Nomura Holdings Inc. and Mizuho Financial Group Inc. are emerging as the top bidders for a majority stake in Avendus Capital Pvt., one of India’s largest investment banks. This stake, currently held by KKR & Co., represents 63% of Avendus and is valued at a minimum of $400 million.
Sources indicate that both Japanese firms have submitted the highest preliminary bids, while several other…
Foxconn, the Taiwanese electronics giant, is considering a $1 billion investment to establish a smartphone display module assembly unit in Tamil Nadu, as reported by The Economic Times. This facility will be Foxconn’s first of its kind in India and aims to support Apple’s iPhone production.
The new assembly unit is set to enhance local sourcing capabilities, allowing manufacturers like…
Ahammune Biosciences, an innovative biotech firm focused on dermatological therapies, has successfully raised $5 million in a Series A funding round led by the early-stage venture capital firm pi Ventures. This funding round also welcomed participation from Capital2B, Colossa Ventures, Bipin Agarwal, Unicornus Maximus LLP, along with existing investors such as Ideaspring Capital, Kotak Alternate…
Foxconn, the Taiwanese electronics manufacturing titan, is reportedly set to invest approximately $1 billion to establish a smartphone display module assembly facility in Tamil Nadu. This significant move marks the company’s first venture into display assembly in India, primarily aimed at supporting Apple’s iPhone production. The facility is expected to bolster local manufacturing capabilities…
Introduction: A New Era in Employee Experience
Atomicwork, a San Francisco-based technology startup, has announced a successful $3 million funding round led by approximately 40 industry leaders eager to invest in its mission. This latest round brings the total funds raised by the company to $14 million over the past year, highlighting its rapid growth and increasing interest in its innovative…
Introduction: A Groundbreaking Partnership
Girnar AI Innovations Lab has announced a strategic partnership with CarDekho Group’s investment arm, Girnar Vision Fund (GVF), following a successful pre-seed funding round. This collaboration aims to transform customer support through advanced AI solutions, including voicebots and chatbots designed to enhance customer interactions across various…
Introduction: A New Player in Kids’ Personal Care
Tuco Intelligent, a fresh entrant in the kids’ personal care market, has successfully raised $2 million in a seed funding round led by Fireside Ventures and Whiteboard Capital. The funding round attracted notable participation from the Suashish Group, led by Ashish Goenka, and several angel investors, including Reckitt Greater China’s Arjun…
Introduction: A New Era for Dairy-Tech
ORIGHT, an innovative Dairy-Tech startup founded in 2019, has successfully raised $1 million in seed funding, led by Aeravti Ventures. This investment marks a significant milestone for the company as it aims to revolutionize the dairy supply chain through advanced technology and financial inclusion.
Empowering the Dairy Ecosystem
The funding will enable…
Introduction: A Bold Move in the Web3 Space
CoinDCX, India’s largest cryptocurrency exchange, has announced significant leadership changes aimed at strengthening its Web3 and DeFi arm, Okto. Rohit Jain has been appointed to lead Okto while also continuing his role as Chief Strategy & Investment Officer at CoinDCX. This strategic move is set to accelerate the adoption of decentralized…
Pune-based biotech startup Ahammune Biosciences has successfully raised $5 million in Series A funding, led by pi Ventures, to further its mission of developing innovative treatments for skin diseases. Other participants in the funding round included Capital2B, Colossa Ventures, Bipin Agarwal, Unicornus Maximus LLP, and existing investors such as Ideaspring Capital, Kotak Alternate Assets, Legacy…
