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France-headquartered provider of cloud-based payroll and HR software Silae, and investment firm Silver Lake recently announced that Silver Lake is to acquire 100% of Silae from its founding shareholders. According to the company statement, the founding shareholders intend to remain involved in the business. Co-Founders of Silae, Jean-Paul Bagou, Michel Delolme, Didier Fléchet, Philippe Marty…
San Francisco-based financial technology company Taulia, recently announced that it has appointed Christian Lindemann as Director of Supply Chain Finance EMEA. Christian is based in Switzerland and will be the EMEA region’s Working Capital Solutions Expert. In an official statement, the company said, “In an all-encompassing role, Christian will use his deep Supply Chain Finance…
Syndax Pharmaceuticals, a clinical stage biopharmaceutical company developing an innovative pipeline of cancer therapies, announced the appointment of Daphne Karydas as Chief Financial Officer, effective July 13, 2020. Karydas brings to Syndax nearly 20 years of financial experience in the biopharmaceutical industry. Prior to this role, Daphne served as Senior Vice President of Corporate Financial…
Zolostays, a Bengaluru-based co-living startup, announced that it has raised $56 million Series C funding led by Investcorp, Nexus Venture Partners, Mirae Assets, and Trifecta Capital, among others. Founded in 2015 by Nikhil Sikri, Akhil Sikri, and Sneha Choudhry, Zolostays earlier raised more than $40 million from the likes of IDFC Alternatives; Mirae Asset; Nexus…
Dallas-based AI platform for integrated planning and digital operations o9 Solutions Inc. recently announced that it has promoted Anand Govind to the role of Chief Financial Officer. Anand was previously EVP of Finance. According to an official statement, “He(Anand) brings to o9 significant financial and technology industry experience including an extensive background in corporate finance,…
Magma Fincorp Limited, a Mumbai-based asset finance company, announced the launch of pro-bono business consulting services for Small and Medium Enterprise (SME) customers under a partnership with Wadhwani Foundation. Under the program Magma will provide business consulting, digital learning management, program management office support and impact assessment to upto 1000 SME customers initially, to help…
PiggyRide, a Bengaluru-based startup that offers cab services for kids, announced that it has raised Rs 14 crore pre-Series A funding from JAFCO Asia, along with a new investor Artha Venture Fund. The company will utilise the fund infusion to scale its product and engineering team, while also going deeper into existing categories within the…
Facebook-backed online learning platform Unacademy has recently acquired Chandigarh-based ed-tech startup PrepLadder for $50mn. PrepLadder primarily provides preparatory help with medical entrance exams. The recent acquisition in the edtech space highlights the preference of investors in the current times when physical learning has taken a backstep. In the last six months, investors have spent about…
Tata Consultancy Services, a leading global IT services, consulting and business solutions organization, announced that it has expanded its decade-long partnership with Tryg, one of the largest non-life insurance companies in the Nordic region, to help the latter adopt a future-ready technology stack and IT operating model that will accelerate its digital transformation journey. As…
British retail and commercial bank Lloyds Bank Chief Executive António Horta-Osório recently said that he would step down next year after a decade at the helm. His decision to leave the office has left Britain’s biggest domestic bank to find a successor to steer it through the coronavirus fallout. According to a Reuters report, while…
L&T Infrastructure Finance Company Ltd. (LTIF), the wholly owned subsidiary of L&T Finance Holdings Ltd., announced that it has received the first tranche of $50 million of the total $100 million ECB loan from Asian Infrastructure Investment Bank (AIIB), a multilateral development bank that invests in sustainable infrastructure. This development marks AIIB’s first loan to…
British coffee chain Pret A Manger has recently said that it will not reopen 30 of its shops in the United Kingdom post the coronavirus lockdown. It further said that it is planning to cut around 1,000 jobs. The recent development at the coffee chain is an outcome of the decline in customer demand due…
Product analytics and digital insights platform Heap Inc recently announced that it has appointed Lynn Girotto as the company’s first Chief Marketing Officer (CMO). Girotto has over 20 years of senior-level experience leading global marketing teams at Tableau, Starbucks, and Microsoft. In her new role, she will be responsible for growing brand awareness, scaling Heap’s…
Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly owned subsidiary of the Tata Power, announced that it has completed the sale of its three ships viz. MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff Carriers GmbH & Co. KG, Germany for a consideration of USD 212.76 million. TERPL will now…
Deutsche Bank and Google Cloud have agreed to join forces and form a strategic partnership that aims to redefine how the bank develops and offers its financial services. According to the Google Cloud’s press statement, “The partnership is unique in that it will not only deliver cutting edge cloud services to Deutsche Bank, but also…