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SoftBank leads $62 million round in Indian online grocer Grofers

March 16, 2018

Online grocer Grofers is raising a INR 400-crore ($62 million) funding round led by existing investor SoftBank, which is looking to increase its shareholding to 35-40 per cent in the Indian company

Read more - https://www.dealstreetasia.com/stories/india-softbank-leads-62m-funding-round-in-online-grocer-grofers-94400/

Ideaspring Capital, The Hive invest in AI startup Peritus

March 16, 2018

Artificial intelligence startup Peritus has raised $2 million (INR 12 crore) in funding from early-stage venture capital firm Ideaspring Capital and early-stage fund The Hive.

Read more - https://www.vccircle.com/ideaspring-capital-the-hive-invest-in-ai-startup-peritus/

Wipro picks up minority stake in US-based startup Avaamo

March 16, 2018

Wipro Ltd has picked up a minority stake in US-based artificial intelligence startup Avaamo Inc for USD 2,002,000.

Read more - https://www.vccircle.com/wipro-picks-up-minority-stake-in-us-based-startup-avaamo/

Elevar Equity-backed agri-tech startups merge to create new entity

March 16, 2018

Agritech startups Sabziwala and LivLush, which are both backed by impact VC fund Elevar Equity, have merged their businesses under a new entity named Kamatan.

Read more - https://www.vccircle.com/elevar-equity-backed-agri-tech-startups-merge-to-create-new-entity/

Tracxn founder, former Flipkart exec invest in CTO recruitment startup

March 15, 2018

Purple Quarter, a startup which scouts for top technology executives, has raised an undisclosed amount in angel funding from Abhishek Goyal, founder of data analytics firm Tracxn, and former Flipkart executive Mekin Maheshwari.

Read more - https://www.vccircle.com/tracxn-founder-former-flipkart-exec-invest-in-cto-recruitment-startup/

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