Indian startups continue to attract investor interest. Agtech startup Utkal Tubers has secured funding from Irish investor IPM Potato Group while Pi Beam has bagged funding from Eagle10 Ventures. In another deal, HashedIn Technologies has entered into an agreement with Redis Labs to sell RDBTools.
Utkal Tubers gets funding from IPM Potato
Through the partnership with IPM, Utkal will license an extensive portfolio of new potato varieties with improved disease resistance and high yield potential for retailing in India, it said in a statement.
“The introduction of new potato varieties will add value for the farmer through improved yields and better resistance to drought and disease,” said Marcel de Sousa, a director at IPM.
Set up in 2017, Utkal Tubers had previously raised Rs 30 crore from CapAleph Indian Millennium SME Fund and Zephyr Peacock India Fund.
Eagle10 Ventures backs Pi Beam
The round also saw participation from venture capital firm Bluehill Capital and undisclosed high net-worth individuals (HNIs).
Founded in 2013 by Visakh Sasikumar, Pi Beam will use the financing proceeds to ramp up sales, launch new product development initiatives, and expand its team. The startup had previously raised seed funding from members of the Keiretsu forum, a global angel investor network.
Redis buys RDBTools from HashedIn
The acquisition by Redis Labs in an all-cash deal will put the Indian startup in the international arena, the company said in a statement. Financial details of the deal were not disclosed.
Redis is an open source, in-memory database, typically used in high-performance scenarios, with use cases including application caches, message brokers and even as a primary database. The company claims that Redis is currently being adopted by some of the world’s most reputed companies including Twitter, Snapchat and Github.