Snouters, a pet care services marketplace startup, has announced that it has successfully raised an angel funding round. The startup, founded by Vinod and Srikant (ex-Uber, ex-Cisco), has received investment from a group of seasoned angel investors (senior executives from Google and Meta) who are excited about the potential of the company. The funding round…
Emerson, a global technology and software company, and NI announced that they have entered into a definitive agreement under which Emerson will acquire NI for $60 per share in cash at an equity value of $8.2 billion. Emerson already owns approximately 2.3 million shares of NI, representing approximately 2% of shares outstanding, which were acquired at a weighted…
Triton International Limited (Triton) and Brookfield Infrastructure Partners L.P. (“BIP”), through its subsidiary Brookfield Infrastructure Corporation (“BIPC”) and its institutional partners (collectively, “Brookfield Infrastructure”), jointly announce a definitive agreement for Triton to be acquired in a cash and stock transaction valuing the Company’s common equity at approximately $4.7 billion and reflecting a total enterprise value of approximately $13.3…
Digital payments major PhonePe has received another fresh infusion of $100 million from existing backer General Atlantic and its affiliate funds as part of its $1 billion primary funding, according to ET report. The new tranche has been raised at a $12 billion pre-money valuation, just as in the previous tranches. With this, the digital…
Godrej Consumer Products Limited (GCPL) announced that it will be investing INR 100 Crore in Early Spring, a new INR 300 Crore early-stage consumer fund being set up by Spring Marketing Capital (Spring). GCPL will anchor the fund in addition to offering its expertise and experience to help founders build strong, sustainable companies, a statement said. Spring is creating a…
SimpliContract, a leading player in the Contract Lifecycle Management (CLM) market with its AI-powered SaaS platform, has successfully closed a pre-series A funding round with $3.5 million raised. The investment was led by Emergent Ventures, with participation from Kalaari Capital, Picus Capital, Foster Ventures, Leslie Ventures, and Sentinel Ventures. The funds will primarily be used…
Global investment firm KKR announced an agreement to make a growth investment in leading strategic advisory and communications firm, FGS Global. Under the terms of the agreement, WPP plc (“WPP”) will remain the Company’s majority owner and FGS employees will remain substantial shareholders. FGS also plans to expand its employee ownership to include nearly half…
Luxury skincare and personal care brand RAS announced that it has raised $1.5 million from New York-based sustainability-focused venture capital firm Green Frontier Capital and other existing investors, according to ETtech report. Founded by Sangeeta Jain and her two daughters Shubhika Jain and Suramya Jain, the luxury direct-to-consumer (D2C) skincare and beauty brand claims to…
Cyril Amarchand Mangaldas acted as legal counsel for Adani Ports And Special Economic Zone Limited (APSEZ), in relation to the acquisition of Karaikal Ports Private Limited (KPPL), a company undergoing corporate insolvency resolution process under the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC), for an aggregate purchase consideration of INR 1485 crore (Transaction). KPPL has…
Neogen Chemicals Limited (Neogen), one of India’s leading manufacturers of Bromine-based, and Lithium-based specialty chemicals, has signed an agreement with MU Ionic Solutions Corporation, Japan. MU Ionic Solutions (MUIS) is a JV between Mitsubishi Chemical Corporation (MCC) and UBE Corporation and is a group company of The Mitsubishi Chemical Group (the group) a Japanese conglomerate.…
Sona BLW Precision Forgings Ltd. (Sona Comstar), one of the leading global providers of automotive technology solutions, inaugurated its second-largest manufacturing plant in Chakan, Pune. The new plant manufactures driveline products for EV and non-EV applications and serves customers in India and globally. Spread across 10 acres in Chakan, India’s automobile and manufacturing hub, the…
Bitget, a top crypto derivatives and copy trading platform, launched its Bitget Web3 Fund during the Hong Kong Blockchain Week, with an initial investment of $100 million. The fund will focus on investing in Web3-friendly venture capital and outstanding Web3 projects, with the goal of supporting the development of the next generation of crypto projects. The Bitget exchange is adhering…
Fairfax-backed, leading Mumbai-based non-banking financial company (NBFC), IIFL Finance (IIFL), has secured $100 million in long-term funding, jointly, from Export Development Canada (EDC) and Deutsche Bank. The NBFC secured $ 50 million from EDC and $50 million from Deutsche Bank, respectively. The deal was structured under the aegis of Deutsche Bank as mandated lead arranger,…
KFin Technologies Limited (KFintech), a provider of global investor and issuer solutions, today announced its decision to invest and acquire 100% equity stake into WebileApps (India) Private Limited (“WebileApps”), a Hyderabad-based enterprise product development and design company specialising in artificial intelligence, machine learning, mobility solutions, UI / UX, and other products development for banking and…
Zero Cow Factory, a biotechnology company producing India’s first animal-free protein and dairy products using bioengineering microbes and precision fermentation, announced that it has raised $4 million (INR 32 crore) in a seed round. The round was co-led by Green Frontier Capital, GVFL and pi Ventures, with participation from Pascual Innoventures, the investment arm of a leading Spanish dairy group Calidad Pascual. With…