Table Space, a prominent Indian managed workspace provider, is setting its sights on an impressive valuation of $2.5 billion or more for its upcoming IPO slated for next year, according to insider sources speaking with TechCrunch.
Headquartered in Bengaluru, Table Space has enlisted Axis as a bookrunner for this significant financial move. Since its inception in 2017, the startup has…
European Cyber Insurance Startup Stoïk Secures $27M to Safeguard Small Businesses from Cyber Threats
In an age where cyber threats loom large, especially for small and medium-sized enterprises (SMEs), French startup Stoïk is stepping up to the plate with a game-changing cyber insurance product. Recently, Stoïk successfully raised €25 million (around $27 million) in a Series B funding round, positioning itself as a crucial player in the European cyber insurance landscape.
Unlike other players…
In an exciting development for the world of robotics, Perceptyne, an innovative deep-tech startup focused on AI-driven automation, has successfully secured $3 million in seed funding. The round was co-led by Endiya Partners and Yali Capital, with additional support from Whiteboard Capital and several angel investors.
This funding will accelerate Perceptyne’s mission to create semi-humanoid…
In an exciting development for the DeepTech startup ecosystem, SanchiConnect, a promising accelerator, has successfully raised funding from notable investors including Baring Private Equity Partners-India, Seafund, and 8X Ventures. The exact amount raised remains undisclosed, but it marks a significant step forward for the firm.
Aiming for Expansion and Enhanced Offerings
Founded in 2022…
In an exciting development for the fintech landscape, Gurugram-based startup BASIC Home Loan has successfully raised ₹87.5 crore (approximately $10.6 million) in a Series B funding round. This latest investment was spearheaded by Bertelsmann India Investments (BII) and UAE-based CE-Ventures, the venture capital arm of Crescent Enterprises.
The funding round also saw participation from existing…
India is gearing up to fabricate its very first semiconductor chip in just two years, according to Commerce Minister Piyush Goyal. This ambitious move comes as major U.S. chipmakers like Nvidia, AMD, and Micron plan to expand their operations in the country.
A Semiconductor Revolution
During a recent interview with CNBC in New York, Goyal emphasized the growing interest in India’s semiconductor…
Dev Accelerator, operating under the brand name DevX, has filed its draft red herring prospectus (DRHP) for an initial public offering (IPO), planning to sell a total of 2.47 crore shares through a fresh issue. Notably, the IPO will not include any offer-for-sale component.
Key Details of the IPO
According to the filed DRHP, the IPO will consist of up to 24,700,000 equity shares, each with a face…
Cisco has inaugurated its first manufacturing facility in India, situated in Sriperumbudur near Chennai, Tamil Nadu. The facility, launched on September 27, 2024, will focus on producing routing and switching products, beginning with the Network Convergence System (NCS) 540 series of routers.
The event featured remarks from Union Minister Jyotiraditya Scindia, Tamil Nadu Minister for Industries…
WeWork Inc.’s plan to exit its Indian unit through a secondary stake sale has fallen apart, just as the coworking sector begins to show signs of recovery. This development highlights the ongoing challenges faced by WeWork following its bankruptcy.
The deal involved WeWork Inc. selling its entire 27% stake in WeWork India, while the Embassy Group aimed to divest an additional 13% to a consortium…
Two Point O Capital, a Gurugram-based startup, has successfully raised $6.3 million in a seed funding round led by Omnivore, with contributions from Multiply Ventures, RTP Global, GrowX, Spectrum Impact, and several prominent angel investors.
This investment aims to enhance Two Point O’s tech-enabled platform, which specializes in sourcing, financing, and monitoring distributed clean energy…
