California, 25th Dec, 2022: World’s leading social media platform Facebook has agreed to pay $725 million to settle a lawsuit alleging that facebook allowed sharing of millions of its users’ personal information to Cambridge Analytica. Terms of the settlement reached by Meta Platforms, the holding company for Facebook and Instagram, were disclosed in court documents […]
Cambridge Analytica boss Alexander Nix banned for seven years from Holding Company Directorships after allegedly offering potential clients unethical services.
Started in 2015, Rapido, a bike-taxis riding platform raises over $54 Million funding From Westbridge & others.
Digital Lending and Data Analytics platform Biz2Credit raises $52 Million from WestBridge Capital to expand its business.
Online interior design platform DesignCafe has raised funds amounting to Rs 200-crore equity-financing round. This round was led by home-grown private equity firm WestBridge Capital. The transaction marks a rare venture capital-style investment by WestBridge which has so far largely preferred to place public market-focused bets. Funds from the investment will be used by DesignCafe to expand its footprints […]
The popular IT services company TCS has reportedly acquired a consulting firm specializing in retirement services known as BridgePoint Group. The financial details of the deal have not been disclosed. The company stated that the acquisition would boost its financial services and insurance domain knowledge, particularly in the area of US retirement services. “The US retirement […]
SparSkills Technologies, the owner and operator of online poker platform 9stacks has raised funds amounting to Rs 28 crore in Series A funding round. This particular round was led by early-stage venture capital firm, WaterBridge Ventures. The funds raised through this funding round will be used by the company to expand its team, and further build its technology platform. Prior […]
Health and fitness startup Cure.fit today said it has raised USD 120 million funding (Rs 824 crore) in new round of funding led by IDG Ventures, Accel Partners and Kalaari Capital. The series C round funding also saw participation from Chiratae Ventures and Oaktree Capital, Cure.fit said in a statement. “The fresh investment will enable […]
SigTuple, an AI-based healthcare startup has raised 19 million i.e approximately Rs. 130 crores in a Series B round led by IDG Ventures and Accel Partners. The investment round also saw participation from pi Ventures, Flipkart’s executive chairman Binny Bansal, Endiya Partners, Axilor Ventures. The Bengaluru-based company plans to use the funds in the expansion […]
IndiQube, a workspace solutions provider has raised USD 15 million in its Series A funding round led by WestBridge Capital. The investment also witnessed participation of Ashish Gupta, co-founder of Helion Ventures. Notably, the funding marks the first external round for the company where the funds shall be used for company expansion to cities like […]
Global Investment Company Temasek and Singapore’s Ascendas-Singbridge are looking forward to investing Rs. 2000 crore in India’s industrial real estate and logistics sector. It is interesting to note that Ascendas-Singbridge has launched an “Ascendas India Logistics Programme” which has Temasek as its principal investor. Speaking of the latest development, Ascendas said in its official statement, […]
Zodius capital, a tech-oriented investment firm has elevated its stake in Zivame, which is a lingerie retailer by purchasing shares of the early backers of the lingerie startup named Kalaari Capital and IDG Ventures that invested in Zivame in early 2012. According to the reports, the funding agency now controls almost 45% in Zivame. It […]