Klarna, the global payments provider and shopping service, has appointed Michael Moritz, partner at Sequoia Capital, as the Chairman of the Klarna Board of Directors and three new members to the board: Omid R. Kordestani, former executive Chairman of Twitter, Lise Kaae of Bestseller Group, and Sarah Smith, a senior advisor at Goldman Sachs. Current […]
Author: Arya
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.
QuEST Global, a global product engineering and lifecycle services company, has appointed Dr. Claudia Süssmuth Dyckerhoff, Senior Advisor, at McKinsey & Company to the Board of Directors as an independent non-executive director. In this role, Claudia will advise the QuEST leadership across key aspects of the business, from strategy to operational performance, partnerships, and corporate […]
The Wendy’s Company has partnered with Rebel Foods to set up 250 cloud kitchens across India. Consequently Mumbai-based cloud kitchen operator, Rebel Foods will partner with Sierra Nevada as part of the deal. Sierra Nevada is a master franchisee of the Wendy’s and is set to open another 150 brick-and-mortar restaurants of the American fast-food […]
MINISO, the variety retailer, has opened its fourth new store within November in India, as it ramps up its brand localization and strengthens its visibility in the market. As the holiday season approaches, the brand will also continue carrying out activities across its store locations. “MINISO believes in the potential of the Indian market, and […]
Two-wheeler maker TVS Motor Company has acquired Intellicar Telematics Private Ltd for an estimated sum of ₹15 crore. Bengaluru-based Intellicar Telematics Private Limited provides a one stop integrated IoT solution with fleet tracking and predictive maintenance solutions to a range of vehicle types. The Telematics startup is a technology focused data-driven organization in the connected […]
Honeywell, a multinational conglomerate has partnered with SID (The society for Innovation and Development) at IISc (the Indian Institute of Science). This partnership is formed to support the startups involved in solving societal problems. Six startups that will be funded by the tech company are Azooka Labs, Siamaf Healthcare, Protein Design, Mimyk Medical Simulations, HealthSeq […]
K-12 EdTech start-up, Codingal has raised USD 560,000 in a seed round led by Rebright Partners, Java Capital, and GSF Accelerator. The startup plans to use the seed fund to build a 1M coding community of school kids by introducing STEM-related courses, competitions, and hackathons in the K-12 segment. Launched in September 2020, this fully […]
Vistaar Finance has raised Rs. 225 crore (US$ 30 million) External Commercial Borrowing (ECB) from FMO, the Dutch entrepreneurial development bank, making this amongst the larger such transactions in the MSME segment this year. Vistaar has now raised over Rs. 550 crore of debt financing in seven months of this financial year. These funds will be deployed […]
Singapore Airlines has appointed Chen Sy Yen as its new General Manager for India. According to the release, Yen’s appointment to the post stands effective from November 29. He will oversee all operations in India for the airline. Yen will succeed David Lim and will be based out of Mumbai – Singapore Airlines’ head office for India […]
The holding group for HDR Global Trading Limited, owner and operator of the BitMEX platform, 100x Group has appointed Alexander Höptner as its new Chief Executive Officer. Höptner will lead 100x Group as they pursue their vision of shaping the evolution of digital financial services through strategic investments, innovation, and enhancement of the BitMEX platform, […]
Bangalore-based startup, CRED has raised $80 million in Series C funding from existing investors. DST Global led the round, with participation from other existing investors Ribbit Capital, Sequoia Capital and Tiger Global. The startup is founded by Freecharge founder Kunal Shah and is now valued at $800 million which is almost double of its valuation […]