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Last Month | NRS
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Last Month's Deals

Deals

ABB invests undisclosed sum in IIT-incubated startup through its VC fund

Date posted: Friday 1 June 2018

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.

(Business Standard)



CredRight raises $1.3 million Pre-Series A funding from YourNest And Accion

Date posted: Friday 1 June 2018

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.

(Inc42)



Cytecare Hospitals raises $31 million from Goldman Sachs, others

Date posted: Friday 1 June 2018

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.

(Business Standard)





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