Flow Sports Life badminton and football academy has raised an undisclosed amount in a seed round led by Inflection Point Ventures. The funds will be utilized for team expansion, operations and marketing, technology development, and infrastructure improvements, a statement said. Flow Sports Life, guided by a passionate founding team, aims to transform one million children into lifelong…
Pilgrim, a beauty and personal care (BPC) brand, has raised $20 million in Series B round led by Vertex Ventures Southeast Asia and India (VVSEAI), according to moneycontrol report. Existing investors Fireside Ventures & Narotam Sekhsaria Family Office, also participated in the round, the company said. The startup, which claims to be adding 5 lakh…
Netradyne, a Make-in-India provider of artificial intelligence (AI) and edge computing solutions focused on safety and driver coaching for commercial fleets, announced the opening of its newest office in San Francisco’s historic Financial District neighbourhood. The boom in last-mile delivery combined with manufacturing reinvigoration around semiconductors and EVs is creating unprecedented demands for commercial fleets, fleet…
Syntagma Capital announced that it has entered into exclusive negotiations with Lennox International to acquire its European Commercial HVAC and Refrigeration businesses. The HVAC division designs and manufactures commercial heating, air conditioning and air handling equipment. The Commercial Refrigeration division designs and manufactures commercial evaporators, condensing units, condensers, and dry coolers. The Businesses serve customers…
Corebridge Financial, Inc. announced that it has entered into a definitive agreement to sell its UK life insurance business (operating as AIG Life Limited), to Aviva plc for a total consideration of £460 million in cash. The sale is expected to close in the first half of 2024, subject to customary closing conditions including regulatory…
Digikore Studios Limited (Digikore), a world-class visual effects (VFX) studio, has secured substantial anchor investments of Rs 8,22,16,800. The company has allocated 4,80,800 equity shares priced at Rs 171 per share, to three key investors: This strategic anchor investment underscores the market’s trust in Digikore Studios, positioning the company firmly within the dynamic VFX industry.…
Black Box Limited (formerly AGC Networks Limited), a trusted IT solutions provider, announced the inauguration of its new Center of Excellence located in Bengaluru, India. Black Box is one of Essar’s key investments in the technology and retail sector, a statement said. This state-of-the-art facility represents a significant upgrade, providing employees with an unparalleled environment for collaboration…
Cisco and Splunk, the cybersecurity and observability leader, announced a definitive agreement under which Cisco intends to acquire Splunk for $157 per share in cash, representing approximately $28 billion in equity value. Upon close of the acquisition, Splunk President and CEO Gary Steele will join Cisco’s Executive Leadership Team reporting to Chair and CEO Chuck Robbins, a statement said. The acquisition builds…
Eloelo, a creator-led social gaming and live entertainment platform, said that it has raised $22 million funding from a clutch of new and existing investors, signalling the growing global investor interest in India’s digital entertainment industry, according to moneycontrol report. The funding round was led by Courtside Ventures and Griffin Gaming Partners with participation from Japanese…
CrowdStrike announced it has agreed to acquire Bionic, the pioneer of Application Security Posture Management (ASPM). The combination will extend CrowdStrike’s leading Cloud Native Application Protection Platform (CNAPP) with ASPM to deliver comprehensive risk visibility and protection across the entire cloud estate, from cloud infrastructure to the applications and services running inside of them. As a…
Atlys has raised USD 12 million in a Series A round led by Peak XV Partners (formerly Sequoia Capital India) and Elevation Capital. The round also saw participation from existing investors Andreessen Horowitz (a16z), Musical Duo Chainsmokers, South Park Commons, Pinterest Founders and other investors. The funds raised will be used to expand the platform’s…
Artificial Intelligence and automation-as-a-service platform EaseMyAI has raised Rs. 3 crore in a seed round led by Inflection Point Ventures. The funds will be utilized for product development, recruiting a sales and marketing team, and expanding our distributor network, a statement said. Founded in 2022 by Gagan Randhawa (CEO & Co Founder), Yaman Bharadwaj (COO & Co founder), Surendra Sancheti (CCO…
Former Flipkart executive Ranjith Boyanapalli’s startup Flash, which aims to build unified digital identities for frequent shoppers—also called power shoppers—said that it has raised $6.7 million in a funding round led by Blume Ventures and existing investor PeerCapital, according to ETtech report. Other existing investors, including White Venture Capital and Emphasis Ventures, also participated in…
Accenture has made a strategic investment, through Accenture Ventures, in Writer, a platform using generative AI to help enterprises create and shape content in the ways people already work. Writer is designed to help organizations deploy AI-driven applications that can increase productivity and drive significant business impact across enterprise functions including support, operations, product, sales, HR, marketing,…
Pharmanovia, a global pharmaceutical company that commercialises novel medicines and revitalises, extends and expands the lifecycle of established medicines, has announced the expansion of its neurology portfolio with the acquisition of 11 central nervous system (CNS) brands from global healthcare company, Sanofi. The brands span four therapy areas of ongoing unmet need associated with CNS…