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Policybazaar, India’s prominent online life insurance and general insurance aggregator, has raised raised close to $150 million in funding from Chinese technology conglomerate Tencent Holdings Pvt. Ltd. The startup was founded by Yashish Dahiya, Alok Bansal and Avaneesh Nirjar in 2008. With this round, Policybazaar has been valued at a little more than $1.5 billion.…
Google has appointed Sanjay Gupta as Country Manager & VP of Sales & Operations, for India region. Mr Gupta takes over from Rajan Anandan, who left Google in April. Mr Gupta was former managing director of Star and Disney India before being appointed as Country Manager. His role will be contributing to Google’s efforts to…
Mrs. Darshana Pandya has been appointed as Chief Executive Officer (CEO) and member of the board for MAS Financial. Mrs. Pandya has been with MAS Financial for the past 23 years. The Board of Directors at its meeting held on 6th November, 2019, appointed and promoted Mrs. Darshana Pandya as Chief Executive Officer of the…
FSS, a Payments and Fintech leader, has announced that they won the prestigious 2019 Frost & Sullivan, India Best Practices Award for Leadership in Payments. FSS has been conferred the 2019 India Payments Technology — Transaction Processing Services and Product Line — Strategy Leadership Award for a proven track record for technology services and commercial…
Mumbai-based startup Amica Financial Technologies, an upcoming digital retail bank, has received $24 million in its maiden funding round. The funding is backed by a long list of institutional investors including Greyhound Capital, 3One4 Capital, Germany’s Rocket Internet, venture capital funds Matrix Partners and Sequoia Capital. The company was founded by Citrus Pay cofounder Jitendra…
Namrata Ashok Chotrani, former Director of Fairwinds Private Equity, has been appointed as CEO of Khadim India Ltd. Khadim’s was established in December 3, 1981 as S.N. Footwear Industries Private Limited. Ms. Namrata Ashok Chotrani holds a bachelor’s degree in Commerce from the H. R. College of Commerce & Economics, Mumbai University, and a master’s…
Teradata, the cloud-based data analytics company delivering Pervasive Data Intelligence, announced that Victor Lund, the Executive Chairman of the Teradata Board of Directors, has been appointed Interim President and Chief Executive Officer, effective immediately. Upon mutual agreement between the Teradata board and Oliver Ratzesberger, as of November 5, 2019, Mr. Ratzesberger is no longer serving…
goStops, a premium chain of youth traveller hostels, has raised an undisclosed amount in its initial funding round from angel investors. It was founded by Pallavi Agarwal in 2014. goStops will utilise the funds for expanding their presence across the country by doubling its bed capacity in the next one year. The startup will also…
Info Edge (India) Ltd, has invested about Rs. 5 Cr in Terralytics Analysis Pvt. Ltd. Terralytics is engaged in the business of developing real estate intelligence and analytics platform for sale to banks, developers, consulting firms, etc. for diligence, information and other purposes. The aggregate shareholding of Info Edge, post this investment, in Terralytics would…
Adda247, an online learning platform, has raised Series B funding of $6 million led by Infoedge (India) Ltd and Asha Impact. STL, a current investor of Adda247, also participated in the latest round. The startup was founded by Anil Nagar in 2012. With this round, Adda247 has raised a total of $10 million of funds…
Pradip Kumar Menon has tendered his resignation as the Chief Financial Officer of Mindtree. He was Sr. VP & CFO at Mindtree since October 2018. He was appointed at Mindtree in September 2018, after the post had been left vacant post the exit of the earlier CFO, Jagannathan Chakravarthi in July 2018. Pradip is a…
Urban Ladder, an omnichannel furniture and decor retailer, has raised about INR 15 Cr. in funding led by existing investors SAIF Partners, Sequoia Capital and Steadview Capital. Some of the existing investors such as Kalaari Capital and ABG Capital, did not participate in the current round. The company has been struggling to turn profitable, and…
YourOwnROOM, a residential proptech rental and property management business, has raised $1.3 million in seed funding from a group of investors – US-based investment firm Lotus Capital; Ravi Chaturvedi, former President of P&G; Narasimha Murthy, Co-founder of a US-based healthtech company; and a group of angel Investors based out of the US and Bengaluru. It…
Sonata Software has announced the appointment of Jagannathan Chakravarthi as Chief Financial Officer of the Company w.e.f. 30th October, 2019. The CFO position at Sonata, was left vacant after the exit of Prasanna Oke, who had separated from the company in June 2019, to join a technology Fund, Basil Technology Partners. Jagannathan is a graduate…
Tech Mahindra has acquired Born Group, a global digital & content production agency, owned by PE firms True North Capital and Zodius Capital. The deal is valued at $95 million, and is an all-cash deal. As per the deal terms – Tech Mahindra Limited will acquire the Indian subsidiary of Born Group, Born Commerce Private…