The Boards of Directors of Aditya Birla Capital Limited (ABCL) and Aditya Birla Health Insurance Co. Limited (ABHI) approved a proposal for a primary capital infusion of approximately Rs. 665 Crore in ABHI, from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). Aditya Birla Health Insurance is a 51:49 joint venture between…
CleverTap, a global B2B SaaS platform for customer engagement and retention, announced it has signed definitive agreements to raise US$105M in a Series D funding round led by CDPQ, a global investment group who committed US$75M, with participation from IIFL AMC’s Tech Fund, along with existing investors Tiger Global and Sequoia India. The funds will be used to…
Jodo, a fintech startup in the education payments space, announced it has raised $15 million in a fresh funding round led by Tiger Global, a New York-based investment firm. Existing investors Elevation Capital and Matrix Partners India also participated in the current funding round. With the latest funding, Jodo plans to scale up its education…
Humalect, a no-code platform helping organizations automate DevOps, has raised USD 750K from early-stage investors StartupXseed Ventures, which has previously backed top companies such as Darwinbox, Jobiak, CloudSek, Bellatrix and Aarav Unmanned Systems (AUS). The raised funds will be strategically utilized to build the team efficiently and extend product features, a statement said. Humalect Co-Founder…
Everdome, the most hyper-realistic metaverse, has announced that GEM Digital Limited (GEM), a Bahamas-based digital asset investment firm that sources, structures and invests in utility tokens listed on over 30 CEXs and DEXs globally, has agreed to an investment commitment of US$10 million into the UAE-based metaverse company through a structured token subscription agreement. The…
Accenture has acquired YSC Consulting, a CEO advisory and leadership consultancy that helps organizations align leadership strategies with their business goals to achieve transformational change. Terms of the transaction were not disclosed. The acquisition strengthens Accenture’s capabilities to advise the CEO, C-Suite, and Board with solutions to boost performance and build leadership teams for the future,…
IIT Delhi based Alt Mobility, a commercial fleet leasing platform announced the launch of ‘Elektrowagen’ – a structured finance solution to mobilize low cost debt finance from domestic and international financing institutions for electrification of commercial fleets in India. Under this structure, the Company has signed MoUs with two non-banking financing institutions (NBFCs) focused on electric vehicle…
Fat Tiger an Indian home-grown restaurant announced their recent expansion plans. The company in the course of the next 3 years will be increasing its offline presence by launching 200 offline outlets. Brand currently have 50+ outlets in 22 cities. Fat Tiger is a modern restaurant serving internationally acclaimed beverages and skill-fully made momos to…
Kennect, a Delaware and Mumbai-based Software-as-a-Service sales acceleration start-up, has raised $700k in seed funding led by FortyTwo VC. FortyTwo VC is a Dallas, Texas-based venture fund with an investment focus on disruptive enterprise tech opportunities. Kennect’s no-code platform allows enterprises to design, simulate and automate their incentive plans. The startup aims to become the preferred…
JSW Neo Energy (JSW Neo), a wholly owned subsidiary of JSW Energy has agreed to acquire a portfolio of 1,753 MW of Renewable Energy generation capacity from Mytrah Energy (India) Private Limited comprising of 17 SPVs and 1 Ancillary SPV. Necessary definitive agreements have been signed between the parties. The transaction is subject to approval…
Cell therapy company Eyestem announced it has raised $6.4 million in a Series A funding round led by Biological E. Limited (BE), Alkem, NATCO and Anurag and Karan Bagaria, promoters of Kemwell Biopharma. Existing investors Endiya Partners and Kotak Private Equity also participated in the current funding round. Post this funding, Eyestem is valued at…
Edtech unicorn upGrad announced it has raised $210 million in a fresh funding round from marquee investors. upGrad, in a statement, announced that it has raised $210 million in a round that saw participation from ETS Global, Bodhi Tree, Kaizen Management Advisors and others. Moreover, the founder group also invested $12.5 million in this round to…
Scripbox, an online wealth management platform, has made a strategic investment in Wealth Managers, a Pune-based wealth advisory platform, according to ETtech report. This is expected to bolster its geographical presence, expand customer base and offer digital solutions to Wealth Managers’ clientele, the report said. “In this business, brand and trust matters. The customers of…
Accenture has agreed to acquire Romp, a brand and experience agency in Indonesia renowned for its creative talent and innovative services across branding, creative and performance marketing. The move will strengthen Accenture Song’s (formerly Accenture Interactive) ability to deliver creative and tech-driven brand experiences for clients across Southeast Asia, a statement said. Ranked as one of Indonesia’s top three…
Tata Passenger Electric Mobility Limited (TPEML), a subsidiary of Tata Motors Ltd, and Ford India Private Limited (FIPL), have signed a Unit Transfer Agreement (UTA) for the acquisition of FIPL’s manufacturing plant situated at Sanand, Gujarat, which inter-alia includes: (i) entire land & buildings; (ii) Vehicle Manufacturing Plant along with machinery and equipment situated therein;…