PA Media Group, the UK-based news and information business, announced that it has acquired Alamy, a leading supplier of stock imagery. The acquisition sees the PA Media Group enter the stock imagery market for the first time. It also supports the Group’s long-term strategy to diversify its business and consolidate its position as the UK’s…
WorkIndia, a Blue-collar recruitment platform, announced that it has raised Rs42 cr from Chinese tech major Xiaomi. Previous investors of WorkIndia who have done multiple investment rounds in the company include Beenext Pte ltd and a Japanese hedge fund Asuka Investments among others, the company said. In the company’s journey of less than five years,…
Qatar Investment Authority (QIA) has completed acquisition of 25.10% stake in Adani Electricity Mumbai Limited (AEML) from ATL along with an investment in shareholder subordinated debt in AEML (“Transaction”) on 10 February, 2020. The total QIA investment in AEML is approximately INR 3,220 Crore, which includes equity consideration of approximately INR 1,210 Crore and shareholder…
Infosys, a global next-generation digital services and consulting company, announced a definitive agreement to acquire Simplus, one of the fastest growing Salesforce Platinum Partners in the USA and Australia. Simplus is a recognized leader and advisor in cloud consulting, implementation, data integration, change management and training services for Salesforce Quote-to-Cash applications. This acquisition, coupled with…
Chaayos, a multicity chain of tea cafes company, announced that it has raised $21.5 million funding led by Silicon Valley-based Think Investments. Existing investors SAIF Partners, Tiger Global and others also participated in the fresh funding round, including a $3 million debt investment from Innoven Capital. Earlier, Chaayos had raised $20 million in funding. According…
SteelEye, the compliance technology and data analytics firm, has raised $10 mn in Series A funding in a round led by the FinTech Strategic Investments team at Eight Roads, the proprietary investment firm backed by Fidelity, alongside existing investor Illuminate Financial. This takes the total amount raised by SteelEye to $20 mn to date. SteelEye…
Pepperfry, a Mumbai-based online home furniture marketplace, announced that it has raised $40 million in Series F funding led by Pidilite Industries, the makers of popular homegrown adhesive brand. In March 2018, Pepperfry had secured Rs 250 crore as part of its Series E round from State Street Global Advisors. The funds will be utilised…
Religare Enterprises Ltd, a financial services company, announced that the company has entered into definitive agreements with Kedaara Capital Fund II LLP and Trishikhar Ventures LLP (jointly referred as ‘Kedaara’ ) for divestment of 6.76 per cent stake in its arm Religare Health Insurance Company (RHICL) for Rs 200 crore. As per the Company’s exchange…
Chalet Hotels Limited (Chalet) has concluded the transaction with Belaire Hotels Pvt. Ltd. (BHPL), owner of ‘Novotel Pune Nagar Road’ Hotel (Novotel Pune) and its affiliate entity Seapearl Hotels Private Limited (SHPL) for a net consideration of Rs. 177 Crores. The above acquisition includes 100% equity shares and 100% of zero coupon fully & compulsorily…
Fintech startup SuperMoney recently announced that is has raised $1mn from early-stage investor Unitus Ventures in a pre-Series A funding round. SuperMoney was founded in 2017 by Shiv Nandan and Nikhil Banerjee from Mumbai. The company plans to utilize these funds to strengthen its team across technology, business development, and backend operations. The company also…
Cipla Ltd. announced the acquisition of nutrition products’ portfolio from Wanbury Ltd. Cipla has acquired 4 brands — CPink, CDense, Productiv and Folinine to further strengthen its presence in women’s health. The nutraceutical products, to be sold under the 4 umbrella brands, would address various health needs for conditions arising due to nutritional deficiencies or…
Edtech start-up BYJU’S recently announced that it has raised additional funding from existing investor General Atlantic. While the company didn’t mention the exact amount of funding, sources familiar with the development have said that it’s close to $200mn at a valuation of $8bn. The announcement comes weeks after Tiger Global invested $200mn in the startup.…
SaaSWorks, which delivers operational solutions for scaling SaaS businesses, announced that it has raised $5 million investment led by Conversion Venture Capital along with prominent SaaS CEOs, CFOs and executives. “It’s been humbling to see the type of support we’ve had from our initial customers, team and investors,” says Co-Founder Vipul Shah. “Based on what…
Sapiens International Corporation, a global provider of software solutions for the insurance industry, announced that Germany’s antitrust authority has approved Sapiens’ acquisition of sum.cumo without restriction. All necessary regulatory approvals for the acquisition have now been received and the transaction is completed. sum.cumo is a German-based technology provider that offers disruptive, digital, innovative and consumer-centric…
Chennai-headquartered WayCool Foods has raised $32 mn in a combination of equity and debt in its Series C round, the company said in a statement. The round was led by Lightbox and saw participation of FMO, the Dutch entrepreneurial development bank, as well as its current investor LGT Lightstone Aspada. The company has also partnered…