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,…
Creator-focused social platform Plutus has secured an undisclosed investment from the Silicon Valley-based venture capital firm, Andreessen Horowitz (a16z) in its seed round, according to ETtech report. This marks a16z’s second investment in India, following its bet on cryptocurrency trading startup Coinswitch Kuber in October 2021. Founded in June 2021 by Karata Dasmahapatra, Shivanshu Tyagi…
Novartis announced it broke ground for the expansion of its biopharmaceutical manufacturing plant in Singapore. The US$256 million investment will facilitate Novartis in deploying digital and automation solutions to enhance manufacturing productivity, improve operational efficiency, and upskill the workforce. The expanded site will focus on manufacturing therapeutic antibody drugs to deliver breakthrough treatments to patients globally, a statement…
Brand analytics platform GobbleCube, cofounded by former executives of quick-commerce firm Blinkit, has secured $1.9 million in a seed funding round led by Kae Capital, according to ETtech report. The round also witnessed participation from US-based consumer fund CRV, and other angel investors. With the capital infusion, the startup aims to strengthen its product engineering…
Rose Merc Ltd (RML) announced that it has signed a subscription agreement to acquire 50% stake in LK Vet Care (P) Ltd. This said acquisition will enable the company to enter into Rural B2C market with presence in ever increasing Animal Husbandry sector related to Artificial Insemination with the market size of ~Rs 600cr, a…
Blitz 21-823 AG (in future: Elbe BidCo AG, BidCo), a holding company controlled by investment funds, vehicles and accounts advised and managed by Kohlberg Kravis Roberts & Co. L.P. and its affiliates (collectively, “KKR”) has signed an Investment Agreement with Encavis AG (Encavis), a leading and proven German renewable energy platform and independent power producer…
Kites Senior Care, a geriatric care service provider has secured Rs 45 crore in a series A funding round, led by Ranjan Pai, chairman of Manipal Education and Medical Group (MEMG) through his family office, according to ETtech report. The funds will be used to deepen its presence in cities like Bengaluru, Hyderabad, Chennai, while…