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IIT-M startup Detect Technologies raises $12 m

IIT-M startup Detect Technologies raises $12 m © Provided by The Times of India Chennai: IIT-Madras incubated industrial AI startup Detect Technologies has raised $12 million in funding in a round led by Accel with participation from existing investors Elevation Capital, Bharat Innovation Fund,BlueHill Capital, and Axilor Ventures. Venture debt fund Stride Ventures also participated. The startup said it will utilize this capital to further expand and strengthen its sales and operations teams...
United States Tamil Nadu Daniel Raj David Adani Group Tata Steel Bharat Innovation Fund
Source: msn.com

Detect Technologies gets $12 million funding from Accel, others

Detect Technologies gets $12 million funding from Accel, others SECTIONS Last Updated: Jun 30, 2021, 06:01 AM IST Share Synopsis Industrial AI startup Detect Technologies’ funding round comes at a time when it’s looking to grow its presence overseas to tap the rising demand for automation amid a pandemic. iStock Industrial AI startup Detect Technologies works with over 45 customers, including Shell, Tata Steel, ExxonMobil, Adani Group and Reliance Industries. Bengaluru:Industrial AI startup...
United States Daniel Raj David Barath Shankar Subramanian Adani Group Keiretsu Forum Bharat Innovation Fund

exotel ameyo merger: Exotel, Ameyo join forces to address cloud-based contact centre services

Synopsis The undisclosed Exotel-Ameyo merger deal will see investors representing 80% of shareholding in Ameyo exiting in cash, while CEO Sachin Bhatia and other ESOP holders in the company will get a stake in Exotel. Getty Images Ameyo and Exotel will continue offering their solutions in the market as is, but will create a new offering to help contact centre customers move their entire operations to the cloud. Bengaluru: Cloud telephony company Exotel and contact centre software provider Ameyo...
Sachin Bhatia Bishal Lachhiramka Ameyo Bhatia Shivakumar Ganesan Nayan Jain Forum Synergies

Jai Kisan, a fintech startup aimed at rural India, raises $30 million – TechCrunch

Jai Kisan, an Indian startup that is attempting to bring financial services to rural India, where commercial banks have a single-digit penetration, said on Monday it has raised $30 million in a new financing round as it looks to scale its business. Hundreds of millions of people in India today live in rural areas. Most […]
South Korea Kyonggi Do South Korean Arjun Ahluwalia Bharat Khata Ashish Dave

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Startup news and updates: daily roundup (May 31, 2021)

Digital payments and financial services firm  Paytm has received in-principle approval from the companys board to raise around Rs 22,000 crore through an initial public offer (IPO) during the October-December quarter this year, according to an industry source. The company is looking at an enterprise value of over Rs 2 lakh crore for the IPO. Rural fintech startup Jai Kisan has raised $30 million Series A funding led by Mirae Assets. Existing investors Blume Ventures, Arkam Ventures, ...
Employee State Insurance Corporation Ministry Of Labour Tanglin Venture Partners Incubate Fund Employee Provident Fund Organisation Mirae Asset Jai Kisan

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