HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.
Betterplace, a Bengaluru-based tech platform delivering digital solutions for blue-collar workforce management throughout the value chain, announced that it has raised $10 million in a Series B funding round led by Jungle Ventures. Existing investors that participated in the funding round are Unitus Ventures, 3One4 Capital, and Venture Highway. Post this funding, the company is…
Microsoft and Accenture have announced the extension of a joint initiative announced earlier this year to support startups that are focused on solving critical business challenges related to sustainability and skilling. The immersive, hands-on program provides technology support to help startups build scalable solutions and business models that can lead to more tangible and lasting…
Kotak Mahindra Bank, one of the largest private sector banks in India has appointed Shweta Pathak as Vice President – Human Resources, according to the ETHRWorld report. In her new role as VP of Human Resources, Pathak would be leading Campus and Talent Branding for the bank. Prior to joining Kotak Mahindra Bank, Pathak was…
InVideo, a video creation platform to create video ads, promo videos, social media videos and more has announced that it has raised $15 million in Series A funding led by Sequoia Capital India. Other investors that participated in the Series A funding round are Tiger Global, Hummingbird, RTP Global, and Base Ventures. The online video…
Tata Consultancy Services, a global IT services, consulting and business solutions organization, has been selected as a strategic partner by Equinor, the Norway-headquartered global energy company, to accelerate its digitalization journey and help realize its vision of becoming a digital energy company. TCS will leverage its deep domain knowledge of the energy sector, expertise and…
Origo, a complete post-harvest management services for agricultural commodities has said that it has raised Rs 35 crore debt from Northern Arc Capital and other investors, according to PTI report. Origo group firms Origo Commodities and Origo Finance, will use the fund for securitizing the agricultural markets and streamlining the supply chain mechanism for agri…
Hubilo, a global intelligent virtual events platform that brings Experience & Intelligence together, announced that it has raised $4.5 million in a seed funding led by Lightspeed Venture Partners. Angel investors that participated in the current financing round include Freshworks chief executive Girish Mathrubootham, former LinkedIn India CEO Nishant Rao and Slideshare cofounder Jonathan Boutelle. …
Mary Kay, one of the most enduring, successful direct sellers of personal beauty products in the world, announced the appointment of Wendy Wang as Chief Commercial Officer in the Asia Pacific region at the company’s global headquarters in Addison, Texas, U.S. “We are honored to announce the appointment of Wendy Wang to this senior leadership…
OutSystems, a modern application platform that enables organizations of all sizes to deftly tackle any kind of critical application, announced the appointment of Subrato Bandhu as Regional Vice President for India. Bandhu has over 20 years of experience in B2B enterprise software. His leadership experience includes bringing innovative strategies into execution, driving managerial decisions, and…
Rokt, the global leader in e-commerce technology, announced it has raised $80 million in Series D funding round led by TDM Growth Partners. Existing investor Square Peg also participated in the funding round. Post funding, Rokt’s valuation has increased to $450 million. The company will use the capital to accelerate research & development and support…
Svami, a Mumbai-based FMCG startup that sells non-alcoholic aerated beverages, announced that it has raised Rs 6.5 crore in a bridge round led by Mumbai Angels Network, according to YourStory report. Other investors that participated in the funding round are Rukam Capital Trust; Niren Shah, Managing Director of Norwest Venture Partners; and Ashish Chand’s family…
Jumbotail, a B2B e-commerce marketplace for food and grocery products, announced that it has raised $11 million as part of its Series B2 funding round led by Heron Rock. Other investors that participated in the current funding round include Jumbofund, Nexus Venture Partners, Siddhi Capital, Reaction Fund, Pimpernel Holdings and a group of HNIs. Founded…
Quick Heal Technologies Limited, one of the leading providers of IT Security and Data Protection solutions for consumers, businesses, and government, announced the appointments of Sanjay Agrawal and Bibhuti Kar as Chief Product Officer and Head of Research and Development respectively. “The expansion of the leadership team reinforces Quick Heal’s commitment to accelerate product innovation…
Mukesh Ambani’s Reliance Industries Limited will roll back salary cuts for the employees of its hydrocarbons division, according to the PTI report. In addition to this, the company will pay a performance bonus to its employees that had been deferred due to the pandemic. The firm is also offering an advance 30 percent of the…
Tata Consultancy Services, a global IT services, consulting and business solutions organisation, announced that Volt, Australia’s first neobank, has partnered with TCS to power Volt 2.0, its next-generation Banking as a Service (BaaS) platform. Set to launch in 2021, Volt 2.0 will leverage TCS BaNCS, a global payments solution, to expand the bank’s offerings to…