HrNxt Newsdesk

HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.

PatientPing raises $60 mn in Series C funding to boost expansion

PatientPing, a US-based care collaboration and e-notifications platform, announced that it has raised $60 million in Series C funding to fuel expansion to new geographies and extend capabilities.  The investment round was co-led by Andreessen Horowitz, F-Prime Capital, GV (formerly Google Ventures), and Transformation Capital. Existing investors also participated in the funding round. Till Now,…

National Skill Development Corporation and TCS partner to accelerate skill development

TCS iON, a strategic unit of Tata Consultancy Services, a global IT services, consulting and business solutions organization, announced that it has partnered with the National Skill Development Corporation to provide its training partners access to the TCS iON Digital Glass Room, enabling them to move classroom vocational skills training to online mode for millions…

Cyber Security firm ColorTokens appoints Elvis Jusic as Regional Director Sales for ANZ region

ColorTokens, a Silicon Valley-based firm that provides network and security management, announced the appointment of Elvis Jusic to Regional Director of Sales for Australia and New Zealand (ANZ). Elvis brings a 20+ year history of success in the enterprise security industry, a customer-centric approach, and a focus on delivering differentiated value to protect customer data…

New Delhi-based Panacea Biotec collaborates with Refana for Covid-19 vaccine

Panacea Biotec, India’s highly progressive research based health management company involved in research, manufacturing and marketing of branded pharmaceutical formulations, vaccines and natural products, announced that it has collaborated with Refana Inc. USA to make Covid-19 vaccine widely accessible around the world in an equitable manner through a Joint Venture company to be based in…

Squire raises Series B funding from CRV, Tiger Global, others

Squire Technologies, a New York-based tech startup that provides fully integrated software system for Barbershops and men’s salons, announced that it has raised Series B funding led by CRV, with participation from Tiger Global, San Francisco 49ers organization, and the former CEO and Chairman of Infor, Charles Phillips, and existing investors Trinity Ventures, 645 Ventures,…

Wipro extends partnership with US-based IT firm VMware

Wipro Limited, a leading global information technology, consulting and business process services company, announced the launch of its BoundaryLess Enterprise Solution (BLE), powered by VMware Tanzu product portfolio. As part of its commitment to integrate VMware’s latest innovations into its BLE, Wipro is also a Design Partner for the VMware Tanzu portfolio which consists of…

SoftBank-backed fintech startup Lemonade files for IPO

Softbank-backed fintech unicorn Lemonade recently announced that it has filed for an Initial Public Offering on the New York Stock Exchange (NSE) for an indeterminate amount. The company estimates that it will be able to raise $100mn. Several venture capitalists have estimated that the company is worth $2.1bn currently in valuation. The company says it’s…

Ajay Mehta appointed by GroupM India to lead Cinema & OOH business

Advertising giant GroupM has recently announced that it has appointed Ajay Mehta as Managing Director of Cinema (iTV) and OOH (Kinetic) business for India unit. Prior to the appointment, Mehta was the MD of ITV. Along with these positions, Mehta will also join the GroupM India Executive Committee. Speaking on the development, Prasanth Kumar –…

CEO of Kinetic Advertising India Rachana Lokhande resigns

The Chief Executive Officer of Kinetic Advertising India, Rachana Lokhande has recently decided to step down from her position. She has tendered her resignation and her last day at the organisation will be on August 14, 2020. She will be replaced by Ajay Mehta. She has been associated with Kinetic India for the last four…

Speech-tech startup Deepgram raises undisclosed investment from US Intelligence-backed VC firm

San Francisco-based speech recognition technology startup Deepgram recently announced that it has raised an undisclosed amount of investment from In-Q-Tel, the venture capital capital arm of U.S Intelligence community. Post the investment, IQT and its government partners will start testing Deepgram’s transcription technology. Earlier, the startup had raised $12mn in Series A funding round led…

UL appoints Linda Chapin as Chief Human Resources Officer

UL, a global independent safety science company, announced that it has appointed Linda Chapin as senior Vice President and Chief Human Resources officer. She will report to Jennifer Scanlon, UL’s President and Chief Executive Officer. In her new role, Chaplin will be responsible for leading and developing all fundamental aspects of human resources strategy and…

VC firm Wing marks the close of its third fund at $450mn

Palo Alto-based early-stage venture firm, Wing has recently closed its third fund by raising $450mmn in capital. The entire fund was raised virtually and is substantially bigger than its second fund which raised $300mn in funds. The venture capital firm was formed in 2013 by veteran venture capitalists Peter Wagner and Gaurav Garg. Wagner previously…

Bengaluru-based recruiting startup MyKaam raises funding led by Venture Catalysts

MyKaam, a Bengaluru-based online job searching platform for blue-collar workers, announced that it has raised funding from Venture Catalysts, according to YourStory report. Financial details of the investment remain undisclosed. The investment round was led by Dr Apoorva Ranjan Sharma, Co-founder, Venture Catalysts; Mrunal Jhaveri of Icebreaker Tech LLP; Nirav Panchmatia of AUM Financial Advisors…

AXA XL appoints Xavier Veyry as CEO for Asia and Europe

Axa XL, a subsidiary of global insurance and reinsurance company Axa recently announced that it has appointed Xavier Veyry as Chief Executive Officer for Asia & Europe. Veyry will join AXA XL’s newly configured leadership team and report directly to company CEO Scott Gunter. Veyry is currently the Country CEO of AXA China and Chairman…