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iQIYI, an innovative market-leading online entertainment service in China, announced the appointment of Kuek Yu-Chuang as Vice President, International Business, effective immediately. Kuek will report directly to Yang Xianghua, President of Membership and Overseas Business Group at iQIYI. In his new role, Kuek will oversee the strategic planning and implementation of the company’s expansion in…
Journera, a US-based travel technology company developing Experience Management Platform for the travel industry, announced that it has raised $11.6 million Series B funding led by Andreessen Horowitz and B Capital. Existing investors Pritzker Group Venture Capital and The Boston Consulting Group also participated in the funding round. Journera was co-founded by BCG and Jeffrey…
Indian drugmaker Cipla recently announced that it will acquire a 21.85% stake in health-tech startup GoApptiv in an all cash deal. This is reportedly Cipla’s second bet on any digital healthcare startup since last year. In a stock-exchange filing, the company said it will acquire a 21.85% stake in GoApptiv for a cash consideration of…
Indonesia-based marketplace for small retailers, Ula recently announced that it has raised $10.5mn in a seed funding round. The funding round was led by Sequoia India and Lightspeed India. The funding round also saw participation from Indonesia-based venture capital fund, SMDV, growth-stage fund Quona Capital, early stage investor Saison Capital and Silicon Valley-based Alter Global.…
Elon Musk has become controversy’s favorite child. The serial-entrepreneur has been in news during the coronavirus pandemic for many reasons, starting from calling Tesla’s stock price “very high” to taking American astronauts into space on a Falcon rocket. But this time, things have turned worse for the founder of Tesla Inc. Days after Musk defied…
French IT major Capgemini recently announced the appointment of Aiman Ezzat as the company’s new Chief Executive Officer. Ezzat will be succeeding Paul Hermelin as he moves on to completely focus on the office Chairman of the Board. Aiman Ezzat was appointed Chief Executive Officer of the Capgemini Group on 20 May 2020, at the…
French IT major Capgemini recently announced that it has partnered with e-learning platform Coursera to help upskill its 270,000 employees globally. The collaboration will help employees develop their skills in several areas including professional services, technology consulting, cloud adoption and sales productivity. The company in an official statement said, “Access to top-quality learning content is…
Employee background check provider HireRight recently announced that it has appointed Maria Moore to Senior Vice President of Global Marketing. Moore joins HireRight with nearly 30 years of marketing experience across a variety of industries, with a particular focus on key technology sectors, including software and cloud solutions. Most recently, Moore served as the Vice…
Aerospace and defense company Raytheon Technologies recently announced that it has appointed Dantaya Williams as Chief Human Resources Officer. Williams will directly report to Greg Hayes, Chief Executive Officer, Raytheon Technologies. “Dantaya has a proven track record in leading transformation throughout our organization with a focus on the development of innovative talent strategies to drive…
WayCool Foods, a Chennai-based agri-tech startup that processes, distributes, and procures fresh produce, dairy products, and staples, announced that it has raised $5.5 million debt funding from IndusInd Bank. Recently, the company raised $32 million in Series C funding led by Lightbox. The Agri-tech startup plans to use the funds to introduce advanced technology, implement…
Godrej Consumer Products Ltd recently announced that its Managing Director and Chief Executive Officer Vivek Gambhir has decided to step down from the position citing personal reasons. His resignation will come in effect on June 30. In an exchange filing, the company said that he will be replaced by Nisaba Godrej who is currently the…
F5, a New Delhi-based retail aggregator building India’s first aggregated network of branded refreshment stores by partnering with existing refreshment vendors, announced that it has raised seed funding from Venture Catalysts, India’s first integrated incubator, according to YourStory report. Financial details of the funding remain undisclosed. F5 was founded in 2018 by Raghav Arora and…
Dr. Reddy’s Laboratories Ltd, a Hyderabad-based integrated pharmaceutical company committed to providing affordable and innovative medicines for healthier lives, announced that it has completed the acquisition of select divisions of Wockhardt Limited’s branded generics business in India and a few other international territories of Nepal, Sri Lanka, Bhutan and Maldives. The business comprises of a…
Servify, a Mumbai-based startup that provides device management services and warranty solutions for all devices that touch daily lives, announced that it has raised Series C funding from a clutch of existing investors. According to exchange filings, Servify has allotted over 27.23 lakh Series C compulsorily convertible preference shares (CCPS) at a face value of…
Innoviti, a company that develops payments processing, credit distribution, and payments management software solutions, announced that it has raised Series C funding led by FMO: Entrepreneurial Development Bank and Bessemer Venture Partners. Innoviti uses data intelligence to bring together merchants with brand and bank networks, helping them connect, collaborate, and create new and unique offers…