Valar Ventures-backed Simpl lays off 100 employees, sets timeline to turn profitable
Valar Ventures-backed buy-now-pay-later platform Simpl has laid off nearly 100 employees across verticals as part of cost-cutting measures, people aware of the development told VCCircle. Simpl, which had nearly 650 employees before the layoffs, said that the efforts will enable it to accelerate its journey towards profitability and build a ......
Myelin Foundry, Atomgrid secure early-stage funding
Deeptech startup Myelin Foundry and chemical manufacturing firm Atomgrid secured early-stage funding, the companies said on Wednesday. Myelin Foundry Myelin Foundry has raised $4 million (Rs 33 crore) in a funding round led by SIDBI Venture Capital Ltd and saw participation from existing investors Endiya Partners, Pratithi Investment Trust and Subh Labh. The fresh ......
Medu Capital’s managing partner on exits, new fund, IRR and more
Johannesburg-based private equity firm Medu Capital aims to exit its third investment vehicle by the end of 2025, 11 years after the fund’s close, according to a top executive of the company. South Africa’s most active PE firm deployed its $60 million third fund in eight companies, including security technologies services ......
Verlinvest's venture capital arm V3 eyes stake in local kitchenware startup
V3 Ventures, the venture capital arm of Belgian investment company Verlinvest and a backer of several homegrown direct-to-consumer brands, is in advanced stages of talks to invest in an Indian cookware brand, two people aware of the development told VCCircle. V3 Ventures, an investor in companies like audio content platform Kuku ......
Peak XV Partners-backed AI startup Atlan raises $105 mn
Atlan said on Wednesday it had raised $105 million in a funding round led by Singapore's sovereign wealth fund GIC and tech investor Meritech Capital that valued the artificial intelligence startup at $750 million. WHY IT'S IMPORTANT Top technology companies are racing to build AI into their products and services. Startups catering ......
Parseable, four others raise early-stage funding
Analytics platform Parseable, luggage maker Icon, software-as-a-service (SaaS) startup Knit, gourmet grocer Landcraft Retail and fleet management startup trackNOW secured early-stage funding, the companies said on Tuesday. Parseable Bengaluru-based Parseable has raised $2.75 million (Rs 23 crore) in a seed funding round, led by Peak XV Partners’ early-stage-stage accelerator program Surge. The round ......
Quadria Capital to invest $102 mn in India’s leading dialysis chain
Healthcare-focused private equity firm Quadria Capital Monday announced an investment of Rs 850 crore ($102 million) in India’s largest dialysis services provider, NephroPlus, securing a “significant” minority stake through a mix of primary and secondary transactions. VCCircle first reported that Nephrocare Health Services Pvt Ltd, operating as NephroPlus, is in line to receive substantial funding from Quadria ......
Banxso's Technological Vanguard: Steering India Towards a Tech-Enabled Financial Future
In the rapidly evolving global financial landscape, technological innovation emerges as a pivotal force driving change. At the forefront of this shift is Banxso, a South African FX & CFD brokerage that has positioned itself as a leader in the technological upheaval reshaping the financial sector. Banxso's technological strides are ......
Shell in talks to sell its Malaysia fuel stations to Aramco
Energy giant Shell is in talks with Saudi Arabia's state-owned Saudi Aramco to sell its gas station business in Malaysia, the second-largest such network in the country, four industry sources aware of the discussions said, and a deal could be worth up to $1 billion. Shell declined to comment on the talks but ......
How agritech platform Ecozen was valued after its latest funding round
Agritech and agri infra-focussed startup Ecozen raised $30 million (Rs 250 crore) last month in a mix of debt and equity from existing investors, including asset management firm Nuveen. It also raised debt from the InCred Credit Fund and the US International Development Finance Corporation (DFC). Joining the funding round now ......
