Awfis, a co-working space major in the country, is looking at raising around $15-20 million funds by the end of the year to support its growth plans in the country. It currently has around 3,000 seats across 12 centres in three cities and it would be adding another 3,000 seats by November, which would increase its total capacity to 6,000 seats in five cities in 20 centres by the time.
GE Healthcare, the $18 billion healthcare technology division of General Electric Co, will provide funding of up to $50 million for global start-ups under its new accelerator programme, aimed at improving affordable healthcare in emerging markets. The company would potentially invest up to $5 million per start-up to commercially scale up their innovations. GE’s funding for each start-up will be evaluated on a case-by-case basis.
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.
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