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…
Accenture has acquired Ocelot Consulting, a cloud consultancy specializing in full-stack development, data engineering, data science, and strategy and execution for cloud modernization. The addition of Ocelot Consulting expands Accenture’s Amazon Web Services (AWS) engineering skills in the Midwest to help clients in North America accelerate cloud transformation—including making cloud the data backbone of the enterprise…
Rocket Software, Inc. (Rocket Software), a global technology leader driving modernization for the world’s largest companies, announced it has signed a definitive agreement to acquire the Application Modernization and Connectivity business (AMC) of OpenText, which was formerly part of Micro Focus. The total purchase price is $2.275B. For decades, Rocket Software has been the partner solving complex…
Accenture has acquired Incapsulate, a leading digital transformation consulting firm that specializes in Salesforce solutions. Financial terms of the transaction were not disclosed. Founded in 2008, Incapsulate designs and implements Salesforce solutions for organizations in the public sector and financial services industries. As a Salesforce Platinum Consulting partner, Incapsulate fortifies Accenture’s Salesforce capabilities, which focus…
Accenture has agreed to acquire Ammagamma, an Italy-based firm that helps companies advance their uses of AI and generative AI technologies. The transaction is part of Accenture’s investment of $3 billion to accelerate clients’ transformation through the large-scale application of AI. Ammagamma has a multidisciplinary team consisting of 90 experienced AI professionals, many specializing in…
PhiCommerce, a SaaS-based omnichannel payment solutions provider, has raised $10 million in a new funding round, according to ETtech report. The round was led by Beenext, a Singapore-based venture capital firm that invests in India and Southeast Asia. Opus Ventures also participated in the round. The funds will be used to drive PhiCommerce’s expansion into…
Software company Idun has developed ProptechOS, an operating system for building data, in close collaboration with key players in the real estate industry, notably with Vasakronan as a key client and investor. Idun is now entering its next phase, and today announced the closure of a round of funding led by Software-as-a-Service investor Partinc. ProptechOS…