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A consortium led by KKR that includes Temasek, announced that it has completed the acquisition of an investment in Vinhomes Joint Stock Company, the leading integrated real estate developer in Vietnam. The KKR-led consortium has collectively invested VND15.1 trillion (US$650 million) which translates into a c.6% equity stake in Vinhomes. Following the transaction, Vingroup Joint…
Afiniti, the world’s leading applied artificial intelligence provider of enterprise behavioral pairing solutions, announced that Dame Jennifer Smith, 7th Premier of Bermuda, and Peter Riepenhausen, Chairman of The Resource Group, have been appointed members of Afiniti’s Board of Directors. Dame Jennifer Smith was the first female Senator, first female Deputy Speaker, and first female Premier…
OneWeb, the communications company whose mission is to bring connectivity to governments, businesses, and people everywhere, announced that it has entered into an agreement with a consortium led by HMG (through the UK Secretary of State for Business, Energy, and Industrial Strategy) and Bharti Global Limited for the acquisition of the OneWeb business in connection…
Biophytis SA, a clinical-stage biotechnology company specialized in the development of drug candidates for treatment of aged related diseases, including neuromuscular diseases, announced a €6.1 million private placement. The capital increase will be completed with the participation of institutional U.S. and European investors. H.C. Wainwright & Co., LLC is acting as the exclusive placement agent…
The UK India Business Council, a premier membership-led organisation supporting the UK Government in the promotion of trade, business and investment between the two countries, announced that it has signed a Memorandum of Understanding (MoU) with Maharashtra Industrial Development Corporation (MIDC), the premier industrial infrastructure development agency of the Government of Maharashtra. This business framework…
Stride Ventures, a Delhi-based investment firm that provides hands on support to startups for their financing requirements complimenting the equity raise, announced that it has led a debt round of about Rs 25 crore in Bulk MRO, a full-stack B2B platform for industrial supplies. The venture fund has also partnered with one of India’s leading…
Gobbly, a Gurugram-based contactless retail-tech startup run by Rudraksha Tech Labs Pvt. Ltd, announced that it has raised $500,000 in a seed funding round led by Sauce.vc, according to a VCCircle report. The Gurugram-based company has raised this capital from early-stage consumer-focused venture firm Sauce.vc, it said in a statement. Other startups in Sauce.vc’s portfolio…
Big Bang Boom Solutions (BBBS) Pvt. Ltd, a Chennai-based defense startup and a deep tech defense solutions integrator focused on developing indigenous intellectual property, announced that it has raised $1 million from Mumbai Angels Network. Founded in 2018 by Praveen Dwarkanath and Shivaram Ramaswamy, Big Bang is involved in developing technologies focused on the needs…
Informatica, the enterprise cloud data management leader, announced that it has acquired Compact Solutions LLC to bring expanded metadata management to the Informatica Intelligent Data Platform, powered by the CLAIRE AI engine. Informatica said that the acquisition will strengthen its current leadership in metadata-driven AI and automation and extends capabilities that enable Informatica customers to…
Drop, the leading smart kitchen platform, announced the addition of Cynthia West as Vice President of Global Sales. Prior to this role, Cynthia was working with PROS where she led and coached the sales team to the company’s largest SaaS deal at that time. “Cynthia joining our team, with her years of sales leadership, signals…
Affle (India) Limited through its subsidiaries (“Affle”), announced the signing of a definitive agreement to acquire 8.0% ownership in OSLabs Pte. Ltd., Singapore (“Indus OS”). Indus OS operates India’s largest independent indigenous app store, with key investment from Samsung Venture Investment Corporation. Indus OS’ key offering – “Indus App Bazaar” has over 400,000 apps accessible…
NIIT University (NU), established with a vision to bring about innovation in higher education and learning in emerging areas of the knowledge society, announced the appointment of Dr Prabhu Aggarwal, as the next President for NU. He succeeds Prof VS Rao, whose tenure ended on June 30, 2020. Dr Aggarwal comes with extensive global expertise…
LT Foods, a consumer food company, announced the appointment of Vikas Magoon as a Managing Director for its European subsidiary LT Foods Europe BV. Magoon has more than 25 years of experience in the Consumer Sector. Prior to this role, Magoon was the CEO of a leading Food Company in the United Kingdom. He has worked…
Reliance Industries Limited and Jio Platforms Limited, announced that Intel Capital will invest ₹ 1,894.50 crore in Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. Intel Capital joins the list of marquee firms who have recently invested in Jio Platforms, taking the total…
Zydus, an innovation-driven global pharmaceutical company, announced that it’s plasmid DNA vaccine candidate for COVID-19 (ZyCoV-D) developed indigenously at its Vaccine Technology Centre in Ahmedabad, India has successfully completed the preclinical phase and has now received permission from the Drug Controller General of India – Central Drugs Standard Control Organisation (CDSCO) to initiate Phase I/II…