FutureTech

GupShup, a startup that helps businesses interact with customers through various mediums, has acquired Knowlarity Communications. According to the company, the acquisition complements Gupshup’s industry-leading Conversational Messaging suite and establishes Gupshup as a leader in voice and video communications. In 2009, Ambarish Gupta and Pallav Pandey co-founded the company. Over 6,000 customers in 65 countries use Knowlarity’s cloud telephony, contact centre automation, AI-powered voice assistants, and speech analytics solutions. The business operates in the voice-based Conversational Engagement market, which is expected to transform contact centres, IVR systems, and smart voice…

Zomato, Temasek, and LightRock led a $185 million funding round for Shiprocket. While the company was valued at over $930 million and narrowly missed unicorn status, it scaled quickly in FY21, with a healthy increase in profits after taxes (PAT). According to its annual filings, Shiprocket’s operating revenue increased by 122 percent to Rs 358.01 crore in FY21 from Rs 161.19 crore the previous fiscal year. Its sole source of revenue has been the sale of logistic services. Providing essentially delivery management services to its core user base of SMEs…

App for daily gold savings, Jar has raised $32 million in a Series A round led by Tiger Global, with Rocketship.vc, Third Prime, Stonks, Force Ventures, and existing investors Arkam Ventures and WEH also participating. Victor Jacobsson, the founder of Klarna, Suleman Ali of Ali Capital, Shamir Karkal, the founder of Sila Money, Byron Ling of Cannan Partners, Joel John of Ledger Prime, and Italic founder Jeremy Cai are among the angel investors who participated in the round. The Series A funding comes on the heels of a $4.5 million…

Waterfield Advisors, a multi-family office and wealth advisory firm, announced on Thursday that it had raised $6 million from single-family offices, ultra-high net worth individuals, and existing investors in a funding round. Waterfield will use the funds to expand its team across the organisation, invest in technology, strengthen its investment advisory platform across listed and unlisted investments, and expand its presence in Singapore, the United Kingdom, the United States, and the Middle East to become the preferred wealth partner for global Indian clients. “Over the past 10 years, we have…

Pine Labs, an IPO-bound digital payment and financial services provider, is in talks to buy Setu, an API-based infrastructure company, for $70- $100 million in cash and stock, according to three people familiar with the talks. According to one of the people cited above, if the acquisition goes through, Pine Labs will gain access to Setu’s Account Aggregator consent framework and technology, which will help it improve market time for its planned financial services launch. Financial service providers no longer need to make multiple integrations for a single feature thanks…

LegalPay, an alternative-investments platform specialising in insolvency, legal, and debt financing within insolvency, has raised an undisclosed amount from US-based Hedonova. In December, the company received pre-Series A funding from prominent investors Venture Catalysts and Amity Technology Incubator, as well as participation from existing investors such as Ashwini Kakkar’s family office, the former head of Thomas Cook and co-founder and chairman of via.com; venture capital fund 9unicorns; and other marquee angels such as LetsVenture. Hedonova is a hedge fund based in the United States that invests in a variety of…

Quiph’s SuperShare, a smartphone dialer and communication platform, has raised Rs 48.5 crore (approximately $6.5 million) in a Series A round from new and existing investors. This would be the company’s second funding round in the last two years. In March 2020, it raised $1.6 million for its first product, QTalk. Quiph has issued 3861 Series A preference shares for a total of Rs 48.5 crore at an issue price of Rs 125,548.12 per share. Lightspeed led the round with Rs 32.3 crore, while Accel, a previous backer, contributed Rs…