Sandvik, a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and sustainability, announced that it has signed an agreement to acquire US based CGTech, a global market leader in software for numerical control simulation, verification and optimization. The company will be reported in Sandvik Coromant, a division within Sandvik…
Ultraviolette Automotive, a technology startup working on electric two-wheelers and energy infrastructure, announced that it has raised funds as part of Series B funding led by Kumar Vembu, CEO of GoFrugal Technologies, according to YourStory report. Earlier in September, the startup raised Rs 30 crore from TVS Motor Company, as a part of its ongoing…
ALTBalaji, a homegrown OTT platform wholly-owned by Balaji Telefilms Limited, announced that it has acquired 17.5% stake in Tring, an online celebrity digital engagement platform. “Tring is the market leader in the celebrity video shoutout space, and this investment values Tring at about INR 100 crores in a short period since its launch in February…
Genius Learning Labs, India’s best quiz-based learning app built by IITians to learn Math, Science & English, announced that it has received $2 million angel funding from a clutch of top chief executives, according to the ETtech report. Investors that participated in the funding round include Abhijit Bose – WhatsApp India CEO; Kunal Shah (CEO,…
Polygon.io, a market data platform that allows developers to interface with the world’s most accurate real-time and historical financial data, announced that they have raised a $6 million Series A financing led by e.ventures. Existing investor Green Visor Capital also participated in the funding round. Thomas Gieselmann, co-founder of e.ventures and early investor in companies…
Starburst, the world’s first and only global aerospace and defense accelerator, announced its expansion into India to engage directly with vibrant local aerospace and defense startups and facilitate communication between aerospace and defense corporates and innovative startups within domestic and global landscapes. As part of the expansion, Starburst is deploying a local consulting team and…
Lilly, a global healthcare leader that unites caring with discovery to create medicines that make life better for people around the world has announced a definitive agreement to acquire Disarm Therapeutics, a privately-held biotechnology company creating a new class of disease-modifying therapeutics for patients with axonal degeneration. Disarm has discovered novel, potent SARM1 inhibitors and…
Chiper, a Latin America’s top e-commerce platform enabling corner stores in the region to grow and thrive, announced it has raised a $12 million Series A round from WIND Ventures, Monashees and Kaszek Ventures. The company, which has built the largest branded network of digitized corner stores in Latin America, will use the money to…
Utopia Global, a global SAP partner, and leading software and services company for end-to-end data quality, data migration, and data governance solutions announced the completion of its acquisition by Genstar-backed Prometheus Group, a leading global provider of asset management operations and optimization software. Co-founded in 2003 by Arvind J. Singh (CEO) and Narinder J. Singh…
NirogStreet, a Gurugram-based ayurvedic doctor discovery and appointment booking platform, announced that it has raised $2 million in pre-Series A funding led by Wavemaker Partners and Amand Ventures, along with existing investor Spiral Ventures. The startup will use the current financing for deeper penetration, strengthen technology platform, and digitise the supply chain. The funds would…
Zomato, a Gurugram-based foodtech unicorn has announced that it has received an additional $52 million in its ongoing Series J round of funding from Kora Investments. According to the company’s regulatory filings, Zomato has allotted a total of 12,656 Class J5 preferential dividend shares to Kora Investment I LLC, at an issue price of Rs…
Acceldata, the world’s first enterprise Data Observability platform, announced that it has raised $8.5 million in Series A funding led by Sorenson Ventures with participation from Lightspeed and Emergent Ventures. Acceldata’s data observability platform provides cross-sectional visibility into analytical and AI systems for global enterprise customers, including GE, PhonePe (Walmart) and Michelin, and many more.…
Honeywell, a Fortune 100 technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally, has announced it has acquired assets from privately held Ballard Unmanned Systems, a wholly owned subsidiary of Southborough, Mass.-based Ballard Power Systems Inc. Ballard Unmanned Systems designs and produces…
Persistent Systems, a global solutions company based out of Pune that delivers digital business acceleration and enterprise modernization for businesses across industries and geographies has announced that it has entered into an agreement to acquire CAPIOT, including its subsidiaries in Australia, India and Singapore. Founded in 2014, CAPIOT specializes in enterprise integration with valuable expertise…
Getaround, the carsharing platform that empowers users to instantly access and drive cars nearby, announced a $140 million Series E financing from PeopleFund with new investors including Reid Hoffman’s and Mark Pincus’ Reinvent Capital, AmRest founder Henry McGovern, Pennant Investors, and VectoIQ partners Steve Girsky, Mary Chan, and Julia Steyn. Existing investors SoftBank Vision Fund,…