Future Supply Chain Solutions announced that it will fully acquire e-commerce giant, Snapdeal’s primary logistics arm Vulcan Express in a Rs 35 crore all cash deal. “Through Vulcan, we plan to boost our last mile capabilities and also offer state of the art solutions to our e-commerce and retail clients , including realising our disruptive […]
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The American automaker Ford Motor Co announced on Thursday its acquisition of Autonomic Technologies Inc and TransLoc Inc for undisclosed sums. The acquisition is a part of Ford’s broader agenda to expand into the ride services and transport businesses. As per a statement released by Ford, Sunny Madra CEO of Autonomic Technologies Inc will join […]
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Bengaluru-based early stage venture capital firm, 3one4 Capital announced that it has raised Rs 250 crore for its second fund thereby surpassing its initial expectations. According to a statement released by the firm, the round witnessed participation from prominent investors like Reliance Ventures, Narayana Murthy and Nandan Nilekani (Co-founders of Infosys), Ranjan Pai (CEO of […]
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Mumbai-based lending startup, NeoGrowth Credit Pvt Ltd., focused on small and medium businesses, has received $47 million in the recent funding round, according to a statement by the startup. The fintech startup’s platform uses and explores data combined with technology to provide loans for retailers. Retailers then pay back the loan based on future sales […]
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A digital life insurance startup, Anorak Technologies, has raised seed funding with the purpose of creating partnerships to grow its online platform. The company has turned the process of obtaining life insurance, from finding and comparing policies to helping clients understand them and signing them up, into an online experience using data science and machine […]
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