TI Clean Mobility Private Limited (TICMPL), a subsidiary of Tube Investments of India Limited (TII) announced its entry into the largest segment of commercial vehicles in India with its fourth Electric Vehicle platform. TICMPL will float a new subsidiary company to commercialize eSCV (electric small commercial vehicles). In this regard, TICMPL entered into an agreement…
Leverage Edu, a Noida-based overseas-focused higher education counselling platform run by Leverage EdTech Pvt Ltd, announced it has secured Series C funding of $40 million led by Princeton-based language testing conglomerate ETS, according to VCCircle report. The round also saw participation from its existing investors like Blume Ventures, DSG Consumer Partners and Kaizenvest PE. The existing round, valuing the…
Kaar Technologies, a Business-to-business (B2B) software consultancy firm, raised around $30 million in its recent funding round led by A91 Partners, according to moneycontrol report. Gautam Mago and Kaushik Anand, partners at A91 Partners, will join the Board of KaarTech, the company said on July 3. “This association with A91 will bolster our ability to…
NBFC company IIFL Finance stated that it has raised $175 million through external commercial borrowing (ECB) route in the month of June 2023. The retail focused NBFC has raised $75 million from HSBC, $50 million from Union Bank (Sydney) and $50 million from Bank of Baroda (IFSC unit). The funds were raised at SOFR plus…
Motherson, in collaboration with Marelli, announced the inauguration of Motherson Automotive Lighting Tool Room (MALT), a ground-breaking facility that marks a significant milestone in automotive lighting technology. This is the first-ever tool room in India dedicated to automotive lighting. The plant was inaugurated by Mr. R.C. Bhargava, Chairman of Maruti Suzuki India Ltd., and Mr.…
TerraPay, a global payments infrastructure company, has announced its partnership with Attijariwafa bank, Morocco’s largest banking group by market capitalization, to facilitate real-time and seamless global money transfers directly to bank accounts in Morocco. This partnership will allow Attijariwafa bank to leverage TerraPay’s well-established global partner networks and receive inbound cross-border payments from various sending…
Visa announced it has signed a definitive agreement to acquire Pismo, a cloud-native issuer processing and core banking platform with operations in Latin America, Asia Pacific and Europe, for $1 billion in cash. By acquiring Pismo, Visa will be positioned to provide core banking and issuer processing capabilities across debit, prepaid, credit and commercial cards…
Procter & Gamble India announced that it will invest ₹2000 Crore to set up a new state-of-the-art personal healthcare manufacturing facility in Gujarat. The investment was announced by LV Vaidyanathan, CEO, P&G India, in a meeting with Bhupendra Patel, Hon’ble Chief Minister of Gujarat. The facility builds on top of the P&G India’s existing manufacturing…
Mythical Games, the next-generation gaming studio behind the Mythical Chain, Mythical Marketplace, and popular gaming titles such as NFL Rivals and Blankos Block Party, and the soon-to-be-released Nitro Nation World Tour, has secured $37 million as part of its Series C1. Led by digital asset manager Scytale Digital, with participation from ARK Invest, Animoca Brands, PROOF, Stanford Athletics, MoonPay, as…
CIRCOR International, Inc. (CIRCOR), one of the world’s leading providers of mission critical flow control products and services for the Industrial and Aerospace & Defense markets, announced that it has accepted a proposal from affiliates of investment funds managed by KKR to increase the price of its previously announced definitive merger agreement with CIRCOR from…
Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation, announced that it is furthering its commitment to driving innovation by opening a Research and Development (R&D) Centre of Excellence in India. Based in Bengaluru, the heart of India’s high-tech industry, Vonage’s expanding R&D team will focus on building new features and…
SourceCode, a pioneer of co-designed, custom, certified IT systems for next generation AI infrastructure spanning the cloud, datacenter and edge, announced that it has agreed to acquire UK-EU-based Boston Limited, a leading provider of high-performance server and storage solutions for the significant growth in business around data, media, and AI as well as traditional IT…
Söderberg & Partners has agreed to close a new share issue, raising approximately 200 million EUR (2,3 billion SEK). The new growth investment is being provided by KKR, an existing minority investor since 2019. Following the new share issue, Söderberg & Partners will continue to be controlled by its founders and supported by its two…
Kasmo, a digital IT consulting firm specializing in Salesforce, Data, Analytics & AI, and Digital Engineering, has announced its strategic partnership with Databricks, the data and AI company and a global leader in unified Data Analytics and AI. In line with this collaboration, Kasmo is also setting up a state-of-the-art development center in Hyderabad, showcasing a…
Sneaker reseller Mainstreet Marketplace has closed a $2 million (around Rs 16 crore) seed funding round from a clutch of investors, including Zomato CEO Deepinder Goyal’s First Lap LLP, Zerodha co-founder Nikhil Kamath and Abhijeet Pai’s venture fund Gruhas Proptech, Udaan co-founder Sujeet Kumar, Spotify India MD Amarjit Singh Batra, and several other angel investors…