Inovalon, one of the leading providers of cloud-based software solutions empowering data-driven healthcare, announced the inauguration of its India Development Center (IDC) in Hyderabad. With its global technology team based in the U.S., Inovalon has formally increased its capacity in India to deliver innovation for its customers, a statement said. For the last eight years,…
Qualitest, an AI-powered quality engineering company, announced the acquisition of ZenQ PvT Ltd., an India-based software testing company. This acquisition not only extends Qualitest’s strong geographical footprint in India with ZenQ’s facilities in Hyderabad, but also adds to their NextGen capabilities in Phygital, Analytics, Blockchain, and DevOps, the statement said. Through this acquisition, Qualitest will…
ArisInfra, a B2B platform in construction and infrastructure materials based out of Mumbai, acquired a significant stake in Unitern Advisors, a Bengaluru based e2e Real Estate solution provider in the Real estate industry. The stake purchase has been a combination of Stock & Cash. The association aims to provide end to end operational solutions to…
Accenture has agreed to acquire Inspirage, an integrated supply chain specialist firm focused on Oracle technology. The acquisition will further enhance Accenture’s Oracle Cloud capabilities, helping it accelerate innovation for clients through emerging technologies, such as touchless supply chain and digital twins. Terms of the transaction were not disclosed. Founded in 2007, Inspirage is headquartered in…
IppoPay, a verticalised payments infrastructure startup, announced that it is acquiring the business of Tutelar, a full-stack AI-based Risk Management Company. Tutelar builds products for real-time KYC and transaction fraud detection and risk management at every level of the payments value chain. The company enables risk-free onboarding, dispute resolutions, KYC fraud detection, transaction fraud detection,…
Reliance Industries Ltd (RIL) announced it has signed definitive agreements to acquire a majority stake in SenseHawk Inc (SenseHawk) for a total transaction value of USD 32 million, including funding for future growth, commercial rollout of products, and R&D. Founded in 2018, SenseHawk is an early-stage California-based developer of softwarebased management tools for the solar…
Space-tech startup Skyroot Aerospace has raised $51 million in a funding round led by Singapore’s sovereign fund GIC. The company said it would use the funds to expand the headcount across its engineering team. Founded in 2018, Skyroot builds rockets to help launch small satellites, as it designs and tests multiple rocket propulsion systems. “This…
Sequoia Capital-backed revenue-based financing platform Klub has marked the final close of its maiden Rs 200 crore revenue-based debt fund to back consumer tech companies ahead of the festive season, according to moneycontrol report. Acceler8, a SEBI (Securities and exchange board of India)-registered Category II Alternative Investment Fund, which was launched in December last year, has invested…
Global investment firm Carlyle and GIC, and the green ammonia project development company Eneus Energy Limited (Eneus), announce Carlyle and GIC’s strategic investment in Eneus to support the development of a 14GW+ pipeline. Eneus is amongst a small cohort of first movers for industrial scale production plants in a global market for green ammonia and/or…
PurpleTutor, which focusses on A.I based live classes, has recently raised Rs 10 crore (out of which Rs 3 crore was raised earlier) in its Series A round. The round saw participation from Disruptors Capital, IvyCap Ventures, Arjun Malhotra (Co-founder, HCL) and others. This round will help the company build its product offering and strengthen…
Silence Laboratories, a web3 focused cybersecurity startup, headquartered in Singapore and working on libraries for MPC and Proofs-based Decentralised Security-as-Service (DSaaS), has closed a $1.7 million round in a seed funding, led by Pi Ventures. Their core technology to support developer focused decentralised and high grade security for digital assets with functionalities of key management, distributed signature and authorization is…
Sun Life Financial Inc. announced that it intends to acquire a majority stake in Advisors Asset Management, Inc. (AAM), a leading independent U.S. retail distribution firm, through SLC Management, Sun Life’s institutional fixed income and alternatives asset manager. AAM will become the U.S. retail distribution arm of SLC Management. AAM provides a range of solutions…
Infosys, a global leader in next-generation digital services and consulting, announced that it has completed the acquisition of BASE life science, a leading technology and consulting firm in the life sciences industry, in Europe. This follows the announcement the company made on July 13, 2022. The acquisition reaffirms Infosys’ commitment to help global life sciences…
Accenture has acquired Carbon Intelligence, a leading carbon and climate change strategy consultancy, adding more than 160 professionals to its rapidly growing group of data scientists, consultants and sustainability experts. Carbon Intelligence is focused on helping global businesses understand their overall carbon footprints, and ways to reduce them, using Science Based Targets Initiative (SBTi) strategies that lead to transformational…
Electric vehicle (EV) technology startup Electrifuel announced it has raised Rs 1.8 crore in funding from the Indian Angel Network (IAN), led by lead investors Vishnuraj Kunjur, Sahil Kejriwal, and Pradeep Gupta, according to ETtech report. The startup said it would use the funds to hire for multiple roles as it expands its team to…