Astra Microwave Products Ltd, a Hyderabad-based company, has raised around Rs 65 crore ($9.7 million) via qualified institutional placement (QIP) while visual search engine startup Streamoid Technologies Pvt Ltd has raised an undisclosed amount in angel funding.
Astra Microwave raises funding through QIP
Astra Microwave which designs, develops and manufactures sub-systems for radio frequency (RF) and microwave systems used in defense, space, meteorology and telecommunication, has raised funding through QIP, as per a stock market disclosure.
It issued 47.8 crore shares at Rs 135.8 each, including a premium of Rs 133.8 a share to unnamed qualified institutional buyers.
The company also manufacturers associated digital electronics for original equipment manufacturers of radars, telemetry equipment, satellite communications etc. It has four operational manufacturing facilities in Telanagana.
Shares of Astra Microwave were trading at Rs 135.70 each, up 0.71 percent on BSE in a strong Mumbai market on Wednesday at 1.15 PM.
Streamoid Technologies raises $1m in angel funding
Streamoid Technologies has raised $1 million in angel funding from couple of unnamed investors from Bangalore and Silicon Valley, VCCircle reported citing company’s co-founder Sridhar Manthani.
Founded in 2011, Streamoid Technologies operates through its online portal streamoid.com and serves as a visual search platform.
It offers two products- piQto which serves as an exact search matching engine for the publisher and piQalike serves as a similar matching engine for the fashion retailer. Bangalore-based firm has an additional office in US also.
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