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News on Medial
CarDekho Group Partners SaaS Platform BiUP Technologies To Drive AI-Powered Mobility Solutions
Inc42
·
11m ago
Medial
CarDekho Group has partnered with BiUP Technologies to enhance its AI-powered mobility solutions. BiUP's expertise in AI and immersive technology will be utilized to transform vehicle searches into more conversational experiences on CarDekho's platforms. This collaboration aligns with CarDekho's strategy of expanding its offerings and market reach, which has already included diversification into the agricultural and financial sectors.
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CarDekho's Girnar Vision Fund invests in SaaS startup BiUP
VCCircle
·
11m ago
Medial
BiUP Technologies, an immersive technology SaaS company, has secured pre-Series A funding from CarDekho Group's Girnar Vision Fund. The funding amount remains undisclosed. BiUP.ai aims to use the investment to enhance its technological capabilities and expand into Indian and global markets, particularly in Southeast Asia, the Middle East, and the United States. CarDekho Group's CEO, Amit Jain, expressed confidence in BiUP.ai's innovative approach and reiterated the Girnar Vision Fund's commitment to supporting visionary Indian entrepreneurs in the technology sector.
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Amit Jain's CarDekho acquires Revv; enters shared mobility
IndianStartupNews
·
1y ago
Medial
Jaipur-based autotech firm CarDekho Group is acquiring a majority stake in Gurugram-based self-drive car rental startup Revv for an undisclosed amount. This move marks CarDekho's entry into the shared mobility space, aligning with its strategy to integrate technology into its operations. CarDekho aims to create a complete automobile ecosystem with a seamless customer experience by incorporating Revv's shared mobility services into its portfolio. Revv, operating in 22 cities with a fleet of over 3,500 cars, was valued at $138 million as of October 2019.
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CarDekho Group Invests In Carrum To Drive Mobility Portfolio
Inc42
·
11m ago
Medial
CarDekho Group has invested in fleet management services startup Carrum to enhance its sustainable mobility offerings. The financial details of the deal were not disclosed. The collaboration aims to support Carrum in areas such as decarbonisation, improving fleet management efficiency, and enhancing driver livelihoods. CarDekho previously acquired a majority stake in Revv, a shared mobility venture, signaling its entry into the shared mobility sector.
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Startup news and updates: Daily roundup (September 13, 2024)
YourStory
·
10m ago
Medial
Futwork, a mobile app-based contact center solutions provider, has raised Rs 21 crore in a Series A funding round led by the Michael & Susan Dell Foundation and Artha Venture Fund. The funds will be used to scale the company's product and roll out AI solutions for customer communication. Newmi Care, an outpatient care platform for women's health, has secured $1.5 million in a seed funding round led by Sprout Venture Partners. Agilitas Sports has partnered with Spring Marketing Capital to build global capabilities for its sportswear and athleisure solutions platform. CarDekho Group has appointed Sudarshan Sarma as Chief Business Officer of its New Auto business unit.
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Capillary Nets $95 Mn In Secondary Fundraise
Inc42
·
1y ago
Medial
India-based customer loyalty and engagement solutions provider Capillary Technologies has raised $95m in secondary transactions to extend its Series D funding round. The total funding now stands at $140m. Capillary will use the funds to support its artificial intelligence initiatives, drive global expansion and strengthen its position in the customer loyalty software-as-a-service (SaaS) solutions sector. The company also plans to allocate $20m for employee stock ownership plan payouts. Capillary's suite of products, including Loyalty+ and Engage+, are AI-powered and serve over 400 brands worldwide.
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CarDekho Group reports 11% fall in FY24 net revenue; net loss narrows
Economic Times
·
8m ago
Medial
Jaipur-based CarDekho Group reported an 11% YoY decline in net revenue at Rs 2,074 crore in fiscal 2024. However, after excluding income from discontinued used-car sales, the company reported a 54% growth in revenue from operations, reaching Rs 1,347 crore. CarDekho's net loss narrowed to Rs 340 crore in FY24. The company attributed its revenue growth to its insurance marketplace InsuranceDekho and fintech platform Rupyy. CarDekho also raised $80 million in growth capital and acquired shared mobility platform Revv. Competitors like Cars24 and Spinny also reported growth in operating revenue.
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Startup news and updates: Daily roundup (September 13, 2024)
YourStory
·
10m ago
Medial
Futwork, a mobile app-based contact center solutions provider, has raised Rs 21 crore ($2.8 million) in a Series A funding round led by the Michael & Susan Dell Foundation and Artha Venture Fund. The funds will be used to scale the company's product and roll out AI solutions across voice, chat, email, and WhatsApp. Newmi Care, an outpatient care platform focused on women's health, has raised $1.5 million in a seed funding round led by Sprout Venture Partners. Agilitas Sports has partnered with Spring Marketing Capital to build global capabilities. CarDekho Group has appointed Sudarshan Sarma as chief business officer of its New Auto unit. People Matters has named Pushkaraj Bidwai as its new CEO.
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PwC India, Zoho Announce Partnership To Enhance Digital Transformation
OutlookIndia
·
2y ago
Medial
PwC India, a leading consulting firm, has announced a partnership with Zoho, a prominent SaaS company, to enhance digital transformation for businesses. The collaboration will leverage Zoho's suite of software solutions to enable PwC India's clients to streamline operations, improve productivity, and drive growth through digital technologies. The partnership aims to deliver comprehensive digital transformation solutions and support businesses in their digital journey.
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Vimly Benefit Solutions Receives Strategic Investment from Rubicon Technology Partners
Finsmes
·
1y ago
Medial
Seattle-based benefits administration company, Vimly Benefit Solutions, has received a strategic investment from Rubicon Technology Partners. The exact amount of the investment remains undisclosed. The funds will be used to drive growth and innovation in the benefits administration sector. Vimly offers an HRIS SaaS platform, SIMON®, which simplifies enrollment, billing, and platform integrations for carriers, brokers, administrators, employers, and employees. CEO Shannon Jurdana stated that the partnership with Rubicon will enable Vimly to continue delivering value to clients and expand its offerings.
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Smarthome startup Aliste Tech raises $1 million in funding from YourNest, Artha, others
Economic Times
·
1y ago
Medial
Smart home startup Aliste Tech has raised $1 million in funding from investors including YourNest and Artha Ventures. The funds will be utilized to expand its team, enhance its technology platform, and drive market expansion. Aliste Tech specializes in providing personalized home automation solutions using AI and machine learning technologies.
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