EPL Limited (formerly known as Essel Propack Limited), the world’s largest specialty packaging company, announced that its Board of Directors have approved the acquisition of Creative Stylo Packs Pvt. Ltd. in a part-cash and part-stock transaction. Creative Stylo Packs Pvt. Ltd. is an established manufacturer of corrugated boxes, laminated tubes, plastic co-ex tubes and caps-primarily…
New Delhi-based Venture debt fund Stride Ventures has secured Rs 85 crore from development financial institution, Small Industries Development Bank of India (SIDBI). The firm says that it will use the funds to strengthen the deployment of Stride Venture India Debt Fund I, its maiden fund. The fund marked its first close in November of…
Mumbai based Credit platform Blacksoil has raised Rs 110 crore from high networth individuals and family offices for its maiden secured alternate investment fund (AIF) called BlackSoil India Credit Fund (BICF). Eyeing 30 deals from BICF with an average of Rs 10-20 crore per investment, excluding real estate companies, the firm is aiming to secure…
Around 54% of the Indian youth is not employable…one of the reasons being lack of skills possessed by the youth…How can the Indian government upscale its skilling programmes to create more jobs?
Legal India Law Services, a full service law firm established in 1999 has announced the merger of boutique compliance and litigation practice S D Services with Link Legal. The compliance practice will offer end to end solution including compliance audit and management services through a technology-based platform. This practice will add great value to the…
Gabbardeals, an omnichannel mobile phone retail brand, announced that it has acquired InstaOne Software, a Software as a Service (SaaS) company providing retail and distribution solutions. Financial details of the deal remain undisclosed. The acquisition will allow Gabbardeals to build a full stack of Point of Sale systems to better last-mile connectivity and deliver consumer…
Spotify Technology, the world’s most popular audio streaming subscription service, announced that the company has entered into a definitive agreement to acquire Megaphone, one of the world’s most innovative podcast advertising and publishing platforms. Together, Spotify and Megaphone will help advertisers and podcast publishers realize the full potential of podcasts. The two companies will achieve…
Slice, a fintech startup which is building a smart, simple, and transparent financial platform to redesign the life experience for millennials, announced that it has raised Rs 39 crore in debt funding from Vivriti Capital, Northern Arc Capital, InCred Financial Services, Growth Source Financial Technologies, and Ashv Finance. The company will utilise the funds raised…
FrontRow, a Bengaluru and Mumbai-based learning and community platform, has raised $3.2 million in seed funding led by Lightspeed Venture Partners, Elevation Capital (formerly SAIF Partners), and actress Deepika Padukone. The startup will use the funding to fuel expansion, add more courses and categories to its platform and expand its community offering. FrontRow enables everyone…
TrustClarity,  a SaaS-based commerce platform that improves the connections between buyers and sellers, announced that it has raised $300,000 in a pre-seed funding round. Investors that participated in the funding round include Baskar Puvanathasan (Co-founder at PagerDuty), Ninetwenty Capital, Sim Nation, Vel Investment Holdings and CRS Recycling Services, along with angels who are former senior executives in the…
Indian industrialist and philanthropist Ratan Tata has invested in the healthcare firm- iKure, an undisclosed amount. The social enterprise that provides primary healthcare and prevention services plans to use the funds raised to expand its operations across India and globally. Speaking on the investment, Sujay Santra, Founder and CEO, said – “We are extremely pleased…
BitClass, a startup which offers a platform for independent teachers to conduct online classes, has raised $2 million in seed funding led by Venture Highway. Other investors that participated in the funding round include AET Japan, Figure Eight Investments, and Waterbridge Ventures. Founded in early 2020 by Gunjan Kejriwal and Utsav Tiwary, BitClass is focussed…
CityMall, a social e-commerce startup that sells lifestyle and curated products via peer-to-peer referrals on WhatsApp, has raised $3 million in funding led by Elevation Capital, according to ET report. Other investors that participated in the funding round include Waterbridge Ventures, and Arun Tadanki’s private syndicate on LetsVenture. Founded in 2019 by Angad Kikla, Divij…
School communication platform, Uolo has raised Rs. 20 Crore in a pre-Series A round led by Omidyar Network India and Blume Ventures, an early stage venture fund. Â The company plans to invest the funds to expand its team across technology and operations and improve its offerings for school administration and students. Commenting on this…
Sapiens International Corporation, a global provider of software solutions for the insurance industry, announced that it has entered into a definitive agreement to acquire Tia Technology, a leading vendor of digital software solutions, from the global investment organization EQT Mid Market. The transaction is subject to customary closing conditions and is expected to be completed…