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Klassroom, the Paris-based company that reinvents parent-teacher communication in pre-kindergarten and all elementary school grades, announced that it has just raised a $3 million seed round led by Bpifrance and several angel investors including Jerome Lecat, CEO at Scality, and Andy Myers, President at Waterford.org and former executive at Renaissance Learning. This funding will enable…
British Columbia Investment Management Corporation, alongside Brookfield Infrastructure Partners L.P. and its institutional partners, announced that they have acquired a 100 per cent stake in a telecom tower company in India from Reliance Industrial Investments and Holdings Limited, a wholly-owned subsidiary of Reliance Industries Limited. The total equity commitment for the transaction is approximately $3.4…
Mindtree, a digital transformation and technology services company, today announced that it has partnered with Mölnlycke to provide SAP application development and maintenance along with cloud operations. Mindtree will help migrate Mölnlycke’s on-premise SAP to Microsoft Azure and accelerate towards a platform bed DevSecOps operating model ensuring faster response to business changes and reliable IT…
Eruditus, an edtech startup that partners with top-tier universities across the United States, Europe, Latin America, India, and China to bring professional education to a global audience at an affordable price, announced that it has raised $113 million in funding led by Leeds Illuminate and South African internet giant Prosus Ventures (Formerly Naspers Ventures). Other…
HomeLane, operated by Homevista Decor and Furnishings Pvt Ltd, announced that the platform has raised Rs 60 crore in a bridge funding round led by Stride Ventures. Stride Ventures has led the round with a Rs 20 crore debt commitment, HomeLane said in a statement. The remaining Rs 40 crore has come via equity funding…
IBM, the digital partner of the United States Tennis Association (USTA) for 29 years, announced the innovative new fan experiences leveraging artificial intelligence (AI) underpinned by hybrid cloud technologies that will enable millions of fans around the world to experience the excitement and vibrant debate surrounding the iconic tennis Grand Slam, the first ever without…
Bikayi, a Y Combinator-backed B2B startup which provides free WhatsApp-integrated ecommerce store setup with payment gateways and order tracking, announced it has raised a seed round of $2 million from a clutch of international investors, including Mantis ventures, a VC fund promoted by the popular band Chainsmokers. Other investors that participated in the funding round…
Techwave Consulting, a global IT services and solutions company revolutionizing digital transformations, announced the launching of “TAX-IN Solution” as an extension of its SAP Solutions and Services for the Indian market. Starting October 01, 2020, electronic invoicing will be mandatory for B2B taxpayers with a turnover of over 500 crores, the Company said in its…
Huami Corp announced the appointment of Leon Cheng Deng as the new Chief Financial Officer, effective October 1, 2020. Leon Cheng Dengreplaces David Cui, who has tendered his resignation as Chief Financial Officer citing personal reasons. Cui will become a consultant to the company for a transitional period of time after his resignation as the…
Infosys Finacle, part of EdgeVerve Systems, a fully owned subsidiary of Infosys, announced that EdgeVerve Systems has been positioned as a Leader in Gartner’s Magic Quadrant for Global Retail Core Banking for the 13th consecutive year, following the evaluation of its Finacle Core Banking solution. Gartner evaluated 6 Core Banking solution (CBS) vendors on criteria…
Adobe India and Nasscom FutureSkills launched the UX (user experience) foundation programme to help students and professionals develop skills in order to meet the industry demand for one of the fastest-growing creative disciplines – User Experience Design. The programme is available on Nasscom’s FutureSkills platform for free to all its three lakh subscribers and aims…
Univ.AI, the Bengaluru-based institution that offers state-of-the-art Data Science and AI education with a focus on teaching artificial intelligence and data science online, announced that it has raised funding from Biocon Executive Chairperson and Founder Kiran Mazumdar-Shaw. Financial details of the funding remain undisclosed. The startup will use the funding to expand the scope of…
Prosus, the global consumer internet group of Naspers, announced the launch of the Prosus Social Impact Challenge for Accessibility (Prosus SICA). Prosus SICA is a social impact investing challenge where startups with the most innovative solutions in the assistive technology space will compete for an annual grant. Prosus is committing Rs 16,500,000 over three years…
Bambuser and Relatable announced the launch of an exciting new partnership that sees Bambuser’s industry-leading Live Video Shopping technology integrated with Relatable’s capabilities to deliver new levels of data-driven influencer marketing and creative content creation at scale to Direct-to-Consumer brands globally. Together the businesses provide a broader, more competitive and comprehensive offering, Bambuser said in…
Cyient, a global engineering and digital technology solutions company, announced that it has agreed to acquire specialist Australian consulting firm, IG Partners, to expand its end-to-end offerings for the local and regional resources sector. The acquisition will enable customers to take advantage of the growing convergence of operational and information technologies by leveraging the synergies…