Boomi, the intelligent connectivity and automation leader, announced the opening of a new office in Bengaluru, India. As Boomi welcomes its current local team members to the space, the company also intends to more than double its engineering headcount in India in the next 12 months. The expansion further extends Boomi’s strong presence in the…
Linedata, a global provider of credit and asset management technology, data and services, announced the opening of its new office in Singapore, strengthening its presence in the APAC region following a strong increase in businesses’ needs. Leaning on its large portfolio of clients within the alternative institutional wealth segment, the new Singapore office will enable…
Electric vehicle charging infra platform CHARGE+ZONE announced raising $54 million (Rs 450 crore) in Series A1 funding round led by global impact investment management firm BlueOrchard Finance, according to PTI report. Additionally, the company plans to raise $75-100 million in equity as part of Series A2 during 2023-2024, CHARGE+ZONE said in a statement. The current…
Crompton Greaves Consumer Electricals Ltd. (Crompton) and Butterfly Gandhimathi Appliances Ltd (Butterfly) announced a proposed scheme of amalgamation of Butterfly with Crompton. Upon Merger, the public shareholders of Butterfly as on the record date will receive 22 equity shares of Crompton for every 5 equity shares held by them in Butterfly, as a consideration for…
Contract execution SaaS platform Doqfy has raised Rs 7.5 crore in a Pre Series A round led by Turbostart and Pentathlon VC. Other investors who participated in the round are Lead Angels, SilverNeedle VC, LetsVenture, Angel.co led by Archana Priyadarshini. Funds raised to be used for tech enhancements of the platform and business growth through…
EarthFokus, a company offering Water savings as a service to commercial and residential clients has raised INR 1.52 CR from The Chennai Angels in a recent fundraise. EarthFokus intends to use the funds for geographic scaling, marketing, expansion of product range and introducing newer, more efficient solutions in the water saving space, a statement said.…
Accenture has agreed to acquire industrial artificial intelligence (AI) company Flutura, headquartered in Bangalore, India. Flutura will strengthen Accenture’s industrial AI services to increase the performance of plants, refineries, and supply chains while also enabling clients to accomplish their net zero goals faster. Accenture plans to bring Flutura’s capabilities to clients in the energy, chemicals, metals,…
Uno Minda Limited (“Uno Minda”) (formerly known as Minda Industries Limited), a Tier-1 supplier of proprietary automotive solutions and systems to original equipment manufacturers (“OEMs”) has announced that its Board has approved acquisition of 81.69 % stake in Kosei Minda Aluminum Company Private Limited (“KMA”) and 49.90% stake in Kosei Minda Mould Private Limited (“KMM”)…
Salesforce, the global leader in CRM, announced the expansion of the Centre of Excellence (CoE) in Hyderabad, significantly strengthening the company’s presence in India. Salesforce has been investing in India over the last decade. The Hyderabad CoE opened in 2016, firmly establishing India as a leading talent and global innovation hub for the company. Today, Salesforce…
Oppenheimer & Co. Inc. (Oppenheimer) — a leading investment bank, wealth manager and a subsidiary of Oppenheimer Holdings —announced the completion of a Series C funding round for Perspectum, a United Kingdom-based medical imaging and diagnostic technology provider. Oppenheimer led the $55 million round, investing $27 million through its Private Market Opportunities (PMO) initiative, an ongoing partnership between the firm’s…
Dr. Reddy’s Laboratories Ltd. announced the signing of a deal to divest certain non-core brands of the company in the dermatology segments to Eris Lifesciences Limited. Under the agreement, Eris Lifesciences will be assigned the trademark of these brands by Dr. Reddy’s for a consideration of Rs. 275 cr. As per IQVIA MAT December 2022,…
VFS Global received the Golden Peacock National Training Award 2023 in recognition of the organisation’s exemplary learning and development practices for the second consecutive year. The world’s largest specialist in outsourcing and technology services for governments and diplomatic missions had also won the award in 2017, 2020 and 2022. Established by the Board of Directors…
Sai Life Sciences, a leading global Contract Research, Development & Manufacturing Organization (CRO-CDMO), announced the setting up of a GMP Kilo Lab at its facility in Alderley Park, Manchester, UK. The new GMP Kilo Lab will enable Sai Life Sciences to offer drug substance and intermediates supplies ranging from gram to kilogram quantities to meet customer clinical…
OKX Ventures, the investment arm of OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, announced its strategic investment in Scroll, a fully open-source, Ethereum equivalent EVM-based Rollup that enables native compatibility for existing Ethereum applications and tools. The investment is in line with OKX Ventures’ vision to support projects that enhance…
Intelligent fluids, an award-winning German DeepTech scaleup, has announced a €10mn Series B financing round. The round was led by WAVE Equity Partners, a US-based sustainability fund, with participation from existing institutional investors, High-Tech Gründerfonds (HTGF) and IBG Sachsen-Anhalt. On the fundraise, Christian Römlein, CEO of intelligent fluids, said, “The funding by WAVE Equity Partners demonstrates…