Degreed announced the acquisition of talent academy platform, Learn In, and the return of Co-founder David Blake as CEO. Blake was previously the Co-founder and CEO of Learn In. Learn In helps companies establish internal talent academies that bring together all the resources needed for building a highly skilled workforce, including the longer journey of developing…
Malpani Group (MPG), a Maharashtra based diversified business group with leading presence in amusement park business, has acquired majority stake and control in Imagicaaworld Entertainment Ltd. (Imagicaa). The lenders to the Company have completed a debt resolution for Rs. 575 crore, which includes assignment of their debt to Aditya Birla ARC for Rs. 500 crore…
HCL Technologies (HCL), a global technology company, announced the opening of its new delivery center in Vancouver, Canada. The new center will significantly expand its presence in the country to serve clients primarily in the HiTech industry. The new, nearly 9,000-square-foot facility will be a state-of-the-art center enabling faster and streamlined delivery of innovative technology…
Lithium-Ion Battery recycling start-up BatX Energies Pvt. Ltd., raised $1.6 million (about Rs 13 Crores) in seed funding round led by JITO Angel Network. The investment will expand the start-up’s footprints in the Indian and International markets. With a key focus on investment towards advanced R&D for producing battery-grade materials, scaling up their capacity, and…
MulticoreWare Inc., a global software company that develops machine learning, compilers, and video compression software addressing Security & Surveillance, Media & Entertainment, and Autonomous Vehicle market segments, announced the inauguration of its new office and delivery centre in Coimbatore. The office was inaugurated in the presence of the leadership team including Arun Ramanathan, Vice President…
Laminate manufacturer Greenlam Industries Ltd. has acquired the laminate manufacturing facility of Gujarat based Bloom Dekor Limited in an INR 36.0 crore deal. With this acquisition, Greenlam will now have four strategically located laminate manufacturing facilities in India, situated at Behror (Rajasthan), Nalagarh (Himachal Pradesh), Naidupeta (Andhra Pradesh – Under Construction) and now Prantij (Gujarat).…
SUN Mobility, a provider of energy infrastructure and services for electric vehicles (EVs), announced the launch of its battery-swapping network for electric vehicles in Mumbai, Maharashtra, in collaboration with Amazon India. With the first set of stations placed at Amazon’s sites in Mumbai and Pune, SUN Mobility plans to deploy over 2000 battery swapping points…
Logistics services provider Delhivery has announced plans to expand its infrastructure in two key cities of Bhiwandi (Greater Mumbai) and Bangalore. Delhivery is collaborating with Welspun on a 7 Lakh sq ft mega-gateway in Greater Mumbai and with GMR for a 1 Million+ sq ft facility in Bangalore. The Bangalore facility also includes a warehouse…
Decimal Point Analytics (DPA), a leading financial research and analytics firm, secured an investment of $ 4.7mn from a global insurance company in the GCC region. This is in line with the growth strategy and expanding DPA’s geographical presence across the globe, a statement said. The capital raised will build DPA’s delivery capability, strengthen the…
Fintech startup FinBox has raised $15 million in a funding round led by A91 Partners. Aditya Birla Ventures and Flipkart along with existing investors Arali Ventures also participated in the funding round. The company will use the fresh infusion to expand its offering in Southeast Asian markets and double its staff from 85 currently, it…
DBS Bank India Limited announced that it has acquired a 9.9% stake in Svakarma Finance, a non-banking finance company, for delivering relevant financial solutions to micro enterprises through a combination of direct lending and co-lending. DBS Bank India’s strategy for its expanded franchise across 300+ locations and 500+ branches envisages significant growth in SME and…
Cross-border payments startup PayGlocal has raised $12 million funding co-led by Tiger Global and Sequoia Capital India. The startup will utilise the funds to scale its business and launch new payment solutions. BeeNext and angel investors like Pine Labs CEO Amrish Rau, Citrus Pay and Jupiter founder Jitendra Gupta, and Cred’s founder Kunal Shah also…
Pharma major Cipla Limited announced that it has signed definitive agreements for acquisition of 21.05% stake for an amount of INR 25 crores (approx.) in Achira Labs Private Limited (Achira) engaged in development and commercialization of point of care (PoC) medical test kits in India. This investment will facilitate a Cipla entity’s strategic participation in…
India’s startup ecosystem enabler, Marwari Catalysts closed its last round at a valuation of $20M, with active participation from existing and new shareholders, Sandeep Gulati (CEO – South Asia & MD – India at Egis), Yogesh Chaudhary (Founder – Jaipur Rugs), NitinSethi (CDO – Adani Group), Ankur Mishra (Director – Central Academy), AshutoshGehlot (Promotor, OS Group) and…
Life Insurance Corporation of India announced it has acquired additional stake in Dr. Reddy’s Laboratories Limited. Post acquisition, the company holds a 5.646 per cent stake in the pharmaceutical major. According to the company’s exchange filing, “Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that…