Big Bang Boom Solutions (BBBS) Pvt. Ltd, a Chennai-based defense startup and a deep tech defense solutions integrator focused on developing indigenous intellectual property, announced that it has raised $1 million from Mumbai Angels Network. Founded in 2018 by Praveen Dwarkanath and Shivaram Ramaswamy, Big Bang is involved in developing technologies focused on the needs…
Informatica, the enterprise cloud data management leader, announced that it has acquired Compact Solutions LLC to bring expanded metadata management to the Informatica Intelligent Data Platform, powered by the CLAIRE AI engine. Informatica said that the acquisition will strengthen its current leadership in metadata-driven AI and automation and extends capabilities that enable Informatica customers to…
Affle (India) Limited through its subsidiaries (“Affle”), announced the signing of a definitive agreement to acquire 8.0% ownership in OSLabs Pte. Ltd., Singapore (“Indus OS”). Indus OS operates India’s largest independent indigenous app store, with key investment from Samsung Venture Investment Corporation. Indus OS’ key offering – “Indus App Bazaar” has over 400,000 apps accessible…
Reliance Industries Limited and Jio Platforms Limited, announced that Intel Capital will invest ₹ 1,894.50 crore in Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. Intel Capital joins the list of marquee firms who have recently invested in Jio Platforms, taking the total…
Alaska Airlines, a major American airline headquartered in Washington, announced that it has secured nearly $1.2 billion in private loans to further secure its financial stability and future during the COVID-19 recovery period, while balancing the appropriate amount of liquidity. The debt financing will be funded on or around July 2. As part of an…
Zetwerk Manufacturing Businesses Pvt. Ltd, a manufacturing services marketplace that provides global end-to-end manufacturing supply chain solutions, announced that it has raised $21 million Series C funding led by Greenoaks Capital, according to a TechCrunch report. Other investors that took part in the funding round include existing backers Accel, Kae Capital, Lightspeed and Sequoia Capital…
MPS Limited (MPS), a leading provider of content, learning, and platform solutions, announced that it has completed the acquisition of HighWire Press. HighWire has long been an industry thought leader and has championed many of the digital standards and initiatives that have shaped modern scholarly publishing. “MPS and HighWire share an ethos of embedding flexibility…
Sun Life Financial Inc, a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate Clients, announced the completion of its majority stake acquisition of InfraRed Capital Partners. InfraRed will be part of SLC Management, Sun Life’s alternatives asset management business. The Company said that the acquisition will broaden…
Flinto Learning Solutions, a Chennai-based edtech startup that engages children with fun and creative activity boxes, announced that it has raised $7.2 million pre-Series B funding led by Lightbox Ventures. The Company will utilise the fund infusion to support its rapid growth in the early learning space and to expand its newly-launched preschool solution Flintoclass@HOME. …
Singapore’s state investor, Temasek, is reportedly looking to invest up to $100mn in food delivery unicorn Zomato. The development was first reported by Economic Times on Tuesday, citing people familiar with the matter. According to the report, the investment comes at a time when Zomato’s largest institutional stakeholder Ant Financial’s promised investment of $150mn has…
U.S.-Israeli digital asset security firm Curv, recently announced that it has raised $23mn in Series A funding round. The funding round saw participation from CommerzVentures, Coinbase Ventures, Digital Currency Group, Team8 and Digital Garage Lab Fund. Along with the funding, the company also officially made public tX — an elite group of cryptographers and engineers…
ChitMonks, a blockchain startup with focus on the financial services industry, announced that it has raised $650,000 in pre-Series A funding round from Unicorn India Ventures. The Company will utilise the fund infusion for product development, market expansion, strategic hiring, and further investment in scaling up the current business. Unicorn India Ventures is an early-stage…
Ken42, an integrated education platform that caters to evolving needs of institutions and students, bringing them the best of edtech, content, and affiliations, announced that it has raised a funding round of Rs 11 crore led by Turbostart, a national programme for early stage startups. Other investors that took part in the funding round include…
Marico, one of India’s leading consumer products companies operating in the global beauty and wellness space, announced that it has acquired Ahmedabad-based men’s grooming startup Beardo, according to a YourStory report. Founded in 2015 by Ashutosh Valani and Priyank Shah, Beardo is an official brand manufacturer of natural ordinary oils for bearded men. It is…
Aspire Systems, a global information technology services company, announced that it has acquired a majority stake in RapidValue Solutions, a digital product engineering services and solutions. As part of the agreement, Aspire Systems is buying out the entire stake of Helion Ventures to become the majority shareholder. The acquisition will enable Aspire to strengthen its…