You are currently viewing Daily roundup (December 3, 2021)

Daily roundup (December 3, 2021)

Funding news

Marketing tech platform Almond Solutions raises undisclosed amount from HEXA Global.

Marketing technology and customer engagement solutions platform Almond Solutions has raised an undisclosed amount from Texas, US-headquartered investment firm, HEXA Global Ventures. Almond Solutions was incorporated as part of Gurugram-headquartered gaming, IoT and content distribution company, ATechnos.

Founded in 2018 by Abhinav Jain and Apurv Modi, Almond Solutions will utilise the capital to grow its Platform-as-a-Service by scaling up operations, investing in team expansion and product innovation, said a statement issued by the company.

“We wanted a partner who’d not just bring the growth expertise but also an ability to understand our ethos. With HEXA, we have begun our venture strategy for American and European Markets,” said Abhinav Jain, Co-Founder and CEO of Almond Solutions.

The company works with brands, corporates, media and not-for-profit organizations, offering them customer engagement technology across video, virtual and digital engagement modules.

General News

Battle of the EVs: A price comparison of electric two-wheelers in Indian market

Bengaluru-headquartered Bounce entered the electric vehicle (EV) fray with the launch of its Infinity e-scooter on Thursday, priced at Rs 68,999 with battery and charger. Earlier this year, the startup had acquired 22 Motors for technology to build out the line of electric scooters.

Bounce, which started out as an app-based shared mobility solutions company, enters a space that includes heavyweights such as Ola Electric, which is valued at nearly $3 billion and has raised $526 million to date.

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