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Noida-based High Street Essentials, the parent company of women’s fashion brands FabAlley and Indya, recently announced that it has raised ₹20.75Cr in a fresh round of funding led by existing investors, SAIF Partners and India Quotient. A company statement read, the pre-series C round involves a convertible note, which will be converted during the series…
Bengaluru-based Bike taxi startup Rapido recently announced that it has launched inter-city logistics service for businesses to deliver products at consumers’ doorsteps. Named ‘Rapido Store’, the service can be availed by both offline and online businesses. The company has said that the service is currently operational in Bengaluru, and Vijayawada and it further plans to…
TAKE Solutions Ltd, a globally recognized domain intensive services provider in Life Sciences, announced the appointment of Lalit Mahapatra as Chief Financial Officer. Lalit has 25+ years of experience in Finance & Accounts, Fund Management & Budgeting, Strategic Planning & Financial Control, Merger & Acquisitions, Forex Management etc. Prior to this role, Lalit has worked…
CloudEngage, the world’s most intuitive web personalization platform, announced the acquisition of AnswerDash, a leading provider of AI powered self-service support and ecommerce solutions. “We saw a terrific fit here,” said Paul Wagner, CloudEngage CEO. “Our platform provides rich customer data insights and real-time personalization across multiple channels. AnswerDash has a proven track record of…
Kiio, a US-based fast-growing provider of digital musculoskeletal (MSK) solutions, announced that Afsana Akhter has joined its executive team as Chief Growth Officer. Afsana Akhter will be based out of Mountain View, California. Akhter brings deep expertise in the digital healthcare market after serving in key leadership roles at Livongo Health, Prealize Health (formerly Cardinal…
TerraPay, a global payments infrastructure company, and Visa, have announced a strategic partnership that aims to develop and deliver payment solutions to drive financial inclusion and cashless transactions for domestic payments and global remittances. The TerraPay and Visa global partnership is aimed to develop and deliver solutions to drive repeat consumption of the mobile wallets…
JM Financial, India’s leading financial services group that offers an array of services to corporations, financial institutions, high net-worth individuals and retail investors, announced that it has completed its proposed investment of Rs 400 mn in coliving operator, Isthara Parks Private Limited. The investment was completed in two tranches between July 2019 and June 2020. …
Tata Consultancy Services, a leading global IT services, consulting and business solutions organization, announced that it has been recognized as a Leader in the IDC MarketScape for Business and Industrial IoT Engineering and Managed Services, worldwide. According to the report, “Key strengths of TCS include its strategy to enable clients to secure additional budgets, its…
Wesco International, a leading provider of business-to-business (B2B) distribution, logistics services and supply chain solutions, announced it has completed its merger with Anixter International Inc., creating a premier, industry-leading global B2B distribution and supply chain solutions company. Upon completion of the merger, Anixter became a wholly owned subsidiary of Wesco International, the company said in…
CyberX, the IoT/OT security company, announced that it is being acquired by Microsoft. “By integrating the CyberX platform with the Azure IoT stack, Azure Security Center for IoT, and Azure Sentinel, the first SIEM with native IoT support, Microsoft will now provide a simpler approach to unified security governance across both IT and industrial networks,…
Mastercard announced that it has entered into an agreement to acquire Finicity, a leading North American provider of real-time access to financial data and insights. The purchase price is $825 million, and Finicity’s existing shareholders have the potential for an earn-out of up to an additional $160 million, if performance targets are met, the Company…
Diageo India, country’s leading beverage alcohol company and a subsidiary of global leader Diageo plc, announced ‘Raising the Bar’, a 75-crore programme committed to support bars, pubs and restaurants serving alcohol to welcome customers back and recover following the COVID-19 pandemic. “Raising the Bar” will be a two year programme to support the revival and…
Video-first, mobile first marketplace Joynt recently announced that it has appointed serial entrepreneur Gaurav Tripathi as the company’s new Chief Executive Officer. In an official statement, the company said, “As an angel investor and mentor, Gaurav brings a wealth of knowledge and an array of experiences across various verticals. And after having spent over a…
Indonesia-based tech startup Gojek recently announced that it is laying off about 9% of its total workforce amid the coronavirus pandemic. The recent downsizing exercise at the company is expected to affect about 430 employees. In an official statement, the company said that the layoffs are part of a “long-term response to the Covid-19 pandemic”…
WorkBoard, the leader in Enterprise Results Management, announced veteran business leader Joelle Kaufman will serve as Chief Marketing officer and General Manager of WorkBoard Community. Kaufman joins WorkBoard amid strong demand for its products, as enterprises rapidly re-think how to align and mobilize now-distributed workforces, the Company said in a press statement. “Finding a marketing…