JustDeliveries, a provider of logistics solutions for perishables, has raised $1 million in a pre-Series A funding round led by Nabventures, according to ETtech report. Other investors including Faad Network, Anay Ventures, Caret Capital and Mahansaria Family Office also participated in the round. Nabventures, a subsidiary of the Indian government’s National Bank for Agriculture and…
Aeria, a tenant experience and asset management platform for commercial real estate, has raised $1.8 million in pre-seed funding led by Kalaari Capital and Foundamental along with AC Ventures, AL Trust among others, according to ETtech report. Founded by former co-founder of OxfordCaps, Priyanka Gera accompanied by IIM alum Piyush Kateja, Aeria uses technology and…
Canva, the world’s only all-in-one visual communication platform, announced the acquisition of Affinity, the award-winning creative software suite for professional photo editing, illustration, graphic design and page layout. The acquisition significantly bolsters Canva’s vision to build the world’s most comprehensive suite of visual communication tools. While the last decade has seen rapid growth for Canva amongst…
SmartBear, a leading provider of software development and visibility solutions, is increasing its investment in India as the market potential for software development solutions in the region continues to expand. SmartBear launched a new DevOps Academy, a best-in-class DevOps training program in Bangalore to prepare entry-level participants with the hands-on skills and confidence to be…
In a strategic move towards bolstering its technological capabilities and expanding its reach in the market, Arapl RaaS has recently secured significant funding of Rs 38 crore from its parent company ARAPL (Affordable Robotic and Automation Limited). This infusion of capital comes as part of a larger rights issue totalling Rs 48 crore, indicating strong…
Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest ports and logistics company, has entered into a definitive agreement to purchase the 56% stake of the SP Group and 39% of Orissa Stevedores Limited (OSL) in Gopalpur Port Limited (GPL). The acquisition is made at an enterprise value of INR 3,080 crore, and the…
Accenture has completed the acquisition of Mindcurv, a cloud-native digital experience and data analytics company specializing in composable software, digital engineering and commerce services for more than 200 clients worldwide. With this acquisition, Accenture Song—the world’s largest tech-powered creative group—will further expand its commerce services for clients globally, a statement said. The acquisition of Mindcurv previously…
Fintech platform Yenmo, which provides instant loans against mutual funds, has raised $500,000 in a seed funding round led by US-based startup accelerator Y Combinator, according to ETtech report. Founded by Aryan Agarwal and Ashutosh Purohit, Yenmo enables its users to borrow against their investments at a flat 10.5% interest rate. Investors can view all…
KKR, a global investment firm, announced the signing of a definitive agreement pursuant to which investment funds and accounts managed by KKR agreed to acquire a majority stake in Avantus, a premier U.S. developer of large utility-scale solar and solar-plus-storage projects. Following the close of the transaction, KKR and existing investor EIG, a leading institutional investor in…
Liquidnitro Games, which provides a variety of services to game publishers, has raised $5.25 million in a seed funding round led by Nexus Venture Partners, according to ETtech report. The firm did not disclose the valuation at which the funding happened. The funds will be used to boost capabilities around art, design, engineering, product and…
Accenture has acquired Flo Group, a leading European consultancy and Oracle business partner specializing in global supply chain logistics. Financial terms of the transaction were not disclosed. This acquisition further enhances Accenture’s Oracle capabilities in Europe to help clients build more resilient and agile supply chains that provide end-to-end visibility, a statement said. Founded in 2007,…
Blitz Electric Mobility (Blitz), a trailblazer in the Asian Pacific electric vehicle (EV) logistics sector, announced the successful closure of its oversubscribed seed extension funding round across Q3 2023 and Q1 2024, securing USD 1.6 million from eminent investors including ADB Ventures, Iterative VC, FiveFortyAlpha, Third Derivative, BonBillo Fund, Bansea, and Satvik Investments, with ADB Ventures leading the round.…
Moove, the global mobility fintech that democratises access to vehicle ownership for mobility entrepreneurs, announced that it has raised $100 million in a Series B funding round, valuing the company at $750m. Uber invested in the round alongside Mubadala, who led Moove’s previous funding round in 2023. The round will enable Moove to expand its…
Carbon emission management platform Sprih has raised $3 million in a funding round led by early-stage venture capital firm Leo Capital, according to ETtech report. The company said that the funds will be used for expanding globally on the sales front, acquiring talent for developing artificial intelligence (AI) models focusing on climate issues and expanding…
Accenture has agreed to acquire Arηs (pronounced Aris) Group, a technology services provider focused on supporting public sector transformation across Europe. The acquisition will further enhance Accenture’s public service offering, drawing on a wide range of innovative solutions to help clients take advantage of a full continuum of technology expertise and accelerate their digital transformation,…