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Mindtree, a global technology services and digital transformation company, provides strong capabilities to use automation and agile methodologies to run IT in a more streamlined and efficient manner, according to ISG. The technology research and advisory firm recognized Mindtree as a global and US leader in “NextGen Application Development & Maintenance (ADM)”, Agile Development and…
Kaleidofin Private Limited, India’s first neo-bank for the informal sector customer, has raised Rs 360 million in series A funding round led by Oikocredit. Existing investors include Flourish, and Omidyar Network India . The company was founded by Sucharita Mukherjee and Puneet Gupta in 2017. It is understood that the company will utilize these funds…
Seekify, a Customer Experience Automation platform, has raised $1.5 million in seed funding led by Sequoia Capital India’s rapid scale-up program surge with participation from angel investors, Nishant Rao (Founding Partner at Avatar Venture Partners), Gaurav Agarwal (1mg) and Sameer Maheshwari (HealthKart). The company was founded by Arihant Jain and Ajeet Kushwaha in 2019. The company…
Open Secret, a food and beverages startup, has raised an undisclosed amount in seed funding led by Matrix Partners. Paytm founder Vijay Shekhar Sharma, Snapdeal founders Kunal Bahl and Rohit Bansal, Godrej consumer products’ CEO Vivek Gambhir also participated in the funding round. The startup was founded by Ahana Gautam and Udit Kejriwal in 2019.…
Medlife, an online platform providing pharmacy, diagnostics, and e-consultation, has raised Rs 110 crore from Wilson Global Opportunities Fund. The company was founded by Tushar Kumar and Prashant Singh in 2014. Earlier, Medlife had raised Rs 118.95 crore (almost $17 million) in equity funding from Tushar’s family trust, Prasid Uno Family Trust. These funds will…
L&T Technology Services Limited, a leading global pure-play engineering services company, announced it has opened a design engineering center in Rockford, Illinois (USA) to cater to the new age digital requirements of the aerospace and defense markets. The latest initiative will enable LTTS to further build on the momentum gained by the company in the…
WNS Limited, a leading provider of global Business Process Management (BPM) services, announced that it has been recognized as one of the Top 50 companies for Learning & Development (L&D) Leadership in the 2019 People Capital Index (PCI). Keshav R. Murugesh, Group CEO, WNS, said, “Skilling for the future is a mission-critical imperative for all…
OYO, the world’s third-largest, and the fastest growing hospitality chain of leased and franchised hotels, homes & living spaces, is likely to lay off up to 2,000 staff by February 2020 (Ref: ET) . The layoffs include sales, supply and operations employees. The layoffs are understood to be a part of the company’s measures to…
Safra Catz is appointed as the sole CEO of Oracle. The decision comes after the tragic death of former CEO Mark Hurd in October this year. The news of her appointment is confirmed by Larry Ellison in the company’s second quarter results. “We have no plans for having a second CEO, it was an unusual…
National Company Law Appellate Tribunal (NCLAT) today reinstated Cyrus Mistry as the Executive Chairman of Tata Group while ruling the appointment of N Chandrasekaran as executive chairman illegal. The restoration will come into effect only after four weeks. Cyrus Mistry and family holds a minority stake in the Tata Sons group with 18.4 percent of shares. With this development, Tata shares fell by 5.25%.
Kathrin Frauscher has been appointed as the new Managing Director and Chief Executive Officer of BMW Financial Services India. Kathrin Frauscher has been associated with the BMW Group since 2007. In her last assignment, she was the Chief Executive Officer of BMW Financial Services Denmark. Prior to this, Frauscher was Head of Sales Performance for…
Springboard, an online learning platform, has raised $11 million in “post series A” round of funding led by Reach Capital, with participation from Pearson Ventures, International Finance Corporation (IFC), Costanoa Ventures, Learn Capital, and Blue Fog Capital. The company was founded by Parul Gupta and Gautam Tambay in 2013. The company has also partnered with…
Pristyn Care, a Healthcare Startup, has raised $12 million Series B funding led by Sequoia India, Hummingbird Ventures, Greenoaks Capital, and AngelList. The company was founded by Dr Vaibhav Kapoor, Dr Garima Sawhney, and Harsimarbir Singh in 2018. Earlier, the company had raised $4 million in a Series A round led by Sequoia India. The…
Bijak, a B2B platform for agricultural commodity trading, has raised $2.5 million from various investors including Omnivore and Omidyar Network India The company also seeked investment from Sequoia Capital India’s rapid scale-up programme – Surge, and Better Capital. The company was founded by Nukul Upadhye, Mahesh Jakhotia, Jitender Bedwal, Daya Rai and Nikhil Tripathi in…
Toffee Insurance, an all-digital insurance technology company, has raised $5.5 million in its Series A round led by IVM Intersurer. The investment round saw participation by Omidyar Network, Flourish Ventures, Accion Venture Lab, and Kalaari Capital. The company was founded by Nishant Jain and Rohan Kumar in 2017. Earlier, it had raised $1.5 million in…