Fintech Startup Recko Raises Funds From Clutch Of Angels For International Expansion

Bengaluru-based fintech startup Recko has raised an undisclosed amount of fresh funding from marquee angel investors. This includes Taavet Hinirikus (co-founder of Transferwise), Ashish Gupta (managing director, Helion Ventures), Vaibhav Puranik (financial product head for Carta), Shamir Karkal, (founder of Sila Money), Eric Kwan (early Facebook engineer and founding engineer of Operator) and Locus Ventures.

Source: INC42



WestBridge leads $55 mn Series B round in Rapido

Roppen Transportation Services Pvt. Ltd, which runs bike pooling and taxi startup Rapido, has raised Rs 391 crore ($54.6 million at current exchange rate) in its Series B funding round led by private equity firm WestBridge Capital, according to several media reports.




DSG Consumer Partners makes the final close of the third fund at $65m

DSG Consumer Partners has made the final close of its third flagship fund at $65 million (about Rs 465 crore), and the first close of its second buildout fund at $35 million.



Artificial Intelligence

Retail AI startup Vedalabs raises pre-Series A funding from Satin Neo Dimensions

Vedalabs, an AI startup that helps retail stores, on Monday said that it has raised an undisclosed amount as a part of its pre- Series A round from end-to-end retail store solutions provider Satin Neo Dimension, to expand its reach in retail analytics. 




AI-powered edtech startup Blackboard Radio raises seed round from Villgro, others

AI-powered personalized spoken English coach Blackboard Radio has raised $100,000 in seed funding from social enterprise incubator Villgro, as well as from other marquee angel investors.




With $100 Mn Commitment, Automation Anywhere Eyes R&D, Partner Growth In India

SoftBank-backed robotic process automation company, Automation Anywhere, has announced its plans to invest $100 Mn in India over the next 3-5 years to expand its capacities in India.

Source: INC42