Sapiens International Corporation, a global provider of software solutions for the insurance industry, has significantly strengthened its presence in DACH countries, as it furthers its strategy to expand business and provide more innovative technology to the region’s insurance market. Sapiens has made significant investment in the region expanding its P&C and Digital products and increasing…
Accenture has completed its acquisition of Flutura, an industrial artificial intelligence (AI) company, headquartered in Bangalore, India. Terms of the transaction, which Accenture announced on March 21, 2023, were not disclosed. Flutura strengthens Accenture’s industrial AI services for clients in the energy, chemicals, metals, mining, and pharmaceutical industries, a statement said.
Natural Capsules Limited announced a strategic investment from Somerset Indus Capital Partners, a healthcare-focused private equity fund. The investment involves the acquisition of a minority stake in Natural BioGenex Private Limited (NBPL), an unlisted subsidiary of Natural Capsules Limited. NBPL is constructing a state-of-the-art Greenfield facility in Tumkur, near Bengaluru. This state-of-the-art plant will manufacture…
Wipro Limited, a leading technology services and consulting company, announced the inauguration of its new office at Sable Park, Century City, in Cape Town, underscoring its commitment to clients in the region. Anis Chenchah, Chief Executive Officer – Asia Pacific, Middle East and Africa (APMEA), Wipro Limited and Member of the Wipro Executive Board said,…
Tummoc, a multi-modal connectivity platform, has raised $1M in a Pre-Series A Round led by Inflection Point Ventures. These funds raised will cover various aspects such as the recruitment and training of personnel, the development of technology and software, the expansion of the system, marketing initiatives, and administrative requirements. In summary, the funds will be utilized to…
Tagworks Pharmaceuticals BV (Tagworks), the pioneer of Click-to-Release chemistry designed to deliver more effective and safer systemic therapies, announced a $65 million Series A financing led by Ysios Capital and Gilde Healthcare with participation from Novartis Venture Fund, New Enterprise Associates (NEA), and Lightstone Ventures. They join existing investors including Meneldor and Oost NL. In conjunction with the…
PayPal Holdings, Inc. and KKR, a global investment firm, announced the signing of an exclusive multi-year agreement for a €3 billion replenishing loan commitment under which private credit funds and accounts managed by KKR will purchase up to €40 billion of buy now, pay later (BNPL) loan receivables originated by PayPal in France, Germany, Italy, Spain, and the United Kingdom.…
Accenture has made a strategic investment through Accenture Ventures in Parfin, a leading provider of responsible, compliant Web3 infrastructure services to financial institutions in Latin America. Founded in 2019, with headquarters in London and Rio de Janeiro, Parfin offers digital asset custody, trading, tokenization and management tools to some of Latin America’s largest financial institutions. Accenture’s investment in…
Rural-fintech startup Navadhan has raised USD 1.5 million in Seed round led by Varanium NexGen, a fintech focussed fund. Existing investor Anicut Capital co-led the round where Gemba Capital also participated. Last year, the startup had raised pre-Seed funding from Anicut, BOPA, Flowstate and other angels like Prasanna Rao (Arya.ag), Sarah Djari (Impact Fintech PE). With…
The Yarn Bazaar, a purpose-led, online B2B managed marketplace, providing a one-stop solution for all yarn-related requirements, including discovery, trading, financing, logistics, advisory, and market intelligence services, thereby creating a favourable and efficient ecosystem for yarn buyers and sellers, has raised INR 150 million in their Pre-Series A Round. The investment was led by the…
Squarespace Inc., the design-driven platform helping entrepreneurs build brands and businesses online, announced it has entered into a definitive asset purchase agreement with Google, whereby Squarespace will acquire the assets associated with the Google Domains business, which will be winding down following a transition period. This purchase includes approximately 10 million domains hosted on Google Domains…
Elective surgery marketplace startup Mykare Health has raised $2.01 million from accelerator programme operators OnDeck ODX, Huddle and others, according to ETtech report. The seed round also drew in renowned investors such as Avaana Seed, Endurance Capital, F Health, VeritasX, Stanford Angels, Phoenix Angels, Snap Asia Pacific president Ajit Mohan, Nazara Technologies joint managing director…
Movate (formerly CSS Corp), a digital technology and customer experience (CX) services provider, announced the opening of a new global delivery center at Alkarawi Plaza Centro Commercial, Barranquilla, Colombia. The center will help strengthen its presence in Colombia and leverage highly skilled local talent with multilingual capabilities to deliver high-tech and high-touch services in digital customer…
Defense startup Mach Industries has raised $5.7 million in a seed round led by Sequoia Capital, the first-ever defense tech investment in the venture capital giant’s history, according to Reuters report. Sequoia’s funding of a technology that aims to use hydrogen creation on the battlefield signals the latest interest from Silicon Valley investors in backing…
Accenture has invested in New York-based Praxis Labs, a software-as-a-service virtual reality (VR) company with an end-to-end immersive learning platform that helps users develop soft skills to drive equity, inclusion, and value in the workplace and beyond. The investment was led by Accenture Ventures as part of its broader Project Spotlight initiative. Funded through Accenture’s Black Founders Development Program, this investment reflects…