Bona, a global, sustainably-driven company that supplies products for installing, renovating, maintaining, and restoring premium floors, has announced the acquisition of Ezi Floor Products (VIC) Pty Ltd (EFP), a distributor based in Melbourne, Australia. EFP, which has been the exclusive importer and national distributor of Bona products in Australia for over 20 years, will now…
Zinnia Corporate Holdings (Zinnia), an Eldridge business and leading life and annuity insurance technology services company, announced it will acquire the Life and Annuity Assets (the L&A Assets) of Ebix, Inc. (Ebix), a supplier of software solutions. The L&A assets will further position Zinnia as a partner of choice in the life and annuity industry,…
Online seafood firm Captain Fresh has raised $25 million in a funding round led by UK government-backed British International Investment (BII) and Andhra Pradesh-based Nekkanti Seafoods Group, according to ETtech report. The funding was part of a larger $48 million extended funding round at a $500 million valuation, out of which $20 million had already…
ScioTeq, a leading provider of mission-critical defense and avionics visualization and computing solutions, announces the establishment in Bangalore, India of ScioTeq Pvt Ltd, a wholly owned subsidiary of ScioTeq bv. This move will further extend ScioTeq’s global presence by providing Sales, Procurement and Services at its Bangalore location. Additionally, by joining with local partners it will…
Leading dental partnership organization (DPO), MB2 Dental has closed a US$2.344bn unitranche debt facility with credit vehicles and accounts managed by KKR, which acted as Lead Investor and Arranger on the transaction. The financing will be used to fund upcoming acquisitions and future growth for the company, following a record year of growth in 2023…
Point2 Technology, a leading provider of ultra-low-power, low-latency mixed-signal SoC solutions for multi-terabit interconnect, announced a $22.6 million Series B extension from Bosch Ventures, a leader in deep tech investments, and Molex, a global electronics leader and connectivity innovator, with participation from other investors. This Series B extension validates the demand for Point2’s technology in AI/ML data center…
CrowdStrike announced the opening of its new, state-of-the-art office in Pune, India, significantly strengthening the company’s presence in the region. The new, 52,000 square foot facility nearly doubles the capacity of previous facilities in Pune, cementing the cybersecurity leader’s commitment to protecting organizations in India and across the region, a statement said. Headquartered in the U.S.…
Game studio Overworld, building high-quality, cross-platform multiplayer RPGs, has closed a seed round of $10M, led by Hashed alongside The Spartan Group, Sanctor Capital and Galaxy Interactive, with notable participation from Hashkey, Big Brain Holdings and Foresight Ventures, to accelerate development on a multiplayer role-playing experience enhanced with digital collectibles. Codenamed Overworld, the rich, cross-platform fantasy…
Mwyn Tech, which operates the digital banking platform Freo, has raised debt funding from the Small Industries Development Bank of India (Sidbi), according to ETtech report. The company will utilise the funds for growth into newer categories and segments as well as to expand into new pan-India geographies. Founded in 2015, Freo provides digital banking…
Homegrown social media platform for travellers Explurger has raised $4.5 million in a Series A funding round led by Affle (India) Limited, at a pre-money valuation of about $40 million, according to ETtech report. With this investment, Affle’s stake in the company now stands at 9.03%, the company said in a statement. The freshly acquired…
Wipro Limited, a leading technology services and consulting company, announced that it has made a significant investment in Aggne, a leading consulting and managed services company serving insurance and Insurtech industries. With this investment, Wipro becomes a majority shareholder in Aggne, which brings to Wipro a highly sought-after and unique set of capabilities and Intellectual Property (IP)…
Tata Elxsi, amongst the world’s leading design and technology service providers, strategically expands its presence in Pune with the inauguration of a new Global Design and Engineering center in Sukhwani Business Hub, Chinchwad. The new center is specifically tailored to cater to the technology and digital transformation priorities of key automotive OEMs and Tier 1…
HiBob, the company behind Bob, the modern HR platform for midsized multinationals, announced the acquisition of cloud-based UK payroll automation platform Pento, subject to closing conditions. Following the release of HiBob’s Payroll Hub in 2021, the deal represents the next step towards providing an ‘all-in-one’ experience, allowing UK businesses to efficiently solve payroll complexity, a statement said. Pento…
Accenture has entered into an agreement to acquire Insight Sourcing, a provider of strategic sourcing and procurement services. Insight Sourcing will broaden Accenture’s sourcing and procurement services for private equity companies and the consumer goods, retail, technology and industrial industries, as per the statement. Insight Sourcing helps its clients optimize costs when sourcing and negotiating contracts…
Supertails, a full-stack pet-care startup, has raised Rs 125 crore in its Series B round led by RPSG Capital Ventures with participation from existing investors like Fireside Ventures, Saama Capital, DSG Consumer Partners and Sauce VC, according to moneycontrol report. The Deepika Padukone-backed company will use the money to begin offline operations, invest in technology and…