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News on Medial
Times Internet veteran Gautam Sinha floats new AI startup to simplify contract management
Inc42
·
1y ago
Medial
Gautam Sinha, former CEO of Times Internet, has launched SimpleO.ai, an AI-powered startup that aims to simplify contract management for enterprises. Backed by investors including Satyan Gajwani of Times Internet and Sahil Barua of Delhivery, SimpleO uses generative AI to manage contract obligations, risks, audits, compliance, and governance for businesses. Sinha, who spent 15 years at Times Group, believes that simplifying contract lifecycles will contribute to the overall efficiency and success of organizations. This move adds to the growing trend of executives and founders launching new ventures in the Indian startup ecosystem.
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Lighthouse Canton floats innovation fund to bet on AI, other emerging technologies
VCCircle
·
1y ago
Medial
Singapore-based investment firm Lighthouse Canton has launched the LC GenInnov Global Innovation Fund, targeting global companies in emerging sectors such as artificial intelligence (AI), biotech and healthcare, robotics, and cleantech. The long-only fund aims to invest in around 30 to 40 companies, striking a balance between diversification, profitability, and valuation. The fund's investment team is led by Nilesh Jasani, a 30-year veteran of the markets and an expert in generative AI. Lighthouse Canton aims to identify innovation-led investment opportunities and leverage AI's transformative potential through the new fund.
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ISN Exclusive: Meesho’s Mohit Rajani quits as CPO; Prasanna Arunachalam to take over
IndianStartupNews
·
19d ago
Medial
Mohit Rajani, former Chief Product Officer of Meesho, has resigned less than a year after joining, following his predecessor Kirti Varun Avasarala's departure. Prasanna Arunachalam, a five-year Meesho veteran, steps into the role, bringing expertise in product management. Arunachalam, previously leading monetisation and content commerce, aims to advance Meesho's vision of democratizing internet commerce. Rajani, with a background in AI and major tech firms like Meta and Google, leaves amid Meesho's preparation for public market entry.
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Document Crunch Raises $9M in Series A Funding
Finsmes
·
1y ago
Medial
Atlanta-based AI contract platform provider Document Crunch has secured $9m in Series A funding. The round was led by Navitas Capital with participation from Zacua Ventures, Fifth Wall, Argonautic Ventures, and Ironspring Ventures. The funding will be used to expand the team and enhance contract compliance solutions for construction project teams. Document Crunch uses AI and machine learning to simplify construction contracts, identifying risk provisions and providing guidance throughout the project lifecycle. CEO Josh Levy highlighted the need to empower project teams and de-risk contract compliance.
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Investment bank Technology Holdings floats asset management operations
VCCircle
·
5m ago
Medial
Technology Holdings, a London-based investment bank with Vivek Subramanyam at the helm, has launched a new asset management arm, TH Global Asset Management, to focus on AIFs and hedge funds. This move marks Technology Holdings' expansion, now called TH Global Capital. Subramanyam, with over 24 years of investment banking experience and a robust transaction portfolio, will lead the new division. The firm specializes in sectors like technology services and healthcare across 13 countries.
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Piramal Alternatives invests ₹110 cr in Biodeal Pharmaceuticals
Livemint
·
1y ago
Medial
Piramal Alternatives, the fund management business of the Piramal Group, is investing ₹110 crore in Biodeal Pharmaceuticals Ltd, a contract development and manufacturing organization. The investment will be used to improve infrastructure, upgrade technology, and expand Biodeal's nutraceuticals manufacturing facility. Biodeal specializes in contract manufacturing nasal sprays for international and domestic pharmaceutical companies. The capital infusion will enable Biodeal to develop a new facility in compliance with USFDA accreditations and increase production capacity by three times. This investment is in line with Piramal Alternatives' commitment to provide flexible and value-accretive capital to support Biodeal's growth.
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SpotDraft raises $54 Mn in Series B round
Entrackr
·
5m ago
Medial
SpotDraft, a contract lifecycle management (CLM) platform, has raised $54 million in its Series B funding round led by Vertex Growth Singapore and Trident Partners. Xeed VC, Arkam Ventures, Prosus Ventures, and Premji Invest also participated in the firm’s new funding. With this, SpotDraft plans to invest in AI-driven products and expand its market presence. Previously, it raised $26 million in its Series A round in March 2023. SpotDraft provides contract management solutions for in-house legal teams which includes AI-assisted redlining, e-signatures, contract repositories, and third-party paper management. “We believe 2025 will be an inflection point for team SpotDraft,” said Shashank Bijapur, co-founder and chief executive officer. “Apart from market expansion and talent growth, we’re strongly committed to deepening the use of AI in the product to help legal teams unlock efficiencies and drive innovation.” With over 250 employees across its offices in Bengaluru and New York, SpotDraft is looking to further acquire key leadership talent in alignment with its growth strategy.
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SucSEED Venture Partners’ cofounder quits, says to build ‘something new'
VCCircle
·
6m ago
Medial
Dhiraj Kumar Sinha, cofounder of SucSEED Venture Partners, has exited the early-stage investment firm, which runs a blind pool angel fund and is establishing a venture capital fund. SucSEED has invested in companies such as SupplyNote, str8bat, We360.ai, ConsCent, and SportVot. Sinha plans to pursue a new venture following his departure.
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Internet providers have to start using this 'nutrition facts' label that breaks down fees
Business Insider
·
1y ago
Medial
The Federal Communications Commission (FCC) is requiring internet providers to provide customers with a clear breakdown of costs, fees, and internet speeds associated with their plans. Starting April 10, internet companies with more than 100,000 customers must display this information in a simple "nutrition facts" format at all points of sale. Smaller providers have until October to implement these labels. The labels must include details such as introductory rates, data allowances, contract terms, early termination fees, and links to network management practices and privacy policies. The goal is to help consumers make informed decisions when selecting internet service plans.
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Former Unacademy executive Vivek Sinha nets $11 Mn for his new Edtech Venture
Inc42
·
1y ago
Medial
Former Unacademy executive Vivek Sinha has raised $11 million in funding for his new edtech startup. The funding round included participation from Lightspeed Venture Partners, Matrix Partners, and angel investors such as OYO CEO Ritesh Agarwal and Unacademy CEO Gaurav Munjal. Sinha's startup, focused on the upskilling sector and supporting the healthcare industry, remains undisclosed in its name. Sinha left his position as COO of Unacademy in August and is actively seeking more angel investors for the funding round.
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VC-backed RuleZero’s Hissa floats fund to buy ESOPs from startup execs
VCCircle
·
6m ago
Medial
Hissa, an equity management platform by RuleZero Technology Solutions, has launched a $35 million fund to buy ESOPs from startup employees, addressing the issue of holding illiquid stocks in Indian startups. Targeting secondaries transactions, the Hissa Fund I aims to invest in 15-20 growth-stage startups, having already invested in AI-led robotics company Miko. Managed by RuleZero's team, the fund offers employees liquidity for personal investments. RuleZero, backed by various investors, was incubated at IndusLaw.
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