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Tag: investment (page 1 of 2)

TransUnion close to finalising $3.1B deal for Neustar

A report from the Wall Street Journal has stated that real-time info and analysis company TransUnion is close to buying information services firm Neustar in a deal close to $3.1B. While both companies denied any request for comment on the matter, the report states that the move can help TransUnion diversify into digital marketing. Neustar was bought by an investment group led by private equity firm Golden Gate Capital, in a deal valued at $2.9B in 2017.

Source: Transunion

Web Werks to invest Rs 750 cr to build data centre in Bengaluru

Web Werks and the Karnataka government have agreed on the building up of a data centre in Bengaluru. The former will be investing Rs 750cr for the proposed data centre which is expected to be fully operational in the next two years. The data centre will possess a capacity of 20MW with scope for expansion. Web Werks recently acquired land in Rabale to build its Navi Mumbai data centre and made an investment of Rs 400cr.

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upGrad acquires Impartus, to invest Rs 150 cr in buyout, growth

upGrad has acquired video-enabled solutions provider Impartus and has committed Rs 150 cr funds for the buyout and growth. Impartus will be rebranded as ‘upGrad Campus’ and have B2C and B2B verticals, as it aims to close FY22 with Rs 85 cr of revenue. Founders Amit Mahensaria, Alok Choudhary and Manish Kumar will run the business independently. Impartus has 280 higher education institutes, 50,000 teachers, and 6 lakh learners on board.

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HDFC invests Rs.10 cr for 1.5% stake of Grameen e-store

HDFC strategically invested Rs.10 cr for a 1.5% stake in Grameen e-store to increase its reach to the rural areas. Grameen, e-store, will utilise the funds to expand its technology, product portfolios, and distribution channels. With the partnership with Pepsi, coca-cola, and Bharat petroleum it has made a sale of 22.5 lakh orders with a value of Rs.252 cr, since April last year. As 60-70% of Indians reside in semi-urban/rural areas, improving technology for growing the economy is a must.

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Wipro opens Innovation Centre in London, to invest  GBP rpt GBP 16 mn in 4 years

Wipro announced the setting up of an Innovation Centre in London and said that will invest GBP rpt GBP 16 mn in the next four years in the 20,000 sq. ft. center. Wipro’s proposed flagship center in the UK will provide advanced digital, cyber-security, and cloud expertise and offer tech expertise to companies in the UK and globally. The year 2021 marks Wipro’s 75th global anniversary, and 25 years in the UK, where it employs over 4000 people.

Airtel Africa’s mobile money business gets Mastercard backing

Airtel Africa said that Mastercard will invest ₹733 cr in its wholly-owned subsidiary Airtel Mobile Commerce BV to own a minority stake in the subsidiary.  Media reports said that Mastercard will have around 3.75 % stake in the firm which is, at present, the holding company for several of Airtel Africa’s mobile money operations. The transaction will help to reduce Group’s debt, invest in network and sales infrastructure.

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SAP to invest 500 cr to promote a multi-cloud strategy

SAP will invest  Rs 500 cr in India to push its multi-cloud strategy and create multiple cloud solutions in its data centres to cater to the local customers. Scott Russell, SAP’s global head for customer success said the company was looking at how businesses would start functioning in the aftermath of the pandemic. Russell said he believed that an investment in the cloud will allow the Indian firms to transform faster, greater flexibility and deal with data in an inefficient manner.

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Ratan Tata to exit his investment in Lenskart with 5x return

Ratan Tata to exit his investment in Lenskart Solutions. As many as 24,246 shares held by Ratan Tata will be converted into common equity shares for secondary sale, said media reports. Tata has purchased these shares at Rs 2 per share, as per the company’s regulatory disclosures. The Lenskart board gave the responsibility of monitoring the company’s equity-based remuneration plan for employees to Lenskart ESOP Trust.

Salesforce makes its first India investment in HR tech platform Darwinbox

Salesforce has chipped in $15 mn into HR tech platform Darwinbox. The round saw participation from Sequoia Capital, Lightspeed India, Endiya Partners and 3one4 Capital. The company, including the latest round, has raised $35 mn. Darwinbox, the third-largest HR cloud provider after SAP and Oracle in India, wants to become the leader in the next two years. The platform services 500 firms globally, touching 1 mn employees in 60 countries.

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