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Surfing Federation of India, the recognized National Governing Body for surfing in India, has announced the new governing council headed by the new President Arun Vasu from Surf Turf, Covelong Point. “The main focus of the new council is to continue the good work done by the previous office by “building a healthy surfing community”…
Automaker Volkswagen India said it has appointed Priyesh Kumar as the new head of sales vertical, effective from December 1, according to PTI report. Currently, Kumar heads dealer development function in the company. The company has also appointed P Ravichandran, currently head of after sales, as the head of dealer development, effective from December 1.…
M V Iyer has assumed charge as Director (business development) of India’s largest natural gas company, GAIL (India) Limited, as per the PTI report. Prior to this role, Iyer was working as executive director (projects) with the company, GAIL said in a statement. “He has been part of the core team of GAIL for implementation…
Unacademy, India’s leading learning platform, announced it has raised a fresh investment round from Tiger Global Management and Dragoneer Investment Group. The funding round values Unacademy Group at $2 billion. The latest fund raise follows a round in Sept. 2020 when the company raised an investment of $150 Million in a round led by SoftBank…
AXA XL Insurance announced that Nicola Harris has been promoted to Head of Energy, UK & Lloyd’s market. Harris succeeds Peter Welton, who was promoted to Chief Underwriting Officer for Marine, Energy & Aerospace, UK & Lloyd’s market earlier this year. In her new role, Harris is responsible for developing the UK energy book, executing…
Laurus Labs announced it has signed a definitive agreement to acquire 72.55% of Richcore’s shares from Eight Roads Ventures and VenturEast for a value of Rs. 246.7 crores. Richcore, a fast-growing biotech company based in Bengaluru with its advanced R&D and manufacturing facilities, develops and manufactures biotech products critical for manufacturing biological drugs. Richcore also…
Grip Invest, an investment platform that allows retail investors to make small ticket investments in physical assets that earn lease income, has raised an undisclosed round of equity funding led by Anicut Angel Fund and Gemba Capital. Angel investors Anupam Mittal, Sunjay Kapur and Maninder Gulati also participated in the funding round. Founded in 2020 by…
HDFC Ltd has said it will acquire 19.9 per cent stake in Renaissance Investment Solutions ARC (asset reconstruction company) Private Ltd for Rs 49.8 lakh, according to PTI report. According to regulatory filing, HDFC Ltd entered into agreements for investment in Renaissance Investment Solutions ARC Private Limited. “The investment would result in holding of 4,98,750…
AlgoBulls Technologies Pvt Ltd, an algorithmic trading platform focussed on stock markets, has raised funds from startup incubator and accelerator Venture Catalysts. Financial details of the funding remain undisclosed. Founded in 2019 by Suraj Bathija, Jimmit Patel and Pushpak Dagade, AlgoBulls provides its customers with Fully Automated Algorithmic Trading & ready-to-use stock market knowledge. “The…
Clariant, a sustainable and innovative specialty chemical company, has announced its plans to cut 1,000 positions in service and regional structures as part of its rightsizing program. “The Group plans to rightsize regional organizations and service units in order to avoid remnant cost, thereby reducing complexity and increasing agility post the expiration of transitory service…
Shipsy, a software-as-a-service logistics platform that enables data driven decision making enhancing visibility and operational efficiency for Supply Chain industry, has raised $6 million in a Series A funding round. The funding round was led by Surge, the accelerator programme of Sequoia Capital India, and existing investor Info Edge (India) Ltd. The startup will utilise…
Power Gummies, a Delhi-based nutritional supplement brand, has raised a bridge round of financing from Agility Venture Partners and existing investor DSG Consumer Partners. Till now, the startup raised $1 million in funding. Launched in 2018 by Divij Bajaj, Power Gummies claims that it has sold 8 lac gummies in the first year of its…
Aakash Educational Services Limited (AESL), a conglomerate of Aakash Institute, Aakash IIT-JEE and Aakash Foundations, has announced the appointment of Abhishek Maheshwari as its Chief Executive Officer (CEO). In his new role, Abhishek Maheshwari will be responsible for strategy formulation and management of core offerings of AESL, which include digital along with classroom, hybrid, and…
Lightspeed, a global commerce leader, has announced the appointment of Manon Brouillette to its board of directors. Brouillette brings valuable insights and a fresh perspective as Lightspeed actively rolls out new innovations in cloud-based technology for SMBs in the retail, hospitality, and golf industries. In her new role, Brouillette will provide superior expertise as a…
Cars24, an online platform for selling pre-owned vehicles, has raised $200 million in a Series-E funding round led by DST Global at a post-money valuation of over $1 billion. Existing investors Exor Seeds, Moore Strategic Ventures and Unbound also participated in the funding round. The company will use the current funding to invest aggressively in…