McKinsey & Company has acquired ET Medialabs (ETML), a performance marketing and analytics agency based in India. This acquisition enhances McKinsey’s Digital Marketing Operations and Technology (DMOT) capabilities, aiming to improve performance and return on investment (RoI). With ETML onboard, McKinsey will now have over 200 digital marketing professionals—including analysts, performance marketers, and data scientists—spread across Asia and Latin America.

Rajat Dhawan, Managing Partner of McKinsey India, stated that this move builds a “critical strategic muscle” combining digital marketing expertise, tech-enabled capabilities, and a modern operating model. He emphasized that the acquisition supports McKinsey India’s vision of creating high-performance teams and growth platforms.

McKinsey’s partnership with ETML began two years ago. Since then, they’ve conducted 20 pilot tests for more than 15 clients across India, Thailand, Indonesia, and Japan. Eunjo Chon, Senior Partner at McKinsey Seoul, highlighted the immediate impact seen from ETML’s efforts—results typically expected only after 6–12 months.

ETML brings with it a proprietary tool based on over a decade of work, drawing from more than 100 analytics frameworks, machine learning models, and ad experiments. Their platform enables cross-platform monitoring, ad waste reduction, and campaign optimization—cutting digital ad spend time by 66% and campaign impact time by 62%.

argeting scale-ups, unicorns, and multinationals, ETML helps brands grow by aligning deeply with customer needs. Companies that prioritize this level of customer insight are growing 28% faster than their peers.

McKinsey emphasized that today’s marketing success demands a new blend of capabilities—digital strategy, technology, and operating model transformation. Vincent Cremers, a senior partner leading McKinsey’s Growth, Marketing & Sales Practice, noted that ETML strengthens McKinsey’s ability to deliver rapid, measurable client impact.

Sudipto Paul, another partner in the practice, added that this integration will empower McKinsey to better help clients maximize digital investments, personalize customer engagement, and unlock long-term growth.

CHENNAI, India, Sept. 30, 2024 /PRNewswire/ — Saksoft, a leading Technology services provider, today announced the acquisition of CEPTES Software Private Limited, a recognized expert in Salesforce services, headquartered in Bengaluru, Karnataka.

Saksoft stated that it anticipates the transaction will be closed within 4 weeks, pending customary closing conditions. This strategic acquisition will significantly help Saksoft expand its capabilities around Salesforce solutions, cloud innovation, and customer experience optimization.

CEPTES, with its 15+ years of experience and as a Salesforce Summit Partner, leverages Salesforce’s full ecosystem, from Sales Cloud and Service Cloud to advanced platforms like Einstein AI and Data Cloud, helping businesses optimize their processes and enhance customer engagement.

“We are thrilled to welcome CEPTES into the Saksoft family,” said Mr. Aditya Krishna, Chairman and Managing Director, Saksoft. “CEPTES’ expertise, combined with our industry focus, will enable us to deliver comprehensive, data-driven solutions tailored to the specific needs of our customers, across the Fintech, Logistics, Hi-tech, and Retail verticals. Our goal is to empower organizations to leverage actionable insights, optimize operations, and drive growth, while enhancing customer satisfaction.”

“This acquisition marks an exciting new chapter for CEPTES,” stated Harish Kumar, co-founder of CEPTES.

“Today marks a transformative moment for CEPTES Software,” said Priya Ranjan, CEO of CEPTES. “Our shared vision of leveraging Salesforce technology will enable us to become a powerhouse for Salesforce solutions. Together, we are committed to delivering exceptional value to our clients and driving innovation with AI and Data in the enterprise technology space, enhancing efficiency and facilitating digital transformation across key industries.”

Niraj Ganeriwal, COO and CFO, Saksoft, said, “We are excited about this acquisition, as it unlocks significant synergies by expanding our innovation capabilities and providing access to a technical talent pool. This acquisition strengthens our alignment with our clients’ digital priorities, further reinforcing our commitment to the Salesforce ecosystem.”

About Saksoft Group

Saksoft Group (www.saksoft.com) specialises in Enterprise Applications, Augmented Analytics, Intelligent Automation and Enterprise Cloud. The group is headquartered in Chennai, India, and has 16 offices across USA, Europe, and Asia, employing over 2000 employees.

Visit Health, a healthtech platform, recently announced the successful raise of over ₹250 crore through a combination of primary capital infusion and secondary purchase of shares held by Docprime Technologies, a wholly-owned subsidiary of PB Fintech, along with contributions from other promoters and employees.

This capital infusion is set to fuel the company’s ambitious growth strategy across three critical pillars: people, network, and technology.

“We are looking at using this fund for three main pillars of any company, which is people, network, and technology. So we would appreciate good, like-minded folks joining our team. And obviously, the network is going to play a very critical role in primary health care,” Vaibhav Singh, Co-Founder & MD of Visit Health stated in an interview with CNBC-TV18.

He emphasised the importance of expanding the network to include preferred doctors and clinics in Tier-II, III, and IV cities and enhancing technological capabilities to provide a seamless, cashless healthcare experience.

Visit Health’s commitment to bridging the gap in primary healthcare is further evident in its comprehensive service offerings. Singh highlighted that the platform covers all aspects of primary healthcare, which is essential for day-to-day health management before hospitalisation.

SBCDC acquires Interra for $7.5 million
Stakeboat Capital-backed IT services firm SBCDCSoftware private Limited,whichspecializes in niche IT services segments as wellas engineer- ing design, has completed its firststrategicacquisition, said people in the know.
SBCDC pickedupamajority stakeinautomobile-focus IT services firm interra IT, the people said. The Deal is likely worth $7.5 million said one of the people seeking anonymity.
Since its investment in Bengaluru-Based SBCDC, the mid market private equity had been trying to strengthen the firm,s core businesses via- stra-tegicacquisitions.
A stakebot spokeperson confirmed the developement. “Our vision was to build a top-“tier platform that offers high- end services to businesses in theautomobile and healthcare sectors. Interra garners a bulk of its revenue from these sec- tors, positioning it as a favour-firm can deliver high double- digit margin on a steady state basis,” he added.
With a workforce of around 350employees, Interraoffers product engineering, applica-tion development and infrastructure management solutions, catering to automobile, healthare and retail sectors. Its has presence in the US, the UK and Australia.

The firm had posted consol- idated net sales of 40 crore in FY22, compared to 26 crore a year ago. Interra also turned profitable in FY22, according to VCCEdge, the data intelli- gence platform of VCCircle.
SBCDC marks Stakeboat’s third investment fromitssec- ond fund. Other investments includeChennai-basede-pub- lishingservicesfirm, Newgen DigitalWorks Pvt. Ltd, and healthcare startup Sukino HealthcareSolutions.
According to people track- ing the development, SBCDC is likely to make 2-3 acquisi- tions, each with a ticket size of upto 100 crore.
India’s informationtechnol- ogy sector has been a favourite hunting ground for PE firms in recent years. Americanbuyout giants Blackstone and Carlyle, along with the UK’s Apax Part- ners and homegrown True North, are among several that have invested in IT companies.
Last October, True North had picked upa minority stake in iLink Digital for $75 million. In June 2023, growth-stage investor A91 Partners backed Chennai-based Kaar Tech.
Accordingtothe Stakeboat management, the seven-year- old PE firm has evaluated over 800 companies before making five investments from its first fund, including Leixir Resour- ces, Sankalp Semiconductor, LeadSquared, Ozonetel Com- munications and Dvara KGFS.
Stakeboat exited Sankalp and Leixir in 2019 and 2021, respectively, and sold a major- ity stake in LeadSquared the followingyear.

UK-based InVentry acquires Hipla Tech to become a leading provider of smart workplace solutions

The acquisition is part of InVentry’s global expansion plan and will support their international growth strategy across both Singapore and India.
Chennai (1.8 MSF) follows next to get into the list of top five contributors for the quarter, data released by Cushman and Wakefield said.(Representative Image)
InVentry, a UK-based global leader in technology solutions, has acquired Singapore-based Hipla Technologies, a pioneer in smart workplace management solutions. The acquisition is part of InVentry’s global expansion plan and will support their international growth strategy across both Singapore and India.

The acquisition will enhance InVentry’s product portfolio, helping to strengthen the company as a leading provider of smart workplace solutions, while also benefiting their existing customer base of over 10,000 organisations across education and business sectors, who will now have access to Hipla Technologies’ innovative solutions.

Speaking on the occasion, Sandeep Kaul, CEO of Hipla Technologies and the new company, said, “We are excited to become part of the InVentry family. The acquisition helps to strategically position Hipla Technologies for accelerated growth by giving it access to global markets and a larger product portfolio.”

This acquisition is a significant milestone for both companies, strengthening their position in the dynamic “worktech” sector. Hipla Technologies’ expertise in smart office solutions, combined with InVentry’s global reach and extensive product offering, creates a powerful synergy that will drive innovation and transform the way businesses work around the world.
“This partnership will reaffirm the company’s commitment to providing smart technology and seamless experiences to all customers”, added Kaul.

It will also accelerate the development of new technologies that enable businesses to optimise workplace solutions, improve visitor experience, and increase operational efficiency. Hipla operates in the B2B and SaaS space across high-tech, energy tech, real estate, construction, and environmental sectors. Some of their customers include Prestige, People Strong, Whiteland, Sattva and ATS as well as various other leading brands.

“InVentry is excited to welcome Hipla Technologies to our family,” said Phil Lawson, Director of InVentry. “The acquisition fits perfectly with our growth strategy and positions us as a leader in the smart workplace industry. We believe Hipla Technologies’ expertise, combined with InVentry’s global reach and diverse product offering, will drive innovation and enable us to deliver unparalleled workplace solutions to businesses around the world.”

UK-Based InVentry Acquires Hipla Technologies

The acquisition is part of InVentry’s global expansion plan and will support their international growth strategy across both Singapore and India.
The acquisition will enhance InVentry’s product portfolio, helping to strengthen the company as a leading provider of smart workplace solutions, while also benefiting their existing customer base of over 10,000 organisations across education and business sectors, who will now have access to Hipla Technologies’ innovative solutions, said the company in an official release.

“The acquisition helps to strategically position Hipla Technologies for accelerated growth by giving it access to global markets and a larger product portfolio. Also, this acquisition is a significant milestone for both companies, strengthening their position in the dynamic worktech sector. Hipla Technologies’ expertise in smart office solutions, combined with InVentry’s global reach and extensive product offering, creates a powerful synergy that will drive innovation and transform the way businesses work around the world,” said Sandeep Kaul, CEO, Hipla Technologies.

Hipla operates in the B2B and SaaS space across high-tech, energy tech, real estate, construction, and environmental sectors. As per the company, some of their customers include Prestige, People Strong, Whiteland, Sattva and ATS as well as various other leading brands.

“The acquisition fits perfectly with our growth strategy and positions us as a leader in the smart workplace industry. We believe Hipla Technologies’ expertise, combined with InVentry’s global reach and diverse product offering, will drive innovation and enable us to deliver unparalleled workplace solutions to businesses around the world,” said Phil Lawson, director, InVentry.

Acquisition of leading telecom engineering firm strengthens UST’s presence in the rapidly growing next-generation network space

ALISO VIEJO, Calif. and DALLAS, Aug. 29, 2023 /PRNewswire/ — UST, a leading digital transformation solutions company, has acquired MobileComm, a global telecom engineering firm with over 21 years of experience in telecommunications and wireless engineering services. The acquisition of Dallas-based Mobilecomm and the integration of its over 1300 employees will significantly strengthen UST’s telecommunications practice and position the company to continue building upon its growth in this dynamic sector.

MobileComm was founded in 2002 and operates across the US, India, and Canada. Its experienced team of experts brings a diverse set of capabilities in wireless engineering. For 21 years, MobileComm has supported some of the largest Communications Service Providers (CSPs) for a range of initiatives, including wireless network modernization, 5G network rollout, network performance enhancement, RF engineering, private cellular networks, and Open RAN.

As telco workloads move to the cloud and open networks standardize, managing complex multi-vendor, multi-technology, and multi-cloud networks have become increasingly critical to success. This strategic acquisition will enable UST to merge its deep experience in cloud and devsecops with MobileComm’s wireless engineering capabilities, providing unique offerings for Communications Service Provider (CSP) customers. Furthermore, by combining UST’s domain expertise in other key verticals with Mobilecomm’s wireless engineering expertise, UST can bring industry-curated 5G (Private Cellular) use cases, providing new monetization opportunities to CSPs. Adding these capabilities to UST’s already strong telecommunications division positions the company to deepen existing client relationships while expanding its global client base.

“We are proud to announce the acquisition of MobileComm. We believe this strategic move will further empower UST to continue developing our wide range of compelling solutions in the telecommunications sector. We are now better positioned to leverage our existing technologies and client relationships to expand the scope of our offerings and deliver bespoke solutions that accelerate digital transformation. UST will build upon this momentum by continuing to invest in the network engineering space,” said Aravind Nandanan, General Manager, Telecommunications, UST.

“UST has earned a reputation as a key driver of innovation across a number of sectors, and we are excited to join them as we look to leverage the assets and experience of MobileComm to continue building on UST’s success in the telecommunications industry,” said Harvinder Cheema, Chief Executive Officer, MobileComm.

About MobileComm Professionals Inc

MobileComm is a global frontrunner in deploying and modernizing wireless networks, heightening performance standards, constructing Private cellular networks, and executing Open RAN solutions. Their expertise empowers network operators to craft exceptional customer experiences. Organizations worldwide rely on MobileComm’s adept wireless network specialists and in-house platforms driven by machine learning and predictive analytics, expediting deployment processes and mitigating potential risks. At the heart of MobileComm, a center of excellence propels unmatched solutions for 5G network design, implementation, and performance optimization.

Media Contact, MobileComm:

Sachin Swami
sachin.swami@mcpsinc.com

About UST

For more than 23 years, UST has worked with the world’s best companies to make a real impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Through our nimble approach, we identify their core challenges and craft disruptive solutions that bring their vision to life. With deep domain expertise and a future-proof philosophy, we embed innovation and agility into our clients’ organizations, delivering measurable value and lasting change across industries and worldwide. Together, with over 30,000 employees in 30+ countries, we build for boundless impact—touching billions of lives in the process. Visit us at www.UST.com

New Delhi, Sep 23 (PTI) Veranda Learning Solutions on Thursday said it has acquired Edureka, a live-instructor-led online solutions provider for the IT industry, for Rs 245 crore.
Veranda, in a statement, said it is planning an outlay of around USD 100 million for acquisitions over the next six months to “seize the opportunities opening up in the edtech space”.
The acquisition of Edureka is the second buyout by the company since its launch in December 2020.
Veranda had acquired Chennai Race Coaching Institute, a coaching institute for Banking, SSC and PSC exams. The company has also launched programmes for CA and IAS aspirants this quarter, the statement said.
The edtech space has seen strong growth globally, including in India, with the COVID-19 pandemic serving as an inflection point. Many offline classes went online to ensure continuity of education while adhering to social distancing norms.
Several players have raised fresh funding from investors, along with consolidation.
Founded in 2011 by Lovleen Bhatia and Kapil Tyagi, Edureka offers upskilling programmes for working professionals. Edureka partners with premier Indian institutes like IITs, NITs and prominent international universities like Purdue to offer training in cloud computing, DevOps, AI/ML, data science, web development, cybersecurity and other emerging technologies in addition to its library of training resources.
It currently has more than one lakh subscribed learners who are trained by an over 500-strong instructor pool with a bouquet of around 300-course offerings.
Veranda is in active discussion with multiple targets for acquisition to create a multi-modal platform that spans test prep, upskilling and supplemental education.
For me personally, getting back into software education is exciting and sets the stage for us to again do our part in meeting the rising demand for high-end skills in the country,” Veranda Learning Solutions Executive Chairman Kalpathi Suresh said.
With the current acquisition, Veranda is poised to expand its footprint in Europe and the North American markets as well, Suresh added.
Veranda is a comprehensive 360-degree online education platform. It is building a unique online platform that will combine the best of technology, processes and methodologies to deliver high-quality content. Focused on academic outcomes for its students, it adopts a multi-modal delivery system backed by a rigorous and disciplined learning framework.

‘Whey-ing’ up the importance of protein in women’s health and nutrition

The fitness industry is saturated with information—some accurate, but much of it clouded by myths, especially around women’s health and nutrition. One persistent misconception is that whey protein is only for men or that women who consume protein and lift weights will become overly muscular. The truth, however, is quite different.
This article addresses some common fitness myths and highlights the importance of whey protein in women’s health and nutrition.
1. Protein is essential for everyone, not just men
Protein is crucial for everyone, not just men. Besides taking part in many metabolic processes, it plays a key role in muscle development but also contributes to healthy hair skin and nails and a well-functioning immune system. Since women also need protein for overall well-being and muscle maintenance, it’s especially important for those who have an active lifestyle or work out to include it in their daily nutrition.
I used to believe protein supplements were only for bodybuilders,” says Hannah, a 32-year-old fitness trainer. “But once I started weight training, my energy levels & confidence improved. And I found including whey protein in my diet helped me with recovery. It’s not just about building muscle, strength training and proper protein intake—it has helped me feel stronger and I am more focused.
2. Whey protein and strength training won’t make women ‘manly’
A prevalent myth in the fitness world is that consuming whey protein and engaging in strength training will make women bulky. Women have lower testosterone levels compared to men, so even with higher protein intake, the likelihood of significant muscle growth is much lower. Instead, protein helps support muscle growth and repair making strength training just as beneficial for women as it is for men. It can also aid in preserving muscle mass, when in a calorie deficit, while indirectly supporting fat loss by promoting a feeling of fullness, helping to create a more defined and sculpted look.
When I first started strength training, I was scared of looking too muscular,” shares Diksha, a 37-year-old woman entrepreneur, “But I quickly realized that it wasn’t about becoming bulky— strength training helped me tone up and whey protein helped me recover, and I love how I feel both mentally and physically now.
3. The Protein Gap
Despite the rise of fitness culture, many women still lack knowledge about proper nutrition. Protein intake, in particular, is often insufficient, even though it is vital at every stage of life. Unfortunately, myths and misinformation contribute to a significant protein gap in women’s diets.
Indian diets are typically carbohydrate-heavy, with little attention given to other macronutrients. A 2015 survey published in *Agricultural & Food Science* revealed that 9 out of 10 Indians have a diet deficient in protein. More specifically, Nielsen’s Protein Paradox Survey, which included 2,142 Indian mothers across 16 cities, found that:
Closing this knowledge gap is essential, and raising awareness about the importance of protein and protein-rich foods is a crucial first step towards building healthier and stronger women.
I was shocked to find out how little protein I was getting in my regular meals,” says Kanchan, a 41-year-old homemaker. “I assumed our dal and roti meals were enough, but after talking to a nutritionist, I started incorporating more protein-rich foods and a whey supplement. The changes in my energy levels were noticeable in just a few weeks.
Nutritionist’s perspective
Nutritionist Avanti Deshpande emphasizes the broader role of protein beyond just muscle building. She states, “Protein is essential not only for muscle development but also for functions like immunity, growth, and metabolism—areas where gender makes no difference. For women, especially those in childbearing years, strength training coupled with meeting daily protein requirements lays a strong foundation for healthy aging and helps reduce the risk of osteoporosis. For women who perform moderate to high-intensity workouts, incorporating a high-quality protein like whey is ideal, as it provides all 9 essential amino acids needed for muscle recovery.
Why Optimum Nutrition Gold Standard 100% Whey Protein?
To ensure sufficient protein intake, a high-quality product like Optimum Nutrition Gold Standard 100% Whey Protein can be beneficial alongside a balanced diet. With 24 grams of protein per serving, it supports daily fitness routines and helps bridge the protein gap, improving the overall protein content in women’s diets.

Many offline classes went online to ensure continuity of education while adhering to social distancing norms.

Several players have raised fresh funding from investors, along with consolidation. Founded in 2011 by Lovleen Bhatia, Kapil Tyagi and Vineet Chaturvedi, Edureka offers upskilling programmes for working professionals.

Edureka partners with premier Indian institutes like IITs, NITs and prominent international universities like Purdue to offer training in cloud computing, DevOps, AI/ML, data science, web development, cybersecurity and other emerging technologies in addition to its library of training resources.

It currently has more than one lakh subscribed learners who are trained by an over 500-strong instructor pool with a bouquet of around 300-course offerings.

“Veranda is in active discussion with multiple targets for acquisition to create a multi-modal platform that spans test prep, upskilling and supplemental education.
“For me personally, getting back into software education is exciting and sets the stage for us to again do our part in meeting the rising demand for high-end skills in the country,” Veranda Learning Solutions Executive Chairman Kalpathi Suresh said.

With the current acquisition, Veranda is poised to expand its footprint in Europe and the North American markets as well, Suresh added. Veranda is a comprehensive 360-degree online education platform.

It is building a unique online platform that will combine the best of technology, processes and methodologies to deliver high-quality content. Focused on academic outcomes for its students, it adopts a multi-modal delivery system backed by a rigorous and disciplined learning framework.

Edtech platform firm Adda247 has acquired UPSC-focused ed-tech platform StudyIQ Education for $20 million (150 crores) in a cash and stock deal. Speaking on the acquisition, Adda247 founder and CEO Anil Nagar said it’s a strategic acquisition for Adda247. StudyIQ Education has over 11 million subscribers on Youtube and the platform receives close to 100 million views a month, the company claims. The current acquisition will give Adda247 an edge in the UPSC segment.

Some key points about the acquisition:

• By acquiring it, Adda247’s will be able to strengthen its position in the UPSC segment, which has one of the highest ARPUs (average revenue per user) in the test preparation segment.
• In November, Adda247 had secured Rs 20 million as part of a Series B funding round led by private equity firm WestBridge Capital. Operated by Metis Eduventures Pvt Ltd, Adda247 had said it’ll use the money to strengthen its technology platform and product, besides funding senior-level hiring.
• Founded by Anil Nagar and Saurabh Bansal in 2010, Adda247 had acquired YouTube channel Success Ease for an undisclosed amount in 2019.

About StudyIQ

StudyIQ YouTube channel is India’s largest educational Youtube channel in terms of monthly viewership, while it is the second largest in terms of subscribers’ base after Wifistudy. StudyIQ’s gross revenue for 2020-21 stood at Rs 33 crores, growing at over three times as compared to the previous financial year.

Health tech startup Docprime, a subsidiary of Policybazaar parent PB Fintech, said it has invested $7.5 million in AI-driven telehealth and wellness platform as part of its Series A funding round.

PB Fintech said the investment is in line with its goal of enhancing service capabilities in the health and wellness space.

Founded in 2016 by Anurag Prasad, Visit Health enables corporate employees to manage their healthcare needs on smartphones. The platform empowers enterprises to enhance the healthcare experience and optimise medical costs for all their employees.

“Our goal with this investment is to back Visit Health in their vision to build a strong digital health ecosystem – with outstanding customer service and new ways to help customers navigate a healthcare system,” said Yashish Dahiya, chairman and and CEO, PB Fintech.

Docprime is into supplying, facilitating, and consulting services and acting as an agent, facilitator, representative in healthcare, wellness and personal care products..

Our product offering is backed by health insurers and the large cashless network stitched by us. With this investment, we plan to grow our platform and network capabilities and expand our teams across technology, sales, and network functions,” said Anurag Prasad, CEO, Visit

Health tech and tele-medicine platforms have got a further fillip in the business due to the pandemic where people preferred reaching out to healthcare providers from the comfort of their homes. In the recent past, health tech companies such as ConnectedH, HealthPlix, mHealth have received early stage funding from risk investers.

NASHVILLE, Tenn.–(BUSINESS WIRE)–emids, a leader in digital engineering and transformation solutions to the healthcare and life sciences industry, today announced the acquisition of Quovantis Technologies, an award-winning user experience design and software development company that enables health technology and product companies to deliver compelling digital experiences for web, mobile and wearables. The terms of the deal were not disclosed.

emids, which has built its reputation as one of healthcare’s most trusted partners for health information technology (HIT) engineering and development, is going strategically upstream with this latest deal on the heels of its acquisition earlier this year of design-led engineering firm Macadamian.

The combined expertise puts emids in a unique position, offering its clients industry-leading data science, engineering and business strategy acumen plus the ability to take an innovative idea from concept to MVP to full-scale enterprise solution and with speed to market.

“We take a human-centered and iterative approach to innovation,” said Quovantis Founder and CEO Tarun Kohli. “Our customers don’t have to wait months to launch their products to understand a product-market fit. We help them launch products incrementally, see what we did right or wrong, and then calibrate that.”

Kumar Kolin, emids Chief Technology Officer, said, “The addition of Quovantis now gives us permission to say, let us sit down with you to think about the problem you’re trying to solve for, let’s help you build, test and iterate that solution, and let’s see it all the way through with you and help figure out how to scale it for the enterprise. This puts emids on the map as a top-tier product development partner, capable of the design, build and large-scale commercialization of novel digital ideas and technologies.”

emids sees this as an increasingly important capability in the midst and wake of COVID-19, where emids’ deep healthcare domain expertise puts its partners at a distinct competitive advantage in bringing mobile, web, cloud and emerging technology solutions to market faster.

Kohli describes Quovantis as, “The company that gets married to the users’ problems and creates delightful solutions using the combination of design, strong engineering culture, and iterative development approach. I like to think of design-led engineering as the connective tissue that brings emids customers the benefit of nimbleness combined with a deep understanding of design-led engineering in the entire healthcare stack.”

About Quovantis Technologies

Quovantis is an award-winning user experience design and software development company that enables health technology and product companies to deliver compelling digital experiences for web, mobile and wearables. With close to 300 skilled engineers, designers, and software architects, Quovantis has been recognized as one of India’s Top 50 Great Mid-size Workplaces as well as among India’s Top75 Best Workplaces for Women by the Great Place to Work® Institute. Learn more at http://www.quovantis.com.

About emids

emids is a leading provider of digital transformation solutions to the healthcare industry, serving payers, providers, life sciences, and technology firms. Headquartered in Nashville, emids helps bridge critical gaps in providing accessible, affordable, and high-quality healthcare by providing digital transformation services, custom application development, data engineering, business intelligence solutions, and specialized consulting services to all parts of the healthcare ecosystem. With over 2,300 professionals globally, emids leverages strong domain expertise in healthcare-specific platforms, regulations, and standards to provide tailored, cutting-edge solutions and services to its clients. For more information, visit www.emids.com.

The acquisition supports JLL’s commitment to lead the industry and its clients through digital transformation. It will add 300 highly skilled technology experts…

Graphene is one of the fastest growing companies in Semiconductor Services with a presence in India, Singapore, Taiwan, and Malaysia; FY18 turnover was Rs 663 mn

AuthBridge Research Services which offers employee background screening solutions Monday said it has acquired Bengaluru-based Footprints Collateral Services.

Staffing services firm TeamLease Services will acquire 30 per cent stake in job portal Freshersworld.com at an enterprise valuation of Rs 18 crore, a move that will accelerate its hiring strategy.

Singapore-based consumer IoT startup KaHa has raised $4.5 Mn (INR 29 Cr) in a funding round led by Metals International, with the participation of Jungle Ventures, SPRING SEEDS Capital and existing investor YourNest.

Chennai, December 15, 2016: Saksoft Limited (NSE: SAKSOFT) (BSE: 590051), a leading digital transformation company, today announced that it has signed…

MUMBAI: High street fashion brand FabAlley has raised Rs 13 crore ($2 million) in a Series-A round led by Mumbai-based India Quotient. The round also saw participation from existing investors including IAN, social entrepreneur…

Two top venture capital firms, SAIF Partners and IDG Ventures India have led a Rs 27 crore round of funding in Bengaluru-based mobile social gaming startup PlaySimple Games.

BENGALURU: Staffing firm TeamLease Services Limited today announced signing of a definitive agreement to acquire NichePro Technologies (NichePro) for an enterprise value of about Rs 29.5 crore.

BENGALURU: Reverie Technologies, a Bengaluru-based startup that devises local language solutions for the internet, has raised $4 million in Series A funding in a round led by Aspada Investment Advisors, with participation

YourStory, India’s largest media tech company for entrepreneurs, big and small, today announced its Series A funding led by Kalaari Capital, with participation from Qualcomm Ventures, T V Mohandas Pai and Ratan Tata

After raising $15 million earlier this year, Bengaluru-based ed-tech startup Simplilearn, today announced a $10 million deal to acquire Market Motive. Based in Silicon Valley…

Simplilearn offers a multitude of training and IT certifications in areas like advanced cloud computing and six sigma, through a combination of online classes and in-person workshops

Robosoft Technologies, a leading mobile solutions provider has secured its second round of funding from Ascent Capital, with participation from the existing investor, Kalaari Capital.

The platformbrings classrooms of India’s Best Professors for competitive exams online,for anytime, anywhere access by students

Saksoft Ltd has acquired a 51 per cent stake in ThreeSixty Logica Testing Services, a privately held independent software testing service company, for an undisclosed sum to strengthen testing and quality assurance (QA) service offerings.

Chennai-based technology services firm Aspire Systems Pvt Ltd is acquiring the services division of SRA Systems for an undisclosed amount, according to a press release.

December, 2013: Khetal Advisors, facilitated the 100% acquisition of Hyderabad-based IT firm, Versant Technologies Pvt. Ltd. by Aspire Systems.

Khetal Advisors, a boutique investment banking firm announced that it was the sole advisor to Simplilearn in raising $10 million Series B financing which was led by Helion Venture Partners and Kalaari Capital.

Kellton Tech Solutions Ltd completed the 100% acquisition of Skan Dbydx Software Pvt Ltd., whereby Dbydx has become subsidiary to the company.

Wirkle, a Gurgaon-based mobile applications development company, has been acquired by San Francisco-based Location Labs, a leading mobile and location-based services firm.

Khetal Advisors, the sole advisors who helped Simplilearn.com raise capital from Kalaari Capitalto fund its expansion plans in offering world class professional certification training.

Kellton Tech is a global IT company with a portfolio comprising an exhaustive list of IT services in the web, mobile, security, ERP and cloud Space.

Symphony Service Corp, global software product engineering services firm, entered into an agreement to acquire Proteans Software Solutions.

With Khetal Advisors being the only facilitator in accomplishing the acquisition of GMI by Idhasoft, Idhasoft has bolstered their stance and established leadership

A software services and product company based out of Bangalore, India. TechUnified had operations in the Gulf (Saudi Arabia, Bahrain, Qatar, UAE, Jordan, Oman) & UK. TechUnified was a leading provider of Mobile
Banking, Voice Banking & Telecom Self Care solutions in the Middle East. TechUnified was acquired in early 2007 for USD 12.5 million.

MUMBAI: Communications network major Havas Group has picked up the majority stake in Think Design, a leading independent user experience consultancy and design studio, for an undisclosed sum as part of its inorganic expansion plans for India.

The Paris-headquartered company plans a series of acquisitions to increase its Indian workforce to around 1,000 by end-2019 from 300.

“This is the first in the series of acquisitions that are planned and the investments that we are making in India,” Vishnu Mohan, the chief executive for India and South Asia at Havas Group, told ET. “These acquisitions will help us grow almost three times by the end of this year, both in terms of scale and resources that we would have at our disposal within this company.”

Havas has identified companies in the digital, events and activation spaces for acquisition, and would also want to add capabilities of performance marketing and public relations to its growing business.

“Think Design is poised to be among the largest design innovation consultancies in the world and its addition will further strengthen Havas Group’s integrated offering, ensure an agile, seamless and dynamic service to our clients as well as add greater momentum not just to our India operations but to the network, globally,” Mohan said.

Think Design was founded by Deepali Saini, Hari Nallan and Rama Aleti in 2004. The company now has five design centres in India and one in the US — Delhi, Mumbai, Hyderabad, Bangalore and Denver — and a team of 125 specialists provide UX vision and design strategy to clients on a global scale to enhance their customer experience.

Think Design’s clients include startups, Fortune 500 companies, government departments and multi-national conglomerates from sectors like banking, financial services and insurance (BFSI), healthcare, education, logistics, telecom, media and entertainment. Around 30% of its business comes from overseas markets, primarily North America.

After the takeover, Think Design will become a part of Havas India and Ekino Global, Havas’ digital transformation agency.

“At Ekino, we do what we call the digital transformation, through design and technology. With the acquisition, we are going to connect Think Design’s client portfolio and expertise to our technology capabilities so that Think Design can deliver end-to-end services from design to delivering the digital solution,” said Ekino chief executive Yann Doussot.

Think Design CEO Nallan said the founder trio will continue to work with the company. “We have always believed that collaboration with the right minds can lead to the greatest results. During our conversations with the Havas leadership, we experienced a very strong connection and equally great synergy. We have no doubt that Think Design’s integration into Havas Group will help us become an even stronger, global force to reckon with,” he said.

Havas, which has been lagging behind international and local communication networks like GroupM, IPG Mediabrands, Dentsu Aegis Network and Madison, has become aggressive in India in the last one year. It has appointed Rana Barua and Bobby Pawar as the Group CEO, and chairman and CCO, respectively.

Asked if Havas is a bit late to the party in India, Mohan said that the kind of potential, the kind of growth rates there is in this market, “it is not about missing the bus, we are creating our own bus”.

Mumbai – July 17, 2019 – Larsen & Toubro Infotech Ltd. (NSE: LTI, BSE: 540005), a global technology consulting and digital solutions company, has signed a definitive agreement to acquire Lymbyc, a specialist AI, machine learning, and advanced analytics company. The acquisition further strengthens LTI’s fastgrowing digital and analytics offerings. Founded in 2012, Lymbyc is headquartered in Bengaluru, India and has customers in the USA, UK, Africa, and India. The company is well recognized for its unique capabilities in analytics and data-sciences space. The core of Lymbyc’s capabilities are centered around a proprietary product, Leni, which solves for the entire spectrum of descriptive to predictive business insights, leveraging deep learning, Natural Language Processing, data visualization and predictive analytics. Leni is a virtual analyst that allows users to conversationally access information and insights. With growing dependence on data, global enterprises need to be better at data discovery, agile analytics, and ability to process large datasets. Lymbyc’s expertise in these spheres will enhance LTI’s Mosaic platformto provide differentiated analytics solutions in a SaaS model. Sanjay Jalona, Chief Executive Officer & Managing Director, LTI, said: “We believe self-service capabilities for AI and advanced analytics will be the next wave of disruption in the marketplace, and Lymbyc brings this capability to our Mosaic platform. Leni by Lymbyc is an industry-agnostic platform that solves business user’s need for experience, speed, and comprehension. I welcome Lymbyc’s experienced management team and all its employees to the LTI family.” Satyakam Mohanty, Founder & CEO, Lymbyc said: “As a strategic business partner of LTI during last year, we have seen first hand how LTI is leading data and digital transformation agenda for its clients. With AI becoming increasingly mainstream, we are excited to join hands with LTI and to help a larger and richer set of clients. Leni, our AI-based Virtual Analyst is perfectly suited to deliver better value to business users and maximize their information and analytics investments.” LTI and Lymbyc have been strategic partnersfor last one year, and have collaborated to deliver unique solutions to several leading global enterprises. Lymbyc is the fifth acquisition by LTI since the company got listed in 2016. Earlier this year, the company acquired Ruletronics, a boutique Pega Consulting company, and N+P (NEILSEN+PARTNER), a Temenos Wealthsuite specialist. About LTI:
Larsen & Toubro Infotech (NSE: LTI, BSE: 540005) is a global technology consulting and digital solutions Company helping more than 300 clients succeed in a converging world. With operations in 30 countries,
we go the extra mile for our clients and accelerate their digital transformation with LTI’s Mosaic platformenabling their mobile, social, analytics, IoT and cloud journeys. Founded in 1997 as a subsidiary
of Larsen & Toubro Limited, our unique heritage gives us unrivaled real-world expertise to solve the most complex challenges of enterprises across all industries. Each day, our team of more than 28,000 LTItes
enable our clients to improve the effectiveness of their business and technology operations, and deliver value to their customers, employees and shareholders. Find more at www.Lntinfotech.com or follow us at
@LTI_Global About Lymbyc Solutions Pvt. Ltd.: Lymbyc (previously known as Ma Foi Analytics) was founded in 2012 to build a robust analytical product that melded advanced technology, and strong data science and insights foundations, to empower the business leader at the point of decision making. Headquartered in Bengaluru, Lymbyc has served varied clients across the USA, UK, and India. Founded by Satyakam Mohanty, Lymbyc offers a virtual analyst, bringing to life his core mission of creating a platform to extend the insights domain beyond tools for manalysts, to approximate the human analyst themselves. Satyakam’s co-founder, Ashish Rishi, has led Leni’s creation passionately, and together they have strived to bring Lymbyc’s core vision to its fruition. More information at https://www.lymbyc.com

LeadSquared is an AI-powered sales execution, CRM and marketing platform, founded in 2012 and launched in 2013 by serial entrepreneurs from IIT – Nilesh Patel, Sudhakar Gorti and Prashant Singh. It has used by over 800 new-age businesses globally in verticals like education, financial services, insurance, healthcare, internet marketplace and real estate. The company said in a statement that it helps enterprises generate higher sales and much higher efficiency from all their teams and channels. Apart from Bengaluru, LeadSquared has offices in Noida, Hyderabad, Mumbai, New Jersey and Dubai. The company plans to hire extensively across all these locations and open a new office in Singapore. Launched in 2016 by Chennai-based serial healthcare entrepreneur GSK Velu, Stakeboat Capital is a private equity fund focused on small and medium enterprises in the healthcare, enterprise technology, manufacturing, financial services and consumer led businesses. The fund is backed by marquee institutions such as Small Industries Development Bank of India (SIDBI), National Bank for Agriculture and Rural Development (NABARD) and Biotechnology Industry Research Assistance Council (BIRAC). Earlier this month, Stakeboat Capital led a $14 million funding round in Dvara Kshetriya Gramin Financial Services Private Limited in participation with existing investors Leapfrog Investments and Dvara Trust.

LeadSquared is an AI-powered sales execution, CRM and marketing platform, founded in 2012 and launched in 2013 by serial entrepreneurs from IIT – Nilesh Patel, Sudhakar Gorti and Prashant Singh. It has used by over 800 new-age businesses globally in verticals like education, financial services, insurance, healthcare, internet marketplace and real estate. The company said in a statement that it helps enterprises generate higher sales and much higher efficiency from all their teams and channels. Apart from Bengaluru, LeadSquared has offices in Noida, Hyderabad, Mumbai, New Jersey and Dubai. The company plans to hire extensively across all these locations and open a new office in Singapore. Launched in 2016 by Chennai-based serial healthcare entrepreneur GSK Velu, Stakeboat Capital is a private equity fund focused on small and medium enterprises in the healthcare, enterprise technology, manufacturing, financial services and consumer led businesses. The fund is backed by marquee institutions such as Small Industries Development Bank of India (SIDBI), National Bank for Agriculture and Rural Development (NABARD) and Biotechnology Industry Research Assistance Council (BIRAC). Earlier this month, Stakeboat Capital led a $14 million funding round in Dvara Kshetriya Gramin Financial Services Private Limited in participation with existing investors Leapfrog Investments and Dvara Trust.

LeadSquared is an AI-powered sales execution, CRM and marketing platform, founded in 2012 and launched in 2013 by serial entrepreneurs from IIT – Nilesh Patel, Sudhakar Gorti and Prashant Singh. It has used by over 800 new-age businesses globally in verticals like education, financial services, insurance, healthcare, internet marketplace and real estate. The company said in a statement that it helps enterprises generate higher sales and much higher efficiency from all their teams and channels. Apart from Bengaluru, LeadSquared has offices in Noida, Hyderabad, Mumbai, New Jersey and Dubai. The company plans to hire extensively across all these locations and open a new office in Singapore. Launched in 2016 by Chennai-based serial healthcare entrepreneur GSK Velu, Stakeboat Capital is a private equity fund focused on small and medium enterprises in the healthcare, enterprise technology, manufacturing, financial services and consumer led businesses. The fund is backed by marquee institutions such as Small Industries Development Bank of India (SIDBI), National Bank for Agriculture and Rural Development (NABARD) and Biotechnology Industry Research Assistance Council (BIRAC). Earlier this month, Stakeboat Capital led a $14 million funding round in Dvara Kshetriya Gramin Financial Services Private Limited in participation with existing investors Leapfrog Investments and Dvara Trust.

LeadSquared is an AI-powered sales execution, CRM and marketing platform, founded in 2012 and launched in 2013 by serial entrepreneurs from IIT – Nilesh Patel, Sudhakar Gorti and Prashant Singh. It has used by over 800 new-age businesses globally in verticals like education, financial services, insurance, healthcare, internet marketplace and real estate. The company said in a statement that it helps enterprises generate higher sales and much higher efficiency from all their teams and channels. Apart from Bengaluru, LeadSquared has offices in Noida, Hyderabad, Mumbai, New Jersey and Dubai. The company plans to hire extensively across all these locations and open a new office in Singapore. Launched in 2016 by Chennai-based serial healthcare entrepreneur GSK Velu, Stakeboat Capital is a private equity fund focused on small and medium enterprises in the healthcare, enterprise technology, manufacturing, financial services and consumer led businesses. The fund is backed by marquee institutions such as Small Industries Development Bank of India (SIDBI), National Bank for Agriculture and Rural Development (NABARD) and Biotechnology Industry Research Assistance Council (BIRAC). Earlier this month, Stakeboat Capital led a $14 million funding round in Dvara Kshetriya Gramin Financial Services Private Limited in participation with existing investors Leapfrog Investments and Dvara Trust.

HungerBox, India’s B2B food tech leader, has closed its USD $4.5 million Series A investment round with India-focussed PE fund, Sabre Partners and South Korea-based investment firm Neoplux joining Lionrock Capital (Singapore) and Infosys Co-founder Kris Gopalakrishnan as co-investors.

HungerBox clocks more than five million orders a month (180,000+ orders per day) across 100+ digital cafeterias that it currently manages around the country for corporations including Qualcomm, Microsoft, FirstSource, Accenture, CapGemini, Genpact, ABB and McKinsey.

The funds raised will be deployed to support HungerBox’s rapid growth in India as well as fuel the company’s expansion into the South East Asian market.

“The ‘asset-light’ nature of HungerBox’s model and use of technology enables scale. The company’s solution has been proven at some of the biggest corporations in India. There is great potential to grow in other markets, especially elsewhere in the region as their clients’ own operations expand. We look forward to working with the HungerBox team as they continue to transform the way large businesses handle their corporate food wellness and their F&B requirements,” said Rajiv Maliwal, Founder and Managing Partner, Sabre Partners”

“HungerBox has emerged as a clear No. 1 in India’s high-growth B2B food tech space. The strength of their technology-led solution, deep penetration into large corporate accounts and carefully calibrated growth means their business is extremely robust. We are delighted to partner this exciting company as they harness the potential for disruption in the corporate catering space in other markets beyond India,” said Alex Noh, Head of Cross-border Investment, Neoplux.

HungerBox employs 400 staff across India and was started by Sandipan Mitra and Uttam Kumar, who are both veterans of the food tech space in India whose previous stints included global food takeaway ordering service Just Eat’s India operations. HungerBox is promoted by GrowthStory, the venture-builder platform founded by serial entrepreneurs, K Ganesh and Meena Ganesh.

Sandipan Mitra, CEO and Co-Founder, HungerBox, said: “We are seeing our business growing exponentially. Employee headcount has doubled to 400+ in less than six months; daily orders have grown to 180,000 from 120,000 in the same period. We are now present in 6 cities currently. Many of our clients are MNCs and we have been receiving many requests for us to support them in markets outside India. Having the support of marquee investors boosts our prospects, especially as we expand our operational footprint.”

According to estimates, spending on F&B in the B2B space alone is estimated to reach US $ 14 billion in India in 2018. The space is growing at ~ 15% per annum.

HungerBox operates across Bangalore, Chennai, Hyderabad, Mumbai, Pune, Delhi/NCR and Jaipur and was started in 2016. The company’s seamless, tech-led solution enables end-to-end digital cafeteria management. The company’s proprietary technology platform connects food vendors to employees within client organizations through a customised mobile app available to each employee.

Using the app, employees can view the F&B menu provided by all enlisted food vendors at their workplace café’s, place orders and track delivery accurately. They can also provide ratings / feedback. HungerBox’s solution provides admin teams at the client organization with the ability to track the entire F&B operation including food consumption, orders, feedback etc., in real-time. More than 50 different payment methods are integrated into the service offering including in-app purchases by an employee, payment via smart cards, m-wallets, self-serve kiosks at the cafés etc.

India-based staffing firm TeamLease Services announced that it has purchased a majority stake in India-based IMSI Staffing.

MSI offers services in IT, Professional Staffing and Business Process Outsourcing (BPO) and call centres.

TeamLease has acquired a 72.7% stake and will buy the rest within 180 days.

According to VCCircle, the company did not mention the total acquisition sum for a 100% stake but said it was for a cash consideration equivalent to 6.5 times the acquired company’s profit before tax for the year ended March plus the net worth as on 12 November. IMSI Staffing had recorded a profit before tax of INR 72 million (USD 1.0 million) on revenue of INR 480 million (USD 6.6 million) for the financial year.

Earlier this year TeamLease Services announced that it entered into a definitive agreement with India-based eCentric to acquire its IT staffing business.

TeamLease Services reported on Friday INR 12.67 billion (USD 177.4 million) in revenue from operations net of taxes in its fiscal second quarter ending 30 September 2019, an increase of 16.2% when compared to the same period last year.

Kellton Tech Solutions Ltd has completed the acquisition of Tivix. This acquisition strengthens Kellton’s customer experience and design lead solutions, enterprise innovation engineering offerings, as well as a near shore development centre in Europe with its presence in Poland. The Company also completed the sale of staffing business of Supreme Soft Global, Inc.

Shares of Kellton Tech Solutions Ltd. was last trading in BSE at Rs.41.7 as compared to the previous close of Rs. 39.95. The total number of shares traded during the day was 351626 in over 79 trades.

The stock hit an intraday high of Rs. 41.85 and intraday low of 40.05. The net turnover during the day was Rs. 14339972.

A full stack platform to manage Diabetes has raised Series A from Parkview, Leo Capital and Blume Ventures.

Virtusa has signed a definitive agreement to acquire TechChefs Software Pvt Ltd, full service OPD partner to Fortune 500 companies specializing in Software Development & Product Engineering. The company works on a recurring model through their Offshore Dedicated Centre in India

Mumbai-based L&T Infotech (LTI) has signed an agreement to acquire a 100% stake in Pune-based Cuelogic Technologies for $8.4 million in a full-cash transaction.

In its filing on the NSE, LTI has said the transaction will be completed in two-fourweeks.

Cuelogic operates in the digital product engineering space to build digital products, modernise legacy software with modern technologies leveraging cloud, AI, mobility and offers Innovation Lab as a service to fast-track experimentation and capture untapped value from digital for its clients in the US and India. Founded in 2010, Cuelogic has a 100% subsidiary in the US and has an employee count of over 300 and a portfolio of over 100 products.

Talking about the acquisition, Sanjay Jalona, CEO and MD, LTI, said, “We believe rapid productisation is an essential requirement for accelerated digitalisation across industries. Our clients are looking for agile solutions to compete effectively in a changing world. Digital engineering capabilities of Cuelogic Technologies Private combined with their tools and methodologies will help our clients innovate, launch products, accelerate time-to-market, and maintain products optimally.”

Nikhil Ambekar, CEO, Cuelogic Technologies, said, “Our digital expertise and unique culture have helped us build a solid foundation. LTI is the growth leader in the industry, and we are excited to further add strength to its formidable digital capabilities.”

Cuelogic will be integrated with the digital practice of LTI.

This is the seventh acquisition by LTI since the company got listed in 2016. Earlier acquisitions were aimed at bolstering the company’s expertise around data & analytics, cloud consulting, intelligent automation and industry-specific platforms.