The US-based coding talent evaluation platform HackerRank has raised $30 million in Series C funding led by JMI Equity. The funding will be used to accelerate its growth in the enterprise, expand and support its growing community of more than 3.4 million developers, and advance its data science research and development.
WPP’s GroupM, the global media investment group has agreed to acquire digitally-led creative agency The Glitch in India. This acquisition will demonstrate the company’s growth plans in a technology-driven communication market. The Glitch will continue to operate as an independently positioned brand, while taking advantage of GroupM’s larger infrastructure and agency ecosystem.
Mumbai-based fintech startup MoneyOnMobile has raised $5 million in Series H funding from Russia-based private aviation and aerospace holding company S7 Group. The development comes just two weeks after the startup secured $7.6 million Series F funding from undisclosed investors. The capital infusion will enable MoneyOnMobile to drive growth across its range of products.
Mumbai-based online car rental platform Drivezy has raised $5 million from its first round of initial coin offering (ICO). An Initial Coin Offering is an unregulated means of raising money from potential investors using crypto currencies such as Ethereum, Bitcoin and others.
Pandorum Technologies, a biotech startup which 3D print tissues, has raised $3.6 million (approx Rs. 23 cr.) in a series A round from Indian Angel Network Fund, 021 Capital, 500 Startups and the Karnataka government backed Karnataka Information Technology Venture Capital (KITVEN) fund. Pandorum will use the money to scale up operations, hire talent and deepen research and development.
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