The Board of Directors of ITC Limited, at its meeting held today, evaluated and discussed various alternative structures for the Hotels Business towards crafting the next horizon of growth as also enhancing value creation for all stakeholders. The Board noted that the Company’s Hotels Business has matured over the years and is well poised to…
Group14 Technologies, the leading global manufacturer and supplier of advanced silicon battery technology, acquired Schmid Silicon Technology Holding GmbH (Schmid Silicon), the most technologically advanced silane producer in Europe, in a landmark move to strengthen the global battery supply chain and meet demand for silicon battery technology worldwide. As part of the acquisition, Group14 will bring…
PingSafe, a cloud-native application protection platform (CNAPP) that helps client companies target cloud security challenges, has announced its emergence from stealth mode with an investment of $3.3 million in a seed funding round led by Surge, according to ETtech report. Surge is the startup accelerator programme of Peak XV Partners, earlier called Sequoia Capital India…
o9 Solutions, a leading enterprise AI software platform provider for transforming planning and decision-making for global enterprises, announced that its existing investors, led by General Atlantic’s BeyondNetZero the inaugural companion fund for the growth equity firm’s climate investing efforts, have invested an additional $116 million in the Company. Existing investors KKR and Generation Investment Management also participated in the round. The investment values…
Dell Technologies announced it has signed a definitive agreement to acquire Moogsoft, an AI-driven provider of intelligent monitoring solutions that support DevOps and ITOps. This transaction will further enhance Dell’s AIOps capabilities, as part of its longstanding approach of embedding AI functionality within its product portfolio and as a critical component of its “multicloud by design”…
MUSINSA, an online fashion platform in South Korea, and KKR, a global investment firm, announced the signing of definitive agreements under which funds managed by KKR will lead the US$190 million Series C fundraise of MUSINSA, with participation from Wellington Management, one of the world’s largest independent investment management firms. Founded in 2001 as an…
Tractable, a leader in artificial intelligence (AI) using computer vision to assess the condition of cars and homes, announced a $65M Series E investment led by SoftBank Vision Fund 2. Existing investors Insight Partners and Georgian participated in the round. As part of the transaction, Nahoko Hoshino, Investment Director for SoftBank Investment Advisers will join the Tractable board.…
Ares Management Corporation (Ares) announced that Ares has entered into a definitive agreement to acquire 100% of Crescent Point Capital (CPC), a leading Asia-focused private equity firm with approximately $3.8 billion of assets under management, as of March 31, 2023. Founded in 2003, CPC has approximately 50 professionals. The team is headquartered in Singapore and…
Sheela Foam Limited, a leader in Home Comfort products (foam-based) and the largest Polyurethane (PU) Foam manufacturer, announced two simultaneous deals, with controlling stake in Kurlon Enterprises Limited (flagship brand Kurl-on — Mattress of India) and a stake in Furlenco furniture (online furniture brand owned and operated by “House of Kieraya Private Limited” or “HOK”).…
Open-source low-code developers platform ToolJet has raised funding from M12, the venture arm of Microsoft, and cloud-based software development platform GitHub, according to PTI report. Founded in 2021, ToolJet has previously raised $6.1 million from Nexus Venture Partners, Ratio Ventures, Better Capital, January Capital and other venture capitalists and angel investors. ToolJet will utilise the…
Bollywood actor Suniel Shetty announced his investment in re-engineered tyre startup brand Regrip, according to PTI report. “I am super excited about my association with Regrip. We’re not just redefining the concept of re-cycled, safe, economical high quality tyres but also contributing to a greener future by reducing waste and maximizing the lifecycle of each…
SKYPLAY has received a $10 Million grant from LDA Capital Limited, a global investment group, to accelerate the expansion of its gaming platform through the publication of more games and conquering new users. SKYPLAY plans to continue leveraging its enthusiastic blockchain community of over 300,000 monthly active users to help bring excitement to its games portfolio as…
Cyril Amarchand Mangaldas advised Aditya Birla Capital Limited (ABCL) on its fundraise through issuance of equity shares aggregating to INR 3000 crore. The Capital Markets practice of Cyril Amarchand Mangaldas advised ABCL on the transaction. The transaction team was led by Yash Ashar, Partner & Head Capital Markets; Abhinav Kumar, Partner & Regional Head Markets Practice (Western Region); with…
Business-to-Business (B2B) software service management platform, Zluri announced that it has raised $20 million in its Series B funding round led by Lightspeed Venture partners, according to moneycontrol report. Zluri’s funding round also saw participation from its existing backers, MassMutual Ventures, Endiya Partners and Kalaari Capital. With the new funding, the company has now raised $32 million…
Accel-KKR, a global technology-focused private equity firm, today announced that it has signed a definitive agreement to sell Kerridge Commercial Systems Ltd (“KCS”), an ERP and business management software provider for distributors, wholesalers and related trades, to CapVest Partners LLP (“CapVest”), an international private equity firm. KCS, headquartered in Berkshire, England, provides software to over 32,000 customers across the world in a…