Cepton, Inc. (Cepton), a Silicon Valley innovator and leader in high performance lidar solutions, announced that it has entered into a binding investment agreement dated October 27, 2022 (Investment Agreement) for a $100 million investment from its long-term automotive Tier 1 partner and current shareholder, Koito Manufacturing Co., Ltd. As previously reported, the investment will be…
KKR, a global investment firm, announced the signing of definitive agreements under which KKR will acquire 100% of Ness Digital Engineering (Ness), a global full-lifecycle digital services transformation company, from The Rohatyn Group (TRG). Founded in 1998 and headquartered in Teaneck, New Jersey, Ness is a leading provider of end-to-end digital transformation services that specializes…
Global pay solutions platform, CloudPay, has raised a new $50 million round of capital led by Runway Growth Capital and The Olayan Group. The new capital will support CloudPay’s continued innovation of its end-to-end enterprise global pay offering, meeting the need for integrated payroll and payments services as well as employee solutions that fit the modern world of…
SiMa.ai, the machine learning company enabling effortless deployment and scaling at the embedded edge, announced it has extended its Series B1 round to $67 million with new participation from MSD Partners, L.P. The round also includes participation from existing partners: Fidelity Management & Research Company, Amplify Partners, Dell Technologies Capital, Wing Venture Capital, Alter Venture Partners,…
Reap, a fintech company powering global financial transactions through the industry first Reap Visa Corporate Card (Reap Card) platform, announced a US$ 40 million Series A investment round led by Acorn Pacific Ventures, Arcadia Funds and HashKey Capital through a combination of equity and debt financing. Hustle Fund, Fresco Capital, Abacus Ventures also invested as returning investors…
European AI startup Axelera AI announced the close of its $27 million Series A investment round. The funding will support Axelera AI’s launch and mass production of its first-generation AI acceleration platform, powered by its disruptive in-memory computing and dataflow. Since its inception and initial funding last year, Axelera AI successfully taped-out its first testbench chip, developed…
In keeping with its aggressive global expansion plans, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, is set to commence its operations in the Philippines. Terrafirma Motors Corporation (TMC), a part of the Columbian Group of Companies, one of the leading and most experienced automotive group is partnering with Hero MotoCorp in bringing…
Dabur India Limited (Dabur) announced that it has signed definitive transaction agreements to acquire 51% shareholding of Badshah Masala Private Limited (Badshah), which is engaged in the business of manufacturing, marketing and export of ground spices, blended spices and seasonings. This acquisition is in line with Dabur’s strategic intent to expand its Foods business to…
Acqueon, a provider of omnichannel customer engagement software, announced a majority growth investment from Long Ridge Equity Partners (“Long Ridge”). Existing investor Everstone Capital has exited its majority stake and remains a minority equity holder in the Company. The transaction will enable Acqueon to further extend its market-leading position via accelerated product innovation, channel partner expansion,…
Orbis Technologies, Inc. (Orbis), a global leader in delivering content solutions and services for large enterprise and governmental organizations worldwide, announced the acquisition of Writing Assistance, Inc (WAI), a company based in Minnesota specializing in professional writing talent and staffing. The combined companies will retain the Orbis Technologies, Inc. name and maintain its headquarters in Annapolis, MD. “With almost…
CitiusTech, a provider of technology and consulting services to healthcare and life sciences companies, welcomed Bain Capital Private Equity (Bain Capital) as an investor, joining existing shareholder BPEA EQT who acquired a majority stake in CitiusTech in 2019. Financial terms of the private transaction were not disclosed. “We are thrilled that Bain Capital is joining…
Electric vehicle financing digital platform Revfin on Thursday said it has raised USD 10 million (over Rs 80 crore) in a Series A round of funding, according to PTI report. The funding round was led by Green Frontier Capital (GFC), a VC fund focusing specifically on climate investments; LC Nueva Investment Partners, a partnership between…
Beepkart, an online two-wheeler marketplace, said it has raised $9 million in a funding round led by Vertex Ventures South East Asia & India, according to ETtech report. Existing investors Stellaris Venture Partners and Chiratae Ventures, which had led the company’s $3 million seed round in September 2021 also participated in the funding round. The…
Warburg Pincus, a global private equity firm, announced that an affiliate of private equity funds managed by Warburg Pincus LLC, has entered into definitive agreements to acquire a majority stake in Vistaar Finance, an NBFC lending to MSMEs in India. Exiting shareholders would include WestBridge Capital (WestBridge), Elevar Equity (Elevar), Omidyar Network India (Omidyar) and…
Global pharmaceutical major Lupin Limited (Lupin) announced signing of an agreement to acquire all rights to two inhalation medicines, Brovana (arformoterol tartrate) Inhalation Solution and Xopenex HFA (levalbuterol tartrate) Inhalation Aerosol, from Sunovion Pharmaceuticals Inc. (Sunovion) for a purchase price of $75 million. The acquisition of these two brands expands Lupin’s portfolio of inhalation products…