Uno Minda limited (Uno Minda) (formerly known as Minda Industries limited), a Tier-1 supplier of proprietary automotive solutions and systems to original equipment manufacturers (OEMs) has announced that it has entered into Technical license agreement with Asentec Co Ltd. (Asentec) of Korea, a leading global supplier of Automotive sensors and actuators, to design, develop, manufacture…
The Ahmedabad Bench of the Hon’ble National Company Law Tribunal approved the scheme of amalgamation of JMC Projects (India) Limited (JMC) with Kalpataru Power Transmission Limited (KPTL). The combined entity will have a significant presence in India and projects in 67 countries, with offerings in well-diversified areas of power transmission & distribution, buildings & factories,…
Global pharma major Lupin Limited (Lupin) announced the launch of its Regional Reference Laboratory in Indore, Madhya Pradesh, as part of its expansion in Central India. Lupin Diagnostics currently operates 325+ LupiMitra (Lupin’s franchise collection centers) and 23 laboratories in India. The expansion in Indore is well-aligned with Lupin Diagnostics’ commitment to improving access to…
Eggoz, an indigenous brand that focuses on bringing high-quality, chemical and antibiotic-free, farm-fresh eggs from local farmers straight to consumer tables, announced that it has raised $8.8 Million (Rs 66 Cr) in a series B funding round led by Mumbai-based IvyCap Ventures Pvt Ltd. The round also saw participation from the existing investors NABVENTURES, Avaana…
Chennai-based startup Aquaconnect announced it has raised $15 million in Series A funding round led by Lok Capital. The round also saw participation from a clutch of new and existing investors including Louis Dreyfus Company Ventures, Suneight Investment, Omnivore, AgFunder and Rebright Partners, among others. Founded by Rajamanohar Somasundaram in 2017, Aquaconnect is an online marketplace…
Global Schools Foundation (GSF) Singapore, a not-for-profit foundation, plans to invest over US$500 million in India’s school education sector by Year 2026, as it continues its global expansion plan to serve more communities across Europe, the Middle East, India and Japan. Recognised as the world’s most awarded school network with more than 450 international awards…
Telecom major, Bharti Airtel (Airtel), announced that it has acquired a strategic stake in Lemnisk (Immensitas Private Limited) under Airtel’s Start Up Accelerator Program. The deal is subject to all applicable statutory approvals. Lemnisk is a Bengaluru based Start Up that offers Real-Time Marketing Automation and secure Customer Data Platform (CDP) capable of orchestrating 1-to-1…
Lineage Logistics, LLC, a temperature-controlled industrial REIT and logistics solutions provider, announced it has raised over $700 million in equity from new and existing strategic partners. “Our latest equity raise shows the confidence our investors have in Lineage’s business model and our demonstrated ability to meet demand globally in the face of macro-economic headwinds, inflationary…
KKR, a global investment firm, and Bushu Pharmaceuticals Ltd. (Bushu Pharma) announced the signing of definitive agreements under which KKR will acquire all shares in Bushu Pharma from BPEA EQT. Following the transaction’s completion, KKR aims to accelerate Bushu Pharma’s growth and further position the Company as a leading contract development and manufacturing organization (“CDMO”)…
TruCap Finance Limited (TruCap) has announced a binding agreement to raise up to Rs. 105 Cr (nearly US$13.1 million) in a combination of equity shares, convertible warrants, and nonconvertible debentures from Zeal Global Opportunities Fund. The fund raise would comprise of Rs. 80 Cr of equity and convertible warrants, while up to Rs. 25 Cr.…
Mars, Incorporated, a family-owned, global leader in confectionery, snacking, food, and pet care products and services announced that it has signed an agreement to acquire Trü Frü, a whole-fruit snacking brand from its founders and management team. Trü Frü’s innovative, high-quality and unique snacks are made from real fruit and immersed in premium chocolate. The…
Integrated logistics player, Delhivery, announced the acquisition of Pune-based Algorhythm Tech Private Limited (Algorhythm Tech), an innovative Supply Chain Products and Solutions company. Upon completion of the acquisition, Algorhythm Tech will become wholly owned subsidiary of the Company, a statement said. According to the company’s exchange filing, “we hereby inform you that the Board of…
J.C. Flowers & Co. LLC (J.C. Flowers), a private investment firm dedicated to investing globally in the financial services industry, announced that the J.C. Flowers Asset Reconstruction Company (the ARC) has completed the purchase of a pool of nonperforming assets (NPAs) with a principal balance of 480 billion rupee (approximately $6 billion) from YES BANK, a Mumbai, India based bank.…
Mumbai-based agritech startup Grow Indigo has raised over $6 million in the recent funding round, according to ET Bureau report. The round saw interest from investors globally including participation from Indigo AG, Mahyco and HNIs. “Grow Indigo has conceptualized the concept of farming carbon as a crop for small holder farmers in India. When implemented…
WNS (Holdings) Limited, a provider of global Business Process Management (BPM) solutions, announced it has acquired The Smart Cube, a leader in platform-driven research and analytics (R&A) focused on procurement and supply chain, and OptiBuy, a European provider of procurement platform consulting and implementation solutions. Founded in 2003 and headquartered in London, UK, The Smart Cube provides…