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…
AppsForBharat, the company behind the popular devotional app Sri Mandir, has successfully raised $18 million in its Series B funding round. The investment was spearheaded by Nandan Nilekani’s Fundamentum, with additional support from Susquehanna Asia VC, as well as existing investors Elevation Capital, Peak XV, and Mirae Asset VC.
The fresh capital will be allocated to expanding the Sri Mandir…
Drip Capital, a digital trade finance platform, has successfully raised $113 million in a recent funding round, combining equity and debt to further its growth and diversify its product offerings for small and medium-sized businesses (SMBs) in key markets such as India and the US.
This funding round includes $23 million in equity from Japanese institutional investors GMO Payment Gateway and…
Indian water technology firm VA TECH WABAG Limited has clinched a massive $317 million contract with the Saudi Water Authority. The deal is for the engineering, procurement, construction, and commissioning of a colossal 300 million liter-per-day sea water reverse osmosis desalination plant in Yanbu, Saudi Arabia.
The plant, which is expected to be completed in 30 months, will employ advanced dual…
Darwinbox has announced the promotion of Vineet Singh from Chief Technology Officer (CTO) to Co-Founder, marking a significant milestone for the HR tech platform. Founded in 2015 by Jayant Paleti, Rohit Chennamaneni, and Chaitanya Peddi, Darwinbox specializes in comprehensive HR functions including employee onboarding, attendance, and payroll. The company has garnered support from global investors…
FirstCry, the leading Indian omnichannel retailer specializing in baby and mothercare products, has reported a significant reduction in its losses for the first quarter of FY25 and announced a major investment in its UAE operations. The company, under its parent entity Brainbees Solution, achieved a 31.4% reduction in losses, reflecting its ongoing strategic focus on global expansion and…
Nazara Technologies Limited, a prominent Indian gaming company, is advancing its international expansion strategy with two major announcements this month. On August 21, 2024, the company revealed plans to invest up to £21.2 million (about ₹229.4 crore) in its UK subsidiary to fund the acquisition of Fusebox Games Ltd.
The investment will be split into a share subscription of £4,236,246…
Mars, Inc., a towering figure in the global market, has transformed from a small candy business into a leading multinational corporation. Founded by Frank C. Mars in 1911 in Tacoma, Washington, the company initially sold buttercream candies from his home. A move to Minneapolis in 1920 marked the beginning of Mars’ success with the Milky Way candy bar, introduced in 1923. The company’s growth…
OYO, the IPO-bound travel tech unicorn, has reported its first-ever net profit of ₹229 crore for the financial year ending March 2024, according to its latest annual report.
Ritesh Agarwal, the founder of OYO, took to X (formerly Twitter) on Wednesday to celebrate the milestone. He acknowledged that the results surpassed his earlier projection of ₹100 crore for the fiscal year 2023-24. “One…
In the landscape of Indian business success stories, few are as remarkable as Fevicol’s journey from a modest adhesive to a colossal empire. With a market dominance of 70% and an empire worth over ₹11,000 crores, Fevicol’s story is more than just about glue; it’s about vision, branding, and market adaptation. This article explores the ingredients behind Fevicol’s extraordinary success…
