z21 Ventures, a leading venture capital firm focused on early-stage technology investments, has announced the successful first close of $20 million for its $40 million Fund II. This funding round features WestBridge Capital as the anchor investor, a respected global investment firm known for its strategic approach and robust portfolio. This announcement comes swiftly after the launch of z21’s…
Elivaas, an innovative platform specializing in the management of luxury villas and apartments, has successfully raised $5 million in a Series A funding round led by 3one4 Capital. The funding round also attracted participation from Peak XV’s Surge and several prominent angel investors. This new capital will enable Elivaas to enhance its proprietary technology platform, expand its market…
In a significant move to bolster its presence in the U.S. hospitality market, OYO, the India-based parent company of Oravel Stays, has announced its acquisition of G6 Hospitality, the franchiser of the well-known Motel 6 and Studio 6 brands, for $525 million. This all-cash transaction, backed by Blackstone Real Estate, is expected to close in the fourth quarter of 2024, pending customary closing…
Berlin-based startup SIRIUS has successfully raised $4 million in Seed funding to enhance the online music education experience for students and teachers alike. Founded in 2020 by data scientist and piano enthusiast Sebastian Riegelbauer, SIRIUS addresses the pressing challenges faced by music teachers and learners, particularly in urban areas where long waiting times for lessons are common.
The…
Digital banking startup Freo, backed by Peak XV, is set to relocate its domicile from Singapore to India, marking a significant shift in the startup landscape. This move aligns with a growing trend of startups returning to their home market, driven by the expanding opportunities within India’s financial sector.
Freo, which operates under Singapore-headquartered MyCash Fintech, is in the early…
Engine, previously known as Hotel Engine, has secured $140 million in Series C funding led by a private equity firm advised by Permira, boosting its valuation to $2.1 billion. This marks a significant 62% increase from its prior valuation of $1.3 billion following a $65 million Series B round in late 2021.
This growth comes amid a challenging environment where many startups are facing flat or…
Tata Consultancy Services (TCS), a leading global IT services and consulting firm, has announced a landmark partnership with Golden Arches Development Corporation (GADC), the master franchise holder of McDonald’s in the Philippines. This two-year collaboration marks TCS’s first engagement with the fast-food giant in the Asia-Pacific (APAC) region, aiming to digitize and standardize the IT…
In a vibrant and growing sector, sauce startup Troovy is making headlines as it enters advanced discussions to raise ₹11-13 crore (approximately $1.5 million) from investors, including Sharrp Ventures, the investment arm of Marico’s Harsh Mariwala family. This funding round signifies a promising step for Troovy, aiming to carve out a substantial market presence in India’s competitive sauce…
In a significant move for the Indian spacetech sector, Infosys has announced an investment of INR 17 crore (approximately $2 million) in GalaxEye Space Solutions Pvt Ltd. This funding comes as part of the Infosys Innovation Fund, aimed at supporting innovative startups in emerging technologies.
About GalaxEye
Founded in Bengaluru, GalaxEye is an IIT M-incubated startup focused on Earth observation…
India Lifestyle Network (ILN), the parent company of popular digital platforms MensXP, iDiva, and Hypp, is exploring the possibility of separating from Mensa Brands. This move comes two years after Mensa’s acquisition of ILN for approximately $100 million. The decision stems from a perceived misalignment in growth priorities between the two entities.
Background of the Acquisition
Mensa Brands…
