Singapore-based iMin Technology has recently secured US$5 million in Series Pre-A funding led by Yonghua Capital, as the demand for digital commercial devices like point-of-sale terminals, industrial scanners, and self-service kiosks continues to rise globally. Founded in 2018, iMin Technology is dedicated to its brand promise and plans to leverage emerging technologies and opportunities for partners in innovative services,…
nT-Tao, the compact fusion energy company setting a new standard for the future of clean energy, announced that MITSUI SUMITOMO INSURANCE Venture Capital, the Japanese asset management arm of Mitsui Sumitomo Insurance Company, has joined the Series A funding round in a deferred investment for an undisclosed sum. nT-Tao announced its Series A round in February of this…
Sumitomo Chemical India Limited (SCIL), a subsidiary of one of the leading global diversified chemical companies Sumitomo Chemical Co., Ltd., Japan (SCC Japan) and a leading player in Indian agrochemical, household insecticides and animal nutrition sectors, announced signing of definitive agreements to acquire majority stake of Barrix Agro Sciences Pvt Ltd. (Barrix). Since more than…
SatSure, a global leader in satellite Earth observation data and analytics, has closed a Series A round of $15 million in equity capital and venture debt. The round has been led by Baring Private Equity Partners (BPEP), India and Promus Ventures, with participation from Omidyar Network India, and xto10X. With this investment, SatSure’s plans of launching a fleet of…
ShipEase, India’s most efficient logistics company has raised $1 M in a Pre-Series A Round led by Inflection Point Ventures. The funds raised will be utilized in expanding the team, improving the technology, developing new efficient products and brand building, a statement said. ShipEase was founded by a trio of accomplished professionals. Pawan Kumar, the CEO, brings expertise…
Apollo.io, the leading go-to-market (GTM) solution for sales and marketing teams, announced that it has raised $100M in Series D funding led by Bain Capital Ventures (BCV), with participation from existing investors Sequoia Capital, Tribe Capital, and Nexus Venture Partners. Following the company’s Series C in March 2022, this investment brings the company’s total funding to approximately $250 million while…
Aryastha Life Sciences, a leading Contract Research and Development Organization in healthcare, has achieved a major milestone by successfully concluding its Series A funding with significant backing from Vessella Group, a prominent investor in India. A strategic funding boost from Vessella positions Aryastha to reshape drug discovery and development in the pharmaceutical and biotech sectors. With…
Accenture has acquired ATI Solutions Group (ATI), a Perth-based consulting service provider to the mining, energy and rail industries. ATI will enhance Accenture’s capabilities in West Australia, where specialized digital and industrial talent is in high demand. Terms of the transaction were not disclosed. ATI offers clients a broad skill set and has experience across a wide range…
Beams Fintech Fund, India’s first Growth Stage Fintech Fund, has invested an undisclosed amount in a Series B round of $50 million in India’s leading Debt Collection SaaS platform, Credgenics. Beams has invested alongside Westbridge and Accel in this round. Other investors in this company include Tanglin, Tital Capital, and DMI Finance. Founded in 2018 by Rishabh…
o9 Solutions, a leading AI powered software platform used by global manufacturers and retailers to plan their supply chains, announced that it will immediately be starting o9 Hyderabad, expanding its already-large operations in India. The Company also announced that in partnership and collaboration with the Telangana government, it will develop a specialized “Supply Chain Skills…
Quick-commerce startup Zepto has raised $200 million funding at a $1.4 billion valuation, according to moneycontrol report. The Series E round was led by the StepStone Group, a US asset management firm, and included Goodwater Capital and some existing investors. Zepto’s valuation jumped from $900 million in May 2022. The funding is of particular importance…
In a strategic move to bolster its presence in the Electric Vehicle (EV) segment, Gulf Oil Lubricants India Limited (GOLIL), a Hinduja Group Company, announced to acquire controlling stake in Tirex Transmission Pvt Limited for ~ INR 103 Crores subject to the completion of definitive agreements and the satisfaction of predetermined closing conditions. This is…
Shaadi.com, India’s no. 1 matchmaking platform announces the opening of its new office in Pune, from August 2023. This significant step heralds a fresh chapter for the company, setting the stage for a broader nationwide presence. With Maharashtra being one of the important markets for the Shaadi.com, this move will fortify its presence in the state. The…
Global investment firm KKR and PAG, a leading alternative investment firm focused on Asia Pacific, announced the signing of definitive agreements under which PAG will acquire KKR’s controlling interest in Australian Venue Co (“AVC”). Financial terms of the transaction were not disclosed. AVC is an established food and beverage hospitality business that owns and operates…
Cyril Amarchand Mangaldas acted as legal counsel for Navi Technologies and Navi Finserv on sale of 100% stake in their microfinance subsidiary Chaitanya India Fin Credit, to Svatantra Microfin, a group company of the Aditya Birla Group, for a purchase consideration of Rs. 1479 Crore. Chaitanya is engaged in business of providing microfinance loans to joint-liability groups and is…