TVS Motor invests $7m in US-based data analytics startup Scienaptic

Making yet another strategic investment in startups, TVS Motor Company Limited, through its wholly-owned subsidiary TVS Motor (Singapore) Pte Limited, has signed a definitive agreement with New York-based Scienaptic Systems Inc to invest $7 million in the latter’s series-A funding. The company, in a filing to the BSE, said that the closing of the investment is subject to obtaining necessary regulatory approvals.