Category: News

Medtech startup Cardiotrack secures investment from Frontline Strategy Funds

Medtech startup Cardiotrack recently announced that it has secured an undisclosed amount of funding from Singapore-based private equity platform Frontline Strategy Funds. The Pre-Series round of investment also saw participation from other angel investors. The company plans to use these funds to grow its customer base in India and international markets, as per an official…

VC firm Lyra launches second fund backed by TSI Holdings

Singapore-based early-stage venture capital firm, Lyra Ventures recently announced that it has launched a Japan-backed global second fund. Japanese fashion conglomerate TSI Holdings will be a key investor in this fund. However, the company did not disclose any financial details. Lyra Ventures, which was formerly known as Start Today Ventures, said that the new fund…

Hilti enters agreement to acquire startup Concrete Technology

Hilti, a global leader providing innovative tools, technology, software and services to the commercial construction industry, announces the acquisition of the assets of Concrete Sensors, a provider of connected devices, software and services that help enable improved decision making and accelerated construction schedules through better understanding of the concrete curing process.  This agreement extends Hilti’s…

Amazon extends work from home advisory for employees

E-commerce giant Amazon Inc recently announced that it has extended its work-home-home advisory to include employees in New York and New Jersey. The move is aimed at lowering the risk of coronavirus transmission among the employees. In an official statement, the company said, “We continue to work closely with public and private medical experts to…

Bentley Systems to acquire SaaS software innovator GroupBC

Bentley Systems, a leading global provider of comprehensive software and digital twins services for advancing the design, construction, and operations of infrastructure, announced the acquisition of GroupBC, a leading UK SaaS software innovator.  For over two decades, GroupBC’s and Bentley’s software solutions have been deployed for complementary purposes to improve project and asset information management.…

Gates Foundation and Wellcome Trust with Mastercard launch $125mn fund towards COVID-19 treatments

Microsoft founder’s The Bill & Melinda Gates Foundation along with Wellcome Trust and Mastercard recently announced a new fund to accelerate technologies designed to identify, assess, develop and scale treatments to the COVID-19 epidemic. According to an official statement, The COVID-19 Therapeutics Accelerator will evaluate new and repurposed drugs and biologics to treat patients with…

KarbonCard raises $2mn through funding round

Corporate card startup KarbonCard recently announced that it has raised $2mn through seed round of funding. The funding was made by a clutch of angel investors across India and China. Fintech startup Cred’s founder Kunal Shah, Amrish Rau (CEO of Pine Labs) and Jitendra Gupta (Founder of Amica Financial Technologies) are among the investors who…

PepsiCo to acquire energy beverage maker Rockstar for $3.85 bn

PepsiCo, Inc. announced that it has entered into an agreement to acquire Rockstar Energy Beverages, the popular energy drink maker, for $3.85 billion. “As we work to be more consumer-centric and capitalize on rising demand in the functional beverage space, this highly strategic acquisition will enable us to leverage PepsiCo’s capabilities to both accelerate Rockstar’s…

Grasim Industries wins Golden Peacock Award for CSR 2019

Grasim Industries Limited, a flagship company of $ 48.3 billion Aditya Birla Group has been named as the winner of the prestigious Golden Peacock Award for CSR in the Textile and Apparel sector for the year 2019. Golden Peacock Awards, instituted by the Institute of Directors (IOD), India in 1991, are now regarded as a…

Infosys emerges as a Leader in NelsonHall’s NEAT Vendor Evaluation for Agile and DevOps Services

Infosys, a global leader in next-generation digital services and consulting announced that NelsonHall vendor evaluation and assessment tool (NEAT) has positioned Infosys as a Leader for its Agile and DevOps services. The report also calls out Infosys’ ability to deliver immediate benefits to its Agile and DevOps services clients. For the report, NelsonHall evaluated several…

Cyient gets Pratt & Whitney 2019 Supplier Awards

Cyient, a global engineering and technology solutions company, announced that it has won two Pratt & Whitney supplier awards for 2019. The company won the Supplier Innovation Award for the seventh consecutive year and the Supplier Highest Productivity Award for the fourth year in a row. The awards announced at the annual Pratt & Whitney…

Aon merges with Willis Towers Watson to fuel innovation

 Aon plc and Willis Towers Watson announced a definitive agreement to combine in an all-stock transaction with an implied combined equity value of approximately $80 billion. “The combination of Willis Towers Watson and Aon is a natural next step in our journey to better serve our clients in the areas of people, risk and capital,”…