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…
Fitch Group, a global leader in financial information services owned by Hearst, announced that it has completed the acquisition of all the remaining stock it does not own of Bixby Research and Analytics (Bixby), a leading provider of credit information on private syndicated loan issuers. Earlier this year Fitch Ventures, the equity investment arm of Fitch Group,…
Healthtech startup Zyla Health has raised $4 million in its series A funding round led by Exfinity Venture Partners, according to ETtech report. The round also saw participation from Sony Innovation Fund, Venture Catalysts and Aureoulis led by Paula Mariwala. The newly raised funds will be used to accelerate growth across its three key verticals…
Tata Power (the Company), one of India’s largest integrated power companies, has won the bid to acquire Bikaner-III Neemrana-II Transmission Limited, a project special purpose vehicle (SPV) set up by PFC Consulting Limited, a subsidiary of Power Finance Corporation. The company received the letter of intent (LOI) after emerging as a successful bidder in the…
Onedios an aggregator platform for customer care service has raised INR 6 Crores in a bridge Round led by Inflection Point Ventures and VCATs. The funds will be allocated towards onboarding retailers who will sell Branded/OEMs extended warranties instead of third party extended warranties, a statement said. OneDios is a pioneering platform revolutionizing the consumer…
Sunicon Ventures, one of the leading early-stage India-focused venture capital firms, has led the seed funding round of INR 5 crore for Suind. The round also saw participation from Zetta Farms and other prominent angel investors. Suind is an innovative DroneTech start-up revolutionizing agriculture through AI and offering a comprehensive solution for real-time crop monitoring…
Mahindra Logistics Ltd. (MLL), one of India’s largest Third-Party Logistics (3PL) solution providers, announced its acquisition of majority stake in ZipZap Logistics Private Limited, a last-mile logistics service provider operating under its brand ‘Whizzard’. The acquisition will complement MLL’s existing last mile delivery business and EDeL, its Electric Vehicle (EV) based delivery services. Expanding technology…
Sprout Venture Partners, an early-stage venture capital fund, has raised close to $10 million as part of its second fund, according to ETtech report. The Sebi-registered investor intends to raise an additional $5 million by the middle of next year, to take the corpus to $15 million. As a part of its first fund, Sprout…
Accenture has agreed to acquire Rabbit’s Tale, a Bangkok-based creative and digital experience agency. The move will significantly strengthen the regional creative, brand and data capabilities of Accenture Song—the world’s largest tech-powered creative group—and help our clients build and optimize digital experiences across the entire customer lifecycle for growth in Thailand, as per the statement. Recognized as…
Fisker Inc has raised $150 million from an existing institutional investor through the issue of convertible bonds with an additional $550 million in funding available, according to Reuters report. The EV company expects to use the proceeds to ramp up deliveries. Fisker earlier this month reiterated its plan to increase deliveries of its flagship Ocean sports…