Insight

Channel Factory, a global technology and data platform specializing in video ad placement on social platforms, has onboarded DDB Mudra Group’s Chirag Bhatia as its Managing Director- India.

Battery Smart, a business focused on battery technology, has raised $65 million in a Series B financing headed by LeapFrog Investments. Both new and old investors, such as Panasonic and MUFG Bank, participated in the equity round.

L&T Technology Services Limited and the Indian Institute of Technology Hyderabad (IIT Hyderabad) have announced a collaboration aimed at fostering industry.

Aaditya Fatehpuriya and Raghav Goyal made an appearance in Episode 10 of Season 2 of Shark Tank India. They demanded INR 50 lakhs for 3.3% equity at a valuation of 15.2 crores.

Together, UNICEF and Blockchain for Impact (BFI) will improve health systems to support the Indian government's efforts to achieve Universal Health Coverage.

The on-demand English coaching platform Clapingo has secured an unknown sum from prominent investors, such as writer and comedian Biswa Kalyan Rath, Shopclues and Droom founder Sandeep Aggarwal, and Appurv Gupta.

Sabine Hospital and Research Centre has secured $50 million in funding from CX Partners - a private equity fund in the Indian mid-market with a long track record of delivering returns through cycles and a consortium of investors. 

Micro venture capital (VC) firm Finvolve, sponsored by India Accelerator, has contributed $1 million to the seed fundraising round for the Indian division of Swedish electric vehicle (EV) manufacturer Clean Motion.

The parent company of Paytm, One97 Communications, revealed on June 10 that it is implementing a restructuring plan that includes the layoff of an unspecified number of employees.

[Funding News] Taisys Invests USD 7.2 Million in ATrack Technology Inc to Boost Automotive Intelligence in India