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The Saudi Arabian General Investment Authority (SAGIA) on Wednesday signed four investment agreements worth more than $28 million and 11 memorandum of understanding (MoUs) during the visit of Crown Prince Mohammed Bin Salman. This is besides five governmentto-government pacts signed by the two sides across infrastructure, energy and tourism sectors. Saudi Arabia also decided to join International Solar Alliance. The SAGIA announcements cover a range of partnerships across strategic growth sectors, including energy and water, technology, arts and entertainment, healthcare, trade and investment. This reflects the strength and diversification of the Saudi economy, as well as the opportunities being unlocked for private sector businesses by widespread economic and social reforms as part of Vision 2030.
Singapore-and Gurugram-based adtech startup, SilverPush, has raised $5 mn Series B funding led by Japan’s marketing company FreakOut Holdings, as it gears up to deploy its artificial intelligence (AI) technology for over-the-top (OTT) players in the Asia-Pacific region.
Zebi, a leading blockchain company had acquired Element42, a Bengaluru-based blockchain start-up for an undisclosed sum. Zebi has made the acquisition to bolster the strength of its in-house blockchain engineering talent while adding new products and customers.
CP Kukreja Architects (CPKA) has acquired the Indian arm of Chicago-based design firm dbHMS. CPKA Managing Principal Dikshu C Kukreja said in a statement, this acquisition would enable the company to provide world-class expertise to its clients in India. With this acquisition, the company plans to expand in Africa and South-Asian countries.
Internet first intelligent apparel brand Turms has raised an additional Rs.2 crore angel funding after hitting a Rs.24 crore revenue run rate, making it one of the fastest growing internet first apparel brands. The company now plans to set up offline experience centers in top Indian cities to increase brand penetration.
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