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Thales, a Paris-based IT & Services company, announced that it has deployed the world’s first GSMA-certified eSIM activation solution on Google Cloud. This solution will offer telecom operators secure and highly scalable support to manage increases in mobile subscriptions for eSIM-capable devices. “It also lets them benefit from the reliability of Google Cloud’s carbon neutral…
Rooter, a New-Delhi based sports fan engagement platform, announced it has raised $1.7 million in a fresh funding round led by Paytm, Adidas family-backed leAD Sports, Rockstud Capital, and Founder Bank Capital—the early-stage arm of RB Investments. Anthill Ventures, Venture Catalysts and other angel investors also participated in the round, according to a press statement.…
Colliers International announced the appointment of Ajay Sharma Ayyagari as the Managing Director of the Valuations business in India. Prior to this role, Ajay was working with Deloitte where he was the Director Financial Advisory (Valuations). Ajay is a registered architect with COA, Member of Royal Institute of Chartered Surveyors (MRICS) and Fellow of Institute…
The ongoing economic disruption across the world, due to Covid-19 has highlighted the dangers of manufacturing activities being concentrated in a single location and thrown up the need for diversification of supply chains and manufacturing. This has thrown up a huge opportunity for India – one of the fastest growing economies of the world and…
Experience Commerce, a part of Cheil Group Company, announced that it has partnered with Lenovo India to design & develop a Technology Platform that would facilitate recruitment of volunteer teachers and matching them with deserving students. The company said that the teacher shortage is a known problem in India and there have been many campaigns…
The Indian offline retailers and industry association Confederation of All India Traders have always been up against the online marketplaces like Amazon, Flipkart and others for unfair market practices and deep discounting. There have been numerous times when the two have clashed in courts regarding these issues. But recently, in a bid to compete fairly…
After the second phase of lockdown came to an end, e-commerce websites in India are now finally get geared up for resuming of business in non-essential items. Although the Ministry of Home Affairs has given a go-ahead for resuming businesses, major Indian cities which makes a huge chunk of their sales, are still under lockdown…
Clari, the revenue operations leader, announced the appointment of Laura MacKinnon as Chief People Officer. In her new role, Laura will lead the company’s people experience, operations and talent acquisition functions across Clari’s Sunnyvale and Bengaluru offices. Laura has more than 20 years of experience building and leading people organizations at high-tech firms including Yahoo!,…
Reliance Industries Limited and Jio Platforms Limited announced that Silver Lake will invest ₹ 5,655.75 crore into Jio Platforms. “In the wake of the severe economic disruptions caused by the COVID-19 pandemic, globally and especially within India, this partnership with one of the most renowned tech-investors globally, Silver Lake, has special significance. Comprehensive digitisation will…
Grofers, a low-price online supermarket that provides grocery delivery, said that it is on track to rack up $60-$70 million in new funding, according to an ET report. Currently, the company has registered a major demand surge with more Indians shopping online for essentials amid a continued nationwide lockdown to stem the spread of the…
LoadShare, a Bengaluru-based tech-enabled logistics platform, announced it has raised Rs 100 crore funding led by Beenext. Other investors that took part in the funding round include CDC Group and existing investors Stellaris Venture Partners, Matrix Partners and venture debt fund Alteria Capital. The company plans to use the funds to deepen its ‘essentials’ supply…
LiL’Goodness, a Bengaluru-based children’s food and nutrition startup, announced that it has raised Rs 5 crore funding led by Japan’s Beyond Next Ventures and angels including Sajan Pillai from Season Two Ventures. The company will utilise the current funds infusion to boost expansion. The company will expand its packaged foods range, distribution network and production…
Layoffs have become an everyday news during the ongoing coronavirus pandemic. There have been numerous reports from the talent ecosystem about companies handing over pink-slips to employees to survive the crisis and conserve cash. Though most of the job cuts so far were only limited to medium or junior level employees, in a very surprising…
US-based HR-tech company Namely has reportedly downsized 40% of its staff including some senior level executives and CxOs. According to a TechCrunch report, the eight-year-old startup has laid off over 400 employees or 40% of its workforce. The cuts are across the board, from high-ranking staffers, including a CFO who was brought on almost exactly two…
IT company Tech Mahindra recently announced that it is putting a hold on incentives and wage hikes amid the coronavirus pandemic. As the coronavirus outbreak disrupts operations worldwide, the company is not looking at any clarity on business. However, the company said that its junior associates will still get their full remuneration packages. Talking to…