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…
z21 Ventures Secures $20 Million First Close for Fund II to Support Early-Stage AI and SaaS Startups
z21 Ventures, a prominent venture capital firm dedicated to early-stage technology investments, has announced the successful first close of its second fund at $20 million, with a target of reaching $40 million. This significant milestone comes with the backing of anchor investor WestBridge Capital, a global investment firm recognized for its strategic investment focus and robust portfolio.
Rapid…
Mayank Bidawatka, the co-founder of the vernacular microblogging platform Koo, is gearing up to launch his new startup, Billion Hearts Software Technologies. The company recently finalized a pre-seed funding round, securing approximately $250,000 from notable investors, including founders of redBus, Ola, InMobi, and Myntra.
Billion Hearts is poised to raise nearly $500,000 to kickstart its…
Fei-Fei Li, a leading figure in artificial intelligence and a Stanford University professor, has raised an impressive $230 million to launch her new AI startup, World Labs. This latest venture aims to push the boundaries of AI by focusing on “spatial intelligence,” a field dedicated to understanding and interacting with three-dimensional environments. The startup’s initial funding round saw…
Onsurity, a leading employee healthcare platform, has successfully raised $45 million in a Series B funding round led by private equity firm Creaegis. This latest round saw contributions from existing investors, including the International Finance Corporation (IFC), Quona Capital, and Nexus Venture Partners. This marks the conclusion of a funding process that began with an initial tranche raised…
Global venture capital firm Accel has unveiled its latest pre-seed scaling initiative, Accel Atoms 4.0, with plans to invest up to $1 million in selected start-ups. The program, which opens for applications on September 16 and closes on November 17, will focus on two key areas: artificial intelligence and start-ups targeting the Indian market, or ‘Bharat.’
Accel Atoms 4.0 will provide funding…
Centricity, an innovative wealth-tech startup, has raised $20 million in its latest seed funding round, valuing the company at $125 million. This round, spearheaded by Lightspeed, will be instrumental in scaling Centricity’s operations and advancing its technology. The company plans to double its tech team from 75 to over 150 specialists, focusing on generative AI, insure-tech, and…
Playbook Partners Secures $130 Million in Initial Close, Targets $250 Million with Green Shoe Option
Playbook Partners, a Growth Capital (GC) firm, has successfully raised over $130 million in its first close within just four months. This significant capital influx comes from a diverse group of global investors spanning Europe, the US, the Middle East, and India.
With the green shoe option available, Playbook Partners aims to expand the fund to a total of $250 million. The firm plans to invest in…
In a significant move for India’s venture capital landscape, Vikas Choudhary, the former president of Jio, has launched his new investment firm, Playbook Partners. The firm has successfully completed the first close of its inaugural fund, securing $130 million (approximately INR 1,091 crore) out of its targeted $250 million (approximately INR 2,099 crore). This achievement comes within just four…
