Blue Star Limited, an air conditioning and commercial refrigeration major, announced it has won a Rs 128 crores order from M/s Wistron Infocomm for Mechanical Electrical and Plumbing (MEP) works for their factory expansion project. Currently, this order is one of the largest and fast-track projects, being executed by Blue Star in the factories segment,…
Nexus Venture Partners, Jumbofund, Siddhi Capital, Pimpernal Holdings, Reaction Fund, HNIs and a few industry leaders also participated in the series B2 round.Wholesale online marketplace for Kirana Stores, Jumbotail has raised $11 million in series B2 funding round led by Heron Rock. Nexus Venture Partners, Jumbofund, Siddhi Capital, Pimpernal Holdings, Reaction Fund, HNIs and a…
Persistent Systems, a global solutions company based out of Pune that delivers digital business acceleration and enterprise modernization for businesses across industries and geographies has announced that it has entered into an agreement to acquire CAPIOT, including its subsidiaries in Australia, India and Singapore. Founded in 2014, CAPIOT specializes in enterprise integration with valuable expertise…
Locus, a global B2B Software-as-a-Service (SaaS) company that automates human decisions in logistics, announced that it is investing €2 million in Europe for product and business development. The company’s smart logistics solutions will help reduce carbon emissions and increase operational efficiency. Locus uses deep machine learning and proprietary algorithms to offer smart logistics solutions like…
Piramal Pharma Limited (PPL), a subsidiary of Piramal Enterprises Limited (PEL), announced that it has received INR 3523.40 Crores on closure of the transaction for 20% equity investment from CA Alchemy Investments (formerly known as CA Clover Intermediate II Investments), an affiliated entity of CAP V Mauritius Limited, an investment fund managed and advised by…
Reliance Industries Limited (RIL) and Reliance Retail Ventures Limited (RRVL) announced that GIC will invest ₹ 5,512.5 crore into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of ₹ 4.285 lakh crore. GIC’s investment will translate into a 1.22% equity stake in RRVL on a fully diluted basis.…
Global investment firm Silver Lake Partners to invest an additional Rs 1,875 crore in Reliance Retail Ventures, the retail arm of Reliance Industries Ltd (RIL), the company said in a press statement. “Reliance Industries Limited (‘Reliance Industries’) and Reliance Retail Ventures Limited (‘RRVL’) announced today that co-investors of Silver Lake will invest an additional Rs…
Acko, India’s fastest-growing InsurTech company which specialises in auto insurance, announced that it has invested $1.2 million in Pitstop, a Bengaluru-based car service and repair platform. Acko’s investment is in line with the company’s strategy to improve customer engagement and smoothen the claim settlement process. As per ETtech report, Acko cofounder Ruchi Deepak said that…
Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced that Silver Lake will invest ₹ 7,500 crore into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of ₹ 4.21 lakh crore. Silver Lake’s investment will translate into a 1.75% equity stake in RRVL on a fully diluted…
Therabody, formerly known as Theragun, the global leader in tech wellness and percussive massage therapy, announced that tennis champion and entrepreneur Maria Sharapova has made an investment in the company while joining Therabody as a strategic advisor. In addition to this capital investment, Sharapova will play an instrumental role in supporting the company’s global growth…
Murugappa Group led Tube Investments will be investing Rs 700 crore to acquire 51% stake in CG Power and Industrial Solutions, as per the media reports. The transaction is subject to Tube Investment emerging winner of the Swiss challenge process that the lenders of CG Power will undertake by August 28. This process allows other…
Biocon Ltd, an innovation-led global biopharmaceuticals company, announced that the Board of its subsidiary Biocon Biologics India Limited (Biocon Biologics) has approved a primary equity investment by Tata Capital Growth Fund. As per the terms of the proposed agreement, Tata Capital will invest Rs 225 Crore for a 0.85% minority stake in the biosimilar business,…
UST Global, a digital transformation solutions company, announced a strategic investment in Smart Software Testing Solutions (SSTS) Inc, a software testing and product company. Founded with a mission to create intelligent testing platforms for new age systems, the US-based company helps FORTUNE 1000 enterprises adopt continuous digital validation through its SaaS platforms pCloudy and OpKey.…
Steadview Capital, a leading Asia-focused alternative asset manager that makes concentrated long-term investments in listed as well as unlisted companies across multiple industries, announced that it has invested $85 million, through a secondary transaction, in SaaS major Freshworks, as it bulks up its India portfolio with yet another unicorn, Ravi Mehta, Managing Director of the…
Viasat, a global communications company, announced the closing of a $175 million common stock investment from affiliates of Intercorp, and affiliates of The Baupost Group, L.L.C, Viasat’s largest shareholder. Viasat will utilise the current investment for general corporate purposes, which may include financing costs related to the purchase, launch and operation of satellites, potential acquisitions,…