FutureTech

Scaler, an edtech firm, has purchased AppliedRoots, an online learning platform, for $50 million in cash and stock. According to a senior company executive, the deal will allow it to improve its data science, artificial intelligence, and machine learning capabilities. The acquisition is the company’s third in the last 12 months, and it comes just two months after it raised $55 million in Series B funding from Lightrock India-led investors. It bought Coding Minutes and Coding Elements last year. Scaler’s parent company, InterviewBit, was founded in April 2019 by Anshuman Singh…

Volopay, a Singapore-based fintech platform, announced on Tuesday that it had raised $29 million from Cameron and Tyler Winklevoss, as well as a global decacorn and others, to enter the Indian market. In Series A, the Y Combinator-backed corporate cards and payment management startup raised funding in a mix of equity and debt. “With India churning out several unicorn-level enterprises every year, it is indeed making a big wave on the global frontier. And this is only the beginning,” said Rajith Shaji and Rajesh Raikwar, Co-founders, Volopay. “Accelerating their growth…

Clear (previously ClearTax), an online taxation and fintech software provider, has entered the lending market with the launch of its invoice-discounting product for small and medium businesses (SMEs). This comes at a time when the company is focusing heavily on foreign expansion, having raised $75 million from Stripe, a US-based payments powerhouse, and others in October of last year. According to a release, the company now plans to process $3 billion in merchant loans by FY’24. As part of its effort to provide working capital solutions to suppliers and SMEs,…

Mobile Premier League (MPL), an Indian mobile eSports and skill gaming platform, has acquired GameDuell, a Berlin-based games studio, in order to expand its European operations. The move fits in with MPL’s overall strategy of expanding its footprint in key global markets. It already has operations in Indonesia and the United States, and with this acquisition, it will have operations on three continents. Employees from GameDuell will join the MPL team, though financial details were not disclosed. “We are excited to expand our operations to Europe after having successfully ventured…