BUSINESS
SaaS firm Kovai.co appoints Andrew Cloke as new COO
Kovai. co is a Coimbatore and London-based SaaS firm that offers enterprise software products for the Microsoft ecosystem. It counts ABB, Biocartis, Vodafone, Whatfix, and Toyota among its clients.
BUSINESS
Bengaluru floods: Residents may have to cough up crores to fix drowned homes, cars
With the ground floor submerged, it will take about three months for the homes to be fixed, while many of the cars may have to be written off for good.
BUSINESS
SaaS firm Netradyne bags $65 million in debt financing from SVB
The firm plans to utilise the funding to help scale up Netradyne’s business momentum, further development of its industry-leading product suite, and global corporate expansion.
MCMINIS
What’s causing floods in Bengaluru?
BUSINESS
Investments in EV cell manufacturing to reach Rs 70,000 crore by 2030: ICRA
The ability of battery manufacturers to enter into agreements/alliances with players across the value chain to mitigate these risks, coupled with the creation of a robust framework for recycling would remain key.
BUSINESS
MC Exclusive | A new SaaS war: Accel-backed BrowserStack Vs Sequoia-backed LambdaTest face off
In the heat and dust of competition, LambdaTest faces charges of trying to gain unethical access to BrowserStack’s IPR and sensitive client data
BUSINESS
Freshworks appoints Dennis Woodside as new president for heading global operations
Woodside’s role will specifically focus on executing the global strategies of Freshworks and making sure that the company’s GTM is aligned, Mathrubootham said.
BUSINESS
Kula raises $12 million in seed funding led by Sequoia, Square Peg
The firm plans to utilise the funds towards expansion of Reasearch and Developement, product and go-to market teams across the three offices in US, Singapore, and India.
BUSINESS
MC Explains | What is JioAirFiber and how does it work?
Jio demonstrated one of AirFiber’s capabilities, where users will be able to watch a live IPL match with multiple camera angles in ultra HD at the same time. Users can also dynamically switch between the camera angles.
BUSINESS
SaaS Unicorn LeadSquared eyes IPO in next three years
“We are on the path of building a $200 million company in the next three-four years and there will be I think two-three more rounds of fundraising…when we have the line of sight for $200 million we will think about an IPO as well,” said cofounder and chief operating officer Prashant Singh
BUSINESS
Privado raises $14 million in round led by Insight Partners and Sequoia Capital India
The startup plans to utilise the funding to enhance and develop Privado’s technology stack, build out the team and grow its open-source community.
BUSINESS
Meet the 15 startups that are part of Sequoia Surge’s seventh cohort
Nearly half of the companies were pre-launch when Surge partnered with them.
BUSINESS
Sequoia's Surge announces seventh cohort of 15 startups raising $41 million
Surge startups have collectively raised over $1.7 billion in follow-on funding, with over 60 percent of companies from the first five cohorts raising their series A and beyond
BUSINESS
SaaS Wars: Will Google Workspace and Microsoft 365 price increases be Zoho’s gain?
Zoho saw 130-150 percent jump in monthly migrations from Google since the hikes were rolled out.
BUSINESS
VCs welcome SEBI's new guideline on overseas investments
These relaxations will help Indian funds be more competitive compared to global peers and bring in better geographical diversity to their portfolios.
BUSINESS
Sebi joins RBI's Account Aggregator framework to ease access to financial information
AAs are licensed by the RBI to enable the flow of data between Financial Information Providers (FIPs) and Financial Information Users (FIUs). The user has to give consent on what data can be shared.
BUSINESS
HyperTrack bags $25 million funding led by WestBridge Capital
The firm is planning to utlise the funds towards building its product and expanding its global engineering teams as it further pursues technology leadership.
BUSINESS
Stride Ventures closes Fund II, demand for debt capital on the rise
The amount of debt disbursed through venture debt in India doubled in 2021 to $538 million from $271 million in 2019, according to Stride Ventures’ recent India Venture Debt Report 2022.
BUSINESS
Venture debt marketplace 8vdx to offer cross-border loans to startups
Startups can obtain venture loans through an intuitive interface and choose to repay in their local currency, including the British pound, the Singapore dollar and the Australian dollar.
BUSINESS
Exponent Energy raises $13 million in Series A funding led by Lightspeed
The Bengaluru-based startup plans to use the funds to scale up EV charging infrastructure e-pump network to 100 location points per city and also plans to streamline its battery pack offering
BUSINESS
SBI opens branch dedicated to startups in Bengaluru
Besides banking services, SBI is planning to house specialist officers for forex, treasury solutions, wealth management and credit needs of startups.
BUSINESS
Ola Electric unveils new electric two-wheeler Ola S1, set to launch electric cars by 2024
Ola Electric is also launching around 100 hypercharge units across India starting November 2022 to aid its new two-wheeler and four-wheeler launches.
BUSINESS
Bootstrapped SaaS firm Kovai.co mulls fundraise in next 18 months
If the firm's new products, Document360 and the customer success product Churn360, pick up at a faster pace and add more to the revenue, Kovai.co will postpone the timeline to actively look for an external investor
BUSINESS
SaaS firm CleverTap raises $105 million in series D funding round
As part of the transaction, CDPQ will be invest around $75 million and join CleverTap’s Board of Directors upon closure of this funding round
