Broadridge Financial Solutions, Inc, a global Fintech leader and part of the S&P 500® Index, has completed its previously announced acquisition of FundsLibrary, a leader in fund document and data dissemination in the European market. The acquisition accelerates Broadridge’s pan-European regulatory communications and digital data platform, supporting the lifecycle of fund data, documents, and regulatory…
Clarivate Analytics plc, a global leader in providing trusted insights and analytics to accelerate the pace of innovation, announced it has completed its acquisition of Decision Resources Group. Previously, Clarivate announced its intent to acquire DRG from Piramal Enterprises Limited, part of global business conglomerate Piramal Group. As per Piramal Enterprises’ exchange filings, the company…
Metanoia Communications Inc. (Metanoia), a leading manufacturer of standalone high-speed xDSL and Gfast PHY chipsets for the wireline broadband market, announced it has successfully completed its fresh round of funding from domestic investors led by Taiwania Capital Investment and National Development Fund. Existing investors such as Elan Microelectronics also took part in this new funding…
Neeman’s, a Hyderabad-based eco-conscious footwear startup manufacturing comfortable shoes using Merino Wool, announced it has raised $1 million pre-Series A funding led by Anicut Angel Fund. Tushar Singh and Rohit Anand led the funding round on behalf of Anicut, with Tushar joining the company board. Through Anicut, Ashvin Chadha, Arjun Seth, Abhishek Goyal, Ambarish Raghuvanshi,…
Hexagon AB, a global leader in sensor, software and autonomous solutions, announced the signing of an agreement to acquire Romax Technology Limited, a leading provider of Computer Aided Engineering (CAE) software for electromechanical drivetrain design and simulation. A greater focus on energy efficiency and an accelerating shift towards electrification brings new engineering challenges that require…
Bennett Coleman and Company Ltd (BCCL), which runs the Times Group, recently announced that it has picked up an equity stake in cloud kitchen startup Rebel Foods. According to a company filing, accessed by Inc42, the company said it has converted BCCL’s five-share warrants from 2017 into 714 equity shares worth ₹16.25Cr ($2.2 Mn). The…
Bengaluru-based fintech startup PhonePe recently announced that it has raised fresh capital from its Singapore-based parent entity PhonePe Private Limited, Singapore. According to a company filing, PhonePe has received $60 million (Rs 427.25 crore) in fresh capital from its Singapore parent, PhonePe Pvt Ltd. PhonePe allotted 1mn equity shares at a value of ₹10 with…
Chandigarh-based personal care and grooming startup LetsShave recently announced that it has raised an undisclosed amount of funding from Wipro Consumer Care Ventures, the venture capital fund of Wipro Consumer Care and Lighting. Existing investor Dorco also participated in the funding round. Although there is no confirmation by the company, media reports suggested that with…
Deeptech startup AjnaLens recently announced that it has raised $1.5mn in Pre-Series A funding round. The funding was led by Maharashtra Defence and Aerospace Venture Fund (MDAVF). Other investors include Mohsin Group and high-net worth-individuals (HNI) like Nailesh Khimji, Chirayu Khimji and Jay Jesrani. It is understood that the company will use these funds to…
Vogo Automotive, an on-demand transportation solutions provider, announced raising $20 million in a funding round led by LGT Lightstone Aspada. Existing investors such as Matrix Partners India, Kalaari Capital and Stellaris Venture Partners also participated in the current funding round. As per the regulatory filings, the funds will be utilised to help Vogo expand across…
Pidilite Industries, an adhesives manufacturing company and the maker of Fevicol, announced entering into an agreement with Italy’s Tenax SPA for acquiring a 70% stake in Tenax India Stone Products for about Rs 80 crore. Tenax is an Italy-based company founded in 1956. The Tenax Group has 10 branches across five continents. The company sells…
Made Renovation, a startup that manages bathroom remodeling projects on behalf of homeowners, has raised $9 million seed funding led by Base10 Partners. Other investors that took part in the funding round include: Felicis Ventures, Founders Fund and some angel investors. The company plans to use its new capital to grow its delivery and technology…
Bengaluru and San Francisco-based Hasura recently announced that it has raised $9.9mn in Series A funding round led by Vertex Ventures US. The funding round saw participation from existing investor Nexus Venture Partners and Strive VC along with SAP’s early-stage venture arm SAP.iO Fund. Hasura works to solve developer problems around connecting to databases when…
Qure.ai , a leading healthcare AI startup, announced that it has raised $16 mn in a funding round led by Sequoia India and supported by MassMutual Ventures Southeast Asia. The company will utilise the funds to drive geographical expansion, expand product portfolio and support regulatory clearances. Prashant Warier, co-Founder and CEO, Qure.ai, commented, “We are…
Apollo Tyres, one of the world’s largest tyre manufacturers, announced that its Board of Directors has approved an issuance of compulsorily convertible preference shares in the company worth $150 million to an affiliate of Warburg Pincus, a leading global private equity firm focused on growth investing. The investment represents a primary capital infusion into the…