Tech Mahindra will acquire Zen3 Infosolutions for $64 Mn
Indian Multinational subsidiary of the Mahindra Group, Tech Mahindra will acquire the American and Indian unit of US-based AI and Machine learning firm Zen3 for $64 Mn
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Delhi headquartered Rupeek has raised $60 Mn Series C funding
Delhi-headquartered digital gold loans startup Rupeek has raised $60 Mn Series C funding from GGV Capital, Bertelsmann India Investments, Binny Bansal, KBIC, Tanglin Venture Partners, Sequoia India and Accel Partners
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Startup News Snippets
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- Bengaluru-headquartered digital payments company PhonePe has received a fresh cash infusion of $60 Mn from its Singapore-based parent entity PhonePe, Singapore
- Google India is accepting applications from startups for the fourth batch of Google for Startups Accelerator India programme
- Singapore-based digital proptech company Elara Technologies has invested a total of $5 Mn in its two Indian subsidiaries – Gurgaon based Housing and PropTiger
- Tech giant Microsoft has launched its 100X100X100 programme for software-as-a-service (SaaS) startups in India to promote the startup ecosystem of India
- Mumbai-based venture capital firm Blume Ventures has announced the final close of its opportunity fund – Fund IIA – at $41 Mn for follow-on investments
- Bennett Coleman and Company (BCCL), commonly known as The Times Group has acquired an equity stake in Bengaluru based cloud Kitchen startup Rebel Foods for $2.5 Mn