LTIMindtree to acquire Randstad's European IT services arm in low-consideration deal

LTIMindtree will acquire the IT services business of Randstad in multiple European countries to strengthen its regional presence. The deal is structured as an asset purchase for one euro, bringing over 2,500 employees into LTIMindtree's fold. Analysts note that while the valuation is low, the acquisition presents significant integration challenges and potential near-term pressure on operating margins.

Ceat Tyres projects $1B revenue, 20% margins from Camso brand acquisition from Michelin.

Ceat Tyres is executing its acquisition of the Camso off-highway tyre brand from Michelin, initiating a three-year process to gain full operational and brand control. The company projects the deal will unlock a $1 billion annual revenue opportunity and increase its operating margins to nearly 20% from the current 13-15%. This strategic acquisition provides Ceat access to key global OEM customers, significantly transforming its position in the high-margin specialty tyre market.

Salon-at-home platform Yes Madam secures Rs 50 Cr from Info Edge Growth Fund.

Salon-at-home platform Yes Madam has raised Rs 50 crore in a funding round led by Info Edge's venture arm, Info Edge Growth Fund. The capital is earmarked for expanding into new service categories, enhancing its technology stack, and entering new geographic markets across India. This transaction signals continued investor confidence in the organized home services sector and provides Yes Madam with strategic capital to scale its operations.

Biotech Startup StrainX Secures $13 Million in New Funding Round

Biotechnology startup StrainX has raised $13 million in a new financing round to expand its operations. The capital will be used to advance the company's research and development pipeline and scale its proprietary technology platform. This transaction underscores sustained investor confidence in India's deep-tech and life sciences sector, indicating significant growth capital availability for specialized ventures.

PayMate Links Unpaid Salaries to Pending DigiAsia Stock-Swap Acquisition and New Funding

Visa-backed B2B payments firm PayMate has been unable to pay full employee salaries for up to a year, citing a severe liquidity crunch. The company has tied the clearance of outstanding dues to the closure of its pending acquisition by DigiAsia Corp., which has been restructured into an all-stock transaction. Following the deal's completion, PayMate plans to pursue a new funding round to meet its obligations and stabilize operations, after previously withdrawing a planned ₹1,500 crore IPO.

Specialty coffee chain abCoffee secures ₹61 crore in Pre-Series B funding

Specialty coffee chain abCoffee has raised ₹61 crore ($6.4 million) in a Pre-Series B funding round led by Kliff Ventures. The round, which also saw participation from Hero Enterprise Partner Ventures and Stride Ventures, brings the company's total funding to over $11 million. Capital will be used to expand its offline presence across major cities, strengthen its supply chain, and invest in technology for customer engagement.

JM Financial Asset Management launches Rs 1,000 crore private credit fund.

JM Financial Asset Management has launched the JM Select Credit Fund II, a Category II AIF with a target corpus of Rs 1,000 crore. The fund will provide secured, bespoke credit solutions to mid-market Indian companies, targeting yields between 12-14%. This launch signals growing investor appetite for private credit and provides an alternative financing source for founders seeking growth capital without significant equity dilution.