Shiprocket acquires Arvind Ltd’s Omuni for USD 25 million
New Delhi, India-based logistics tech platform Shiprocket acquired Omuni. The acquisition took place on July 19, 2022. Omuni is an omnichannel software-as-a-service (SaaS) platform of textile manufacturer Arvind Ltd. The acquisition cost approximately USD 200 million (INR 200 crore). The deal is a mixture of cash and stock. The latest purchase marks the fifth acquisition by the logistics company. Purpose...
Veg Route raises USD 1.1 million in Seed round
Chennai, India-based agritech startup Veg Route raised USD 1.1 million in seed funding. The round took place on July 19, 2022. The U.S-based VGROW Ventures led the financing for Veg Route. Meanwhile, the round saw participation from angel investors such as Ravi Shankar Kathirvelu, Mohan K and Jai Kumar (founders of IppoPay), Hari TN, co-founder, Artha School of Entrepreneurship,...
Berlin-based startup Charles raises USD 20 million in funding
Conversational commerce is an innovation introduced to Europe by the German startup Charles (commerce). As part of its plans to leverage the potential of chat applications in the commercial arena, the Berlin-based startup recently secured €19.5 million (USD 20 million) for its platform. Salesforce Ventures took the lead in this Series A investment. Accel and HV Capital headed the company's...
San-Francisco-based startup Crunchbase raises USD 50 million in Series D funding
July 20, 2022, San Francisco — Crunchbase, a prospecting platform backed by industry-leading proprietary data, revealed it had raised USD 50 million as part of its Series D round of funding. With participation from current Crunchbase investors OMERS Ventures, Mayfield Fund, and Emergence, Alignment Growth led the oversubscribed round. Additionally, the Crunchbase board of directors will welcome Alex Iosilevich,...
Lal10 raises USD 5.5 million in Pre-Series A funding
Noida, an India-based wholesale cross-border marketplace for Indian artisans, Lal10 raised USD 5.5 million in pre-Series A funding. The round took place on July 19, 2022. Yuj Ventures (Xander Group) and Beyond Capital Ventures led the financing for Lal10. Meanwhile, Spiral Ventures, Singularity Ventures, Asymmetry Ventures, Blacksoil, Panthera Peak, and Pegasus FinInvest joined in the investment. Prominent angel investors such...
India-based Health-Tech startup Eka Care raises USD 15 million in Series A funding
Eka Care, a provider of healthcare technology, raised USD 15 million in a Series A round on July 19, 2022, with the help of Hummingbird Ventures as the round's lead investor and investors 3one4Capital, Mirae Assets, Verlinvest, Aditya Birla Ventures, Binny Bansal, Rohit MA, and others. The company intends to use the money for new product development, hiring, and consumer...
Italy-based real estate firm startup Casavo raises USD 406 million in funding
To revolutionize the way people purchase and sell homes online, real estate firm Casavo has secured €400 million (USD 406 million) in debt and equity, making it the most significant fundraising round in Europe for an emerging industry. Along with Sébastien de Lafond, other investors include Neva SGR (Intesa Sanpaolo Group), Endeavor Catalyst, Hambro Perks, and Fuse Venture Partners. In...
IIT Kanpur’s C3iHub launches the second cohort of startups
C3iHub of the Indian Institute of Technology Kanpur (IIT, Kanpur) launched the second cohort of 14 startups. The cohorts come under the Startup Innovation Program held on July 16, 2022. C3iHub is the Technology Innovation Hub on Cyber Security of Cyber-Physical Systems Program on Innovation Ecosystem Building at IIT Kanpur. Several dignitaries attended the event. Prof. Ajay K Sood, Principal...
Altair and AESI collaborate to mentor startups
The U.S-based software and cloud solution provider Altair India announced a collaboration with the Aeronautical Society of India (AESI) to mentor startups. The partnership took place on July 16, 2022. Altair India will work with Aero Innovation and Skill Center (AISC), a Special Interest Group (SPG) of the Aeronautical Society of India (AESI). Purpose of the Collaboration between Altair and AESI Altair...
Are Spam Emails a Threat? Find Out!
Most businesses merely view spam emails as a nuisance and don’t recognize their dangers. Surely, unsolicited emails are annoying. But in most scenarios, they are dangerous and can put your data at risk. Therefore, you must not take spam emails lightly. If you are using Gmail for exchanging business emails, ensure to immediately take steps to block spam emails...
