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Omicron surge pressures China to reinforce its ‘zero-COVID’ strategy
As the lockdowns enter their third year, China reiterates its zero-COVID strategy, claiming that the widespread of the presumably milder Omicron variant is no cause to relax its guard despite warnings of economic disruptions and even public upheaval. While other countries discuss the move from pa... Read More
Equity firm Ardian to acquire Biofarma Group for USD 1.2 billion
Ardian, a Europe-based private equity firm, has reportedly secured a USD 1.26 billion deal to acquire Italian drug maker Biofarma Group, making this the second major transaction in less than a year. The deal will allow the private equity firm to enter into the flourishing dietary supplements spac... Read More
Strong recovery of U.S. companies under pressure by Omicron turbulence
Several companies in the United States are reportedly grappling to recover especially amidst the widespread outbreak of the Omicron variant, ongoing supply chain crisis, and labor shortage. Although the roll-out of vaccines and the easing restrictions had raised hopes of a potential boon and reco... Read More
D2C beverage firm Lahori bags USD 15 million investment from Verlinvest
Lahori, a direct-to-consumer beverage firm, has reportedly secured an investment of USD 15 million from Verlinvest, a consumer-focused investor based in Belgium, in exchange for a minority stake. Actual details of how much stake Verlinvest has acquired is yet to be known. Punjab-based Lahori will... Read More
China-based GoodWe rebrands itself as a ‘Smart Energy Innovator’
Chinese clean energy solution enterprise GoodWe has reportedly refreshed its brand to keep up with the evolving new energy space. The rebrand will bring focus on digitalization and collaboration aspects of its business. Notably, the epicenter of this new brand identity is its commitment to using ... Read More
U.K. firms to make heavy investments in 2022 to combat labor shortages
According to a survey conducted by Deloitte, major British companies are reportedly making plans for hefty investments in 2022 for addressing the strong market demand and responding to climate change amidst growing labor shortages. Nearly 37% of chief financial officers felt that high capital spe... Read More
Visual collaboration firm Miro bags USD 400 Mn in Series C funding
Miro, a visual collaboration organization has reportedly raised USD 400 million in a Series C fundraising round, bringing its valuation to USD 17.5 billion. The round was led by Iconiq Growth and fellow investors including Atlassian, Dragoneer, Accel, Salesforce Venture, GIC, and TCV. Airtable co... Read More
DCGI approves Bharat Biotech’s nasal COVID-19 booster shot trials
Bharat Biotech reportedly received approval from India's drug regulator to start late-stage trials of its nasal coronavirus vaccine to be administered as a booster dose. In December, the Hyderabad-based company filed a late-stage trial application with the Drugs Controller General of India (D... Read More
Exotel secures USD 40 million in Steadview Capital-led Series D funding
Cloud communication startup Exotel has reportedly raised USD 40 million in a Series D funding round that was led by Steadview Capital. The startup intends to revolutionize its platform into a primary interface for full-service customer interaction. According to reports, the fresh funds will be ut... Read More
Groyyo raises USD 4.6 million seed funding to expand global presence
Groyyo intends to hire new talent across key manufacturing clusters in South Asia. It is also working on establishing its presence across the United States and MEA. B2B manufacturing and automation company Groyyo has reportedly raised USD 4.6 million in a seed funding round led by F... Read More