Funds from this new investment will be used for expanding global sales and marketing in addition to product development, the company said. Earlier this month, CloudByte appointed former SanDisk General Manager Greg Goelz as its Chief Executive Officer.
With this round the company has so far raised more than $6.5 million (approx Rs.38 crore). Prior to this round it had raised Rs. 7 crore from Nadathur Investments and Ojas Ventures.
The company, which created InterviewMaster, a technology based solution to interview candidates without an interviewer, was founded by IIT Bombay Alumni and a former management consultant. The amount of funding was not disclosed.
Delivery Hero which is present in 14 markets worldwide, is taking a strategic investment route to invest in Indian market.
New Jersey based PrazAs, the makers of tablet based adaptive learning solution Tabtor, has raised $1 mn from investors.
Speaking at NextBigWhat’s startup conference UnPluggd, Flipkart’s co-founder & CEO Sachin Bansal said that the company wants to focus on fashion retailing and making its newly launched marketplace a better experience for customers over this year.
Intel Capital has announced its investment in three Asian e-commerce companies including India’s HealthKart and Snapdeal.
Housing.co.in plans to use this round of funding to expand its technology and data sciences teams. The company is also building a large headquarters only for the technology team.
The investment by Wipro in Axeda will give their customers the ability to benefit from Axeda’s rapid M2M application development and Wipro’s big data analytics capabilities.
Summers, who served as the treasury secretary of the United States during the Clinton regime, will invest about $30,000 in the form of warrants into the company.