India Dealbook: Dorf Ketal acquires Filtra Catalysts; Bulbul gets funds from 60 backers on Kickstarter

Speciality chemicals maker Dorf Ketal Chemicals India Pvt Ltd has acquired Thane-based Filtra Catalysts and Chemicals Ltd for an undisclosed amount. In a separate deal, Hyderabad-based Bulbul Apps, which develops apps for pre-schoolers, has received $2000 in funding from over 60 backers on global crowdfunding platform Kickstarter to promote its ‘TukTuk goes to Hyderabad’ travel app for kids.

Dorf Ketal Chemicals acquires Filtra Catalysts

Speciality chemicals maker Dorf Ketal Chemicals India Pvt Ltd has acquired Thane-based Filtra Catalysts & Chemicals Ltd for an undisclosed amount, as per a report in The Economic Times.

Filtra, with sales of $11 million, is a specialty chemicals company with approximately 200 employees in research, manufacturing, sales and administrative facilities operating out of different locations in India. The company’s products are used in the electrical, fertilizer, petrochemical and refinery, steel and other core industries of the economy, as per its website.

The acquisition of Filtra Catalysts will give Dorf Ketal a larger share in the catalyst and specialty process chemical in the refining and petrochemical markets, the report said.

Dorf Ketal is the largest producer of organometallic titanates, a crucial chemical used in deep sea drilling to extract crude oil. In 2010, the company had acquired the specialty catalysts business of DuPont Chemicals and Fluoro products through a new LLC company in the USA.

Bulbul Apps secures $2000 funding on Kickstarter

Hyderabad-based Bulbul Apps, which develops apps for pre-schoolers, has received $2000 in funding from over 60 backers on global crowdfunding platform Kickstarter to promote its ‘TukTuk goes to Hyderabad’ travel app for kids, according to a statement.

The target on crowd funding site Kickstarter was reached in just 25 days, Bulbul Apps founder Prakash Dantuluri said in the statement. The funds will be used to pay writers, illustrators, animators, voice-over artists, musicians and towards app development, testing and listing.

TukTuk is a smartphone travel app designed for kids to help them discover his or her city with TukTuk (a 3-wheeler automobile), in a visual and interactive manner.

Bulbul Apps had launched TukTuk goes to Mumbai in October where it saw tremendous response from parents. The startup now plans to enter other locations including New York, London, Dubai, Hong Kong and Tokyo with its app in the next six months.

Also Read: Fairfax India to acquire 45% stake in specialty chemicals maker ADI Finechem

Vivimed Labs sells its speciality chemicals division to Clariant Chemicals for $58m

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.