FutureTech

Sumeru Ventures led a $50 million (Rs 375 crore) Series-C funding round for healthtech startup Goqii. According to the company, the round included a mix of equity, including preference shares, and debt investments. The funds will be used to improve Goqii’s current products, which include a wearable fitness tracker, an app, a health store, as well as real-time coaching and insurance services, according to the company. The funds will also be used to expand in areas such as insurance, digital therapeutics, and international markets. Modality (Digality), a UK primary health…

Glance is a software company that creates personalised content for smartphone lock screens using artificial intelligence. The company announced today that it will raise $200 million (roughly Rs 1,507 crore) in a new financing round to accelerate growth in Asia and expand into key global markets such as the United States, Brazil, Mexico, and Russia. Jio Platforms, a subsidiary of Reliance Industries, will lead the new Series D round. The deal is conditional on customary closing conditions and regulatory approvals being met. Glance will be integrated into Jio Platforms’ revolutionary…

LetsVenture, an early-stage investment platform, has a new logo and tagline: LetsVenture Together. According to a company press release, the upgraded platform for angel investors includes features and an enhanced design that allows investors to access live deals, top syndicates, upcoming pitching sessions, and product updates. In the next 12 months, the company intends to develop and launch new products for the investor and startup communities. LetsVenture has a portfolio worth over $4 billion and includes well-known startups such as Dukaan, Khatabook, Sugar Cosmetics, and Melorra, to name a few….

PlanetSpark, a K-12 player in the communication skills learning category, is looking to hire 10,000+ English teachers in 2022. On the platform, the company already has over 2,100 teachers. The company raised $13.5 million in a Series-B round led by Prime Venture Partners and entrepreneurs like Binny Bansal, Deep Kalra, Dr. Ashish Gupta, Gokul Rajaram, and Shirish Nandkarni in December of last year. The company intends to aggressively capture market share in the $82-billion global communication skills market with the new round of funding. The newly recruited 10,000 teachers will…

CredAvenue, a debt marketplace, announced on Monday that it has purchased a 75.1 percent stake in Spocto, a digital collections company, to expand its product offerings. CredAvenue will benefit from the acquisition by adding digital collection solutions for lenders, as well as reducing risk and fraud on its platform. It will also aid in improving collection efficiency, according to the company. “Adding digital collection capabilities will significantly add value to lending partners on the platform. This deal is a forward integration that completes the product suites for the entire lifecycle….

To kick-start its product strategy in India, Revolut India, the Indian registered entity of London-based fintech player Revolut, has acquired international money transfers company Arvog Forex. While Revolut India did not disclose the purchase price, a source familiar with the transaction estimated it to be around $4.5 million.Revolut will work with the Mumbai-based forex firm to obtain a forex licence and begin offering remittance and forex services to Indian customers. The company entered the Indian market in April 2021 to make most of the deepening of digital financial services in…

Wakefit is one of the few growth-stage startups that have managed to cross Rs 400 crore revenue mark within 5 years of its inception. The sleep solution cum furniture company has registered 2.07X growth in its operating revenue to Rs 408.59 crore in the last fiscal year from Rs 197.44 crore in FY20, Wakefit’s annual financial statements show. Wakefit has made 94.74% of its income through the sale of manufactured mattresses, pillows and accessories which shot up 2.07X to Rs 387.1 crore in FY21 from Rs 187.16 crore in the preceding…

Secunderabad-based CRM Runo, a startup that provides call management CRM solutions, has raised $500,000 in a pre-Seed funding round led by Unicorn India Ventures. Runo, founded in 2018 by Rajsekhar Pattnaik and P.V. Vamsi, offers a full-featured Customer Relationship Management suite in a mobile app, with products ranging from Call Management to Sales CRM, Collection CRM, and POS CRM. The features can be customised according to the industry sector and the specific services offered by each business, according to the startup. Every interaction and every prospect can be tracked until…

Nazara Technologies, a digital gaming and sports platform, reported a 17 percent drop in consolidated profit after tax to Rs 14.8 crore for the third quarter ended December 31, 2021 on Friday. In the previous fiscal quarter, the company had a profit after tax of Rs 17.9 crore. Its consolidated revenue from operations increased 42.48 percent to Rs 185.8 crore in October-December 2021, compared to Rs 130.4 crore the previous year. The company’s consolidated PAT increased by more than fourfold to Rs 42.8 crore for the nine months ended December…