Kalaari Capital and Norwest Venture Partners have invested $2 Mn in ElasticRun, a Pune-based stealth startup. Founded in 2015, ElasticRun technology allows its customers to run the transportation and supply chain systems in an asset light mode.
Bengaluru-based mobile gaming startup PlaySimple Games Pvt Ltd has raised $4 million (nearly Rs 27 crore) in a Series A round led by SAIF Partners and IDG Ventures India. The funding will be utilized to develop new games, develop team and on marketing campaigns.
Omnivore Capital, which makes early-stage investments in agricultural and food technology companies, has invested $ 1 million in GramCover, an insurance marketplace for the rural sector.
The Singapore based fintech startup, using artificial intelligence (AI) to deliver virtual assistant banking services, has raised $3 million (approx INR 20 Crore) funding from IDG Ventures India and Kalaari Capital. The funding will be utilized for the growth of the startup’s product platform for banking and payments into Asia and North America.
Aon Hewitt, the global talent, retirement and health solutions business of Aon Plc, has acquired CoCubes, a hiring assessment company based in India focused at entry level. With this transaction, Aon Hewitt adds two million assessments to its existing global portfolio of 20 million assessments spread across 164 countries, according to a release.