Bangalore-based CrisprBits, that uses CRISPR, a gene-editing technology, to develop solutions in the life sciences, raised $250,000 in pre-seed funding from Bohemia, New York-based VJ Group. The funding will be used toward product development, team expansion, and for research and development. Sunil Arora, co-founder and CEO, CrisprBits said, "The new...
India’s ReNew Power Urges U.S.-India Leadership in Clean Energy Projects
Sumant Sinha, founder, chairman, and CEO of India's largest renewable energy company ReNew Power, (Nasdaq: RNW) spoke during a United Nations Climate Action panel in New York, ahead of COP27. In his speech, Sinha said: "In India, there is a strong political consensus around the government’s ambitious climate targets and...
Blackstone Increases Investment in India’s Logistics Segment
Blackstone Real Estate, a subsidiary of New York headquartered Blackstone Group, will acquire Embassy Industrial Parks in India from private equity firm Warburg Pincus and the Embassy Group. With this $717 million deal, Blackstone's India warehousing portfolio will increase to 40 million sq ft. Embassy Industrial Parks’ warehouses are located...
KKR's New Asia-Focused Fund Targets $15 Billion
Global private equity group KKR & Co Inc has targeted a record $15 billion for a new Asia-focused buyout fund. Groups such as Bain Capital, Blackstone, Carlyle, and KKR are increasingly focusing on Asian investments as lower valuations and corporate restructuring have created new opportunities in key markets. An Asian...
WeWork to Take Majority Control of India Affiliate for $1.9 Billion
New York-based WeWork plans to take majority control of its India affiliate, in a deal that will allow the shared-office startup to consolidate financial results from the fast-growing unit as it prepares for an initial public offering this year. WeWork India is a brand franchisee controlled by real estate billionaire...
IBM To Develop Blockchain-Based Solutions for India's Airtel
Armonk, New York-based technology major IBM won a multi-million-dollar contract to deploy a blockchain-based India-wide network which will allow Bharti Airtel, India's largest mobile service provider, to protect its 284 million subscribers from unsolicited calls and messages. The commercial deployment is already underway and both companies are expected to meet...