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…
The space saving furniture brand ‘Wallter Systems’ has raised undisclosed amount in a seed round led by Inflection Point Ventures. The funds will be utilized for brand building and scaling up the operations of Wallter Systems, a statement said. Bhanushree Natekar, the founder, and CEO of Wallter Systems, brings a strong engineering background and a deep…
Global innovator LG Electronics and Clearbrook LLC, a global investment advisory and asset management firm, announced a strategic alliance to support companies developing solutions to bring positive change to people and the planet. The two companies are collaborating in NOVA Prime Fund, a venture capital fund with a target of more than $100 million (USD). The Fund’s objective will be…
KKR, a global investment firm, and LEAP India (LEAP), a leading pallet pooling platform in India, announced the signing of definitive agreements under which funds managed by KKR will acquire a majority stake in the Company. Founded in 2013 by Sunu Mathew, LEAP is a leading pallet pooling platform in India, providing a wide range…
Cyble, the fastest-growing threat intelligence provider that blends cybersecurity and artificial intelligence to develop state-of-the-art threat intelligence solutions, announced a $24 million injection of capital through Series B funding. The funding round, co-led by Blackbird Ventures and King River Capital with participation from Spider Capital, January Capital, Summit Peak Ventures, and others, will fuel Cyble’s technical roadmap,…
Freeman, a global leader in events, announced that it has acquired Sparks, a global brand experience agency. Founded in 1919 and headquartered in Philadelphia, Pennsylvania, Sparks is globally recognized for providing award-winning exhibit and event experiences to a diverse group of Fortune 1000 brands, including Google, Salesforce, Anheuser-Busch InBev, and T-Mobile. Sparks’ proven approach to…