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Ather Energy, an electric scooter manufacturer, announced it has raised $35 million in Series D funding round led by Sachin Bansal. The round also saw participation of Hero MotoCorp, who invested $12 million as a part of the Series D funding round. Till now, Sachin Bansal has invested $53 million in the startup. Founded in…
Aurobindo Pharma announced that it has entered into a share purchase agreement to acquire 100% equity share capital of MViyeS Pharma Ventures Private Limited (MViyeS). The acquisition was completed on November 6, 2020, the company said in its press release. Before acquisition, MViyeS was holding 32.18% shareholding in Eugia Pharma Specialities Limited, a joint venture…
TurboHire, an Intelligent Recruitment platform that specializes in talent acquisition and candidate discovery, announced that it has raised $1 million in a seed funding round led by Pentathlon Ventures. The funding round saw participation from Kia Ora Ventures as well as individual investors Monish Darda, Sanjay Balram and Prabir Jha among others, TurboHire said in…
The Association of Indian Forging Industry (AIFI) has announced the appointment of Vikas Bajaj as its new President for the term 2020-22. Yash Jinendra Munot was appointed the new Vice President, becoming the youngest VP elected by the AIFI. Most recently, Bajaj served as Vice President of AIFI. Vikas Bajaj succeeds S Muralishankar, who held…
The Adani Group announced entering into a strategic collaboration with Italy-based Snam, Europe’s leading gas infrastructure company. The collaboration, an integral part of the virtual summit between Indian Prime Minister, Narendra Modi and Italian Prime Minister, Giuseppe Conte, would envisage exploration of the hydrogen value chain in India and global markets, as well as the…
TUBBR, world’s first personal social network has raised angel funding from Global Ascent Partners and International Growth Consulting & VC fund based in Austin, Texas, according to YourStory report. The Frisco-based startup will use the funds to support TUBBR PRO, which will be unveiled in January 2021. Founded by Saurabh Uttam and Ravi Singhal, TUBBR…
Sandhar Technologies, a company that manufactures and distributes automobile equipment, announced the appointed of Puru Aggarwal, Chief Financial Officer of the Company as an Additional Director (Executive) of the Company, effective 06th November, 2020. Puru Aggarwal is also appointed as a Whole Time Director of the Company for a period of 5 years commencing from…
APL Apollo Tubes Ltd. (APL) has signed a Memorandum of Understanding (MoU) with Zamil Steel Buildings India Pvt. Ltd. (Zamil Steel India) to develop a market for pre-engineered steel buildings (PEB) made from structural steel tubes. This is in line with APL’s strategy to create new markets for structural steel tubes in India, the Company…
Equifax, a global data, analytics, and technology company has announced that Melissa D. Smith, Chair, Chief Executive Officer and President of WEX, has been elected to its Board of Directors. She was also appointed to the board’s Governance Committee. “We are thrilled to welcome Melissa as a new independent director on our board,” said Mark…
Omaxe, one of India’s leading real estate companies has announced the appointment of Benu Sehgal, a veteran in Retail, Mall Management, Amusement, Media and Entrepreneurship as President – Retail. In her new role at Omaxe, Benu Sehgal will be responsible for retail and commercial projects of the company. Benu Sehgal has over 23 years of…
NeoBenk, a Worldwide Digital Payment Corporation, announced that it is setting up an investment of $10 million in the Indian market of its global investment program of $50 Million (about Rs37.5 Crore). “As investors get cautious about dealmaking in India amid the coronavirus outbreak and their appetite for funding early stage startups are evaporating, NeoBenk…
Koch Separation Solutions (KSS), a global leader in separation technology, announced the acquisition of RELCO, a top provider of cutting-edge process technologies for the dairy and food industry. “The acquisition allows KSS to better serve customers and leverage the synergistic capabilities of its various complementary technologies in the dairy, food, and beverage markets,” the company…
Vimeo, the world’s leading professional video platform, announced a $150 million equity investment from technology investment firm Thrive Capital and GIC. “The funding comes on the heels of record growth at Vimeo—heavily driven by demand from business and corporate customers —and values the software-as-a-service (SaaS) company at $2.75 billion,” Vimeo said in its press release.…
WheelsEMI, a Pune-based specialist in financing pre-owned two wheelers, announced it has raised Rs 105 crore in series C funding from its existing investors Faering Capital and Elevar Equity, according to ET report. Earlier, WheelsEMI had raised Rs 23 crore in series A funding in March 2017, followed by series B funding of Rs 100…
L’Oréal announced changes to the geographical scope of some of its Zones following the departure of Jochen Zaumseil, President of the APAC Zone, effective from 1st January 2021. L’Oréal said that the South Asia and the Middle East/North Africa Zone will be joined to create the SAPMENA Zone (South Asia Pacific – Middle East –…