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…
Rural-fintech Navadhan announced that it has raised 40 Cr (USD 5M) in its Pre-Series A round led by Prime Venture Partners. Existing investors, Varanium NexGen Fintech Fund and Gemba Capital also participated in the round. The new funds will be used to further enhance the company’s AceN tech platform and scale up the company’s distribution…
Dairy fintech and marketplace platform Digivriddhi Technologies (DGV) has raised $6 million in a Series A funding round led by Omidyar Network India, according to ETtech report. Existing investors Omnivore and InfoEdge Ventures also participated in the round. Founded in 2019 by Ragavan Venkatesan, DGV provides dairy farmers and micro-enterprises access to institutional credit. It…
Ambuja Cements Limited (ACL), the cement and building material company of the diversified Adani Group, announced the successful completion of the acquisition of Sanghi Industries Limited (SIL). This strategic acquisition, valued at an Enterprise Value of Rs. 5,185 Crores, enhances Ambuja Cement’s market presence underscoring Adani Group’s steadfast commitment to India’s housing and infrastructure development,…
SoftBank Corp. (SoftBank), a telecommunications and IT operator headquartered in Tokyo, and Cubic Telecom Ltd. (Cubic Telecom), a leading global provider of software-defined connected vehicle solutions headquartered in Dublin, announced they signed a definitive agreement whereby SoftBank will invest approximately 473 million EUR in Cubic Telecom for a 51.0% equity stake in the company, at a valuation of…
White Lotus Group, a distinguished name in Bengaluru’s bespoke luxury real estate space, announced the successful completion of a significant INR 150 crores funding round. Spearheaded exclusively and for the first time in Indian real estate by Dubai-based Luxe Port Group of Companies, a globally renowned name in the luxury lifestyle industry. This substantial funding stands as…
Caterpillar is investing in recycling technology developer Nth Cycle as part of a push to boost the reuse of metals used to make batteries and construction equipment, according to Reuters report. The investment, announced on Monday, comes as part of a $44 million Series B round of financing in privately-held Nth Cycle, which is among…