Enterprise software maker Freshdesk has raised $55 million in a new round of funding led by Sequoia Capital India, along with existing investor, Accel Partners. Founded in October 2010, Freshdesk is one of the first software-as-a-service (SaaS) companies from India to take on the global market. Its helpdesk software can be used by customer support agents from around the world on various channels like email, phone and social media.
Business intelligence and data science company Impact Analytics has raised $750,000 led by early-stage venture capital firm Aarin Capital, which was founded by TV Mohandas Pai and Dr Ranjan Pai. The company provides analytics solutions across sectors including retail, financial services, education, pharma and others.
Advanced Enzyme Technologies Ltd, India’s leading enzyme maker, has entered into definitive agreements to acquire a 70% stake in Hyderabad-based JC Biotech Pvt Ltd for INR 50 crore. The acquisition will significantly boost market share of Advanced Enzyme Tech in the enzymes space and enable it to enter the biopharmaceutical molecules space.
Entertainment tech platform TalentNext, which connects actors, screenwriters, choreographers and 43 other related categories to recruiters, has raised a seed round of $1 million in a round led by Karanpal Singh, managing director at KJS Cement and other angel investors. The platform claims to receive over 250 signups through Facebook on a daily basis and posts over 50 jobs every day.
Canada-based branded cosmetics and skincare products firm FACES Cosmetics Ltd, backed by the India-focused investor Everstone Capital Partners LLR, is looking to raise as much as INR 60-100 crore. The funding will be utilized to accelerate presence in India. Over the next one year, the colour cosmetic firm expects to expand to 100 cities from about 80 at present.