Augment

Immersive Labs and SOSV raises funds | Info Edge India has acquired Zwayam Digital


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UK’s cybersecurity trainer Immersive Labs, which helps enterprises increase their human capabilities in cybersecurity, has netted $75M in Series C. The proceeds would be used to scale its presence in the US and for increasing its headcount, as per reports.

Global VC firm SOSV has closed its special fund, which it calls a growth-stage fund to invest in startups in their Series B and beyond stages. Using these funds, it aspires to invest up to $5M in about 20-30 startups. Also, it aims to deploy its SOSV IV select fund, which was oversubscribed in 2019, for deep-tech startups.

Info Edge India has announced that it has acquired Zwayam Digital, a recruitment management SaaS platform, for Rs 61 crore. Info Edge India operates companies like Naukri.com, Jeevansathi.com, and 99acres.com. Zwayam, through the acquisition, hopes to make the most of the ecosystem, expertise, and resources that Info Edge has to offer. According to the press release, Zwayam will have its own independent identity.   

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AugmentBy PeopleAtom