Fairfax India Holdings Corporation (Fairfax India), a longstanding investor in IIFL Finance Limited (the company), has announced its commitment to provide liquidity support amidst the recent Reserve Bank of India (RBI) embargo effective March 5, 2024, on the company’s gold loan disbursements. The RBI’s embargo has raised liquidity concerns amongst the company’s investors and lenders.…
Atena Equity Partners has acquired a majority stake in the Redshift Group, specialist in cybersecurity and information technology. The acquisition of a 51% stake was completed in partnership with Simon Church, a renowned professional in the cybersecurity field, while the management team remains in company and fully committed to its growth, a statement said. Atena Equity…
Accenture has made a strategic investment through Accenture Ventures, in Tenchi Security, a third-party cyber risk management company. Accenture will leverage Tenchi’s SaaS platform as a new component of its managed security services offering to help organizations reduce cyber risks across their supply chain, a statement said. Based in São Paulo, Brazil, Tenchi Security’s SaaS platform gives organizations better…
Cipla Limited (Cipla) announced that it has agreed to further invest INR 42 crore (approx.) in digital tech company GoApptiv Private Limited (GoApptiv). In line with Cipla’s ambition to strengthen investments in channels of the future, this development will further expand Cipla’s presence across the healthcare continuum, especially to the underserved population by enabling greater…
Accenture announced a strategic investment through Accenture Ventures in Aliro Quantum, a provider of multi-purpose, end-to-end entanglement-based secure quantum networks. The investment will help Accenture and Aliro equip clients with secure quantum networks that establish safe and secure data and communications. Quantum computing uses fundamental physics and math principles to deliver insights and simulations accurately and incredibly fast. This…
Accenture has made a strategic investment, through Accenture Ventures, in Writer, a platform using generative AI to help enterprises create and shape content in the ways people already work. Writer is designed to help organizations deploy AI-driven applications that can increase productivity and drive significant business impact across enterprise functions including support, operations, product, sales, HR, marketing,…
KKR, a global investment firm, announced that funds and accounts managed by its credit business have agreed to provide a £75 million non-recourse financing facility to TalkTalk, a leading value for money connectivity provider in the UK. The facility, which is collateralized by certain accounts receivables originated by TalkTalk and its subsidiaries, replaces a prior £75…
KKR, a global investment firm, announced it is investing approximately $750m to scale Zenobē, a market leader in transport electrification and battery storage solutions, to accelerate the global decarbonisation of diesel fleets and provide grid services that are critical for the decarbonisation of the energy sector. Infracapital, the infrastructure equity investment arm of M&G Plc…
Beams Fintech Fund, India’s first Growth Stage Fintech Fund, has invested an undisclosed amount in a Series B round of $50 million in India’s leading Debt Collection SaaS platform, Credgenics. Beams has invested alongside Westbridge and Accel in this round. Other investors in this company include Tanglin, Tital Capital, and DMI Finance. Founded in 2018 by Rishabh…
Nazara Technologies Limited, a diversified gaming and sports media platform announced an investment of USD 500,000 (approx. INR 4.15 cr) via its wholly owned Singapore subsidiary Nazara PTE Ltd in Israel based game developer Snax Games Ltd. Nazara Technologies has also entered into a publishing agreement with Snax Games through which it has acquired the…
Accenture announced a $3 billion investment over three years in its Data & AI practice to help clients across all industries rapidly and responsibly advance and use AI to achieve greater growth, efficiency and resilience. “There is unprecedented interest in all areas of AI, and the substantial investment we are making in our Data & AI…
Accenture has made a strategic investment, through Accenture Ventures, in SpiderOak, a leader in zero-trust cybersecurity and resiliency solutions for next generation space systems. Based in Reston, Virginia, SpiderOak’s OrbitSecure product suite brings zero trust security to zero gravity environments. OrbitSecure leverages a powerful combination of no-knowledge encryption and distributed-ledger technology in order to meet the unique demands…
Global investment firm KKR announced an agreement to make a growth investment in leading strategic advisory and communications firm, FGS Global. Under the terms of the agreement, WPP plc (“WPP”) will remain the Company’s majority owner and FGS employees will remain substantial shareholders. FGS also plans to expand its employee ownership to include nearly half…
Tube Investments of India Limited announced that it has recently entered into clean mobility, electronics and alternate fuels. “In line with our strategy, the Company has identified contract development and manufacturing organization (CDMO) and active pharmaceutical ingredients (API) as its new line of businesses with the potential to grow and expand,” according to the statement.…
Accenture has made a strategic investment, through Accenture Ventures, in Ocean Genomics, a technology and AI company that has developed advanced computational platforms to assist biopharma companies to discover and develop more effective diagnostics and therapeutics. Based in Pittsburgh, U.S., Ocean Genomics creates software that provides modeling and an understanding of changes and variants in mRNA to enable…