Digital-first wellness brand What’s Up Wellness has raised Rs 14.40 crore in a seed funding round led by Unilever Ventures, the venture capital arm of FMCG giant Unilever, according to ETtech report. This marks Unilever Ventures’ inaugural investment in the health and wellness category in India. The move comes amid a surge in pharmaceutical stocks…
Launch service provider Rocket Factory Augsburg AG (RFA) announced that it has raised a €30 million investment from KKR, a leading global investment firm. The fresh funding is a vote of confidence for RFA as global demand for access to space continues to grow. The investment will facilitate RFA’s upcoming integrated first stage test and…
Unisun Energy Group, a leading provider of industrial and commercial intelligent green power services, announced the successful completion of its Series C financing, which was led by the renowned investment firm Cathay Capital with increased investment from its existing shareholder Source Code Capital. The proceeds from this financing will be utilized for developing and constructing…
Moove, the world’s first mobility fintech, announced that it has secured $76m in new funding, consisting of $28m in equity from new and existing investors, in a process led by Mubadala Investment Company (Mubadala), $10m venture debt from funds and accounts managed by BlackRock, and $38m in previously undisclosed funds raised during the prior twelve…
MetaShot, a Bangalore-based gaming startup, secures $400K in a Pre-seed Round with participation from Inflection Point Ventures. The round also saw participation from an early-stage gaming focussed fund and prominent angels, including founders of Dineout – Ankit Mehrotra, Sahil Jain and Khalid Qazi, among others. The funds will be used to expand the team, invest…
Cactus Communications (CACTUS), a science communication and technology company, has announced a merger with Kolabtree, the world’s largest freelancing platform for scientists that connects businesses and labs with freelance PhD-qualified scientists all over the world. The merger will bring forth a new managed service model that will help to enhance Kolabtree’s user experience significantly, a statement said. With…
KKR, a global investment firm, announced that private credit funds and accounts managed by KKR have purchased a $373 million portfolio of prime auto loans from Synovus Bank. This investment aligns with KKR’s asset-based finance (ABF) strategy, which focuses on privately originated and negotiated credit investments that are backed by large and diversified pools of financial and hard…
Paramount Global and KKR announced the signing of a definitive agreement pursuant to which KKR will acquire Simon & Schuster for $1.62 billion in an all-cash transaction. “We are pleased to have reached an agreement on a transaction that delivers excellent value to Paramount shareholders while also positioning Simon & Schuster for its next phase…
JPMorgan Chase announced the opening of two new state-of-the-art facilities in Mumbai and Bengaluru, strengthening its presence in India and redefining the workplace experience for employees. These modern workplaces are two of the firm’s largest technology and operations centers globally that will drive long-term service excellence, efficiency, and innovation. The Mumbai campus is a 1.16-million-square-foot…
Accenture has completed the acquisition of Anser Advisory, an advisory and management company for infrastructure projects in the United States. The acquisition enhances Accenture’s ability to help companies and state and local public sector organizations complete large, long-term infrastructure projects more predictably and efficiently—projects that support growth for clients and have a positive impact on communities,…
Disprz, a corporate learning and skilling platform, has raised $30 million in its Series C funding round led by Lumos Capital, according to ETtech report. 360 ONE Asset (IIFL Wealth) and returning investors Kae Capital, KOIS and Dallas Venture Capital also participated in the funding round. The funding, a result of primary and secondary share…
Bengaluru-based growth stage investor Elev8 Venture Partners has announced the first closure of its maiden fund with a commitment of USD 67 million from a few family offices, HNIs from India, the Middle East, and the rest of Asia, according to PTI report. The fund in a statement on Friday claimed that this is the…
Vistaar Financial Services Private Limited (Vistaar Finance), one of India’s leading MSME lending institutions, has secured a commitment for a loan up to U.S. $50mn from the U.S. government’s development finance institution, U.S. International Development Finance Corporation (DFC). Vistaar Finance was founded in 2010 when MSME lending was not very common in India. The company…
Unstop, a community engagement and hiring platform for students and graduates, announced it has raised $5 million from Japan-based human resources firm Mynavi, online education provider Coursera and others, according to ETtech report. The Delhi-based startup is Coursera’s first India-based investment. Unstop will use the capital to enhance its technology, marketing, product and sales functions,…
Mahindra & Mahindra Ltd., a leader in automotive, farm, and services businesses, and Temasek, the Singapore-headquartered global investment firm, have executed a binding agreement for Temasek to invest INR 1,200 crore into MEAL (Mahindra Electric Automobile Limited), the four-wheeler (4W) passenger electric vehicle company. Temasek will invest INR 1,200 crore in the form of Compulsorily…