Lending Infratech and asset collateralization API Fintech Company Finsire’ announced that it has raised $1.3M in seed funding from Strategic Investors. The round saw participation from iSeed, Spark Capital, Devx, 1947 Rise, Adept ventures, Portal Angel Investors, Purple Matters, DeVC India, Lets Ventures, Shashank Kumar and Harshil Mathur, Co-Founders of Razorpay and Mars Shot Ventures,…
Univar Solutions Inc., a global specialty chemical and ingredient distributor, and Apollo announced that funds managed by affiliates of Apollo (the “Apollo Funds”) have entered into a definitive merger agreement to acquire the Company in an all-cash transaction that values the Company at an enterprise value of approximately $8.1 billion. The transaction includes a minority investment from…
Choice International, a leading business conglomerate through its subsidiaries herein referred to as “ Choice Group” has announced its expansion plans in the state of Madhya Pradesh (MP). The group aims to set up offices in every district of the state within the next 2 years, thereby strengthening its presence in the region. Choice International…
SolarWinds, a provider of simple, powerful, secure observability and IT management software, announced the launch of its first IT service management (ITSM) data center in Australia for SolarWinds Service Desk customers. The Sydney-based data center will help improve performance and speed while allowing SolarWinds customers to demonstrate compliance with data sovereignty requirements, a statement said. The new ITSM…
Tube Investments of India Limited announced that it has recently entered into clean mobility, electronics and alternate fuels. “In line with our strategy, the Company has identified contract development and manufacturing organization (CDMO) and active pharmaceutical ingredients (API) as its new line of businesses with the potential to grow and expand,” according to the statement.…
Direct-to-consumer Ayurveda brand The Ayurveda Co has raised Rs 100 crore in Series A funding round for expanding offline presence, improving product manufacturing, expanding research and development and accelerating digital awareness around the company, according to ET Bureau report. The funding round was led by venture capital fund Sixth Sense Ventures. The round also saw…
SAP SE announced it has agreed to sell all of its 423 million shares of Qualtrics International Inc. as part of the acquisition of Qualtrics by funds affiliated with Silver Lake (collectively, “Silver Lake”) as well as Canada Pension Plan Investment Board (CPP Investments). At a purchase price of US$18.15 in cash per share, the transaction corresponds to a…
QuantoAgro has announced raising funds through angel/HNI round co-led by SANangels Network with participation from HNIs from UAE and the USA and opened the round for institutional investors. ReHive.Org was the advisor to this round. With circular economy initiatives that generate additional revenue streams and reduce operating costs, QuantoAgro aims to create a sustainable and economically resilient…
Zuora, Inc., a leading monetization platform provider for recurring revenue businesses, announced the opening of a new office in the Brigade World Trade Centre, Chennai, to support its largest employee population outside of the U.S. The office was inaugurated on 7th March by Zuora Founder and Chief Executive Officer Tien Tzuo, and is a hub…
GrayQuest raised $7 million (Rs 56 crore) in a Series A funding round led by Pravega Ventures, according to VCCircle report. The round also saw participation from the Weizmann Group, Telama Family Office and Apurva Parekh (Pidilite Family Office). Existing investors such as the family offices of Ashok Wadhwa (Ambit Capital) and Yogesh Mahansaria also invested…
SK Networks announced on the 9th of March that the company has made an investment of 22 million dollars directly and indirectly through SK networks’ U.S. investment arm Hico Capital, securing 2.6% of ownership in total. 100 million dollars were raised for this round in order to bring Humane’s product to the market and further develop technology. The investment decision…
Shiseido Asia Pacific Pte. Ltd., signed a strategic distribution partnership agreement with Global SS Beauty Brands Limited, a subsidiary of India’s leading premium fashion and beauty destination, Shoppers Stop, to expand its brand footprint in India. Through the partnership, Shiseido Group will officially launch its global make-up brand, NARS Cosmetics (“NARS,” headquartered in New York),…
Airspan Networks Holdings (Airspan) and Radisys Corporation (Radisys), a wholly owned subsidiary of Jio Platforms Limited (Jio), announced the sale of Mimosa Networks, Inc. (Mimosa) to Radisys for US$ 60 million on a debt free, cash free basis. Airspan acquired Mimosa in 2018 to target cost effective fixed wireless access network connections. Mimosa has a…
Pernod Ricard India (PRI), global leader in the wine and spirit industry, unveiled its first-ever innovation center in Nashik, India. In line with the company’s strategy to accelerate transformational innovation and strengthen its portfolio offerings, the innovation center will enable cutting-edge research and incubation for dynamic trend-setting product, pack, and process innovations, according to the…
Birlasoft Ltd., part of the USD 2.8 billion diversified C.K. Birla Group, announced the opening of a new Delivery Centre in Coimbatore to enable enterprises scale up their delivery and optimize cost. The new facility will focus on Birlasoft’s delivery capabilities in cloud space, digital and testing requirements, a statement said. Being one of its…