Nutrizoe, a women’s nourishment brand raised INR 3 Cr in a Bridge round led by Inflection Point Ventures. The funds will be utilized for the expansion and enhancement of Nutrizoe’s Lactobite portfolio following the completion of clinical trials. The focus will be on further developing the product line to cater to a wider range of…
IMAX Corporation announced it has filed a proposal to acquire the outstanding 96.3 million shares in IMAX China, a Hong Kong-listed subsidiary established by IMAX Corporation to oversee its business in Greater China, for approximately HK$10 per share in cash / $124 million. The offer represents an approximate 49% premium to the the 30-trading day average closing price. Upon approval…
CarTrade Tech Limited, one of India’s largest online auto platforms, announced the signing of an agreement to acquire the operations of OLX in India from OLX India BV (OIBV). The deal includes acquisition of 100% stake of Sobek Auto India Private Limited, consisting of the OLX Autos transaction businesses and the OLX classifieds platform for…
Fictiv announced a major milestone on its path to becoming the world’s operating system for custom manufacturing with the opening of its India-based headquarters in Bengaluru. After an initial launch in Pune and positive feedback from its customer base on the advantages provided by the region, the company is formalizing its investment in India as its third manufacturing…
Sojern, the leading travel marketing platform, announced the acquisition of VenueLytics, the hospitality industry’s most integrated guest experience platform serving independent hotels, resorts, chains and casinos. Sojern will incorporate VenueLytics’ capabilities as an extension of the Sojern Travel Marketing Platform, a statement said. Sojern has long been a direct bookings driver for hotels—providing comprehensive digital advertising solutions…
RedStart Labs (India) has invested close to Rs 1 crore in Bengaluru-based health technology startup BrainSightAI, according to PTI report. RedStart Labs is a wholly-owned subsidiary of technology company InfoEdge. RedStart holds 4 per cent stake in BrainSightAI on a fully converted and diluted basis. However, aggregate shareholding of the company after the current investment…
Optio, the leading provider of B2B SaaS equity compensation solutions announced the extension of its series A round with CCAP, a technology financial investor out of Germany. Earlier this year Optio completed its series A from leading Nordic investors Futurum Ventures, Skyfall and Bent Skisaker. With the extension Optio successfully raised in total NOK45 million in its series…
Clensta International Pvt. Ltd, which operates the D2C brand Clensta raised funding from Bollywood actress Parineeti Chopra, according to VCCircle report. Founded in 2016 by Puneet Gupta, Clensta began with products based on waterless technology (waterless body bath and shampoo) to enable bathing without the use of water. In 2021, the Gurugram-based startup raised over Rs 20…
Okulo Aerospace, a leading innovator in the field of long endurance unmanned aerial vehicles (UAVs), announced that it has raised $1 million in a funding round led by Ideaspring Capital with participation from Java Capital, Coimbatore Innovation and Business Incubator (Forge Innovation & Ventures), and a group of angels from Rockfort Ventures. The capital infusion will be…
Honeywell announced it has agreed to acquire SCADAfence, a leading provider of operational technology (OT) and Internet of Things (IoT) cybersecurity solutions for monitoring large-scale networks. SCADAfence brings proven capabilities in asset discovery, threat detection and security governance which are key to industrial and buildings management cybersecurity programs, a statement said. “It is essential to…
Tata Communications, a global digital ecosystem enabler, announced it has entered into a share purchase agreement through its Singapore-based subsidiary Tata Communications International Pte Limited (TCIPL) to acquire the remaining 41.9% equity in Oasis Smart SIM Europe SAS (Oasis), a leading embedded-SIM (eSIM) technology provider. The transaction enables TCIPL to gain complete 100% equity shareholding…
Researchers at India’s AI4Bharat are raising $12 million from venture capital firms Peak XV and Lightspeed Venture for an artificial intelligence startup, according to Reuters report. The larger-than-usual seed funding round underscores the growing interest in generative AI, after OpenAI’s ChatGPT dazzled users with its ability to engage in human-like conversations. Most seed rounds are…
Global diversified pharmaceutical company Bausch Health Companies Inc. and KKR announced that Bausch Receivables Funding LP, an Ontario limited partnership and wholly-owned subsidiary of Bausch Health, has entered into a $600 million non-recourse financing facility with KKR and its credit funds and accounts. The facility will be collateralized by certain accounts receivables originated by a…
Vedanta Limited, India’s natural resources and technology conglomerate announced the addition of semiconductors and display glass manufacturing ventures to its diversified portfolio. This represents a large growth opportunity for India where the semiconductor market stood at $ 24 bn in 2022 and is estimated to reach $ 80 bn by 2026. The display panel market…
US-based management consulting firm Bain & Company announced that it intends to acquire the Asia Pacific arm of global venture-building and start-up development studio, Rainmaking, to help companies across the region better innovate, launch, and scale new businesses. Through its proposed acquisition of Rainmaking APAC, which comprises 50 entrepreneurial talents across key markets in Singapore, Japan and South Korea, Bain intends…