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Klub, a fintech play providing growth financing, has raised $2 million in a pre-seed round from Surge, Sequoia India’s rapid scale-up programme, and a group of angel investors. The company was founded by Anurakt Jain and Ishita Verma. The company will utilize these funds to strengthen their technology and increase the team bandwidth. In a…
Visa Inc. has announced that the company has signed a definitive agreement to acquire Plaid, a network that makes it easy for people to securely connect their financial accounts to the apps they use to manage their financial lives. Visa will pay total purchase consideration of $5.3 billion to acquire Plaid. Plaid’s products enable consumers…
Sonali Khanna has been appointed as the head of Lowe Lintas, South. Her appointment is effective immediately. An Executive Director in the organisation, Sonali has been in the advertising business for over two decades – of which she has spent 15 years with Lowe Lintas across offices in Delhi, Mumbai & Bangalore. In a company’s…
Keito, a cognitive AI solutions on image, text and voice technology, has recently raised $160,000 in seed funding from one of its key customers, Suma Soft Pvt Ltd. The company was founded by Amal PS in 2016. The round also saw participation from existing angel investors – Vishnu Bhat (promoter Blue Neem and ex-Infosys Global…
Tata Consultancy Services, a global IT services, consulting and business solutions organization, has been positioned as a Leader in the Gartner Magic Quadrant for Application Testing Services, Worldwide, for the sixth consecutive year, based on its Completeness of Vision and Ability to Execute. “ln a Business 4.0″ world, the adoption of cutting-edge quality engineering practices…
Wheebox, an online talent assessment firm, has appointed Bishnu Nepak as its chief revenue officer for India business. Prior to this, Nepak was working with Microsoft as the lead of cloud and annuity business. In a media statement, Nepak said, “As organizations transform their business for the digital age, insight-driven people decisions will be a…
Procter & Gamble Health Limited has announced its partnership with the Public Health Foundation of India (PHFI) to implement a digital health project in the state of Goa under its corporate social responsibility (CSR) program ‘SEHAT’. Speaking about the program, Milind Thatte – Managing Director, Procter & Gamble Health Limited stated, “The uniqueness of this…
Infosys, a next-generation digital services and consulting has partnered with GEFCO, a multimodal supply chain solutions and the European leader in automotive logistics, to support its digital transformation over the next five years. As a key business and technology partner of GEFCO, Infosys will help transform the group’s next generation business application management services. Building…
WATConsult, a digital and social media agency, has elevated Heeru Dingra to the Chief Executive Officer (CEO) while the current CEO Rajiv Dingra has been appointed as the chief mentor and advisor for WATConsult. The appointment will be effective from February 1, 2020. In a statement, Anand Bhadkamkar, CEO of Dentsu Aegis Network, said, “She…
Hexaware Technologies Ltd., a next generation providers of IT, BPO and consulting services, and a Workday services partner, has announced that it has been recognized as a Contender in Workday Services in “The Forrester New Wave: Workday Implementation Partners, Q3 2019.” The report is Forrester’s evaluation of the emerging market for Workday implementation partners. The…
Mumbai-based Manash Lifestyle Pvt. Ltd, which operates beauty products and services marketplace Purplle.com, has secured funding of ₹56 crore from Belgian private investment firm Verlinvest SA in an extended Series C round. The funds will be used to strengthen Purplle’s supply chain, innovation and technology capabilities as well as for brand-building, according to a press…
epiFi, a tech startup for digital natives, has raised $13.2mn in seed funding round led by Sequoia India and Ribbit Capital. The round also saw participation from Hillhouse Capital and angel investors, including David Velez (Founder of Nubank), and Kunal Shah (Founder and CEO of Cred). The company was founded by Sujith Narayanan and Sumit…
Pando, a networked freight management platform, has raised ₹64 Cr in Series A funding round led by Chiratae Ventures. The round also saw participation from existing investor Nexus Venture Partners, and Siemens-backed Next47. Angel investors like Ramkumar Narayan, VMWare India MSD, Alok Mittal, CEO of Indifi, and Saikiran Krishnamurthy of xto10x Ventures also participated in…
Walmart Inc, the world’s largest retailer, has laid-off more than 50 of its India executives as part of its restructuring efforts in the country. According to a Reuters report, citing Krish Iyer, President and CEO of its India unit, about eight senior management executives were also fired. The move clearly signals the struggles Walmart is…
Overall activity in Asian property markets remains firm, and recent developments brighten prospects for the coming year and should raise confidence among investors, developers and occupiers, according to a new report by Colliers International, a global commercial real estate services provider. Despite headwinds, such as the general economic slowdown, trade situations between the US and…