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Antler, a Singapore-based venture capital firm that provides funding from day one to support founders building businesses they will own and run, and that can positively impact local, national and global economies, announced its collaboration with global investment firm B Capital Group, founded by Eduardo Saverin and Raj Ganguly. “The agreement allows our companies to…
Airplane manufacturer Boeing recently announced that it is going ahead with a downsizing exercise as coronavirus pandemic severely impacts the airline industry. The company said that it is eliminating more than 12,000 jobs in the United States, including 6,770 involuntary layoffs. The company also disclosed it plans “several thousand remaining layoffs” in coming months but…
Scotland-based travel agency Skyscanner recently announced that its current Chief Executive Officer Bryan Dove has decided to step down from his role citing family reasons. However, Dove will remain as a Senior Advisor to the company. Dove will now be replaced by Moshe Rafiah as the new CEO. Rafiah currently serves as the Founder and…
The travel industry has been in a soup since the coronavirus outbreak. With governments imposing lockdowns and travel restrictions, the industry is getting severe blows from all sides. While experts have predicted that major organizations will survive the crisis, startups were looking at a dead-end. Several travel-related startups have laid off significant numbers of employees…
New Delhi-based co-working space solutions provider, Awfis, recently announced that it has raised ₹40 crore in debt and equity through its ongoing Series D round funding. The round saw participation from its existing investors Bisque Limited and Link Investment Trust. The WeWork inspired proptech company started its Series D round last year in August. The…
International Finance Corporation (IFC), a member of the World Bank Group, focused exclusively on the private sector in developing countries, has plans to invest up to $35 million in paper manufacturer JK Paper Ltd, according to a VCCircle report. IFC said in a statement that it will invest by subscribing to secured non-convertible debentures (NCDs)…
London-based multinational media and digital marketing communications company Dentsu Aegis Network’s flagship media agency Carat India recently announced the appointment of Anita Kotwani as its Chief Executive Officer. Anita replaces MICA-alumnus Rajni Menon, who served as CEO of Carat for about three years. Prior to this, Kotwani was at Mindshare India where she held the…
Axys Nutrition Products Pvt Ltd, a Mumbai-based nutraceutical company developing evidence-based nutrition and nutraceutical products, under the brand name Nutrova, announced that it has raised pre-Series A funding from DSG Consumer Partners. Financial details of the funding remain undisclosed. Founded by Akshay Pai in 2013, Nutrova claims that its evidence-based nutrition products are designed to…
Bengaluru-based intra-city logistics platform Blowhorn has recently raised an undisclosed amount of venture debt funding from Gurugram-based Trifecta Capital. Blowhorn is promoted by Catbus Infolabs Pvt. Ltd, which operates the asset-light logistics marketplace. The company plans to use these funds for achieving full P&L profitability by the end of the year 2020. The startup said…
Since the lockdown began in India in March, online entertainment and gaming platforms have seen a sharp increase in their user database and consumption. The growing demand and popularity of such platforms have forced companies to expand teams to cater to the audience smoothly. One such company is online gaming platform Baazi Games. The company…
EmpMonitor, an employee monitoring SaaS platform, recently announced that it is planning to ramp up hirings and will hire about 100 people by the end of the year 2020. EmpMonitor is a global provider of employee monitoring, insider threat prevention, and data loss prevention software solutions. The company said in a statement that the new…
AGC Networks Limited, a Global Solutions Integrator and an Essar enterprise, announced that it will be acquiring Fujisoft through its indirect subsidiary – Black Box Holdings Limited Cayman Islands. Fujisoft is a technology company committed to bringing the best possible technology solutions to customers in the region. The company said that the acquisition of Fujisoft…
Tata Consultancy Services, a global IT services, consulting and business solutions organization, announced that it has been recognized as a Leader in the Gartner Magic Quadrant for Public Cloud Infrastructure Professional and Managed Services, Worldwide. “With the cloud becoming foundational to building a future-proof digital core, enterprises are accelerating their cloud adoption. TCS’ investments in…
BharatPe, a UPI payments and digital lending platform, announced that it has appointed Ankur Jain as Chief Product Officer. In his new role, Ankur will contribute to BharatPe’s plans to scale up its footprint to 10 million merchants this year. Ankur becomes the fifth CXO at BharatPe. He will be joining Vijay Agarwal (CTO), Nishit Sharma…
Blue Star Limited, India’s air conditioning and commercial refrigeration player, announced that it has successfully completed raising Rs 350 crores through private placement of Non-Convertible Debentures (NCDs). The NCDs will be listed on the Wholesale Debt Market of National Stock Exchange of India Limited. The NCDs are unsecured and carry a coupon rate of 7.65%…