The Tata Power Company announced it has completed the sale of its Defense business on 31st October, 2020 to Tata Advanced Systems Limited, a wholly owned subsidiary of Tata Sons Pvt. Ltd, the company said in its press release. The sale was completed as per a Scheme of Arrangement, which was approved by National Company…
AMD and Xilinx announced they have entered into a definitive agreement for AMD to acquire Xilinx in an all-stock transaction valued at $35 billion. “The combination will create the industry’s leading high performance computing company, significantly expanding the breadth of AMD’s product portfolio and customer set across diverse growth markets where Xilinx is an established…
Inspire Brands and Dunkin’ Brands, parent company of Dunkin’ and Baskin-Robbins, announced that they have entered into a definitive merger agreement under which Inspire will acquire Dunkin’ Brands. Post acquisition, Dunkin’ and Baskin-Robbins will be operated as distinct brands within Inspire. “Inspire to acquire Dunkin’ Brands for $106.50 per share in cash in a transaction…
Under Armour, a global leader in branded athletic performance apparel, footwear and accessories, announced that it has entered into a definitive agreement to sell the MyFitnessPal platform to Francisco Partners for $345 million. Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. The firm invests in opportunities…
Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading Oil & Gas and Metals Company, announced the launch of “Vedanta Spark”, an initiative wherein the company is looking to partner with early stage, growth stage and venture stage Digital Tech start-ups in order to tap into massive innovation and growth…
Transcend, a leader in business optimization for financial firms, announced it has raised $ 10 million in Series A financing led by Nyca Partners, a leading fintech venture capital firm, with support from a major global custodian bank. The company will utilise the proceeds to rapidly scale product and sales infrastructure to meet growing demand…
Bengaluru-based Edtech startup – Teachmint has raised $3.5 million in seed funding led by Venture Capital Firm – Lightspeed India, with participation from existing investors Better Capital and Titan Capital. The education technology startup plans to use the investment to expand its market, build its product suite and to bring in additional offerings. Mihir Gupta,…
FlexiLoans, a Mumbai-based online lending platform, announced that it has raised Rs 150 crore in a mix of debt and equity financing from multiple investors. The investment was led by Falguni and Sanjay Nayar Family Office. The startup plans to use the funds raised to scale up its micro SME lending and launch new lending…
Railofy, the first startup in India to provide travel protection to railway passengers against waitlist (WL) and reservation against cancellation (RAC), announced it has raised Rs 4 crore in seed funding round from Roots Ventures, Astarc Ventures, Better Capitals etc. The seed funding will be used to scale its presence across the country. In addition…
Pidilite Industries announced it has entered a definitive agreement with Huntsman Group (USA) for acquiring 100% stake in one of their subsidiaries in India namely, Huntsman Advanced Materials Solutions Private Limited (HAMSPL) for Rs 2100 crores. HAMSPL manufactures and sells Adhesives, Sealants and other products under well-known brands such as Araldite, Araldite Karpenter and Araseal…
Teachmint, an easy to use platform for tutors to conduct unlimited live classes and manage their classrooms has announced that it has raised $3.5 million in seed funding led by Lightspeed India. Existing investors Better Capital and Titan Capital also participated in the funding round. Founded in early 2020 by Anshuman Kumar, Divyansh Bordia, Mihir…
New York-based technology startup has secured $20 million in Series A funding round led by Coatue, 645 and Primary Ventures. Reshma Saujani, Girls Who Code founder, Founder of HelloFresh Bryan Ciambella, Robert Earl – Planet Hollywood Founder, Scott Belsky – Behance founder, others also participated in the funding round. The tech startup plans to use…
Wipro, a global information technology, consulting and business process services company, announced that it has signed a definitive agreement to acquire Encore Theme Technologies Private Limited (Encore Theme), a specialist in providing SaaS and Cloud solutions in financial services. Over the past decade, Encore Theme – headquartered in Chennai, India – has focused exclusively on…
Pyxis, an AI-led marketing cloud start-up, announced that it has raised $7 million in a Series A funding round led by Chiratae Ventures, Pi Ventures along with the existing investor Exfinity Venture Partners, according to PTI report. The funding was raised in September, 2020. Pyxis has several innovative tools that provide a robust platform for…
Arzooo, a Business-to-Business retail tech start-up, has secured $7.5 million in Series A funding led by venture capital firm – WRVI Capital. The Series A round also saw participation from Arzooo’s existing investors 3Lines Venture Capital and Jabber Internet Group, others. The retail tech company plans to utilise the raised funds to expand its operations…