Persistent Systems, a global Digital Engineering company, announced it has inaugurated its first office in Indore, situated in the heart of Madhya Pradesh. This 450-seat office will be the latest addition to Persistent’s rapidly growing global delivery network. This new delivery center will play a key role in enabling clients across industries to accelerate business…
Trelish, a premium coffee brand specializing in instant liquid coffee blends has announced a fundraise of 3.5 Cr in a recent round led by The Chennai Angels. Trelish intends to utilise the funds for geographic expansion, hiring top talent and to further strengthen the brand, a statement said. Co-Founder of Trelish, Kavita Narayanan commented on…
TVS Motor Company, a manufacturer of two-wheelers with sales of over three million units globally, inaugurated its first state-of-the-art TVS Experience Centre in Singapore. This launch is in line with the company’s global expansion plans. The new TVS Experience Centre will offer a range of TVS Motor’s premium motorcycles including the flagship model, TVS Apache…
Fairfax India Holdings Corporation (Fairfax India), an investment holding company, announced that its wholly-owned subsidiary, FIH Mauritius Investments Ltd. has completed its previously announced sale of 9.8% equity interest in IIFL Wealth Management Limited (IIFL Wealth) to Bain Capital for gross proceeds of approximately $172 million (approximately INR14.0 billion at current exchange rates). As a…
PM Group, the Irish headquartered, international project delivery specialist, recently celebrated ten years of its establishment in India. The company further announced its expansion plans in India as part of the company’s international business strategy 2021-2025. PM Group is targeting recruitment of 150+ personnel for their Bangalore office within the next three years. The company…
BoomerangFX, a cloud-based, global integrated practice management software, digital marketing, and educational solution provider to the private-pay aesthetic medicine industry, is expanding its reach beyond North America. Having experienced demand for its e-learning solutions across Asia-Pacific and Europe, the company’s educational platform, BoomerangFX LEARN, recently surpassed 10,000 participants worldwide, a statement said. Jerome Dwight, CEO and Co-Founder of BoomerangFX, commented,…
Deel has completed its $AU 121M acquisition of APAC-based payroll and HCM company PayGroup Limited. PayGroup is now part of Deel, a private San Francisco-based payroll company, and has been delisted from the Australian Stock Exchange, a statement said. Initiated in July 2022, the acquisition’s completion makes Deel a true leader in the global payroll and…
Blackstone announced that private equity funds managed by Blackstone (Blackstone) have signed definitive agreements with Satinder Singh Rekhi and other current promoters to purchase a majority stake in R Systems International Limited (R Systems). R Systems, founded in 1993 by Satinder Singh Rekhi, is one of the leading providers of digital Information Technology services, specializing…
CredoPay, a neo-banking and unified payment acquiring solution provider, announced its foray into Middle East. The leading fintech enabler launched its services under the brand name SalisPay in Muscat, capital of Oman, last week. SalisPay is a joint venture with Oman Computer Services LLC, a 100% subsidiary of Oman’s largest business conglomerate The Zubair Corporation…
GlobalLogic Inc., a Hitachi Group company and Digital Engineering leader, announced that it has signed a definitive agreement to acquire Fortech, a leading software engineering services company based in Romania. Headquartered in Cluj-Napoca, Fortech has applied its deep technical capabilities to hundreds of clients and more than 1,000 digital projects throughout nearly two decades of operation—a…
Entrepreneur First, a global early-stage talent investing firm that helps entrepreneurs build startups from the pre-idea, pre-team stage. The global talent investor runs programmes across Europe, Asia and North America that enable exceptional individuals to meet like-minded co-founders, develop startup ideas, build businesses from scratch and secure funding from leading investors. Entrepreneur First was established…
ABB E-mobility, a global leader in electric vehicle (EV) charging solutions, announced that it has signed a pre-IPO private placement of approximately CHF200 million for newly issued shares, led by new minority investors. ABB E-mobility will use the proceeds to continue the execution of its growth strategy, driven by both organic and M&A investments in…
RHI Magnesita, the global supplier of refractory products, announced the acquisition of the Indian refractory business of Dalmia Bharat Refractories Limited (DBRL). DBRL will transfer its Indian refractory business to Dalmia OCL (DOCL). Under the terms of a Share Swap Agreement, RHI Magnesita will acquire all outstanding shares in Dalmia OCL (DOCL) in exchange for…
Advanced Navigation, a developer of AI robotics and navigation technology, and KKR, a global investment firm, announced the signing of definitive agreements under which KKR will lead a US$68 million (AUD108 million) Series B funding round in the Company. The funding round includes participation from new investors such as deep learning venture firm AI Capital…
KKR, a global investment firm, and Privy, a leading digital trust provider in Indonesia, announced the signing of definitive agreements under which KKR will participate as the lead investor in the $48 million Series C funding round of Privy, with participation from existing investors MDI Ventures, GGV Capital and Telkomsel Mitra Inovasi (TMI), and new investors including Singtel Innov8. The investment…