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Article on April 20, 2023

Fortis Acquires VPS Group's Medeor Hospital For Rs 225 Cr

The acquisition will allow the hospital chain to provide services to patients in the emerging districts of New Gurgaon, Dwarka Motorway, and IMT Manesar.

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Startup EcoSoul Home Raises $10 M In Series A Round Led By Accel

At present, Accel is backing other Indian startups such as Flipkart and SaaS unicorn Freshworks. Till 2023, Accel has invested in about 86 unicorns across the world

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InsuranceDekho Onboards Kuldeep Trivedi To Accelerate Insurance Penetration

The company has acquihired the entire team of IRSS, a firm that manages a network of insurance agents, including its founder Kuldeep Trivedi to expand its distribution network and gain a foothold in the important insurance market of western India

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Social Media Platform Koo Laid Off 30% Of Its Workforce: Report

According to the media reports, Koo had raised funds at a valuation of USD 273 million last year. It has Accel and Kalaari Capital among its investors

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Aereo Receives Incentives From MoCA Under Drone-Based PLI Scheme

Aereo is one of six drone manufacturers to receive the incentive under the PLI scheme. MoCA has disbursed an amount of Rs 30 crore to 12 beneficiaries for the fiscal year FY 2022-2023

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DLF Family Office, Anthill Ventures, Gruhas Proptech To Co-Invest In Proptech Startups

The first cohort of the program; out of the seven companies in cohort 1, five have closed a round of funding and the remaining two are in the process of closing a round

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Silicon Valley 5G Chip Startup EdgeQ Closes $75 M Funding In Series B

The startup plans to use the funding to ramp up production of its 5G 'Base Station-on-a-Chip'

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Nextiva Acquires AI Platform Simplify360 For Undisclosed Amount

The acquisition of India-based Simplify360 opens the door to the Asia-Pacific market for Nextiva as the company expands to support more businesses globally

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Bengaluru-based AI Startup Cognecto Bags Rs 4 Cr In Seed Round Led By IPV

Cognecto has a global presence on four continents Asia, Europe, Australia, and Africa serves several heavy industries,

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ESG-Led Investments Double With $7.9 Bn To Reach 13% In 2022

ESG emerged as a breakout theme in 2022, with investments in clean energy and EV accelerating to reach USD 7.9 billion, accordingly to Bain & Company’s annual ‘India Private Equity Report 2023’

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