ABB has invested an undisclosed sum in IIT-Madras incubated Bengalaru-based startup, Stellapps Technologies, through its venture capital unit, ABB Technology Ventures (ATV). This is ATV’s first investment in India. The Bengaluru-based startup is building automated tools leveraging Internet of Things (IoT) and advanced analytics to improve milk production and quality for the country’s dairy farms, collection centres and processors.
Last Month's Deals
Private equity giant KKR‘s Indian non-banking financial company, KKR India Financial Services (KIFS) is partnering with business advisory firm Tranzmute Capital & Management to provide business management and transformation services to Indian companies in addition to restructuring and turnaround services to stressed companies.
Accion Venture Lab and YourNest along with a few other prominent angels have jointly invested $1.3 million (Rs.9 cr.) in the Hyderabad-based fintech startup CredRight. CredRight would be using the funds towards onward lending with NBFCs or banks, strengthen AI or ML credit algorithm, further enhancement of tech platform, expand reach to more than 25 cities or towns as well as towards hiring & building a world-class team.
Gurugram-based online lending startup for salaried individuals and business professionals has raised $10 million in a Series B funding round led by Sabre Partners. The startup will use the fresh capital to enhance its credit underwriting algorithm, expand to new markets, and develop its technology base.
Cytecare Hospitals Private Limited, a cancer hospital in Bangalore, announced the closure of its $31 million Series A round, including participation from Goldman Sachs, a leading global investment bank and active investor in India. The investment will be used towards a long-term growth strategy focused on establishing an oncology franchise across four to five cities throughout India.
Subscribe to Breakfast Deals – our daily newsletter
* = required field