Category: Investment

SLB to acquire majority ownership in Aker Carbon Capture

SLB, a global technology company, announced an agreement to combine its carbon capture business with Aker Carbon Capture (ACC) to support accelerated industrial decarbonization at scale. Bringing together complementary technology portfolios, leading process design expertise and an established project delivery platform, the combination will leverage ACC’s commercial carbon capture product offering and SLB’s new technology…

SuperK raises $6 mn funding from Blume Ventures, others

SuperK, which runs retail supermarkets in tier 3 towns and beyond, has raised $6 million (Rs 50 crore) in a funding round led by Blume Ventures, according to ETtech report. Investors like Silver Needle Ventures, Veltis Capital and Atrium Angels, among others, participated in the round. The firm did not disclose the valuation at which…

Accenture invests in Sanctuary AI

Accenture has made a strategic investment, through Accenture Ventures, in Sanctuary AI, a developer of humanoid general-purpose robots that are powered by AI and can perform a wide variety of work tasks quickly, safely and effectively. “AI-powered humanoid robots are essential to reinventing work and supporting human workers as labor shortage is becoming an issue in many…

Weave Living and KKR establish urban living strategic partnership in South Korea

WEAVE LIVING (“Weave”), Asia Pacific’s preeminent living sector specialist, and KKR, a leading global investment firm, announced the establishment of a strategic partnership to invest in rental housing assets in South Korea, with a focus on Seoul. The strategic partnership will target to build a rental housing asset portfolio of c.1,200 units with the initial tranche of…

ParkSmart secures funding from Japanese Investors and Gruhas – Nikhil Kamath’s Proptech Fund

ParkSmart, a leading B2B SaaS company focused on building the largest inventory of parking spaces by providing smart parking solutions, has announced its investment from Sin Growth Partners led by Hiro Mashita, Gruhas Proptech, strategic angels including Rajveer Ranawat (ex MD, AIG Direct Investments Europe) and Ameet Desai (ex Group CFO, Adani Group). Founded by five visionary entrepreneurs…

Logistics startup JustDeliveries raises $1 mn funding led by Nabventures

JustDeliveries, a provider of logistics solutions for perishables, has raised $1 million in a pre-Series A funding round led by Nabventures, according to ETtech report. Other investors including Faad Network, Anay Ventures, Caret Capital and Mahansaria Family Office also participated in the round. Nabventures, a subsidiary of the Indian government’s National Bank for Agriculture and…

Real estate management platform Aeria secures $1.8 mn funding led by Kalaari Capital

Aeria, a tenant experience and asset management platform for commercial real estate, has raised $1.8 million in pre-seed funding led by Kalaari Capital and Foundamental along with AC Ventures, AL Trust among others, according to ETtech report. Founded by former co-founder of OxfordCaps, Priyanka Gera accompanied by IIM alum Piyush Kateja, Aeria uses technology and…

Canva acquires design platform Affinity

Canva, the world’s only all-in-one visual communication platform, announced the acquisition of Affinity, the award-winning creative software suite for professional photo editing, illustration, graphic design and page layout. The acquisition significantly bolsters Canva’s vision to build the world’s most comprehensive suite of visual communication tools. While the last decade has seen rapid growth for Canva amongst…

SmartBear announces investment in India

SmartBear, a leading provider of software development and visibility solutions, is increasing its investment in India as the market potential for software development solutions in the region continues to expand. SmartBear launched a new DevOps Academy, a best-in-class DevOps training program in Bangalore to prepare entry-level participants with the hands-on skills and confidence to be…

Arapl RaaS secures Rs 38 cr funding and appoints new CTO

In a strategic move towards bolstering its technological capabilities and expanding its reach in the market, Arapl RaaS has recently secured significant funding of Rs 38 crore from its parent company ARAPL (Affordable Robotic and Automation Limited). This infusion of capital comes as part of a larger rights issue totalling Rs 48 crore, indicating strong…

APSEZ acquires Gopalpur Port in Orissa for INR 3,080 crore

Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest ports and logistics company, has entered into a definitive agreement to purchase the 56% stake of the SP Group and 39% of Orissa Stevedores Limited (OSL) in Gopalpur Port Limited (GPL). The acquisition is made at an enterprise value of INR 3,080 crore, and the…

Accenture completes acquisition of Mindcurv

Accenture has completed the acquisition of Mindcurv, a cloud-native digital experience and data analytics company specializing in composable software, digital engineering and commerce services for more than 200 clients worldwide. With this acquisition, Accenture Song—the world’s largest tech-powered creative group—will further expand its commerce services for clients globally, a statement said. The acquisition of Mindcurv previously…

Yenmo raises $500,000 in seed funding round led by Y Combinator

Fintech platform Yenmo, which provides instant loans against mutual funds, has raised $500,000 in a seed funding round led by US-based startup accelerator Y Combinator, according to ETtech report. Founded by Aryan Agarwal and Ashutosh Purohit, Yenmo enables its users to borrow against their investments at a flat 10.5% interest rate. Investors can view all…

KKR announces investment in Avantus

KKR, a global investment firm, announced the signing of a definitive agreement pursuant to which investment funds and accounts managed by KKR agreed to acquire a majority stake in Avantus, a premier U.S. developer of large utility-scale solar and solar-plus-storage projects. Following the close of the transaction, KKR and existing investor EIG, a leading institutional investor in…

Liquidnitro Games raises $5 mn seed funding led by Nexus Venture Partners

Liquidnitro Games, which provides a variety of services to game publishers, has raised $5.25 million in a seed funding round led by Nexus Venture Partners, according to ETtech report. The firm did not disclose the valuation at which the funding happened. The funds will be used to boost capabilities around art, design, engineering, product and…