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Exprs, a Hyderabad-based last-mile logistics firm, announced that it has raised Rs 4.5 crore in seed funding, led by angel investors Sweta Rau and Sandeep Kapoor. LetsVenture, AngelList and DCF Advisory also participated in the current funding round, as per ETtech report. The Hyderabad-based firm is looking to set up over 500 nano distribution hubs…
Uber, the global ride hailing services provider that develops applications for road transportation, navigation, ride sharing, and payment processing solutions, announced that it has introduced Auto Rentals services in India. “The new Uber Auto Rentals service understands your needs and priorities: one of which is to book a ride by the hour to help get…
PatientPop, the US-based market leader in practice growth technology, announced it has secured a Series C capital round of $50 million, led by HLM Venture Partners, one of the top healthcare venture firms in the country. New investors Commonfund and Vivo Capital, and existing investors Toba Capital, Transformation Capital, and Silicon Valley Bank also participated…
Axalta Coating Systems, a global supplier of liquid and powder coatings, announced that Rakesh Sachdev has been appointed to its Board of Directors, effective August 24, 2020. Sachdev will serve on the Company’s Nominating and Corporate Governance Committee and Compensation Committee. “The Axalta Board of Directors always seeks to optimize the balance of expertise, experience…
Tata Consultancy Services, a global IT services, consulting and business solutions organization, announced that it won 18 Stevies at the 2020 Great Employers Awards. TCS was recognized with six Gold Stevies, eight Silver Stevies and four Bronze Stevies for achievements in the United States, Canada, and India. The Stevie awards recognize TCS’ human resources, talent…
Redis Labs, the company behind Redis, the most popular open source database and the provider of Redis Enterprise, announced it has closed $100 million in Series F financing at a company valuation of more than $1 billion. The Series F funding was co-led by Bain Capital Ventures and TCV, with participation by the company’s existing…
WorldRemit, the global cross-border payments company, announced it has agreed to acquire Sendwave, a rapidly growing app-based remittance company in a cash and stock transaction that is expected to close, subject to licensing and regulatory approvals, in Q4 2020. Founded in 2014, Sendwave has built a leading and rapidly growing digital remittance service to East…
Higg Co, the technology company behind the Higg Index platform, widely regarded as the leading sustainability measurement framework for the footwear, apparel and textile industries, announced that it has appointed ex-Microsoft executive, Josh Henretig, as the company’s new Vice President of Global Partnerships. Henretig joins the Higg Co executive team and will lead the year-old…
Weee!, the largest and fastest growing Asian e-grocer in the United States, announced $35 million in Series C financing led by DST Global; bringing the total capital raised to over $100 million. The new capital will be used to further accelerate the company’s nationwide expansion and recruitment efforts. Earlier this year, former Chief Operations Officer…
TCS iON, a strategic unit of Tata Consultancy Services, a global IT services, consulting and business solutions organization, announced that it is now accepting registrations for the third edition of TCS iON IntelliGem, a national-level contest for students of grades 5 to 9. IntelliGem is a unique behaviour and talent development contest that helps young…
Infosys, a global leader in next-generation digital services and consulting, announced the launch of AI-driven ‘Cognitive Email Workbench’ solution that gives enterprises the ability to augment query management and scale their helpdesk operations, significantly enhancing productivity and customer satisfaction. To develop this solution, Infosys leveraged its partnership with Blue Prism, a leading Robotic Process Automation…
Cisco announced its intent to acquire privately held BabbleLabs to help users control unwanted noise in meetings. BabbleLabs uses advanced AI (Artificial Intelligence) techniques to distinguish human speech from unwanted noise, enhancing the quality of communications and conferencing applications. According to a Cisco global survey focused on the future of work, 98 percent of workers…
GeistM, the US-based fastest growing MarTech Platform, announced two key leadership moves. Sameet Durg, co-founder and formerly COO, has been promoted to President of the company, overseeing all daily operations. Technology and media industry veteran Andrew G. Smith has joined as SVP of Strategic Partnerships. GeistM CEO and founder Kevin Fortuna says that the company…
Virohan, a healthcare vocational institute that provides progressive livelihoods to youth from low-income backgrounds, announced that it has raised $2.8 million across its seed and series A funding rounds. The seed funding round was led by Keiretsu Forum and Series A round was led by the elea Foundation for Ethics in Globalization and by the…
Algeco Group, Europe and Asia Pacific’s leading business services company specialising in modular space, announced the appointment of Simon Gordon as Group Chief Financial Officer, effective 1st September 2020. Simon replaces Sunny Thakrar who will remain with the Group having been promoted to Deputy CEO and Chief Operating Officer. Sunny will support Simon to ensure…