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