The company intends to build out several SaaS applications and is poised to roll out its first two modules for revenue and accounts receivables by the end of the year.
India’s OfBusiness in talks to raise new funds at over $4.5 billion valuation
OfBusiness, an e-commerce startup that sells industrial goods and provides small businesses with credit, is in talks to raise a new round of funding at a valuation of over $4.5 billion, three sources familiar with those talks told me. If the talks materialize, it would be the fourth financing round OfBusiness will secure this year. […]
Google in talks to invest in Facebook-backed Indian social commerce Meesho
Google has held discussions to invest over $50 million in Indian social commerce startup Meesho, which recently secured $570 million in a financing round, according to a source familiar with the matter. The Android-maker, which has backed over half a dozen startups in India, has yet to make the investment in Meesho, according to another […]
Brex just signed a term sheet for $300M at a $12.3B valuation
Fast-growing fintech Brex has raised $300 million in funding that propels it to decacorn status, just six months after it was valued at $7.4 billion, according to people familiar with the deal. The sources, who wished to remain anonymous since the deal is not yet public (although a term sheet has been signed), said corporate […]
Enpal closes out Series C with $174M from SoftBank for tech to make it easier for homeowners to make the switch to solar energy
One of the gating factors for getting more homeowners to make the switch to solar energy has been that solar, as a business, is hard one to get right, with many a company failing when they’ve been unable to strike the right balance between the technology working as it should, provisioning services in a cost-effective […]
Spot AI emerges from stealth with $22M for a platform to draw out more intelligence from organizations’ basic security videos
Security cameras, for better or for worse, are part and parcel of how many businesses monitor spaces in the workplace for security or operational reasons. Now, a startup is coming out of stealth with funding for tech designed to make the video produced by those cameras more useful. Spot AI has built a software platform […]
EngFlow raises $3.7M seed to speed up compiling of large code projects
Over the years, applications have gotten bigger and bigger. Even a small company could be dealing with large libraries of open source code, making it time-consuming to pull the various pieces of a project together, package them up and compile them into a single program. This often creates a bottleneck for developers. EngFlow, an early […]
Alviere lands $70M in funding to help brands offer bespoke financial products and services
Alviere, an embedded finance startup that aims to help any brand deliver financial products and services to its customers and employees, announced today it has closed $70 million of new funding. In April, New York-based Alviere closed a $20 million Series A led by Viola Ventures and Viola Fintech, with the participation of CommerzVentures, Mitsubishi […]
FitOn pumps up its fitness platform with $18M in Delta-v Capital-led funding
Digital fitness and wellness company FitOn was created to provide 15- or 20-minute workouts aimed at getting people moving in whatever time they can make.
Plume raises $300M as it passes 1.2B devices in 35M homes using its smart WiFi service
Plume — a communications startup that partners with carriers to provide smart mesh WiFi to improve broadband connectivity in homes, and then offers other smart home services on top of that network — has been in the middle of a massive boom in its business fueled by the rapid uptake, use, and complete reliance on […]