EIG, an institutional investor to the global energy and infrastructure sectors, has announced that it has entered into a definitive agreement under which it will acquire a 10% interest in Australia Pacific LNG Pty Limited from Origin Energy Limited for an equity purchase price of $1.592 billion. This agreement represents the first ever acquisition of…
Taulia, the fintech provider of working capital solutions, has announced the appointment of Todd Musselman as Chief Wellbeing Officer. Under Todd’s leadership, Taulia aims to strengthen its wellness culture, empowering its 300+ employees around the world to put their wellbeing first, helping them maximize their professional and personal performance and development. Cedric Bru, CEO at…
Ola, India’s mobility platform, has planning to hire 10,000 new people, as it eyes a market leadership position with $2 Billion GMV for its vehicle commerce platform Ola Cars over the next 12 months. Ola Cars has already sold 5,000 pre-owned cars in its first full month of operation, the company said in a statement.…
Riiid, the AI for education (AIEd) solution company, and BasicFirst Learning, a personalized e-learning platform based in India, has signed a partnership agreement to deliver AI-driven education. By integrating Riiid’s AI solutions into BasicFirst Learning’s online tutoring platform, the partnership will offer a new level of personalized learning experiences for students in the region. Riiid…
Global investment firm Carlyle has announced that its Global Credit platform has provided the debt financing package, alongside Pemberton Asset Management, to support the acquisition of Cesar di Barbarossa Enio e F.lli S.r.l., Gruppo SDA S.r.l. Servizi Distribuzione Associati and VDM by an affiliate of H.I.G. Capital, LLC. The Companies operate under the Acqua &…
Kerala-based EduTech startup HomeSkul, a venture of Zillion Nerves Innovative Technology, has launched its first home-grown after school e-learning app which provides Artificial Intelligence (AI) and Augmented Reality (AR) powered personalized learning experience for students. Commenting on the app launch, founder and CEO of HomeSkul, Jaganathan Ram said, “Innovation in quality content, pedagogical approach and…
Vertex Group has announced the appointment of Mr. Farouk Khailann as Senior Executive Advisor to the board & Mr. Shitij Taneja as Chief Commercial Officer for Vertex Next (Middle East & Africa). Farouk Khailann is the Chief Executive Officer of Premium Africa Holdings, an Africa focused investment holding company with assets and projects in Ghana,…
India’s platform-first martech startup, Wondrlab, has raised $7 million in a round of pre-series funding. The round was led by Pi Ventures LLP, Tanas Capital, Prodapt Holdings and several independent investors including Priyamvada Balaji of Lucas Indian Service and Gopal Srinivasan of TVS Capital. The startup will utilise its newly acquired funds towards driving inorganic…
Blockedge Technologies Inc., a subsidiary of SecureKloud Technologies Ltd. has announced the launch of its Blockchain Network Management Platform. The company said in a statement, “Blockedge provides a simplified plug-and-play BaaS platform that stands in contrast with built-from-scratch manual solutions. The Blockedge platform entails zero-coding, facilitates the generation of iterative dApps, provides multi-cloud and multi-chain…
Yu, a consumer brand that is re-imagining consumer packaged foods with their 100% natural Instant Meal Bowls, has secured USD 1 million in its pre-Series A round. The round saw participation from Manish Choksi and Varun Vakil, part of the Asian Paints promoter group, Lalvani family, UK-based food & hospitality group; Nikhil Srivastava, Head of…
B12, an online platform for professional services firms, has announced $15.7M in funding led by Tola Capital with participation from Breyer Capital, General Catalyst, Naval Ravikant, and others. It will use the new financing to accelerate growth, recruit talent, and continue building tools that allow small service businesses to survive and thrive as they face…
SaaS Startup ProfitWheel has recently announced securing a total capital raise of USD 3 million. 50% of the total investment amount was acquired from Netcore Cloud, an acquisition, engagement and retention company and ProfitWheel co-founder, Vivek Bhargava. The remaining 50% of ProfitWheel’s investment is from over 15 Indian business leaders who have invested the remaining…
Uptake has announced the appointment of U.S. Army Brigadier General (Retired) Leo A. Brooks Jr. as an advisor. Brooks will provide strategic leadership on the deployment of Industrial AI and Analytics. “We’re honored to welcome General Brooks. In his twenty-seven years of distinguished service to our nation, he built and led integrated operations across the…
Iyuno-SDI Group, a global localization and media services partner to the world’s content producers and distributors, has announced its investment in UK-based technology provider, Ortana Media Group. Financial terms were not disclosed. Founded in 2012 by CEO James Gibson, Ortana has established a market presence in Australia, Europe, New Zealand, South Asia, North America and…
Pine Labs, a merchant commerce platform, has announced the appointment of Phanimohan Kalagara as its new CTO. Phanimohan Kalagara is a M.S. in Computer Science from Utah State University and has over two decades of experience of working with companies in the United States and India. Phanimohan has extensive experience in the field of technology…