Robotic fulfillment and inventory optimisation software GreyOrange said it has raised $135 million in the first close of its Series D round of funding, led by Anthelion Capital (formerly Cowen Sustainable Investments). Established in 2011, GreyOrange is headquartered in both Delhi and Atlanta. It designs, manufactures, and deploys artificial intelligence-based (AI) robotics systems that can… Continue reading Blume Ventures-backed robotics firm GreyOrange raises $135m in new fundingPrior to the latest funding, GreyOrange had raised $410 million across eight…
Category: Tech News
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Viewpoint: Private credit investments in India—reflecting on the opportunities and challenges
The author is managing director & CEO, private wealth group and alternatives asset management, JM Financial Ltd. Private credit as an asset class has witnessed significant growth in recent years. Its global market size, dominated by the US and Europe, is currently estimated at $1.5 trillion and forecasted to reach $2.7 trillion by 2027. India’s… Continue reading Viewpoint: Private credit investments in India—reflecting on the opportunities and challenges
EV ride hailing firm BluSmart raises $24m to ramp up expansion
Indian electric ride-hailing startup BluSmart on Thursday said it has raised $24 million (Rs 200 crore) in a new equity round, which saw participation from existing investors, founders and the leadership team. While the company did not disclose the name of investors participating in the latest funding, it has previously been backed by investors including… Continue reading EV ride hailing firm BluSmart raises $24m to ramp up expansion
Saudi Arabian platform for used-electronics Soum raises $18m Series A
Saudi Arabia-based used-electronics platform Soum has raised $18 million in a Series A funding round, the company announced in a LinkedIn post on Thursday. Jahez International Company, a Saudi Arabian food delivery platform, led the funding round while Isometry Capital participated along with existing investors Khwarizmi Ventures, AlRajhi United, Outliers Venture Capital, and others. Soum… Continue reading Saudi Arabian platform for used-electronics Soum raises $18m Series A
United States weighing hike in tariffs on Chinese EVs: report
The Biden administration in the United States is discussing raising tariffs on some Chinese goods, including electric vehicles, the Wall Street Journal said late on Wednesday, citing people familiar with the matter. Chinese automobiles face a 25% levy imposed during the administration of former President Donald Trump and extended by the Biden administration. The U.S.… Continue reading United States weighing hike in tariffs on Chinese EVs: report
Anthropic seeks to raise $750m in funding round led by Menlo Ventures
Artificial intelligence (AI) startup Anthropic is in discussions to raise $750 million in a funding round led by Menlo Ventures, a source with direct knowledge of the matter told Reuters on Wednesday. The startup’s valuation before the funding round comes to $18.4 billion, the source added. Anthropic, co-founded by siblings and former executives at Microsoft-backed… Continue reading Anthropic seeks to raise $750m in funding round led by Menlo Ventures
New Forests makes first close of ANZ-focused forestry fund at over $300m
Sydney-headquartered New Forests, a global investment manager of nature-based real assets and natural capital strategies, has announced raising A$450 million (about $300 million) in the first close of its Australia New Zealand Landscapes and Forestry Fund (ANZLAFF). The fund, which secured commitments from institutional investors based in Australia and Europe, seeks to invest in core… Continue reading New Forests makes first close of ANZ-focused forestry fund at over $300m
HK’s Gaw Capital appoints Oliver Yates to head Australia climate tech strategy
Hong Kong-headquartered private equity firm Gaw Capital Partners said on Wednesday it has appointed Oliver Yates to head its climate tech strategy for Australia. Yates, who was a veteran senior executive of Macquarie Group and chief executive of Clean Energy Finance Corp, will lead Gaw Capital’s expansion in Australia with a focus on climate tech… Continue reading HK’s Gaw Capital appoints Oliver Yates to head Australia climate tech strategy
Data Vantage: Blue Planet, Rario, Nuguru, Arival and Lyte Ventures report updates
This web version of the DATA VANTAGE twice-weekly premium newsletter is available only to our premium subscribers. Unlock access by picking up any of our premium subscription plans. Start your deal-making journey now! Subscribe now to enjoy unlimited access at just $52. Premium coverage on private equity, venture capital, and startups in Asia. Exclusive scoops… Continue reading Data Vantage: Blue Planet, Rario, Nuguru, Arival and Lyte Ventures report updates
Clean Technica: The Last NACS Holdouts, VW Group, Make The Switch003156
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! One of the big stories of 2023 is finally wrapping up as VW Group (including Volkswagen, Audi, Porsche, and the upcoming revival of Scout) announces that the company’s going to switch to Tesla’s NACS plug for future cars. And,… Continue reading Clean Technica: The Last NACS Holdouts, VW Group, Make The Switch003156