About Author : Pankaj Singh

Generali to raise stake & control both insurance JVs with Future Group

Italian insurance giant Generali has reportedly struck a double deal with debt-ridden Future Group and has agreed to obtain a significant stake in both the insurance joint ventures between the two firms. This move comes eight months after the gove...

Tube Investments to acquire Cellestial E-Mobility for USD 21.58 Mn

Tube Investments of India Ltd (TII), a Muruguppa group firm, has reportedly planned to acquire a 70 percent stake in Cellestial E-Mobility Pvt Ltd in an all-cash deal for USD 21.58 million (Rs 161 crore). The Chennai-based company affirmed that it...

BioTalent launches new program for IEPs and newcomers in Canada

BioTalent Canada, the go-to source for labor market intelligence, has recently launched the Skilled Newcomer Internships for the Bio-economy program. The new program was introduced to provide employers with funds to integrate IEPs (internationally...

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

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 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 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, 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 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, 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 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

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 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, 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

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

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 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

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

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, 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

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 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 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 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, 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...

U.S. & AU sign Cloud Act deal to expedite criminal information sharing

The United States and Australia have reportedly inked a deal to speed up the process of insight sharing about criminal suspects between tech companies, including major social media firms and law enforcement agencies. The agreement, under the US Cl...

Prestige BioPharma and Dr. Reddy’s unite to supply proposed biosimilar

Singapore-based biopharmaceutical company Prestige BioPharma has recently entered a binding agreement for an exclusive partnership with Dr. Reddy’s Laboratories, a pharmaceutical company. This latest agreement is geared towards the commercia...

PCI Pharma closes acquisition of LSNE to expand CDMO services

PCI Pharma Services, a leading global CDMO (contract development and manufacturing organization) has reportedly announced the closure of the acquisition of LSNE (Lyophilization Services of New England) Inc., a Bedford-headquartered premier CDMO. U...

Grofers rebrands to Blinkit, promises to deliver products under 10 min

Grofers, the online grocery delivery company, has reportedly changed its name to Blinkit amid growing competition in the fast commerce space. The rebranding suggests that Grofers will offer product deliveries in the blink of an eye. The move comes...

Reliance partners with Assets Care to bid for Sintex Industries

Reliance Industries Ltd. (RIL), in collaboration with Assets Care & Reconstruction Enterprise Ltd, has reportedly submitted a bid for Sintex Industries Ltd, the bankrupt yarn and textile manufacturer, under a court designated CIRP (corporate inso...

SAP SuccessFactors & Attensi collaborate to revolutionize L&D

SAP SuccessFactors, a leading provider of HCM (human capital management) solutions, has reportedly collaborated with Attensi, a company that offers simulation-based training and groundbreaking gamification. Through this collaboration, the companie...

4AIR & AIA partner for developing tools to attain Net Zero Flight

4AIR, an aviation sustainability company, has reportedly partnered with the University of Cambridge-led AIA (Aviation Impact Accelerator) to develop evidence-based, interactive tools to educate the aviation industry, the decision-makers, and the publ...

ButterflyMX raises USD 50 Mn in JMI Equity-led Series D funding round

ButterflyMX, an access control technology company, has reportedly secured a growth equity round of USD 50 million led by JMI Equity with participation from Egis Capital, RiverPark Ventures, and Volition Capital. The latest funding round will enabl...

Tata Power & IIT Madras sign MoU for training, R&D, tech solutions

Tata Power Company Limited has reportedly inked a memorandum of understanding (MoU) with IIT Madras to collaborate on consultancy, R&D, training, advocacy, and tech solutions. Under the MoU, IIT Madras and Tata Power intend to perform advanced...

NEXTDC & Hurricane Electric extend partnership to increase IP transit

Hurricane Electric, the largest IPv6-native Internet backbone of the world, has reportedly extended its partnership with NEXTDC, the leading provider of premium data center solutions in Australia. Under this partnership, Hurricane Electric has instal...

SLC partners with Blue C Mobile to optimize SatCom financing

SLC (SatLease Capital) has reportedly announced a partnership with Blue C Mobile. SLC will offer customized and flexible financing solutions for customers of Blue C Mobile. The newly formed collaboration between both companies is expected to trans...

7-Eleven teams up with Nuro to test autonomous delivery service in CA

Convenience store chain 7-Eleven is reportedly collaborating with American robotics company Nuro to test a commercial autonomous delivery service in Mountain View, California. Starting December 1, the service will be accessible to customers throug...

PSA agrees to acquire BDP International from Greenbriar Equity Group

PSA International Pte Ltd, a leading port group, has reportedly inked an agreement to acquire all the shares of BDP International Inc., a leading integrated supply chain and logistics solutions provider from private equity firm Greenbriar Equity Grou...

upGrad acquires Global Study Partners to boost study abroad business

India’s largest online higher education firm upGrad has recently announced the acquisition of an international student recruitment company, Global Study Partners, for A$16 million. In addition, the company further made a commitment of A$10 mill...

Visa complains to U.S. govt regarding India’s RuPay promotion

American financial services company, Visa Inc., has reportedly complained to the U.S. government about India’s formal and informal promotion of RuPay, Visa’s local payments rival. As claimed by the U.S.-based company, the act of the India...

BigBasket to enter offline grocery space through USD 53.6 Mn investment

BigBasket, the Tata-owned online grocery firm, is reportedly planning to enter the offline grocery segment by investing around USD 53.6 million (Rs. 400 crores ) in the project. The company plans to expand its presence by opening 200 physical stores ...

NoBroker becomes unicorn by raising $210 Mn in Series E round

NoBroker, a Bengaluru-based company, has reportedly raised USD 210 million in a Series E funding round, making it the first proptech unicorn of India. The round was co-led by General Atlantic and Tiger Global, two existing investors, along with Moore...

Quickbase announces global expansion to cater to market demand

Quickbase Inc. has reportedly announced company growth-related investments and global expansion through strategic employment in India, Ireland, and the United Kingdom along with significant growth across current offices in Salt Lake City, Boston, and...

Swiggy launches Swiggy One program to offer discounts, free deliveries

Food tech company Swiggy has reportedly launched the new Swiggy One membership. The upgraded plan provides all-inclusive coverage of Swiggy services like Swiggy Meat, Swiggy Instamart, Swiggy Genie as well as food delivery. The single-tier members...

Kyndryl & VMware expand partnership to renew app & multicloud services

VMware Inc. and Kyndryl Holdings have reportedly expanded their partnership to focus on multicloud services and app modernization. This partnership expansion will allow customers to transform their businesses and improve their digital innovation with...

Tata Motors announces launch of EV for last-mile delivery sector

Tata Motors Limited has reportedly announced its plans to launch an electric vehicle (EV) for the last-mile delivery sector owing to increasing demand for EVs in the segment. The company is closely working with the e-commerce firms to understand t...

Virtuoso stockholders approve proposed merger with Wejo Group

Virtuoso Acquisition Corp., a special purpose acquisition company, has reportedly announced that its stockholders have sanctioned its merger with Wejo Group Limited at a special shareholders meeting held on November 16, 2021. The merger will be close...

Bentley Systems agrees to acquire Power Line Systems for USD 700 Mn

Bentley Systems Inc. has reportedly agreed to acquire Power Line Systems from private equity company TA Associates for an amount of USD 700 million. The proceeds will be paid either in the form of cash or a combination of Bentley Systems stock and...

Ashok Leyland approaches investors to raise funds for Switch Mobility

Ashok Leyland, the flagship company of Hinduja Group, has reportedly held talks with investors to raise funds for its newly formed EV (electric vehicle) subsidiary Switch Mobility. The Chennai-based automaker is seeking funds for upscaling its produc...

SK Networks partners with LS-Nikko Copper for ICT-focused recycling

South Korean company SK Networks has reportedly partnered with LS-Nikko Copper for improved cooperation of ESG management. The move intends to engage the companies in a collaborative effort for ICT-focused resource recycling. The companies announc...

Ample secures USD 30 Mn to expand battery swapping business to Europe

Ample, a company developing battery swapping tech for EVs, has reportedly secured another USD 30 million from Banco Santander, a Spanish multinational financial service firm, and The Blackstone Group. The major part of the round was contributed by Th...

Oracle collaborates with Bharti Airtel to accelerate cloud business

Oracle Corporation, the cloud service provider, has reportedly announced a partnership with the data center unit of Bharti Airtel Limited, the Indian telecoms group. This expansion will broaden Oracle’s customer access in one of the fastest-gro...

DomainTools acquires Farsight Security to offer top-class threat intel

DomainTools, a leader in DNS-based cyber threat intelligence, has reportedly acquired Farsight Security, a leading provider of passive DNS cyber security data solutions. The acquisition extends a long-standing partnership between the two companies to...

Google.org announces grant of USD 2.5 Mn for three Indian nonprofits

Google.org, the philanthropic arm of tech giant Google, has reportedly announced a grant of USD 2.5 million for three India-based nonprofits- Samhita-Collective Good Foundation, SwaTaleem Foundation, and Pratham Education Foundation. This grant is...

Air France to rapidly increase weekly flights to US as borders reopen

Air France has reportedly planned to ramp up flights across various destinations in the United States as North American borders reopen from November 8. Starting November 8 2021, the airline will schedule around 122 weekly flights to the U.S. instead ...

White Oak Capital Group acquires Yes Bank’s mutual fund business

White Oak Capital Group has reportedly completed the acquisition of Yes Asset Management, the mutual fund business of Yes Bank. GPL Finance and Investments, White Oak’s subsidiary, received approval from SEBI to acquire Yes Asset Management fro...

Reliance Industries to open Jio Drive-in theatre, Bay Club at JWD

Jio World Drive (JWD), the premium retail mall of Reliance Industries, has reportedly planned to launch Jio Drive-In, the first rooftop, open-air theatre in Mumbai at the Bandra Kurla Complex. This announcement comes as JWD launches a variety of inge...

Zepto raises USD 60 Mn in early-stage round led by Glade Brook Capital

Zepto, a ten-minute grocery delivery app operated by Kiranakart Technologies Pvt Ltd, has reportedly secured funding of USD 60 million (approximately Rs 444 crore) in an early-stage round initiated by Glade Brook Capital, at a valuation of USD 225 mi...

Wavemaker Impact launches to incubate climate technology startups

Singapore-based firm Wavemaker Partners has reportedly launched Wavemaker Impact, a venture developer that recognizes business opportunities, finds experienced entrepreneurs to convert these ideas into startups, and acts as a co-founder as firms grow...

Keysight to partner with FSMLabs to offer TimeKeeper platform

Keysight Technologies Inc. has reportedly collaborated with FSMLabs to offer TimeKeeper, a platform that delivers enterprise-class time distribution, clock synchronization, and monitoring to extend management and monitoring of time-critical devices, ...

Zolve raises USD 40 Million in a Series A round led by DST Global

Neobanking startup Zolve has reportedly raised USD 40 million in a Series A round led by DST Global. Alkeon Capital, Tiger Global, and current investors Accel and Lightspeed Venture Partners also participated in the funding round. The financing round...

PayPal scraps plans to buy Pinterest, causes slump in shares

PayPal Holdings Inc. has reportedly claimed that it is not purchasing Pinterest, which resulted in the digital pinboard site’s shares falling by 10% to USD 52.50. According to reports, PayPal was mulling the acquisition of Pinterest for as much...

Livspace partners with Alsulaiman Group to expand MENA operations

Livspace, an interior and home décor platform, has reportedly tied up with Alsulaiman Group, a retail conglomerate based in Saudi Arabia, to expand its business in the Middle East and jointly invest USD 50 million to expedite growth. Anuj Sriv...

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

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

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

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 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, 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, 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 (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 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 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 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

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

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

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

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, 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 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

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.

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 (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 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 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...

Emirates, Air Canada, Air India and others to resume Toronto flights

Air Canada has reportedly recommenced all flight operations in India, after a long halt of four months owing to the life-threatening second wave of COVID-19. Along with this, other airlines have also restarted their flights between Canada and India, ...

HDFC Bank collaborates with Paytm to unveil co-branded credit cards

HDFC Bank Limited has reportedly established a partnership with the online payment platform Paytm to launch a range of VISA-powered credit cards. The collaboration aims at providing a range of services across consumer segments, with a primary focus o...

WISeKey signs MoUs with Governments of Gibraltar and La Línea

Leading global AI, cybersecurity, IoT, and Blockchain company WISeKey International Holding Ltd has reportedly inked two Memoranda of Understanding (MoUs) with Mr. Juan Franco, the Mayor of La Línea de la Concepción, and Mr. Fabian Pica...

Monzo plans to enter BNPL market with its new Monzo Flex product

Monzo, the UK-based online bank, is reportedly planning to make its entry into the ‘buy now, pay later’ market, offering credit limits of over $4,137 (£3,000) to customers in the region. The digital bank, which has above 5 millio...

Gaming company MPL becomes a unicorn with USD 2.3 Bn valuation

Skill gaming and Esports app MPL (Mobile Premier League) has reportedly become the latest unicorn in India, with a valuation of USD 2.3 billion owing to a Series E funding round. The round was initiated by Legatum Capital with current investors SIG, ...

Hero Electric partners with Massive Mobility to deploy 10K EV chargers

The largest two-wheeler electric vehicle manufacturer of India, Hero Electric, has reportedly announced a partnership with Massive Mobility to deploy 10,000 EV chargers for two-wheelers across the country. This move comes in a bid to widen its chargi...

Prospection raises USD 45 Mn in a Series B round to expedite growth

Prospection, a global healthcare data technology firm, has reportedly secured a Series B round of USD 45 million from institutional investors, initiated by new investors Ellerston JAADE. Current investors Horizons Ventures and Main Sequence also took...

Tech giant Olympus Corp. impacted by ransomware group BlackMatter

Japan-based Olympus Corp. is reportedly looking into a latest possible cybersecurity incident affecting the company’s computer network in Africa, Middle East, and Europe. The company, in a statement, mentioned that it detected some suspicious a...

IRCTC to unveil India’s first luxury cruise liner starting Sept 18

The IRCTC (Indian Railway Catering and Tourism Corporation) will reportedly commence the operations of the first Indian cruise liner starting September 18. The first cruise will be launched in collaboration with private company Cordelia Cruises, and ...

Deutsche Telekom inches closer to sale of Dutch unit for USD 5.9 Bn

German telecom company Deutsche Telekom AG is reportedly nearing a deal with the private equity consortium of Apax Partners and Warburg Pincus to divest its Dutch unit. The consortium is set to buy T-Mobile Netherlands for around USD 6.1 billion from...

Research company IHL Group collaborates with Content Catalyst

Hospitality and research firm IHL Group has reportedly announced a partnership with tech provider Content Catalyst Ltd. to unveil an interactive platform for subscribers using Publish Interactive, a leading content delivery service. IHL, a Tenness...

Edtech startup Unacademy unveils ESOPs buyback worth USD 10.5 Million

Edtech company Unacademy has reportedly announced its largest employee stock ownership plan (ESOP) buyback strategy worth USD 10.5 million for its educators and team members. The Co-Founder of Unacademy, Roman Saini, mentioned that it was the largest...

Apollo Global Management successfully acquires Yahoo for USD 5 Billion

Private equity company Apollo Global Management has reportedly announced the acquisition of Yahoo, previously known as Verizon Media Group from Verizon. The deal is stipulated to be worth USD 5 billion, with preferred interests of USD 750 million and...

Google Pay might soon allow Indian users to open fixed deposits

Digital wallet platform Google Pay is reportedly planning to allow Indian users to open fixed deposits. This move comes along the heels of Google’s latest collaboration with Indian fintech company Setu. Google Pay is one of the most used dig...

Shoppers Stop sells Crossword Bookstores to Agarwal Business House

Departmental store chain Shoppers Stop has reportedly sold Crossword Bookstores Ltd., its wholly-owned subsidiary, to Agarwal Business House (ABH), the chain’s Pune-based franchisee, at a business valuation of Rs 41.62 crore. The company has...

L&T Finance in advanced talks with HSBC to sell its mutual fund arm

L&T Finance Holdings Limited has reportedly held talks with major financial services company HSBC about selling its mutual fund business. In 2020, private equity company Blackstone also had talks with L&T Finance to purchase its mutual fun...

Oceania Cruises restarts sailing for first time in almost 18 months

The world’s leading destination- and culinary- focused cruise line, Oceania Cruises, has reportedly resumed sailing for the first time in over 524 days. Marina, the first ship from Oceania Cruises to restart sailing on August 29, is also the fi...

IT ministry signs MoU with Paytm to bolster deep-tech startups

Ministry of Electronics and IT Startup Hub (MeitY) has reportedly inked an MoU (Memorandum of Understanding) with Paytm to bolster deep tech startups. The partnership is aimed at upscaling deep-tech startups, by offering access to knowledge series, p...

Prime Venture Partners announce USD 100 million Fund IV round

Investment company Prime Venture Partners has reportedly announced a USD 100 million Fund IV round with the first closure of USD 75 million, or Rs 556 crore. The company raised USD 8 million in its first funding round in 2012, USD 46 million in the s...

Samsung seeks to invest USD 206 Bn by 2023 for post-pandemic expansion

Samsung Group has reportedly planned to invest USD 206 billion (240 trillion won) over the next three years to expand its presence in artificial intelligence, biopharmaceuticals, robotics, and semiconductors in the post-pandemic era. Samsung has a...

O’ Be Cocktails raises first investment round of INR 3.5 crore

RTD (Ready-To-Drink) cocktail startup O’ Be Cocktails has reportedly announced a fundraise of Rs. 3.5 crore. This funding round was initiated by Letsventure, First Cheque, Ola’s Ankit Bhati and Bhavish Aggarwal, Sprout Investments, and th...

GMR Hyderabad Int. Airport restarts Hyderabad-Malé flight service

GMR Hyderabad International Airport Ltd. (GHIAL) has reportedly restarted the direct flight from Hyderabad to Malé in the Maldives. This flight service has been commenced by IndiGo Airlines. On August 22, IndiGo flight 6E 8108 took off from...

Waymo Via upscales auto trucking ops in Arizona, Texas & California

Waymo LLC, the self-driving arm of Alphabet, is reportedly constructing a devoted trucking hub in Dallas and collaborating with Ryder for services of fleet management. This is the company’s two-pronged move to upscale its autonomous trucking op...

Healthtech wearable glucose tracker Ultrahuman raises $17.5m in Series B funding

Ultrahuman is re-inventing fitness-tech via its glucose tracking wearable that helps people improve their diet and exercise. Thousands of people in the waitlist with 60% week over week growth. Los Angeles, US | Ultrahuman, the rapidly gr...

Postman becomes highest valued SaaS startup with $225 Mn fundraise

Postman Inc., the Bengaluru and San-Francisco-based SaaS (software-as-a-service) platform has reportedly raised a Series D funding of USD 225 million, valuing the company at USD 5.6 billion. The round was initiated by current investor Insight Partner...

Manitowoc Company Inc. announces the acquisition of Aspen Equipment

Manitowoc, a leading global producer of lifting and cranes solutions, has reportedly announced the acquisition of almost all the assets of Aspen Equipment Co., an expanded crane dealer and a leading purpose-built, final-stage work truck up-fitter, fo...

Tata Motors collaborates with Bank of Maharashtra for car financing plan

Automotive giant Tata Motors Limited has reportedly partnered with the Bank of Maharashtra to provide a retail financing plan for its passenger vehicles. Under the collaboration, the Bank of Maharashtra will offer loans to Tata Motor’s consu...

NASA tests Redwire’s 3D printer for constructing lunar structures

NASA has reportedly launched a new 3D printer from Redwire to the ISS (International Space Station) for constructing lunar structures. Engineers from NASA have taken a step ahead in utilizing technology to test materials on the moon. Recently, Nor...

Heads Up For Tails announces Series A round of USD 37 million

Heads Up for Tails, the pet care brand, has reportedly announced a Series A funding round of USD 37 million initiated by Sequoia Capital India and Verlinvest. This funding round also saw participation from existing investor W&C PetTech and Amitel...

Zomato to cease operations of U.S. table reservation business

Zomato, the online food delivery and restaurant locator platform has reportedly divested its stake in Nextable Inc., the step-down subsidiary, for USD 1,00,000. The company apparently stated in a stock exchange filing that it has decided to cease ope...

Barings buys Hinduja Global’s healthcare services business for $1.2bn

Barings Private Equity Asia (BPEA) has reportedly bought the healthcare services business from Hinduja Global Solutions (HGS), the business process outsourcing company, for an enterprise value of USD 1.2 billion. HGS apparently stated in a stock e...

CoinDCX raises USD 90 million, becomes first crypto unicorn of India

CoinDCX, the cryptocurrency exchange firm, has reportedly raised around USD 90 million in a funding round initiated by Eduardo Saverin, the Facebook Co-Founder’s fund B Capital, thereby valuing the company at USD 1.1. billion. This transacti...

Morgan Stanley hires Citibank to find buyer for Continuum Green Energy

Investment bank Morgan Stanley has reportedly hired Citibank to search for a majority stake buyer in its renewable energy group, Continuum Green Energy. Citibank received the mandate for selling the majority stake of Morgan Stanley in Continuum Green...

Reliance Industries to set up PET recycling plant of 5 billion bottles

Reliance Industries Ltd. has reportedly established a PSF (polyester staple fiber) production facility in Andhra Pradesh for doubling its PET (polyethylene terephthalate) recycling plant to 5 billion bottles. Srichakra Ecotex India Pvt. Ltd. will ...

IndiGo plans to unveil IATA Travel Pass for international travel

India-based airline IndiGo has reportedly collaborated with IATA (International Air Transport Association) to unveil a pilot project for IATA Travel Pass. This will allow passengers to create a digital pass for verifying the status of their vaccinati...

E-commerce beauty startup Nykaa to raise USD 500 Mn through IPO

Indian beauty startup Nykaa has reportedly planned to raise USD 500 million via its IPO (Initial Public Offering). This makes Nykaa the latest homegrown company to get listed on the domestic stock market. The Mumbai-based, TPG-backed company sells gr...

Oil Search and Santos to close a buyout deal worth A$8.4 billion

Oil Search Ltd. has reportedly revealed its intention to recommend an updated buyout offer worth A$8.4 billion (USD 6.2 billion) from Santos Ltd. This deal will result in the creation of a top-20 global oil and gas company. The merged entity would...

Delhivery inks USD 200 million deal to acquire Spoton Logistics

Delhivery, an IPO bound contemporary domestic logistics and supply chain company, has reportedly signed an acquisition agreement with rivals Spoton Logistics, through a USD 200 million deal. The deal is backed by major investors like Tiger Global Man...

Ashok Leyland plans USD 200 million investment in electric vehicles

Ashok Leyland, the flagship firm of the Hinduja Group, has reportedly planned to invest around USD 200 million in electric vehicle ventures through Switch Mobility Ltd., the company’s UK-based arm, over the next few years. Switch Mobility wi...

Vir Biotechnology and GSK sign joint procurement agreement with the EU

Vir Biotechnology Inc. and GlaxoSmithKline plc. have reportedly announced a Joint Procurement agreement with the European Commission to provide around 220,000 doses of sotrovimab. The investigational single-dose monoclonal antibody against the SARS-C...

Grofers forays into instant deliveries following $120Mn Zomato funding

Grofers, the online grocery delivery company, has reportedly delivered to around 7,000 households in under 15 minutes on July 26, according to Chief Executive Officer and Co-Founder Albinder Dhindsa. This development comes along the heels of the comp...

BDR Pharma signs agreement with DRDO to produce COVID-19 drug 2-DG

BDR Pharma has reportedly signed a licensing agreement with the DRDO (Defence Research and Development Organisation) to produce, distribute, and promote COVID-19 drug 2-DG (2-Deoxy-D-Glucose) in India. The Mumbai-based company has inked an agreeme...

IFC loans $250 million to HDFC to promote green housing in India

HDFC Limited, an Indian financial services company, has reportedly received a loan worth $250 million from IFC (International Finance Corporation), a member of the World Bank Group. This loan has been provided with an aim to help the finance company ...

BIAL inks partnership with IBM to furnish ‘Airport in a Box’ platform

IBM Hybrid Cloud capabilities, Kyndryl, and Red Hat Automation services would potentially help BIAL improve the airport productivity One of the leading technology companies, IBM has made it to the news headlines yet again, for entering into a 10-y...

Swiggy’s funding appetite increases the overall valuation to $5.5 billion

With more on the plate now, one of the leading food delivery firms, Swiggy, has recently announced concluding its $1.25 billion funding round headed by SoftBank Vision Fund 2 and Prosus Swiggy has recently declared closing down its recent $1.25 bi...

AMC to take over leases of two of LA’s most lucrative theatres

World’s largest cinema chain, AMC Entertainment, has reportedly added two more locations to its portfolio. The company has apparently revealed that it would be signing a deal to lease The Grove shopping complex’s 14-screen cinema in th...

Samsung introduces a 1,000-inch MicroLED display for commercial use

Samsung Electronics Co. Ltd. has reportedly launched a new version of The Wall, a giant MicroLED display, which is approximately 1,000 inches in size. The new display will probably be used for commercial and business applications, as showcased by the...

Rossari Biotech to announce the acquisition of Tristar Intermediates

Specialty chemicals manufacturer, Rossari Biotech Ltd., has reportedly declared the acquisition of Tristar Intermediates for a stipulated value of Rs. 120 crore. This acquisition was approved by the company’s board and will help Rossari to w...

Reliance plans to acquire JustDial to reinforce local commerce

Reliance Industries has reportedly planned to take control of JustDial, a local platform for business listings. The agreement could be secured at a price of around USD 800 million to USD 900 million. Currently, JustDial is valued at around Rs. 6,9...

Reserve Bank of India bans Mastercard from adding new customers

Mastercard has reportedly been barred indefinitely by the Reserve Bank of India (RBI) from issuing new credit, debit, or prepaid cards to customers. This ban has been raised owing to Mastercard’s non-compliance with local data storage rules. ...

Carmaker Maruti Suzuki to raise price for Swift and all CNG models

Maruti Suzuki India Ltd. has reportedly announced that it has hiked prices of Swift and all CNG variants owing to increasing input costs. The price hike, which is set to be about INR 15,000 for these models, was put into effect from July 12. The c...

Indian e-commerce giant Flipkart raises funding of USD 3.6 billion

Flipkart, the Indian e-commerce company, reportedly raised fresh funds of USD 3.6 billion from global investors. This includes private equity, sovereign funds, and financial assistance from Walmart, Flipkart’s parent company. GIC, a Singapor...

Online travelling platform EaseMyTrip eyes 100% growth in 2021

EaseMyTrip, an online travel solutions provider, is reportedly aiming for 100 percent growth in 2021. This comes along the heels of a gradual demand recovery for tourism in India. The Chief Executive Officer and Co-Founder of EaseMyTrip, Nishant P...

NHS Hospitals forced to cease operations due to impending third wave

Hospitals in the U.K. are reportedly being forced to cancel operations, like cancer surgeries, with a surging number of COVID-19 patients and loss of hospital staff due to self-isolation. Leeds Teaching Hospitals, one of the biggest NHS trusts in ...

Visa confirms consumer spending worth $1 bn via crypto-linked cards

Financial services company Visa has reportedly affirmed that consumers have spent around USD 1 billion worth of cryptocurrency on goods and services across the globe, using their crypto-linked cards in the first half of 2021. However, the company has...

Sumitomo Mitsui plans to acquire Fullerton India Credit Company

Japan-based Sumitomo Mitsui Financial Group (SMFG) has reportedly announced plans to acquire the NBFC arm of Fullerton Financial Holdings (FFH), Fullerton India Credit Company (FICC). Sumitomo Mitsui is set to obtain a 74.9% stake in the NBFC arm,...

Paytm partners with Aditya Birla Finance to launch Postpaid Mini

Fintech company Paytm has reportedly collaborated with Aditya Birla Finance Ltd. to launch Postpaid Mini. This will be an extension of its ‘Buy Now Pay Later’ service to make the credit system affordable for new users. The company supp...

Australia’s biggest airport receives a buyout bid of USD 16.7 billion

Sydney Airport Holdings Pty Ltd. has reportedly received a cash buyout bid of USD 16.7 billion from a syndicate of infrastructure investors. This activity caused the company shares to surge by over 38%. The successful execution of this deal would ...

Wardwizard plans to unveil electric race bikes, scooters by December

India-based Wardwizard Innovations and Mobility has reportedly decided to launch four electric scooters and electric race bikes by December 2021. The company also has plans to introduce a passenger three-wheeler by 2022. Wardwizard promotes EVs under...

Axis Bank signs a contract with AWS to transform digital banking

Axis Bank, the third-largest private sector bank in India, has reportedly signed a multi-year contract with Amazon Web Services (AWS), to bolster the transformation of digital banking. Under this deal, Axis Bank will explore the AWS services to co...

Online beauty learning platform Airblack raises USD 5.2 million

Airblack, an online makeup and beauty skills learning platform, has reportedly raised a Series A funding of USD 5.2 million. This round was co-led by Elevation Capital and Info Edge Ventures. The company helps people learn the skills of makeup and...

ROCKI and Black Dog Music Partners Announce Music NFT Partnership

Black Dog CEO Scott Kelly Becomes Advisor to ROCKI NEWS RELEASE BY BLACK DOG VENTURE PARTNERS Los Angeles, CA | 06/26/2021 ROCKI and Black Dog Music Partners have announced that they are teaming up to provide artists with more opp...

Covishield excluded from EU’s Green Pass list for tourism & business

Serum Institute of India-produced COVID-19 vaccine Covishield has been reportedly deemed ineligible to be included in the Green Pass list made by the European Union (EU). The Green Pass, which will be available starting July 1, enables unrestricte...

Disney+ Hotstar opens 250 jobs for driving next growth phase in India

Video streaming platform, Disney+ Hotstar, has reportedly opened over 250 jobs across various verticals and levels, intending to drive its next growth phase in the Indian market. Currently, the platform has over 24 million paid users, the highest ...

IndiGo offers discount on seat fares to vaccinated passengers

Interglobe Aviation-operated IndiGo airline has reportedly announced its intention to offer up to 10% discount on the base fare to passengers who have taken the COVID-19 jab. IndiGo, the largest airline in India in terms of market share, has becom...

The Innovation Space expands investment for its accelerator program

Delaware Innovation Space has reportedly declared its plans to offer an investment alternative to companies under its accelerator program Science Inc.TM All applicants of the Science Inc.TM accelerator program can apply for investments up to USD 50,0...

Google shuts down its exclusive startup space Campus in London

Tech giant Google has reportedly closed its London startup space called Campus. The company has declared that it will not reopen Campus located in East London, after it was forced to shut owing to the COVID-19 outbreak. Google has apparently state...

Adani Power announces acquisition of Essar Power’s 1,200 MW project

The largest power producer in India, Adani Power Limited (APL), has reportedly announced its intention to acquire Essar Power’s 1,200 MW Mahan project situated in Singrauli, Madhya Pradesh. During a stock market filing, the company apparentl...

Serum planning to launch another COVID-19 vaccine by September

Covishield manufacturer Serum Institute has reportedly planned to introduce Covovax, Novavax’s COVID-19 vaccine, in India by September 2021. This comes at the right time with the U.S. administration easing the regulations on vaccine raw materia...

LTI enters definitive agreement to take over Pune-based Cuelogic

Larsen & Toubro Infotech (LTI), an Indian IT solutions and services company, has reportedly inked a definitive agreement to acquire a Pune-based software products developer, Cuelogic Technologies. Cuelogic, since it was founded in 2010, has bu...

Accenture to scale engineering capabilities with acquisition of umlaut

Accenture, a professional technology services company, has recently announced the acquisition of an advisory and fulfillment services provider, umlaut, to boost its engineering and services play. Sources familiar with the matter have reportedly ci...

Immersive Labs receives Series C funding round of USD 75 million

Cybersecurity training company, Immersive Labs has reportedly closed a Series C round of USD 75 million. This round was initiated by Insight Partners, the company’s new investors, along with Citi Ventures, Menlo Ventures, and current investor G...

Royal Enfield to launch new models in domestic & international markets

Royal Enfield, an Indian motorcycle manufacturing company, is reportedly targeting to unveil an array of new models across the domestic and international markets in the current fiscal year. This upcoming launch will consist of a rich pipeline of prod...

Ocugen pays $15M to Bharat Biotech to extend Covaxin rights in Canada

Ocugen Inc, a biopharmaceutical company, has reportedly announced an upfront payment of $15 million to Bharat Biotech. This transaction is regarding the extension of the rights of Covaxin, a COVID-19 vaccine, to Canada. In addition, the biopharmac...

Tata Digital plans to invest $75 million in CureFit to scale offerings

Tata Digital, an unlisted public company, has recently announced plans to invest over $75 million in a healthcare software provider, CureFit Healthcare Private Limited. Under the recent agreement, Mukesh Bansal, CureFit’s Founder & Chief...

Dettol to replace handwash pack logo with COVID-19 protector stories

Reckitt, the FMCG major which owns Dettol, has reportedly planned to replace its brand logo on hand wash packs with images of Indian COVID protectors and their inspirational stories. The company has initiated this activity under the #DettolSalute cam...

e-Commerce beauty brand Nykaa to go public with $4.5Bn valuation

Nykaa, a beauty, wellness, and fashion products retailer, is reportedly targeting an Initial Public Offering (IPO) with a valuation of $4.5 billion in FY 2021, a hike from its earlier valuation of nearly $3 billion. The significant expansion of th...

Wise allows Indian users to remit money to 44 countries worldwide

Wise, a financial technology company, has recently enabled Indian users to transfer money to 44 countries across the globe, including the UK, the U.S., Singapore, the UAE, and others in the eurozone. As per the RBI’s statistics, India had re...

Thrasio-style Mensa Brands raises Series A funding of USD 50 million

Ananth Narayanan, famous for founding Myntra, has reportedly formed a new company Mensa Brands, based on the model of American digital consumer goods venture Thrasio. Mensa Brands has reportedly raised a Series A funding of USD 50 million from Falcon...

Twitter ceases verification program a week after its relaunch

Twitter has reportedly paused its verification program within just over a week of its relaunch. The company has stated that the number of requests received was more than anticipated, and it will first review requests currently at its disposal, before...

BITS Pilani & IIMA graduates launch $1M fund to support startups

Prateek Behera and Abhishek Sethi, graduates from BITS Pilani (Birla Institute of Technology and Sciences, Pilani) & IIMA (Indian Institute of Management, Ahmedabad), have recently launched a $1 million fund. This fund will be used for supporting...

Koo bags $30 million in Series B funding round led by Tiger Global

Koo, an Indian microblogging and social networking service, has reportedly secured $30 million in a Series B funding round from Tiger Global. The latest funding round also includes participation from other new investors namely Mirae Assets and IIF...

Zeta enters Indian unicorn territory by raising $1.45 bn in valuation

Bengaluru-based banking technology startup, Zeta, has attained unicorn status, as it has reportedly closed $250 million from Softbank Vision Fund II in its Series C funding round, reaching a valuation of $1.45 billion. The deal nearly quadruples the ...

Kia Motors India rebrands as Kia India to offer sustainable solutions

Kia Motors India, a subsidiary of Kia Corporation, has reportedly announced a new corporate name, Kia India. This initiative has been taken as a part of its new brand identity and purpose of ‘Movement that Inspires’. The change in the ...

Domino's India encounters data breach; 18cr user order details leaked

Pizza delivery frontrunner, Domino's India, has reportedly suffered a huge data breach, exposing details of its nearly 18 crore users on the dark web. This breach comes days after a similar attack on Air India, leaking sensitive information, incl...

Oat drink firm Oatly raises $1.4Bn in its U.S. initial public offering

Oatly Group AB, a Swedish oat drink company, has recently raised $1.4 billion in its IPO (initial public offering) in the U.S. The Swedish company is backed by investors such as rapper Jay Z and Howard Schultz, former Starbucks Corp head. In the I...

PhonePe in talks for acquisition of Indian app store Indus OS

Leading Indian Walmart-backed payments services company, PhonePe has reportedly progressed in its plans to take over Indus OS, a Samsung-empowered startup, which manages an eponymous and third-party Android app store. The startup was founded in 2015 ...

Maruti Suzuki-Zydus Hospitals unite to launch multi-specialty hospital

Maruti Suzuki, an Indian automotive manufacturer, has reportedly inaugurated a multi-specialty hospital at Sitapur, Ahmedabad, via a partnership with Zydus Hospitals, a hospital chain in Gujarat. The development cost of the new hospital stands at ...

Reliance Jio to build a global submarine cable system to connect India

Reliance Jio Infocomm, a leading Indian telecommunications company, has reportedly announced that it is planning to construct the world’s most expansive international submarine cable network that would by centered on India. According to repo...

Airtel to introduce new benefits to help its low-income subscribers

Indian telecommunication services frontrunner, Bharti Airtel Limited or Airtel, has reportedly announced its intention to offer special benefits to its low-income customers use its network. Apparently, these benefits are worth approximately ?270 cror...

American Airlines adds stop to two long-haul flights from Charlotte

American Airlines, a major American airline, has recently announced the addition of a stop to 2 long-haul flights from Charlotte, a city in North Carolina. The decision came amid a fuel supply shortage caused by the shutdown of the Colonial Pipeline ...

StuDocu raises $50 million in Series B funding round led by Partech

StuDocu, an Amsterdam-based startup, has reportedly bagged $50 million in a Series B funding round led by the French venture capital, Partech. The recent funding round happened along the heels of the company’s immense growth, which has built a ...

Hero MotoCorp to extend production shutdown at facilities in India

Hero MotoCorp, a motorcycle and scooter manufacturer, has reportedly announced plans to extend the production shutdown across its manufacturing facilities in India. The decision comes amid the rapid surge in COVID-19-infection cases in the region ove...

Qatar Airways shows continued interest in India’s ‘huge aviation market’

Doha-based airline Qatar Airways has reportedly expressed its continued interest in partnering with IndiGo Airlines and Rahul Bhatia. The airline had previously attempted to ink a collaboration with the Tata Group four years ago, when the Indian gove...

CCEA offers its approval to IDBI Bank for strategic divestment

The Cabinet Committee on Economic Affairs, or the CCEA, has recently granted its approval for the longtime pending strategic disinvestment plan of IDBI Bank Ltd. As per reports, the extent of the respective shareholding which is to be divested by the...

Twitter acquires Scroll to ramp up their subscription product

Twitter has reportedly acquired Scroll, a subscription-based reading service that provides users an efficient way to read long-form web content by taking away ads and other pop-ups that can possibly slow the reading experience. This service will n...

Facebook donates $10M and rolls out Vaccine Finder tool in India

Facebook, a social networking service company, has reportedly announced a grant of $10 million and rolled out a Vaccine Finder tool in India. These initiatives have been taken with an objective to support emergency response efforts as the South Asian...

Ola Electric plans to launch electric scooter in international markets

Ola Electric, a transit services provider, is reportedly planning to launch its electric scooter in international markets such as Germany, Italy, and France in the fiscal year 2021. For the record, Ola Electric is slated to unveil its electric sco...

CCI approves Tata Group’s proposal to acquire 64.3% stake in BigBasket

Competition Commission of India (CCI), the competition regulator, has recently approved the proposal of Tata Group to acquire a majority stake in BigBasket, an online grocery store. Following this approval, Tata Digital will take over a 64.3% stake i...

Maruti Suzuki to shut Haryana plants to reroute oxygen for medical aid

Indian automobile manufacturing frontrunner, Maruti Suzuki, has reportedly extended its maintenance shutdown period by a month. The company has made this move in order to divert the oxygen that is consumed by two of its Haryana plants to cater to med...

Hackers leak records of 20 million BigBasket users on cybercrime forum

A database of over 20 million users of BigBasket, an online grocery delivery service, has allegedly been leaked on a cybercrime forum. This announcement came months after the grocery delivery company faced a massive data breach. The leaked databas...

Indian startup LEAD School raises $30 Mn to increase student reach

LEAD School, an Indian startup, has reportedly raised USD 30 million in a latest round, for scaling its efforts in India, the second most populous nations of the world. The company helps in transforming and digitizing affordable private schools to se...

HCL plans to shift workload from India amid spike in COVID-19 cases

HCL Technologies, an information technology company, has reportedly announced plans for a workload shift from India to other countries as the region is currently grappling with record-high COVID-19 cases. The IT company is also apparently rampi...

Inovo closes new fund on €54m, to scale Polish startups

Through diverse global LPs, Inovo is able to offer portfolio companies greater range of global capital to help them scale. NEWS RELEASE BY INOVO New York | April 22, 2021 09:30 AM Eastern Daylight Time Inovo, the venture capital fund investi...

Cityneon Raises S$235 Million; Well Positioned for Next Growth Chapter

NEWS RELEASE BY CITYNEON SINGAPORE | April 21, 2021 07:00 AM Eastern Daylight Time The global experience entertainment company gets a S$235 million shot in the arm, closes its private fund raising in April 2021 Investor...

Hero MotoCorp temporarily halts manufacturing with rising COVID-19 cases

With escalating COVID-19 cases in what seems to be the second wave of the pandemic in India, leading two-wheeler manufacturer Hero MotoCorp has reportedly announced that the company will temporarily halt all its manufacturing operations. As per a ...

Predictmedix reveals Safe Entry Stations deployment at 4 office towers

Predictmedix Inc., an artificial intelligence company, has reportedly announced the deployment of Safe Entry Stations at its four key office towers in Calgary and Edmonton. The deployment of this AI-powered solution was initiated in partnership with ...

Yellow Corporation to create employment opportunities in Irving, Texas

Yellow Corporation is reportedly appointing new employees in Irving, Texas. The trucking company will be hosting an employment event on April 21st and 22nd as it looks to fill jobs like local drivers, mechanics, linehaul drivers, and dock...

Citigroup to close consumer banking operations across 13 markets

Citigroup, an investment banking company, is reportedly making an exit from its consumer banking operations across 13 markets in the Middle East, Europe, and Asia. Following the closing of the operations in the selected regions, the company will cont...

Flipkart to acquire Cleartrip to enter travel and hospitality segment

Flipkart, an e-Commerce platform, is reportedly set to acquire Cleartrip, a hotel and flight booking portal, over the next few days. The two companies are yet to make an official announcement on the upcoming acquisition deal. Sources with knowledg...

Hero Group enters edtech industry through launch of Hero Vired

Hero Group, a marketing company, has reportedly entered the edtech industry via the launch of Hero Vired, a platform led by Akshay Munjal, CEO & Founder. This platform has secured an initial investment of $10 million from the Hero family. The ...

Clubhouse faces massive data leak of 1.3 million users on hacker forum

Personal data of over 1.3 million users of Clubhouse, an invite-only social media app, has reportedly been leaked online on a hacker forum, according to reliable sources. The scraped data includes their profile names on social media and other persona...

Bharti, Dixon to set-up a JV to make telecom products for Airtel

Dixon, a contract manufacturing frontrunner in India, has reportedly struck an agreement with Bharti Enterprises Ltd. to establish a joint venture (JV) in order to create telecom and networking commodities. These include modems, routers, set-top boxe...

API Holdings bags $350M in funding round from Prosus & TPG Growth

API Holdings, the parent company of PharmEasy, has reportedly raised $350 million in a funding round led by TPG Growth and Prosus Ventures. The digital pharmacy company did not reveal its total valuation following the latest round. Sources familia...

Cred secures $215M in Series D funding led by Falcon Edge & Coatue

Cred, a fintech platform, has reportedly bagged $215 million in a Series D funding round, resulting in its total valuation of $2.2 billion. This funding round was led by Coatue and Falcon Edge Capital, along with participation from other existing and...

Tyler Technologies to acquire ReadySub solution for School Scheduling

Largest software provider in the U.S., Tyler Technologies, has reportedly acquired a cloud-based platform, ReadySub, to offer support to school districts in filling substitute teacher assignments, absence tracking, as well as automating essential pay...

Hyundai completes durability tests of its 3-row SUV, Alcazar

Hyundai, a South Korean automotive manufacturer, has recently announced the completion of the durability tests of its much-awaited, 3-row SUV, Alcazar. Alcazar will reportedly come along with enhanced features including ‘go-anywhere’ a...

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