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BuildPan, an app development and testing platform, has raised a seed round of funding from HNIs in India, Japan, and the US. The company was founded by Sonal Dandotia, Shantanu S, Virendra Chouhan and Vaibhav Tiwari in 2019. Other investors include Yusho Kawata, partner at Elrise Corporation Inc Japan, angel investor Sunil Kumar Singhvi and…
Nilesh Sangoi, former Meru CEO, has been appointed by Fincare Small Finance Bank as Chief Digital Officer and Head of Data Analytics division. Prior to this, Sangoi was the CEO of Meru Cabs from January 2017. Nilesh has over 22 years of experience in building technology platforms for multiple businesses. His last assignment was with…
Slayback Pharma LLC has announced an agreement with The Everstone Group (“Everstone”) to invest up to US$50 million in Series B funding. The new capital will be used to expand and accelerate further Slayback’s already rich and differentiated pipeline of complex generic and specialty pharmaceutical products. In addition to the investment, Everstone Managing Directors Arjun…
Rivigo, a technology company that is building the material movement pipeline, has raised $3.4 million in debt funding from venture debt firm Trifecta Capital, marking the company’s third debt financing. The company was founded by Gazal Kalra & Deepak Garg in 2014. Earlier in December, Rivigo seeks to raise $20 million as part of its…
Biocon Ltd, an innovation-led global biopharmaceuticals company, today announced that the Board of its subsidiary Biocon Biologics India Ltd has approved a primary equity investment by True North. As per the terms of the proposed agreement, True North will invest ₹ 536.25 Crore that will eventually translate to a 2.44% minority stake in the biosimilars…
Lyons HR, a leading IRS-certified and ESAC-accredited Professional Employer Organization (PEO) with worksite employees in 44 states, announced that it has acquired Acline HR of Punta Gorda, Florida. Bill Lyons, CEO of Lyons HR, said, “The leadership of Acline HR shared our central focus on client satisfaction and improving the client experience. That made this…
Cyient, a global engineering and technology solutions company, today announced the opening of its new Development Center in Warangal. The center will be inaugurated on January 07, 2020 by K.T. Rama Rao, Minister for IT, Municipal Administration & Urban Development, Industries, and Commerce, Government of Telangana in the presence of BVR Mohan Reddy, Founder and…
In view of the new SEBI rules on corporate governance, it has been observed that over 200 companies are falling short on the deadline to split the roles of Chairperson and Managing director. In 2018, the Indian regulator SEBI advised the top 500 listed companies to appoint a Non-Executive Chairperson on their board. As per…
Adani Ports and Special Economic Zone Limited, India’s largest port developer, operator and the logistics arm of the Adani Group will be acquiring a controlling stake of 75% from the existing shareholders of KPCL. This acquisition will accelerate APSEZ’s stride towards 400 MMT by 2025. Acquisition value of KPCL is approximately Rs.13,500 cr. The purchase…
P R Seshadri, managing director and CEO of Karur Vysya Bank, resigned from the position citing personal reasons. He will be relieved from the services of the Bank at the close of working hours on 31st March 2020 as per his request, the Bank informed the exchanges on Saturday. In a BSE filing, the company…
XpressBees, an end-to-end supply chain solutions, has raised Rs 71.2 crore ($10 million) in fresh funding from existing investor Alibaba. The company was founded by Supam Maheshwari and Amitava Saha in 2015. Earlier, XpressBees had raised $157.6 million in six funding rounds. The company will utilize these funds for growth and expansion of its business.…
Ishaan Malhi, the founding chief executive of online mortgage broker Trussle, has resigned with immediate effect. Trussle declined to comment on his reasons for leaving. The company is now searching for Malhi’s replacement and in the interim says it will be led by Chairman Simon Williams and others in the senior leadership team. As per…
According to a report by Cushman & Wakefield, private equity investments in the real estate sector during the first three quarters of 2019 rose to Rs 39,182 crore, up 19% from a year ago period. Bulk of it was bagged by commercial real estate segment including the office segment that remained the favoured investment asset…
SuperSurfaces, a design-solution based company, has raised $500,000 in an angel funding round led by US-based investor Vishnu Reddy. The company was founded by Kumar Varma in 2014. The company will utilize these funds to increase delivery capacity of over 10 lakh square feet by March 2023 and is also planning to expand its product…
FabHotels, a budget hotel brand, is likely to raise nearly Rs 40 crore in a Series B2 round from its existing investors United States-based Goldman Sachs, Accel and Singapore’s RB Investments. The company was founded by Vaibhav Aggarwal and Adarsh Manpuria in 2014. Earlier, it had raised $7.8 mn from Goldman Sachs & Others. The…