Category: VCs

Infosys invests undisclosed amount in US-based start-up TidalScale

India: Infosys Ltd has invested an undisclosed amount to pick up a stake in TidalScale, a California-based start-up founded by Infosys chief executive Vishal Sikka’s former SAP colleague Ike Nassi.

AirAsia founders-backed Tune Labs invests in Malaysia’s Golfreserv

Malaysia: Golf reservation platform Golfreserv today announced that it has secured an undisclosed pre-Series A round from Tune Labs, a startup incubator backed by AirAsia founders Tan Sri Tony Fernandes and Datuk Kamarudin Meranun.

SproutX launches $10m agriculture tech fund and start-up accelerator

Australia: The National Farmers’ Federation has teamed up with financial services firm Findex to launch a $10 million fund, with start-up accelerator services to spur innovation among start-ups and tech players targeting the agricultural sector.

Braun co-invests in Trendlines’ Medtech incubator in Singapore

B. Braun will invest in Trendlines Medical Singapore and along with Trendlines, support the development of portfolio companies, and actively consider follow-on investment opportunities in portfolio companies

ONGC unveils Rs. 100 crore (~$15M) start-up fund

India: Government-owned Oil and Natural Gas Corporation has launched a Rs 100-crore start-up fund on its diamond jubilee year “to foster, nurture and incubate new ideas related to the oil & gas sector”. The initiative, christened ‘ONGC Start-up’, is in line with the government’s Startup India initiative.

Infosys invests in second cloud computing start-up Cloudyn from Israel

India: Infosys Ltd has invested $4 million to pick up a minority stake in Cloudyn Ltd, an Israeli company that makes software for monitoring and optimizing cloud computing, marking the Bengaluru-headquartered firm’s second investment in an Israel-based cloud-computing start-up from the company’s $500 million innovation fund.

Reliance Inds invests Rs 100 crore (~$15M) in a US-based tech startup

India: India’s biggest company by sales picked up a 40 per cent stake in NetraDyne Inc, a San Diego, California- based company that is developing products that may be leveraged by RIL’s telecom venture Reliance Jio.

Infosys invests undisclosed amount in data wrangling software provider Trifacta

India: Vishal Sikka led Infosys, today has made an investment in Trifacta, provider of data wrangling software that enables non-technical users to easily transform data for analysis.