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Crocs, a global leader in casual footwear for women, men and children announced that Charisse Ford Hughes has been appointed to its board of directors effective October 1, 2020. Prior to this role, Ford Hughes served as Senior Vice President and Global Chief Marketing Officer of Kellogg Company, where she was responsible for building global…
Greenlight Financial Technology, the Atlanta-based fintech company that helps parents raise financially-smart kids, announced it has raised $215 million in Series C funding. The series was led by Canapi Ventures and TTV Capital with participation from new investors BOND, DST Global, Goodwater Capital and Fin VC along with Greenlight’s first institutional investor Relay Ventures. Since…
GMR Infrastructure Limited announced signing of definitive agreements for the sale of equity owned by its wholly owned subsidiary GMR SEZ and Port Holding Limited (GSPHL) of its entire 51% stake in Kakinada SEZ Limited (KSEZ) to Aurobindo Realty and Infrastructure Private Limited (ARIPL). As part of the proposed transfer of stake of KSEZ, the…
Tata Consultancy Services, a global IT services, consulting, and business solutions organization, and Yale University, jointly announced the launch of a new framework that could help ensure privacy and trust in peer-to-peer digital networks. This would be a critical element in enhancing blockchain solutions for greater adoption by consumers. The online exchange of money and…
Servify, a Mumbai-based startup that provides device management services and warranty solutions for all devices that touch daily lives, announced that it has raised $23 million in Series C funding, led by existing investor Iron Pillar, along with participation from Blume Ventures, Beenext, Tetrao SPF and Trifecta Capital. Other investors that participated in the funding…
Johnson & Johnson announced the launch of its large-scale, pivotal, multi-country Phase 3 trial (ENSEMBLE) for its COVID-19 vaccine candidate, JNJ-78436735, being developed by its Janssen Pharmaceutical Companies. According to the press release, the initiation of the ENSEMBLE trial follows positive interim results from the Company’s Phase 1/2a clinical study, which demonstrated that the safety…
Hopscotch, a fast-fashion kids’ clothing brand, announced it has raised $25 million in funding from EE Capital, an investment arm led by Facebook co-founder Eduardo Saverin, Lionrock Capital, Rise Capital, RPG Ventures and IIFL Seed Ventures Fund. Angel investors including Wei Yan, the cofounder of Diapers.com, and Techpro Ventures, the fund owned by Atul Nishar,…
Tata Elxsi, a global design and technology services company, announced the opening of a Global Engineering Center (GEC) with Schaeffler Technologies AG & Co. KG, a world leader in providing mechatronics solutions for the Transportation industry. Tata Elxsi has been selected as the Global engineering services partner by Schaeffler, and the GEC is part of…
Bharat Petroleum Corporation Limited (BPCL) announced that K. Padmakar, Director (HR) has taken over additional charge as Chairman & Managing Director, effective from 1st September 2020 on the superannuation of D. Rajkumar, at close of work on 31st August 2020. K. Padmakar has over 36 years of experience in BPCL and has worked across the…
Melorra announced that it has raised $12.50 million in funding from Symphony Asia, Lightbox Ventures and Alteria Capital. Existing investors and new family offices of Burman, Jeejeebhoy, others also participated in the funding round. The startup will use the funds for technological innovations, product innovations, and marketing to grow the brand awareness and position Melorra…
Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced that global investment firm KKR will invest ₹ 5,550 crore into RRVL, a subsidiary of Reliance Industries. This investment values Reliance Retail at a pre-money equity value of ₹ 4.21 lakh crore. KKR’s investment will translate into a 1.28% equity stake in RRVL on a…
Onsitego, an after-sales services startup for personal devices, gadgets, small and large home appliances, announced that it has raised $10 million in an extension to its Series B funding round from IFC. Avendus Capital acted as the financial advisor for this transaction. Earlier in February, the startup had raised funds from Zodius, with participation from…
Illumina and GRAIL, a healthcare company whose mission is focused on multi-cancer early detection, announced they have entered into a definitive agreement under which Illumina will acquire GRAIL for cash and stock consideration of $8 billion upon closing of the transaction. In addition, GRAIL stockholders will receive future payments representing a tiered single digit percentage…
AT&T and Microsoft are teaming up to enable enterprises to seamlessly connect machines and equipment to the cloud with highly secure network connectivity across the globe. As part of the effort, AT&T is working with Microsoft to deliver an integrated IoT solution with Azure Sphere. This AT&T powered guardian device with Azure Sphere will help…
BYJU’S, India’s e-learning platform, announced it has raised funding from BlackRock, Sands Capital, and Alkeon Capital. However, the company did not disclose financial details. Existing investors General Atlantic, Owl Ventures, and Tiger Global also participated in the funding round, BYJU’S said in a statement. Earlier this month, BYJU’S had raised funds from Silver Lake along…