Blue Star Limited, India’s air conditioning and commercial refrigeration player, announced that it has successfully completed raising Rs 350 crores through private placement of Non-Convertible Debentures (NCDs). The NCDs will be listed on the Wholesale Debt Market of National Stock Exchange of India Limited. The NCDs are unsecured and carry a coupon rate of 7.65%…
Zentiva, a Czech Republic-based company that develops and manufactures generic medicines providing the NHS with low cost alternatives to branded medicines, announced the completion of its acquisition of a manufacturing site in Ankleshwar, India, from Sanofi. The acquisition will increase the number of wholly-owned Zentiva production sites worldwide. The company said that the move will…
Chinese transportation company, DiDi recently announced that it has completed a $500mn fundraising round for its self-driving unit. The funding round was led by Masoyoshi Son-led SoftBank’s Vision Fund 2. The ride hailing giant said in a statement that the round marked the first time DiDi’s self-driving business had brought in external funding since it…
Chinese internet giant Tencent Holdings Ltd is reportedly in talks to invest $200mn in Warner Music Group. The recent development from Tencent comes just days ahead of the record company’s slated initial public offering. According to a Wall Street Journal report, Warner Music is also working to line up institutions that, along with Tencent, would…
Arterys, a US-based global medical imaging platform to deliver clinical AI products over the internet, announced that it has raised a $28 million Series C investment from a syndicate led by Benslie Investment Group and Temasek Holdings, with participation by Fosun, Revelation Partners, Emergent Medical Partners, and Varian Medical Systems. Arterys said it will deploy…
Chainalysis, a US-based blockchain analysis company, announced the expansion of its partnership with ZebPay, the leading cryptocurrency exchange and wallet provider in India. Under the terms of the agreement, ZebPay will expand its use of Chainalysis KYT (Know Your Transaction) for transaction monitoring and compliance processes and Chainalysis Reactor for enhanced due diligence and investigations…
Delta Electronics Inc, a Taiwanese power management solutions provider having sales offices worldwide and manufacturing plants in Taiwan, China, Thailand, Mexico, India and Europe, announced the acquisition of Trihedral Engineering Limited, a Canadian SCADA and IIoT software company, for CAD 45 million. The company said that the acquisition will unite the strengths of Delta’s hardware…
HCL Technologies, a leading global technology company, announced its intent to acquire Cisco’s Self-Optimizing Network (SON) technology. As part of the deal, some employees who work on Cisco’s SON technology will move from Cisco to HCL. The company said that the acquisition, which comprises of products and services built on Cisco’s SON technology, will help…
Timios, a Bengaluru-based online platform intended to offer age-appropriate nutritional products, announced that it has raised capital as part of its pre-Series A round of funding, according to a VCCircle report. Financial details of the funding remain undisclosed. The pre-Series A funding round was led by Rangsons Technologies LLP, which is part of the Mysore-based…
Siemens Healthineers, a medical technology firm and one of the world’s largest suppliers to the healthcare industry, announced that it has partnered with the industry body Nasscom for collaboratively nurturing innovation in healthcare startups, according to an ET report. Siemens Healthineers and Nasscom’s Center of Excellence for IoT & AI will work with the Indian…
South Korean automobile manufacturer Kia Motors is planning to pump in additional $54 million in its Andhra Pradesh plant. The announcement for the investment was made by the Chief Executive Officer of Kia Motors India Kookhyun Shim. “Kia was a big success in the Indian car market within 10 months of starting production. We are…
Clumio, a US-based data backup and recovery SaaS provider, announced the launch of the Clumio Research and Development Center in Bengaluru to begin operations in India. The company said that the center will be an integral part of Clumio’s capability to build and deliver services on its cutting-edge platform built on AWS. Clumio leverages the…
Swiflearn, a Gurugram-based e-learning startup, announced that it has raised seed funding from Stellaris Venture Partners and Venture Highway, with participation from Utsav Somani, Founder of AngelList India, according to YourStory report. The founding team will be guided by Rahul Choudhary and Priya Mohan, who represent Stellaris and Venture Highway respectively. Financial details of the…
IndoStar Capital Finance, a Mumbai-based non-banking finance company registered with the Reserve Bank of India as a systemically important non-deposit taking company, announced that it has raised Rs 1,225 crore equity capital from Brookfield, according to an ET report. The investment by Brookfield in the retail-focussed NBFC is a combination of primary investment in equity…
After US-based corporations like Facebook, General Atlantic and KKR invested heavily in Mukesh Ambani-led Jio Platforms, global tech giant Microsoft is reportedly in talks with the company for a potential investment of $2bn. Jio Platforms is the digital unit of Reliance Industries Limited. According to a LiveMint report, Microsoft has been in discussions with several…