HrNxt Newsdesk

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PNB Housing Finance enters MoU with IIT Delhi to develop sustainable and reusable PPE kits for healthcare workers

Sustaining its commitment of contributing towards the well‐being of healthcare workers during the COVID‐19 pandemic, PNB Housing Finance Limited announced that it has signed a Memorandum of Understanding (MoU) with IIT Delhi. The initiative will support critical research and development (R&D) of a unique prototype material to be used in manufacturing sustainable (washable and reusable) PPE…

Agritech startup Clover raises about Rs7 cr debt funding from Alteria Capital

Clover Ventures Pvt. Ltd, which operates as an agricultural-technology firm focussed on providing greenhouse-grown fresh produce, announced it has raised Rs 7 crore in debt funding from Alteria Capital. Existing investors that took part in the debt funding round include venture capital firm Omnivore, Accel and Mayfield India. “The recently closed Series A round alongside…

Pune-based MetaMorphoSys raises pre-Series A funding led by Good Capital

MetaMorphoSys, a SaaS-based digital insurance platform, announced it has raised pre-Series A funding led by early-stage venture capital firm Good Capital.  Other investors that participated in the round include Trifecta Capital managing partner Rahul Khanna, MetaMorphoSys said in a statement. However, it did not disclose the amount it raised. The Pune-based company will use the funds…

Wipro repurpose its Pune office into 450-bed Covid-19 hospital

Indian IT major Wipro recently announced that it has signed a Memorandum of Understanding (MoU) with the state government of Maharashtra under which it will repurpose one of its information technology campuses at Hinjewadi in Pune to a 450-bed intermediary care COVID-19 hospital in four weeks and hand it over the state government. The hospital…

Intel acquires Moovit for $900mn to accelerate Mobileye’s Mobility-as-a-Service Offering

Tech giant and chipmaker Intel Corporation recently announced it has acquired Israel-based Moovit, a mobility-as-a-service (MaaS) solutions company, for approximately $900mn. Moovit is known for its urban mobility application that offers travelers around the world the best multimodal trip planning by combining public transportation, bicycle and scooter services, ride-hailing, and car-sharing. The addition of Moovit…

Treasury Prime raises $9mn in Series A funding round

San Francisco-based Treasury Prime recently announced that it has raised $9mn in its Series A funding round. The funding round led by Amias Gerety of QED Investors with participation by Jason Lemkin of SaaStr and Hans Morris of NYCA Partners. The recent funding round builds on Treasury Prime’s previous $2.5mn seed round. With the latest fund infusion, the company’s total funding nears $11.5mn.…

Park Place Technologies appoints Mohammed Atif as Business Development Director for India

IT Data Center maintenance company Park Place Technologies recently announced that it has appointed Mohammed Atif as the Director of Business Development for India. Atif brings more than 19 years of experience in the IT Service industry, with expertise in leading sales initiatives and partnerships. With previous experience in third party maintenance and across system…

US financial body gives $15 mn loan to Bengaluru-based Varthana for quality education

Varthana, a Bengaluru-based startup that provides loans and support to affordable private schools in India, said it will receive a $15 million loan from an American financial organisation. “An American financial organisation has agreed to sanction $15 million loan to an Indian education startup to expand the access to quality education by providing critical financing…

ApplyBoard raises C$100 mn Series C funding led by Drive Capital

ApplyBoard, the online platform that transforms how students access international education opportunities, announced it has raised CAD 100 million (approx. US $71.1 million) in Series C funding. The funding round was led by Drive Capital and joined by certain funds managed by Fidelity Investments Canada ULC, Business Development Bank of Canada, and existing investors including…

Tupperware names Marco Brandolini as VP of commercial business for EMEA region

Tupperware Brands Corporation announced Marco Brandolini as the Company’s Vice President, Commercial for Europe, the Middle East and Africa (EMEA). He will report to Patricio Cuesta, President, Commercial, Worldwide, along with Luis Vazquez, Senior Vice President, Sales & Marketing; Christine Wong, Vice President, Asia Pacific; and Hector Lezama, Senior Vice President, Expansion & Turnaround Markets. …

Ara Partners closes $400 mn fund to invest in North America and Europe

Ara Partners, a private equity firm specializing in industrial decarbonization investments, announced that it has closed its debut fund, Ara Fund I, LP, with approximately $400 million in capital commitments. Ara Partners was co-founded by veteran investors Charles Cherington and Troy Thacker. The Fund will invest in companies in North America and Europe that are…