Synthetic biology startup D-Nome raised $1.5 million in seed funding from Ankur Capital, Campus Fund, and other investors, according to ETtech report. D-Nome intends to democratise molecular diagnostics with their deviceless PCR tech, a statement said. “Started in July 2021 by scientists Divya Sriram and Sujoy Deb – from Telangana-based Atal Incubation Centre-The Centre of…
ViewRay, Inc., a company that designs, manufactures, and markets the MRIdian MRI-Guided Radiation Therapy System, announced that it has reached an agreement with Hudson Executive Capital LP (HEC) to appoint Sai Nanduri, Senior Investment Analyst and representative of HEC, as an observer of the ViewRay Board of Directors (the “Board”), effective as of January 20, 2023.…
Cepton, Inc. (Cepton), a Silicon Valley innovator and leader in high performance lidar solutions, announced the completion of its previously announced $100 million investment from its long-term automotive Tier 1 partner and current shareholder, Koito Manufacturing Co., Ltd. (Koito) on January 19, 2023. The Investment, in the form of convertible preferred stock, was approved at a…
LG Chem, Ltd., a global chemical company, announced that it has completed its previously announced acquisition of AVEO Oncology (AVEO), a commercial stage, oncology-focused biopharmaceutical company committed to delivering medicines that provide a better life for patients with cancer, in an all-cash transaction with an implied equity value of $571M on a fully diluted basis.…
ABB, a technology leader in electrification and automation, has reached an agreement to sell its Power Conversion division to AcBel Polytech Inc. for $505 million in cash. The transaction is subject to regulatory approvals and is expected to be completed in the second half of 2023. Upon closing, ABB expects to record a small non-operational book…
Gullak, a Y Combinator-backed saving and investment app, announced that it has raised $3 million in funding as part of its seed round from new investors YC and Rebel partners and existing investor Better capital, according to moneycontrol report. Other investors that took part in the current funding round include Good water capital, GMO fintech…
Intelliswift Software, a digital transformation and talent solutions provider, announced that it has acquired Global Infotech (GIT), a consulting firm specializing in Salesforce development, business/product orchestration, enterprise IT integration, and testing. The acquisition reaffirms Intelliswift’s commitment to providing digital excellence through in-house CoEs (Centers of Excellence) for key technologies to fast-growing businesses and enterprises, a statement said.…
Pratt & Whitney, a Raytheon Technologies business, officially opened the doors to its new India Engineering Center (IEC) in Bengaluru. The facility is co-located with Pratt & Whitney’s India Capabilities Center (ICC), which opened in 2022 to provide integrated global supply chain support, and the recently inaugurated Collins Aerospace engineering and global operations centers. The IEC, which was…
Digital payments major PhonePe said it has raised $350 million in funding from global private equity firm General Atlantic at a pre-money valuation of $12 billion, according to ETtech report. The investment marks the first tranche of an up to $1 billion total fundraise that commenced in January 2023, the company said in a statement.…
TA Associates (TA), a global growth private equity firm, announced that it has completed a strategic growth investment in Synokem Pharmaceuticals Ltd. (Synokem). Synokem’s founders will continue as shareholders in the Company alongside TA, a statement said. Founded in 1983 by J.M. Arora, Synokem Pharmaceuticals Ltd. is one of India’s leading contract development and manufacturing…
KKR, a global investment firm, announced the closing of KKR’s previously announced investment in Clinisupplies, a market leader in continence care products in the UK, from Healthium. In addition to Claus Bjerre, KKR Senior Advisor and former Chief Executive Officer of Atos Medical AB and former President, North America, of Coloplast, who will serve as Chairman of Clinisupplies’ Board of Directors,…
Specialty coffee startup, Blue Tokai Coffee Roasters, has raised a $30 million funding in a Series B round led by A91 Partners and also saw participation from existing investors such as Grand Anicut Fund and 8i Ventures. The company will use the funds to scale the business and expand its global presence in specialty coffee…
S&P Global announced that it has entered into an agreement to sell its Engineering Solutions business to investment funds managed by KKR, a global investment firm and a longstanding customer of S&P Global, for $975 million in cash, subject to customary purchase price adjustments. S&P Global currently anticipates the divestiture to result in after-tax proceeds of approximately $750…
Deeptech startup Chara Technologies has raised $4.75 million in a funding round led by Exfinity Venture Partners, according to ETtech report. Big Capital, the venture arm of Bitexco and Log9 Materials, as well as returning investors Kalaari Capital and ciie.co also participated in the round. Founded in November 2019 by Keshavachar, Ravi Prasad Sharma, and…
Global music technology platform Orfium has acquired London-based Soundmouse in a deal that brings together the global market leaders in digital music and broadcast rights management and reporting. Rob Wells, Orfium CEO and former Universal Music Group President of Global Digital, commenting: “Bringing Soundmouse into the Orfium family, we are moving to a place where we…