JK Paper, one of lndia’s largest Paper and Packaging Solutions Companies, enters into Share Purchase Agreement (SPA) for the acquisition of 100% shares of Manipal Utility Packaging Solutions Private Limited (MUPSPL). MUPSPL is engaged in the business of manufacture of Packaging products like Folding Cartons, Corrugated Boxes and Labels with Four (4) manufacturing plants across…
KKR, a global investment firm, announced, in partnership with Flerie, the formation of a new global pharma services platform, Frontier Biosolutions (Frontier), which will invest in a portfolio of companies focused on specialized pharmaceutical services to advanced therapeutics customers. Frontier will invest in differentiated scientific capabilities and proprietary technology platforms that address critical bottlenecks in…
Hexaware Technologies, a leading global IT services and solutions company, today launched its new office in Dehradun. The office was inaugurated by the Honorable Chief Minister of Uttarakhand, Shri Pushkar Singh Dhami. Adding this all-new center to its global delivery network will bolster the brand’s capabilities to deliver cutting-edge Digital IT services to its customers across sectors and geographies. This launch comes as a part of Hexaware’s shift in…
Tata Motors Limited (TML) has entered into share purchase agreements to sell 9.9% stake in Tata Technologies Ltd (TTL) for an aggregate consideration of INR 1,613.7 crore. TPG Rise Climate is the lead investor for this transaction, which ascribes an equity valuation of INR 16,300 Cr (~US$ 2.0 billion) for TTL. TTL, a subsidiary of…
Imagimake, a company into design & distribution of innovative range of educational toys, games and art & hobby products, has raised Rs. 20 Cr from Pidilite Ventures, a wholly owned subsidiary of Pidilite Industries. Imagimake designs and distributes an innovative range of educational toys, games, and art & hobby products. The company was founded in…
Accenture has acquired The Storytellers, a U.K. creative management consultancy that partners with CEOs and other C-Suite leaders to develop their narratives to accelerate transformational change and boost performance in their organizations. The acquisition will enhance Accenture’s capabilities in transformational change and further help clients with articulating and activating their vision and change strategies, a statement…
Mphasis, an Information Technology (IT) solutions provider specializing in cloud and cognitive services, announced its acquisition of Silverline, a digital transformation consultancy and Salesforce partner. Established in 2009 with its headquarters in New York City, Silverline guides clients through every stage of their digital transformation journey with consulting and advisory services, implementation and managed services, and specialty capabilities. By leveraging its…
Blue Yonder, a leading supply chain solutions provider, announced the signing of an agreement to acquire Doddle, a leading first and last mile technology business that was co-founded by Tim Robinson and Sir Lloyd Dorfman. Once completed, the deal will allow Blue Yonder’s already robust suite of supply chain management and commerce offerings to expand with…
Flutrr, India’s first vernacular dating app, has announced a fundraise of INR 4 Cr in a round led by The Chennai Angels. Among the list of investors are also The Times of India. The round saw participation from individual investors such as Vivek Singh, Adhiraj Sarin, Ramki Ravulpalli, among many other reputed investors, the statement…
Fixed income investment startup Jiraaf has raised $8.7 million in its series B round of funding, according to ETtech report. The round was led by existing investor Accel and Harmony Partners. It also saw participation from domestic early-stage seed fund Capital A and a bunch of angel investors. Since inception in September 2021, Jiraaf has…
OORJAA, a leading logistics solutions company, has successfully raised INR 5.35 Crore in its Pre-Series A Round 2 from Inflection Point Ventures (IPV), Vinners Platform, Soonicorn Ventures and HEM Angels. The funds will be dedicated to scaling the PiE KART platform, advancing technology, and expanding the team. OORJAA focuses on utilizing cutting-edge technology to drive…
After a decade of partnership between LD Sharma and Optimise, LD Sharma through Shoogloo, has bought Optimise India 100% and rebranded to Shoogloo. As part of the changes, LD Sharma has exited the Optimise group, and Optimise has acquired 100% ownership of Optimise APAC. This is part of a change in strategy of Optimise to consolidate its global…
Accenture announced a strategic investment through Accenture Ventures in Aliro Quantum, a provider of multi-purpose, end-to-end entanglement-based secure quantum networks. The investment will help Accenture and Aliro equip clients with secure quantum networks that establish safe and secure data and communications. Quantum computing uses fundamental physics and math principles to deliver insights and simulations accurately and incredibly fast. This…
Insurance marketplace InsuranceDekho has raised $60 million in its ongoing Series B funding round from Japanese financial services major Mitsubishi UFJ Financial Group, BNP Paribas Cardif, which put money through its insurtech fund, and Beams Fintech, according to ETtech report. The family office of Yogesh Mahansaria, managing director of Mahansaria Tyres, a major tyre manufacturer,…
Audit and risk software-as-a-service (SaaS) startup AuditCue on said it has raised $1.5 million in a seed funding round led by Kalaari Capital, according to ETtech report. Other investors who participated in the round included Java Capital and angel investors from San Francisco. The company said the funds would be allocated towards product development, accelerating…