The interest of Chinese manufacturers in Mexico is part of a broader trend known as nearshoring. International companies are moving production closer to customers to limit their vulnerability to shipping problems and geopolitical tensions
The four funds are Fund VIII (for most investments), Fund VIII Plus, Discovery III (for early-stage startups) and Entrepreneurs VIII.
The firm will use the investment to capitalise on its position as a leading provider of structured biomedical molecular data to the life sciences industry.
In December, Vimeo saw its highest month of year-over-year revenue growth—57 percent—for all of 2020.
This is the third year in a row that India has kept its number four position globally after the US, China and the UK.
Furlenco has furnished over 150,000 homes across eight major cities in India and has AUM (assets under management) worth over Rs 200 crore.
"Carl is working on a new consumer electronics company that I am sure will be a disruptor in the tech industry. I am excited to be part of this journey,” Kunal Shah said.
The company will use the investment to widen its R&D capabilities and build and support a manufacturing ecosystem under the Make in India initiative.
Amazon Seller Services, Amazon Wholesale (India), Amazon Pay (India) and Amazon Transportation Services saw their losses adding up to Rs 7,899 crore in FY20.
The fresh capital will be aimed for customer acquisition and to build an agronomic intelligence-backed full-stack platform for farmers.
In 2019, domestic startups had raised a total of $14.2 billion from January 1 to December 23. The decline is primarily attributed to the outbreak of COVID-19.
The licensed and registered angel fund along with its first closure also announced its three new startup investments.
Dailyhunt parent VerSe Innovation raises $100 million in fresh funds from Google, Microsoft and others
This new round of funding pushes VerSe Innovation, owner of the short-form video app Josh, into the unicorn club.
Zomato closes $660 million funding in Series J fundraise round making its valuation hit $3.9 billion
Zomato is also raising $140 million as a part of a secondary transaction, the company's co-founder and CEO Deepinder Goyal said.
Indian edtech startups received over $2.22 billion funding in 2020 as compared to $553 million in 2019
The report states that the Indian subcontinent is one of the largest markets for education with 360 million learners in FY20.
Gaming start-up EWar raises pre-series A funding round from Inflection Point Ventures & other angel investors
The company aims to use the funds raised for deeper market penetration and the development of new products and services.
Logistics and supply chain startup Delhivery raises $25 million from Steadview Capital ahead of planned IPO
At present, Delhivery has a nationwide network that touches over 17,500 pin codes and 2,300 cities. It offers a full suite of logistics services and more.
As of now, Pine Labs serves more than 150,000 merchants in 3,700 cities across Asia and the Middle East.
Wakefit.co raises Rs 185 crore in a funding round led by Verlinvest, Sequoia, valuation hits Rs 1,900 crore
The company aims to deploy the latest round of funding to penetrate into newer markets and foster product innovation.
Upon completion, the factory will create nearly 10,000 jobs with an initial annual capacity of 2 million units, it said in a statement.