India digest: h2e Power acquires Hexis AG; Infibeam Avenues buys Cardpay

Photo: Mint

Clean tech startup h2e Power Systems has acquired Swiss fuel cell company Hexis AG from Viessmann Group while Infibeam Avenues has fully acquired Bengaluru-based Cardpay Technologies Limited.

h2e Power Systems acquires Hexis AG

Clean tech startup h2e Power Systems on Friday said it has acquired Swiss fuel cell company Hexis AG from Viessmann Group.

h2e Power Systems routed the transaction through its German subsidiary mPower. Financial details of the deal were not disclosed.

“In keeping with the group’s commitment to climate change and clean energy, the acquisition of Hexis is an important milestone. We will create a global footprint and locally produce zero emission power generators in Pune,” h2e Power Systems Chairman Adar Poonawalla said.

Infibeam Avenues buys Cardpay

Global financial technology solutions provider Infibeam Avenues has fully acquired Bengaluru-based Cardpay Technologies Limited, per an announcement on Monday.

In a statement, Infibeam said the acquisition of Cardpay boosts its payment credit services business with a comprehensive credit issuance portfolio, including secured and unsecured lending. Also, the acquisition makes it the only Indian player with a complete suite of payments acquiring and payments issuing products present on both sides of the digital payment transaction.

Cardpay will become a wholly owned subsidiary of Infibeam following the transaction.

Cardpay founders and its team will continue to lead the operations of its unified spend management platform and work towards the company’s objective to grow credit services and issuance business in India and globally.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.