ETtech
Illustration: Rahul Awasthi
Logistics SaaS (software-as-a-service) startup FarEye has raised $100 million in a Series E round led by global venture capital fund TCV and Dragoneer Investment Group. TCV recently invested in Indian online fantasy gaming startup Dream11 while Dragoneer has also invested in edtech startup Unacademy. FarEye’s existing investors Eight Roads Ventures, Fundamentum and Honeywell also participated in the round, the company said. The new funding also includes a minor debt-raise but the company did not disclose the amount.
This funding comes in less than a year after the company
raised around $37 million from investors such as Microsoft Venture fund, Eight Roads, Elevation Capital and Honeywell. The new capital will be used to expand its software platform capabilities, drive expansion in Europe and North America, and explore inorganic growth opportunities.
[Funding alert] Qapita raises $5M in pre-Series A round led by MassMutual Ventures
SaaS startup Qapita will use this round of funding for product development and market expansion
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has raised $5 million in a pre-Series A round of funding led by MassMutual Ventures.
The round saw participation from Endiya Partners and angel investors such as Udaan co-founder Sujeet Kumar, and Anjali Bansal, founder of Avaana Capital.
This pre-series A round also saw participation from existing investors Vulcan Capital and East Ventures along with angel investors who participated in the seed round in September 2020.
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According to a statement, this fresh funding will be used by Qapita to add engineering talent, accelerate product development and build clientele in India, Indonesia and Singapore.
BitNinja Won 14 International Cybersecurity Awards in the First Quarter of the Year
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6th Annual Cybersecurity Excellence Awards
BitNinja Won 14 International Cybersecurity Awards in the First Quarter of the Year (PRNewsfoto/BitNinja)
The Cybersecurity Excellence Awards honor individuals and companies that demonstrate excellence, innovation, and leadership in information security. Based on the strength of their nomination and the popular vote of members of the Information Security Community (both ratings and comments), they announced the winners in March for the Cybersecurity Excellence Awards in four main categories: company, product/service, professional, and industry solution. We congratulate
This bootstrapped SaaS startup helps SMBs build apps without prior coding knowledge
Founded in 2015 by Abhinav Girdhar, Appy Pie is a Noida-based SaaS startup that helps small businesses build apps and products with no prior coding knowledge.
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As a tech enthusiast, Abhinav Girdhar was always intrigued by the use of technology in the growth of businesses.
However, a graduate of information systems engineering from the University of Westminister, he couldn’t help notice that some of the most brilliant business ideas wouldn’t see the light of the day due to the lack of access to technology.
[Funding alert] Impact Analytics raises $11M in growth financing round led by Argentum Capital Partners
SaaS startup Impact Analytics provides AI-driven solutions that optimise merchandising for the retail industry. Its solutions are deployed at leading retailers, including Calvin Klein, Tommy Hilfiger, Puma, JoAnn, and Belk.
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$11 million growth financing round led by New York-based growth equity firm
Argentum Capital Partners.
Aarin Capital a joint venture founded by
TV Mohandas Pai and Ranjan Pai.
Impact’s technology platform powers SaaS solutions aimed at optimising the
forecasting, planning, and merchandising functions for retailers and consumer packaged goods (CPG) manufacturers. The startup claims that these sectors rely on spreadsheets and legacy manual systems for key decisions, and they have an opportunity to increase sales and margins by utilising Impact s solutions.