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Southeast Asian e-commerce firm Lazada, a unit of Alibaba Group Holding Ltd named its third Chief Executive in three years. The Singapore-based e-commerce company recently announced that it has appointed Chun Li as its new Group Chief Executive Officer. Chun Li will be taking over from current CEO Pierre Poignant. “Chun is an experienced business…
The coronavirus pandemic has impacted several businesses worldwide leading to layoffs across industries. In a recent development, Bengaluru-based two-wheeler rental startup Bounce announced that it has decided to lay off around 22% of its workforce or about 130 employees due to the impact of Covid-19 on the mobility industry. Announcing the decision through a company…
Data storage company Qumulo recently announced the appointment of Adriana Gil Miner as Chief Marketing Officer. In this role, Gil Miner will be responsible for leading Qumulo’s global marketing and brand strategy as the company helps customers innovate faster and leverage the power of cloud data services. The company in an official statement said, “Gil…
Vancouver-based marketing analytics platform StrategyBox recently announced that it has closed a $2mn seed funding round. The funding round was led by London-based early and growth-stage investor Fuel Ventures. With the new capital, the company plans to support 50+ additional marketing and advertising platforms. As well as adding radio attribution – the ability to show…
GetMyUni, a Times Internet-backed ed-tech start-up revolutionizing the college admissions space in India, announced that it has acquired online learning startup Avagmah from AEON Learning in an all-cash deal on June 18, 2020, according to a YourStory report. Post acquisition, GetMyUni will be using its existing distribution of a 40 million annual user base and…
Nextbillion.ai, a startup that offers a wide range of AI-powered hyperlocal solutions, from business mapping to data management, announced that it has raised $7 million in Series A funding, led by Lightspeed India Partners and Falcon Edge Capital. The company said that it will utilise the current financing to grow its team, product and R&D…
Intellect Design Arena Ltd, Technologies and a global leader in Financial Technology across Banking and Insurance, announced that it has achieved a remarkable double first: it has been ranked #1 in the world for Retail Banking and ranked #1 in the world for Wholesale Banking- Transaction Banking by independent analyst IBS Intelligence, in their IBS…
FlyForm, a UK-based Elite ServiceNow partner, announced that it has received a growth capital investment from Lloyds Bank, in partnership with Izy Capital as Lead Advisor. With this investment, FlyForm will continue to consolidate its position as the leading ServiceNow consultancy firm, before expanding into complementary market spaces, ultimately targeting annual revenue of £1 billion…
Inflection Point Ventures, an early stage angel investing platform, announced that it has invested an undisclosed amount of funding in snacking startup Samosa Party, according to a YourStory report. The company will utilise the current financing to scale, and open cloud kitchens across Bengaluru and other Tier-I cities. Samosa Party said it will also use…
Cipla Limited and Boehringer Ingelheim India Pvt. Ltd. (BI) announced that they have entered into a partnership to co-market three new oral anti-diabetics drugs Oboravo (Empagliflozin), Oboravo Met (Empagliflozin+Metformin) and Tiptengio (Empagliflozin+Linagliptin) in India. As per the International Diabetes Federation, India is home to 77 million adults aged between 20 and 79 years with diabetes,…
Sandata Technologies, a leading US provider of technology solutions for the homecare industry, announced the appointment of Chad Turner, as Chief Sales Officer. Chad holds more than 25 years of healthcare experience in sales and operational leadership roles. In his new role, Chad will lead Sandata’s Sales and Marketing Teams and partner with the Executive…
Fullife, a startup that manufactures sports nutrition supplements under the brand name Fast&Up, announced that it has raised Rs 50 crore in a fresh financing round, according to an ETtech report. New investors that participated in the financing round include Amansa Capital, the Singapore-headquartered investment firm founded by ace stock picker Akash Prakash. Existing investors…
Jeff Bezons-led e-commerce giant Amazon recently announced that it is hiring close to 20,000 ‘seasonal’ or temporary employees in India in its customer service (CS) department to help customers globally with a seamless online shopping experience. The company in a statement said that the new positions are being added to meet the anticipated demand in…
World’s largest footwear maker, Nike recently warned its employees of possible job cuts as the company shifts its focus towards online shopping. The recent development from the company comes just days after it posted a net loss of $790mn, its first in more the two years. The company attributed the loss in part to the…
Major US airline company Delta Air Lines recently said that it will soon send warning notices to about 2,500 pilots regarding possible furloughs at the airline. The recent announcement from the company as the airline industry is taking huge blows after the coronavirus pandemic slashed air travel demand. “In an effort to best prepare our…