Sequoia India led $35 Mn Funding of Biofourmis, An AI-Enabled HealthTech Platform
Singapore-based Biofourmis, an Artificial Intelligence (AI) -enabled monitoring and decision support platform has raised $35 million in Series B round of funding led by Sequoia India and MassMutual Ventures with contributions from Singapore government’s EDBI, Jianke and existing investors Openspace Ventures, Aviva Ventures and SGInnovate. With this funding, Biofourmis also announced to move its headquarters from Singapore to Boston, Massachusetts. With fresh funding, Biofourmis has raised a total of about $41 Mn in funding over… Read More
Chatbot Startup Niki.ai Raises ₹11.6 Crore in Debt Funding from Unilazer, RSP India, Others
Bengaluru-based Niki.ai, an AI-powered chatbot service startup, has been raising a convertible debt funding since February this year. Niki.ai has secured around Rs 11.6 crore in covertible debt funding from investors that include Unilazer Alternative Ventures LLP, RSP India Fund LLC, Tarun Nayyar, Vistra ITCL as a trustee of AL trust, Asian E-commerce Alliance, Hansjoachim Koehler of HJK Capital, and Ramakant Sharma, Co-founder and COO of Livspace, among others… Read More
Ex-Infosys CEO Vishal Sikka founded AI Startup Vian Systems Raises $50 Mn
Vian Systems, an Artificial Intelligence (AI) startup founded by Vishal Sikka, a former Executive Vice Chairman, CEO and MD of Infosys, has raised $50 million in funding from two unknown investors, reported Economic Times citing documents filed with the US Securities and Exchange Commission. Founded by Sikka, Vian Systems is a Palo Alto, California technology company operating in stealth mode in San Francisco Bay Area. According to the filing, Vian Systems offered $50 million in… Read More
VC Arm of IKEA Invests in Bangalore’s Livspace
Ingka investments, the investment arm of IKEA’s parent firm Ingka Group,has invested in Bangalore-based home furnishing startup Livspace for a minority stake, reported Deal Street Asia. Livspace will use fresh Fundings in areas such as developing new home interior solutions and products, market expansion as well as growing its offline footprint. Ingka Group operates 90 percent of Ikea’s retail footprint. Founded in 2015 by a former Google executive Anuj Srivastava, Livspace was initially started as… Read MoRead More
AI Based Crowd-Sourcing Platform ‘My Mobiforce’ Raises $200K in Angel Funding
Noida based Crowd-sourcing Platform My Mobiforce providing on-demand Field Services raised US$ 200K from a US-based angel investor Mr Arpan Prakash and Mr Sanjiv Mital who is also an Advisor, Mentor and a Seasoned Angel Investor. My Mobiforce is trying to solve one the biggest challenges of the brands and companies to implement on-demand Field Services by providing them with a technology platform to find a qualified field talent at the right time at the right place… Read More
Smart Wearables Startup KaHa Raised $6.2Mn in Funding led by ICT Fund
KaHa, a Singapore-based end-to-end Internet of Things (IoT) platform startup for smart wearables, has raised US$6.2 million in Series B funding to accelerate its growth in Asia. The funding round was led by ICT Fund, a specialized deep-tech venture capital fund and an existing strategic investor from Europe. The funds raised in this round will enable the company to boost its research and development and scale its operations in the Asia Pacific region. APAC is… Read More
New York-based Coatue may Lead a $120 Mn Funding of Faasos
Coatue Management, a New York-based hedge fund, is in talks to lead a $120 million funding round in Mumbai-based Rebel Foods, which owns and operates brands of cloud kitchens such as Faasos, reported LiveMint, citing three people privy to the developments. If the deal materialize then Faasos will be Coatue’s second investment in India after Swiggy, in which the US-based investor had invested in last December. Coatue plans to invest $100 million in the latest… Read More
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