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VC funding for tech

Tiger Global hit by $17 bn in losses in tech rout, Financial Times reports

New York-based Tiger Global has been hit by losses of around $17 billion during this year’s technology stock selloff, the Financial Times reported. Tiger Global, one...
Dollar spending on technology

Publicis buys e-commerce software company Profitero for $210 mn

French advertising company Publicis is set to acquire Profitero, a global e-commerce software platform, in a deal worth 200 million euros ($210.58 million). Profitero, which...
Dollar spending on technology

Indian grocery startup Zepto raises $200 mn in VC funding

Indian grocery startup Zepto has raised $200 million in fresh funding that values the company around $900 million. Zepto’s latest funding round was led by...
VC investment in Q1 2022

Venture capital funding dips 16% in Q1 2022 to $195 bn: GlobalData

The global venture capital (VC) investment fell 16 percent quarter-on-quarter to $195 billion in Q1 2022, according to GlobalData. North America accounted for around $95...
Job cut in Swiggy and Zomato

UrbanPiper raises $24 mn led by Sequoia Capital and Tiger Global

Restaurant management platform UrbanPiper has raised $24 million led by existing investors Sequoia Capital India and Tiger Global, and new investors Swiggy and Zomato. UrbanPiper...
Alkami

Alkami selected to overhaul Mascoma Bank IT systems

Banking sector is aggressively moving to innovative IT solutions, driven by the need to better integrate business units, drive innovation, enhance security and build...
Instoried CEO Sharmin Ali

Instoried secures $200 mn commitment from GEM Global

Instoried has secured $200 million commitment from global investment group GEM Global Yield to expand operations globally and develop artificial intelligence (AI)-based content generation...
VC funding for tech

Elevation Capital’s $670 mn VC fund targets early-stage startups

Venture capital firm Elevation Capital announced its eighth $670 million fund for early-stage startups in India. Elevation Capital has invested almost $2 billion of capital...
DriveU.auto

Brookfield to buy automotive software maker CDK Global for $6.4 bn

Brookfield Business Partners has agreed to buy CDK Global, a provider of software to auto dealers and manufacturers for $6.41 billion in cash. CDK Global has...
Dollar spending on technology

HR platform Remote raises $300 mn led by SoftBank

Human resources technology platform Remote has raised $300 million in a funding round led by SoftBank Vision Fund 2. Other investors in the series C...

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