Globant, a digitally native company focused on reinventing businesses through innovative technology solutions, announced the acquisition of Iteris Holding Ltda., a Brazilian business and technology consultancy focused on delivering digital transformation. This acquisition enhances Globant’s current operations in Brazil by adding top local digital capabilities and an impressive client roster, a statement said. Founded in 2009 in…
Maxposure Limited, a prominent entity in the new-age media and entertainment sector, specialising in the aviation market, announced the successful acquisition of Bluebird Advertising Pvt. Ltd. (Bluebird Advertising), a leading media buying and planning agency. This strategic move serves to strengthen Maxposure Limited’s standing as a pivotal player in the ever-evolving landscape of media and…
Swedish engineering group Sandvik has signed an agreement to acquire pro-micron GmbH, a German-based supplier of sensorised tools and automation software. Sensorised tools is a high-growth market, with strong underlying drivers such as the accelerated shift to automated production, increasing demand of production data from our customers and closed loop manufacturing driving the need for digitalization,…
Lionsgate announced that it has closed its acquisition of the global entertainment platform eOne from Hasbro. Lionsgate acquired eOne for a purchase price of $375 million in cash, subject to certain purchase price adjustments, plus the assumption of production financing loans, a statement said. The acquisition adds 6,500 film and television titles to Lionsgate’s library, one of…
Sixth Sense Ventures, the consumer-focused fund that has backed companies such as Bira91, Vahdam Teas and Veeba Foods, has invested Rs 100 crore in Indore-based spices brand Pushp, according to ETtech report. The deal involves a significant secondary portion in which the Mumbai-based investment firm has bought the stake in Pushp from the 49-year old…
SkinQ Dermo cosmetics has secured a seed investment led by Inflection Point Ventures with participation from Venture catalysts and Super Angels. This funding round marks a milestone in SkinQ’s journey to bring cutting-edge dermo cosmetics solutions to the market, a statement said. Founded by the globally acclaimed dermatologist Dr. Chytra V Anand, SkinQ is not…
Electric vehicle-focused lender Revfin has raised $14 million (about Rs 115 crore) in an equity funding round led by Omidyar Network, according to ETtech report. Sameer Aggarwal, founder and chief executive of the Delhi-based company, said almost all of the funding came in primary capital. He did not disclose the valuation at which the funds…
Adani Green Energy Limited (AGEL) announced the completion of the 1,050 MW joint venture (JV) with TotalEnergies. As part of the JV, TotalEnergies invested USD 300 million in AGEL subsidiary, for acquiring 50% stake in the projects. This follows the binding agreement about the JV announced between AGEL and TotalEnergies in September 2023. The JV…
Ecoil, an eco-friendly gasoline production startup, has secured INR 3 Crores in a funding round led by The Chennai Angels, with participation from AIC Banasthali Vidyapith Foundation, Shell India, and other high-net-worth individuals. Founded by Sushil Vaishnav and Kirti Vaishnav, Ecoil specializes in transforming used cooking oil and fats into biodiesel, offering comprehensive waste management…
Gracell Biotechnologies Inc. (Gracell), a global clinical-stage biopharmaceutical company dedicated to developing innovative cell therapies for the treatment of cancer and autoimmune diseases, announced it has entered into a definitive agreement to be acquired by AstraZeneca. The proposed acquisition will enrich AstraZeneca’s growing pipeline of cell therapies with GC012F, a novel, clinical-stage FasTCAR-enabled BCMA and…
Adani Green Energy Ltd (AGEL), India’s largest and the world’s leading renewable energy developer, announced that the Board of Directors of AGEL have approved a preferential issuance of warrants to the Promoters of AGEL for a quantum of INR 9,350 crore (equivalent to USD 1,125 million) at a per share price of INR 1,480.75/share calculated…
Homegrown wearables brand Noise has raised $10 million from US-based audio equipment major Bose Corporation in a deal that values the Gurgaon-based company at around $420 million, according to ETtech report. Bose has acquired approximately 2.4% stake, Noise said in a regulatory filing with the Registrar of Companies (RoC). Noise has issued 2,400 compulsorily convertible…
Scope, an invite-only startup networking platform, launched a venture capital fund worth $45 million, focused on the fintech and gaming sectors, according to IANS report. Scope’s VC arm will operate as an independent entity in identifying, nurturing, and accelerating startups that demonstrate exceptional promise and disruptive potential. The arm will also actively scout for startups…
Accenture has signed an agreement to acquire Customer Management IT and SirfinPA, a pair of jointly-owned Italian technology consultancies supporting the public sector and specializing in justice and public safety. The acquisition aligns with Accenture’s focus on helping Italian public service organizations build their digital core and deliver enhanced services to the citizens they serve,…
Kitchens@, a leading powerhouse in the dynamic cloud kitchen industry, announced the successful acquisition of $65 million in funding from Finnest, an emerging growth investment firm headquartered in London. Significantly, Swiggy played a pivotal role as a major investor in Kitchens@ during the Series B funding round. Notably, Finnest (A BNP Company), founded by two visionary Indian-origin investors and…