Funding News: Latest News on Funding from the Tech world

A naukri.com initiative

New

Home

Funding News

Bloomberg Quint

123

Image Credit: Bloomberg Quint

Agro Tech To Buy Ketchup-Maker Del Monte Foods For Rs 1,300 Crore

Agro Tech is set to acquire Del Monte Foods Pvt. for Rs 1,300 crore.
Upon completion of the acquisition, Del Monte Foods will become a wholly-owned subsidiary of Agro Tech.
The acquisition is expected to conclude within nine months following necessary regulatory clearance.
Agro Tech aims to capitalize on Del Monte's established product line to cater to both retail and institutional clients.

Read Full Article

7 Likes

Eu-Startups

Barcelona-based Biorce secures €3.5 million aiming to transform clinical trials through AI

Barcelona-based Biorce has raised €3.5 million in a funding round to develop its AI model, Jarvis, aimed at improving clinical trials.
Jarvis will streamline data accessibility in clinical trials by offering real-time, cross-referenced data access for patients, physicians, and researchers.
Biorce aims to address challenges in clinical trials, such as inefficiencies and data fragmentation, through its multi-modality platform and AI model.
The investment will support Biorce in enhancing clinical trial efficiency and bringing new treatments to market.

Read Full Article

4 Likes

Bloomberg Quint

Image Credit: Bloomberg Quint

Maharashtra Elections: Shameebha Patil Breaks New Ground As State's First Transgender Candidate

Shameebha Patil, a transgender candidate, is running for the Raver constituency in the Maharashtra assembly elections representing the Vanchit Bahujan Aghadi.
She is a passionate advocate for the rights of transgender people, tribals, and marginalized communities.
Patil is focusing on addressing the health, financial, and social security concerns of women workers in the banana cultivation region.
She aims to bring about substantial improvements in the lives of marginalized communities and fight for transgender rights.

Read Full Article

Bloomberg Quint

145

Image Credit: Bloomberg Quint

Potato, Other Vegetable Prices Drive Wholesale Inflation 2.36% Higher In October

Wholesale food prices increased by 11.59% in October, driving wholesale inflation to 2.36%.
Potato and vegetable prices rose significantly, with potato prices increasing by 79%.
Fuel and power prices dropped by 5.79% on an annual basis.
Manufactured products became costlier by 1.5% in October.

Read Full Article

8 Likes

Discover more

Bloomberg Quint

Image Credit: Bloomberg Quint

Bharat Forge Q2 Results: Net Profit Up 13.6% Despite Revenue Dip

Bharat Forge reported a 13.6% YoY growth in net profit for Q2 FY25.
Revenue fell by 2.3% YoY to Rs 3,689 crore.
Operating income rose 4.2% YoY to Rs 647 crore.
The company secured new orders worth Rs 1,207 crore during the quarter.

Read Full Article

5 Likes

Eu-Startups

170

Zurich-based Founderful closes a €133 million fund, aiming to establish a strong foothold in the Swiss tech ecosystem

Swiss pre-seed fund Founderful has closed its second fund at €133 million.
The oversubscribed round highlights strong investor confidence in Founderful's focus on Swiss tech talent and innovation.
Founderful's Fund I, valued at €85.5 million, yielded positive results with portfolio companies creating jobs and attracting follow-on funding.
Founderful plans to expand its support for early-stage breakthroughs in technology, reinforcing partnerships with academia and industry.

Read Full Article

10 Likes

TechJuice

Image Credit: TechJuice

Pakistani Startups Secure $32 Million in FY2024-25 Amid Rebounding Investment Climate

Pakistani startups raised $32 million in the first four months of the financial year 2024-25.
The funding milestone indicates increased investor confidence in the country's entrepreneurial ecosystem.
Notable transactions include COLABS raising $2 million and Abhi securing $15 million in funding rounds led by Shorooq Partners.
The improving economic conditions, reduction in policy rates, and efforts by organizations like SIFC contribute to the favorable investment climate.

Read Full Article

4 Likes

Bloomberg Quint

Image Credit: Bloomberg Quint

RateGain Q2 Review - Results Beat But Lowers FY25 Guidance On Weak Deal Wins: Dolat Capital

RateGain's Q2 results beat expectations but the company lowered its FY25 guidance due to weak deal wins.
According to Dolat Capital, macro trends and the company's market position remain healthy.
The brokerage notes that RateGain's Q2 performance was strong, but the reduction in guidance indicates challenges in securing new deals.
RateGain is a hospitality and travel technology solutions provider.

Read Full Article

1 Like

Bloomberg Quint

Image Credit: Bloomberg Quint

Exide Q2 Results Review - Demand Weakness Hurts Margins: Motilal Oswal

Exide Q2 Results Review - Demand Weakness Hurts Margins: Motilal Oswal.
The brokerage reiterates its Neutral rating on the stock with a revised target price of Rs 435.

Read Full Article

4 Likes

Bloomberg Quint

348

Image Credit: Bloomberg Quint

Jupiter Wagons Q2 Results Review - The Outlook Remains Strong, Maintain Buy: Systematix

Jupiter Wagons Q2 results review: The outlook remains strong, Maintain Buy.
The company's robust order book, strategic acquisitions, and emphasis on innovation to drive future growth and value creation bode well, says Systematix.

Read Full Article

20 Likes

Bloomberg Quint

262

Image Credit: Bloomberg Quint

Delhi Covered In Thick Smog As Air Quality Remains In ‘Severe’ Category, AQI At 432

Delhi residents woke up to thick smog and 'severe' air quality with an AQI of 432, as per CPCB data.
Several areas in Delhi recorded 'severe' AQI, with Anand Vihar at 473, Dwarka at 457, and RK Puram at 457.
Neighboring cities of Ghaziabad, Noida, and Gurugram also experienced bad air quality.
An episodic event of dense fog led to the 'severe' category, and IndiGo issued a travel advisory due to reduced visibility.

Read Full Article

15 Likes

Bloomberg Quint

284

Image Credit: Bloomberg Quint

EPL Q2 Results Review - Europe, The Americas Propel Operating Performance: Motilal Oswal

Motilal Oswal Financial Services states that EPL has achieved its sustainable margin target of ~20% in Q2.
The company is experiencing growth across regions, with Europe and the Americas driving operating performance.

Read Full Article

17 Likes

Bloomberg Quint

Image Credit: Bloomberg Quint

Why CLSA Is Cautious On Bharat Heavy Electricals Despite Thermal Power Project Win

Bharat Heavy Electricals Ltd. (BHEL) has won a major order in India's thermal power sector, securing a 16% inflow of NTPC's tender for the current fiscal.
CLSA, while raising its target price on BHEL, remains cautious and maintains an 'underperform' rating due to valuation concerns.
Despite the uptick in orders, BHEL's current valuation is viewed as overpriced, trading at a steep 40 times its estimated earnings per share for fiscal 2026.
CLSA highlights the highly competitive nature of BHEL's diversified sectors (such as defence, railways, and coal gasification) and the potential challenge from rival Larsen & Toubro Ltd. in thermal power equipment.

Read Full Article

Global Fintech Series

10h

121

Image Credit: Global Fintech Series

Majority of banks and insurers struggle to maximize the value from their cloud investments

Less than 40% of financial services executives are highly satisfied with their cloud outcomes.
Most banks and insurers adopt cloud solutions with the primary business objective to drive operational efficiency (84%).
Fintechs and insurtechs pursue cloud to accelerate sales (62%).
Challenges are due to firms taking a lift-and-shift approach to cloud migration.
Fewer than 40% of executives say they are highly satisfied with their cloud solution’s outcomes broadly.
Banks and insurers face multiple challenges handling financial data like legacy systems impeding siloed data integration (71%).
81% of executives find the lack of appropriate technology impedes their business goals.
Traditional financial institutions currently fall short in maturity and skills needed for AI, predictive analytics, and robotic process automation.
Only 12% of financial services organizations can be considered ‘cloud innovators’.
To accelerate operational efficiency and innovation, the report suggests banks and insurers must apply a data-driven, cloud-focused approach.

Read Full Article

7 Likes

Bloomberg Quint

10h

203

Image Credit: Bloomberg Quint

Zinka Logistics IPO Subscribed 29% So Far On Day Two— Check GMP

Zinka Logistics Solutions Ltd, parent company of Blackbuck, has been subscribed 29% on its second day of IPO, after being subscribed 24% on the first day.
Chittorgarh’s unit InvestorGain shows GMP of nil on the opening day, meaning there’s no gain over the IPO price.
Zinka operates a digital transportation service and it has valued its IPO at Rs. 1,114.7 crore.
The issue consists of a fresh issue of shares worth Rs 550 crore, and an offer for sale of up to Rs 565 crore.
Grey market premium (GMP) of Zinka Logistics IPO was nil as of 8:54 a.m, indicating no increase over the IPO Price.
BlackBuck commercial does a variety of digital logistics services, including vehicle financing, fuel cards, FASTag services.
Zinka Logistics is the parent of digital trucking services platform Blackbuck, which is backed by Flipkart. The company has around 9.63 lakh customers on its platform.
Promoters Rajesh Kumar Naidu Yabaji, Ramasubramanian Balasubramaniam and Chanakya Hridaya are selling a combined 44.38 lakh shares.
Axis Capital Ltd., Morgan Stanley India Co., JM Financial Ltd. and IIFL Securities Ltd. are the book running lead managers.
IPO has a price range of Rs. 259 to Rs. 273 per share. The total issue size is Rs. 1,114.7 crore.

Read Full Article

12 Likes

For uninterrupted reading, download the app