Edtech startup Collegedekho has raised $9 million from its existing investor Winter Capital Partners, according to PTI report. The startup is a college admissions and higher education services platform. Founded by Ruchir Arora, Saurabh Jain and Rohit Saha, Collegedekho was launched as a student guidance platform in 2015. It connects prospective students with colleges using…
Fintech firm Money View has raised $75 million in a funding round led by UK-based asset manager firm Apis Partners, according to the PTI report. Venture Capital Tiger Global, Winter Capital and Evolvence also participated in the funding round, which valued the Bengaluru-based fintech company at $900 million (about Rs 7400 crore), Money View said…
Akulaku, a leading banking and digital finance platform in Southeast Asia, announced a $200 million investment from Japanese megabank Mitsubishi UFJ Financial Group (MUFG). The investment provides additional support for Akulaku’s projected growth as it advances towards its mission of providing banking services across Southeast Asia with an emphasis on reaching underserved customers and markets. The Company’s future growth…
Samaaro, a B2B event-marketing SaaS platform has raised seed funding round, led by SucSEED Indovation Fund with participation from Silver Needle Ventures Fund, The Chennai Angels, Lead Angels, Ankit Mehrotra (Founder, Dineout), Khalid Qazi (VP, Swiggy) and other eminent angel investors. The round also saw follow-on participation from the existing angels of their last round…
Grindwell Norton Ltd., (GNO) the oldest and the largest Abrasive manufacturer in India and part of the Saint-Gobain Group, commissioned its Paper Maker manufacturing plant in Bengaluru. Under Atmanirbhar Bharat, the Paper Maker plant’s manufacturing capabilities presents a huge opportunity to introduce “Make in India” products that are innovative and have cutting edge technology, a…
Co-working major WeWork India said it has raised Rs 550 crore from funds managed by BPEA Credit. The amount will be used for future growth and potential consolidation opportunities, according to PTI report. WeWork India has a portfolio of around 70,000 desks spread over 6 million square feet area in 41 centres across Bengaluru, Mumbai,…
Advent International (Advent), a global private equity investors, has entered into a definitive agreement to acquire significant stake in Suven Pharmaceuticals(Suven Pharma or Suven) from the Jasti family, subject to regulatory approvals and conditions. Post the completion of this landmark acquisition, Advent intends to explore the merger of its portfolio company, Cohance Lifesciences (Cohance) with…
Tredence, the Data Science and AI Solutions company, announced it has raised USD 175 million in Series B funding from Advent International (Advent) to accelerate data-fueled growth and AI value realization for industries. Advent is one of the largest and most experienced global private equity investors. Advent will acquire a minority stake in Tredence with…
Housing finance company HomeFirst has further diversified its borrowing sources with the latest fund raise from IFC, through the issuance of INR denominated, senior secured, rated, unlisted, redeemable Non-Convertible Debentures with a tenor of up to seven years. The proceeds will be utilized to provide financing for retail buyers of affordable housing and green affordable…
Axiscades Technologies Ltd., an end-to-end technology and engineering solutions company, announced that it has completed the acquisition of Mistral Solutions Private Ltd., a leader in Semiconductor, Embedded Electronics, Defence and Product Engineering capabilities. The acquisition, which was initiated in the year 2017, was executed over 4 phases at an aggregate acquisition cost of INR 296…
MSC Group announced that its wholly owned subsidiary SAS Shipping Agencies Services has completed the acquisition of Bolloré Africa Logistics. The transaction has been approved by all relevant regulatory authorities. MSC’s acquisition of Bolloré Africa Logistics SAS and its subsidiaries (“Bolloré Africa Logistics Group”) underscores MSC’s long-term commitment to investing in African supply chains and infrastructure…
Tata Communications, a global digital ecosystem enabler, announced it has entered into a definitive agreement through its wholly owned international subsidiary Tata Communications (Netherlands) B.V. to acquire The Switch Enterprises LLC. New York-headquartered, The Switch is a leading global end-to-end live video production and transmission services provider with reach to top tier sporting venues in North…
Wordvice, an international English editing company, which is a crowd sourcing platform with a patented editor-client matching system, is looking to hire editorial candidates with PhD and advanced degrees from STEM fields in India. Ranked fourth globally with 24,000 doctoral graduates passing out every year in India, Wordvice is looking to capitalize on the huge talent pool…
SuperCluster Pi (House of Brands) has acquired controlling equity in Auravedic, a modern Ayurvedic beauty brand. The brand specializes in combining years of knowledge in Ayurveda with modern technology to bring the best of skincare, with a category leading Kumkumadi oil across marketplaces like Amazon, Nykaa, Purplle, etc. This acquisition will enable SuperCluster Pi to…
India Grid Trust (IndiGrid), India’s first listed power sector infrastructure investment trust (InvIT) and G R Infraprojects Limited (GRIL), one of India’s leading players in Infrastructure sector, have announced a strategic partnership in the Indian Power Transmission sector. A MoU has been signed to jointly bid for identified TBCB (Tariff Based Competitive Bidding) transmission projects…