Start-up Voonik Technologies Pvt Ltd, owner of the Voonik fashion app, has raised $6 million (INR 40 crore) from Singapore-based RB Investments and existing investor Sequoia Capital. The company runs a lean marketplace business where it operates without inventory and fulfilment centres.
Nasdaq-listed voice and speech recognition company Nuance Communications has acquired Noida-based mobile value-add services venture mCarbon Tech Innovations in a cash-and-stock transaction, estimated at about $36 million (INR 240 crore). Founded in 2008 mCarbon Tech Innovations, which started off focusing on core network value add services, provides innovative revenue uplift and customer value management products for telecom operators.
Automobile classifieds portal CarTrade has raised INR 370 crore ($55 million) in a funding round led by existing investor Temasek Holdings (Singapore government’s investment firm) and a US family office. The funding will be utilized to make acquisitions, expand into new areas like auto finance, and sharpen services to consumers, dealers and OEMs.
Noida-based Kromozones Software Pvt Ltd, which runs and operates fleet management solutions provider Mind Your Fleet, has raised an undisclosed amount in a bridge round of funding from a group of angel investors. The funding will be utilized for product development, and sales and marketing.