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The court said police can freeze bank accounts during an investigation without prior Magistrate approval, while also upholding scrutiny of Jar’s digital-gold business under criminal law.
The Bengaluru-based startup will use the fresh capital to accelerate the development of enterprise-grade AI solutions and strengthen its Forward Deployed Engineer (FDE) model, among others.
The acquisition also gives GalaxEye access to StarOps’ qualified satellite bus platforms in the 50 kg, 150 kg and 250 kg categories.
The round also witnessed participation from existing investors Chiratae Ventures, Varanium Fintech Fund, and VCMint.
The funding round was raised from VC firms Stellaris Venture Partners and 3one4 Capital, and a group of prominent angel investors including Swiggy CEO Sriharsha Majety.
The Mumbai-based startup will use the fresh capital primarily to scale its enterprise sales infrastructure and fund advanced research and development.
The development comes after Scapia raised $63 million in a Series C funding round in May led by General Catalyst.
KuhlTherm will use the fresh capital to accelerate product development, and strengthen its R&D and testing infrastructure, among others.
The funding round saw participation from Claypond, Sentinel Global, Khosla Ventures, SoftBank Vision Fund 2, Lightspeed, and Y Combinator.
The Bengaluru-based startup will use the fresh capital to accelerate product innovation, strengthen its technology stack, and expand its market presence across India.
The fund will primarily target seed and Series A startups, with a focus on companies building practical AI-powered applications for consumers and enterprises.
The Udaipur-based startup will use the fresh capital to accelerate product development and enhance its AI capabilities, among others.
The funding round also saw participation from a group of angel investors.
The move follows the closure of Dream Play, an AI-based sports analytics platform, and the winding down of Dream Money, the company’s fintech initiative.
The round also saw participation from Razorpay Ventures, GrowthCap Ventures, and Atrium Ventures, along with angel investors including Kunal Shah (CRED), among others.
Pareto Holdings, Cory Levy, Z Fellows, and Collective Global, along with several angel investors also invested in the funding round.
In addition, the company raised Rs 110 crore in debt from IDFC and Axis Bank.
The investment round also saw participation from prominent angel investors including Abhishek Goyal (Tracxn) and Mekin Maheshwari (Flipkart).
