I Squared Capital, an independent global infrastructure investor, announced that a consortium of Japanese investors will become strategic minority shareholders in the Natural Gas Transition Platform (the Platform), a Singapore-based holding company with investments in Indian city gas distribution networks that develop and operate Compressed Natural Gas (CNG) stations for vehicles, pipe natural gas to…
MidOcean Energy (MidOcean), a global liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, announced a strategic investment by Mitsubishi Corporation (Mitsubishi Corp). Mitsubishi Corp’s investment will accelerate MidOcean’s strategy to create a high quality, diversified, global ‘pure play’ integrated LNG company, a…
Rimkus Consulting Group, Inc. (Rimkus), a worldwide leader in engineering and technical consulting, announced that the firm has received a strategic growth investment from HGGC, a leading middle-market investment firm. Existing minority investor Century Equity Partners and the Rimkus management team will be rolling significant equity into the transaction. Financial details of the deal were not disclosed. “We are…
AngloGold Ashanti plc (AGA) announced that it intends, subject to execution of definitive documentation and satisfaction of customary conditions, to subscribe for 24,500,000 common shares in G2 Goldfields Inc. (G2) at C$0.90 per share for total consideration of C$22,050,000. Following completion of the Subscription, AGA will own approximately 11.7% of G2’s issued and outstanding Shares. G2…
Natural Capsules Limited announced a strategic investment from Somerset Indus Capital Partners, a healthcare-focused private equity fund. The investment involves the acquisition of a minority stake in Natural BioGenex Private Limited (NBPL), an unlisted subsidiary of Natural Capsules Limited. NBPL is constructing a state-of-the-art Greenfield facility in Tumkur, near Bengaluru. This state-of-the-art plant will manufacture…
Himadri, global speciality chemical conglomerate, announced its investmentof AU$ 10.32 million in Sicona Battery Technologies. Sicona, based in Sydney, is an innovative Australian startup specializing in high-capacity silicon anode technology for lithium-ion batteries. Sicona has developed next-generation battery materials technology used in the anodes(negative electrodes) of lithium-ion (“Li-ion”) batteries that enable electric mobility and storage…
Delhivery Ltd, India’s largest fully-integrated logistics services provider, will make a strategic investment in Vinculum, a global software leader enabling omnichannel retailing for D2C enterprises, brands, brand distributors, and quick commerce companies. The investment is the first part of a potential 2-stage deal that provides Delhivery the option to further increase its shareholding in the…
OKX Ventures, the investment arm of OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, announced its strategic investment in Scroll, a fully open-source, Ethereum equivalent EVM-based Rollup that enables native compatibility for existing Ethereum applications and tools. The investment is in line with OKX Ventures’ vision to support projects that enhance…
Eicher Motors Ltd., an Indian multinational automobile company, and parent company of Royal Enfield, global leader in the mid-weight motorcycles segment, announced a strategic collaboration in the space of electric motorcycles with Spain-based Stark Future SL. As part of this collaboration, the Board of Directors of Eicher Motors Ltd. has approved an investment of €…
Accenture has made a strategic investment, through Accenture Ventures, in KETOS, Inc., a data intelligence innovator that uses a proprietary technology platform to help organizations monitor and address water efficiency and quality. KETOS is the latest company to join Accenture Ventures’ Project Spotlight, an engagement and early investment program that connects emerging technology startups with the Global 2000…
TIL Limited, at its Board Meeting held on 26th November 2022 has decided to increase the authorized capital to infuse funds into the business of the Company, by bringing in a strategic investor, subject to shareholder and other requisite approvals. The capital is to be infused by Indocrest Defence Solutions Private Limited, which is a…
Scripbox, an online wealth management platform, has made a strategic investment in Wealth Managers, a Pune-based wealth advisory platform, according to ETtech report. This is expected to bolster its geographical presence, expand customer base and offer digital solutions to Wealth Managers’ clientele, the report said. “In this business, brand and trust matters. The customers of…
Kitchen appliances company TTK Prestige announced the progress on strategic investment and business collaboration with Ultrafresh, an end-to-end modular kitchen solutions provider. The initiative ties-in with TTK Prestige’s overall goal of becoming a total kitchen solutions brand. TTK Prestige has taken a strategic stake of over 40% in the equity Ultrafresh to forge the business…
BHIVE.fund, an alternative investments wealthtech platform, has raised strategic investments from Gruhas Proptech, Blume Ventures, and other marquee investors. Gruhas was Co-founded by Nikhil Kamath of Zerodha and Abhijeet Pai of Puzzolana and is India’s largest proptech-focussed entity. Blume Ventures, a leading VC firm in the country today, counts multiple unicorns in its portfolio. “Nikhil and…
3i Infotech Inc., USA, a step-down subsidiary of Mumbai-headquartered 3i Infotech Limited, a global Information Technology company, has announced a strategic investment in Exium, a pioneer in 5G powered Secure Access Services Edge (SASE) solutions, to help accelerate innovation in cloud-delivered security and digital experience. 3i Infotech will offer this as a premium security offering…