Aksum, a B2B SCaaS platform has raised 1 Million USD in a mix of equity & debt in its Pre-Series A round led by Inflection Point Ventures. The funds will be used to enhance and reinforce the technology framework of the company and also expand its reach to new geographic locations, a statement said. Vikram…
NRIHelpLine.com, a startup focused on providing solutions for the Non-Resident Indian community, has successfully raised its seed funding round. The funding was led by A Subba Rao of Dabur International, Arjun Nijhawan of Travel Boutique Online, Rahul Narvekar of India Network, Navneet Singh of NRI Legal Services, and Bharat Bhushan Bhatia of Hines Group. With this funding, NRIHelpLine.com intends to become…
Zinnia, a life and annuity insurance technology and digital services company, announced it is acquiring Policygenius, a digital insurance marketplace. The acquisition lays the foundation for the industry’s first front-to-back architecture to power the entire insurance value chain and better serve carriers, advisors, and policyholders, a statement said. The transaction expands Zinnia’s reach into digital…
Globant, a digitally native technology services company, announced that it has acquired ExperienceIT, a U.S.-based digital transformation consultancy with a diverse array of services and deep expertise in healthcare, to expand its services in North America. ExperienceIT offers its clients design, delivery, advisory, and agile training services in connection with end-to-end digital transformation projects related to customer…
Lokal, India’s hyperlocal content, community, and classified platform, announced it has raised INR 120 Cr in Series B funding from new investors Global Brain and Sony Innovation Fund, with participation from India Quotient and other existing investors. The company will use the fresh funds to grow in existing markets, launch new categories and product capabilities, further…
Ipca Laboratories Limited (Ipca) announced that the company has entered into a definitive Share Purchase Agreement (SPA) for acquisition of 2,35,01,440 fully paid-up equity shares of Rs. 2/- each, constituting 33.38% of the paid up equity share capital of M/s. Unichem Laboratories Ltd. (Unichem), from one of its promoter shareholder at a price @ Rs.…
Ami Organics Limited, a global manufacturer of advance pharmaceutical intermediates and speciality chemicals, announced that board has approved acquisition of 55% partnership interest in Baba Fine Chemicals, a fine speciality chemicals company focused on custom synthesis and manufacturing of intermediates. This acquisition heralds AMI Organics’ foray into the high entry barrier semiconductor industry. The acquisition…
Trentar, a leading Full Stack UAV and Aerial Solutions group, on the 20th of April announced the merger of its two UAV manufacturing units viz TM Aerospace Pvt. Ltd and RFLY Innovations Pvt. Ltd. Announcing the merger, Lt Gen Sarath Chand (Retd.), CEO of Trentar’s manufacturing division, said that the merger would enable both entities to…
Certn, a leader in online background checks and identity verification, announced it secured an additional US$30M in Series B financing with over US$29.5M coming from Export Development Canada (EDC). To date, Certn has raised over US$114M in venture funding with US$80M coming via the latest Series B round. This additional funding helps Certn, who acquired Australia’s InterCheck…
Shipsy, a leading SaaS-based global smart logistics management platform provider, recently announced it clocked around 100% growth in the top line and has established another regional headquarter in Riyadh to aggressively onboard local talent. Shipsy’s first regional HQ in the Middle East was established in Dubai in 2021. It also highlighted that in the Middle East, the company is expected to clock…
Sai Life Sciences, one of India’s fastest growing global Contract Research, Development & Manufacturing Organisations (CRO-CDMO), announced the opening of Sai Schrödinger Research Laboratories (SSRL) at its R&D campus in Hyderabad, India. The facility was inaugurated by Dr. Karen Akinsanya, President of R&D, Therapeutics at Schrödinger Inc., in the presence of members of the leadership team of Schrödinger and Sai Life Sciences.…
Verlinvest, an international, family-backed evergreen investment company, announced its entry into India’s healthcare sector, with the acquisition of a controlling stake in Ferty9 Fertility Center, a premier chain of fertility clinics in the AP/Telangana region that was founded by Dr. C. Jyothi Budi and her partners in 2013. This investment will enable Ferty9 to expand…
CBC Group (CBC), Asia’s largest healthcare-dedicated investment firm headquartered in Singapore, and Hasten Biopharmaceutic Company Limited (Hasten), jointly announced the completion of a US$315 million fundraising round for Hasten. Hasten is an innovation-driven pharmaceutical company backed by CBC, Hefei Industry Investment Group, and Feidong County of Hefei City. The fundraising round was co-led by CBC and Abu Dhabi sovereign wealth fund, Mubadala Investment Company,…
JLR announced exciting plans to accelerate its transition to become the world’s leading modern luxury car manufacturer revealing its Halewood plant, in the UK, will become an all-electric production facility and its next generation medium-size SUV architecture, electrified modular architecture (EMA), will now be pure-electric. In an update to global media at JLR’s centre in…
Epicor, a global leader of industry-specific enterprise software to promote business growth, today shared plans to launch a new regional data centre for India, supported by surging customer cloud adoption. The new data centre for customers in India builds on the company’s strong growth trajectory across international markets, including the recent announcement of a new data centre in…