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TaskRabbit, the leading online and mobile service that connects consumers with “Taskers” to handle everyday home improvement tasks and errands, announced that it has appointed Ania Smith, former Airbnb and UberEats leader, as the company’s chief executive officer. Smith is replacing Stacy Brown-Philpot, who joined TaskRabbit in 2013 and was named CEO in 2016. She…
General Motors announced John Stapleton, GM North America Chief Financial Officer, has been named acting Global Chief Financial Officer, effective Aug 15. The appointment follows the resignation of Dhivya Suryadevara, executive vice president and CFO, who will leave the company for an external opportunity outside the automotive industry. GM will conduct an internal and external…
Birlasoft Ltd, part of the $2.4 billion diversified, The CK Birla Group, announced it has been named a Top 15 Sourcing Standout by Information Services Group (ISG), a leading global technology research and advisory firm. Birlasoft was among the leading providers in the Booming 15 category globally, as well as for Americas region based on…
Torre, a new professional network for remote job seekers and recruiters, announced that it has oversubscribed its $5 million seed funding investment round. With more than 7,000 openings per month, Torre has positioned itself as the largest platform that compiles remote full-time jobs and gained substantial momentum since its 2018 inception. The round’s investment stack…
Noosh, a global leader in marketing execution software solutions, announced the appointment of Mark Tiedens as Chief Executive Officer. “Marketers are increasingly held responsible for revenue and the ROI of their efforts. Yet, despite the plethora of marketing and procurement applications available, marketers are challenged to efficiently capture the data required to accurately and holistically…
CityCash, a Mumbai-based fintech startup bringing state-of-the-art technologies and disruptive business models in the digital payments space, announced that it has raised $1 million seed funding from Orios Venture Partners, an early-stage venture capital fund. CityCash will use the current financing for expanding market access, merchant ecosystem, and to develop technology to deploy Open Loop…
Terra.do, an online climate school, announced that it has closed a $1.4 million seed round led by Stanford Angels and Entrepreneurs (India), Beenext Emerging Asia, Zerodha-backed Rainmatter Capital, and prominent angels from the Indian and US ecosystem, according to YourStory report. The startup runs online learning programmes and has a community that helps individuals across…
BigHaat, a Bengaluru-based agritech startup, announced that it has raised over $2 million in pre-Series A funding round, according to YourStory report. Investors that participated in the funding include Rockstud Capital, BigHaat’s existing investor Ankur Capital, and angel investors. The startup will use the capital to scale its data and technology. The company is going…
Hexaware Technologies Limited, a leading global IT consulting & digital solutions provider, and Freshworks Inc., a customer engagement software company, have announced a global strategic partnership where Hexaware will make use of Freshworks’ customer and employee engagement software to build digital solutions for its customers. According to the Company’s press statement, Hexaware has been on…
Equinix, the global interconnection and data center company, announced its expansion into India through the acquisition of the India operations of GPX Global Systems. The all-cash transaction value of $161 million represents a multiple of approximately 15x the projected EBITDA at full utilization. The acquisition will extend Platform Equinix to India with the addition of…
eyewa, a UAE-based eyewear e-commerce player, announced that it has raised a pre-series B bridge round of $2.5 million from Wamda Capital, EQ2 Ventures and Nuwa Capital. This is eyewa’s third funding round, it comes hard-on-the-heels of a mid-2019 Series A round of US$7.5million and US$1.1 million in seed round in 2018. This bridge brings…
Endiya Partners, an early-stage venture capital fund that invests in IP led Indian product startups, announced that it has received a commitment of Rs 75 crore (about $10 mn) from the International Finance Corporation (IFC), a member of the World Bank Group. IFC has also committed an additional $10 million for direct co-investments alongside Endiya…
Perpetuuiti Technosoft, the market leader in Intelligent Enterprise Automation and Organizational Resiliency Management, announced it has secured follow on funding from existing lead investor, Intel Capital. The Company will utilise the funding to expand Perpetuuiti’s efforts to accelerate product development of its Autonomous RPA, which will help reduce the Implementation timeframes from Months and weeks…
Altis Biosystems announced completion of a seed series investment from VentureSouth. Local investors including RTP Capital and Hatteras Ventures, and other syndicate partners across the US including Atlanta Technology Angels and Central Texas Angel Network also participated in the funding round. Altis was formed as a spin-out of the UNC-Chapel Hill Biomedical Engineering Department and…
Incomlend, a global online invoice trading platform that aims to democratize access to trade finance, announced that it has raised a $20 million Series A round led by Sequoia India. The CMA CGM Group, a world leader in shipping and logistics, has strengthened the existing partnership with Incomlend by also participating in the round, to…