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Dubai-based truck aggregator Trukkin raises over $3.5 million

Published Date: 2019-05-27         Author: Pankaj Singh

Trukkin, a Dubai-based techno-logistics transportation firm collected over $3.5 million in a recent funding round. The firm plans to scale up its services across the Gulf Cooperation Council (GCC), cites source. For the record, launched in 2017, Trukkin provides digital solutions to long-haul tru... Read More

Taco Bell to launch 700 new outlets in India, New Zealand & Australia

Published Date: 2019-05-25         Author: Pankaj Singh

Of the 700 new outlets, 600 would be launched across India under its massive franchise deal with Burman Hospitality Pvt Ltd. With the launch of 600 units, India would become the company’s largest market outside of its home country. Taco Bell, a renowned American fast-food company, ha... Read More

Biotechnology startup Biofourmis raises $35 million in Series B round

Published Date: 2019-05-24         Author: Pankaj Singh

Biofourmis, a biotechnology startup recently announced that it has collected $35 million in a Series B round led by venture capital company Sequoia Capital India & US-based MassMutual Ventures, along with existing investors like- Openspace Ventures, Aviva Ventures, the corporate venture capital ... Read More

Freshworks acquires U.S.-based customer success service firm Natero

Published Date: 2019-05-23         Author: Pankaj Singh

Freshworks, a cloud-based customer engagement company, recently announced its acquisition of Natero, a leading customer success cloud software. The acquisition is expected to provide Freshworks with a SaaS platform that combines sales, marketing, support & customer success, cites source. Fres... Read More

Royal Dutch Shell’s India unit opens first lubricant lab in India

Published Date: 2019-05-22         Author: Pankaj Singh

Royal Dutch Shell’s India unit has recently announced that the company has opened its first lubricant laboratory in Bengaluru, its technological center. The company plans to expand its Research and Development (R&D) efforts for the country, as well as internationally, reports source. Sh... Read More

Snapsheet closes its Series E investment round at $29 million

Published Date: 2019-05-21         Author: Pankaj Singh

The funding would be further accelerating the company’s ongoing efforts of facilitating wider claims management solutions on a global level. Following the Series E round, the total capital raised by the company has reached the $71 million mark. Snapsheet, a renowned pioneer of virtua... Read More

ONGC, GIP & Tripura govt looking to acquire interest of IL&FS in OTPC

Published Date: 2019-05-20         Author: Shikha Sinha

Oil and Natural Gas Corporation (ONGC)- India’s state-run oil & gas firm, Global Infrastructure Partners (GIP) and the government of Tripura, a state in northeast India, are reportedly looking to acquire the INR 3,804 crore stake Infrastructure Leasing & Financial Services Ltd (IL&... Read More

Brazilian court lifts one of two restrictions on Norsk Hydro plant

Published Date: 2019-05-18         Author: Pankaj Singh

The federal court in Belem, Brazil has reportedly lifted one of two production restrictions on a key plant owned by Norsk Hydro, the Norwegian metal manufacturer said in a statement. As per trusted sources, the Alunorte alumina refinery, which is a main supplier to the aluminum industry, presentl... Read More

Mahindra Partners makes Rs 226 crore investment in Centre for Sight

Published Date: 2019-05-17         Author: Shikha Sinha

Mahindra Partners, the private equity and corporate venture capital arm of Indian conglomerate Mahindra Group, has recently announced that it would be investing Rs 206.5 crore in eye care chain Centre for Sight. With this move, Matrix Partners India would be able to completely shed its stake in the ... Read More

Amazon partners with British company Next for click & collect service

Published Date: 2019-05-16         Author: Pankaj Singh

Amazon has declined to unveil the commercial terms of its Counter partnerships or amount of investment in the initiative. The leading e-commerce giant Amazon has reportedly partnered with the U.K. based clothing chain Next to offer a network of stores where the British customers of Amazon can co... Read More

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