Indian AI Firm Raises $1M To Help Users Stream Movies In Higher Definition Established in 2019, Myelin Foundry develops AI algorithms on video, voice, and sensor data to transform media experiences and industry outcomes. Now the company has raised US$1 million in pre-series A funding to help consolidate its products in the Indian video-streaming market and expand globally.
Elevation, Matrix Partners Co-lead $3M Round Of Indian Enterprise SaaS Firm SuperOps India’s SuperOps, a professional services automation (PSA) and remote monitoring and management (RMM) startup, said it has raised US$3 million in seed funding in a round co-led by Elevation Capital and Matrix Partners India.
Xander Acquires 31-acre Logistics Park In Eastern India Xander Group Inc., a Singapore-based alternative investment company, has acquired a 31-acre logistics park in Bagnan, located in West Bengal’s Howrah district, in its first warehousing investment in eastern India as regional demand grows, two people familiar with the development said.
Indian Micro-retail Commerce Startup Raises $75M From Existing Backers Pune-based ElasticRun, a platform that connects FMCG (fast-moving consumer goods) and ecommerce companies with mom and pop stores in India’s rural areas, has raised US$75 million in a round co-led by existing investors Avataar Ventures and Prosus Ventures. The funding round, which saw participation from Kalaari Capital, has bumped up the valuation of the four-year-old startup to US$400 million.
Indian Dental Firm CareStack Raises $22.5M From Steadview Capital, And Others Thiruvananthapuram and Florida-based cloud dental software startup, CareStack on Tuesday said that it has raised $22.5 million from Steadview Capital, Delta Dental of California, Accel Partners, Eight Roads and F-Prime Capital, as the company looks to boost its growth.
Indian Agri-focused Lender NAFA Raises $50M Through Equity And ECB Agriculture-focused non-banking finance company (NBFC) Netafim Agricultural Financing Agency (NAFA) on Monday said it has raised $50 million through a mix of equity capital and external commercial borrowing from Israel based – Phoenix Group and Cogito Capital.
Retail Pharmacy Chain Wellness Forever Plans $160M IPO Wellness Forever, an omnichannel retail pharmacy chain backed by investors such as Adar Poonawalla of Serum Institute of India Ltd, has started working on an initial public offering (IPO) that will see it raise 1,000-1,200 crore, said two people aware of the development, on condition of anonymity.
Social Commerce In India To Be $7B Opportunity By 2025 The social commerce segment, which includes startups such as Meesho, Mall91, Shop101, Dealshare, and Bulbul, is expected to be a $7 billion opportunity and contribute at least 5% of the overall e-commerce market by fiscal year 2025, according to data from management consultancy Redseer.
Indian Used Car Retailing Startup Spinny Snags $65M Led By General Catalyst Gurugram-based used car retailing platform Spinny on Thursday announced that it has raised $65 million in Series C funding led by Silicon Valley-based venture capital firm General Catalyst – an early backer of Airbnb, Stripe, Snapchat, Vroom, Cazoo, among others.