ICICI Venture Invests Rs 100 Cr in Arteria Technologies

Mumbai, Jul 10 (PTI) ICICI Venture on Thursday said it has invested Rs 100 crore to buy stakes in supply chain-focused software-as-a-service company Arteria Technologies.

The funding will be deployed for team expansion, market growth, and driving AI-based product improvement as the company scales its enterprise supply chain digitisation and embedded lending solutions, according to a statement.



******************


* Clean Fanatics raises USD 2 million from Inflection Point Ventures, others



Clean Fanatics, a home cleaning platform, on Thursday said it has raised USD 2 million in a funding round led by Inflection Point Ventures.

The company has grown its revenues by 8 times in the last two years and is servicing over 2,500 homes per month right now, a statement said.

******************


* Digital Connexion appoints Srinivasan as CEO



Digital Connexion, a joint venture between Brookfield Asset Management (Brookfield), Reliance Industries and Digital Realty, on Thursday announced the appointment of C R Srinivasan as its chief executive officer.

Srinivasan has served as the CEO of Sify Digital Services and has also led the Tata Communications' cloud and cybersecurity business, according to a statement.