India Digest: Predictronics Corp, Talview raise funds; FuelBuddy eyes $2m

Photo: Reuters

In the latest startup funding, TVS Motor (Singapore) has invested in US-based Predictronics Corporation while HRtech startup Talview has raised $6.75 million. In another development, FuelBuddy is looking to raise up to $2 million.

TVS Motor invests in Predictronics Corp

TVS Motor (Singapore) Pte. Limited, a wholly-owned subsidiary of TVS Motor Company Limited, India, has signed definitive agreements to invest $3.2 million in US-based Predictronics Corporation, per a statement.

Predictronics’ solutions combine expertise in IIoT, industrial AI, big data, machine learning, and predictive analytics to remove the uncertainty from industrial operations and improve process uptime, production planning, maintenance, and product quality by providing actionable information and accurate predictions.

Inventus Capital backs Talview

Bengaluru- and US-based human resources technology startup Talview has raised $6.75 million in a Series A funding round from Storm Ventures, Inventus Capital, Eileses Capital and Emergent Ventures.

The startup will use the funds for enhancing its insta-hiring platform and also expand operations globally. The  platform allows enterprises to reduce time to hire by allowing recruiters to automate repetitive tasks.

FuelBuddy eyes $2m funding

Fuel delivery startup FuelBuddy is looking to raise up to $2 million in funding from institutional investors, The Economic Times reported.

FuelBuddy is an on-demand fuel delivery app that helps track mileage, fuel consumption and costs. It currently caters to corporates but plans to expand to the B2C segment soon. The funds will be used to expand the business across India, the report added.