San Francisco-based Noded secured $4 million in funding led by Boldstart Ventures, with participation from Bessemer Venture Partners, 20VC, and First Hand Ventures. Led by CEO Chris Port and CPO Steve Wood, Noded offers technology for managing tasks, notifying users of important changes, and creating knowledge graphs.
Google Partners with ElectricPe to Enhance EV Charging Experience in India
Google has partnered with ElectricPe to improve the EV charging experience in India. Google Maps and Google Search users can now view real-time availability and status of charging points. ElectricPe, founded in 2021, operates over 25,000 public chargers in Bengaluru and has raised $8.29 million.
Go Digit General Insurance’s Q1 FY25 Financial Performance
Go Digit General Insurance saw an 8% drop in net premium revenue to Rs 1,824 crore in Q1 FY25. Despite this, their gross premium was Rs 2,660 crore. Profits rose by 90.6% to Rs 101 crore, reflecting cost control efforts.
Leap Finance in Talks to Raise $70-100 Million, Eyeing Unicorn Status
Leap Finance, a fintech platform aiding Indian students with overseas education, is in discussions to raise $70-100 million in a new funding round. This Series E round could make Leap a unicorn. The firm last raised $75 million in Jun-2022, led by Owl Ventures.
Waycool Lays Off Over 200 Employees Amid Profitability Push
Agriculture supply chain firm Waycool has laid off over 200 employees across departments in its third round of layoffs. This move aims to simplify and automate roles as the company strives for profitability. Previous layoffs occurred in July 2023 and February, affecting more than 370 employees.
Santa Clara’s AI Platform Acquires Raytion for Enhanced Enterprise Knowledge Management
Santa Clara-based AI platform provider acquired Germany’s Raytion, an information retrieval technology company. Raytion, led by CEO Valentin Richter, offers GenAI-powered search and knowledge management for cross-enterprise data integration. Since 2001, Raytion has implemented large-scale solutions for Global 500 companies worldwide.
Covrzy Granted Direct Broking License by IRDAI
Bengaluru-based insurtech startup Covrzy has received a direct broking license from IRDAI, enabling it to offer comprehensive business insurance solutions in India. Founded by Ankit Kamra and Veera Thota, Covrzy raised $400K in pre-seed funding and serves over 500 clients, including Redcliffe Labs and Karboncard.
Thyrocare Acquires Polo Labs’ Pathology Diagnostic Business
Thyrocare has acquired Polo Labs’ pathology diagnostic business to expand into Northern India. Thyrocare, acquired by API Holdings for $613M in 2021, aims to enhance diagnostic capabilities. Polo Labs operates 14 labs in Punjab, Haryana, Himachal Pradesh, and Jammu & Kashmir. Founded by Arokiaswamy Velumani, Thyrocare serves over 2,000 cities worldwide.
Nasher Miles Raises $4 Million in Bridge Round to Series A
Digital-first luggage brand Nasher Miles has raised $4 million from investors, including Singularity Early Opportunities Fund and others, at a $30 million post-money valuation. The funds will support omnichannel expansion, aiming for 1,000 multi-brand outlets and 3-5 exclusive stores, and boost domestic manufacturing to 75% by December 2024.
CRED Launches Financial Management Platform CRED Money
Reward-based payments platform CRED has launched CRED Money, a financial management platform that consolidates balances and transactions from multiple bank accounts, wallets, and UPI IDs. Built on the account aggregator framework, it enables secure, encrypted sharing of financial information and helps users track investments, recurring payments, and spending patterns.