Accion Venture Lab Launches New $23 Mn Fund After Exiting Aye Finance
US-based fintech investment firm Accion Venture Lab has launched a new $23 Mn fund to invest in fintech inclusion startups. In India, Venture Lab has invested into eight startups including Aye Finance, CreditMantri, CredRight, and SmartCoin among others.
Data Management Company Commvault Acquires SDS Vendor Hedvig For $225 Mn
Data management company Commvault is all set to acquire software-defined storage (SDS) company Hedvig for $225 Mn (INR 1,621 Cr). The cost includes the purchase price and ongoing employee retention, a statement said.