Holisol Logistics, a leading supply chain and logistics enterprise, has raised Rs 20 crore in asset finance from Mumbai-based NBFC BlackSoil Capital. The company was founded by Manish Ahuja, Naveen Rawat and Rahul S Dogar in 2009. Earlier, the company had raised equity capital from CLSA and Datavision. It is understood that the funds will…
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Ess Kay Fincorp raises $33mn from TPG and others
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Ess Kay Fincorp, a Non-Banking Finance Company (NBFC), has raised $33 million in a round led by private equity fund TPG, Norwest Venture Partners, a multi-stage growth investment fund and Evolvence India, a leading India focused Private Equity platform. The company was founded by Rajendra Setia in 1992. The company plans to utilise the funds in…
CreditAccess Grameen to acquire Madura Micro Finance
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CreditAccess Grameen Limited (“CAGL”), India’s leading microfinance institution, has announced the signing of definitive agreements for acquisition of a controlling majority in Madura Micro Finance Limited (“MMFL”) and subsequently, a merger of MMFL into CAGL (“Transaction”). The Board of Directors of CAGL and the Board of Directors of MMFL at their respective meetings held today…
Just Herbs raises $1.5 mn in pre-series A round, led by Roots Ventures
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Just Herbs, a luxury ayurvedic beauty brand, has raised $1.5 million in pre-series-A funding led by Roots Ventures. Other investors are high net-worth individuals (HNIs), and corporate executives. The company was founded by Arush Chopra in 2013. The company will use the funds to expand their product range, boosting distribution, and for new customer acquisition. …
Mosaic Wellness raises $10 mn funding led by SAIF, Sequoia, Matrix Partners
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Mosaic Wellness is a consumer brand that has raised $10 million as part of its maiden round of funding led by SAIF Partners, Sequoia Capital, as well as Matrix Partners India. Other investors include a host of angels, including Kunal Shah (Founder of Cred), Jitendra Gupta (Co-founder of CitrusPay), Jaydeep Barman (Co-founder of Rebel Foods),…
Mindtree recognized by ISG for Managed Public Cloud Services
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Mindtree, a global technology services and digital transformation company, has been positioned as a Rising Star in three categories as part of the ISG Provider Lens™ Quadrant report on “Public Cloud – Solutions & Service Partners 2019.” The company also got recognized for strong hyperscale partnerships and automation tools. Mindtree was recognized as a Rising…
CRISIL gives ‘CCR AA-’ rating to Thomas Cook India
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The CRISIL Credit Ratings has communicated to Thomas Cook (India) Ltd., and uploaded on its portal, reaffirming its corporate credit rating of ‘CCR AA-/ stable’ to Thomas Cook (India) Ltd. (TCIL). Additionally, CRISIL has reaffirmed its rating on the debt programmes and bank facilities of Thomas Cook (India) Limited at ‘CRISIL AA-/Stable/CRISIL A1+’. In its…
Ripple makes investment in MoneyGram equity
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MoneyGram, a global provider of innovative money transfer services, has announced that Ripple, a provider of leading enterprise blockchain solutions for global payments, has made the final $20 million investment in MoneyGram equity pursuant to Ripple’s original $50 million equity investment commitment made earlier this year. This funding will support MoneyGram’s operations as the company…
L&T Tech Services recognized as a ‘Leader’ in Zinnov Zones IoT Services Rating for 2019
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L&T Technology Services(LTTS), a leading global pure play engineering services company, has now been recognized among the top service providers in innovation and capability for Internet of Things (IoT) Technology and Services in the Zinnov Zones IoT Services Rating for 2019. Zinnov has also positioned LTTS as ‘Leader’ across 7 other unique expertise areas. The…
Fortis Healthcare appoints Sim Heng Joo Joe as Additional Director
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Fortis Healthcare Limited has appointed Sim Heng Joo Joe (Joe) as an additional director (Non-Executive and Non-Independent) of the Company. He will hold the office up to the next Annual General Meeting and will be regularized subject to the approval of the shareholders. Joe is presently the Chief Executive Officer (CEO of Malaysia Operations Division,…
Tata Communications appoints Amur S Lakshminarayanan as MD and CEO
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Tata Communications Ltd has appointed Amur Swaminathan Lakshminarayanan as the Managing Director (MD) and Chief Executive Officer (CEO) of the company. His appointment is effective 26th November 2019, and is for a term of five years. His appointment as MD & CEO shall be subject to necessary approvals of the shareholders of the Company. The…
Carolina Dybeck Happe named as GE’s Chief Financial Officer
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Carolina Dybeck Happe has been named as Senior Vice President and Chief Financial Officer of GE. Her appointment would be effective early 2020. She is a considered as a top-ranked CFO, and has been recognized by numerous leading publications and associations over the years.
Affle Ltd recognized as a “Great Place to Work” in the mid-size category
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Affle (India) Limited, the leading consumer intelligence platform company, has announced that it has been awarded the Great Place to Work recognition in the mid-size company category by the Great Place to Work Institute, a well-established global authority on identifying and authenticating workplace culture and practices. This recognition is a result of an extensive evaluation…
Bajaj Auto invests $8 mn in Yulu to bring micro-mobility revolution in India
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Bajaj Auto Limited (BAL), the leading automaker of India, has joined hands with Yulu, the largest shared e-mobility service provider, to transform urban commute in India. Bajaj Auto Ltd is investing $8mn in YULU, to compliment this strategic relationship. Yulu will source from Bajaj electric two-wheelers which have been co-designed and manufactured exclusively for shared…
NIIT’s ‘FutureFest’ to empower college students for Jobs of the Future
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NIIT limited, a global leader in Skills and Talent Development, announced ‘FutureFest’, an initiative to encourage college students to enhance their knowledge on new-age skills through future ready programs, together with their regular studies and academic curriculum. NIIT will organize career fests nationally across 50 colleges in India, wherein experts will reach out to 25,000…