MoEngage, the insights-led customer engagement platform, announced that it has raised $77 Million in Series E funding. This round is led by Goldman Sachs Asset Management and B Capital, with participation from the company’s existing investors Steadview Capital, Multiples Alternate Asset Management, Eight Roads Ventures, and Matrix Partners India. This is the third round of funding raised…
Reliance Brands Limited (RBL) and Plastic Legno SPA have signed a joint venture arrangement through which RBL will acquire a 40% stake in Plastic Legno SPA’s toy manufacturing business in India. This investment by RBL serves a dual purpose, bringing in vertical integration for RBL’s toy business and helping diversify the supply chain with a…
Dalberg, a social impact advisory group has acquired Ravel Innovation, a Singapore-based company which designs, builds, and runs an ecosystem of innovation communities and corporate innovation programs, to help clients broaden and deepen their impact globally. This new offering will combine the expertise of both organizations and strengthen Dalberg’s capabilities to help governments, NGOs, progressive corporations,…
Accenture has agreed to acquire Allgemeines Rechenzentrum GmbH (ARZ), a technology service provider focused on the banking sector in Austria. The acquisition will expand Accenture’s cloud-based banking platform-as-a-service offerings, ranging from core banking services to online banking as well as regulatory services for banking clients across Europe, a statement said. ARZ is majority-owned by Volksbanken Group…
Bengaluru headquartered business accounting platform Vyapar has acquired SaaS startup NeoDove for an undisclosed amount. This is Vyapar’s first acquisition with which it hopes to further strengthen and step up its efforts to cater to the SME sector, a statement said. “Building on our six years of success, the acquisition of NeoDove is our next…
Shutterstock, Inc., a global creative platform for transformative brands and media companies, announced the acquisition of Splash News, one of the world’s leading entertainment news networks for newsrooms and media companies. A leading source for image and video content across celebrity, red carpet and live events for over three decades, Splash News is an industry…
OMC Power announced its new partnership through a Share Subscription Agreement with Chubu Electric Power Co. Inc., a leading Japanese energy utility. As their first-ever investment in India, Chubu Electric will support the OMC Power’s expansion of green energy production, storage, and distribution portfolio in rural India. This will complement the efforts being made towards decarbonization…
SUGAR Cosmetics (SUGAR), an omnichannel beauty company, announced the close of its $50 million Series D fundraise led by the Asia fund of L Catterton, the largest global consumer-focused private equity firm. The upsized round saw strong interest from multiple private equity funds with continued participation from existing investors – A91 Partners, Elevation Capital, and India Quotient – firmly placing the…
Synaptic, an alternative data insights start-up, announced the successful closure of $20 million in Series B funding round led by Valor Equity Partners. Synaptic combines the best of technology, machine learning, and finance to bring sophisticated alternative data insights to decision-makers. “The amount of data generated by the world grows exponentially every year and can be…
DaveAI, a virtual AI avatar led sales experience platform announced a strategic round of investment led by Maruti Suzuki India Ltd., GHV, and Hakuhodo Inc. The round also saw participation from existing investors Mumbai Angels Network and IIIT Seed fund. Talking about the investment, Sriram P H, Co-founder & CEO said, “This strategic round of investment will…
As part of its growing in-house digital engineering capabilities, Airtel is looking to set up a new technology center in Pune. This will be Airtel’s fourth digital technology hub in India and first in the Western region to support its strategy to pivot to a digital services company, especially as 5G services are on the…
JITO Angel Network (JAN), the only global community-based Angel network in India, has invested an undisclosed amount in observability platform KloudMate in a pre-seed funding round. KloudMate, a deep tech platform founded by Amitava Saha, Pranab Buragohain and Bidyut Baruah, detects performance bottlenecks in serverless applications, identifies errors and helps developers fix issues in a…
Tata Passenger Electric Mobility Limited (TPEML), a subsidiary of Tata Motors Ltd, and Ford India Private Limited (FIPL), have today signed a Memorandum of Understanding (MOU) with the Government of Gujarat (GoG) for the potential acquisition of FIPL’s Sanand vehicle manufacturing facility including (i) Land & Buildings (ii) Vehicle Manufacturing Plant, Machinery and Equipment and…
Sportskeeda, the new age sports & esports media brand, announced it has established its 100% owned subsidiary in the US by the name of Sportskeeda Inc. Speaking on the establishment of Sportskeeda Inc, Porush Jain, Founder & CEO, Sportskeeda said, “We are extremely confident that Sportskeeda has the right mojo to win. Over 40% of our users now come…
Triton EV, a US-based EV company, announced it has established its comprehensive Research and Development (R&D) Center facility in Kheda, Anand District near Ahmedabad, Gujarat. The facility is 1 Lakh 50 Thousand square feet in area. And will become the global centre of Triton EV’s entire R&D activities which includes Triton EV Trucks, Triton EV…