Mystifly Raises $3.3 Mn To Fight Covid-19 Blues In Aviation

Mystify claims to be profitable in FY 2020 before the pandemic travel restrictions hit. Previously, it raised $5 Mn in Series A round from Recruit Holdings. On average, every day of 2020 will add $230 Mn to aviation industry losses, according to the IATA


Reliance Jio Raises INR 730 Cr From Qualcomm Ventures To Boost 5G Play

Qualcomm has got 0.15% stake in Reliance Jio at an equity value of INR 4.91 Lakh Cr. The Qualcomm investment will accelerate Jio’s 5G rollout in the Indian market, the company said. Reliance Jio has raised a total of INR 118,318.45 Cr in the past three months


Treebo Hotels Gets $3 Mn Cash Rescue From Existing Investors

Previously, the company had raised $34 Mn in Series C. The company had asked its staff to voluntary resign in April due to lack of revenue. The business of both OYO and Treebo took a hit due to the pandemic


Electric vehicle startup Rivian raises additional $2.5B from investment firm T Rowe Price

The startup has a contract with Amazon to build 100,000 electric delivery vans, starting next year at its factory — a former Mitsubishi plant in Normal, Illinois.


IoT-based security solutions firm Openapp nabs fresh funding

The Bengaluru-based startup said it has raised $500,000 (Rs 3.76 crore at current exchange rates) from early-stage investment firm Unicorn India Ventures, an existing investor in the company.