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Dailyhunt, a Bengaluru-based news platform, announced it has raised Rs 38.27 crore from Sofina Group, a Belgium-based investment company. The current funding is an addition to its Series G funding that took place recently in which it had raised $23.5 million (approximately Rs 180 crore). Post this financing round, the company has raised a total…
LoadShare, the Bengaluru-based logistics startup, has raised Rs 15.3 crore funding as part of its ongoing Series B round, led by CDC Group of UK. Prior to this financing round, the company had raised a cumulative funding of $5 million with investors such as Matrix Venture Partners and Stellaris Venture Partners. Besides, it has also…
SaaSBOOMi, a community for software as a service (SaaS) companies in India, announced that it has launched an initiative to help startups raise unsecured working capital loans to better weather the economic downturn caused by the Covid-19 pandemic. For this initiative, SaaSBOOMi has partnered with Indifi, an NBFC that supports small businesses, to help entrepreneurs…
Nuvocargo, a trucking managed marketplace, announced that it has raised $5.3 million seed round of funding led by Silicon Valley-based NFX and Mexico City-based ALLVP. The seed round also saw participation from One Way Ventures, Maya Capital, Magma Partners, the co-founders of Rappi, the former CMO of Cabify and other angels. The company will use…
Tesla Inc., a San-Francisco-based manufacturer of electric cars, announced it has appointed Hiromichi Mizuno to serve on the board and its audit committee. Prior to this role, Mizuno worked as executive managing director and chief investment officer of Japan’s Government Pension Investment Fund (GPIF), which manages $1.5 trillion in assets. Mizuno placed emphasis on “environmental…
Bharti Airtel, India’s largest integrated telecommunications company, and Ceragon Networks Ltd., announced that Bharti Airtel has selected Ceragon’s products and services for additional 4G network expansions beginning first quarter of 2020. Airtel said that it is looking to increase its network capacity to address growing demand for broadband amidst sharp rise in data consumption across…
The Ministry of Home Affairs announced that it has revised the lockdown guidelines by giving relaxation to local shop owners and certain establishments that are engaged in selling non-essential items. Registered shops selling non-essential goods can now open from Saturday onwards. This order comes as a modification of the order issued by the Ministry on…
Maruti Suzuki India Limited (MSIL) announced that the company has entered into an arrangement with AgVa Healthcare, an existing approved manufacturer of ventilators, to scale up production of ventilators. The company has plans to reach a volume of 10,000 units of ventilators per month. The company said in its release that MSIL would use its…
B9 Beverages, which owns and sells craft beer brand Bira 91, announced that it has raised $20 million in bridge financing from two of its existing investors– Sequoia Capital India and Belgium’s Sofina. Other investors that took part in the funding round include Korean private equity fund Neoplux and multiple family offices, whose names remain…
ManyChat, a Chat Marketing platform, announced that it has partnered with Messenger from Facebook to connect the public to government health organizations and UN health agencies actively supporting COVID-19 response efforts. ManyChat is offering free Pro upgrades for the duration of the crisis and has built specific templates to help these health organizations effectively share…
Johnson & Johnson has announced a collaboration between the Janssen Pharmaceutical Companies of Johnson & Johnson and Emergent BioSolutions, Inc. to support the manufacturing of its lead investigational COVID-19 vaccine candidate. The collaboration is the first in a series of prospective global collaboration agreements designed to accelerate manufacturing of Johnson & Johnson’s COVID-19 vaccine candidate,…
Robert Bosch Engineering and Business Solutions (RBEI), a subsidiary of Robert Bosch in India, has announced the appointment of Dattatri Salagame as its new President and Managing Director, effective April 2020. In his new appointment, Salagame will drive the global strategy of RBEI, the largest software, and technology center of Bosch, outside of Germany. In…
IBM announced the appointment of Martin Chee as the Managing Director of IBM Singapore, effective April 2020. Martin will report to Patricia Yim, General Manager, IBM ASEAN. In his new role, Martin will harness his experience in spearheading IBM’s digital transformation initiatives in Singapore. He will be responsible for business growth and strengthening IBM’s partnership…
Western Union, a company that provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, has announced the expansion of its Global Network for real-time money-movement and payments. The move will benefit the consumers and clients across its branded money transfer and payments business as well as…
Ministry of Home Affairs (MHA) has clarified to all states that there are no such rules in the April 15 guidelines that allow States to “take legal action, including imprisonment of a CEO” in case an employee is found Covid-19-positive. MHA in its press release said, “Some apprehensions, based on wrong interpretation of the guidelines,…