The board of Aditya Birla Fashion and Retail Limited (ABFRL) in its meeting approved raising of up to Rs.2,195 Cr. by way of preferential issuance of equity and warrants to an affiliate of GIC, Singapore’s sovereign wealth fund (GIC). GIC will invest Rs. 770 Cr. now towards subscription of equity and warrants, followed by up…
FMCG firm Marico Limited (MARICO) has announced a strategic investment in HW Wellness Solutions Private Limited with an acquisition of ~54% equity stake through primary infusion and secondary buyouts. Co-founded by Puru Gupta and Sreejith Moolayil, HW Wellness Solutions Private Limited owns “True Elements”, a clean label, digital-first brand playing in the rapidly growing healthy…
HappyEasyGo, an online travel agency (OTA Platform), currently invested by Samsung Venture Investment, Korea Investment Partners Co. Ltd., M&S Partners Pte. Ltd., CVC Capital Partners, and UOB Venture Management, has raised new funding from its existing shareholders. The funding is backed by the encouraging business trends in the travel industry in the Indian market. Recently, there…
Bengaluru-based self-driving vehicle startup Minus Zero announced it has raised $ 1.7 million in a funding round led by Chiratae Ventures. JITO Angel Network and senior executives from tech companies like Nvidia, and Lyft also participated in the funding round. The funding will be primarily utilized for building an extensive autonomous vehicle research and development,…
Integrated business-to-business (B2B) sales intelligence and engagement platform, Apollo.io, said it will invest over $30 million in India over the next two years, according to ETtech report. It will open its first office space in India, in Bengaluru, to house a growing R&D team, and hire over 100 R&D engineers in the coming months, the…
Hyundai Motor Group (the Group) announced it has entered into an agreement with the State of Georgia to build its first dedicated full electric vehicle and battery manufacturing facilities in the U.S. The Group’s U.S. investment decision will support its goal of becoming a leader in electric mobility in the U.S. market. It also highlights the Group’s…
Marwari Catalysts’ Portfolio Startup, XOOG has raised USD 150K in their pre-seed round with a series of institutional and individual investors investing in the startup. The strategic investors who participated in this round were Seetharaman Thiruvenkatam, Kavitha Seetharaman, Prasad Prabhakaran and Prashanth Prabhakaran. The round also saw further participation from existing investor Marwari Catalysts, India’s fastest growing startup…
KPIT Technologies Ltd, a global partner to the automotive and mobility ecosystem for making software-defined vehicles a reality, announced the strengthening of its presence in the US with a new software excellence center in Michigan. This move will accelerate software-defined vehicle development for mobility OEM giants and Tier 1s within the US, a statement said.…
Ageas, an international insurance Group, announced that it has signed an agreement to buy the 25% stake of IDBI Bank in the Indian Life insurance joint venture Ageas Federal Life Insurance Company Ltd. (AFLIC). With this transaction, Ageas will increase its interest in the joint venture it currently operates together with IDBI Bank and Federal…
Wingreens Farms, a packaged food company, announced its acquisition of a 100% stake in Bengaluru-based snack foods startup, Postcard, earlier this week. Postcard, founded by Ashish Nichani and Sudarsan Metla in 2019- brings consumers specialty food from different parts of India, retaining authentic local flavours, while empowering local artisans and the supply chain, the statement…
Internshala, a career tech platform for college students, raised an undisclosed amount in the Series A funding round from LC Nueva Investment Partners that raised the investment through their venture capital fund – LC Nueva Alternative Investment Fund (AIF). Vijay Datt, Founder, Promoter, and CEO of Citadel Management Consulting, also participated in the funding and…
The Global Chamber of Business Leaders expands its global footprints and announces the commencement of the India Office in Delhi NCR, Gurugram earlier this month. The Chairman of the Global Chamber of Business Leaders – Dejan Stancer, has appointed Gagan Arora, Founder & President of Vertex Group and Global Chamber of Business Leaders’ Delegate for…
Jungle Ventures, a Singapore-based venture capital firm, announced it has closed its fourth fund. Fund IV totals $600 million, with $450 million for new investments and $150 million earmarked for follow-up investments in its portfolio companies. Jungle Ventures was founded in 2012 by Amit Anand and Anurag Srivastava. The fund’s close brings Jungle Ventures’ total…
Smytten, a tech-enabled product discovery & trial platform, has raised INR 100cr in Pre-Series B led by Fireside Ventures and Roots Ventures. The round also saw participation from Sharrp Ventures (Harsh Mariwala family office), Waao Partners (Pratul Shroff Family Office), Survam Partners (Munjal Family Office) and Sattva Group Family Office. The new investment will primarily be…
Capgemini announced that it has entered into a share purchase agreement (SPA) to acquire Chappuis Halder & Cie (Chappuis Halder), a global strategy and management consulting firm specializing in the financial services industry. With Chappuis Halder’s specific industry focus, this acquisition will strengthen the Group’s capabilities to advise Banking, Wealth Management and Insurance clients in North America, Europe and South-East Asia, in shaping the future of their business and driving transformation through technology, a statement said. Headquartered in Luxembourg, Chappuis Halder is…