D2C startup Gear Head Motors announced it has raised INR 6 crores as part of its seed funding round led by Hemin Shah, Director of Collabera USA, and Sudhakar Moparthy, Director of Skillbanc USA, according to ETAuto report. The fresh funds will be used to expand the startup’s operations across India with their commitment to…
Bharat Forge Limited announced that J S Auto Cast Foundry India Private Limited (JS Auto), its step-down subsidiary has entered into Business Transfer Agreement with Indo Shell Mould Limited (ISML) for acquiring their SEZ Unit in SIPCOT, Erode. The SEZ Unit with a capacity of 42,000 MTPA, supplies fully machined critical castings to marquee customers…
TAFE, a manufacturer of tractors and farm equipment, announced the acquisition of the Indian interior systems business of French global automotive supplier Faurecia for about ₹400 crore, according to The Hindu BusinessLine report. A part of the Group Forvia, Faurecia is among the top 10 global automotive supplier with 1,11,000 employees across 33 countries. Faurecia…
Heidrick & Struggles, a provider of global leadership advisory and on-demand talent solutions, has entered into an agreement to acquire Atreus, one of the leading players for executive interim management in Germany. The acquisition builds on Heidrick & Struggles’ leadership position in the on-demand talent space by expanding this offering into Continental Europe and is an…
Eicher Motors Ltd., an Indian multinational automobile company, and parent company of Royal Enfield, global leader in the mid-weight motorcycles segment, announced a strategic collaboration in the space of electric motorcycles with Spain-based Stark Future SL. As part of this collaboration, the Board of Directors of Eicher Motors Ltd. has approved an investment of €…
Reliance Consumer Products Limited (RCPL), the FMCG arm and a wholly-owned subsidiary of Reliance Retail Ventures Limited (RRVL), Lotus Chocolate Company Limited (LOTUS) and Prakash P Pai, Ananth P Pai & other members of the current promoter and promoter group of LOTUS, executed definitive agreements, in terms of which: a) RCPL will acquire 65,48,935 equity…
Cipla Limited referred to as Cipla announced that its wholly-owned UK subsidiary, Cipla (EU) Limited (Cipla EU) has signed definitive agreements for equity investment of EUR 15 million in Ethris GmbH (Ethris), a global leader in delivering mRNAs directly to the respiratory system including administration by inhalation. The investment will facilitate a long-term strategic partnership…
Mensa Brand Technologies Pvt. Ltd, which owns a clutch of direct-to-consumer companies under Mensa Brands, has partnered with India Lifestyle Network to acquire lifestyle portals MensXP, iDiva, and creator management and marketing company Hypp from Times Internet for an undisclosed sum, according to VCCircle report. The acquisitions that have been done for an undisclosed sum will enhance Mensa’s digital brand-building…
Health food brand The Whole Truth has raised Rs 90.21 crore, or nearly $11 million, in a Series B funding round led by Sequoia Capital India and Matrix Partners India, according to regulatory filings shared by intelligence platform Tofler. This takes the company’s total fundraise till date to over Rs 142 crore. As per the…
BP p.l.c. (bp), a British multinational oil and gas company, announced it has completed its purchase of Archaea Energy Inc., a leading provider of renewable natural gas (RNG), marking a milestone in the growth of bp’s strategic bioenergy business. “We see enormous opportunity to grow our bioenergy business by bringing Archaea fully into bp,” said Dave…
JSW Energy Limited has completed the acquisition of Ind-Barath Energy (Utkal) Limited (Ind-Barath) pursuant to the Resolution Plan (RP) submitted under the corporate insolvency resolution process of the Insolvency and Bankruptcy Code, 2016 and approved by the Committee of Creditors (CoC) and National Company Law Tribunal. The RP has now been implemented, consequently Ind-Barath has…
Pheal is a smartphone app that offers innovative physical therapy tools care to physiotherapists while simultaneously improving patient care. Its unique selling points have made this health-tech platform draw a much-needed niche in the practice of physical therapy. Since going live at clinics in July, Pheal, an acronym for ‘physical therapy healing’, has achieved its…
UptimeAI, an AI-based digital transformation solution provider for the energy, chemicals, and heavy industries, has raised a total of $3.5 Million in funding led by Emergent Ventures. Joining the round are existing investors YourNest Venture Capital and new investors Sharad Sanghi, AI Sprouts, and Venture Catalysts. With the funding, UptimeAI plans to expand in the US to cater…
Inox Green Energy Services said it will acquire a majority stake in an independent wind service provider that operates majorly in South India with a 230+MW fleet, according to the PTI report. The transaction is subject to certain regulatory and other customary closing conditions and is expected to conclude by the end of January 2023,…
ASSA ABLOY has acquired Janam, a provider of handheld mobile computers and readers, based in the US. This acquisition enhances HID’s event access portfolio to now also include handheld readers for scanning tickets using barcode and RFID technology, including NFC, a statement said. “I am very pleased to welcome Janam into the ASSA ABLOY Group.…