1Bstories, is a pioneering start-up founded by Anuvrat Rao, along with a team of esteemed ex-Google founding members, collectively having 23 years of experience developing and scaling products internationally, announces its emergence from stealth mode. The company has successfully raised $5.5 million in a recent funding round from Northstar Group and 47 other VCs and angel investors to…
KKR, a global investment firm, announced the completion of the previously announced acquisition of Industrial Physics, a leading provider of test and measurement instrumentation, by investment funds managed by KKR on July 19, 2023. In conjunction with transaction close, Barry Lyon has been appointed Chief Executive Officer (CEO), and Lance Reisman has assumed the role of Chairman…
OAG, the world’s leading data platform for the global travel industry, has acquired Infare, the leading provider of competitor air travel data, from Ventiga Capital in a deal valuing the combined entity at over US$500m. Together, OAG and Infare have an exciting journey ahead to leverage a truly market-leading end-to-end data platform to serve mission-critical air…
Beyond Snack, a Kerala-based banana chips startup, has raised $3.5 million funding led by agriculture and food focussed early stage fund Nabventures, according to ETtech report. Nabventures is backed by the National Bank for Agriculture and Rural Development (NABARD). The company will use the funds to expand and enhance its distribution network, supply chain and…
Accenture has acquired Strongbow Consulting, a data-driven strategic advisory firm with deep expertise in helping organizations plan and execute technology transformation strategies, while minimizing risk and maximizing cost savings. Strongbow Consulting’s team of approximately 60 professionals is joining Accenture’s Technology Strategy & Advisory practice, bringing the capabilities to optimize and modernize companies’ IT infrastructure while seamlessly bridging…
EQT announced that BPEA Private Equity Fund VIII (BPEA EQT) has agreed to acquire a control stake in Indira IVF, from TA Associates and the Company’s founders, Dr. Ajay Murdia, Dr. Kshitiz Murdia, and Dr. Nitiz Murdia, who will retain a significant minority stake and continue to lead the Company. Indira IVF was founded by Dr. Ajay Murdia in…
Kapture CX, a SaaS-based customer experience platform, has raised $4 million in a Series A funding round led by Cactus Venture Partners (CVP), an early growth-stage venture capital fund. The automation platform offers a suite of solutions for enterprise customers. The platform helps improve their customer experience by streamlining and automating customer support over calls,…
B2B commerce enabler Beyobo has raised Rs 5.5 Crores in a Pre-Series A Round led by Inflection Point Ventures. SAN Angels, Indian Angel Network and Hyderabad Angels also participated in this round, along with several other individual angels. The funding round was initiated by CENSIE Capital Partners, who acted as the investment bank for the…
Sunrate, an intelligent global payment and treasury management platform, announced an extended Series D (Series D-2) funding round from Sequoia Capital Southeast Asia (now known as Peak XV Partners). Prosperity7 Ventures and Softbank Ventures Asia also participated in this round. The funding will enable Sunrate to accelerate its global expansion by innovating its own technologies, deepening…
Leading global investment firms KKR and H.I.G. Capital (H.I.G.) announced that an affiliate of H.I.G. will acquire RBmedia and support its next phase of growth and development. RBmedia is the leading audiobook publisher in the world with a powerful digital distribution network that reaches millions of listeners around the globe. “This acquisition marks a milestone…
InVentry, a UK based global leader in innovative technology solutions, announced that it has acquired Singapore based Hipla Technologies; a pioneer in smart workplace management solutions. The acquisition is part of InVentry’s global expansion plan and will support their international growth strategy across both Singapore and India. The acquisition will enhance InVentry’s product portfolio, helping to…
Accenture has completed its acquisition of Optimind, a Paris-based independent consulting firm that provides advisory services and solutions to help insurance firms, banks and large corporate clients to meet major challenges of competitiveness, transformation and regulation. Accenture announced its intent to acquire Optimind on March 17, 2023. Financial terms of the transaction were not disclosed. Optimind, recipient of…
HCLTech, a global technology company, announced the launch of its Global Delivery Center (GDC) in Rabat, Morocco. The GDC is HCLTech’s first facility in Morocco and is part of the company’s nearshore strategy to serve global enterprises. It will deliver transformation projects to clients across HCLTech’s portfolio themes of digital, engineering, cloud, AI and software. Today’s…
Singapore-based Motion G, Inc. has closed a new round of funding led by Episteme, Inc., securing an additional US$16 million. By leveraging advancements in machine learning, AIGC, data science and digital twin technologies, the firm aims to revolutionize the engineering process to significantly drive productivity, a statement said. Through its AI-powered generative engineering platform, Motion G delivers…
Chase Corporation (Chase), a global manufacturer of protective materials for high-reliability applications across diverse market sectors, announced that it has entered into a definitive agreement to be acquired by an affiliate of investment funds managed by KKR, a leading global investment firm (as applicable, “KKR”). The all-cash transaction is valued at approximately $1.3 billion, including…