Fractal turns 🦄, Good Creator Co.👧🏻, Delhivery invests in Falcon🚚

AI tech startup Fractal turns unicorn, Good Glamm acquires Winkl & Vidooly, Delhivery invests in Falcon Autotech, Funding Deals & more.

Jan 06, 2022

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AI tech startup Fractal turns unicorn after $360M investment from TGP🧠

Fractal, an Artificial Intelligence startup based in New York, has raised $360 million from TPG Capital, a global private investment firm.

Srikanth Velamakanni, co-founder & Group CEO, Fractal

TPG's involvement in Fractal includes a mix of primary investment and a secondary share purchase from funds advised by buyout firm and existing investor Apax Partners. The share purchase deal will close by the first quarter of this year, following which Apax will continue to remain a major shareholder of the startup.

Fractal was weighing options including an initial public offering or a private investment that would value the startup at more than $1 billion, Bloomberg News reported in July.

The startup has over 3,500 employees spread across 16 locations around the globe including the United States, United Kingdom, India, Singapore, Ukraine and Australia.

Good Glamm acquires Winkl, Vidooly; consolidates content biz under Good Creator😉

The Good Glamm Group, which is on acquisition spree, has added influencer marketing platform Winkl and content and creator analytics startup Vidooly to its broader beauty and personal care portfolio.

The Group, which recently became a unicorn or a startup valued at over $1 billion, also unveiled a separate platform named The Good Creator Co. (GCC), under which it has consolidated all its existing and acquired businesses focused on content creation and influencers marketing categories, the company said in a statement on Wednesday.

Plixxo and Winkl, which have 250,000 influencers and reach over 70 million users every month, will be part of GCC. And Vidooly will be joined by MissMalini, a leading celebrity and macro-influencers talent management and creative agency. Last month, the Good Glamm Group acquired Miss Malini.

MyGlamm was founded in 2017 by Darpan Sanghvi and Priyanka Gill. The company also owns POPxo (a tweens' focused cosmetics brand) and Baby Chakra, in addition to MyGlamm (a cosmetics brand).

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IPO-bound Delhivery invests in Falcon Autotech🚚

IPO-bound logistics firm Delhivery has invested an undisclosed amount in Falcon Autotech, a logistics automation solutions provider.

This investment is in line with Delhivery's stated objective of sustained investments in future-ready hardware solutions in its operations, the company said in a statement. With this partnership, Delhivery expects to work closely with Falcon Autotech to design and implement new automation solutions for transportation and warehousing operations.

The partnership will also enable the bundling of the hardware automated solutions along with Delhivery’s SaaS platform, one of the proposed growth verticals for Delhivery in the national and international market, the startup added.

Delhivery (including Spoton) already operates 20 automated sortation centres, 124 gateways, and 83 fulfillment centres across India as of June 30, 2021.

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