Category: Investment

Vridhi Home Finance secures Rs 150cr from Elevation Capital

Vridhi Home Finance, a housing finance lender, has raised Rs 150 crore in its maiden round of funding from venture capital firm Elevation Capital, according to the ETtech report. With the fresh funding, the lending startup wants to scale up operations, raise credit lines from larger lenders and enter into new geographies, a statement said.…

KKR announces completion of acquisition of Simon & Schuster from Paramount

KKR, a global investment firm, announced the successful completion of the previously announced acquisition of Simon & Schuster from Paramount Global in a $1.62 billion all-cash transaction. With the closing of the deal, Simon & Schuster is now a standalone private company, and the only independent major trade publisher in the U.S. It continues to be led by Jonathan Karp, President and…

NP Digital opens new Office in the Netherlands

NP Digital, a global leader in end-to-end performance marketing, unveils its newest European office in the Netherlands under the leadership of Joris Garritsen as managing director. The agency, which has opened four other offices in Europe this year, brings a suite of performance marketing solutions to Dutch brands. Solutions in the region are tailored to…

KKR to invest $400 mn in OMS Group

KKR, a leading global investment firm, and the parent company of OMS Group, a leading telecom infrastructure company and provider of subsea cable services, announced the signing of definitive agreements under which KKR will commit $400 million in a tailored solution for OMS Group. This marks KKR’s latest digital infrastructure investment in Southeast Asia, underlining its conviction in the role…

AIT Worldwide Logistics announces expansion in Malaysia and Singapore

Global supply chain solutions leader, AIT Worldwide Logistics, has opened two new locations in Southeast Asia, one in Penang, Malaysia, and another in Singapore. With the addition of these offices, AIT’s geographic footprint in Asia has expanded to six countries, supporting customers that continue to diversify sourcing of components and finished goods, a statement said.…

Edtech firm Techmaghi raises Rs 20 lakh startup seed fund

Education technology firm Techmaghi has received a funding of Rs 20 lakh from startup-supporting LJ Knowledge Foundation, according to PTI report. It would take forward the Kerala-based company’s mission to bridge the gap between industries and educational institutions through up-skilling courses that meet the demands of a modern workforce, a statement said here on Saturday.…

EAM announces investment of $650M manufacturing facility in the United States

Epsilon Advanced Materials (EAM), India’s leading battery materials company, announced, alongside N.C. Governor Roy Cooper at Brunswick County Community College, plans to build a $650 million graphite anode manufacturing facility in Brunswick County of North Carolina. The facility is the first and largest Indian investment in the U.S. electric vehicle (EV) battery industry. “We’re proud…

Accenture acquires Canadian capital projects consulting company Comtech Group

IT giant Accenture has acquired Comtech Group, a consulting and program management company for infrastructure projects in Canada and the United States. Terms of the deal were not disclosed. Comtech Group was founded in 1994 and is headquartered in Toronto. Its clients are transportation, infrastructure, industrial manufacturing, building, and power and utility companies in the public and…

Clinisupplies acquires Aquaflush TAI Portfolio from Renew

Clinisupplies Limited (Clinisupplies), a leading manufacturer and supplier of continence care consumables, announced the acquisition of the Aquaflush transanal irrigation (TAI) business from Renew Medical Inc. and Renew Medical UK Limited, a US and UK manufacturer of continence products (together “Renew”). The acquisition of the Aquaflush TAI range will enable Clinisupplies to expand its offering to include bowel management products, while also supporting…

Aditya Birla’s Tmrw invests Rs 155cr in The Indian Garage Co

The Indian Garage Co (TGIC), a fashion brand, has raised Rs 155 crore from Tmrw, a house of brands venture from the Aditya Birla Group, the two companies said in a press release on October 25. The funds will be used to expand sales channels, including D2C, and enter new categories. The money will also…

Accenture to acquire ConcentricLife

Accenture has agreed to acquire ConcentricLife, a leading healthcare marketing agency with expertise in helping Life Sciences brands build an optimal brand experience at any stage of the health journey. The agreement to acquire ConcentricLife, which is a subsidiary of Stagwell, reinforces Accenture Song’s continued investment in creating end-to-end solutions for its Life Sciences clients through relevant…

Inc.5 raises maiden institutional funding of $10 million

Legacy footwear brand Inc.5 Shoes raised its maiden venture funding of $10 million (about Rs 83 crore) in a round led by Mumbai-based venture firm Carpediem Capital, with participation from Param Capital and P3 Venture Fund, according to ETtech report. The Mumbai-headquartered firm, which sells footwear across gender and price categories, operates 74 stores of…

KKR to invest in Precipart

KKR, a global investment firm, announced that it has agreed to invest in Precipart, a leading contract manufacturer of precision components for the medical device and aerospace industries. KKR plans to support the Company in its continued growth organically and through M&A. Financial terms were not disclosed, a statement said. Founded in 1950 by the…

Accenture announces acquisition of MNEMO Mexico

Accenture has acquired MNEMO Mexico, a privately held company specializing in managed cybersecurity services. Financial terms were not disclosed. Founded in Mexico City in 2012, MNEMO Mexico has 229 cybersecurity professionals and 180 cybersecurity industry certifications with key ecosystem partners. The company’s portfolio includes advanced cyber defense and response capabilities, a cyber intelligence platform powered…

Hindustan Foods Limited acquires KNS Shoetech

Hindustan Foods Limited (HFL), a diversified FMCG contract manufacturer, announced the acquisition of KNS Shoetech Private Limited (KNS Shoetech). According to the company’s exchange filing, “With regard to the captioned matter and in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), as amended, please be informed that…