Category: Tech News

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Indian VC firm A91 Partners secures final close of second fund at $525m: Report

Venture capital firm A91 Partners, floated by former Sequoia Capital executives, has reportedly reached the final close of its second fund by garnering $525 million in capital commitments. The sponsors or limited partners in the fund include the Canada Pension Plan Investment Board and financial services major Allianz group, The Economic Times reported. The firm… Continue reading Indian VC firm A91 Partners secures final close of second fund at $525m: Report

LAV leads $50m Series B funding in Chinese drug maker Link Pharmaceuticals

Clinical stage drug maker Lynk Pharmaceuticals Co. has completed a Series B round of financing, raising as much as $50 million, led by the Shanghai-based venture capital firm Lilly Asia Ventures (LAV), the investor announced on Friday.  New investors New Alliance Capital and Hangzhou Heda Industry Fund participated in the round, while returning investors Legend… Continue reading LAV leads $50m Series B funding in Chinese drug maker Link Pharmaceuticals

PE firm Everstone prepares to exit India’s Sahyadri Hospitals

Private equity firm Everstone has initiated the process to exit Sahyadri Hospitals two years after backing the institution. It is targeting an internal rate of return (IRR) of 50-60%. Private equity and venture capital firms typically look at a 5-6 year investment horizon and target an IRR of 20-30%. Seven to eight investors have shown… Continue reading PE firm Everstone prepares to exit India’s Sahyadri Hospitals

Leapwork Raises $62M in Series B Funding

Leapwork, a Copenhagen, Denmark-based provider of an automation platform built for business users, raised $62M in Series B funding. The round was co-led by KKR and Salesforce Ventures with participation from existing investors DN Capital and Headline. The company intends to use the funds to continue to grow its global presence, building up local teams… Continue reading Leapwork Raises $62M in Series B Funding

Asia Digest: Australia-listed Appen buys SG’s Quadrant; PEP invites bids for Intellihub …

ASX-listed data company Appen announced that it has acquired Singapore-based mobile-location data firm Quadrant, while Australia-based Pacific Equity Partners (PEP) has launched bids for Intellihub with a deadline of September 27. Appen buys Quadrant in cash and shares ASX-listed data company Appen has acquired the Singapore-based mobile-location data firm Quadrant. Appen will make an upfront… Continue reading Asia Digest: Australia-listed Appen buys SG’s Quadrant; PEP invites bids for Intellihub …

New York City approves licences, price controls for food-delivery apps

The New York City Council on Thursday approved legislation to license food-delivery apps including Grubhub, DoorDash Inc and Uber Eats and to permanently cap commissions they can charge restaurants. The companies say the price controls are unfair and vowed to fight them. “This permanent price control is flagrantly unconstitutional and will hurt local restaurants, delivery workers and diners across… Continue reading New York City approves licences, price controls for food-delivery apps

Unite Your AirPods With Your Mac By Using AirBuddy

Apple has big plans for AirPods, including giving them literal self-awareness. What it oddly is not interested in is making your AirPods easier to use with your Mac. Sure, you can connect them to your Mac, but it treats them like just another set of Bluetooth headphones, without any of iOS’ useful features. AirBuddy fills… Continue reading Unite Your AirPods With Your Mac By Using AirBuddy

Scientists: Life May Thrive on Ocean Worlds Far Larger Than Earth

“A biosignature detection would transform our understanding of life in the universe.” Extreme Conditions A team of scientists has identified a new class of exoplanets and, despite their drastic differences from our home here on Earth, the researchers say they could be great candidates in the search for extraterrestrial life. These so-called Hycean planets are… Continue reading Scientists: Life May Thrive on Ocean Worlds Far Larger Than Earth

Russian Space Chief Issues Cryptic Invitation to Elon Musk

“Come! We are waiting for you.” Dmitry Rogozin, the head of Russia’s space agency Roscosmos, just reached out to SpaceX CEO Elon Musk on Twitter with a cryptic invitation. “Good afternoon, Mr. Elon Musk!” Rogozin wrote. “On October 5, a new expedition will leave for the International Space Station. We are planning to send a… Continue reading Russian Space Chief Issues Cryptic Invitation to Elon Musk