Delightree, a San Francisco and Delhi-based workflow automation app for businesses, announced that it has raised $3 million in seed funding round from Accel Partners, Emergent Ventures, Brainstorm Ventures, Axilor Ventures, and Alchemist Accelerator, according to the YourStory report. The company will utilise the current financing to win new clients. Founded in 2019 by Madhulika…
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ICRA appoints N Sivaraman as MD and Group CEO
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•ICRA, a full-service Credit Rating Agency by leading Indian financial/investment institutions, announced that the ICRA Board has appointed N Sivaraman as its Managing Director and Group Chief Executive Officer. Sivaraman will join ICRA on August 10, 2020. In his new role, Sivaraman will drive ICRA Group’s business strategy and innovation, build organizational capabilities, nurture ICRA’s…
IIFL invests Rs50 cr in male grooming startup Ustraa
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•IIFL, India’s leading integrated financial services group, announced that IIFL Seed Ventures Fund II has invested Rs 50 crore in men’s grooming startup Happily Unmarried Marketing, which sells products online under the brand name of Ustraa. Post this funding, Happily Unmarried Marketing is valued at around Rs 220 crore. IIFL Seed Ventures Fund II, which…
ABB India opens a new robotics facility in Bengaluru
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•ABB, one the leading suppliers of robot, robot systems and machine & factory automation solutions, announced that it has opened a new facility in Bengaluru. Spread over 3,600 sq.m at the ABB Nelamangala factory premises in Bengaluru, the new facility will enable ABB India to deliver robotic applications and digital solutions for a variety of…
3Cloud acquires Applied Cloud Systems
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•3Cloud, a Microsoft Azure services firm, announced that it has acquired Applied Cloud Systems, an award-winning Microsoft consultancy that helps customers adopt and leverage Microsoft cloud technologies. “3Cloud was founded with the mission to deliver the ultimate Azure experience for our clients and the vision to be the leading Microsoft Azure partner. Our acquisition of…
IntelliMedia Networks announces acquisition of GlobalMLX
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•IntelliMedia Networks, a provider of streaming media distribution and immersive training technology, announced that it has acquired GlobalMLX, a Canadian supply-chain security training and certification consulting firm for an undisclosed amount. GlobalMLX is a US Homeland Security recognized consultant providing industry-leading anti-terrorism supply-chain training and certification for cargo transport to the United States. “This acquisition…
Former PayPal executive Reid Bork appointed VP of Enterprise Sales at Sezzle
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•Sezzle, an installment-based payments platform, announced the appointment of Reid Bork to its leadership team. Bork, a former PayPal Executive, was named Vice President of Enterprise Sales at Sezzle, a newly created role in which he will be responsible for leading the company’s large-scale retail acquisition efforts. Prior to this role, Bork served as Senior…
Reliance Power, JERA sign loan agreement for the new power project in Bangladesh
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•Reliance Power Limited and JERA Co., through their project company, announced that they are developing a new gas-fired power generation project in Bangladesh. The project company has now signed a loan agreement for full financing totaling 642 million USD with a group of banks that includes the Japan Bank for International Cooperation. This Project is…
TCS Bursary to help UK students pursue technology careers
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•Tata Consultancy Services, a global IT services, consulting and business solutions organisation, announced that it is partnering with Queen Mary University of London to offer a bursary for students looking to study computer science. The TCS Digital Explorers Bursary will provide financial assistance to up to 20 undergraduate students from low income families. At least…
Crypto.com appoints Wendy Montgomery as Chief People Officer
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•Crypto.com announced it has named Wendy Montgomery its first-ever Chief People Officer. Montgomery, who brings more than two decades of experience to her role, is skilled in strategic and operational human resources, and has in-depth experience in high-growth technology and ecommerce environments. Montgomery started her career in the British Army. Following her work in the…
Domino’s names Art D’Elia as EVP and Chief Marketing Officer
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•Domino’s Pizza, the largest pizza company in the world based on global retail sales, announced the promotion of Art D’Elia to Executive Vice President, Chief Marketing Officer. In this expanded role, D’Elia will run all global marketing initiatives for the brand, leading all US marketing and advertising, and working with the brand’s master franchise companies…
Cadence appoints Rohit Bharill as Head of Risk
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•Cadence, the leading fintech securitization platform for private credit, announced that Rohit Bharill recently joined the company as its first Head of Risk. In this role, Bharill will be leading the risk management efforts and report directly to Cadence founder and CEO, Nelson Chu. Prior to this role, Bharill served Morningstar Credit Ratings, where he…
Tata Capital Growth fund to invest $30 mn in Biocon Biologics
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•Biocon Ltd, an innovation-led global biopharmaceuticals company, announced that the Board of its subsidiary Biocon Biologics India Limited (Biocon Biologics) has approved a primary equity investment by Tata Capital Growth Fund. As per the terms of the proposed agreement, Tata Capital will invest Rs 225 Crore for a 0.85% minority stake in the biosimilar business,…
India Angel Fund invests in mental wellness startup IPHM Services
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•IPHM Services announced that it has raised a seed round of funding from India Angel Fund. The seed funding is led by Monaliesa Sarkar, Jyoti Tiwari, Koel Dutta, Sabana Khatoon, Dr. Vikaas Grover and Rahul Narvekar. Founded by Dr. Sachin Bhavsar, IPHM Services (Integrated Personalized Healthcare Management), helps design programs and workshops for the psychological…