Everlife Holdings Pte. Ltd., a manufacturer and distributor of medical devices and laboratory equipment and consumables in Asia, has appointed Ramesh Subrahmanian to the company’s Board of Directors. Ramesh currently serves on the Board of Directors at Healthium, a global medical devices company, while also managing his own advisory firm Alchemy Advisors. In his new…
Arthur J. Gallagher & Co. has announced that it has purchased the remaining shares of Edelweiss Gallagher Insurance Brokers Limited from Edelweiss Financial Services Limited, following a minority investment in 2019. Terms of the transaction were not disclosed. The deal is subject to approval by the Insurance Regulatory and Development Authority of India. Headquartered in…
Licious, a Bengaluru-based consumer food company, has announced that it has raised $192 million in Temasek led Series F funding round. Multiples Private Equity, Brunei Investment Agency along with existing investors Bertelsmann India Investments, 3one4Capital, Vertex Growth Fund and Vertex Ventures Southeast Asia and India participated in the latest funding round. Speaking on the fundraise, Co-founders…
Lionbridge, the premier video game globalization and publishing services partner, has acquired Rocket Sound, a sound services company based in Los Angeles, California. With this acquisition, Rocket Sound will become part of Lionbridge Games, a division of Lionbridge that provides a full suite of end-to-end testing, audio, localization and crowd services for game developers, publishers…
Sun Life Financial Inc. has announced the completion of its acquisition of Pinnacle Care International, Inc., U.S. health-care navigation and medical intelligence provider. Based in Maryland, PinnacleCare has more than 170 employees. PinnacleCare will become part of Sun Life’s U.S. Stop-Loss & Health business, an independent stop-loss provider in the country. According to a statement,…
Boyd Corporation, an innovator of engineered materials and thermal management technologies, has announced the acquisition of GMN, a Seattle, Washington-based global provider specializing in the development of customized solutions and products for industries, including medical, eMobility, and aerospace. GMN’s technology offerings include Human Machine Interface solutions (backlit membranes, sensors, and capacitive touch devices), graphic overlays,…
Poonawalla group acquired Magma Fincorp Ltd has announced the joining of Sanjay Miranka as its Group Chief Financial Officer (Group CFO). Sanjay will lead the group’s resource raising, regulatory compliance & governance, investor interactions, corporate legal, and work with the MD and Group CEO on the strategic transformation. Sanjay is a qualified CA and CS…
Litera, a global provider of legal technology solutions, has announced that it has completed the acquisition of UK-based Objective Manager, a SaaS strategic planning and performance platform for the legal market. Objective Manager is a multi-tenant SaaS platform for strategic planning, performance management, and talent engagement in law firms. “We are committed to investing heavily…
Telcoin, a fintech operating at the intersection of decentralized finance and telecommunications, has closed US$10 million in pre-series A equity financing. “This round is a major milestone for a blockchain company founded in 2017,” said Paul Neuner, Telcoin founder and CEO. “It’s also proof that people everywhere are tired of overpaying for basic financial services…
Enterprise commerce AI provider Hypersonix has announced that it has raised $35 million in B Capital Group led Series B round. Intel Capital, Magicus Ventures, Firebolt Ventures, and Gokul Rajaram also participated in the latest funding round, among others. Rama Rao, Co-founder, Chief Product and Data Officer at Hypersonix, commented, “Being a leader in implementing state-of-the-art technology, we are…
Pietra has announced it has raised $15M in a Series A funding round led by Founders Fund with participation from Andreessen Horowitz, TQ Ventures, Abstract Ventures and other strategic investors. The capital injection will be used to grow the internal team, expand the platform and supplier marketplace. “I’m a firm believer that anyone with entrepreneurial…
F&V startup Gourmet Garden has announced that it has raised Rs 25 crore led by Beyond Next Ventures, M Venture Partners, among others. Existing investors Whiteboard Capital and Incubate India also participated in the funding round. Commenting on the announcement, Arjun Balaji, Co-founder and Director, Gourmet Garden, stated, “We are fulfilling the consumer need-gap for…
Shogun, an e-commerce experience platform, has announced that it has raised a $67.5 million Series C round of funding led by new investor Insight Partners, with participation from existing investors Initialized Capital, Accel and VMG Partners. This brings the company’s total funding to $114.5 million. Shogun will use this latest funding to accelerate product development…
The Sleep Company has announced that it has secured Rs 13.4 crore in Fireside Ventures led pre-series A round. The round also saw investment from LogX Ventures and founder of Mamaearth – Varun Alagh (in individual capacity). Partner and CFO of Fireside Ventures – Dipanjan Basu will join the Board of the company. Speaking on the announcement, Harshil Salot, Co-founder, The…
Energy-tech startup ION Energy has announced that it has secured $3.6 million in its pre-Series A financing round. The latest round saw participation from Amazon’s Climate Pledge Fund, Climate Capital of Silicon Valley, YourNest Venture Capital, Venture Catalysts, Riso Capital, and other investors. Akhil Aryan, Co-founder and CEO at ION Energy, said, “Globally, we believe…