Taisys, headquartered in Taiwan is strategizing a $100 million investment in its Indian Subsidiary to spearhead crucial chip design initiatives aimed at advancing the automotive industry. Taisys India is a leading technology company pioneering connectivity and mobility solutions in India. As the world’s fourth-largest, India’s automotive industry is poised to play a crucial role in the…
LTIMindtree, a global technology consulting and digital solutions company, signed a Memorandum of Understanding (MoU) with Eurolife FFH, a leading insurance company in Athens, Greece powered by Fairfax Digital Services, to establish first-of-its-kind Gen AI and Digital Hub in Athens and dedicated facilities in Poland, Europe and Mumbai, India. The MoU was signed by Sudhir Chaturvedi,…
Indic Wisdom, an agri-produce startup raised ₹4 crores in Pre-Series A Round led by Inflection Point Ventures. Mahendra Sankhe, Launch Capital, Bifco Finance, and other HNIs also participated in the round. The funds will be utilized to enhance the brand’s visibility, expand its distribution network, and build production capacity toward increasing market presence and operational…
Universal Music Group (UMG), the world-leader in music-based entertainment, and Dundee Partners, the investment office of the Hendel family, announced that UMG will acquire a 25.8% interest in Chord Music Partners (Chord) for US$240 million, in a deal that values Chord at US$1.85 billion. Chord, which was formed in 2021 by KKR and Dundee Partners, is a…
Accenture has agreed to acquire GemSeek, a leading customer experience analytics provider helping global businesses understand customers through insights, analytics and AI-powered predictive models. The acquisition underscores ongoing investment by Accenture Song—the world’s largest tech-powered creative group—in data and AI capabilities to help clients grow their business and sustain relevance with customers, a statement said.…
Electric two-wheeler firm Pure EV said it has raised USD 8 million (around Rs 66 crore) from a consortium of investors, according to PTI report. The funding was led by Bennett Coleman and Company Ltd, Hindustan Times Media Ventures, alongside Ushodaya Enterprises Pvt Ltd, existing investors and high net-worth individuals, Pure EV said in a…
Peoplefy, a premier provider of Talent Hiring / RPO (Recruitment Process Outsourcing) solutions, announced its strategic expansion into the Delhi NCR region, marking a significant milestone in the company’s growth trajectory. With its headquarters in Pune and established offices in Hyderabad, Bengaluru and Mumbai, Peoplefy’s decision to venture into Delhi underscores its commitment to addressing the evolving talent needs of its…
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…