Enko, the crop health company, announced that it has raised additional funding from Eight Roads Ventures (a global proprietary investment firm backed by Fidelity), Nufarm, Endeavor8, and Akroyd LLC. This raise, which follows Enko’s initial close of $70 million in July 2022, brings the company’s overall capital raised to date to $150 million. Enko will use the new funds to advance the company’s…
Acuity Knowledge Partners (Acuity), a provider of high-value research, analytics, and business intelligence to the financial services sector, announced the opening of its third delivery centre in India. The new centre will provide financial and technology professionals an opportunity to work with leading investment banks, private equity and venture capital firms, asset managers, hedge funds, consultants,…
CapGrid, a B2B cloud manufacturing startup for precision parts and components, has raised $7 million in a Series A funding round led by Nexus Venture Partners, according to ETtech report. Existing investors Anicut Capital and Axilor Ventures, which was founded by Infosys co-founders Kris Gopalakrishnan and SD Shibulal, also participated in the current funding round.…
Datamatics, a global Digital Technologies, Operations, and Experience Management Company, inaugurated their new omni-channel customer support centre at Pasig City, Manila, Philippines. The facility was inaugurated by the Indian Ambassador to the Philippines – H. E. Mr. Shambhu Kumaran. The inauguration event was also graced by the presence of industry leaders including Mr. Mitch Locsin,…
The TechWish Group, a global corporation with presence in diversified industries, has announced its expansion plans in India by setting up a state-of-the-art facility in Hyderabad. This is a significant milestone, which is in-line with the TechWish Group’s expansion plans of its group companies – Antra, TechWish, Hogar Controls and Super Surfaces, a statement said. The new…
TI Clean Mobility Private Limited (TICMPL), a wholly owned subsidiary of Tube lnvestments of lndia Limited (TII), is pursuing its vision in the clean mobility, particularly in the electric vehicles industry. TICMPL, in line with its growth plan in the electric vehicle industry, has executed today a Share Purchase Agreement with the founders of Cellestial…
Boston Metal, a company developing technology to fully decarbonize steel production, announced the $120 million first close of Series C fundraising led by multinational steel company, ArcelorMittal S.A. Microsoft’s Climate Innovation Fund and SiteGround Capital also joined as new investors in this round, alongside current investors. ArcelorMittal’s lead investment was made through its XCarb Innovation…
Samvardhana Motherson International Private Limited (formerly Motherson Sumi Systems Limited) announced it has acquired 51% stake in Saddles International Automotive and Aviation Interiors Private Limited (SIAAIPL). SIAAIPL is engaged in manufacturing of premium upholstery for passenger vehicles applications. According to the company’s exchange filing, “The Board of Directors of Samvardhana Motherson International Limited (formerly Motherson…
Rigi, an online content broadcasting and mentoring platform provider, has raised $12.3 million in a funding round led by Elevation Capital, according to ETtech report. Accel India, Stellaris Venture Partners and Sequoia Capital has also participated in the latest funding round. Rigi has also added new angel investors to its cap table. These include India’s…
Accenture has made a strategic investment, through Accenture Ventures, in Forma Vision, a provider of live-streamed, volumetric video technology that enables 3D holographic images of people, objects and environments to be beamed into the metaverse from any office, home or other location. Until now, the metaverse opportunity has been constrained to enterprise use cases appropriate for avatar-to-avatar…
Upekkha, a B2B SaaS-specific accelerator which also provides option-friendly pre-seed capital, announced it has invested in 41 startups to date. Currently, UP Funds invests $100K in every Upekkha startup. In 2021, Upekkha invested in 11 Value SaaS startups, and in 2022 the number went up to 30. Upekkha’s intention is to fund 60 businesses in…
EaseMyTrip.com, an online travel tech platform, announced that it has acquired a 55% majority stake in cheQin through the primary route. cheQin is a unique real-time marketplace which allows travellers bargain with hoteliers without any effort. The unique bargaining algorithm of cheQin brings in top 5 lowest offers by the hoteliers. The company encourages the…
Sun Pharmaceutical Industries Limited (together with its subsidiaries and/or its associated companies, Sun Pharma) and Concert Pharmaceuticals, Inc. (Concert) announced that they have entered into a definitive agreement pursuant to which Sun Pharma will acquire all of the outstanding shares of Concert by way of a tender offer for an initial cash payment of 8.00…
Accenture has made a strategic investment in Cosmo Tech, a global provider of digital twin simulation and optimization technology. The agreement, through Accenture Ventures, took place during the first phase of the company´s Series C fundraising. Cosmo Tech’s 360˚ Simulation Digital Twin platform allows organizations to explore and test business changes in order to see the potential immediate…
Deeptech startup Myelin Foundry has raised $3 million in an early stage funding round led by Visteon Corporation, a Detroit-based automotive supplier, according to ETtech report. Returning investors Endiya Partners, Beyond Next Ventures, and Pratithi Investment Trust also invested in the round. Pratithi Investment Trust is Infosys co-founder Kris Gopalakrishnan’s family office, a statement said.…