VilCart, the rural economy-focused technology startup, has raised $18 million (Rs 144 crore) from investors to expand operations, according to PTI report. The company raised this amount in a Series A funding round led by Asia Impact SA. Nabventures Fund and Texterity Pvt Ltd also participated in the round, VilCart said in a statement. With…
Logistics management company Locad said it has raised $11 million in a Series-A funding round led by Reefknot Investments, a fund anchored by Temasek and logistics powerhouse Kuehne & Nagel, according to Business Standard report. The funding round also saw participation from returning investors Sequoia India and Southeast Asia’s Surge, Febe Ventures, Antler, as well as new…
RattanIndia Enterprises Limited has completed acquisition of 100% shareholding in the electric motorcycles market leader Revolt Motors. Henceforth, Revolt Motors will be 100% wholly owned subsidiary of RattanIndia Enterprises Ltd. Revolt Motors is the highest selling electric bike in the country with its manufacturing facility in Manesar, Haryana. Revolt Motors has expanded its footprint pan-India…
PDS Limited (“PDS”), the global fashion infrastructure company, announced the installation of a state-of-the-art wash plant in Progress Apparels Bangladesh Ltd, one of PDS’s manufacturing subsidiaries in Bangladesh. The wash plant has been installed in partnership and funding from the Netherlands-based Good Fashion Fund, which is subject to required regulatory approval. The Good Fashion Fund…
Athulya, a provider of senior care services in India, has raised US$ 9.3MM funding from North Haven India Infrastructure Partners, a fund managed by Morgan Stanley India Infrastructure, for its forthcoming expansion. Founded in 2016, Athulya offers assisted living, transition care and home healthcare to address the needs of dependent seniors over the age of 60, and will…
Live commerce platform Peepul Tree announced it has raised USD 6 million, about Rs 49 crore, in an investment round led by Elevar Equity, according to PTI report. The company plans to utilise the fund to onboard content creators, digitise the artisan supply chain and build technology to bring together artisans, content creators and customers…
Cigniti Technologies, the world’s leading AI & IP-led Digital Assurance and Digital Engineering services company, announced it has partnered with LambdaTest – a leading continuous quality testing cloud platform that helps developers and testers ship code faster. The partnership allows Cigniti to tap into LambdaTest innovative HyperExecute platform that provides secure, scalable, and insightful test orchestration for…
Larsen & Toubro, an Indian multi-national engaged in EPC projects, Hi-Tech Manufacturing and Services announced that the Group’s engineering services company, LTTS will acquire L&T’s Smart World & Communication (SWC) Business. The Smart World & Communication (SWC) Business was founded in 2016 to cater to the demands in smart cities, smart utilities, and digital infrastructure.…
SuperCluster Pi, a House of Brands (HoB) start-up has raised $2Mn in the seed funding round led by Bobby Balachandran of Exterro Inc with participation from marquee angel networks such as Inflection Point Ventures (IPV), Hyderabad Angels, Faad Network & AngelBay. Key social influencers including Bhuvan Bam, Ranveer Allahbadia of Beer Biceps, Praful Billore (MBA…
Xpansiv, the premier infrastructure provider for environmental markets, announced the completion of its acquisition of Evolution Markets Inc., a provider of transaction and advisory services in global carbon, renewable energy, and energy transition markets. The combination of the two companies will expand Xpansiv’s service offerings and product development capabilities to help empower the energy transition.…
TVS Motor Company, one of the largest manufacturers of two-wheelers and three-wheelers in the world, expressed its intention to invest in Madhya Pradesh for its potential future two-wheeler and three-wheeler expansion in electric and internal combustion engine (ICE) vehicles. Over a period of time, this could entail an investment of over Rs.1,000 Crores and generating…
Hexaware Technologies, a global IT consulting, technology and digital solutions provider, announced the significant expansion of its global Life Sciences and Healthcare industry capabilities by completing the integration of the recently acquired Highpoint Solutions and Mobiquity businesses. As one Company, Hexaware is driven by a shared vision of leveraging technology as a force multiplier to…
LEAD, India’s largest School Edtech, announced that established banks and marquee investors have backed its robust and sustainable business model with an investment of ~Rs. 160 Crores. LEAD’s latest round of funding was via a mix of long term capital from Alteria Capital and Stride Ventures, India’s marquee venture debt investors; and working capital financing…
FMCG giant Hindustan Unilever Limited (HUL) announced it has acquired 51% stake in Zywie Ventures Private Limited (Zywie), which owns the brand OZiva. According to the company’s exchange filing, “it is now informed that Hindustan Unilever Limited (“the Company”) has completed the acquisition of 51% shareholding of Zywie for a total consideration of INR 264.28…
EH Group is expanding its footprint by establishing an Innovation Lab in India, based at the IITM Research Park. “Recently established EH Group Systems Pvt Ltd, is aimed at accelerating the development of our fuel cell products, primarily focusing on our proprietary control systems software, ” the statement said. “It is led by Anand Vasappanavara, Principal…