Insight

Polymatech Electronics, an opto-semiconductor chip manufacturer headquartered in Chennai, is committed to investing $16.2 million (approximately Rs 136 crore) in Bahrain as part of its strategy to invest over $100 million in the Gulf nation by 2027, according to senior company officials.

Unicorn India Ventures has provided preliminary funding to Venttup, a pioneering Industries 5.0 startup that is dedicated to the development of a global network of scalable engineering and capacities, with India serving as its epicenter.

Sweet Nectar Investments (Warburg Pincus) and SoftBank have led the primary and secondary financing of Whatfix, a provider of digital adoption solutions that is SaaS-based.

Infosys, a global leader in next-generation digital services and consulting, today announced its partnership with the Life Insurance Corporation of India (LIC), the largest life insurance company in India, to lead its digital transformation initiative, DIVE (Digital Innovation and Value Enhancement).

Northern Arc Capital, a non-banking lender headquartered in Chennai, has received Rs 229 crore from prominent anchor investors in anticipation of its forthcoming initial public offering (IPO).

Pushkaraj Bidwai has been appointed as the chief executive officer (CEO) and a board member of People Matters. Ester Martinez, the founder and former CEO, is stepping down after 15 years to pursue personal interests. Bidwai, who was previously the chief business officer, will succeed her.

List of Unicorn Startups in India 2024. BillDesk, Dream11, Zerodha, Zoho, EaseMyTrip, Gupshup, Infra.Market, Shiprocket, Mamaearth, and Nykaa are the Top 10 Unicorn Startups in India 2024.

Moneyboxx, a lending technology startup that has been listed, intends to raise INR 176 Cr (approximately $20.9 Mn) through the issuance of equity shares on a preferential basis and warrants.

Zee Media Corporation announced that Rajesh Sareen has been appointed as Chief Revenue Officer, effective September 11, 2024.

The non-code mobile development platform, Apptile, has recently received $1.2 million in additional financing, bringing the company's total funding to $3.7 million.