edelweiss

Rentomojo, a furnishing rental startup that provides furniture and appliances among others, has raised Rs 210 crore ($25 million) in a late-stage funding round led by Edelweiss Discovery.Existing investors Chiratae Growth Fund, as well as Magnetic, also participated in the round, as per a statement from the firm on Wednesday. The company declined ET’s request for comment on the valuation.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Product…

British pop singer Vince Hill, who reached No 2 in the UK charts in 1967 with a cover of The Sound of Music song Edelweiss, has died at the age of 89.Hill died peacefully at home in Henley-on-Thames, Oxfordshire on Saturday, according to a statement on his website. He had worked with leading lights from the world of entertainment including Dame Barbara Windsor, Dame Vera Lynn, Tony Christie and Cilla Black.The statement said: “Vince created a musical legacy … He and his tunes will remain forever in our hearts.” It added…

Healthtech startup THB Friday said it has raised $20 million in a growth-stage and equity-based funding round led by Filter Capital and Edelweiss Discovery Fund Series-I.Other investors included Cornerstone Venture Partners Fund (CSVP) and Healthquad, the statement said.THB, which stands for technology, healthcare and big data analytics, said it will use the fresh capital to expand its operations globally and accelerate growth in existing markets across South Asia, the Middle East and Southeast Asia.The Gurgaon-based…

The Insurance Regulatory and Development Authority of India (IRDAI) has granted new-age insurer Acko a licence to operate a life insurance business. The insurance regulator also gave a nod to microfinance company Credit Access to commence a life insurance business, as per a note from the regulator.The last company to have received a licence for life insurance was Edelweiss in 2011.Acko, which is backed by the likes of General Atlantic and Canada Pension Plan Investment Board (CPPIB), is close to raising a fresh funding…