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The automobile sector has been facing a sharp decline in its sale amidst the ongoing pandemic. Companies like Maruti Suzuki have for the first time reported zero sales, indicating how severely the crisis has hit the industry. Attempting to save its sales and further build customer network, Fiat Chrysler Automobiles India recently announced the launch…
Riding on the new wave of increasing user base and sharp growth in business revenues, edtech startups are now raising new funds to improve their services and expand into newer markets. Recently, Ahmadabad based edtech startup Pedagogy has raised $400,000, led by Inflection Point Ventures (IPV). Founded by Archin Shah along with Abhilash Sonwane and…
The online learning platforms have lately been witnessing a massive surge in users due to the government imposed nationwide lockdown. Since the New Delhi called for a nationwide lockdown, physical learning taking place in classrooms of colleges, schools or coaching institutes have come to a halt. While schools are having a tough time to connect…
Spanish HR automation startup Factorial recently announced that it has secured $16 million in Series A funding round led by Silicon Valley-based VC firm CRV. Creandum, Point Nine and K Fund (three of the most successful funds in Europe) also took part in the funding round. All of these have already invested in Factorial’s last…
As the coronavirus pandemic has halted onsite learning at school, colleges and tuition, edtech platforms have been witnessing a surge in their user database. Taking into account the demand of these platforms, investors have been aggressively putting their bets on these platforms. Recently, Noida-based Classplus announced that it is set to go ahead with its…
British multinational engineering company Rolls-Royce Holdings Plc is reportedly planning to cut 15% jobs as the airline industry globally struggles to tide over the ongoing coronavirus crisis. According to a Financial Times report, senior executives of the aero-engine maker have begun work on a restructuring plan that would shrink the 52,000-strong workforce by up to…
The hospitality sector is one of the most affected by the ongoing coronavirus pandemic. With travel of any kind coming to a halt and governments imposing lockdowns, companies in the sector are bracing for severe impact. Recently, there has been multiple reports about layoffs and furloughs in the industry by the companies to save cost.…
Indian hospitality unicorn OYO Hotels & Homes recently announced that it has appointed former Starbucks Chief Operating Officer Troy Alstead as an Independent Director. According to an official company statement, in his new role, Troy will play a supervisor and provide guidance to OYO Founder Ritesh Agarwal and the management on key business decisions. Before…
While the coronavirus pandemic has led to a surge in consumption of online streaming platforms, Singapore-based Hooq recently announced that it is filing for liquidation and has shutdown its services. According to a TechCrunch report, the five-year-old on-demand video platform has reportedly terminated its partnerships with Disney’s Hotstar, Grab and Indonesia’s VideoMax. A joint venture…
Vector Capital, a Delhi-based venture debt company that offers funded start-ups a more efficient method of acquiring speedy capital for their operations, announced that it has launched a fund with a focus to provide capital to new and innovative VC funded start-ups. “The Vector Capital investment thesis is to focus on ventures in Consumer Internet,…
H.C. Starck Solutions, a global leader in refractory metals, announced that its board of directors has appointed Jacob Homiller as new President and Chief Executive Officer. Prior to this role, Homiller served as Senior Vice President and Chief Sales Officer at the A.W. Chesterton Company. Prior to that, Homiller spent more than 10 years with…
Bounce, India’s dockless shared mobility player, announced that it has been working with the Bengaluru Railway Division to provide its COVID warriors with commute options to reach work in time during lockdown. “Under the ScooterHero initiative, over 1000 idle two-wheelers have been registered on the Bounce platform and they will be deployed free of charge…
Japanese two-wheeler giant Honda Motor Co recently announced major changes to its top management team for India unit, Honda Motorcycle & Scooter India (HMSI). The company announced the appointment of Atsushi Ogata as the President, Chief Executive Officer and Managing Director of the company with immediate effect. Ogata is also an Operating Executive at Honda…
NatWest Group, a subsidiary of the Royal Bank of Scotland Group Plc, has recently announced that it has appointed former Lloyds Bank executive, Jen Tippin as the Chief Transformation Officer. In the newly created role, Jen will chair the bank’s Transformation and Cost committee to oversee and track the outcomes of the bank’s three-year investment…
RBS India, the innovation and operations hub of the Royal Bank of Scotland (RBS), recently announced that it has appointed Maneesh Menda as Head of HR for the company. In this role, Maneesh will build the organization’s talent strategy and capabilities, supporting the Bank to achieve its goals. Prior to the appointment, Maneesh was serving…