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Alphabet, the parent company of Google on Friday crossed the $1bn valuation mark. With this Alphabet became the fourth tech company to cross $1trillion milestone. Alphabet joins Apple, Microsoft, and Amazon in the exclusive club. Amazon passed the $1trillion mark in September 2018 but its current value is estimated at $931bn. Apple was the first…
Phenom People, a talent experience management platform, has raised $30mn in Series C funding led by WestBridge Capital. The funding round saw participation from New York-based AllianceBernstein Private Credit Investors’ Growth Stage Capital. Existing investors AXA Venture Partners, Sierra Ventures, Omidyar Technology Ventures, Sigma Prime Ventures, and Karlani Capital also participated in the round. The…
Piramal Enterprises Ltd to sell its healthcare analytics unit Decision Resources Group to US-based Clarivate Analytics Plc for $950 million. The company will get $900 million at the time of closing the deal and the remaining $50 million after one year, it said in a statement. The deal is likely to be completed on or…
Ed-tech startup, ExtraaEdge Technology Solutions Pvt. Ltd, has raised $700,000 in its pre-Series A funding round. The funding round was led by Bengaluru-based Sprout Venture Partners and the Indian Angel Network, ExtraaEdge said in a statement. Others that participated include TiE Pune Angels, First Cheque LLP and UIncept. Abhishek Ballabh, co-founder at ExtraaEdge, said the…
Simplotel, a Software-as-a-Service (SaaS) Technology company offering e-commerce solution for hotels, and Mint Hotels, a chain of over 25 hotels and resorts across various business and leisure destinations in India have partnered to drive a three-fold increase in direct website bookings. Online is fast becoming the go-to channel for guests to book hotel rooms and…
Private equity firm WestBridge Capital has led a $30 million round of investment in the US-based HR technology company Phenom People Inc. The company said to use the fresh capital to grow its operations. American investment firm AllianceBernstein LP also participated in the funding round, Phenom People said in a statement. This is its Series…
GE T&D India appoints Pitamber Shivnani as its company’s new Chief Executive Officer & President, GE Grid Solutions South Asia. Pitamber to replace Sunil Wadhwa, who left the company last year to pursue opportunities outside GE. As part of this role, Pitamber Shivnani will be managing GE’s Grid Solutions markets for India, Bangladesh, Sri Lanka,…
Trident Limited- Group Companies, has been awarded with Gold Trophy in the category of Highest Global Exports by “The Cotton Textiles Export Promotion Council (TEXPROCIL)” at its Export Award function on January 16, 2020 at Mumbai by Smriti Zubin Irani, Union Minister of Textiles, Govt. of India. The awards were presented to the outstanding export…
Mundipharma has announced partnership with Samsung Bioepis to commercialize Samsung Bioepis’ first-wave biosimilar candidates in Taiwan and Hong Kong. The partnership covers Samsung Bioepis’ biosimilar candidates in the field of immunology and oncology, including SB5 (adalimumab), SB4 (etanercept), SB3 (trastuzumab), and SB8 (bevacizumab). Through the partnership, Mundipharma will be the exclusive commercialization partner, while Samsung…
Delhi-based early-stage venture capital (VC) firm, Venture Highway, on Thursday announced that it has raised an amount of $78.6mn for its second fund. The second fund will be purely focused on seed investments in Indian technological start-ups. The VC firm raised this money from a group of Silicon-Valley based tech leaders. Venture Highway was founded…
WorkBoard has announced a $30 million Series C funding round led by Andreessen Horowitz. The round comes as the company tripled sales again in 2019, fueled by both new customers and rapid expansion within its large enterprise customers. Previous investors GGV Capital, M12 and Workday Ventures made additional investments in the round as well. Today,…
The Mumbai-based global pharma company, Wockhardt, on Thursday became the first Indian company to get the Drug Controller General of India (DCGI) approval for two of its novel antibiotics, Emrok (injectable) and Emrok O (oral). The new antibiotics will be launched in the next few months in domestic as well as Chinese markets. The antibiotics…
First Advantage, India’s Background Screening firm, has announced that Vivek Khanna – Managing Director, India Region, will be leaving the company over the next couple of months. Khanna has been a part of First Advantage for more than six years and most recently has played the role of “chief architect” relative to the reshaping First…
The Enforcement Directorate on Thursday summoned the entire top management of AirAsia including its past top executives. AirAsia’s Malaysia based-CEO Tony Fernandes is asked to appear before the official on 20th January. Summons have been issued under the Prevention of Money Laundering Act (PMLA). The case is related to an alleged violation of rules by…
Sterling and Wilson Solar Limited, a solar EPC solutions provider, has been awarded the prestigious ‘Utility-Scale Solar Project of the Year’ at the recently held Middle East Solar Awards 2020 in Abu Dhabi. The Company was felicitated with the award during the World Future Energy Summit, one of the leading global industry events for future…