Riiid Inc., a Softbank Vision Fund-backed AI education technology company, announced the acquisition of Qualson Co Ltd., a leading English language learning and content provider based in South Korea. Qualson is the owner and operator of popular B2C English learning platforms including its flagship Real Class, known widely for using high quality content sourced from international…
GreyOrange, the warehouse robotics and automation company, has raised $135 million in its Series D funding round, according to moneycontrol report. Anthelion Capital, formerly known as Cowen Sustainable Investments, led the round. The funding round also saw the participation of existing investors, including Mithril Capital (Peter Thiel’s investment firm), 3State Ventures, and Blume Ventures. The…
Accenture has completed its acquisition of Rabbit’s Tale, a Bangkok-based creative and digital experience agency. The acquisition strengthens the regional creative, brand and data capabilities of Accenture Song and helps its clients build and optimize digital experiences across the entire customer lifecycle in Thailand. Terms of the transaction previously announced on November 29, 2023, were not disclosed. Recognized as…
Cyril Amarchand Mangaldas (CAM) advised GMR Visakhapatnam International Airport (GMR) on financing of Bhogapuram International Airport by way of a rupee facility of INR 3,215 crore from a consortium of 5 banks/financial institutions led by India Infrastructure Finance Company Limited. The proceeds of the loan will be utilized towards construction and development of Phase – I of Bhogapuram International Airport, which will cater…
Singapore-headquartered Juniper Therapeutix, a science-led healthcare company focused on commercializing novel therapies, announced its agreement with Ping-An Shionogi Hong Kong, a group company of Shionogi & Co., Ltd, to license the rights to Ensitrelvir Fumaric Acid (“Ensitrelvir”) for Singapore. Juniper Biologics has applied for private patient access with the Health Sciences Authority (HSA) of the Republic of Singapore for…
Homegrown artificial intelligence-driven fulfilment automation startup GreyOrange said it has raised $135 million in a round led by Anthelion Capital, formerly Cowen Sustainable Investments, according to ETtech report. Existing investors Blume Ventures, Peter Thiel’s Mithril Captial and Flipkart founder Binny Bansal’s Three State Ventures also participated in the funding round. “GreyOrange will deploy the growth…
Accenture has agreed to acquire the business of media and marketing technology company, Jixie. Jixie’s intelligent digital marketing platform and team will be integrated into Accenture to strengthen its marketing transformation capabilities and resources through Accenture Song—the firm’s tech-powered creative group—helping Indonesian clients deliver more personalized experiences to enhance customer engagement for sustainable business growth. Headquartered in…
Everise, a global healthcare services outsourcing company, announced the successful completion of the company’s previously announced investment from Warburg Pincus. Warburg Pincus joins existing investor Brookfield, valuing the company at around $1 billion, after less than seven years of operation. Against the backdrop of a globally ageing population and rising healthcare expenditure, the need to redefine traditional customer…
Insurance distribution startup Finhaat has raised $3 million in its first institutional fundraise led by agri-focused venture fund Omnivore, along with participation from early-stage venture fund Kettleborough VC, according to ETtech report. Finhaat runs an online distribution platform through which insurance products are sold to consumers in rural and semi-urban India. The Mumbai-based startup works…
Corpay, a FLEETCOR brand and global leader in business payments, announced the latest expansion of Corpay’s Cross-Border business with the opening of a new back-office support centre in Chennai, India. This move marks a significant milestone in the company’s ongoing global growth and strengthens its commitment to serving internal stakeholders, a statement said. The newly…
AngloGold Ashanti plc (AGA) announced that it intends, subject to execution of definitive documentation and satisfaction of customary conditions, to subscribe for 24,500,000 common shares in G2 Goldfields Inc. (G2) at C$0.90 per share for total consideration of C$22,050,000. Following completion of the Subscription, AGA will own approximately 11.7% of G2’s issued and outstanding Shares. G2…
GlobalLogic, a Hitachi Group Company and a leader in Digital Engineering, announced that it has entered into a definitive agreement to acquire Mobiveil, a specialized embedded engineering services firm headquartered in the United States. The acquisition will expand GlobalLogic’s existing capabilities in Embedded Software which is essential for new digital products and services in key industries including…
ERP Logic, a leading SAP and cloud solutions provider headquartered in the US, has now been rebranded as Nobl Q and has acquired Jeevan Technologies, a prominent IT services and consulting company with a significant presence in the US. The name Nobl Q signifies noble and passionate employees dedicated to crafting exceptional customer experiences, a…
Kapture CX, a customer support platform for enterprises, has raised $4 million from India Alternatives, a private equity fund, according to ETtech report. The Bengaluru-based startup has been expanding on-ground operations in five countries: the US, the UAE, Indonesia, Saudi Arabia and India. The company last raised funds in July—a $4 million round led by…
MangoPoint, the first APEDA- and NPPO-recognized packhouse in Tamil Nadu, has raised INR 3.5 Crores in a funding round led by The Chennai Angels, with participation from the Nativelead Angel Network and Keiretsu Forum. Founded in 2018 by the husband-and-wife duo Manjula Gandhi Rooban and Prasanna Venkatarathnam, MangoPoint specializes in exporting single-origin, carbide-free, chemical-free high-quality…