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IIFL Samasta Finance, which is one of India’s largest non-banking microfinance companies (NBFC-MFI), said that Former Chairman of NABARD, Dr. Govinda Rajulu Chintala has joined as independent director and Chairman of the Board at IIFL Samasta Finance. The microfinance company also announced the appointment of three other members to its Board of Directors. Besides Former Chairman of…
Former Zomato senior executive Mohit Gupta and Myntra founder Mukesh Bansal have raised $26 million in seed money for their omnichannel fashion startup Lyskraft, making it one of the largest early-stage rounds for an Indian startup amid the ongoing funding crunch, according to ETtech report. The round was led by Peak XV Partners, formerly Sequoia…
nexeye announced that a definitive agreement has been signed whereby investment funds and accounts managed by KKR agreed to acquire the Company from investment firm 3i Group plc. Headquartered in Gorinchem, the Netherlands, nexeye is a leading European provider of value-for- money eye care operating under the Hans Anders, eyes + more and Direkt Optik…
Rimini Street, Inc., a global provider of end-to-end enterprise software support, products, and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced the appointment of Steve Hershkowitz as its new Chief Revenue Officer (CRO). “Steve’s leadership and extensive experience scaling businesses to deliver top-line growth will expand…
Congruent Solutions, a leading provider of Software-as-a-Service (SaaS) and outsourced plan administration services to the retirement industry in the U.S., announced the appointment of Mahesh Natarajan as its Chief Revenue Officer. Natarajan is an acknowledged techno-business leader in the insurance and retirement industry, having spent over 25 years with Cognizant (NASDAQ: CTSH), serving clients in…
Provident Housing Limited, a wholly owned subsidiary of Puravankara Limited – one of India’s most trusted and admired real estate companies, announced a significant deal with HDFC Capital. The INR 1,150 crore investment marks a milestone in the company’s journey of growth and expansion. This strategic collaboration will add an additional 6.2 million square feet of new…
WNS (Holdings) Limited (WNS), a leading provider of global digital-led Business Process Management (BPM) solutions, announced that Arijit Sen, the company’s Corporate Financial Controller, has been appointed Chief Financial Officer (CFO) effective July 25, 2024, succeeding Sanjay Puria who has chosen to step down for family reasons. Sanjay will remain with WNS in an advisory…
Endimension Technology, a healthcare AI startup has raised INR 6 Crore in Pre-Series A round led by Inflection Point Ventures. Other investors in this round include Sucseed Indovation, SINE IIT Bombay and individual angel investors. Endimension Technology, incubated at IIT Bombay, is driven by the vision to harness AI technology in radiology, ensuring early and precise diagnosis…
Kulfi Collective, a leading creative network in India that functions at the intersection of content, community and culture, has announced the appointment of Divya Karani as Chairperson and Executive Director of its Board. Divya’s three-decade journey has shaped her into a pivotal figure in steering some of the largest advertising and media groups across India,…
IBM and HashiCorp Inc., a leading multi-cloud infrastructure automation company, announced they have entered into a definitive agreement under which IBM will acquire HashiCorp for $35 per share in cash, representing an enterprise value of $6.4 billion. HashiCorp’s suite of products provides enterprises with extensive Infrastructure Lifecycle Management and Security Lifecycle Management capabilities to enable organizations to automate…
UST, a leading digital transformation solutions company, announced that it has acquired Strativity Group, a boutique strategy consultancy specialising in customer-centric transformations. Strativity is renowned for delivering customer experience strategy, design, innovation, change management, and operating models through adopting an insight-led approach that creates competitive advantage and tangible value creation, a statement said. UST and Strativity share a…
UiPath, a leading enterprise automation and AI software company, announced the launch of two new data centers in Pune and Chennai, as part of its global expansion initiative. UiPath Automation Cloud will offer enhanced services to customers and partners in the Indian market, ensuring strategic positioning of infrastructure, applications, and data, a statement said. The launch of…
Deluxe, an entertainment media organisation, has appointed Pandi Alagu Raja Mahamuni as the Head of People and Culture, according to ETHRWorld report. “I am thrilled to announce that I have started a new position as Head – People & Culture in Deluxe,” Mahamuni shared in a LinkedIn post. Prior to joining Deluxe, Mahamuni was associated…
IT company Happiest Minds Technologies Limited announced today that it has signed definitive agreements to acquire 100% of the equity share capital of PureSoftware Technologies Private Limited(PureSoftware) for a total purchase consideration of US $ 94.5 Million (₹779 Crores) (Upfront of ₹635 Crores on closing and deferred of upto ₹144 Crores payable at the end…
Truck aggregator startup LetsTransport has raised $22 million in a funding round led by Bertelsmann India Investments, according to the ETtech report. The round also saw participation from Rebright Partners, NB Ventures, ALES Global, Stride Ventures, CAC Capital and others. The funds will be used for expanding market presence, scale adjacent business verticals and to…