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WondrLab acquires Polish agency WebTalk, sets up European hub
Business Today
ยท
1y ago
Medial
Indian digital network, Wondrlab, has acquired Polish marketing agency, WebTalk, in its first international expansion. As part of the acquisition, Wondrlab has established a European Hub in Poland, offering clients access to services in digital video, content, media, data, and business transformation. WebTalk, led by Michal Dunin, will be managed by Wondrlab's European Hub. Wondrlab's founder and CEO, Saurabh Varma, plans to make 21 more acquisitions in the next 36-48 months, with a focus on hubs in India, Poland, the Middle East, and Vietnam.
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Related News
Tanas Capital-backed Wondrlab makes first overseas acquisition
VCCircle
ยท
1y ago
Medial
Marketing tech platform Wondrlab has made its first overseas acquisition with the purchase of B2C digital marketing agency WebTalk. The financial terms of the transaction were not disclosed. WebTalk, which operates in the Central and Eastern European region, employs around 100 specialists working with clients such as Kia Motors, BNP Paribas, and Volkswagen. Michal Dunin, founder of WebTalk, will manage Wondrlab's newly created European Hub in Poland. This marks Wondrlab's fifth acquisition, with plans for 21 more in the next 36-48 months.
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Jeh Aerospace sets up manufacturing hub in Hyderabad
Economic Times
ยท
1y ago
Medial
Aerospace and defense manufacturing startup Jeh Aerospace has opened a manufacturing hub in Hyderabad, India. The facility will provide manufacturing solutions to the aerospace and defense industry. The hub, which can be expanded up to 160,000 sq ft, follows Jeh Aerospace's recent seed funding of $2.75 million from General Catalyst and industry veterans. The company aims to transform the global aerospace supply chain through its scalable manufacturing facilities and vetted supplier networks. The facility will enhance the industry's capabilities and resilience.
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Binance sets up Polish entity for residents of Belgium after regulatory action
Economic Times
ยท
2y ago
Medial
Binance, the largest cryptocurrency exchange, has established a Polish entity to serve Belgian clients after Belgium's regulator ordered it to cease offering virtual currency services in the country. Binance aims to comply with regulatory obligations and continue providing services to Belgian users. The exchange has faced increased scrutiny from regulators globally and has been sued by US regulators for alleged deception. Additionally, Mastercard ended crypto card partnerships with Binance in several countries.
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Workday to establish GCC in Chennai with Rs 220 crore investment
Economic Times
ยท
4m ago
Medial
Workday is setting up a global capability centre in Chennai, investing Rs 220 crore, and creating up to 3,000 jobs. This will serve as a strategic hub for product and technology development to support Workdayโs global operations with a focus on AI technologies. A memorandum of understanding has been signed with Tamil Nadu's investment promotion agency. The move highlights the growing presence of global capability centres in Tamil Nadu, which already hosts over 250 such centres.
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After successfully entering Earthโs atmosphere, a European spacecraft is lost
Arstechnica
ยท
2m ago
Medial
A European space company conducted a test flight of its "Mission Possible" spacecraft, achieving partial success. The vehicle powered up in orbit and successfully re-entered Earth's atmosphere, but contact was lost before ocean touchdown, suggesting potential parachute deployment issues. Despite this setback, the mission validated some key capabilities. The company plans further tests before developing its larger Nyx cargo spacecraft, aiming for cargo missions to low-Earth orbit and potentially a crew-rated version with European Space Agency support.
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Europe remains hard to crack for North American GPs | Europe remains hard to crack for North American GPs
TechCrunch
ยท
1y ago
Medial
Despite the initial excitement and interest from North American venture capitalists (VCs) in the European startup market, recent trends suggest that they have struggled to find a secure footing in the region. The European market presents its own challenges, including language barriers, different networks, and competition from local investors. Additionally, the focus on London as a startup hub has limited visibility and opportunities in other European cities. However, regulatory clarity and increasing interest from US-based investors provide incentives for North American firms to continue their efforts in the European market.
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Tiger Global-backed Captain Fresh makes third acquisition of this year
VCCircle
ยท
1y ago
Medial
Indian B2B seafood provider Captain Fresh has announced its third acquisition of the year with the purchase of Polish salmon company Koral. No financial details were disclosed. Captain Fresh aims to become a leading global seafood conglomerate and sees the European market as a key opportunity. The acquisition of Koral will expand its operations in Europe and provide entry into the salmon market. Captain Fresh has previously acquired France-based Senecrus and America's CenSea. The company raised $25m in funding earlier this year and forecasts an annual revenue of $650-700m by the end of the financial year.
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India sets eyes on 10% of global green hydrogen demand
Economic Times
ยท
13d ago
Medial
India aims to capture 10% of the projected 100+ million metric tonne global green hydrogen demand by 2030. Substantial progress is underway with production targets and electrolyser manufacturing capacities awarded to multiple companies. India seeks to become a major producer and export hub for green hydrogen, driven by reducing costs and international collaborations, notably with the EU. This strategic positioning indicates India's commitment to advancing the global green hydrogen market.
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Google sets up first Asia-Pacific cybersecurity base in Tokyo, Nikkei reports
Reuters
ยท
1y ago
Medial
Google has established its first cybersecurity base in Tokyo, marking its entry into the Asia-Pacific region. The base will serve as a hub for computer engineers to study and develop cyber countermeasures. The move is in response to the rising importance of cybersecurity in the digital age. This marks an expansion of Google's efforts to enhance cybersecurity globally.
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South Africa to investigate Microsoft over cloud computing licensing practices
Economic Times
ยท
1y ago
Medial
The South African antitrust agency plans to investigate Microsoft over its cloud computing licensing practices, following a similar case in the European Union. Although Microsoft stated that it is unaware of any complaint filed by the South African competition authority, the source suggests that the investigation will resemble that of the EU antitrust case. This comes after rivals in several European countries, including Germany and France, raised concerns about Microsoft's new contractual terms.
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