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SARVA, a fitness enthusiasts community, has raised Rs 20 Cr in funding led by Fireside Ventures. The company was founded by Sarvesh Shashi in 2016. The startup will use the funds for retail expansion, marketing, and launching an integrated digital service. It also plans to double its footprint in the next 12 months. In a…
Schneider Electric, the global leader in the digital transformation of energy management and automation, gets recognized in Universum’s Diversity & Inclusion Index (D&I Index). In this inaugural global D&I index, Schneider Electric is ranked in the Top 50 companies and is among the most inclusive employers for students. Tina Mylon, SVP Talent and Diversity at…
Jairam Sridharan, Chief Financial Officer of Axis Bank, will be exiting from his role. The bank in its exchange filing informed that Sridharan has submitted his resignation and would be moving on to pursue other career opportunities. He will continue to serve as the Group Executive & Chief Financial Officer of the Bank under his notice period of three months. He had taken over the CFO role in October 2015.
KPMG and Microsoft Corp have reached a five-year agreement to accelerate digital transformation for KPMG member companies and mutual clients. The two firms are strengthening their global relationship in order to significantly invest in technology, people and innovation. KPMG is modernizing its workplace using the Microsoft 365 suite of cloud-based collaboration and productivity tools, including…
Unified Infotech, a leading web design, and development company announced that it grabbed a spot on the Deloitte Technology Fast 50 India 2019, a ranking of the 50 fastest growing technology companies in India. Rankings are based on percentage revenue growth over three years. During this period Unified Infotech turnover grew to be 87.9% percent.…
The promoters of the US$ 2.7 billion Welspun Group announced that they have acquired a majority stake in One Industrial Spaces, an integrated fund, development and asset management organization focused on the warehousing sector in India. The investment was made by the promoters in their personal capacity through a closely held family office investment vehicle.…
As Honeywell India celebrates the 25th anniversary of its India Technology Center, the Indian Institute of Technology (IIT), Kharagpur has more reason to cheer with the company hiring 40 interns and 36 employees this year – a campus record! The roles are based both in India and in the company’s facility in Atlanta, US. With…
CredR, Mumbai-based Incredible Technologies Private Limited, has raised $6mn from Omidyar Network India as well as existing investors. The company is India’s largest used motorcycles consumer brand that integrates online and offline user buying experience through a chain of 50+ CredR franchisee showrooms across Pune, Bengaluru, Delhi NCR, Jaipur, Kota, and Hyderabad. The company was…
Zolostays, a Co-Living Spaces, has raised $7 million in funding led by Trifecta Capital, India’s largest venture debt provider. Also, the company is in advanced talks to start a Series C round of funding. The company was founded in 2015 by Nikhil Sikri, Akhil Sikri, and Sneha Choudhary. Earlier, the startup had raised $30 million…
GATI Ltd, India’s leader in Express Distribution and Supply Chain Solutions, has offloaded a significant equity stake to Allcargo Logistics Ltd. India’s largest integrated logistics solutions provider. The company was founded by Mahendra Agarwal in 1989. Agarwal has been scouting for an established strategic partner who could provide management and operational synergies, and launch GATI…
Majesco, a global leader in cloud insurance software solutions for insurance business transformation, has announced that Aite Group named Majesco the top “Best-in-Class” Vendor in the P&C Policy Administration Aite Matrix Report. Using the Aite Matrix, a proprietary Aite Group vendor assessment framework, the Impact Report evaluates the overall competitive position of each solution vendor,…
K.R. Ilanghovan, Founder & Managing Director of Oasys Cybernetics Pvt. Ltd (OASYS), a renowned technology solutions firm has been endowed with the prestigious “CII CONNECT 2019” Award for Entrepreneur of the Year 2019 for his notable contribution to Digital India Mission. The award added another feather in Oasys Cybernetics’s cap. CII CONNECT 2019 was chaired…
Nirlon Ltd., a Commercial/IT/ITES office space developer, has signed a long-term leave and license agreement with J.P. Morgan, the global banking and financial services provider, for premium office space at Nirlon Knowledge Park (NKP) in Mumbai. J.P. Morgan will take up approximately 1.15 million sq. ft. of office space that is expected to be delivered…
Thomas Cook (India) Ltd., India’s leading integrated travel and travel related financial services company, today announced it has signed an agreement with AlixPartners, Thomas Cook UK’s appointed Special Managers, to acquire the rights to the Thomas Cook brand in India, Sri Lanka and Mauritius for a one-time payment of GBP 1.5 Million (approximately Rs. 139…
E-commerce marketplace Flipkart has announced a strategic minority investment in Shadowfax, a full-stack logistics platform founded in 2015. The investment is part of a $ 60 million Series D funding that Shadowfax received from Eight Roads Ventures, NGP Capital, Qualcomm Ventures, Mirae Asset Naver Fund, and World Bank-backed IFC. These funds will enhance the tech…