Temasek Holdings Pte is nearing a deal to acquire a substantial minority stake in VFS Global, valuing the visa outsourcing and technology services company at approximately $7 billion, including debt. The Singapore state-owned investor is expected to purchase about 20% of VFS Global, which is currently controlled by US alternative asset manager Blackstone Inc. The deal, which could be announced as…
London-based regulatory technology firm Novatus Global Limited has successfully secured $40 million in a new funding round led by Silversmith Capital Partners. This investment highlights the increasing demand for advanced solutions to manage complex regulatory challenges in the financial sector. The Boston-based growth equity firm, known for its investments in Constructor and Impel, will support…
In the realm of successful entrepreneurship, clear communication and streamlined workflows are paramount. Recognizing the value of efficient tools at unbeatable prices is key to maintaining a competitive edge. Enter Microsoft Visio 2021 Professional, available for just $19.97, offering a lifetime license that provides all the essential tools to bring your complex processes into sharp focus without…
Abolis Biotechnologies, a pioneering French startup specializing in microbial solutions for industrial applications, has successfully raised €35 million in a new funding round. This investment is led by a consortium of prominent international investors, including BOLD, L’Oréal’s venture capital fund, Evonik Venture Capital, and several impact-focused funds such as DeepTech & Climate Fonds…
Commerce and Industry Minister Piyush Goyal is set to launch the Bharat Startup Knowledge Access Registry (BHASKAR) on Monday, a groundbreaking initiative aimed at revolutionizing the startup landscape in India. BHASKAR is envisioned as a central digital hub designed to enhance collaboration among startups, investors, mentors, service providers, and government bodies, fostering a more integrated…
The Competition Commission of India (CCI) has unveiled a significant antitrust investigation revealing that major smartphone manufacturers, including Samsung, Xiaomi, Motorola, Realme, Vivo, and Lenovo, allegedly colluded with e-commerce giants Amazon and Flipkart. This alleged collusion involved exclusive product launches and preferential treatment, breaching local competition laws and raising…
Moneyview, a leading consumer lending platform, has achieved unicorn status following a recent funding round that brought in new capital from existing investors. The company raised INR 38.64 crore (approximately USD 4.65 million) by issuing 60,23,382 equity shares at INR 64.15 each. Major contributions came from Accel India, which invested INR 29 crore, and Nexus Ventures, which added INR 19…
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Polymatech Electronics, a leading Chennai-based opto-semiconductor chip manufacturer, has announced a significant investment of $16.2 million (approximately INR 136 crore) in Bahrain. This investment marks the first phase of the company’s ambitious plan to expand into the Middle East and North Africa (MENA) region. Over the next few years, Polymatech aims to invest more than $100…
Onsurity, a leading employee healthcare platform, has successfully raised $45 million in a Series B funding round led by private equity firm Creaegis. This latest round saw contributions from existing investors, including the International Finance Corporation (IFC), Quona Capital, and Nexus Venture Partners. This marks the conclusion of a funding process that began with an initial tranche raised…
Mark Zuckerberg, CEO of Meta, recently opened up about a significant regret from his two decades of leading Facebook, now Meta. During a live event for the “Acquired” podcast at San Francisco’s Chase Center, Zuckerberg described a “20-year mistake” related to how Meta has handled various controversies and criticisms over the years.
Zuckerberg’s Reflection on Apologies and…
