Former Myntra CEO’s Mensa Brands has announced that it has secured $50 million as it closes its Series A funding round. The round saw participation from Norwest Venture Partners, Falcon Edge Capital, Accel Partners along with angel investors Kunal Shah, Rahul Mehta, Mukesh Bansal, and Tiger Global’s Scott Shleifer. “The fund will be used to nurture, accelerate and scale…
Phoenix Group, a group of companies with expertise in software, robotics & automation Products/solutions, has announced the acquisition of Bit Mapper Integration Technologies (BMIT) Pune, Maharashtra. With this acquisition, Phoenix Group intends to expand its strength in Engineering, robotics & IIoT while blending in BMIT’s expertise in high-end FPGA & embedded designing. Mr. Amit Mahajan,…
Jai Kisan, a rural fintech startup, has announced that it has raised US $30mn in a combination of equity and debt in its Series A funding round. The round was led by Mirae Asset. Syngenta Ventures, existing investors Blume, Arkam Ventures, NABVENTURES (NABARD), Prophetic Ventures and Better, other global investors, along with HNIs also participated…
Logistics and supply chain startup based in India Delhivery has raised $277 million ahead of planned IPO. With this funding, the supply chain services company is now valued at $3 billion. The funding round was led by Boston-based investment platform Fidelity. The new round also saw participation from GIC- a sovereign wealth fund, Chimera, and…
TVS Motor Company, a reputed two-wheeler and three-wheeler manufacturer globally, inaugurated a new marquee showroom in Baghdad with distribution partner Ritaj International General Trade LLC. The showroom, which is spread over 500 sq meters with a built-up area of 840 sq meters, was inaugurated along Palestine Street in Baghdad. It is the first-of-its-kind showroom for…
PNB Housing Finance Limited, one of the largest housing finance companies in India, announced that its Board has approved a capital raise of up to INR 4,000 crore, led by entities affiliated to The Carlyle Group Inc (Carlyle). Pluto Investments S.a.r.l., an affiliated entity of Carlyle Asia Partners IV, L.P. and Carlyle Asia Partners V,…
Plum, a group health insurance startup aiming to provide accessible and affordable health insurance to millions of Indians, has raised a $15.6mn Series A led by Tiger Global with participation from earlier investors – Sequoia Capital India’s Surge, Tanglin Venture Partners, Incubate Fund and Gemba Capital. Angel investors in this round include Kunal Shah (founder, Cred),…
Olympus Corporation (Olympus – Director, Representative Executive Officer, President and CEO: Yasuo Takeuchi) announced that it has finalized the acquisition of Israeli medical device company Medi-Tate Ltd. (“Medi-Tate” – CEO: Ido Kilemnik) following the announcement of its decision to exercise the call option in February, 2021. Through this acquisition, Olympus expands its business line in…
LiveXLive Media, a global platform for livestream and on-demand audio, video and podcast/vodcast content in music, comedy and pop culture, and owner of PodcastOne, Slacker Radio, React Presents and Custom Personalization Solutions, announced that it has entered into a binding Letter of Intent (LOI) to acquire Gramophone Media, Inc., an artist and brand development company…
Circle, a global financial technology firm that provides payments and treasury infrastructure for internet businesses, announced it has raised $440 million in financing from leading institutional and strategic investors. The financing, among the top 10 in private fintech investments, fuels the company’s continued growth, organizational development and market expansion opportunities. On the heels of recruiting…
Tata Digital said it has acquired a majority stake in online grocery BigBasket, according to ETtech report. Financial details of the deal were not disclosed. According to regulatory filings, the company has acquired around 64% stake in Supermarket Grocery Supplies—the business-to-business entity of the online grocer. The deal was cleared by the Competition Commission of…
Breinify, the lightweight personalization platform, has raised $11M in seed funding. This new round was led by Gutbrain Ventures and PBJ Capital, with participation from Streamlined Ventures, The CXO Fund, Amino Capital, Startup Capital Ventures and Sterling Road. “Breinify is taking the world by storm with their incredibly powerful AI personalization platform. They have done…
Shriram Transport Finance Company Ltd, India’s largest player in commercial vehicle finance, has raised Rs 350 crore ($48.3 million) in a debt funding deal structured and executed by non-bank lender Northern Arc Capital. Cash proceeds will be used to support first-time truck buyers, small road transporters and drivers-turned-truck owners who have been impacted by the…
Cellestial E-mobility, a city based maker of the first electric tractor in India, announced it has raised USD 500,000 million in funding. This round of strategic financing included the Co- founder of Electric Motor Company, Ashik Karim, Founder of UpCapital Investments, Canada”s leading EV financial advisory group who have not just invested but expressed a…
IT major Tata Consultancy Services (TCS) said it has completed the acquisition of GE’s stake in Tata Consultancy Services Saudi Arabia, according to PTI report. In January this year, TCS had said it will acquire GE’s stake in Tata Consultancy Services Saudi Arabia for USD 12,471 (about Rs 9.13 lakh). “The acquisition was to be…