E6Data, Llumo AI and Salt Oral Care bag early-stage funding
Data infra startup e6data, large language model (LLM) deployment and optimisation company, Llumo AI and luxury oral beauty brand Salt Oral Care raised early-stage funding for expansion, companies said on Tuesday. e6Data Enterprise-focussed data infrastructure startup e6data raised $10 million in Series A funding round, led by Accel with participation from Beenext. E6data ......
EQT-backed CitiusTech plans return to M&A street for European expansion
Healthtech firm CitiusTech is looking at possible acquisition targets to expand its business in Europe, as the company that counts Swedish private equity firm EQT as an investor returns to M&A street after a two-year gap. CitiusTech acquired one company each in 2020, 2021 and 2022 but went quiet thereafter as ......
Veefin Solutions to buy EpikIndifi in its third acquisition
Veefin Solutions Ltd, a supply chain fintech startup that listed on the BSE’s SME platform last year, has acquired digital lending platform EpikIndifi Softare & Solutions Pvt Ltd in its third acquisition in the last three months, a top executive told VCCircle. Veefin will pay in a mix of cash and ......
Playbook Partners marks first close of maiden fund
Playbook Partners, a growth-stage focused investment firm set up by founding partner of Pivot ventures Vikas Choudhury, has marked the first close of its maiden fund launched earlier this year. The alternative investment fund had received approval from market regulator Securities and Exchange Board of India in December last year. It ......
Harshila Gujar's Guide in Building Strong Relationships with Diverse Suppliers
In today’s competitive business landscape, optimizing supplier diversity processes has become essential for organizations aiming to enhance inclusivity and drive sustainable growth. Embracing diverse suppliers not only fosters a more equitable supply chain but also opens avenues for innovation and community engagement. The implementation of effective supplier diversity strategies ensures ......
Flexiloans snags $35 mn in Series C round from three new backers
Lending startup Flexiloans has raised Rs 290 crore ($34.5 million) in a Series C round from global impact investors Accion and Nuveen, along with Nandan Nilekani’s venture capital firm Fundamentum, a top executive told VCCircle. Dane private equity firm Maj Invest, an existing backer, also participated. The equity capital will allow Flexiloans ......
PE firm Recognize picks up majority stake in Blue Mantis
Recognize, a private equity firm that backs businesses in the digital services industry, Tuesday said it has picked up a majority stake in information technology service provider Blue Mantis. Meanwhile, American PE firm Abry Partners that had backed the company in 2020, will continue as a minority investor. Financial details of ......
MENA Digest: Deal activity picks up with two big Series A funding
Fintech startups in the Middle East and North Africa region accelerated the dealmaking activity this week led by UAE’s Ziina and Saudi startup Malaa. The two raised double-digit Series A funding. Other startups that secured funding include Saudi SaaS provider Reachware, Tunisian cleantech player WattNow, HRtech startup Cercli, Also, Saudi-based unicorn ......
How Wipro Ventures’ startup, LP journey shaped up in FY24
Wipro Ventures, the corporate investment arm of software services giant Wipro Ltd, saw only a marginal increase in the value of its portfolio in the financial year 2023-24, even though it continued to invest in tech startups, as well as in other venture capital funds as a limited partner. Wipro’s VC arm saw its ......
TPG-backed Fractal Analytics brings back AI firm Eugenie into its fold
Fractal Analytics, an analytics unicorn that counts private equity firms TPG and Apax Partners as its investors, said Wednesday it has merged artificial intelligence company Eugenie AI with itself. Fractal plans to use the expertise of Eugenie, which provides products for climate change and industrial sustainability, to expand its portfolio, the ......
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