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h2e Power, a Pune and New York-based clean technology startup, backed by Serum Institute of India CEO Adar Poonawalla, announced that it has fully acquired Hexis AG, a Swiss fuel cell company. Financial details of the transaction remain undisclosed. h2e Power said in a statement, it has acquired Hexis through its German subsidiary, mPower GmBH,…
South Korean radar technology startup, Bitsensing has recently raised $5.8mn in a Pre-Series A funding round. This round was led by VC firm LB Investment, and Mando Corporation, a South Korean automotive supplier, participated as a strategic investor. Hansae, SB Partners also participated along with Future Play and SJ Investment Partners from a previous round.…
North American gaming company Bluberi Gaming Canada Inc. (Bluberi) recently announced the appointment of industry veteran Casey Whalen as its Chief Commercial Officer to lead expansion and drive growth in market share for North America. The recent appointment is a part of the company’s process of leadership team expansion. Whalen is the first executive hire…
Google Cloud recently announced the appointment of former NetApp top executive Anil Valluri as Senior Director for the India unit of Google Cloud. Valluri is the recent hire by the internet giant for its cloud business expansion in India. Google Cloud India had earlier in March roped in industry veteran Karan Bajwa as the Managing…
Foodtech unicorn Swiggy recently announced that it is planning to shut down its Mumbai-based on-demand premium food delivery service Scootsy. The Bengaluru-based company had acquired Scootsy in 2018 but let it operate as an individual entity. The company now plans to merge the brand under the bigger umbrella of its main brand to establish its…
Knocksense Media Services Pvt. Ltd, a Lucknow-based local news discovery and distribution platform, announced that it has raised capital from Mumbai Angels Network. Finance details of the investment remain undisclosed. The company will use the funds to strengthen its tech platform and create a content bank for new geographies launch, Knocksense said in a statement. …
Edelweiss Infrastructure Yield Plus, an infrastructure fund managed by Edelweiss Alternative Asset Advisors, announced that it has acquired two road assets of Navayuga Group for $150 million. Sekura Roads, the road platform of Edelweiss Infra, has acquired two annuity road assets – Navayuga Dhola Infra Projects Limited (Assam) and Navayuga Dibang Infra Projects Private Limited…
Tata Consultancy Services, a global IT services, consulting and business solutions organization, announced that it has been ranked number one in customer satisfaction in the UK in Europe’s largest independent survey of IT service providers, carried out by Whitelane Research. Customers in the UK gave TCS top ranking, with an overall satisfaction score of 81…
Gurgaon-based intercity mobility startup Yolobus recently announced that it has raised $3.3mn in Series A funding round. The fundraiser was led by Nexus Venture Partners along with participation from early-stage VC firm India Quotient. As part of the recent investment, Suvir Sujan, Managing Director of Nexus Venture Partners and Anand Lunia, General Partner, India Quotient…
Infosys, the global leader in next-generation digital services and consulting, announced their global partnership with Celonis, a market leader in AI-enhanced process mining and process excellence software, to transform ERP modernization and business process optimization. The company said that the partnership will enable customers to embark on long term transformation projects with significant operational savings,…
Mukesh Ambani-led Reliance Industries recently announced that it has secured $752mn from the Abu Dhabi Investment Authority for its digital arm, Jio Platforms. As part of the transaction, ADIA will reportedly buy 1.16% of stake in Jio Platforms. In a regulatory filing, Reliance said, ADIA’s investment in Jio Platforms, which comprises Reliance’s telecoms arm Jio…
Technosoft, a US-based IT company providing IT, business process management & consulting services to businesses, announced the appointment of Sean Narayanan as Chief Executive Officer. He will also join the Board of Directors of Technosoft. In his new role, Sean will guide Technosoft with a mandate on focusing the company to specialize in helping organizations…
Google Cloud announced that it has signed a Memorandum of Understanding (MoU) with UK Crown Commercial Service (CCS). The MoU will make it easier and more affordable for UK public sector agencies to leverage the full range of Google Cloud’s services to increase innovation and deliver digital transformation. Google Cloud and CCS will also focus…
Bengaluru-based Arkam Ventures, formerly known as Unitary Helion, recently announced the first close of ₹325Cr of its maiden ₹700Cr startup fund. The company says it will focus on early-to-growth-stage startups in Series A, Series B stages across financial services, healthcare, food, agriculture, and mobility space. The new fund is backed by investors like Small Industries…
British luxury car manufacturer Bentley Motors recently announced that it is planning to lay off a quarter of its workforce, or about 1,000 jobs due to the impact of the coronavirus pandemic on the automobile industry. With the recent announcement, Bentley is the latest premium British firm to make significant job cuts following the coronavirus…