Terra Quantum secures Series A round of USD 60 Mn for QaaS platform

Terra Quantum secures Series A round of USD 60 Mn for QaaS platform

Published: 14 hours agoAuthor: Pankaj Singh

Terra Quantum, a Zurich-based startup, has reportedly raised a Series A round of USD 60 million for building a Quantum-as-a-Service platform. This round was initiated by Lakestar, who also supported Terra Quantum’s 2019 seed round. According....

Honda signs joint development agreement with Boston-based SES Holdings

Honda signs joint development agreement with Boston-based SES Holdings

Date: 2022-01-20Author: Pankaj Singh

Honda Motor Company has reportedly inked a joint development agreement with SES Holdings, a Boston-based EV battery company, to develop batteries. This agreement with SES is part of the Japanese carmaker’s overall battery strategy. The decis....

Ford inks five-year agreement with Stripe to scale E-comm capabilities

Ford inks five-year agreement with Stripe to scale E-comm capabilities

Date: 2022-01-19Author: Pankaj Singh

Ford Motor Company has reportedly inked a five-year agreement with online payment processor Stripe to upscale the e-commerce abilities of the automaker. The collaboration with Stripe is part of the automaker’s larger restructuring plan Ford+, a....

DeHaat completes the acquisition of Maharashtra-based Helicrofter

DeHaat completes the acquisition of Maharashtra-based Helicrofter

Date: 2022-01-18Author: Pankaj Singh

DeHaat, a tech-based platform providing end-to-end agricultural services to Indian farmers, has reportedly announced the acquisition of Helicrofter, a B2B agri-input marketplace startup. The financial details of the acquisition were not revealed. ....

Megaport partners with KIO Networks to expand services in Mexico

Megaport partners with KIO Networks to expand services in Mexico

Date: 2022-01-17Author: Pankaj Singh

Megaport Limited, a leading NaaS (Network as a Service) provider, has reportedly announced plans to expand in Mexico through a partnership with KIO Networks, the largest data center provider in the country. The partnership of Megaport with KIO Net....

Recykal raises funding of USD 22 Million from Morgan Stanley

Recykal raises funding of USD 22 Million from Morgan Stanley

Date: 2022-01-13Author: Pankaj Singh

Recykal, a Hyderabad-based business-to-business platform for waste recycling and management marketplace, has reportedly secured funding of USD 22 million from Morgan Stanley India. Existing investors Vellayan Subbiah, Circulate Capital, and Arun V....

LG Chem to develop world’s largest plant for cathode materials in Gumi

LG Chem to develop world’s largest plant for cathode materials in Gumi

Date: 2022-01-12Author: Pankaj Singh

LG Chem Ltd. plans to construct the largest plant in the world exclusively for cathode materials by collaborating with Gumi City as the company aims for the rapidly surging battery market. In a recent announcement at the Gumi Convention Center, th....

Beam & Pfizer enter 4-year agreement focused on in vivo base editing

Beam & Pfizer enter 4-year agreement focused on in vivo base editing

Date: 2022-01-11Author: Pankaj Singh

Pfizer Inc and Beam Therapeutics Inc. have reportedly announced an exclusive four-year research collaboration to advance new in vivo base editing programs for rare genetic disorders of the muscle, liver, and central nervous system. According to th....

Medically Home announces strategic investment of USD 110 Million

Medically Home announces strategic investment of USD 110 Million

Date: 2022-01-10Author: Pankaj Singh

Medically Home Group Inc. has reportedly announced a strategic funding of USD 110 million from investors such as Baxter International Inc., Cardinal Health, and Global Medical Response (GMR). Each investor will have representation on the Board of ....

Shiprocket plans to acquire 75% stake in Delhi-based Wigzo Tech

Shiprocket plans to acquire 75% stake in Delhi-based Wigzo Tech

Date: 2022-01-07Author: Pankaj Singh

Shiprocket, a Zomato-backed logistics aggregator company, has reportedly planned to acquire a 75% stake in Wigzo Tech, an AI-driven marketing tech firm for USD 20-USD 25 million in an all-cash deal. The deal will have nearly 15% primary and around....

Delhivery invests in Falcon Autotech to design automation solutions

Delhivery invests in Falcon Autotech to design automation solutions

Date: 2022-01-06Author: Pankaj Singh

Indian logistics and e-Commerce supply chain company Delhivery has reportedly announced its investment in a logistics automation solutions provider, Falcon Autotech. This initiative is a part of the supply chain company’s sustained investmen....

Volaris Group acquires Adapt IT to expand growth across Africa

Volaris Group acquires Adapt IT to expand growth across Africa

Date: 2022-01-05Author: Pankaj Singh

Vertical software powerhouse Volaris Group Inc. has reportedly acquired Adapt IT Holdings, a leading technology firm in South Africa. With this acquisition, Adapt IT offers a talented global team, an excellent track record of successful acquisitions,....

AT&T, Verizon to delay 5G deployment to avoid aviation standoff

AT&T, Verizon to delay 5G deployment to avoid aviation standoff

Date: 2022-01-04Author: Pankaj Singh

AT&T Inc and Verizon Communications have reportedly agreed to delay the deployment of the C-Band wireless spectrum by two weeks, avoiding an aviation safety standoff that threatened to disrupt flights. The delay came after the chief executives....

Online Christmas returns add to USD 9.46 billion bill for retailers

Online Christmas returns add to USD 9.46 billion bill for retailers

Date: 2022-01-03Author: Pankaj Singh

A flurry of online Christmas returns has reportedly cost around USD 9.46 billion (£7 billion) for retailers. With the end of the festive period, warehouse workers are striving to process millions of rejected or returned gifts at around &poun....

Movendo partners with Maragal to advance fall prevention screening

Movendo partners with Maragal to advance fall prevention screening

Date: 2021-12-28Author: Pankaj Singh

Maragal Medical has reportedly partnered with Movendo Technology to incorporate its robotic system hunova© into a fall prevention screening for geriatric patients. Dr. Timothy Gallagher, the Chief Executive Officer of Maragal Medical, noted t....

Kalaari Capital LPs earn over $600 million in returns in 2021

Kalaari Capital LPs earn over $600 million in returns in 2021

Date: 2021-12-27Author: Pankaj Singh

Kalaari Capital, a homegrown venture capital firm has earned over $600 million in returns for its Limited Partners (LPs) in 2021, following the firm’s exit, either partial or full, from more than 10 companies. According to Vani Kola, Kalaari....

L&T secures contract to develop one of the largest townships in BLR

L&T secures contract to develop one of the largest townships in BLR

Date: 2021-12-24Author: Pankaj Singh

The construction division of Larsen & Toubro Ltd. has reportedly bagged a contract to develop one of the largest residential townships in Bengaluru. The project comprises the construction of nearly 6,768 apartments, spanned across 39 towers wi....

India surpasses UK to become the third largest unicorn ecosystem

India surpasses UK to become the third largest unicorn ecosystem

Date: 2021-12-23Author: Pankaj Singh

India has reportedly overtaken the United Kingdom to bag the third spot in the list of countries with most number of unicorns. The country has added 33 such companies worth over $1 billion each in a single year. In 2020, India was ranked in fourth....

Arcus & Gilead close option exercises for three programs & partnership

Arcus & Gilead close option exercises for three programs & partnership

Date: 2021-12-22Author: Pankaj Singh

Arcus Biosciences Inc. and Gilead Sciences Inc. have reportedly announced the closure of option exercises of Gilead to three programs in the clinical-stage collection of Arcus and a new research partnership among the two firms. Gilead leveraged th....

ams OSRAM sells horticulture lighting systems business to Signify

ams OSRAM sells horticulture lighting systems business to Signify

Date: 2021-12-21Author: Pankaj Singh

ams OSRAM has reportedly signed a definitive agreement to sell Fluence, its horticulture lighting systems business to Signify N.V. for a purchase price of USD 272 million on a debt-free basis. Subject to regulatory approvals, the companies expect the....

Mintra & Future Care team up to reinforce support to maritime industry

Mintra & Future Care team up to reinforce support to maritime industry

Date: 2021-12-20Author: Pankaj Singh

Mintra, a leading provider of digital learning and human capital management software, has reportedly entered into a strategic partnership with Future Care Inc., an International SOS firm, to reinforce support to the maritime industry. The partners wi....