Creator-focused social platform Plutus has secured an undisclosed investment from the Silicon Valley-based venture capital firm, Andreessen Horowitz (a16z) in its seed round, according to ETtech report. This marks a16z’s second investment in India, following its bet on cryptocurrency trading startup Coinswitch Kuber in October 2021. Founded in June 2021 by Karata Dasmahapatra, Shivanshu Tyagi…
Novartis announced it broke ground for the expansion of its biopharmaceutical manufacturing plant in Singapore. The US$256 million investment will facilitate Novartis in deploying digital and automation solutions to enhance manufacturing productivity, improve operational efficiency, and upskill the workforce. The expanded site will focus on manufacturing therapeutic antibody drugs to deliver breakthrough treatments to patients globally, a statement…
Brand analytics platform GobbleCube, cofounded by former executives of quick-commerce firm Blinkit, has secured $1.9 million in a seed funding round led by Kae Capital, according to ETtech report. The round also witnessed participation from US-based consumer fund CRV, and other angel investors. With the capital infusion, the startup aims to strengthen its product engineering…
Rose Merc Ltd (RML) announced that it has signed a subscription agreement to acquire 50% stake in LK Vet Care (P) Ltd. This said acquisition will enable the company to enter into Rural B2C market with presence in ever increasing Animal Husbandry sector related to Artificial Insemination with the market size of ~Rs 600cr, a…
Blitz 21-823 AG (in future: Elbe BidCo AG, BidCo), a holding company controlled by investment funds, vehicles and accounts advised and managed by Kohlberg Kravis Roberts & Co. L.P. and its affiliates (collectively, “KKR”) has signed an Investment Agreement with Encavis AG (Encavis), a leading and proven German renewable energy platform and independent power producer…
Kites Senior Care, a geriatric care service provider has secured Rs 45 crore in a series A funding round, led by Ranjan Pai, chairman of Manipal Education and Medical Group (MEMG) through his family office, according to ETtech report. The funds will be used to deepen its presence in cities like Bengaluru, Hyderabad, Chennai, while…
Inflection Point Ventures has announced an investment of INR 2 Crores in Pumpumpum- a Fintech mobility startup. The funds will be allocated for growth in operations, geographical reach, technological advancements, marketing endeavors and overall organizational development for greater visibility, and sustained success of the enterprise, a statement said. Founded in 2018 by Tarun lawadia, Founder…
HarbourView Equity Partners (HarbourView), an industry-leading alternative asset management company focused on investment opportunities in the sports, media and entertainment space, has secured approximately $500 million in debt financing through a private securitization backed by its diversified catalog of music royalties. Insurance vehicles and accounts managed by KKR, a leading global investment firm, led the…
Lifestyle hospitality brand Quorum Club has secured an undisclosed amount in a pre-series A funding round led by Gruhas, an investment firm cofounded by Zerodha cofounder Nikhil Kamath and construction equipment manufacturer Puzzolana group president Abhijeet Pai, according to ETtech report. The funding round also witnessed participation from other shareholders including Alok Oberoi, Gurmeet Nihal…
Business-to-business SaaS fintech startup Perfios said it has raised $80 million from Teachers’ Venture Growth (TVG), the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan, according to ETtech report. Perfios plans to utilise the funds to explore inorganic growth opportunities and international expansion and strengthen its global footprint. The startup will invest…
ProductLife Group (PLG), the global consulting provider of regulatory, scientific, surveillance, quality and digital transformation services for the life sciences industries, announced the acquisition of Integrity, a leading UK-based life sciences consultancy organization specializing in IT quality, digital project and program management, computerized systems transformation and validation. This strategic acquisition comes as part of PLG’s…
LG Electronics (LG) is making a strategic investment move to expedite the advancement of its capabilities in service robotics, a key new business area of the company. LG has executed a stock purchase agreement to acquire a stake in Bear Robotics, a prominent Silicon Valley-based startup specializing in AI-driven autonomous service robots, through an investment…
mdf commerce inc. (mdf commerce), a SaaS leader in digital commerce technologies, announced it has entered into an arrangement agreement to be acquired by funds managed by KKR, a leading global investment firm, in an all-cash transaction. Upon completion of the Transaction, mdf commerce will become a privately held company, a statement said. The Company’s…
Direct-to-consumer (D2C) skincare firm Foxtale Consumer has raised about $14 million (Rs 120 crore) in fresh equity funding led by Singapore-based Panthera Growth Partners, according to ETtech report. The round also saw participation from the company’s existing backers Matrix Partners India and Kae Capital. Launched in 2021 by Romita Mazumdar, a former executive at Mumbai-based…
Colt Data Centre Services (Colt DCS), a global provider of hyperscale and large enterprise data centre solutions, has announced the expansion of its presence to Southern India with the acquisition of a new 10-acre plot in Chennai. It plans to deliver a hyperscale data centre in the fast-growing digital hub of Ambattur, Chennai by 2027. The new site builds on…