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Priothera Limited, a clinical stage company developing orally applied sphingosine 1 phosphate (S1P) receptor modulators for haematological malignancies has announced that it has closed a Series A financing round of €30 million led by Fountain Healthcare Partners. Other investors that participated in the funding round include HealthCap, Tekla Capital Management and EarlyBird Venture Capital. Priothera…
The Ford Foundation announced it has doubled its funding support for the U.S.-based racial justice and civil rights groups with at least $180 million in new funding from the proceeds of the unprecedented sale of $1 billion in social bonds. The new funding significantly boosts Ford’s ongoing commitment to advancing racial equity at a critical…
Miko, a Robotics startup founded by IIT Bombay graduates, announced that it has raised Rs 23 crore in pre-series B funding led by Stride Ventures, according to YourStory report. Existing investors YourNest Venture Capital; Chiratae Ventures; Keshav Murugesh, Former Chairman of NASSCOM, and a group of angels participated in the funding round. Founded in 2015…
Philip Morris International has announced the appointment of Jennifer Motles as the new Chief Sustainability Officer, effective November 1, 2020. Motles will succeed current CSO Huub Savelkouls, who will retire after almost three decades of distinguished service. Motles will report to the company’s CFO, Emmanuel Babeau, as it is increasingly recognized—by both companies and investors—that…
Tata Consultancy Services, a global IT services, consulting, and business solutions organization, has been recognized as a Leader in the NelsonHall NEAT for Quality Engineering Services. In an assessment of 16 quality engineering services providers, TCS was placed highly for its ability to deliver immediate benefits and to meet future client requirements. According to the…
The India Network, a platform for people from across the start-up spectrum to connect, collaborate and co-create, announced that it has inked a one-of-a-kind strategic partnership with Bay Street Diary further advancing its strategy to expand and connect with entrepreneurs and mentors across India and Canada. Bay Street Diary has been on the forefront helping…
Razorpay, a Bengaluru-based fintech startup has announced that it has raised $100 million in Series D funding led by GIC, Singapore’s sovereign wealth fund, and Sequoia Capital India. With this funding, the startup entered the unicorn club amidst the coronavirus pandemic. Existing investors Y Combinator, Matrix Partners India, Tiger Global, and Ribbit Capital also participated…
Raymond Limited announced the reinforcement of its management team at Raymond Lifestyle with the appointment of Joe Kuruvilla as the Chief Executive Officer. As part of the management changes, the company’s newly appointed Chief Operating Officer Ganesh Kumar will report to Joe and work with Joe to execute the transformation agenda for the business as…
Ergos Business Solutions, a transformational bank for the farmer which leverages technology to seamlessly provide custodial services (warehousing, loans, & market-linkages) thereby enabling the farmer to convert his produce to a financial asset, has announced that it has raised Rs 38.5 crore in Series A funding. The funding round was led by Chiratae Ventures and…
Unocoin, an Indian bitcoin processor that enables users to buy, sell, store, use, and accept bitcoins has announced that it has raised funding from Draper Associates, along with participation from XBTO Ventures and 2020 Ventures. Founded by Abhinand Kaseti, Harish B V, Sathvik Vishwanath and Sunny Ray, Unocoin’s users can print paper wallets and import…
Locus, a global B2B Software-as-a-Service (SaaS) company that automates human decisions in logistics, announced that it is investing €2 million in Europe for product and business development. The company’s smart logistics solutions will help reduce carbon emissions and increase operational efficiency. Locus uses deep machine learning and proprietary algorithms to offer smart logistics solutions like…
MessageBird, the world’s leading omnichannel cloud communications platform, has announced the closing of a new $200 million Series C round led by Silicon Valley’s Spark Capital at a $3B valuation. Other investors such as Bonnier, Glynn Capital, LGT Lightstone, Longbow, Mousse Partners and New View Capital also participated in the funding round. As part of…
Mindbody, the leading technology platform for the wellness industry, announced that it has appointed Regina Wallace-Jones to Senior Vice President of Insight and Innovation. In the new role, Regina will lead several critical areas that are powering Mindbody’s future growth. “Our product and technology teams are hyper focused on delivering the best value and experience…
Kellton Tech, a global leader in digital transformation and integration, announced that it has been chosen by ZEE5, India’s Entertainment Super-app, to build a next-generation, cloud-native content management system (CMS) that delivers relevant, real-time content experiences across all constituents of business. As a strategic digital partner, Kellton Tech will blend automation with smart cloud capabilities…
Adidas announced it has appointed Amanda Rajkumar as the new Executive Board Member responsible for Global Human Resources, effective from 2021. Amanda joins adidas from BNP Paribas, where over 11 years, she held a number of executive HR leadership positions for different business divisions based out of the UK and the U.S. Most recently she…