Sonata Software, a global IT services and technology solutions company, announced the opening of its state-of-the-art new development center at its Global Village campus in Bengaluru, India. The launch of the new center is aligned with the company’s vision of becoming the fastest growing IT Services company and will provide capacity for new growth opportunities, a…
AiDash, a leading provider of satellite and AI-powered operations, maintenance, and sustainability solutions, today announced a strategic investment of $10 million from SE Ventures, a Silicon Valley-based global venture fund backed by Schneider Electric, the leader in digital transformation of energy management and automation. The capital will be used to drive climate resilience for utility assets by…
L&T Technology Services Limited (LTTS), a global pure-play engineering services company, announced the unveiling of its Engineering Research & Development (ER&D) Center in Toronto, Ontario (Canada), marking its third nearshore global design center in two quarters. The ER&D Center in Toronto will initially focus on developing digital solutions for the transportation sector including railway engineering,…
Sealed Air (SEE) announced that it has signed a definitive agreement to acquire Liquibox, a pioneer, innovator and manufacturer of Bag-in-Box sustainable Fluids & Liquids packaging and dispensing solutions for fresh food, beverage, consumer goods and industrial end-markets. This acquisition is highly complementary to Cryovac Fluids & Liquids business, the fastest growing area for SEE.…
Volocopter, the pioneer of urban air mobility (UAM), has raised an additional USD 182 million in the second signing of its Series E funding round. NEOM – the Red Sea’s smart, cognitive region project – and GLy Capital Management of Hong Kong have joined Volocopter’s diverse investor base. “Attracting NEOM And GLy as investors is a great success…
Play-To-Earn NFT Metaverse project, Trace recently raised over US$3,000,000 in a closed round of seed investments; through private investments by HNI investors. Additionally Trace also raised an additional 500K USD through NFT Sales on the platform. These investments shall be used to develop the Metaverse, work on marketing and acquisitions, as well as brand development. The project, currently a host…
PA Media Group has acquired Hydrogen, Scotland’s largest specialist social media agency. Hydrogen is an award-winning agency managing social media campaigns and communications for a range of brands and which will complement the services offered by existing PA Media Group businesses. Hydrogen is based in Glasgow and has delivered significant year-on-year growth since its formation in 2016. It has…
Icertis, the contract intelligence company, announced it has secured $150 million in funding comprised of a revolving credit facility and convertible financing from Silicon Valley Bank. The funds will enable Icertis to further extend the company’s leadership position in the burgeoning CLM category by accelerating the application of transformational technologies like artificial intelligence, machine learning,…
Local butcher stores sourcing and tech enabling startup “The Meat Chop” based out of Chennai on Tuesday announced that it has raised INR 7 crores in seed funding from Mohan K Co-Founder IppoPay, Ankur Agarwal Co-Founder Dunzo, Meenakshi Sundaram, Jaikumar R Co-Founder IppoPay, Rahul Mahipal Founder Capitar Ventures, Omar Bin Brek Founder & CEO Foloosi a UAE based FinTech, Amith D’Souza…
Gateway Distriparks Limited (GDL), an integrated inter-modal logistics service provider, has signed a Share Purchase Agreement (SPA) with Kashipur Infrastructure and Freight Terminal Private Limited (KIFTPL) and its majority shareholders namely, Apollo LogiSolutions Limited, India Glycols Limited and Kashipur Holdings Limited on 31st October 2022 to acquire KIFTPL. The agreed purchase consideration for the acquisition…
LUMIQ has raised Rs 44.1 crore or $5.5 million in its Series A round led by existing investor Info Edge Ventures. In 2022, this is the 1st round of investment for the Data and Analytics company which builds datastack products and solutions, with a pure Financial Services and Insurance (FSI) focus. In this round, Info Edge Ventures spearheaded the round…
Classera, a global edutech e-learning company focused on emerging markets, has successfully raised $40 million in a Series A round, the largest in EdTech globally for a company with no prior funding. The round was led by Sanabil Investments, wholly owned company by Public Investment Fund (“PIF”), accompanied by Global Ventures, Endeavor Catalyst, 500 Global, Sukna Venture,…
Kinara Capital, a fintech for India’s small business entrepreneurs, announced closing a fresh equity round of INR ~200 crores led by British International Investment (BII), the UK’s development finance institution and impact investor. Existing equity investors Nuveen and the ASN Microkredietfonds advised by Triple Jump also participated in this round. This equity investment will aim to…
Motilal Oswal has funded a sum of ₹ 260 Cr. in Urbanrise – Alliance Group, South India’s largest Real Estate developer for the company’s upcoming three major projects in Bangalore and Hyderabad. The funds were raised towards three upcoming projects – 30 acresvilla project on Kanakapura Road, Bangalore, the 7 acres high-rise apartment project in Whitefield, Bangalore and the 17.5 acres of high-rise…
GoFloaters, the leading hybrid workplace platform in India, announced it has secured an undisclosed amount in seed funding. The funding is led by Loyal VC, a Canada-based global venture fund with 220+ investments across 50+ countries. Funds will be primarily utilized to strengthen and accelerate its unified hybrid workplace solution – WorqFlexi, a statement said. “GoFloaters…