Meet The Digital Banking Startup That Just Closed $4.9M And Came Out Of Stealth

New York’s Rho Business, which wants to create a digital business banking system for early-stage and high-growth startups, has raised a $4.9 million seed round led by Inspired Capital. In simple words, Rho wants to work as basic operational banking infrastructure for startups. What exists in the market today can prove a challenging fit for young companies. Founded by Everett…

Consumer-tech startup Atomberg raises Series A funding from A91 Partners

Atomberg Technology Pvt. Ltd, a consumer-technology company, has raised $10 million (approximately Rs 71.96 crore at current exchange rates) in its Series A funding round led by venture capital firm A91 Partners. The company will use the funds for enhancing its distribution networks across all metro and non-metro cities apart from increasing the size of its research and development team,…

S’pore Foodtech Firm Raises S$1.7M In Seed Funding Round Led By Killiney Group

Singapore foodtech startup and parent company to low-calorie ice cream Callery’s, announced today (9 September) that it has secured a S$1.7 million seed funding. The funding round is led by local food and beverage heritage brand Killiney Group, followed by Singapore’s first government-backed food incubator Innovate360, TRIVE Ventures, and other angel investors. The funds will be used to accelerate Hoow…

Singapore healthtech startups attract US$105m in 2018

HEALTHTECH startups in Singapore attracted US$105 million across 21 deals in 2018, according to a report published by healthtech researcher Galen Growth Asia in collaboration with Singapore's Economic Development Board. Singapore's deal value made up 24 per cent of total deal value in Asia excluding China and India. China took home the crown for having attracted the most funding, amounting…

Brick & Mortar Ventures launches $97 million construction tech venture fund

Construction technology is a growing sector, which is why Brick & Mortar Ventures has raised a $97 million fund to invest in both hardware and software for construction-related industries. The San Francisco venture fund was founded by construction tech investment veteran Darren Bechtel and is backed by high-profile corporate funding sources. The fund targets emerging companies developing innovative software and…

According to Latest Report on Venture Capital Investment Market to Grow with an Impressive CAGR

“ Venture Capital Investment Market Growth 2019 Fintech solutions provide alternative finance firms with a platform for investors to directly come across companies and individuals looking for equity financing and debt. The technology has enabled new players to take faster decisions, engage with customers more precisely, and run operations at low cost-to-income ratios compared with traditional banks. The low-interest rates…

Everstone Capital puts on block 45% in Pind Balluchi Company

Home-grown private equity fund Everstone Capital is looking at selling its 45% stake in JS Hospitality, the company that runs Pind Balluchi chain of restaurants. The fund is expected to make 2-2.5 times its five yearold investment, said three people with direct knowledge of the deal. In January 2012, Everstone picked up 45% stake in JS Chadha-run JS Hospitality for…