HrNxt Newsdesk

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.

Noyo raises $12.5 mn Series A funding from Costanoa Ventures, Spark Capital

Noyo, a San Francisco-based API platform for improving the speed and accuracy of health insurance data exchange, announced that it has closed $12.5 million in Series A funding from Costanoa Ventures and Spark Capital. Other investors such as Homebrew, Fika Ventures, Precursor Ventures, Core Innovation Capital, Garuda Ventures and Webb Investment Network also participated in…

Gurugram-based agritech startup AgroWave raises $500K in funding

AgroWave, a startup that is building farm2business mobility supply chain, announced it has raised close to $500,000 in funding from Sekhar Puli, a US-based investor. Founded in 2017 by IIT Delhi alumni Anu Meena, AgroWave is working to build a sustainable supply chain for fruits and vegetables.  AgroWave’s process consists of establishing technology-driven mobile pickup…

Locus and Vinculum partner to enable omnichannel commerce and supply chain fulfillment for customers

Locus, a global B2B SaaS company that automates human decisions in the supply chain, announced a partnership with Vinculum, a global software SaaS company enabling omnichannel commerce and supply chain fulfillment for brands. Locus and Vinculum will together provide a seamless solution for brands to manage everything E-commerce, right from global marketplace listings, data consistency,…

Acin raises $12 mn Series A funding led by Notion Capital

Acin, the London-based data standards firm that is digitising operational and non-financial risk, announced it has secured $12 million in Series A funding led by Notion Capital, a leading European SaaS investor,  Other investors such as Fitch Ventures, the investment arm of the US-based Fitch Group, a global leader in credit ratings and research, along…

Bengaluru-based Smallcase raises $14 mn in Series B funding round

Smallcase, an investment tech startup, announced it has raised $14 million in its Series B funding round led by DSP Group. Existing investors Sequoia Capital India, Blume Ventures, Beenext & WEH Ventures also participated in the funding round. Other investors such as Arkam Ventures along with angel investors Utpal Sheth (CEO at Rare Enterprises, owned…

TCS iON opens its National Qualifier Test to all Corporates

TCS iON, a strategic unit of Tata Consultancy Services, a leading global IT services, consulting and business solutions organization, announced that its National Qualifier Test (NQT) will now be a common gateway test for several participating corporates for their fresher recruitment programs.  This standardized test will provide candidates with access to open positions at multiple…

Vakrangee gets RBI nod to establish and operate the Bharat Bill Payment operating unit

Vakrangee, a company focused on building the largest network of retail direct service stores in India, announced it has received authorization in principle to establish and operate the Bharat Bill Payment operating unit (BBPOU), in compliance with the Payment and Settlement Systems Act 2007 of the Reserve Bank of India (RBI).  Vakrangee can now manage…

upGrad appoints Saranjit Sangar as CEO of its UK, Europe, and Middle East business

upGrad, India’s largest online higher education company, in a move to strengthen its penetration into the international markets, announced the appointment of Saranjit Sangar as the CEO – UK, Europe, and Middle East, effective 1st October 2020. Saranjit will be based out of London UK. Saranjit is an experienced leader with a diverse international career…

Gulf Oil Lubricants India enters strategic partnership with South Korea’s S-Oil Corporation

Gulf Oil Lubricants India Ltd has announced a long term strategic partnership with S-Oil Corporation, South Korea – one of the leading oil refining and lubricant manufacturing companies in Asia, to exclusively manufacture and market their entire range of lubricants under the brand – ‘S-Oil Seven’ for the Indian market. The relationship which in the…

UneeQ join hands with IBM, Deloitte and DXC to drive the future of Conversational AI adoption

IBM, Deloitte, and DXC are partnering with UneeQ to help customers along their AI journeys. The move will help customers create digital human experiences.  They are the first of many to join UneeQ’s Partner Program, which is a community of technologists, creative minds, and business professionals who are devoted to building great customer experiences, VNM…

US retail giant Walmart to invest $560 mn in Flipkart

Walmart, a multinational retail corporation, announced it has invested $560 million in Flipkart as part of its $1.2 billion round announced in July, according to the regulatory filings made in Singapore show. The news was first reported by Entrackr. According to the filings, Walmart had been allotted 39,57,960 equity shares in Flipkart’s Singapore unit at…

L&T Technology to provide engineering services to Tenneco’s DRiV Ride performance division

L&T Technology Services Limited, a global leading pure-play engineering services company, announced that it has been selected to provide engineering services for Tenneco’s DRiV original equipment (OE) Ride Control business group. LTTS will set-up a HUB Development Center to provide DRiV with additional engineering capacity in conventional damper and component development. The HUB Development Center…

Edtech giant 2U promotes Margaret Ruvoldt to Chief People Officer, appoints Millette Granville as VP of Diversity, Equity, and Inclusion

2U, a global leader in education technology, announced the promotion of Margaret Ruvoldt to Chief People Officer and the appointment of Millette Granville as its first Vice President of Diversity, Equity, and Inclusion.  The announcement underscores 2U’s commitment to deeply align its people strategy with business goals and attract, develop, and engage the brightest, most…

MonotaRO invests $15 mn in joint venture with Delhi-based Industrybuying.com

MonotaRO Co Ltd, Japan’s largest MRO B2B ecommerce company, announced it has invested $15 million in a joint venture with Emtex Engineering to grow the latter’s SME ecommerce business in India. Emtex Engineering operates Industrybuying.com. Industrybuying.com, a leading Business e-commerce platform, sells a wide range of business and industrial products to SMEs as well as…

Camera IQ raises an additional $5 mn in Series A funding led by Shasta Ventures

Camera IQ, the LA-based startup that provides augmented reality platform for camera marketing, announced an additional $5 million in Series A funding led by Shasta Ventures. The round also includes participation from existing investors Waverly Capital, Betaworks Ventures, Sway Ventures, as well as new investors Grand Ventures, Space Capital, and Gingerbread Capital.  Till now, the…