FarMart raises $10 Mn in Series A funding round led by Matrix Partners

FarMart raises $10 Mn in Series A funding round led by Matrix Partners

Published: 15 hours agoAuthor: Pankaj Singh

FarMart, a SaaS-based B2B food supply company has reportedly secured USD 10 million in a Series A investment round initiated by Matrix Partners India. Innoven Capital and current investors Avaana Capital, 500 Startups, and Omidyar Network India also ....

Stripe announces first Indian acquisition of Bengaluru-based Recko

Stripe announces first Indian acquisition of Bengaluru-based Recko

Date: 2021-10-21Author: Pankaj Singh

API and payments company Stripe has reportedly acquired Recko, in its first acquisition of an Indian company. Recko is a Bengaluru-based fintech startup that provides payments reconciliation software for online businesses. The acquisition comes along....

FLAPZ & GE Digital sign MoU to offer safety measures for business jets

FLAPZ & GE Digital sign MoU to offer safety measures for business jets

Date: 2021-10-20Author: Pankaj Singh

GE Digital has reportedly signed a Memorandum of Understanding (MoU) with Columbia-based aviation marketplace, FLAPZ to work together on increasing safety in General & Business Aviation in Columbia and other parts of Latin America. The compani....

Ipsen - Accent Therapeutics ink collaboration agreement for METTL3

Ipsen - Accent Therapeutics ink collaboration agreement for METTL3

Date: 2021-10-19Author: Pankaj Singh

Ipsen has reportedly signed an exclusive global collaboration agreement with Accent Therapeutics Inc. to research, develop, produce, and promote the pre-clinical stage METTL3 program of Accent. Under the partnership, the Paris-based company will pay ....

Dixon Technologies plans 5G mm smartphone export to United States

Dixon Technologies plans 5G mm smartphone export to United States

Date: 2021-10-18Author: Pankaj Singh

Dixon Technologies, a domestic electronics manufacturing company, has reportedly commenced the production of 5G millimeter(mm) wave smartphones. These will be the first set of devices from the segment to be exported from India. The Noida-based com....

Nothing secures $50M from investors and partners with Qualcomm

Nothing secures $50M from investors and partners with Qualcomm

Date: 2021-10-14Author: Pankaj Singh

Nothing, a London-based consumer technology brand, has recently secured $50 million from private and strategic investors, as well as partnered with Qualcomm, a chipmaker, to power its upcoming products. Nothing, a brainchild of OnePlus’ Co-f....

Reliance Industries to invest USD 29 Million in Germany’s NexWafe

Reliance Industries to invest USD 29 Million in Germany’s NexWafe

Date: 2021-10-13Author: Pankaj Singh

Reliance Industries (RIL)’s wholly-owned subsidiary, Reliance New Energy Solar (RNESL) is reportedly set to invest USD 29 million (25 million euros) in NexWafe GmbH, a company that develops highly efficient monocrystalline silicon wafers. RN....

Dorel to sell sports segment to Pon Holdings for USD 810 Million

Dorel to sell sports segment to Pon Holdings for USD 810 Million

Date: 2021-10-12Author: Pankaj Singh

Dorel Industries Inc. has reportedly inked a definitive agreement to sell its bicycle segment, Dorel Sports, to Dutch mobility group Pon Holdings B.V. for a cash deal of USD 810 million, which is around CAD 1 billion. Subject to closing adjustment....

Rio Tinto opens vaccination hub at Perth Airport for mining industry

Rio Tinto opens vaccination hub at Perth Airport for mining industry

Date: 2021-10-11Author: Pankaj Singh

Rio Tinto has reportedly opened vaccination clinics at Perth Airport, which will enable FIFO (fly-in fly-out) workers from the mining industry to get COVID-19 vaccination when they land in Perth. The global mining group partnered with the Department ....

Lubrizol unveils FlowGuard® Plus mobile app to improve plumbing skills

Lubrizol unveils FlowGuard® Plus mobile app to improve plumbing skills

Date: 2021-10-08Author: Pankaj Singh

Lubrizol Corporation has reportedly launched a new mobile app, FlowGuard® Plus. This new application has been developed to offer education as well as training on new disciplines, and reward plumbers for having in-app engagement. Initially, the ap....

GE & GM sign MoU to develop rare earth materials supply chain for EVs

GE & GM sign MoU to develop rare earth materials supply chain for EVs

Date: 2021-10-07Author: Pankaj Singh

General Electric Company (GE) and General Motors Company (GM) have reportedly planned to establish a rare earth materials supply chain, to aid in the development of renewable energy equipment and electric vehicles. The memorandum of understanding sig....

IPO-bound Ola acquires GeoSpoc to reinforce its ride-hailing services

IPO-bound Ola acquires GeoSpoc to reinforce its ride-hailing services

Date: 2021-10-06Author: Pankaj Singh

Ola Cabs has reportedly acquired GeoSpoc, a geo-analytics company, for strengthening its ride hailing services with advanced technology. GeoSpoc was founded in 2014 by Geetha Krishna, Krishna Rajan, and Dhruva Rajan. The company provides location-bas....

CEAT completes acquisition of a 26% stake in Cleanwin Energy

CEAT completes acquisition of a 26% stake in Cleanwin Energy

Date: 2021-10-05Author: Pankaj Singh

Tire manufacturer CEAT Ltd. has reportedly executed the acquisition of a 26% share in Cleanwin Energy, for which it inked an agreement in September 2021 with Yellowstone Clean Energy LLP. Cleanwin Energy is the owner, operator, and maintainer of a ca....

N.THING raises $26 Mn in a bid to accelerate growth & expand worldwide

N.THING raises $26 Mn in a bid to accelerate growth & expand worldwide

Date: 2021-10-04Author: Pankaj Singh

South Korean AgriTech firm N.THING has reportedly raised USD 21 million in a Series B funding round that is up from a previous series round of USD 5 million, thereby securing a total USD 26 million of funds.  This round is considered as an addit....

Facebook announces next phase of creator education programme in India

Facebook announces next phase of creator education programme in India

Date: 2021-10-01Author: Pankaj Singh

Facebook, a social networking service company, has reportedly announced the next phase of ‘Born on Instagram’, its creator education programme in India. The company further revealed that it witnessed a 35% surge YoY (year-on-year) in the ....

Birla Corp aims to double cement capacity to 30 million tons by 2027

Birla Corp aims to double cement capacity to 30 million tons by 2027

Date: 2021-09-30Author: Pankaj Singh

Birla Corporation, the MP Birla Group company, has reportedly announced its plans to double its cement producing capacity to around 30 million tons per year in the next five years by 2027. While addressing the company stakeholders at the AGM, Hars....

IndiGo and American Airlines enter into code-sharing agreement

IndiGo and American Airlines enter into code-sharing agreement

Date: 2021-09-29Author: Pankaj Singh

American Airlines (AA) has reportedly announced a codeshare agreement with IndiGo Airlines. This will help place American Airlines’ code on 29 of the domestic routes of IndiGo in India. The agreement will offer a suitable alternative for cus....

Sanctum Wealth raises $10.5 Mn investment from The Xander Group Inc.

Sanctum Wealth raises $10.5 Mn investment from The Xander Group Inc.

Date: 2021-09-28Author: Pankaj Singh

Global investment company The Xander Group Inc. has reportedly invested USD 10.5 million (Rs 78 crore) in Sanctum Wealth, a wealth management firm based in Mumbai. The investment will be executed through Xander’s financial services arm based....

CBSE implements blockchain technology to ensure document safety

CBSE implements blockchain technology to ensure document safety

Date: 2021-09-27Author: Pankaj Singh

CBSE (The Central Board of Secondary Education) has reportedly integrated blockchain technology to shift to paperless operations and maintain the safety of class 10 and class 12 results. Antriksh Johri, the CBSE Director of Information and Technol....

RELX enters KSA distribution partnership with SAF Trading Agencies

RELX enters KSA distribution partnership with SAF Trading Agencies

Date: 2021-09-24Author: Pankaj Singh

RELX International has reportedly partnered with SAF Trading Agencies for the exclusive distribution of RELX e-liquid nicotine products and e-cigarette devices across the Kingdom of Saudi Arabia. Fouad Barakat, the General Manager of RELX Internat....

Sony Group unit to acquire majority stake in India’s Zee Entertainment

Sony Group unit to acquire majority stake in India’s Zee Entertainment

Date: 2021-09-23Author: Pankaj Singh

Sony Pictures Networks India has reportedly agreed to acquire Zee Entertainment. If this deal materializes, it will bring together two of the biggest broadcasters in India that operate large-scale cable television networks, music labels, streaming se....