CSC, a provider of business, legal, tax, and digital brand services, announced the acquisition of Eddystone Financial Services, a provider of corporate loan agency services. The acquisition will continue to expand the company’s corporate trust and agency solutions to the Australian and New Zealand markets, a statement said. Eddystone Financial Services provides facility agent, security…
Persistent Systems, a global Digital Engineering leader, announced the launch of its newly established Private Equity (PE) Value Creation Hub in Plano, Texas. The center will expand the Company’s onshore footprint and strengthen its presence in the rapidly evolving PE market by providing expertise across the full asset lifecycle for global PE firms and their…
A consortium led by Bharat Heavy Electricals Limited (BHEL) and Titagarh Rail Systems Limited (TRSL) signed a contract for manufacturing and supply of 80 fully assembled Vande Bharat sleeper train sets by 2029 and their maintenance for 35 years. This is the first time Indian Railways has awarded a contract of this value to an…
HomeLane, a provider of personalized home interior solutions recently announced the successful completion of a bridge round, raising INR 75CR from its current investors. The funding will help accelerate HomeLane’s growth trajectory and support its expansion plans, a statement said. The bridge round reiterates the confidence of HomeLane’s investors in the company’s vision and also…
Premium EV Motorcycle Startup, Raptee has opened their first factory for manufacturing EV motorcycles to be rolled out later this year. The factory, which is opened in Chennai, is spread across 3 acres and will house a majority of Raptee’s Research and Development team in the same campus. Raptee plans to invest Rs 85 crore…
IIT-Madras-incubated Revoh Innovations, an EV sub-components manufacturing company, announced that it has successfully raised $425K in seed round from Nexzu Technologies and Whiteboard Capital. With the new round of funds, Revoh plans to expand the team size and focus on developing specific products that cater to the current needs of the Indian electric vehicle market.…
Urvann, a gardening-focused hyperlocal marketplace, has raised an undisclosed amount in a Pre-Series Round A led by Inflection Point Ventures. The funds will be utilized to enhance the technology and facilitate expansion into different regions across the country, a statement said. Founded by IIM-Ahmedabad and ISB alums, a husband-wife duo who quit their consulting careers…
Cloudbankin, a complete end-to-end digital lending software company headquartered in Chennai, Tamil Nadu, announced it has successfully raised $400K in funding from Angel investors, Upekkha, SaaS accelerator and fund, and Kube VC – a global venture capital firm. Prominent Fintech angel investors including Ramanathan RV, CEO at Hyperface, Mohan Karuppiah, CEO at IppoPay and Magendra Negi,…
Ride-hailing company Uber has led a $20 million funding round in Mumbai-based fleet operator Everest Fleet, according to ET report. The funding is Uber’s first inorganic investment in India, and comes in the backdrop of the US-based urban mobility company’s expansion into electric vehicle (EV) services for which it has partnered with several fleet operators…
Nabard’s venture investment arm announced a Rs 10 crore investment in Satyukt Analytics, a satellite agri-analytics startup, according to PTI report. Satyukt deploys satellite technology and machine learning to provide software as a service-based advisory services to farmers, as per an official statement. The National Bank for Agriculture and Rural Development (Nabard)-backed Nabventures’ investment, started…
PayMate India Limited (PayMate), a leading digital business-to-business (B2B) payments and services provider announced that the Company multiplied its footprint across more regions in Central Europe, the Middle East, Africa (CEMEA), and the Asia Pacific (APAC); in addition to India and the UAE. The move comes six months after the Company announced its foray into…
Micro, small and medium enterprise (MSME)-focused lending platform Indifi Technologies said that it has raised Rs 290 crore (or roughly $35 million) as part of its latest round of funding, according to ETtech report. The round was led by funds managed by ICICI Venture, along with participation from existing investors, including British International Investment, OP…
Tesserent Limited and Thales announced that they have entered into a binding Scheme Implementation Deed (SID) under which it was proposed that Thales will acquire 100% of the shares in Tesserent by way of a Scheme of Arrangement for A$0.13 per ordinary share in cash valuing Tesserent’s equity at A$176m (circa €107 million). The combination…
ZapScale, a Customer Success Platform designed for B2B SaaS companies, announced that it has successfully raised $2.5 million in seed funding from leading venture capital firms, including Blume Ventures, Veda VC, Java Capital, 100xEntreprenuers, T2D3 Capital, Arka Venture Labs, and other prominent investors. “We are immensely grateful for the trust and confidence shown by our investors,” said Manasij…
Inox Wind, India’s leading wind energy solutions provider, announced that as part of the strategic decision the Board of Directors of Inox Wind Limited at its meeting held on 12th June, 2023 considered and approved the Scheme of Arrangement which provides for amalgamation of Inox Wind Energy Limited (IWEL) into Inox Wind Limited (IWL) subject…