WSO2, a digital transformation technology company, announced that the company has completed its Series E funding round with the addition of RedStart Labs (India), a subsidiary of Info Edge Limited. The move brings the total growth capital raised to $93 million. Info Edge joins lead investor Goldman Sachs Asset Management Private Credit (‘Goldman Sachs’), which completed the first tranche…
Sun Pharmaceutical Industries Limited (Sun Pharma), announced that one of its subsidiaries, S.C. Terapia S.A., Romania has acquired the Uractiv portfolio from Fiterman Pharma in Romania. The Uractiv portfolio comprises food supplements including minerals, vitamins and adjuvants; cosmetics and medical devices used for maintaining urinary tract health. Uractiv is the No. 1 brand in its…
Aurum PropTech Limited (formerly known as Majesco Limited) has approved the acquisition of 100% shareholding in HelloWorld Technologies India Private Limited for a consideration of INR 38 Crore (‘HelloWorld’), a co-living company, at its Board Meeting held on Wednesday, March 23, 2022. HelloWorld is one of the largest co-living companies in India. HelloWorld provides the…
EdTech platform, Yougami (EkSlate) announced the closing of its pre-seed funding round and raises USD 100K with participation from Marwari Catalysts, Ankur Mishra and Dalpat Bhansali and other strategic investors from the ecosystem. According to the company statement, the startup plans to utilise the amount for expanding its product offering, maximizing technology integration for enhanced…
Preql, a no-code data transformation solution, announced that it has raised $7 million in seed funding, led by Bessemer Venture Partners with participation from Felicis, and top founders in the analytics ecosystem including Taylor Brown from Fivetran, Keenan Rice from Looker, Tristan Handy from Dbt Labs, Eldad Fakash from Firebolt, and Benn Stancil from Mode. Preql’s platform allows…
The Pharma Solutions division of Piramal Pharma Limited, a leading contract development and manufacturing company (CDMO), announced today that at the company’s pharmaceuticals site in Pithampur, Madhya Pradesh, India, a new production block was commissioned. The new production area, known as the V-Block, can process batch sizes from 150 to 600 kilograms and expands the…
L&T Technology Services Limited (LTTS), a global engineering services company, inaugurated its Engineering, Research and Development (ER&D) centre in Krakow, Poland, which will cater to global customers, leveraging cutting edge technologies in the Automotive, Mobility and Hi-Tech domains. The state-of-the-art centre will mark its expansion into Eastern Europe, contributing to the growth of regional economy,…
Babel Finance, a wholesale crypto financial services provider, announced the completion of an $80 million Series B funding round at a valuation of $2,000. million US dollars. Lead investors in this round include Jeneration Capital and 10T Holdings, as well as existing shareholders Dragonfly Capital and BAI Capital. Other investors include Circle Ventures and several family offices in…
Indus Net Technologies (INT.), a full stack software engineering solutions company, announced it will invest more than Rs. 100 Cr. over the next three years to grow its topline by 3X, from existing and new clients. Leading the chart is the plan to add around 2500 experts to its taskforce, across the company’s Technology, Analytics…
NetApp, a global, cloud-led, data-centric software company, announced it has completed its acquisition of Instaclustr, a leading platform provider of fully managed open-source database, pipeline and workflow applications delivered as a service. The acquisition of Instaclustr builds on a series of strategic acquisitions made by NetApp to deliver a comprehensive suite of offerings for Cloud…
KPIT Technologies Ltd, a global partner to the automotive and mobility ecosystem for making software-defined vehicles a reality, announced the acquisition of cloud-based vehicle diagnostics specialist SOMIT solutions. SOMIT enables after-sales operations of high tech luxury and new age OEMs through a cloud-based vehicle diagnostics platform & expert consulting services. Kishor Patil, Co-founder, CEO, and MD, KPIT Technologies, said,…
A5G Networks, Inc., a 5G Core Network Software provider for private and public networks, announced investment by Bharat Innovation Fund, a deep-tech focused venture capital fund in India. This round of financing will be used to expand the team, engage with global customers for mobile network transformation and accelerate growth, a statement said. “We are excited…
DhiWise, a visual programming platform, announced a $2.5 million seed round by India Quotient and Dholakia Ventures. “DhiWise is building a solution that is desperately needed for developers to be more effective and help accelerate the pace of technological advancement. DhiWise is a niche, high impact, and next-gen solution. It is awe-inspiring to see global…
Hotel software provider, IDS Next, has announced the acquisition of India-based ShawMan Software, specialist provider of food & beverage, leisure, and wellness cloud solutions for the hospitality industry. Through this acquisition, IDS Next will be able to accelerate the migration of hotels to full-stack enterprise cloud solutions designed for hospitality groups and chains. ShawMan’s software is highly…
Electric ride-hailing service BluSmart announced it has raised $25 million as part of its extended Series A1 round, according to IANS report. In total, the startup has raised $50.7 million as part of its Series A round. BluSmart said that its EV ride-hailing platform aims to add 5,000 electric cars and scale up its EV…