Mwyn Tech, which operates the digital banking platform Freo, has raised debt funding from the Small Industries Development Bank of India (Sidbi), according to ETtech report. The company will utilise the funds for growth into newer categories and segments as well as to expand into new pan-India geographies. Founded in 2015, Freo provides digital banking…
Homegrown social media platform for travellers Explurger has raised $4.5 million in a Series A funding round led by Affle (India) Limited, at a pre-money valuation of about $40 million, according to ETtech report. With this investment, Affle’s stake in the company now stands at 9.03%, the company said in a statement. The freshly acquired…
Wipro Limited, a leading technology services and consulting company, announced that it has made a significant investment in Aggne, a leading consulting and managed services company serving insurance and Insurtech industries. With this investment, Wipro becomes a majority shareholder in Aggne, which brings to Wipro a highly sought-after and unique set of capabilities and Intellectual Property (IP)…
Tata Elxsi, amongst the world’s leading design and technology service providers, strategically expands its presence in Pune with the inauguration of a new Global Design and Engineering center in Sukhwani Business Hub, Chinchwad. The new center is specifically tailored to cater to the technology and digital transformation priorities of key automotive OEMs and Tier 1…
HiBob, the company behind Bob, the modern HR platform for midsized multinationals, announced the acquisition of cloud-based UK payroll automation platform Pento, subject to closing conditions. Following the release of HiBob’s Payroll Hub in 2021, the deal represents the next step towards providing an ‘all-in-one’ experience, allowing UK businesses to efficiently solve payroll complexity, a statement said. Pento…
Accenture has entered into an agreement to acquire Insight Sourcing, a provider of strategic sourcing and procurement services. Insight Sourcing will broaden Accenture’s sourcing and procurement services for private equity companies and the consumer goods, retail, technology and industrial industries, as per the statement. Insight Sourcing helps its clients optimize costs when sourcing and negotiating contracts…
Supertails, a full-stack pet-care startup, has raised Rs 125 crore in its Series B round led by RPSG Capital Ventures with participation from existing investors like Fireside Ventures, Saama Capital, DSG Consumer Partners and Sauce VC, according to moneycontrol report. The Deepika Padukone-backed company will use the money to begin offline operations, invest in technology and…
Bugcrowd, a 12-year-old crowdsourced cybersecurity startup, has raised $102 million in Series E funding that will help it boost staff to expand internationally and finance potential acquisitions, according to Reuters report. General Catalyst led the funding round, with participation from existing investors Rally Ventures and Costanoa Ventures. Bugcrowd is known for its bug bounty program…
Rite Water Solutions announced it has successfully concluded its second and final part of series – B funding round, securing an investment of INR 32.5 crore from an eminent group of investors. The round saw participation from ace investor Mukul Agrawal, a prominent figure in the Indian stock market, and Gunavanth Vaid, a respected MSME investor and others…
Student accommodation platform Amber has raised $21 million in its first round of institutional funding, led by Mumbai-based private equity firm Gaja Capital, according to ETtech report. The round comprises $18.5 million in fresh equity and the remaining in venture debt from Lighthouse Canton and Stride Ventures. The funds will be used for global expansion…
The Board of Directors of Rane (Madras) Limited (RML), Rane Brake Lining Limited (RBL) and Rane Engine Valve Limited (REVL), at their respective meetings held today, have approved the proposed reorganization through a scheme of arrangement which entails merger of RBL and REVL into RML. The merger significantly simplifies the group structure by consolidating listed…
SaaS startup Attentive, an artificial intelligence (AI)-based commercial landscape and construction software provider, has raised $7 million in a funding round led by Singapore-based venture capital firm Vertex Ventures Southeast Asia and India, according to ETtech report. The round also saw participation from existing investors including Peak XV Partners and InfoEdge Ventures, as per a…
Y Combinator-backed AI startup Crux has raised $2.6 million in seed funding round led by Emergent Ventures, with participation from Y Combinator and Neon Fund, according to ETtech report. The round also saw participation from early backers like First Cheque and other investors. Crux is backed by industry veterans in product & technology like Tej…
Blue Yonder, a leading supply chain solutions provider, announced its acquisition of flexis AG, a flexible, innovative software technology provider specializing in production optimization and transportation planning and execution. With a robust customer base in the automotive and industrial original equipment manufacturer (OEM) sectors, flexis strengthens Blue Yonder’s capabilities to help companies with highly configurable products…
MSCI Inc., a leading provider of mission-critical decision support tools and services for the global investment community, announced it has signed a purchase agreement to acquire Foxberry, a London-based provider of front-office index technology for investors. Foxberry was founded in 2014 with the mission of building and delivering investment solutions that are driven by technology,…