Qualcomm Ventures leads Series E round in IoT device maker Borqs

For-M-Wallet-Story_ThinkstockPhotos-497365385Borqs International Holding Corp, which operates Internet of Things (IoT) device developer Borqs, has raised an undisclosed amount in its Series E round of funding led by Qualcomm Ventures, weeks before the firm is set to undergo a reverse merger, it said in a statement. In December 2016, the company entered into an agreement with […]

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Nagraj Kashyap-led Microsoft Ventures launches new fund for AI startups

US-based Microsoft Ventures, the venture capital arm of software giant Microsoft, announced on Monday that it has formed a new fund for investments in startups focused on artificial intelligence. Nagraj Kashyap, who heads Microsoft Ventures, confirmed the development in a blog post. The corpus of the new fund was not announced, but the company has […]

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Exclusive: AppsDaily gets $2 mn in bridge round from Kalaari, others

AppsDailyMobile app development and distribution company AppsDaily Solutions Pvt. Ltd has raised $2 million (around Rs 13.5 crore) in a bridge round of funding, regulatory filings show. The Mumbai-based company received funding from existing investors Kalaari Capital, Qualcomm Ventures, Russian venture capital fund ru-Net and Zodius Technology Opportunities Fund, shows information available with VCCEdge, the […]

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FabHotels gets $8 mn in Series A funding

FabHotels2Gurgaon based Casa2 Stays Pvt. Ltd that operates budget hotel aggregator FabHotels has raised $8 million (Rs  54.3 crore) in a Series A round of funding from a group of investors including existing investors Accel Partners and Qualcomm Ventures, Mint reported, citing a company executive. RB Investments and Mohandas Pai’s Aarin Capital also participated in […]

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Health-tech firm Attune raises $10M from Qualcomm, Norwest

Attune Technologies Pvt Ltd, a cloud-based healthcare technology solutions provider, has raised Rs 64 crore (about $10 million) in a funding round led by Qualcomm Ventures India. The Singapore- and India-based company’s existing investor Norwest Venture Partners (NVP) also participated in this round. Attune, which that manages patient data and work flow, will use the […]

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Qualcomm to create $150M India-focused VC fund

US-headquartered chipmaker Qualcomm Inc said on Sunday it will create an India-dedicated ‘strategic’ fund to invest $150 million (Rs 992 crore) in Indian startups. The firm is already an active investor in several Indian startups through its corporate venture capital arm Qualcomm Ventures. However, Qualcomm Ventures that essentially invests out of Qualcomm’s balance sheet as […]

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Rahul Yadav quits as Housing.com CEO, calls investors ‘intellectually incapable’

Housing.com CEO Rahul Yadav has resigned from his position at the online property search startup in a scathing letter to his fellow board members and investors calling them ‘intellectually incapable’. This comes ahead of a scheduled board meeting on Tuesday which is also to take up the issue of a new investor nominee of its […]

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Qualcomm Ventures in talks to invest in IoT, hyper-local & personalised e-com startups

Qualcomm Ventures, the venture investment arm of wireless technologies and data solutions major Qualcomm Inc., plans to invest in over five companies in India this year in areas such as hyper-local commerce and personalised e-commerce space, a senior executive of the fund told Techcircle.in. “In 2014, we did five investments. I think the pace that […]

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