🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
BetterPlace Plans To Invest $35 Million In R&D
OutlookIndia
·
1y ago
Medial
The insurtech start-up will utilise this funding to work with its insurance partners to facilitate a claims experience for its members by co-creating a technology solution to drive a transparent journey
View Source
Related News
Exclusive: BetterPlace kicks off new round
Entrackr
·
5m ago
Medial
Exclusive: BetterPlace, a blue-collar workforce management platform, is raising Rs 31.9 crore ($3.8 million) in its Series D round led by Jungle Ventures. This funding comes over two years after its $64 million Series C round. The board at BetterPlace has passed a resolution to issue 10,574 Series D CCPS at an issue price of Rs 30,174 each to raise Rs 31.9 crore or $2.8 million, its regulatory filing sourced from the Registrar of Companies shows. Jungle Ventures will invest Rs 20.7 crore, while the remaining amount will come from Capria Ventures. This investment is part of BetterPlace's ongoing Series D round, with the firm expected to raise additional funds. The funds will be used for general business operations, as per filings. According to Entrackr estimates, BetterPlace will be valued at approximately $250 million post-allotment, subject to change if further investments are secured. Founded in 2015, BetterPlace offers KYC-based digital employee onboarding, digitized employee records, background verification, skill development training and assessment. According to its website, the firm has provided full-stack workforce management solutions to over 1,000 enterprises, including Amazon, Ola, Uber, Swiggy, and Zomato. BetterPlace has acquired eight companies, including Oust Labs, AasaanJobs, OLX People, Waah Jobs, OkayGo, EzeDox, Troopers, and MyRobin. It competes directly or indirectly with platforms like Apna, GigIndia, and WorkIndia. The company has yet to file its FY24 annual results. In FY23, its revenue from operations stood at Rs 533 crore, while BetterPlace reported a loss of Rs 132 crore during the same period.
View Source
Databricks to pump in $250M in India; launches AI academy
YourStory
·
3m ago
Medial
Databricks plans to invest over $250 million in India in the next three years, focusing on training, R&D, and expanding its workforce by over 50%. The initiative includes launching the India Data + AI Academy to train around 500,000 individuals with courses in data, analytics, and AI. Additionally, Databricks has opened a new R&D office in Bengaluru, hiring over 100 engineers, reinforcing India as a key growth market with investments in development and innovation.
View Source
US based financial software firm Planful expands its R&D centre in Hyderabad; To invest $120 million
Economic Times
·
11m ago
Medial
US financial performance management software provider, Planful, has expanded its research and development (R&D) center in India with the opening of a new office in Hyderabad. The company plans to invest an additional $120 million over the next five years and double its headcount in the region. The new office will serve as Planful's global R&D center as well as support its back-office operations. The expansion reflects the company's commitment to investing in the Indian market and leveraging its thriving IT ecosystem and talent pool.
View Source
Semicon company NXP to invest Rs 8,400 crore for R&D in Karnataka
Economic Times
·
8m ago
Medial
Dutch semiconductor company NXP has announced plans to invest a significant portion of Rs 8,400 crores ($1 billion) over the next five years in research and development (R&D) in Bengaluru, India. The investment was confirmed during a roadshow in the Netherlands to attract investments for the state of Karnataka. The state's large and medium industries minister highlighted Karnataka's importance in advancing global R&D capabilities to NXP executives. The roadshow also involved discussions with companies such as Phillips, Signify, and Heineken, encouraging them to invest and expand their presence in Karnataka.
View Source
Ericsson to expand R&D base in India, focuses on AI, 6G development
YourStory
·
9m ago
Medial
Swedish telecom gear manufacturer Ericsson plans to expand its research and development (R&D) base in India. The company is focusing on AI, Gen AI, and Network APIs at its R&D centers in Chennai, Bengaluru, and Gurugram. With India being a key market, Ericsson aims to invest in 6G, network APIs, and artificial intelligence. The R&D teams will develop programmable/API capabilities to enable advanced use cases, including fraud detection, device management, and security. India is considered a frontrunner in 5G technology adoption, with extensive infrastructure development. Ericsson has already partnered with leading Indian telcos for their 5G rollout.
View Source
AI security startup Unbound raises $4 million in round led by Race Capital
Economic Times
·
2m ago
Medial
Unbound, an AI security startup, raised $4 million in a seed round led by Race Capital, with plans to invest $1 million in India for R&D expansion. The Bengaluru-based company helps enterprises securely integrate AI, offering tools to monitor data flows and enforce policies. Co-founders Rajaram Srinivasan and Vignesh Subbiah highlight Unbound’s role in enabling flexible, secure AI adoption, reducing costs by 70%, and preventing data leaks for clients.
View Source
Krypton Solutions likely to invest $100 million in Mysuru, Chamarajanagar
Economic Times
·
1y ago
Medial
Texas-based Krypton Solutions is planning to invest $100 million to set up a Printed Circuit Board (PCB) fabrication unit in Karnataka, India. The company has already held discussions with the government and is exploring investment options in Mysuru and Chamarajanagar. Additionally, they are interested in local partnerships and seeking support to establish themselves in the Indian market. In a separate meeting, Texas Instruments also reaffirmed its commitment to research and development (R&D) expansion in Karnataka. Texas Instruments was the first technology company to set up an R&D center in Bengaluru in 1985.
View Source
Visual telematics startup Cautio closes $3 million funding round - The Economic Times
Economic Times
·
2d ago
Medial
Bengaluru-based visual telematics startup Cautio raised $3 million in a seed funding round, led by Amal Parikh and featuring 8i Ventures and AU Small Finance Bank. Cautio offers video telematics products to improve road safety, focusing on AI-powered dash cams tailored for Indian conditions. The company plans to invest in R&D, expand its technological capabilities, and increase its market presence. Founded in 2023, Cautio operates in 50 Indian cities, serving various sectors.
View Source
Beauty brand RAS Luxury Skincare raises $5 million from Unilever Ventures, others
Economic Times
·
7m ago
Medial
RAS Luxury Skincare, a Raipur-based beauty brand, has secured $5 million in funding led by Unilever Ventures, along with Amazon Smbhav Venture Fund and existing backers. The funds will be used to expand its retail and online presence, invest in talent, R&D, marketing, and technology. Founded in 2017, RAS offers plant-based, vegan products and has seen 140% growth annually. The brand plans to increase offline revenue and establish a strong presence in India’s luxury skincare market.
View Source
BetterPlace pivots away from new-age firms to traditional enterprises
Livemint
·
1y ago
Medial
BetterPlace, a software-as-a-service (SaaS) platform for frontline workforce management, has shifted its strategy to focus on traditional enterprises that have low technology penetration. The company's contribution from new-age businesses has decreased from 100% in 2022 to about 35% this year. The pivot is driven by the larger market and deeper need in traditional enterprise sectors. BetterPlace aims to be Ebitda positive by the end of the year and achieve net profitability by early next year. The company plans to expand its focus to India, Southeast Asia, Dubai, Saudi Arabia, the US, and possibly the European market through partnerships.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
