Sahajan, a leading Ayurvedic and clean beauty brand, announced its first round of equity funding that will drive the brand’s North American growth, bringing its clinically-proven products to the forefront. Investors in this round of funding include Ridgeline Ventures; Wonderment Ventures; actor Yvonne Strahovski (“The Handmaid’s Tale” and “Chuck”); celebrated poet and artist, Rupi Kaur…
Miro, the visual workspace for innovation, announced the acquisition of the visual collaboration platform, Freehand, from Invision. The deal includes the technology and brand assets, customer relationships and talent associated with Freehand. As part of the acquisition, Jeff Chow, former Freehand Chief Product Officer and recently promoted InVision CEO, joins Miro as the company’s new Chief…
UnionPay International, or UPI, a global leader in the payment industry, is continuing to bolster its presence in the European market by delivering high-quality, efficient and secure cross-border payment services to international cardholders. With a focus on localized business development, UnionPay is expanding its comprehensive payment solutions in key European markets while offering broad acceptance…
U.S. International Development Finance Corporation (DFC) has announced that it will be funding Colombo West International Terminal Pvt. Ltd. (CWIT) – a consortium of India’s largest port operator Adani Ports and SEZ Ltd., Sri Lanka’s leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority – to the tune of USD 553 million.…
Sequretek, a global cybersecurity solutions provider, has raised $8 million in a Series A round led by Omidyar Network India, an investment firm focused on impact. The latest funding round also saw participation from Narottam Sekhsaria Family Office and Alteria Capital. The funds will be utilised to scale its global operations and go-to-market strategies. The funds will also be…
Vietnam’s leading corporation FPT announces its acquisition of the US-based company Cardinal Peak, a strategic move to strengthen its product engineering delivery capabilities in North America. As part of FPT’s global growth strategy, this investment leverages Cardinal Peak’s expertise and 20-year experience of delivering end-to-end product engineering services, including hardware, embedded software, IoT, cloud, and…
Meritech, a leading manufacturer of Mobile Network T&M, Network Optimization, and LPWA (Low Power Wide Area) IoT solutions announced that it has acquired AZENQOS (AZQ), a Thailand-based 5G network testing solution provider. This acquisition will be executed through its group company, Meritech Software Private Limited, India (Meritech) and encompasses AZENQOS’s flagship offering, AZENQOS ANDROID DRIVETEST for wireless networks.…
Arvind Fashions Limited (AFL), India’s leading casual and denim player, has signed definitive agreements with Reliance Beauty & Personal Care Limited (RBPCL) to sell its wholly owned subsidiary Arvind Beauty Brand Retail Limited (ABBRL) which runs its Sephora India business, in an all cash transaction. RBPCL is a wholly owned subsidiary of Reliance Retail Ventures…
Accenture has acquired Innotec Security, a privately held company specializing in cybersecurity-as-a-service, cyber resilience and cyber risk management, expanding its capabilities and footprint in Spain. Innotec Security was previously owned by parent company Entelgy Group. Financial terms were not disclosed. Founded in 2002 and headquartered in Madrid, Spain, Innotec Security is one of the most prominent cybersecurity service…
Ryan, a global tax services and software provider, announced the opening of a new office in Bengaluru. The addition of the Bengaluru office further expands Ryan’s India operations and will support property tax and sales and use tax along with other service delivery and tax.com teams, a statement said. The new Bengaluru office is located on…
Larsen & Toubro (L&T), an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services, has announced the divestment of its 100% stake in L&T Infrastructure Engineering Limited (LTIEL), a provider of standalone engineering consultancy services for the infrastructure sector in India. The stake has been acquired by STUP Consultants Private Limited, a subsidiary of…
Accenture has acquired The Shelby Group, a leading provider of digital procurement and optimization services. The acquisition further enhances Accenture’s capabilities in sourcing and procurement technology transformation, a statement said. Founded in 2002 with headquarters in Schaumburg, Illinois, The Shelby Group is a procurement technology consultancy with deep experience in Coupa and Ivalua solutions. It helps…
Kotak Mahindra Bank Limited, Kotak Mahindra General Insurance Company Limited (Kotak General Insurance) and Zurich Insurance Company Limited (Zurich) have entered into definitive agreements for a transaction whereby Zurich will invest (approximately) Rs 4,051 crore to acquire a 51% stake in Kotak General Insurance through a combination of fresh growth capital and share purchase. Further,…
Accenture has completed its acquisition of 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. This acquisition reinforces Accenture Song’s continued investment in creating end-to-end solutions for its Life Sciences clients through relevant communications and experiences attuned to the ever-evolving lives…
Lloyds Banking Group, one of the UK’s largest financial services groups, unveiled its new Lloyds Technology Centre (LTC) in Knowledge City, Hyderabad today. The Lloyds Technology Centre will play a key role in delivering AI, Cloud and Blockchain programmes across the organization with the first teams located in the office focusing on using data, machine learning…