Larsen & Toubro, signed an agreement to divest its 51% stake in L&T Infrastructure Development Projects Limited (L&T IDPL) to a portfolio company of Infrastructure Yield Plus II, an infrastructure fund managed by Edelweiss Alternatives. With this, L&T will divest its entire stake in the concession subsidiary, L&T IDPL. This is in line with L&T’s […]
Category: Investment
Infrastructure Yield Plus strategy, managed by Edelweiss Alternatives, has signed definitive agreements with Larsen & Toubro Limited (L&T) and Canada Pension Plan Investment Board (CPP Investments) to acquire 100% equity stake in L&T Infrastructure Development Projects Limited (L&T IDPL). The proposed acquisition will be for an enterprise value of approximately INR 6,000 cr, along with […]
Mastek, a digital engineering & cloud transformation service provider, announced that it has made a strategic investment in VolteoEdge, a SaaS company with an enterprise-ready Edge Intelligence Platform that enables secure IoT workflows and makes business workflows smarter. The investment demonstrates Mastek’s commitment to harness the benefits of Data, AI and IoT technologies and empower […]
Accenture has made a strategic investment through Accenture Ventures in Mobeus, a technology company pioneering immersive experiences through transparent computing. Headquartered in New Jersey, Mobeus Industries, Inc. is developing frictionless technology to enhance how people connect and communicate, a statement said. Mobeus was founded during the COVID-19 pandemic, accelerating the need for remote, on-demand meetings. With businesses and employees […]
Hindustan Foods Limited (HFL) has executed Business Transfer Agreement (BTA) for acquisition of Reckitt Benckiser Health India Private Limited’s (Reckitt) manufacturing facility in Village Sandholi, Baddi, Himachal Pradesh as a move to further expand its Health Care & Wellness division. Upon completion, this acquisition will further enhance the company’s offerings in the OTC Healthcare and […]
Fintech startup Zype said it has raised Rs 146 crore in a funding round led by city-based private equity fund Xponentia Capital, according to PTI report. Zype, which is focused on upping credit accessibility to millennials and help them develop sustainable financial habits, will deploy the funds for the technology platform, expanding team and customer […]
Berkshire Hathaway HomeServices Orenda India (BHHSOI), part of one of the world’s fastest-growing residential real estate brokerage franchise networks, announced the opening of its new office in Mumbai, India. The second office will help the firm’s foray into newer markets beyond northern India, as it looks to significantly ramp up its pan-India presence through 15 regional […]
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Kredmint raises $2 million in funding
Former Paytm CFO Vikas Garg’s new startup Kredmint has raised $2 million as part of its first round of funding, according to ETtech report. The round was led by startup entrepreneurs and angel investors, including Cred founder Kunal Shah, BharatPe cofounder Ashneer Grover, Junio cofounder Shankar Nath, Nearbuy founder Ankur Warikoo, and Yatra cofounder Manish […]
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Flash Global acquires Comvest
Global service supply chain solutions provider Flash Global announced that Comvest Partners (Comvest), an operationally focused middle-market private investment firm, has made a strategic private equity investment in the company in partnership with Flash Global’s leadership team. Financial terms of the transaction were not disclosed. Founded in 1983, Flash Global specializes in post-sales service supply […]
Poonawalla Fincorp Limited in its board meeting approved sale of its housing subsidiary Poonawalla Housing Finance Limited to TPG (Perseus SG Pte. Ltd., an entity affiliated with TPG Global, LLC) at a valuation of INR 3,900 Crores, subject to regulatory approvals. The transaction will maximize the shareholders’ value in the long term as Poonawalla Fincorp […]
Trioscope, the groundbreaking entertainment and technology company behind Netflix’s The Liberator, announced it has closed the first tranche of bridge financing, led by KRAFTON, Inc., a collective of independent development studios that invests across multimedia entertainment. Recognized for introducing a whole new lane of hybrid entertainment that fuses live action with CG to create compelling visual worlds, Trioscope will […]
Blod.in, a health-tech startup based in Chennai, secured an undisclosed amount in pre-seed funding. The deal was facilitated by Tamilpreneur, led by Shyam Siddarth, Founder & CEO and Praveen Krishna, Co-founder & CMO. Prabhu Rangarajan (Co-Founder of M2P Fintech), Mohan K (Co-Founder/CEO of IppoPay),Vijay Pravin (Co-Founder/CEO of bitsCrunch), Ashok Vardharajan (CTO of bitsCrunch), Savitha Ramasamy (Senior Scientist, Institute for […]
Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies, announced that their investment of Rs. 10,000 Crore for electric vehicles has been approved under the Maharashtra Government’s industrial promotion scheme for Electric Vehicles. The company, through its subsidiary, will make investments of approx. Rs. 10,000 Crore over a period of 7-8 years […]
MediWound Ltd., a fully integrated biopharmaceutical company focused on next-generation biotherapeutic solutions for tissue repair and regeneration, announced it has gained marketing approval of NexoBrid in India. MediWound has signed an agreement granting Bharat Serums and Vaccines Limited (BSV), a leading biopharmaceutical company in India, the exclusive right to market and distribute NexoBrid in India for […]
Accenture has made a strategic investment, through Accenture Ventures, in BehaVR, a leading innovator in virtual reality (VR) digital wellness and digital therapeutics experiences. On the same day, BehaVR announced a merger with OxfordVR, a spin-out of Oxford University and a leader in science-based virtual reality treatments for serious mental illnesses. The newly combined entity will offer comprehensive, cross-acuity, VR-based therapeutic […]