Reliance Industries has acquired 5.56 per cent equity stake in technology startup Vakt Holdings Ltd, UK (VHL), for $5 million (approx Rs.35 crore). The company has acquired the equity stake in VHL, a closely held startup entity which is expected to run its energy-focused blockchain startup early next year.
Last Month's Deals
Delhi/NCR-based online fashion store High Street Essentials Pvt Ltd (HSE), which owns women-centric fashion brands, FabAlley and Indya, has raised $8.54 mn (Rs.60 cr.) in a Series B funding round from SAIF Partners. The company plans to use the fresh funds for increasing distribution, product expansion, brand-building efforts and strengthening its technology operations.
UK-based global thread manufacturer Coats has acquired Singapore-headquartered Threadsol, a cloud-based digital applications provider, in a cash deal of $12 mn (Rs.84.2 Cr). The Threasol products will complement its existing software offerings and will together come up with solutions for the apparel and footwear industries.
Logistics startup BlackBuck has raised $12.43 million (Rs 87.02 crore) in a funding round led by existing investor Sands Capital, and International Finance Corporation (IFC). Sands Capital has invested Rs 50.78 crore ($7.25 million) in the current round while IFC has pumped in the rest. The new round has valued the company at $202-207 million.
Indian conglomerate Reliance Industries Ltd has agreed to acquire 88 per cent stake in renewable energy services firm Kanoda Energy Systems Pvt. Ltd for Rs 75 crore (about $10.8 million) in an all-cash deal. The acquisition will help Reliance Industries’ initiatives to use renewable energy sources.
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