IndiaMART, a B2B marketplace, via its wholly owned subsidiary Tradezeal Online Private Limited, has made an investment of approximately INR 7.5 Crores to purchase compulsorily convertible debentures (CCDs) of Truckhall Private Limited (Superprocure). Superprocure is a SaaS platform that digitizes the entire freight sourcing and dispatch monitoring system of the logistics department of an organization.…
KKR, a global investment firm, and Shriram General Insurance Company, a general insurance company backed by Indian financial services conglomerate Shriram Group and pan-African financial services group Sanlam, announced the signing of definitive agreements under which, subject to the receipt of the necessary regulatory approvals, KKR will acquire a 9.99% stake in Shriram General Insurance. KKR’s investment will position Shriram…
Mindtree, a global technology services and digital transformation company, announced that it has made a strategic investment in COPE Health Solutions, a US-based healthcare consulting, implementation, and co-management leader in value-based care and payment, workforce development and data analytics, to expand its healthcare business. Based in Los Angeles and New York, COPE Health Solutions works with…
HDFC Bank announced investment in India Debt Resolution Company Limited (IDRCL), a debt management and resolution services company. IDRCL was incorporated in 2021. According to the company’s exchange filing, “We wish to inform you that HDFC Bank Limited (the “Bank”) has signed an agreement on March 28, 2022 for investment in India Debt Resolution Company…
Harmony (ONE), the open and fast blockchain invests in LootMogul, the multiverse blockchain gaming platform for sports influencers and fans to engage. Sports influencers from NBA, WNBA, NFL, MLB, NHL, ICC, Olympics, College, High-School etc. lead the fan engagement model in LootMogul’s metaverse through gaming, creating sports arenas/lands, gaining unrivaled experiences with star celebrities, earn…
SC Soft Pte. Ltd., an Aurionpro Subsidiary, announced setting up of a wholly owned subsidiary in Istanbul, Turkey. The subsidiary, named as SC Soft Information Technology Consultancy Ltd, which will be based in Istanbul, Turkey will primarily focus on the smart mobility segment, particularly Automated Fare Collection (AFC) business and will cater to the rapidly…
The Board of Godrej Properties Ltd. (GPL) announced it has approved a potential investment in DB Realty Limited (DBR) and also the setting up of a special purpose vehicle along with DBR to jointly undertake slum rehabilitation and MHADA redevelopment projects. GPL will subscribe to warrants convertible into Equity Shares aggregating to approximately 10% of…
Qraft Technologies, Inc. (Qraft), an Artificial Intelligence (AI)-based fintech company, announced that it has closed an investment of $146 million from SoftBank Group Corp, which includes primary development capital and secondary capital that will be used to finance the purchase of shares by investors. The proposed transaction is expected to accelerate Qraft’s current expansions in the…
AscentHR, an HR Operations services and technology company, announced it has invested to acquire majority stakes in nFactorial, a HR analytical sciences company that provides a platform to discover employees’ moments of truth that are critical to an organization’s success. AscentHR will be taking this platform to the market exclusively and continue to enhance the…
Amara Raja Batteries Limited, India’s industrial and automotive battery major, announced plans to invest in InoBat Auto (InoBat), a European technology developer and manufacturer of premium innovative batteries for E-mobility. The initial investment will give Amara Raja a key foothold in the thriving European EV ecosystem, where multiple battery gigafactories are being set up to…
Unicommerce, India’s e-commerce-focused supply chain SaaS platform, has decided to invest USD 5 million to strengthen its international operations and further expand its presence in the Middle-east and Southeast Asia. The company has been consistently investing and acquiring new clients across the Middle-east and will continue to forge more strategic partnerships in the coming months. After becoming an undisputed leader in India, Unicommerce aims at…
Food delivery startup Swiggy to invest $700 million in its quick commerce business, Instamart, according to TNN report. “At our current growth trajectory, Instamart is set to reach an annualised GMV run rate of $1 billion in the next three quarters. With our food delivery business trending at a $3 billion annualised GMV run rate,…
Indifi Technologies, an online lending platform, has announced that it has secured Rs 340 crore in series D funding round. The announcement informed, “The funding includes an equity component of Rs 140 crore led by CX Partners and OP Finnfund Global Impact Fund I, and Rs 200 crore in debt financing from Vivriti, Northern Arc,…
Biotechnology startup Tiamat Sciences has announced its $3 million seed financing round led by Silicon Valley venture capital firm True Ventures with participation from Social Impact Capital and Cantos. “Our technology can help to promote animal-free alternatives not only for food but also for the pharmaceutical industry,” said France-Emmanuelle Adil, founder and CEO of Tiamat…
Verbit, a voice AI transcription and captioning company, has announced that it has closed its Series E funding round at $250 million, after securing a $150 million primary investment and $100 million in secondary transactions. The round was led by a $200 million investment by Third Point Ventures, with additional participation by existing investors Sapphire…