Inflection Point Ventures has announced an investment in education technology startup MyCaptain which aims to enable everyone to pursue a career they love. Some other investors in this round are MyNavi, Piper Serica, Super Capital and Ankur Capital. Securing funds for strategic growth, MyCaptain plans to expand their hybrid programs into diverse cities, establishing 4+ regional…
Rural commerce startup Rozana said it has raised $22.5 million (about Rs 186.5 crore ) in funding led by Bertelsmann India Investments, along with participation from Fireside Ventures and its existing investors, according to the ETtech report. The New Delhi-based firm will use the funds to expand its warehousing and logistics operations into new districts,…
Aramco Digital, the digital and technology subsidiary of Aramco, and LTIMindtree, a global technology consulting and digital solutions company, have signed a shareholders’ agreement to create an IT services company in the Kingdom of Saudi Arabia. The prospective company would showcase innovation in action, including disruptive digital services, and transformative industry 4.0 systems integration capabilities.…
Accenture has agreed to acquire Udacity, a digital education pioneer with deep expertise in the development and delivery of proprietary technology courses that blend the flexibility of online learning with the benefits of human instruction. Terms of the transaction were not disclosed. Udacity’s team of more than 230 professionals will join Accenture LearnVantage, which provides Accenture’s…
Exly, a business tools provider for creator economy, has raised $6.2 million in a fresh round of funding led by Chiratae Ventures, according to ETtech report. Existing investors Mayfield India and Venture Highway also participated as a part of the round. The company is expected to utilise the proceeds from the latest raise for enhancing…
Kyndryl, the world’s largest IT infrastructure services provider, announced an expanded, multi-year agreement with Stellantis to manage and operate select essential business operations such as networking, data center support and local IT services support in Europe, North America and South America. Building on the agreement announced in February 2023, Kyndryl will contribute to modernizing Stellantis’ IT infrastructure, enabling the automaker to access…
Accenture has acquired The Lumery, a Melbourne-based marketing technology (martech) consultancy that helps leading organizations deliver seamless customer experiences and transform their marketing services. The acquisition will strengthen the marketing transformation capabilities of Accenture Song—the firm’s tech-powered creative group—and add significant depth to its offerings in Australia, such as personalization, CRM and loyalty, testing and experimentation and…
Boldyn Networks (Boldyn) announced the close of its acquisition of Cellnex’s private networks business unit. This largely includes Edzcom, a Finnish pioneer and European market leader that designs, builds, and operates private 4G and 5G networks across enterprise customers in the manufacturing, transport hubs, oil and gas, energy generation, and mining industries. With this acquisition, Boldyn is…
WebMD Health Corp., an Internet Brands company and a leader in health information services for consumers, physicians and other healthcare professionals, announced it has joined forces with Healthwise, Incorporated, the patient and member health education and engagement company, through the acquisition of Healthwise’s current operating assets. Healthwise delivers a powerful offering of consumer health content…
Silence Laboratories, which builds products to help enterprises and companies ensure data privacy through technologies like multiparty computation (MPC), has raised $4.1 million in a funding round, according to ETtech report. The round was led by Pi Ventures and Kira Studio, along with other angel investors. The newly-acquired funds are earmarked for scaling up its…
CMS Info Systems (CMSINFO), a leading business services platform has announced that Rajiv Kaul, Executive Vice Chairman, Whole Time Director and CEO has increased his stake in the company from 2.62% to 6.20%. Baring Private Equity Asia (Sion Investment Holdings) acquired a 100% stake in 2015 from Blackstone Private Equity (Blackstone FP Capital Partners) and…
Graybar, a distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, announced that it will acquire Blazer Electric Supply, based in Colorado Springs, Colorado, effective March 1, 2024. Blazer Electric Supply is an electrical distributor that serves construction, commercial, institutional, and industrial customers. The company was founded in…
Mobility platform IntrCity said it has raised Rs 37 crore in a funding round led by Mirabilis Investment Trust, part of the family office of Infosys cofounder K Dinesh, according to ETtech report. The funding round also saw participation from existing investors like Nandan Nilekani’s family trust, Omidyar Network India and Ujamaa Ventures. The firm…
BounceBit has closed a $6-million funding round led by prominent venture capital firms Blockchain Capital and Breyer Capital. “We’re thrilled to lead the seed round for BounceBit as they’re pushing the frontiers of BTC Restaking and yield generation,” said Ted Breyer, Partner at Breyer Capital. “There is a huge opportunity to bring DeFi and other innovations to the Bitcoin community through BTC…
Mahindra Logistics Limited, a leading provider of integrated logistics solutions in India, is set to broaden its footprint in West Bengal. As part of this expansion, Mahindra Logistics will commence operations of a 1.1 lakh sq. ft. fulfilment centre in Malda, West Bengal, dedicated to handling fulfilment and last-mile deliveries. This centre is a critical…