Insight

Mela Ventures, a well-known venture capital firm, has named R Kalyan Sundar as its new Head of Finance and Legal.

C5i, an AI & Analytics firm, has added Dr. Ananth Raman, who holds the position of UPS Foundation Professor of Business Logistics at Harvard Business School, to its Strategic Advisory Board (SAB).

Amazon Web Services (AWS), a leading global cloud corporation, has chosen 24 space technology entrepreneurs to take part in the AWS Space Accelerator program.

Edtech startup upGrad has secured Rs 287.5 crore (about $35 million) in funding from EvolutionX. This marks the initial debt financing for the Mumbai-based company in the current year.

KarmaCheck, a business specializing in background checks, has successfully raised $45 million in a funding round. The funding was led by Parameter Ventures and the company is headed by Eric Ly, one of the co-founder of LinkedIn.

Neo San, a startup specializing in clean technology, has successfully raised $1.5 million in a seed fundraising round, resulting in a post-money valuation of $7.2 million.

The Proximus Group, which is the parent company of Route Mobile, a communications services provider in India, has entered into a five-year strategic relationship with Microsoft.

Autocracy Machinery, a startup specializing in machine manufacture, has successfully secured Rs 5 crore in a seed funding round. The funding was led by Venture Catalysts, with additional participation from Nikhil Jaisinghani, Bharat Jaisinghani, and SFour Capital.

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Celebal Technologies, an IT services provider supported by Norwest Venture Partners, has secured an undisclosed amount of debt from BlackSoil, an alternative lending platform.