Veefin, a supply chain fintech startup, has raised $3 million in a Series A round from Rajesh Rajendran, a Dubai-based investor. The fund will be used to expand the company’s product and engineering team. Veefin, founded in 2010 by Gautam Udani and Raja Debnath, provides financiers with the shortest supply chain finance implementation timelines. Veefin claims to have signed more than half of its existing enterprise clients this year alone. According to the website of the Mumbai-based firm, it has catered to over 350 customers, developed 200 mobile apps, and…
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Temp Holdings fund for innovative HR Tech startups : All you need to know
Temp Holdings Co, a provider of comprehensive human resource services, announced today the launch of a corporate venture capital (CVC) fund for the Indian HR market. The Temp Innovation Fund, named after its parent company, will invest in and acquire disruptive HR startups in the recruitment and staffing industry. The fund will be launched in India by Temp Holdings, according to a statement issued here. Noting that the global staffing industry is worth USD 400 billion, with the US domestic market alone contributing USD 180 billion, Kamal Karanth, India representative…
Read MoreGobillion raised $2.9 million in seed round
Gobillion, a social commerce platform, raised $2.9 million in a seed round led by YC, Justin Mateen, and Pioneer Fund.Soma Capital, Goodwater Capital, Olive Tree Capital, Chris Golda Investments, Oliver Jung, Venture Souq, Shanti Mohan, and Vikas Choudhury were among the other investors in the round. The funds will be used to accelerate the company’s business expansion plans, launch new product categories, and strengthen its operations, product development, and technology teams. Gobillion, which was launched in 2020 by Roshan Farhan and Kulapradip Bharali, allows customers to buy in social groups…
Read MoreDefence startup Tzar Aerospace raises USD 15 Bn
Tzar Aerospace Research Labs, the brainchild of Priyam Mohanty, is a registered startup company known for providing modern and innovative aerospace solutions to commercial and civil customers. Tzar Aerospace’s primary business project is to design and develop a conceptual unmanned hypersonic research aircraft using novel computational approaches and methods. “It’s a matter of tremendous pleasure and great pride for us that we have successfully marked our presence in the field of the aerospace market. Our startup has been very successful in establishing the trust among its clients and because of…
Read MoreNirogStreet raises $4 million in funding
NirogStreet, a technology-based Ayurveda doctor platform, has secured $4 million in a round headed by CE-Ventures and Crescent Enterprises and ICMG’s corporate venture capital platform. Gokul Rajaram, board member at Coinbase and Pinterest; Wavemaker partners; Anuj Srivastava, founder at Livspace; Rajeev Kannan, management executive officer at Sumitomo, Singapore; Suresh Vasudevan, CEO of Sysdig USA; Ramakant Sharma, cofounder of Livspace, Andy Hwang, ex-Google executive, Ashutosh Sinha, former CEO at Morgan Stanley, Dr. Kyohei Takano, a Founded in June 2016 by Ram N Kumar, the firm intends to use the funds to…
Read MoreRazorpay’s valuation soars to $7.5 Bn with $375 Mn new round
Razorpay, a payment gateway and neo banking platform for business owners, has raised $375 million in a Series F round led by Lone Pine Capital, Alkeon Capital, and TCV. This is the company’s second round of funding this year, following a $160 million Series F led by Singapore’s sovereign wealth fund GIC and Sequoia India in April. According to the company, the new financing has resulted in a valuation of $7.5 billion, up from $3 billion in the previous on Since its inception seven years ago, the fintech firm has…
Read MoreHuawei Smart Glasses with detachable front frame
Huawei has developed a new smart glasses called ‘Huawei Smart Glasses’ in China, with a removable front frame design. Classic frame, Stylish pilot, and Retro round frame are the three classic frame options available for the smart glass. It’s also available in a variety of bright frames. The new Huawei smart glasses are the first to feature HarmonyOS. According to GizmoChina, the glasses offer simultaneous connection of two devices, one-key switching of numerous devices, and visible smart connectivity. They have powerful 128mm speakers and microphones for hands-free access to Huawei’s…
Read MoreMumbai tops supply increase in data centre: New research says
Mumbai has the biggest supply growth in data centre capacity in the Asia-Pacific region, adding 200 megawatts (MW) in the third quarter of this year, as data demand increases in the country via OTT, IoT devices, and social media. According to International Property Consultants Knight Frank, total IT capacity in Mumbai increased from 812 MW in Q2 to 1,006 MW in Q3. “Mumbai is among the top established data centre hubs in the APAC region. As digital transformation accelerates amid the 4th industrial revolution, demand for digital infrastructure such as data…
Read MoreHyundai will present robotic based mobility vision at CES tech event
Hyundai revealed on Thursday that it would showcase its future mobility vision based on robotics technologies at an upcoming international consumer electronics convention in the United States, underscoring its push to become an advanced mobility service provider. Hyundai Motor will exhibit its vision of how robotics might revolutionize the role and mode of transportation in the future during the Consumer Electronics Show (CES), which will be held in Las Vegas from January 5-8, under the theme “Expanding Human Reach,” the carmaker said in a statement. Robotics as a medium that…
Read MoreGruhas Proptech Plans To Launch $150 Mn Fund In Q1FY23
Proptech focussed investor Gruhas Proptech plans to roll out a $150 Mn fund in the first quarter of financial year 2022-2023 that will invest in incubators and startups. A PTI report quoting Gruhas Proptech promoter Abhijeet Pai said that the startup is currently in talks with global investors for the same. The proptech focussed investment firm exploring opportunities in the Middle-East and African countries, Pai told PTI. “Because of the immense success of the current portfolio, and razor sharp focus on disruptive prop focus, Gruhas has strategic interest from large…
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