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News on Medial
Bootstrapped for 8 years, Xensam has now snapped up $40M for AI that manages software assets
Startup News FYI
·
1y ago
Medial
Stockholm-based startup Xensam has raised $40 million in its first outside funding round. The company provides AI-based tools for software asset management, helping businesses understand and track software usage. The funding will be used to further develop the AI technology stack, expand the team, and penetrate the US market. Xensam boasts 200 customers and reports 126% annual growth in recurring revenue. The company's founders, remaining majority shareholders, previously worked at Snow Software, a major player in the software asset management space.
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Ahmedabad startup lets businesses hire AI agents like freelancers
Inshorts
·
3m ago
Medial
Ahmedabad startup ActionLabs.ai launched ActionAgents, a platform where businesses and individuals can hire AI agents just like freelancers. It also provides free credits to try the AI agents before paying to use them. Bootstrapped with ₹20 lakh, the platform crossed 3,000 users in 8 weeks. Now, it plans to onboard developers and reach 1 million users in 2 years.
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With ₹1L, 24-yr-old starts tea cafe, clocks ₹4 cr annual revenue
Inshorts
·
1y ago
Medial
From a modest Bihar family, Arpit started Chaai Seth, a tea cafe, in Shillong at 17. Despite challenges, he and his friends opened outlets across India. Starting with one business, entrepreneur Arpit Raj ventured into multiple startups. Now 24, Arpit manages 17 businesses, achieving ₹65 cr turnover while maintaining control through bootstrapped growth.
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Lenskart-backer Epiq Capital raises $225 million in Fund II, to double down on India investments
Money Control
·
2y ago
Medial
Epiq Capital plans to invest in about 8-12 companies with an average cheque size of around $20-25 million. It manages assets worth $300 million and the cumulative valuation of its nine companies is around $15 billion.
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BlackRock strikes $12.5 bn deal to acquire Global Infrastructure Partners
VCCircle
·
1y ago
Medial
BlackRock will acquire Global Infrastructure Partners (GIP) for $12.5 billion in a cash and shares deal. This move will make BlackRock one of the biggest players in alternative assets and private markets. The deal will create an infrastructure investing platform with over $150 billion in combined assets. GIP manages over $100 billion in assets and its portfolio includes Gatwick airport and offshore wind projects. BlackRock also announced changes in management and reported an 8% increase in quarterly profit.
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Creation Investments strikes frugal returns from India MFI bet
VCCircle
·
1y ago
Medial
Global impact investor, Creation Investments, has exited its investment in a microfinance institution in India after twelve years, generating modest returns. The Chicago-based investor, known for its focus on financial services, manages assets worth around $2.2 billion globally.
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Bottomline: NIIF-backed Aseem Infra's profit jumps on growth in loan book, strong asset quality
VCCircle
·
8m ago
Medial
Aseem Infrastructure Finance, backed by NIIF, has reported a significant increase in profit due to its growing loan book and strong asset quality. Starting with a loan book of Rs 1,588 crore in 2020-21, the company now manages assets worth over Rs 14,500 crore. The non-banking finance company has shown impressive growth in just four years of its lending operations. CEO Virender Pankaj reflects on the company's success.
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A tech CEO died after falling 20 feet to the stage at a company event when a cable snapped
Business Insider
·
1y ago
Medial
The CEO of Vistex, a software firm based in Illinois, tragically died after falling 20 feet to the stage during a company event in India. Sanjay Shah and Vistex's president, Vishwanath Raju Datla, were being lowered onto the stage in an iron cage when a cable snapped. Shah later passed away from his injuries, while Datla remained in critical condition. Vistex has filed a complaint regarding the lack of safety measures at the event venue. Shah, a respected entrepreneur and philanthropist, had been with Vistex for 25 years.
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Ventureast scores a jackpot as legacy bet yields nearly 120x return
VCCircle
·
1y ago
Medial
Ventureast, an Indian venture capital firm, has made an impressive return on its investment from a legacy bet it made over 15 years ago. The firm, which manages over $400 million in assets, earned approximately 120 times its initial investment. This success comes as Ventureast approaches full deployment of its sixth fund.
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Exclusive: Nuvama Wealth backer PAG stitching new India deal after two-year gap
VCCircle
·
9m ago
Medial
Asia Pacific alternative investment firm PAG is reportedly in talks to secure a new private equity deal in India. After a gap of two years, the firm is said to be in advanced discussions to make the investment. PAG manages over $55 billion in assets across the private equity, real estate, and credit sectors.
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BOX ID Raises €3.5M in Funding
Finsmes
·
1y ago
Medial
German logistics software provider, BOX ID, has raised €3.5 million in funding in a round led by KPN Ventures. Other participants include High-Tech Gründerfonds, Bayern Kapital, Wille Finance, and business angels Dr. Georg Hofer, Ulrich Müller-Menrad, and Relayr Co-Founder Jackson Bond. BOX ID plans to use the funds to further develop its SaaS-platform, a cloud service for industrial logistics that enables tracking, automation, and optimization of material flows within single sites and supply chains. The software manages fleet assets equipped with Auto-ID and/or IoT objects, offering scalable solutions for supply chain management in various industries.
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