Team VS

Debjani Ghosh has resigned from her position as President of the National Association of Software and Service Companies (Nasscom), and Rajesh Nambiar is expected to take over as her successor.

Acadru, a SaaS startup based in Gurugram, has secured $500,000 in funding from AIG Direct LLC and other investors.

Online lending platform Axio (previously Capital Float) collected Rs 167 crore ($20 million) from current investors via the right issue.

Bluelearn, a social learning platform, has announced the cessation of its activities due to difficulties in achieving rapid growth. The recently established company would distribute 70% of the funds it acquired to its shareholders.

Efficient Capital Labs, a B2B SaaS company specializing in revenue-based financing, has successfully raised $11 million in Series A fundraising.

Tech Mahindra, a leading global provider of technology consulting and digital solutions to enterprises across industries, and Google Cloud.

Hangyo, the ice cream brand, has secured funding of $25 million (about Rs 200 crore) from Faering Capital.

InvestorAi, an equity investment platform, has successfully secured Rs 80 crore (about $10 million) in a Series A funding round led by Ashish Kacholia, the founder of Lucky Investment Managers, along with his friends.

Revrag, a business specializing in B2B sales, has secured $600K in a pre-seed investment round.

E2E Networks, a cloud provider specializing in AI, has successfully raised INR 420.5 Cr (about $50 Mn) through a strategic investment by issuing equity shares.