CoreStack, a global multi-cloud governance provider that empowers enterprises to unleash the power of the cloud, marked the official grand opening of the company’s new state-of-the-art office located in Chennai, expanding its India business operations and the company’s global R&D footprint. To celebrate the office opening, CoreStack hosted its customers, investors, partners and employees at…
Adani Road Transport Ltd (ARTL), a wholly owned subsidiary of Adani Enterprises Ltd (AEL), engaged in development, construction, operations and management of roads and highway projects in India, has entered into a definitive agreement to acquire Gujarat Road and Infrastructure Company Ltd (GRICL) (owned 56.8% by Macquarie Asia Infrastructure Fund) and Swarna Tollway Private Ltd…
Smart Ship Hub, the maritime digital B2B platform (SaaS) headquartered in Singapore, has completed a pre-funding round of $2.5 million, led by Ideaspring Capital and StartupXseed. Smart Ship Hub(SSH) is ready to deploy digital platform for global maritime logistics. SSH is disrupting the maritime industry in the same way that electronic control systems did in the…
Supply chain finance platform CredAble has raised $9 million in a fresh funding round from Axis Bank. Existing investor Oaks Asset Management also participated in the funding round. Post funding, Axis Bank will acquire a 5% stake in the startup. The funding will be used to scale its growth plans. Founded by Nirav Choksi…
SaaS startup Crest announced it has received an undisclosed amount of fresh capital from Deep Bajaj, Co-founder of feminine hygiene brand Sirona and Diksha Pande, Co-founder of the leading QSR brand Samosa Party. Founded in January 2022, Crest is a fully automated inventory planning software focused on helping D2C brands and SMBs with their supply chain requirements.…
Cielo, the world’s leading talent acquisition partner, has opened its first office in India. The new workspace in Gurgaon, just southwest of New Delhi, is a critical milestone for Cielo’s expansion into the Asia Pacific region. Cielo’s team in India offers innovative and proven solutions in talent acquisition for various organizations in the IT, engineering, life sciences, automotive and…
Semtech Corporation, a global supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms, and Sierra Wireless, Inc., a world-renowned Internet of Things (IoT) solutions provider, announced a definitive agreement under which Semtech will acquire all outstanding shares of Sierra Wireless for US$31 per share in an all-cash transaction representing a total enterprise value of…
Lineage Logistics, LLC. (Lineage), the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, announced it has acquired leading New Zealand cold storage business, Cold Storage Nelson Limited (CSN). Financial terms of the transaction were not disclosed. “CSN has industry-leading skills in inventory control, compliance and traceability,” Jeff Rivera, Lineage’s Global Chief…
VOIZ – a marketplace for gig work professionals has raised seed funding of Rs ~15 crores ($ 2 million) led by Omidyar Network India with participation from other investors. The company will use the funds to scale up its technology, on-board more talent on the platform, and expand their market presence. Founded by Rajesh Bernard, Vineet Patil,…
Accenture has acquired Tenbu, a cloud data firm that specializes in solutions for intelligent decision-making and planning through areas such as analytics, big data and machine learning. With more than 150 certifications, Tenbu’s team of 170 data specialists will join the Data & AI team within Accenture Cloud First. Terms of the acquisition were not disclosed. “Our goal is…
SG Analytics, a Global Insights & Analytics firm, opened its new office in Berkeley Square Park, London, as part of its global growth strategy and scale-up efforts. Set in the heart of London’s business activities, SG Analytics’ new office in Berkley House will assist with the company’s growth in 2022 and beyond. The new office at…
Terralogic Software Solutions, a global leader in cybersecurity, IT, and software services, has announced the acquisition of Codebele, a Bellari-based software development company. This is a very strategic acquisition for Terralogic to increase their software development services, and they’ve deemed that Codehive IT Solutions (Codebele) is the ideal firm to partner with as they expand…
Dravstream Technologies Pvt. Ltd. – SportVot, a SportsTech company raised an undisclosed seed round led by Ankur capital. Other investors included Capital A, SucSEED Indovation Fund, and Marwah Sports. SportVot is a hyperlocal sports platform that aims at creating an online channel to stream sports events and help discover sports talent from the grassroots of India…
InCred and KKR announced the conclusion of the strategic merger of InCred Financial Services Limited (InCred Finance) and KKR India Financial Services Limited (KIFS). Commenting on the closure of the deal, Bhupinder Singh, Founder and CEO of InCred Group, said, “InCred Finance’s business has emerged in great shape from the pandemic delivering top notch risk performance.…
Neiman Marcus Group (NMG), the U.S. integrated luxury retailer that includes Neiman Marcus and Bergdorf Goodman, inaugurated its new Global Capabilities Center (NMG|GCC) in Bangalore. NMG, with its more than 10,000 associates, offers its customers the most exclusive products from the world’s most desirable brand partners. The company delivers exceptional products and intelligent services that are…