ABB India announced it has inaugurated its new state-of-the-art factory in Nashik, doubling its Gas Insulated Switchgear (GIS) production capacity. This factory will manufacture primary and secondary GIS. It will serve customers across various industries including power distribution, smart cities, data centers, transport (metro, railways), tunnels, ports, highways and other infrastructural developments. Spread over 78,000…
FreshToHome, the world’s largest fully integrated online consumer brand for preservative and antibiotic-residue free fresh fish and meat, has closed $104 million in Series D funding with Amazon Smbhav Venture Fund leading the round. Existing investors in FreshToHome including Iron Pillar, Investcorp, Investment Corporation of Dubai (the principal investment arm of the Government of Dubai), Ascent Capital and others have also participated in…
Bentley Systems, Incorporated, the infrastructure engineering software company, announced it has acquired EasyPower, a developer of design and analysis software tools, including arc flash solutions, for electrical engineering professionals. Since its founding in 1984, Portland, Oregon-based EasyPower has innovatively combined graphics-based modeling and analysis in order to make solving complex electrical engineering problems ever more straightforward and…
DataLink Software, a leading provider of data-driven solutions for high-quality, value-based care, announced its expansion globally with an office in Cyber Gateway, HITEC City, Hyderabad. The India-based office will focus on scaling and growing product innovation to continue delivering best-in-class services to complement the United States-based team, a statement said. DataLink plans to hire more than 100…
KFin Technologies Limited (KFin Technologies), a leading provider of investor and issuer solutions, announced its decision to invest into Fintech Products and Solutions India Private Limited (FPSIPL), a Technology Service Provider (TSP) having a wholly owned subsidiary, FinSec AA Solutions Private Limited, India’s first Account Aggregator, licensed by Reserve Bank of India (RBI). The partnership…
Tempt India, a consumer electronics company, announced that it plans to set up a new benchmark by increasing its presence in 10,000 retail stores by the end of September. With this announcement, Tempt will now be present across India symbolizing the brand’s commitment to its consumers, a statement said. Commenting on the milestone, Gaurav Khetterpal, co-founder…
Wardwizard Foods and Beverages Ltd, one of India’s leading food manufacturers, announced its participation in the upcoming Chennai Food and Beverage Expo 2023. Taking its mission to expand its presence across India one step further, WWFnB is bringing its entire range of high-quality products to the South Indian market. With a successful track record of…
IBS Software, a SaaS solutions provider to the travel industry globally, has announced the completion of a transaction to acquire Accenture Freight and Logistics Software (AFLS). AFLS provides technology platforms to help airline and ocean transportation companies manage their freight operations and grow through digital transformation and innovation. The acquisition will strengthen IBS Software’s leadership as…
Allcargo Logistics Limited announced it has acquired a majority stake in Madanahatti Logistics and Industrial Parks Private Limited. According to the company’s exchange filing, “this is to inform you that Allcargo Logistics Limited (”Company”), has entered into a Securities Purchase Agreement (“SPA”) on February 21, 2023, with BRE Asia Urban Holdings Ltd. (the “Seller”) to…
Fintech startup Mintoak Innovations Pvt. Ltd has raised $20 million (Rs 165 crore) in a Series A funding round, led by PayPal Ventures, according to VCCircle report. The round also saw participation from British International Investment, White Whale Venture Fund and existing investors HDFC Bank and Pravega Ventures. The company plans on utilising the funding…
Preqin, the global leader empowering the alternatives community with essential data and insight, has announced the opening of its 16th office, based in Bangalore, India. The new office will host almost 400 team members, and is a testament to the firm’s commitment to India and its strong local talent, a statement said. Over the past years,…
Quantum Motion, a UK-based quantum computing scale-up founded by Professor John Morton, UCL, and Professor Simon Benjamin, Oxford University, has raised over £42 million in equity funding from some of the world’s leading quantum and technology investors. The oversubscribed round is led by Bosch Ventures (RBVC) and joined by Porsche Automobil Holding SE (Porsche SE) and British Patient Capital. All existing investors from…
CRISIL, an S&P Global Company, has entered into a definitive agreement to acquire Peter Lee Associates Pty. Limited (“Peter Lee”), an Australian research and consulting firm with a mission to help leading financial service corporations build and maintain a competitive advantage in service to their clients. Peter Lee delivers benchmarking insights on market positioning, cross-sell,…
Lumax Auto Technologies Limited announced it has acquired majority stake in IAC International Automotive India Private Limited (IAC India), a wholly owned subsidiary of IAC Mauritius. According to the company’s exchange filing, “This is to intimate you that the Board of Directors of the Company, in its meeting held today i.e. February 18, 2023, has…
Pharma major Sun Pharmaceutical Industries Limited announced the acquisition of minority stake in Agatsa Software Private Limited and Remidio Innovative Solutions Private Limited. According to the company’s exchange filing, “This is to inform you that Sun Pharmaceutical Industries Limited (which includes its subsidiaries and/or associate companies) [“Company”], has entered into agreements to acquire minority stake…