Haier Smart Home entered into a stock purchase agreement with Carrier Global Corporation to acquire Carrier’s Commercial Refrigeration Business (“Carrier Commercial Refrigeration”) through acquiring 100% of the equity interest in Carolin Holdings B.V. Carrier, for total consideration of approximately USD 640 million, which represents 11x 2022A P/E. The Transaction marks Haier Smart Home’s expansion from its…
GlobalLogic, a Hitachi Group Company and a leader in Digital Engineering, announced it has entered into a definitive agreement to acquire Katzion, a Sydney, Australia-based engineering firm specializing in applications for the automotive industry. Through this strategic acquisition, GlobalLogic will expand offerings in the mobility sector and support geographic expansion in Australia/Asia-Pacific, Spain, and the Middle…
Snitch, a pioneering innovator in the fast fashion domain, has successfully closed a Series A funding round of Rs. 110 crore Co-led by SWC Global and IvyCap Ventures. The investment, supported by key angel investors, will catalyze Snitch’s expansion in talent, technology, and an offline retail strategy, building upon its already impressive market performance, a…
Accenture has entered into an agreement to acquire management consultancy Vocatus, which uses behavioral economics modeling to develop pricing strategies and sales concepts for business-to-business and business-to-consumer models. The terms of the acquisition were not disclosed. With the acquisition of Vocatus, Accenture expands its offerings for clients in Europe with greater modeling capabilities for identifying price…
Elixirr, the established, global award-winning challenger consultancy, announced it has acquired U.S. management consultancy Insigniam. Insigniam, which employs 53 people worldwide, have been undisputed market leaders in organizational breakthroughs, innovation and transformations for more than 35 years, and today work across industries, with a strong focus on healthcare, pharmaceuticals, retail and consumer packaged goods. As…
Airblack, an online makeup and beauty learning platform, has raised Rs 33 crore in funding led by Michael & Susan Dell Foundation, according to ETtech report. Elevation Capital, Info Edge Ventures, Blume Founders Fund and Mars Shot VC also participated in the round, the startup said in a statement. Cofounded by Vaibhav Raj Gupta and…
KKR, a leading global investment firm, announced the opening of a new office in Zurich, Switzerland, solidifying its presence in one of the world’s most important institutional and wealth management centers. The KKR office opens with individuals representing KKR’s Global Client Solutions team and will also serve as a Swiss base for investment professionals covering…
Helix by HL, the innovative generative AI assistant revolutionizing private market investing, announced the successful completion of its Seed+ funding round with a raise of $6 million at a post-money valuation of $26 million. The round was led by FINTOP Capital, a prominent venture capital firm known for its strategic investments in cutting-edge financial technology. Helix, originally announced in June 2023, is…
Sarvam AI, a Chennai-headquartered startup founded in July and developing its own generative artificial intelligence (Gen AI) models, said it has raised $41 million in a Series A round of funding, according to ETtech report. This first round of funding was led by Lightspeed Venture Partners. The other investors are Peak XV, formerly Sequoia India…
Water management startup DigitalPaani has secured funding of $1.2 million from Elemental Excelerator, Enzia, Peer Cheque, SAE, DevC, and Bharat Founders Fund, according to ETtech report. Angels investors including Urban Ladder founder Ashish Goel and Delhivery cofounder Mohit Tandon also participated in the seed funding round. Started by father-daughter duo Mansi Jain and Rajesh Jain,…
Speciality chemicals’ sourcing and manufacturing platform Scimplifi said it has secured $3.67 million in funding from institutional investors 3one4 Capital and Beenext, according to ETtech report. Angel investors with expertise in the chemical industry and business-to-business commerce also participated in the funding round. The startup said it would use the funds to expand the core…
AllTrak, a healthcare Technology and logistics platform has raised INR 4.2Cr in a pre-series Around led by Inflection Point Ventures. The funds will be allocated towards team expansion, technology enhancement, and logistics operations expansion across multiple cities in India, a statement said. AllTrak, B2B HealthTech company, offers end-to-end solution to diagnostic companies. AllTrak solutions include…
The Sleep Company, a direct to consumer mattress maker, said it has raised Rs 184 crore in its Series C round where existing investors like Premji Invest and Fireside Ventures doubled down on their commitment to the company, according to Moneycontrol report. As reported earlier, the company will use the funds to increase its product…
Global technology service provider FPT announces its acquisition of an 80% stake in the French IT consulting firm AOSIS, a strategic initiative to fortify its delivery competencies, expand business opportunities, and broaden its customer base in this market. Through the investment, FPT and its tech subsidiary, FPT Software, will leverage AOSIS’s prowess in SAP, Data,…
AXISCADES Technologies Ltd. (AXISCADES), a global leader in engineering solutions, announces the successful completion of its strategic acquisition of EPCOGEN Private Limited. This acquisition marks a pivotal moment for both companies, with AXISCADES acquiring EPCOGEN at INR 26.25 Crores, with an additional 3-year earnout of INR 7 Crores based on performance. The move underscores the…