Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced that Silver Lake will invest ₹ 7,500 crore into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of ₹ 4.21 lakh crore. Silver Lake’s investment will translate into a 1.75% equity stake in RRVL on a fully diluted…
Deepsync Technologies, a startup that uses AI to produce High Quality and long format audio-content at 10x less time and cost, announced that it has raised about $300,000 from three angel funds – Anicut Angel Fund, 9Unicorns and Firstcheque. Early-stage investor Zeroth.AI also participated in the funding round, as reported by ETtech. The startup will…
Mylan, a global pharmaceutical company, announced an agreement to acquire the related intellectual property and commercialization rights of Aspen Pharmacare Holdings Limited’s thrombosis business in Europe for EUR 641.9 million, subject to customary closing conditions and European regulatory clearances. The transaction is expected to be immediately accretive to Mylan upon closing and is anticipated to…
Qapita, a digital equity management platform for private companies, announced that it has raised $1.8 million in a seed funding round led by Vulcan Capital. Other investors that participated in the round are Alto Partners Multi Family Office, Atin Kukreja (CEO of Rippledot Capital), Koh Boon Hwee, K3 Ventures, KDV Holdings, Mission Holdings and multiple…
Cell Propulsion, a mobility technology company based out of Bengaluru, announced that it has raised pre-Series A funding led by growX ventures and Micelio. Existing investor Endiya Partners also participated in the funding round, as reported by YourStory. The Bengaluru-based startup will use the funds to start deploying powertrains for electric trucks and electric buses…
BluSmart, India’s first all electric shared smart mobility platform, announced that it has raised pre-Series A funding of $7 million from multiple investors. Investors that took part in the funding round are Inflection Point Ventures, Venture Catalysts, Survam Partners, Mumbai Angels, Chhatisgarh Investments Ltd, JITO Angels, LetsVenture Fund, and Kaplavriksh Fund. BluSmart said in a…
Grifols, a global producer of plasma-derived medicines and a leader in the development of innovative diagnostic solutions, announced it has entered into a transaction to acquire the remaining equity of Alkahest, Inc. in exchange for a total price of $146 million, on a debt-free basis. The closing of the transaction is subject to the approval…
WeWork Global, a US-based commercial real estate company that provides shared workspaces for technology startups and services for other enterprises, announced that it has bought 20% stake in WeWork India, a fully-owned subsidiary of Bengaluru-based estate developer Embassy Group, for $100 million. The investment is in line with the Company’s plan to scale up its…
GCMMF(Gujarat Cooperative Milk Marketing Federation), which markets dairy products under the Amul brand, announced that it will invest around Rs 1,000 crore over the next two years to set up milk processing plants, and another Rs 500 crore on facilities for new products like edible oil, its MD R S Sodhi said, according to the…
Pharmapacks, a US-based leading ecommerce enablement platform and retail seller for brands across major ecommerce marketplaces, announced the closing of a $40 million bridge round financing. The round was led by Reckitt Benckiser, The Craftory, The Straus Group, The Emerson Group, and Sawaya Capital Partners. JP Morgan Securities acted as Sole Placement Agent on the…
Orkla, a leading supplier of branded consumer goods and concept solutions to the grocery sector, specialist retailers, out-of-home sectors and the bakery market, announced it has entered into an agreement to acquire 67.8 percent of the shares in Eastern Condiments Private Limited (Eastern). Orkla already holds a strong position in the Indian branded food market…
Zymr, a full-stack cloud-native software development company headquartered in California, announced a third development center in Bengaluru to accommodate the rapid growth and future expansion plans of our company. According to the press release, the new center in Indiranagar with proximity to the Bengaluru Metro, will make Zymr easily accessible by the customers and company…
Vicara, a Bengaluru-based hardware startup specializing in immersive interaction devices and motion & gesture tracking, announced that it has raised seed funding led by ITI Growth Opportunities Fund. A prominent UK-based Fortune 500 company has also participated in this round, as reported by YourStory. Commenting on the startup, Mohit Gulati, Managing partner of ITI Growth…
Aibono, India’s first AI powered Fresh Food Aggregator, pioneering the Seed-to-plate platform connecting farmers and customers, announced that it has raised $2 million in a fresh funding round, as per ETtech report. Investors that participated in the round are Rebright Partners, Mitsui Sumitomo Insurance Venture Capital and Lesing Artha, a subsidiary of Rianta Capital. “The…
WinZO, a vernacular gaming platform with monetary benefits, announced it has raised $18 million in Series B round of funding. The round was led by Makers Fund, a Singapore-based global interactive entertainment fund, and New York-based Courtside Ventures, as per ETtech report. The current investment from both the funds turns out to be their first…