Isthara, India’s premium co-living brand and Smart Food Court pioneer, has raised fresh funding of $10 million led by Dubai-based Eagle Investments. The current funding round brings Isthara’s total fund-raise to about $21 million. Isthara aims to scale the food court business by 10X to 500 food courts across 30 cities in the next 3 years, catering to a million people…
Vecmocon, a startup that manufactures electric vehicle components, has raised $5.2 million in funding from Tiger Global, Blume Ventures and other angel investors, according to ETtech report. The company aims to utilise the fundraising to invest in team building, business expansion, scaling up of operations and product innovation. Interestingly, this is the fourth EV startup…
Aether Industries Limited has inaugurated their newly expanded R&D centre in Surat, Gujarat. The centre will help serve the growing demand in the CRAMS business segments and underpin efforts to achieve improved efficiency for existing products. In addition to that, Aether Industries’ latest R&D centre will support innovation for the company’s continually-growing internal product pipeline…
Perficient, Inc. (Perficient), the leading digital consultancy firm, announced the acquisition of Ameex Technologies Corporation (Ameex), an approximately $19 million revenue digital experience consultancy headquartered in Schaumburg, IL, with offshore operations located in Chennai, India. “We’re thrilled to continue to strengthen our global delivery capacity, enhance our digital capabilities and expand further within India with…
Moglix, a B2B e-commerce and digital supply chain solutions company, announced the acquisition of ADI’s India distribution business to spread its arms further into industrial goods distribution. ADI’s India business represents the Indian distribution arm of ADI Global Distribution, a leading global wholesale distributor of security, AV and low-voltage products, which is part of Resideo…
Legal tech startup Oddr has raised $2 million in funding led by Saama Capital and Twin Ventures, along with participation from angels in the US, Singapore, and Germany, according to ETtech report. Headquartered in Silicon Valley and India, Oddr is aiming to launch its services in North America, the UK, and Australia, with an R&D…
Cyril Amarchand Mangaldas advised Biocon Limited (Biocon), in relation to the sale of shares by Biocon Limited in Syngene International Limited (Syngene International), by way of a bulk trade on the stock exchanges, aggregating to INR 1220.28 crores. The Capital Market Practice of Cyril Amarchand Mangaldas advised Biocon for the transaction and assisted with, reviewing, and finalizing the transaction…
India Edtech Consortium (IEC), the self-regulatory body formed under the aegis of IAMAI, revealed the results of a recently conducted Survey on teachers to assess the efficacy and quality of education the Edtech companies are driving within the country. In self-reported data, IEC member companies have also highlighted that a spend of about INR 3500…
Vikas Lifecare Limited (VLL) announced it has acquired 30% stakes in the Ardh Sainik Canteens in an all-cash deal of INR 150 Million from its existing stakeholders. According to the company’s exchange filing, “Vikas Lifecare Limited, as a measure of forward integration, in order to extend its retail footprint across India, taking another giant leap…
Wall Street and Silicon Valley are coming together to build digital asset management solutions focused on connecting institutional investors to the crypto ecosystem. Earlier this year, former HSBC trader Ashutosh Goel and former Meta Asia executive Supreet Kaur paired up to build xalts, an investment management and technology firm focused on driving real-money institutional participation…
Beauty startup Vanity Wagon said it has raised around $2 million in pre-Series funding at a valuation of $8 million, according to ETtech report. Co-led by Agility Ventures Partners and Lotus Herbals Private Limited, the round saw participation from Inflection Point Ventures, Venture Catalysts, and other high-net-worth individuals (HNIs). The startup will utilise the funds…
RattanIndia Enterprises Limited announced that it is acquiring 100% shareholding in the electric motorcycles market leader Revolt Motors. The Company had earlier acquired 33.84% shareholding in Revolt with an option to further increase the shareholding. Revolt Motors currently has manufacturing facility in the auto manufacturing hub of Manesar, Haryana. Over the last one year, Revolt…
Nykaa, an omnichannel consumer-tech company, received board approval to sign an agreement with the Middle East’s Apparel Group, a global fashion and lifestyle retail conglomerate headquartered in the United Arab Emirates (UAE). Bringing its proven multi-brand beauty retail expertise to this alliance, Nykaa will leverage the Apparel Group’s robust retail infrastructure network and deep market…
TaskUs, a provider of outsourced digital services and next-generation customer experience to fast-growing technology companies, announced Navi Mumbai as home to its fourth site in India. TaskUs Navi Mumbai will support the company’s growing operations in India, which has been TaskUs’ fastest-growing market in its 14-year history. The city has a highly skilled and tech-savvy talent pool,…
Jaipur Watch Company, a luxury custom-built watch brand, has raised their first round of funding, with participation from strategic investors, Angel investors and people who can contribute to the journey; Ankur Mishra (Director- Central Academy Jodhpur Education Society), Tushar Kapoor (Director – Kapsons), Dexter Angels and Marwari Catalysts. The founder of Jaipur Watch Company, Gaurav Mehta…