Indian venture capital firm Saama Capital has raised $100 million (Rs 650 crore) for its new fund, just a little over a year after making the final close of its third fund in January last year. The latest fund–Saama Capital IV Ltd–was raised from a set of 59 investors last week, as per a filing with the US Securities and…
Samsung Venture Investment, an affiliate of Samsung Electronics that specialises in fostering startups, said on Monday that it has invested $4.6 million in an Israel-based firm Audioburst. Established in 2015, Audioburst operates a platform that provides customized audio content to users by analysing their listening patterns, interests, and preferences. The South Korean tech giant said the investment was made through…
Entrepreneurship is the new craze and many youngsters, as well as experienced professionals, are now exploring ways to have their own start-ups. The government is encouraging start-ups in a big way and we have seen an exponential growth in the number of new ventures opening every day. To ensure your enterprise thrives grows and does not die a premature death,…
Salesforce announced today that it has signed an agreement to acquire MuleSoft, a company that makes software to integrate disparate enterprise software systems. The mixed cash and stock deal is worth approximately $6.5 billion, according to a press release. The tech titan plans to use MuleSoft’s technology to power a new Salesforce Integration Cloud, which will help customers connect multiple…
Gurgaon-based online grocery startup Grofers India Pvt Ltd has raised Rs 400 crore (around $62 million) led by existing investor SoftBank, according to a media report on Friday. The Times of India reported that existing investor US-based Tiger Global and Russian billionaire Yuri Milner also participated in the round. The investment saw Grofers’ valuation fall by 20% to $300 million…
Once home to the mythical Indian rope trick and turbaned Maharajas, India today proudly boasts of the third largest number of start-ups worldwide. The history of Indian start-ups can be traced back to the birth of the Indian information technology industry in 1984 followed by the launch of the first commercial internet service by VSNL around a decade later, in…
Bharti Airtel board on Monday approved a proposal to raise up to Rs 16,500 crore through a combination of privately placed non-convertible debentures and foreign currency bonds for conducting treasury operations. In its ongoing efforts to raise funds to reduce debt as well as meet the competitive challenges posed by Reliance Jio, the Bharti Airtel board on Monday approved a…
Pine Labs, a digital retail payments platform, has raised $82 million in a Series F financing round led by Actis, a leading investor in emerging markets. US-based Altimeter Capital also participated in the latest funding round to become a new investor in Pine Labs. Actis will get a board seat for its investments in Pine Labs while Altimeter Capital will…
The US aircraft manufacturers Lockheed Martin will soon invite innovation ideas from startups through its annual scheme “India innovation growth programme,” meant for startups and university students “The applications for this programme, launched in 2007, will be received from March 21. It looks for startups and university students, who have got innovative ideas. They may be allowed to take their…
Essar Steel: Numetal, ArcelorMittal may be headed for legal battle Early signals emanating from ArcelorMittal and Numetal, the only companies to have placed binding bids to acquire Essar Steel, hint at a protracted legal battle that could mire the resolution of the steelmaker’s debts, says Mint’s report. The report further says, in the weeks following the submission of binding bids…