The funding will help CoreStack continue its rapid pace of growth and innovation with its AI-powered continuous and autonomous cloud governance at scale, while also making strategic headway with expansion into new markets.
The Mumbai-based company said in a statement it plans to use the funding to augment the company’s goal to deliver 6-8X growth in the next 5 years.
The company said in a press release that it will use the funds to expand its global footprint and invest in commercial, medical, technology and data science talent.
The startup said it plans to use the fresh funds to expand its healthcare offerings and hire more talent across technology, product and data science roles.
In a press statement on Monday, the company said that it would leverage the proceeds to consolidate its position by acquiring further talent and expand into the top thirty-five Indian cities by 2023.
Ashok Hariharan, founder and CEO at IDfy, said a billion more people globally are expected to enter the formal economy over the next 5 years.
The investment will provide Skybar access to the additional services of the Encubay network that include $2 billion worth of business credits and discounts.
Sun Mobility said in a statement this strategic investment will enable significant acceleration and expansion of the company’s services across India and select global markets.
The Mumbai-based company said in a statement it will use the funds to enhance its platform to innovate and penetrate deeper into the ecosystem in order to provide working capital solutions.
Vedant Katiyar, cofounder at Onato, said more than 60 per cent population of India is dependent on agriculture and yet tech penetration in the agri-supply chain is quite low.
A dog swims through the floodwaters following heavy rains at Periyar Nagar near Chennai.PTI Photo
The newly appointed Naval Chief Admiral R Hari Kumar inspects the Guard of Honour during a ceremony at South Block, in New Delhi.PTI Photo/Kamal Kishore
The newly appointed Naval Chief Admiral R Hari Kumar (R) being welcomed by the outgoing Naval Chief Admiral Karambir Singh at South Block, in New Delhi.PTI Photo/Kamal Kishore
In this image provided by Twitter, Parag Agrawal poses for a picture. Newly named Twitter CEO Agrawal has emerged from behind the scenes to take over one of Silicon Valley's highest-profile and politically volatile jobs.Ellian Raffoul/Courtesy of Twitter via AP
PSG player Lionel Messi reacts after winning the 2021 Ballon d'Or trophy during the 65th Ballon d'Or ceremony at Theatre du Chatelet, in Paris. Messi won the Ballon d'Or for seventh time.AP Photo/Christophe Ena
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