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Family tracker Life360 planning to acquire Jiobit for USD 37 million

Published Date: 2021-04-28         Author: Pankaj Singh

Life360, a renowned family tracking app, is reportedly planning to acquire Jiobit, a company that develops location-based wearable devices, for USD 37 million. This deal could be worth USD 54.5 million if Jiobit manages to meet certain performance metrics within two calendar years. For those unaw... Read More

Wirex, Snowdrop Solutions reveal location-enriched transaction services

Published Date: 2021-04-27         Author: Pankaj Singh

Leading digital payments company Wirex has recently revealed a set of location-enhanced services that will inform consumers where their transactions have taken place. This is likely to ensure a higher level of transparency during those transactions. The service, which is co-developed with Snowdro... Read More

Edtech startup upGrad secures USD 120 million from Temasek Holdings

Published Date: 2021-04-26         Author: Pankaj Singh

upGrad claims to generate around USD 13 million in monthly revenue. The edtech startup has also managed to record an 85% completion rate of its courses. Mumbai-based education technology company upGrad has reportedly secured USD 120 million from Temasek Holdings Limited, a Singaporean inve... Read More

Arkema to start a polyamide 11 plant in Singapore by early 2022

Published Date: 2021-04-23         Author: Pankaj Singh

Arkema has reportedly announced that it is on track to initiate production of its flagship polyamide 11 high performing polymer Rilsan® and Amino 11 at the new plant in Singapore by early 2022. The plant, which will operate on 100% renewable castor beans, will represent a rise of 50% in the comp... Read More

Fitterfly raises USD 3.1 Mn in funding round led by Fireside Ventures

Published Date: 2021-04-22         Author: Pankaj Singh

Digital therapeutics company Fitterfly reportedly amassed USD 3.1 million in a Pre-Series A round led by Fireside Ventures. The funding round also saw participation from Venture Catalysts, 9Unicorns, and a few angel investors from Singapore, the U.S., and India, with Kanwaljit Singh, the Managing Pa... Read More

Microsoft launches Dynamics 365 Business Central to boost Indian SMBs

Published Date: 2021-04-21         Author: Pankaj Singh

Microsoft Dynamics 365 Business Central is a cloud-based, end-to-end business management solution. The platform allows for on-the-go management of sales, operations, finance, and customer service. Microsoft recently rolled out Dynamics 365 Business Central, a business management solution t... Read More

Didi Chuxing adds Volvo’s SUVs to its global autonomous driving fleet

Published Date: 2021-04-20         Author: Pankaj Singh

Swedish carmaker Volvo has reportedly signed a joint venture agreement with Beijing-based ride-hailing platform Didi Chuxing Technology Co. to supply cars for the self-driving test fleet of the company. Sources with knowledge of the matter stated that Didi is expanding its car fleets by teaming u... Read More

Razorpay secures USD 160 million during GIC-led Series E funding round

Published Date: 2021-04-19         Author: Pankaj Singh

Razorpay, an Indian financial technology startup, has reportedly raised USD 160 million during its Series E funding round, tripling the six-year-old fintech firm’s valuation to USD 3 billion within six months as it prepares to expand its services in Southeast Asia. The latest round was led ... Read More

Facebook set to purchase renewable energy in India in its first deal signing

Published Date: 2021-04-16         Author: Pankaj Singh

Facebook has reportedly signed a deal to purchase renewable energy in India from the wind power project of a local firm. This will be the social media giant’s first such deal in the nation, as said by the companies on Thursday. The wind power project, located in south Karnataka, generates o... Read More

Credflow bags USD 2.1 billion through seed funding, eyes expansion

Published Date: 2021-04-15         Author: Pankaj Singh

CredFlow, a Delhi-based fintech startup has reportedly secured USD 2.1 billion during a seed funding round which was led by Stellaris Venture Partners, Flourish Ventures, and Omdiyar Network India. As per official announcements, CredFlow plans to use the freshly raised capital for strengthening i... Read More

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