Accenture has agreed to acquire Mindcurv, a cloud-native digital experience and data analytics company specializing in composable software, digital engineering and commerce services for more than 200 clients worldwide. With this acquisition, Accenture Song—the world’s largest tech-powered creative group—further expands its commerce services for clients globally. The terms of the acquisition from private equity investment…
Hyperlocal logistics startup Shadowfax has raised $100 million in a mix of primary and secondary investments as part of its latest funding round led by growth investor TPG NewQuest, according to ETtech report. Existing investors including Mirae Asset Management, Flipkart, International Finance Corporation, Nokia Growth Partners, Qualcomm, and Trifecta Capital also participated in the fundraise.…
Campfire, the Y Combinator-backed startup modernizing accounting software for startups and midsize companies, announced it closed a $3.5 million seed funding round led by Foundation Capital and joined by Y Combinator and Twenty Two Ventures. Campfire will use the funding to attract world-class talent and further support its flagship products, which provide a modern general ledger and automate revenue…
IBSFINtech India Private Limited (IBSFINtech), a globally recognized Treasury, Risk, Trade Finance and Supply Chain Finance Management company has secured Pre-series A round of USD 1.5 Mn led by a group of HNIs from the USA & India, including some marquee existing investors. The company plans to utilize the funds strategically, to expand its global…
Global investment firm KKR announced the signing of a definitive agreement with Broadcom Inc. to acquire its End-User Computing Division (the “EUC Division”) in a transaction valued at approximately $4 billion. Upon closing of the transaction, the EUC Division will become a standalone company, with greater access to growth capital and a dedicated strategic focus on empowering customers…
Calabrio, a globally recognized leader in Workforce Engagement Management (WEM) solutions, has announced a major expansion in India with the launch of its new cloud offering. Tailored to meet the specific needs of Indian enterprises, this in-country cloud deployment positions Calabrio as the first WEM organization to offer local businesses unparalleled reliability, flexibility, and scalability…
OKX Ventures, the investment arm of leading Web3 technology company OKX, announced its participation in the pre-A round investment for Delphinus Lab, a trustless computation platform provider that aims to deliver a Zero-Knowledge WebAssembly (zkWASM)-based application rollup platform known as zkWASM Hub. Delphinus Lab’s product offers automated proving and batching services for application workloads, with the added flexibility…
Health and fitness platform Cult.fit has raised Rs 84.5 crore (around $10.2 million) in a funding round led by existing investor Valecha Investments, which contributed over Rs 36 crore, according to ETtech report. Other participants in the round include Gul Advani of Sun-n-Sand Hotels, who has infused Rs 28.26 crore, Extreme Brands LLP, L&K Wellness…
Atena Equity Partners has acquired a majority stake in the Redshift Group, specialist in cybersecurity and information technology. The acquisition of a 51% stake was completed in partnership with Simon Church, a renowned professional in the cybersecurity field, while the management team remains in company and fully committed to its growth, a statement said. Atena Equity…
Thomson Reuters Corporation (Thomson Reuters) a global content and technology company, previously announced the successful outcome of its recommended public offer for Pagero Group AB (publ) (Pagero), for a purchase price of approx. USD 800 million / SEK 8.1 billion. The acquisition marks the sixth deal closed by Thomson Reuters since January 1, 2023, with a total acquisition value…
Mokobara, a Bengaluru-based direct-to-consumer luggage brand, has raised $12 million in its latest round of funding led by Peak XV Partners (formerly Sequoia Capital India), at a valuation of $80 million post-money, according to ETtech report. Mokobara’s existing backers Sauce VC and Saama Capital have also participated in the Series B funding round. Of the…
Infibeam Avenues Ltd, a listed AI-powered fintech company, announced investment of USD 10 million for the acquisition of a 20% strategic stake in XDuce, a renowned enterprise Application and AI development company based in the United States. With headquarters in New Jersey USA, XDuce has a team of over 150 software developers in the US…
Ghost Kitchens India, a cloud kitchen startup that operates brands such as Khichdi Paradise, Wakka Makka and Bhayankar Burgers, has raised $5 million in a Series A round of funding led by Gujarat Venture Finance Limited, according to ETtech report. The latest funding round, which has a mix of Rs 26 crore in equity and…
Rimkus Consulting Group, Inc. (Rimkus), a worldwide leader in engineering and technical consulting, announced that the firm has received a strategic growth investment from HGGC, a leading middle-market investment firm. Existing minority investor Century Equity Partners and the Rimkus management team will be rolling significant equity into the transaction. Financial details of the deal were not disclosed. “We are…
GreenGen, a global leader in energy and sustainability solutions, announced its expansion into India, unveiled at the Urban Land Institute (ULI) India Summit in Mumbai. This strategic move aims to better support leading real estate investors, operators, and businesses in their transition towards net zero, a statement said. Since 2022, GreenGen has maintained a presence in India, however,…