Insight

Dezerv, a platform specializing in wealth technology, has successfully secured Rs 265 crore or $32 million in a Series B funding round. The funding was primarily spearheaded by Premji Invest.

Accenture, a multinational technology corporation, has purchased Excelmax Technologies, a semiconductor design services company based in Bengaluru, India. The financial details of the acquisition have not been released.

Goat Brand Labs has secured $21 million in funding through a combination of loan and equity from several investors, including BlackRock, Mayfield, and NB Ventures. This comes at a time of ongoing challenges in the broader industry.

Centriti, a business-to-business (B2B) electronic procurement platform for the hotel, restaurant, and catering (HoReCa) industry, has secured a capital of Rs 6 crore in a round led by Emergent India Ventures.

IBM has just unveiled its GenAI Innovation Centre in Kochi. This centre will provide a platform for corporations, startups, and partners to investigate and develop generative AI technologies.

CreditEnable, a firm specializing in credit analysis and technology, has formed a partnership with the Women Entrepreneurship Platform (WEP), which is supported by Niti Aayog.

Welspun One, an integrated fund and development management platform, announced the successful closure of its second fund totaling ₹2,275 crores, inclusive of co-investment commitments.

On Saturday, the board of Bandhan Bank, a private sector lender, authorized the appointment of Ratan Kumar Kesh as the temporary Managing Director and Chief Executive Officer of the bank, starting from July 10.

Atul Gupta, a former partner of Premji Invest, has established Trident Growth Partners, a venture capital firm focused on investing in startups in several industries including consumer, financial services, enterprise software, technology, etc.

Niraamaya Life, an Indian health business that prioritizes digital platforms, has announced the appointment of Ashwani Gandhi as its new CEO.