Gardening-focused hyperlocal marketplace Urvann has raised Rs 3 crore in a seed funding round led by angel investment platform Inflection Point Ventures (IPV), according to PTI report. The capital raised by the company will be used for the expansion of operations, according to a statement. Urvann is a hyperlocal marketplace for plants and gardening products.…
Evolved By Nature, the US-based startup creating a proprietary library of Activated Silk molecules from natural silk protein, announced it closed $120M in Series C financing led by Teachers’ Venture Growth (TVG), part of the C$242 billion Ontario Teachers’ Pension Plan Board, and Senator Investment Group, with participation from existing investors including Mousse Partners, Chanel, Jeff Vinik, The Kraft Group, Roy…
UPL Ltd. (UPL), a global provider of sustainable agricultural solutions and Bunge, a global leader in agribusiness, food, and ingredients, have announced a new partnership to increase productivity, profitability and sustainability for farmers in Brazil. UPL and Bunge will establish Orígeo, a new company providing end-to-end solutions to farmers in Brazil’s MAPITOBAPA macro-region, drawing on…
Bengaluru-based ‘Move-to-Earn’ (rewarding users for engaging in physical exercises) startup Fitmint has announced raising seed funding of $1.6 million from multiple VCs and institutional investors, according to PTI report. The funding round was led by venture capital firm General Catalyst, and it also witnessed participation from iSeed, Kearny Jackson, Dweb3 and 1947 Rise, among others.…
Commercial electric vehicle (EV) startup Turno announced that it has raised USD 3.1 million in new equity funding round led by Stellaris Venture Partners, along with Avaana Capital, according to ETAuto report. Launched in April 2022 in Bengaluru, Turno claims to have captured 75% market share in the retail cargo three-wheeler segment in the city…
Progcap, a New Delhi-based Business-to-Business (B2B) lending platform, has raised $40 million, in an extension of its Series C funding round, according to ETtech report. Existing investors Creation Investments, Tiger Global Management and Sequoia Capital led the funding round, with Google joining in as a new investor. The company raised $30 million in the first…
Accenture has entered into an agreement to acquire XtremeEDA, an Ottawa-based silicon design services leader. The company provides semiconductor engineering services for clients seeking custom silicon solutions used in consumer devices, cloud data centers, machine learning and artificial intelligence (AI) computational platforms to enable edge AI deployment. The terms of the acquisition were not disclosed. The acquisition…
Global AI and analytics leader SAS has acquired Honolulu-based Kamakura Corporation. Kamakura provides specialized software, data and consulting that helps financial organizations across the spectrum – banks, insurance companies, asset managers, pension funds and more – manage a variety of financial risks, a statement said. “This acquisition is an extension of tremendous investments already made…
L&T Technology Services Limited, a global engineering services company, inaugurated its Engineering Design Centre (EDC) in Toulouse, France, to initially cater to the new age digital requirements of the global aerospace and defence sectors. The EDC will initially focus on developing cutting-edge solutions for the aerospace and defence industries and LTTS will work with major…
Cipla Limited (Cipla) announced that it has agreed to acquire additional stake for INR 25.90 cr. in digital tech company GoApptiv Private Limited (hereinafter referred as “Goapptiv”) and post completion of the deal, Cipla’s total stake in GoApptiv will increase to 22.02% on a fully diluted basis. The investment will be made in equity shares…
Hyderabad based conglomerate INCOR Group and Renovis Labs, have entered into a new JV ‘INCOR Renovis’. The new company will focus on developing cost effective and green technologies in the areas of Human health, Animal health and Agriculture and will work towards making India self-reliant in manufacturing medicines under the AatmaNirbhar Bharat Abhiyan. One of the major problems…
Asia Pacific’s premier corporate services provider, Acclime, has announced its strategic expansion into India with the acquisition of leading corporate services consultancy, Concept International Business Consulting (CIBC). This deal and identification of the right partner has been facilitated with India’s Wodehouse Capital as their strategic advisor. Acclime is the premier corporate services provider in Asia, operating in…
Kitchen appliances company TTK Prestige announced the progress on strategic investment and business collaboration with Ultrafresh, an end-to-end modular kitchen solutions provider. The initiative ties-in with TTK Prestige’s overall goal of becoming a total kitchen solutions brand. TTK Prestige has taken a strategic stake of over 40% in the equity Ultrafresh to forge the business…
Swedish multinational engineering company Sandvik has signed an agreement to acquire 100% of the equity interests of the Portugal-based company Frezigest, SGPS (Frezite). The company will be reported within Walter, a division within Sandvik Manufacturing and Machining Solutions, a statement said. “With the acquisition of Frezite, we take another important step in our shift to growth…
Dr. Reddy’s Laboratories Ltd. announced that it has acquired a portfolio of branded and generic injectable products from Deer Park, Illinois, based Eton Pharmaceuticals, Inc. The portfolio includes the Biorphen (phenylephrine hydrocholoride) Injection and Rezipres (ephedrine hydrochloride) Injection NDAs with nine separate combinations of strengths and presentations and one firstto-file approved ANDA for Cysteine Hydrochloride…