HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.
Bulbul, a live video shopping app, announced that it has raised $8.7 million in Series A funding led by Info Edge. While Info Edge invested around $6.63 million, the remaining sum was poured in by Sequoia and Leo Capital, according to the Entrackr report. Info Edge has entered an agreement to acquire 17.82% stake on…
Wipro Limited, a global information technology, consulting and business process services company, announced that it has been named a leader in IDC MarketScape: Worldwide Life Science Drug Safety Services, 2019–2020 Vendor Assessment — Building for Innovation. The report mentions that “Relative to other vendors discussed in this document and based on feedback from multiple customer…
Cybellum, a leader in Automotive Cybersecurity Risk Assessment, announced it has raised $12 million in Series A funding, bringing total investment in the company to $15 million. The financing round was led by RSBG Ventures with additional investment from Cybellum existing investors, Blumberg Capital and Target Global. The investment will enable Cybellum to accelerate its…
Hevo, a ‘No-Code’ Data pipeline platform, announced it has raised $8 million Series A funding led by Singapore-based VC firm Qualgro, along with independent investor Lachy Groom, a former executive at Stripe and investor in Notion, Figma and Front. Existing investors that took part in the funding round include Sequoia Capital India’s Surge and Chiratae…
Industry Dive, a business journalism company, and NewsCred, an enterprise content marketing technology, announced that Industry Dive will acquire NewsCred’s Content Marketing studio and services business including assets, people and clients. NewsCred will retain its software products. The acquisition augments Industry Dive’s in-depth market expertise, first-party audience insights, and unparalleled distribution through its portfolio of…
Healthcare services provider Independent Living Systems (“ILS”), recently announced that it has appointed David Rogers as President of ILS, effective Sept. 1, 2020. In his new role, Rogers will be responsible for day-to-day management of the internal operations of the company as well as executing strategies to optimize people, process and technology across the enterprise…
ClimaCell, a Boston-based startup that aims to create hyper-accurate weather reports, announced that it has raised $23 million led by Square Peg capital, Australia’s largest venture capital firm, and Pitango Venture Capital. ClimaCell is also backed by SoftBank Group which invested in the company last year. Shimon Elkabetz, ClimaCell’s co-founder and chief executive officer, said…
Toppr, an education technology startup, announced that it has raised Rs 350 crore in a fresh round of financing led by Foundation Holdings, a global investment firm focused on building sustainable, industry defining companies in the GCC and India’s healthcare, education and consumer sectors. The company will use the proceeds from the Series D round…
Indian e-commerce giant Flipkart, recently announced the launch of its hyperlocal service – ‘Flipkart Quick’ building on its technology capabilities and supply chain infrastructure. Flipkart Quick is aimed to offer unmatched customer experience, riding on wide selection, top-class quality and a new location mapping technology framework. The hyperlocal delivery model aims to tap new consumers…
Tata Consultancy Services, a global IT services, consulting and business solutions organization, announced that it has been recognized as a Leader in the Gartner Magic Quadrant for Data Center Outsourcing and Hybrid Infrastructure Managed Services, Europe, for the second year in a row. “TCS believes that an adaptive core or digital spine is at the…
Just months after it laid off 1100 employees across various markets in May, food tech unicorn Swiggy recently announced that it has decided to let go of another 350 employees, in what is being termed as the second wave of layoffs at the company. According to the foodtech giant, the industry has recovered only to…
Paytm Money, the wealth management subsidiary of One97 Communications Ltd, owner of Paytm recently announced key leadership changes. The company announced the appointment of a new Chief Executive Officer and Chief Financial Officer. Paytm Money said that it has appointed Varun Sridhar as the company’s new CEO. Sridhar will be succeeding the company’s former Managing…
Fintech startup Niyo Solutions Inc., which operates neo-bank Niyo recently announced that it has acquired mutual funds-focussed investment platform Goalwise in a cash-and-stock deal for an undisclosed amount. The recent acquisition by Niyo comes as it looks to expand its offerings into the wealth management space. Backed-by Tencent, Niyo said that it has picked up…
Jubilant Biosys Limited, a wholly owned subsidiary of Jubilant Life Sciences Limited, announced completion of the merger with its sister company Jubilant Chemsys Limited, based in Noida, India. The combined entities will now operate as Jubilant Biosys Limited. The merger will simplify operations and provide customers with a single brand access for a wide range…
Tata Consultancy Services, a global IT services, consulting, and business solutions organization, and Zinier, the leader in intelligent field service automation, announced the launch of a digital solution to help field service organizations quickly adapt to unexpected disruptions to essential workforces and services to ensure business continuity. The front lines of field service are seeing…