HealthTech

NestaVera Invests In Healthtech Startup ProPhysio To Accelerate Growth

Bengaluru-based healthtech startup ProPhysio has raised an undisclosed amount of Series A funding from NestaVera Group of companies.

Source: INC42

 

Finance

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.

Source: INC42

 

Finance

L’Oreal Invests In Consumer-Brand Focused Fireside Ventures

French cosmetics giant L’Oreal has invested an undisclosed amount in Fireside Fund II, an early-stage venture capital fund managed by Fireside Ventures.

Source: INC42

 

Automotive

India’s First Car Leasing Company OTO Raises INR 10 Cr From Prime Venture Partners

India’s first car leasing company OTO has received a funding of INR 10 Cr from Prime Venture Partners. The company plans to use the funding to expand in 10 cities in the next 6 months.

Source: INC42

 

Enterprise Tech

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.

Source: INC42

 

Advisory & Consulting

Advisorymandi Raises $36 Mn To Strengthen Stock Broking Ecosystem

Noida-headquartered stock broking advisor Advisorymandi has raised $36 Mn in a fresh funding round from the EST Group.

Source: INC42