Blackstone, one of the world’s leading investment firms, announced that it has reached a definitive agreement to acquire Ancestry from Silver Lake, GIC, Spectrum Equity, Permira, and other equity holders for a total enterprise value of $4.7 billion. Current Ancestry investor GIC will continue to retain a significant minority stake in the company. This transaction…
Chingari, a Bengaluru-based local short video-sharing app, announced that it has attracted a funding of $1.3 million in a seed round. Investors that participated in the funding round include AngelList India, Utsav Somani’s iSeed, Village Global, LogX Ventures, and Jasminder Singh Gulati of NowFloats, said a statement from Chingari. The company plans to use the…
Murugappa Group led Tube Investments will be investing Rs 700 crore to acquire 51% stake in CG Power and Industrial Solutions, as per the media reports. The transaction is subject to Tube Investment emerging winner of the Swiss challenge process that the lenders of CG Power will undertake by August 28. This process allows other…
Actis, a leading investor of private capital into global emerging markets, announced that its Actis Long Life Infrastructure Fund (ALLIF) has completed the acquisition of two solar projects in India totalling 400MW from Acme Solar Holdings Ltd. These projects are located in the Indian states of Andhra Pradesh and Madhya Pradesh respectively. Actis is a…
Artemest, the Milan and New York-based e-commerce platform selling Italian luxury design, home decor and lifestyle, announced it has raised a new round of financing with the French private equity OLMA Luxury Holdings and the Swiss holding Brahma joining the Milan-based investment firm NUO Capital in supporting financially and strategically the growth of the company.…
ReturnLogic, a technology startup democratizing returns management for modern retailers, announced it has raised $2 million in financing from Revolution’s Rise of the Rest Seed Fund, Amplify.LA, Cultivation Capital, SaaS Ventures, Stout Street Capital, SpringTime Ventures, and Ben Franklin Technology Partners. “The e-commerce landscape is growing rapidly, creating a wealth of new infrastructure opportunities to…
Main Street, the leading provider of data-driven print services to community financial institutions across the US, announced the acquisition of Onovative, an automated marketing technology software provider based in Louisville, Kentucky, US. The purchase of Onovative further enhances Main Street’s marketing services solutions. Onovative’s automated marketing platform enables banks and credit unions the ability to…
Cisco announced that it has completed the acquisition of ThousandEyes. ThousandEyes’ internet and cloud intelligence platform expands visibility and insights into the digital delivery of applications and services over the internet and the cloud. ThousandEyes enables organizations to visualize any network as if it was their own, quickly surface actionable insights, and collaborate and solve…
Kumanu, a US-based next-generation wellbeing technology company, announced that it has closed an A round of investment from ProMedica. The investment comes on the heels of a year in which Kumanu introduced its new brand, re-launched its AI-driven purpose activation platform, released its flagship application Purposeful by Kumanu, and forged partnerships with leading technology companies,…
Fitspire, a health and wellness startup, announced that it has raised $200,000 in its pre-seed round led by Nikhil Parmar and Priyanka Madnani, Founders, EasytoPitch, along with Bollywood Singer Sukhbir Singh and other investors. The startup will utilise the new funds to expand the full suite of Fitspire’s product offerings across the nation in the…
GentiBio, a biotherapeutics company developing engineered regulatory T cells programmed to treat autoimmune, alloimmune, autoinflammatory, and allergic diseases, announced that it has closed a $20 million seed funding led by OrbiMed, Novartis Venture Fund and RA Capital Management, L.P. GentiBio also announced it has entered into exclusive licensing partnerships with Seattle Children’s Research Institute, Benaroya…
Think and Learn, which owns and operates education technology platform Byju’s – The Learning App, announced that it has acquired Mumbai-based WhiteHat Jr in a $300 million all-cash transaction. Founded in 2018 by Karan Bajaj, WhiteHat Jr is a Live online 1:1 platform that connects kids age 5-12 to top early childhood coding teachers. WhiteHat…
MyGlamm, a Mumbai-based direct-to-consumer brand of award winning European beauty products, announced that it has acquired women-focused content and influencer business POPxo. Financial details of the transaction were not disclosed. Priyanka Gill, founder of POPxo, will join MyGlamm’s board and will be designated cofounder of the combined entity. The deal is expected to reduce MyGlamm’s…
Qualified, the conversational marketing platform for companies that use Salesforce, announced a $12 million Series A funding round led by Norwest Venture Partners with additional participation from existing investors including Redpoint Ventures and Salesforce Ventures. The investment, which brings the company’s total funding to $17 million, will be used to meet the growing demand for…
Crowdpouch Marketing Services Pvt Ltd, an all in one fundraising and pre-selling platform for startups, nonprofits, Innovative products and Creative ideas, announced that it has raised angel funding from Elina Investments. Financial details of the funding remain undisclosed. Founded by Syed Safawi, Elina concentrates on early-stage bets and has invested in companies including GoMechanic, PadUp,…