Chennai-based SaaS firm CloudCherry has raised $6 million from prominent venture capital firms including Vertex Ventures, Cisco Investments and existing investor IDG Ventures – which have picked up a significant minority stake in company. The SaaS-based platform for customer experience management owned by Customer Analytics Technologies, will utilize the Series A round of funding to expand its business outside India in markets such as the US, Southeast Asia and West Asia.
Apple Inc has acquired Indian machine-learning start-up Tuplejump Software Pvt Ltd as it seeks to expand its expertise in artificial intelligence. Tuplejump’s software specializes in processing and analysing big sets of data quickly
Fin-tech startup InMotion Media Ventures Pvt Ltd has received an undisclosed amount of funding from online drug marketplace 1mg’s founders Prashant Tandon and Gaurav Agarwal. The startup is raising a total of INR1.5 crore ($225,000) as part of the pre-Series A round. The company provides financial services to daily wagers and low-income groups. It transfers money in any bank account in India on real-time basis and converts local grocery shops into a bank with the help of the app.
Child development app ParentLane has received angel funding from Capier Investments, the personal investment firm run by Rohit MA, cofounder of Cloudnine Hospitals. The app focuses on child development from infancy to the age of eight. “We answer queries across 60-70 categories of child development starting from food to different parameters of growth and development.
Singapore-based startup incubator IdeaWaveLabs said it has made three investments in India, including one in Mumbai-based startup First Moms Club, an online community of first time mothers, in which it has picked up a minority stake.The amount invested in First Moms Club was undisclosed, but the Singapore incubator said it usually invests between $25,000 to $100,000.