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Online retail giant Amazon is reportedly in talks with Indian mobile operator Bharti Airtel to buy a stake worth at least $2 billion. According to a Reuters report, the deal is expected to “turbocharge” India’s digital economy. If the alleged transaction comes through, Amazon would roughly acquire 5% stake in the country’s third largest telecom…
Fetch Rewards, a US-based mobile shopping platform that helps millions of shoppers save on purchases of groceries and other household essentials, announced that it has hired Rukmini Banerjee as Chief People Officer. In her new role, Banerjee will establish training programs, design career pathing models, and recruit new talent to the fast growing company. Mike…
Apple, a multinational corporation that designs, manufactures, and markets consumer electronics, personal computers, and software, announced that it has appointed Ipsita Dasgupta as India country manager for its streaming services like Apple TV+, Apple Music and the App Store. Prior to this role, Dasgupta was the President of Strategy and New Ventures at Hotstar. Dasgupta…
The novel coronavirus outbreak has pushed the entire world to witness a pandemic, circulating waves of panic across the globe. Due to uncertainty in business owing to the current scenario, businesses are slowing down bringing the growth of the economy to a halt. There has been a sudden slow-down of the economic activities at an…
ReNew Power, a Gurugram-based wind energy firm, announced that it has signed a definitive agreement to acquire Climate Connect, a digital-analytics, software development, AI and ML startup, specialising in the power markets domain in India. In its statement to media, the company said that ReNew’s acquisition of Climate Connect is expected to not only add…
Singapore-based AI Knowledge-Management platform, INTELLEX recently announced that it has raised $2.1 million in a recent funding round. The fundraising was led by China-based Quest Ventures. The funding round also saw participation from Thomson Reuters, Insignia Ventures, K3 Ventures and a Singapore Government backed VC fund. Other early backers of the company include Sim Wong…
The Indian food delivery market has been in a soup due to the government imposed lockdowns in an attempt to contain the spreading of coronavirus. Online delivery companies like Zomato and Swiggy forayed into grocery and essential items delivery to keep business running amid losses due to the lockdowns. The central government allowed the sale…
Since the novel coronavirus outbreak, organizations around the world have shifted from offices to living rooms. The pandemic has led to the world’s largest work-from-home experiment. And while the idea was a farfetched dream for employees, the pandemic has certainly sped up the entire process of it. With companies like Twitter, Shopify, Square, and Facebook…
Anvil, a US-based paperwork automation platform, announced it has raised $5 million in Series A investment. Gradient Ventures—Google’s AI-focused investment fund—led the round, with participation from Citi Ventures, Menlo Ventures, Financial Venture Studio and 122 West. Anvil is a low-code paperwork automation platform that helps businesses quickly build simple online experiences for paperwork processes. Anvil’s…
Translumina, a global developer and manufacturer of innovative cardiovascular medical devices, announced major changes to its leadership team. Robert Ratini has been named as Chief Commercial Officer for Translumina’s international business, based in Switzerland and Paritosh Arora as Chief Commercial Officer for the company’s India operations, based in New Delhi. Prior to this role, Paritosh…
CEPI, the Coalition for Epidemic Preparedness Innovations, announced that it has entered into a new partnering agreement with a consortium comprising Bharat Biotech (BBIL) and the International Vaccine Institute (IVI) to advance the development of a Chikungunya vaccine. CEPI will provide the consortium with up to US$14.1 million for vaccine manufacturing and clinical development of…
iNurture Education Solutions Pvt. Ltd, a Bengaluru-based ed-tech startup that provides formal higher education programmes in India, announced that it has raised $4 million from Kimera Ltd, a Dubai-based family office, according to a VCCircle report. The company is backed by other investors that include Bertelsmann India Investments, Ascent Capital, BlackSoil Capital Pvt. Ltd and…
Varo Money Inc, a US-based mobile banking business that helps customers cover their expenses, pay their bills, and build their wealth over time, announced it has closed a $241 million Series D round, co-led by new investor Gallatin Point Capital and existing investor The Rise Fund, co-founded by TPG, U2 lead singer Bono and Jeff…
E-commerce technology company Assembly recently announced that it has appointed Ben Warner as Chief Financial Officer of the company. Warner joins Assembly with broad experience in corporate and operational finance, most recently serving as VP of Finance at Clutter, a full-service storage and logistics service backed by Sequoia Capital and Softbank. While at Clutter, Warner…
Cyient, a leading digital technology and engineering solutions provider, announced the appointment of Meenu Bagla as Vice President and Chief Marketing Officer. In her new role as CMO, Meenu will be responsible for strengthening the brand reach, relevance, and advocacy to deliver accelerated business growth in new and existing markets. Prior to this role, Meenu…