Direct-to-consumer snacks and instant foods maker Adukale has secured Rs 11 crore in a funding round led by venture fund Force Ventures, according to ETtech report. The funds will primarily be used for expansion of the company’s offline presence, its chief growth officer, Vinay Gopinath, told ET. Adukale, founded in 2009, sells a variety of…
Sandvik has signed an agreement to acquire a majority stake in the leading China-based company Suzhou Ahno Precision Cutting Tool Technology Co., Ltd. (Ahno) from the current majority owner, Ningbo Baosi Energy Equipment Co., Ltd and related parties. The company will be reported within the business area segment Sandvik Machining Solutions. Ahno has a leading position…
Spacetech startup Dhruva Space has raised $9.4 million in a mix of equity and debt from IAN Alpha Fund, Technology Development Board and other existing investors in its latest funding round, according to ETtech report. The capital infusion, of which Rs 24 crore was in debt, will help the Hyderabad-based startup set up its first…
Rubedo Life Sciences, a biopharmaceutical company committed to developing first-in-class therapies targeting senescent cells which drive age-related diseases, announced the closing of a $40M Series A financing round. The round was led by Khosla Ventures and Ahren Innovation Capital, with participation from Hevolution, R42, Modi Ventures, Cerigo Investments, Shanda Group, Refactor Capital, LongeVC, Italian Angels…
Sona BLW Precision Forgings Ltd. (Sona Comstar), one of the leading global providers of automotive technology solutions, announced the inauguration of its new manufacturing plant in the Fipasi Industrial Park, Silao, Mexico. This strategic expansion underscores the company’s commitment to meeting the growing demand for high-quality driveline solutions for Battery Electric Vehicles (BEVs) in North America. As mobility undergoes a…
Aurionpro Solutions Limited announced the acquisition of Banking and Insurance focused PaaS startup, Arya.ai. With Arya.ai, Aurionpro will enhance its portfolio of enterprise fintech offerings to expedite adoption of AI that is responsible, accurate, and auditable, a statement said. Aurionpro Solutions Ltd. will acquire a majority stake (67%) in Arya.ai. This acquisition will bring products and expertise…
dataplor, the leading provider of global location intelligence, announced a $10.6 million Series A funding round led by Spark Capital. This round, which included participation from Quest Venture Partners, Acronym Venture Capital, Circadian Ventures, Two Lanterns Venture Partners and APA Venture Partners, will further accelerate dataplor’s ongoing expansion, building the most accurate, comprehensive and dynamically…
AI powered driver assistance technology startup Sapience Automata has raised INR 1.75 CR in a Seed Round led by Inflection Point Ventures. The funds will be utilized for growing sales for Driver camera, building key partnerships in the automotive domain, continuing to develop Advanced driver-assistance systems (ADAS) technology, and filing international patents, a statement said.…
Accenture Federal Services, a leading US federal services company and subsidiary of Accenture LLP, has entered into an agreement to acquire Cognosante, a mission-driven provider of digital transformation and cloud modernization solutions for federal health, defense, intelligence, and civilian agencies. Founded in 2008 by Michele Kang, Cognosante has grown rapidly to become a trusted provider of innovative…
I Squared Capital, an independent global infrastructure investor, announced that a consortium of Japanese investors will become strategic minority shareholders in the Natural Gas Transition Platform (the Platform), a Singapore-based holding company with investments in Indian city gas distribution networks that develop and operate Compressed Natural Gas (CNG) stations for vehicles, pipe natural gas to…
Paediatric behavioural and developmental health platform Butterfly Learnings announced that it completed a Series A funding round raising Rs 32 crore, according to ETtech report. Insitor Impact Asia Fund II and Enzia Ventures led the funding. Other participants included CIIE (IIMA Ventures), Foundation Botnar, 9 Unicorns, and Venture Catalysts. The company plans to use the…
Naxnova, a global leader in surface augmentation and technology solutions, formerly known as Classic Stripes, announced the successful acquisition of Advanced Thermal Technologies (ATT), a pioneer in thermal management solutions based in Austria. This strategic acquisition, quick on the heels of the acquisition of the Belgium based Quad Industries, marks another significant step forward in Naxnova’s expansion strategy…
Lubrizol, a global leader in speciality chemicals, has opened a new Global Capability Center (GCC) in Pune, India, as a strategic hub to accelerate its growth in the region and enable closer collaboration for its customers and employees leveraging local talent to enable regional and global success in the many markets and industries it serves.…
Guesty, the leading property management software platform for the short-term rental (“STR”) and hospitality industry, announced a $130M Series F funding round led by leading global investment firm KKR. Inovia Capital, together with existing investors Apax Funds, BDT & MSD Partners and Sixth Street, also joined the round, extending their support following Guesty’s significant expansion and sustained…
Accenture has acquired Unlimited, the award-winning integrated customer engagement agency, which will become part of Accenture Song—the world’s largest tech-powered creative group. The acquisition will enhance Accenture Song’s ability to scale its offerings and unlock greater value from generative AI. With deep expertise in behavioral science, customer strategy and CRM activation, the acquisition of Unlimited further bolsters…