HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.
Ratan Tata would be investing in Pune-based e-bike startup Tork Motors. Tork Motors is an electric vehicle and charging infrastructure manufacturing venture. The company was founded by Kapil Shelke in 2010. The company is due for the commercial launch of T6X, its flagship offering. With this launch, Tork T6X will be India’s first electric performance…
PEI-Genesis, a global leader in the design and assembly of custom engineered connectors and cable solutions, has continued its global expansion with a new subsidiary in New Delhi, PEI-Genesis Connectivity Solutions India Private Limited. Jane Fischetti, General Manager Account Development & International Sales, PEI-Genesis, said – “India is a growth market for us, and we…
CarDekho.com is India’s leading car search venture. The company is planning to raise a $100 Mn Series D funding round led by Chinese investor Autohome Inc. at a valuation of $700 million. Apart from Autohome, Sequoia Capital will also be an investor in Series D round. Recently, India is experiencing a slowdown in the automobile…
Vahdam Teas, an India-based e-commerce startup that sells fresh tea in international markets, has raised $11 million in its Series C financing round. This funding round is led by consumer fund Sixth Sense Ventures, and has participation from a host of investors. The startup was founded by 28-year-old Bala Sarda, who comes from a family…
Hong-Kong based ad-tech startup OneOneDay, has raised $1.3 Mn in a pre series A funding led by Chinese investors, with participation from Indian angel investor Rohan Malhotra, founding partner at Tiberius Holdings. OneOneDay, was founded by Rick Tsing in year 2017. The company has raised $2.3 Mn till now. The company recently launched its app…
HT Media has appointed Samudra Bhattacharya as the new CEO for it’s print business. He will be responsible for the print business and coordination across all functions in the print business. In this role, Samudra will report to HT Media MD and CEO Praveen Someshwar. An alumnus of Indian Institute of Management, Lucknow, Bhattacharya had…
Nissan Motor Co., Ltd. has appointed current Nissan Senior Vice President and President of Dongfeng Motor Co, Ltd. Makoto Uchida as representative executive officer and chief executive officer of Nissan. In addition, the board appointed current Mitsubishi Motors Corporation Chief Operating Officer Ashwani Gupta as representative executive officer and chief operating officer of Nissan. Nissan…
WeWork India plans to raise $200 million to expand the India business. As of now, WeWork India has 26 operational coworking centres with 46,000 seating capacity. The company is looking at increasing its capacity to one Lakh seats. Bangalore-based Embassy Group holds the franchise rights to WeWork India and holds about 80% stake in the…
Former Indian cricketer Kapil Dev, has launched ‘VAOO’ App, a Mumbai-based cab aggregator that promises to offer free rides to passengers in return for viewing advertisements. The company had received $15 million in funding from investors including Kapil Dev. The startup has already registered 15,000 cabs. Unlike Ola & Uber business module, the VAOO cab…
The two-day Skill India Rozgar Mela concluded on 12th-13th October with close to 7500+ visitors/ job aspirants attended the varied activities at the event. More than 2000 candidates were selected in job roles such as Technician, Electrician, Machine Operator, Fitter, Turner, Sales Executive, Delivery Executive, Business Executive, Relationship Officer and Data Entry Operator. One of…
BASIX Sub-K, the Hyderabad-based startup providing technology enabled transactional platform to unbanked and underserved population, has raised $10.5 Mn from Maj Invest to expand it’s human ATM network in Indian villages. BASIX Sub-K was founded in 2010 with an aim to bridge the digital divide and create a financially-inclusive society. It is understood that the…
India- and US-based firm, Inventus Capital Partners, has announced the final close of its third fund at $51.98 Mn. Inventus Capital raised its first fund of $51 million in 2009 and the second one closed with commitments of $106 million in January 2014, both of which had a focus on US and India. The fund…
Gurugram based online premium and luxury brands startup, Smytten, has raised $1.5 million in new funding round from Roots Venture. With this, the company has raised a total of $ 3 million. This round of funding will help Smytten expand their user base, build on their infrastructure and offline reach. Smytten is not like a…
India, is reaching out to top Czech companies to invest and scale up their investment in India in the engineering and technology sector. This is going to be another big step towards direct and indirect employment generation in the sector, while strengthening the Make in India programme. A high level Government – industry delegation led…
During his recent visit to France for the delivery of the first 36 Rafale combat jets, Defence Minister Rajnath Singh, while addressing the business heads of French defence industries – asked them to establish their production bases in India. He highlighted – low wages and availability of technical manpower – as one of the key…