Palo Alto CA-based Varian Medical Systems will acquire Cancer Treatment Services International (CTSI) for $283 million from the private equity firm Texas Pacific Group. Founded by a team of University of Pittsburgh Medical Center (UPMC) doctors and business partners in 2006, privately held CTSI operates cancer care brand American Oncology...
India Recorded Over 4.5 Billion Downloads in Three Months
Cosnumers in India India installed more mobile apps than any other country in the first quarter of 2019. According to latest data from app intelligence firm Sensor Tower, based in San Francisco, CA, India installed more than 4.5 billion mobile apps during that period. TikTok, WhatsApp, Like, Hotstar, Facebook, Messenger,...
SoftBank Invests Over $200 Million in India's Online Grocer
Japan's SoftBank Group led an investment round of more than $200 million in New Delhi-based online grocery startup Grofers India through its Vision Fund. The series F funding saw participation from new investor, KTB of South Korea, and existing investors Tiger Global Management of New York and Sequoia Capital of...
eBay to Invest $170 Million in India's E-Commerce Company
San Jose, CA-based eBay is poised to make a strategic investment of $170 million in Paytm Mall the Indian online retail platform space. Last year, the company sold its 6.55% stake it held in Flipkart for $1.1 billion when the startup was taken over by Walmart, and has been looking...
ESRI Launches New Research Center in India
Redlands, CA-based geographical information systems (GIS) and mapping software developer Esri, launched a new research and development center in India. Esri R&D Center, New Delhi, will play a significant role in developing the next generation of Esri’s ArcGIS Enterprise based on a microservices architecture. The company will delve into data...
Intel Acquires India's Startup Ineda Systems
Santa Clara, CA-based Intel Corporation acquired Hyderabad, India-headquartered startup Ineda Systems, a fabless semiconductor product company, in an all-cash deal. "Intel acquired engineering resources from Ineda Systems, a silicon and platform services provider based in Hyderabad. This transaction provides Intel with an experienced system on chip team to help build...