ACC Limited, subsidiary of Ambuja Cements Limited and a leading entity in the cement and building materials sector currently holds 45% stake in Asian Concretes and Cements Private Limited (ACCPL). Today it announced the successful acquisition of the remaining 55% stake in ACCPL from its existing promoter at an Enterprise Value of Rs. 775 Cr…
Search startup Perplexity AI has raised $73.6 million from a group of investors including Nvidia and Amazon founder Jeff Bezos, the latest example of investors hunting for AI startups that challenge incumbents, according to Reuters report. The round was led by venture capital firm IVP and valued the company at about $520 million, according to the company.…
Virgin Music Group (VMG), a division of Universal Music Group (UMG), the world leader in music-based entertainment, announced the acquisition of Saban Music Latin. Under the terms of the transaction, Virgin Music Group will acquire Saban Music Latin’s catalogue and Virgin Music Group will release future albums by selected Saban Music Latin’s artists, a statement said. Selected artists included in Saban…
Sourcefit, a leading international business processing outsourcing (BPO) provider with operations centers in the Philippines, South Africa, Dominican Republic and Armenia, has successfully closed a significant strategic investment, attracting investments from prominent players 9 Basil, NextGen Ventures, and Rocket Equities. The strategic investment round demonstrates a decisive vote of confidence in Sourcefit’s business model and potential. Rocket Equities,…
FPT’s automotive technology subsidiary – FPT Automotive – officially opens its new office in Pune, India. This move aligns with FPT Automotive’s strategy to expand its global reach and workforce, following the company’s launch in Texas, USA in December 2023. With this new office, FPT Automotive expects to enhance its presence and delivery capacity to better serve…
Online meat and seafood startup Captain Fresh has raised Rs 110 crore in funding from Andhra Pradesh-based Nekkanti Sea Foods and investment firm Shakti Finvest, according to ETtech report. The funding was done through an issue of 1,102 convertible preference shares at a price of over Rs 9 lakh each, the firm said in a…
Accenture has completed the acquisition of 6point6, a U.K. technology consultancy, specializing in cloud, data, and cybersecurity. The acquisition enhances Accenture’s strategy and architecture capabilities, with a particular emphasis on central government, defense and security, and financial services, a statement said. The acquisition was previously announced on October 31, 2023, and adds approximately 400 technologists to serve…
Maidaan, a social edutainment platform raised an undisclosed amount in a Pre-Seed Round led by Inflection Point Ventures and EvolveX. We Founder Circle also participated in the round. The funds will be utilised primarily for driving product development, innovating on content, games, and tournament formats, a statement said. Maidaan stands as an innovative peer-to-peer edutainment…
Dr. Reddy’s Laboratories Ltd. (Dr. Reddy’s), announced that it has acquired MenoLabs business, a leading women’s health and dietary supplement branded portfolio from Amyris, Inc. (Amyris) in Amyris’ Chapter 11 sales process. Dr. Reddy’s acquired the entire MenoLabs supplements portfolio which includes seven branded products designed to provide health support and address symptoms of perimenopause…
Robin AI, the AI-powered legal copilot, announces that it has raised $26 million in new funding. The Series B round is led by Temasek, a global investment company headquartered in Singapore. Other investors include QuantumLight, Plural and AFG Partners. Robin AI was founded in 2019 by Richard Robinson, a lawyer at Clifford Chance, and James Clough, a machine learning research scientist…
KKR & Co. Inc. and The Global Atlantic Financial Group LLC (Global Atlantic) announced the closing of the previously-announced transaction in which KKR is acquiring the remaining 37% of Global Atlantic, increasing KKR’s ownership to 100%. KKR acquired a majority of Global Atlantic in 2021, and since that time, KKR has served as Global Atlantic’s asset manager,…
LumiraDx Limited, a next generation point of care diagnostics company, announced the appointment of joint administrators for two of its subsidiaries. The administrators have signed a definitive agreement to sell certain companies of the LumiraDx group related to LumiraDx’s innovative point of care technology to Roche. The Company announced that Andrew Johnson, Lisa Rickelton and…
Monex Group, Inc., a leading Japanese financial group that runs online brokerage, crypto exchange, and asset management business in Japan and globally, will acquire the majority stake of 3iQ Digital Holdings, Inc. (together with its subsidiaries “3iQ”), a pioneer in crypto asset management in Canada. 3iQ stands at the forefront of digital asset innovation. This trailblazing firm, licensed in Ontario, Canada, has…
ENGIE Brasil Energia, the largest 100% renewable energy company in Brazil, and CDPQ, a global investment group, announced an agreement for the sale by ENGIE Brasil Energia of a 15% stake in Transportadora Associada de Gás S.A. (TAG) to CDPQ. The transaction is valued at BRL 3.1 billion, approximately CAD 848 million, subject to usual price adjustments. As…
Innovative International Acquisition Corporation (IOAC), formerly a Cayman Island registered blank-check special purpose acquisition company, and Zoomcar, Inc. (Zoomcar), an emerging market focused peer2peer car sharing company, announced the closing of their previously announced merger (the “Business Combination”). Prior to Closing, IOAC transferred by way of continuation out of the Cayman Islands and into the…