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Marico, one of India’s leading consumer products companies operating in the global beauty and wellness space, announced that it has acquired Ahmedabad-based men’s grooming startup Beardo, according to a YourStory report. Founded in 2015 by Ashutosh Valani and Priyank Shah, Beardo is an official brand manufacturer of natural ordinary oils for bearded men. It is…
British low cost airline easyJet recently said that it is considering closing down three of its airport bases because of the impact on the travel industry due to the coronavirus. The budget carrier said in a statement that it could close bases at London Stansted, London Southend and Newcastle airports as part of wider cost…
Aspire Systems, a global information technology services company, announced that it has acquired a majority stake in RapidValue Solutions, a digital product engineering services and solutions. As part of the agreement, Aspire Systems is buying out the entire stake of Helion Ventures to become the majority shareholder. The acquisition will enable Aspire to strengthen its…
Cholamandalam MS General Insurance Co. Ltd., announced the retirement of S. S. Gopalarathnam as the Managing Director. V. Suryanarayanan, currently President and COO, will take over as the Managing Director of Cholamandalam MS General Insurance Co. Ltd., effective 1st July 2020. S. S. Gopalarathnam retires as Managing Director of Cholamandalam MS General Insurance Co. Ltd.…
Dr Reddy’s Laboratories Ltd, announced that it has partnered with FUJIFILM Corporation through FUJIFILM Toyama Chemical Co. Ltd. and Global Response Aid for the development, manufacture and sales of Avigan Tablets (generic name: favipiravir), a potential treatment of COVID-19. Under the tripartite agreement signed on 30th June 2020, FUJIFILM grants Dr. Reddy’s the exclusive rights…
MWWPR, one of the world’s top independent public relations firms, announced that Adam Selwyn has joined the agency as Executive Vice President and Chief Creative Officer. Selwyn previously led creative for Weber Shandwick’s 3PM group. In his new role as Chief Creative Officer, Selwyn will be responsible for leading creative ideation across the firm’s portfolio…
Lummus Technology, a global leader in the development and implementation of process technologies that make modern life possible, announced that Haldia Petrochemicals Limited, the flagship company of The Chatterjee Group (TCG), and investment funds affiliated with Rhône Capital have successfully completed the joint acquisition of Lummus from McDermott International. According to the terms of the…
Bharti Airtel, India’s largest integrated telecommunications operator, and Comfort Investments II, an affiliated entity of CAP V Mauritius Limited, an investment fund managed and advised by affiliated entities of The Carlyle Group, announced an agreement under which Comfort Investments II will invest $235 million in Nxtra Data Limited, a wholly owned subsidiary of Airtel engaged…
Computer memory manufacturer Kioxia Holdings Corporation recently announced that it has appointed Michael R. Splinter as an Independent Director, effective immediately. Kioxia was spun off from the Toshiba conglomerate as Toshiba Memory Corporation in 2018. The company in an official statement said, “Splinter is a 40-year veteran of the semiconductor industry and brings various business…
Automated data integration provider, Fivetran recently announced that it has raised $100mn in Series C financing, led by Andreessen Horowitz (a16z) and General Catalyst. The funding round also saw participation from existing investors CEAS Investments and Matrix Partners. The company said it will use the funding to accelerate global expansion, drive adoption in the enterprise…
Gurugram-based food delivery startup MOPP Foods Pvt. Ltd, which operates the brand Mad Over Parathas & Pakodas, recently announced that it has raised an undisclosed amount of angel funding. The funding round was led by Beer Cafe founder and CEO Rahul Singh. The funding round also saw participation from Samir Khurana (Advisor, AdvantEdge Founders VC),…
Integrated marketing communications agency Scroll Mantra recently announced the appointment of Nikhil Sharda as their Executive Vice President for Creative and Digital Communications. With close to 17 years of experience, Nikhil has been an ace story-teller and an artistic force behind various digital brand campaigns spread across a multitude of industries. In his role as…
Emissary, an intelligence network dedicated to helping sales teams accelerate deals, announced that it has raised $6.3 million funding led by G20 Ventures. Other investors that took part in the funding round include PBJ Capital, Converge, and Castor Ventures. “Seeking funding in today’s uncertain market was certainly interesting,” said Emissary’s CEO, Allen Mueller. “Given the…
Los Angeles-based digital commerce solution provider, Scalefast recently announced that it has raised $22mn in Series B funding round. The company plans to use this funding to expand its team, footprint and product offering to further support existing and new customers. The funding round saw participation from Xplorer Capital, Stereo Capital, FJLabs, as well as…
JSPL, one of India’s fastest growing and largest integrated steel manufacturers, announced that its subsidiary, Jindal Steel & Power (Mauritius) Ltd. (JSPML) has accepted a binding offer from Templar Investments Limited to divest its entire stake in its Oman asset, Jindal Shadeed Iron and Steel Co LLC (JSIS Oman). The enterprise value of the deal…