Argand Partners, the New York- and San Francisco Bay Area-based private equity firm, announced that it has completed the acquisition of Cherry. Argand acquires market-leading specialty manufacturing and business services companies with sustainable competitive advantages and strong growth potential, the Company said in a press statement. Cherry is the world’s leading global designer and manufacturer…
EduGorilla, a one-stop community in Education for students, faculty and Institutes, announced that it has raised about Rs 5.3 crore from Auxano Entrepreneur Fund, according to YourStory report. Angel investors Venture Garage – SucSEED Venture Partners, Pune Angels, Hem Angels, and VG Angels also participated in the funding round. Founded in 2016 by Rohit Manglik,…
NTT Ltd.’s Global Data Centers division announced the expansion of its line of data center facilities with the launch of a new high-density and hyperscale data center in Mumbai, the financial capital of India. The Mumbai 7 Data Center operates with 375,000 sq.ft of colocation space, and will offer the capacity to host 5000 racks…
Global investment firm Silver Lake Partners to invest an additional Rs 1,875 crore in Reliance Retail Ventures, the retail arm of Reliance Industries Ltd (RIL), the company said in a press statement. “Reliance Industries Limited (‘Reliance Industries’) and Reliance Retail Ventures Limited (‘RRVL’) announced today that co-investors of Silver Lake will invest an additional Rs…
Gamma Biosciences, a life sciences tools platform created by KKR, announced that it has acquired Nanopareil, a US-based company developing next-generation nanofiber membrane products for chromatographic separation in bioproduction. Nanopareil’s membrane technology employs a novel, durable nanofiber structure that offers significant performance advantages compared with conventional chromatography resins as well as similar, non-resin-based separation technologies.…
PAAS, the Global Leader in Technology Spend Analytics, announced its expansion into the India market by solidifying a partnership with Luxury Connect based out of New Delhi, India. The partnership is not limited to India but also covers a large portion of EMEA and SEA (Southeast Asia), the Company said in its press release. “After…
Authentix, the authority in authentication and information services, announced that it has acquired the Traceless Authentication Group from Bibliotheca, a library systems solutions company serving over 30,000 libraries worldwide. MHT Partners acted as financial advisor to Authentix in this transaction. New York-based Traceless is an industry leader in anticounterfeiting and diversion control to global clientele…
Codeyoung, a startup that provides live online coding classes to K12 students, has raised an undisclosed amount in a seed round of funding led by US-based VC firm Guild Capital. The funds will be used to scale up in International Markets as well as strengthen Academics Research, Technology and Product teams. Founded by IIT- Delhi…
Infilect, a Retail Visual Intelligence SaaS provider to the worldwide Retail Industry, announced a $1.5 million pre-series A financing led by Mela Ventures and 1Crowd, with participation from The Chennai Angels (TCA). With the investment, Infilect will expand its go-to market programs, and will continue to invest in the areas of Image Recognition (IR) for…
Sunstone Eduversity, an Education technology startup announced that it has raised Rs 24 crore in Series A funding led by Saama Capital. Existing investors Prime Venture Partners, Purvi Capital and Leo Capital founder and MD Rajul Garg also participated in the funding round. The round also saw Helion Advisors MD Ashish Gupta and PeopleStrong CEO…
Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced that General Atlantic, a leading global growth equity firm, will invest ₹ 3,675 crore into RRVL, a subsidiary of Reliance Industries. This investment values Reliance Retail at a pre-money equity value of ₹ 4.285 lakh crore. General Atlantic’s investment will translate into a 0.84% equity…
Seismic, the industry-leading sales enablement and marketing orchestration platform provider, announced it has raised $92 million in Series F round of funding led by a company backed by the Permira funds. Additional new strategic investors include Ameriprise Financial and EDBI. Existing investors participating in the round include Jackson Square Ventures, Lightspeed Venture Partners, and T.…
StayQrious, an edtech company that focuses on essential 21st century skills through live online coding classes, announced that it has raised $2 million in seed funding round led by some of the leading early-stage investors, as per YourStory report. Investors include Learnstart, the dedicated seed fund of Learn Capital and other global investors such as…
SquadStack, a San Francisco and Delhi-based technology startup that offers sales acceleration, funnel optimization, and business management solutions for businesses, announced that it has raised $5 million in a Series A funding round led by Chiratae Ventures. The round also saw participation from existing investor Blume Ventures. The company plans to utilize the fresh funds…
Etrio, an electric vehicle retro fitment kit maker announced that it has raised $3 million in its Series A funding round from a group of HNIs. The funding will be used to diversify its business into making electric three-wheelers and e-bicycles. The company has been working on electrification kits for Maruti Suzuki’s Alto and Dzire,…