Uolo Technologies, a communication platform for schools, said it has raised $22.5 million in a Series A round of funding led by Dubai-based growth-stage investment firm Winter Capital. Earlier in November 2020, the startup had raised $3 million seed funding led by Blume. Other investors included Morphosis Venture Capital, another Dubai-based fund, and existing investor…
PayTabs, a payments firm based in Saudi Arabia, announced that it had acquired a 100% stake in Paymes, Turkey’s largest social commerce platform. The news of the acquisition comes just weeks after PayTabs acquired Saudi Arabia’s Digital Pay in November 2022, a statement said. Under the terms of the acquisition, Paymes will serve as PayTabs social commerce platform empowering millions of freelancers, artisans,…
Tecnotree, a market leader in 5G digital Business Support Systems (BSS), with AI/ML capabilities and multi-cloud extensibility, announced its plans to acquire CognitiveScale (CS), a US-based pioneer in the space of AI Engineering and provides solutions for scalable enterprise AI development and deployment. Tecnotree’s global footprint with over 90 Telecom customers in 70 countries around…
Mediawan, a leading independent premium content studio in Europe led by Pierre-Antoine Capton, and Plan B Entertainment, an award-winning US based production company co-founded and led by Brad Pitt, along with co-presidents Dede Gardner and Jeremy Kleiner, announce that they have entered into a definitive agreement for Mediawan to acquire a significant stake in Plan B. …
MemryX Inc., a startup focused on accelerating artificial intelligence (AI) processing for edge devices, announced it has opened an engineering center in Bangalore, India. The opening of the Bangalore site is complementary to existing MemryX engineering capabilities in Taipei, Hsinchu, and Ann Arbor. MemryX offers a differentiated high efficiency, low power, and scalable Edge AI solution that is easy to…
V-Guard Industries (V-Guard) announced that it has signed definitive agreements today for acquiring I 00% stake in Sunflame Enterprises Private Ltd. (SEPL) for a consideration of INR 660 crs, on a cash-free, debt-free basis, subject to closing adjustments. The transaction is expected to close by mid of January 2023. The acquisition is in line with…
Spearline, a global provider of communication testing technologies based in Co. Cork, Ireland, has acquired Callstats analytics, diagnostics and optimization technology for WebRTC from 8×8, Inc. for an undisclosed sum. 8×8 is headquartered in California, USA. This acquisition will enable Spearline to utilise Callstats’ proprietary technology to provide the best in class solution for testing and monitoring…
ASK Capital, part of ASK Group (ASK) – one of India’s leading asset and wealth management companies, announced that they’ve received authorisation from the Central Bank of Ireland for their first UCITS vehicle – ASK Indian Entrepreneur Fund. The UCITS vehicle will be modeled on ASK’s flagship PMS, ASK Indian Entrepreneur Portfolio (“IEP”) which has a strong track record…
Wasabi Technologies, the hot cloud storage company, completed its Series D funding round with an additional $15 million in new equity headlined by Azura, SiS Cloud Global Tech Fund 8, and existing investors including Prosperity7 Ventures. Following $125M in equity closed in September 2022, the additional funding brings Wasabi’s Series D to $140 million. Along with its existing debt facility,…
Abeyaantrix Technology, the parent entity of Onsite, a mobile-based application for construction projects, announced it has raised $1.5 million in a seed funding round from Artha Venture Fund, Foundamental and Madhumala Ventures, among other investors, according to ETtech report. The startup will use the funds for product development and expansion activities, according to a statement.…
Hindustan Unilever Limited (HUL) announced its foray into the ‘Health & Wellbeing’ category through strategic investments in Zywie Ventures Private Limited (“OZiva”) and Nutritionalab Private Limited (“Wellbeing Nutrition”). Launched in 2016, OZiva is a leading plant-based, and clean-label consumer wellness brand focused on the need spaces such as Lifestyle Protein, Hair & Beauty Supplements and…
Partners Group, a global private markets firm, has, on behalf of its clients, agreed to acquire a majority stake in Sunsure Energy (Sunsure), a leading renewable energy and decarbonization solutions platform in India. Partners Group will invest up to USD 400 million in the Platform. Founded in 2015, Sunsure has historically built solar plants for…
Royal Enfield, global leader in mid-size motorcycle segment, began a new chapter on its journey in the Americas region, and specially in Brazil, with the commencement of operations of its new CKD assembly facility. This is a significant step forward in Royal Enfield’s plans in LatAm, and reiterates the brand’s commitment to the region, as…
KKR, a global investment firm, announced that KKR has agreed to acquire Clinisupplies, a market leader in continence care products in the UK, from Healthium. Clinisupplies’ management team will continue to hold a minority position. Financial details of the transaction were not disclosed. Clinisupplies is a UK-based manufacturer and distributor of continence care products, including urinary collecting devices and…
Hinduja Tech (HT), a world-class engineering services company, acquired Drive System Design (DSD), an award-winning and globally trusted engineering consultancy known for developing innovative solutions for electrified propulsion systems. DSD currently provides advanced engineering to automotive, commercial vehicle, off-highway, defense and aviation industries from locations in the United Kingdom, the United States, and Asia, a statement said. The…