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Acko enters Unicorn Club with $255Mn investment at $1.1Bn valuation

Bengaluru-based Acko, the home grown company a digital insurance provider has raised $255 million as a part of its Series D round led by private equity firms General Atlantic and Multiples Private Equity, at a valuation of $1.1 billion and became the 34th Indian startup to turn unicorn in 2021....

Azim Premji retains India’s top philanthropist rank in FY21

Industrialist Azim Premji, the founder and chairman of Wipro has donated Rs 9,713 crore i.e. Rs 27 crore a day to maintain his top rank among Indian philanthropists in FY21. He has retained the ‘India’s Most Generous’ title....

Alchemy bolsters valuation to $3.5B with $250M raise

Blockchain and Web3 development SaaS startup Alchemy has raised $250 million in a Series C funding round that values the company at $3.5 billion. According to sources, Andreessen Horowitz (a16z) led the investment. ...

Honeywell launches Real-Time Health Monitoring System (RTHMS)

Honeywell (NASDAQ: HON) today announced the launch of its Real-Time Health Monitoring System (RTHMS), a smart edge-to-cloud communication platform for remote and real-time monitoring of patients that acts as a bridge between caregiver and patient. The offering integrates hardware and software to improve care delivery, enhance healthcare worker productivity, and enable process efficiency. By digitizing and automating critical tasks, RTHMS can reduce hospital administrative tasks by 35%....

Softline valued at around $1.5 bln in London IPO

Russian IT company Softline set its final offer price at $7.50 per global depositary receipt (GDR) for its initial public offering (IPO), the lower end of its target range, implying a valuation of around $1.5 billion, the company said on Wednesday....

DeHaat raises $115Mn in the largest agritech round in India

DeHaat secured $115 million in a Series D funding round led by Belgium-based investment firm Sofina and Lightrock India. ...

Iran assumes cyberattack shuts gas stations across country

A cyberattack crippled gas stations across Iran on Tuesday, leaving angry motorists stranded in long lines. No group immediately claimed responsibility for the attack, which rendered useless the government-issued electronic cards that many Iranians use to buy subsidized fuel at the pump....

Tesla surpasses $1 trillion market valuation for the first time

Tesla has surpassed $1 trillion market capitalisation for the first time ever, after its shares surged over 9.5%. The company's shares hit a record high of more than $998 after...

Verizon and Project Kuiper team up to develop connectivity solutions

Today, Verizon Communications Inc. (NYSE, Nasdaq: VZ) and Project Kuiper, an advanced low Earth orbit (LEO) satellite network from Amazon.com, Inc. (NASDAQ: AMZN), announced a strategic collaboration to develop...

Black Box Launches IoT Practice in Asia to Accelerate Industry 4.0

Black Box, a global solutions integrator, today announced that it has established an IoT practice in Asia that will allow the company to embrace abundant IoT opportunities across Asia's manufacturing hubs....