Dr Nagendra Nagaraja, Founder, CEO, and Chairman of Qpi Technology has announced that Qpicloud a subsidiary of Qpi Technology has acquihired Coimbatore-based Hackowls software to prep up application development team for Qpicloud product and technologies. He suggested, “Hackowls has been working with us for almost a year now and team has done a great job…
The Consumer Goods Forum (CGF) has announced that two new Co-Chairs have been elected to its Board of Directors: Daniel Zhang, Chairman & CEO of Alibaba Group, and James Quincey, Chairman & CEO of The Coca-Cola Company. The pair will lead the CGF Board for two years and replace outgoing Co-Chairs Özgür Tort, CEO of…
National Engineering Industries Ltd. (NEI), part of US$ 2.4 billion diversified CK Birla Group, organised a vaccination camp at its Jaipur facility for its 2000+ employees and their immediate family members. According to Rohit Saboo, President and CEO of NEI, “It is our priority to protect the health of our employees from COVID-19. In addition…
Imerys has announced the launch of commercial sales out of its new calcium aluminate plant in Vizag, in Andhra Pradesh. The Group invested Rs. 350 crores in this new facility, which expands the Group’s presence in the country. “Our Vizag plant helps Imerys to be closer to our customers, in addition to subscribing to the…
Startup ecosystem enabler, MCats, is aiming to raise $4 million at a valuation of $25 million, the company said in a statement. According to the statement, the accelerator plans to use the raised funding to reinforce the current portfolio, accelerate the progress towards a digital and self-reliant India, enable global reach and engage more with…
MAS Financial Services Limited has announced that it has raised INR 100 crore via market-linked NCDs (MLD). The Finance Committee of the Board of Directors of MAS Financial Services, in its meeting held on June 23, 2021 approved and allotted, on a private placement basis, 10,000 Rated, Senior, Secured, Listed, Transferable, Redeemable, Principal Protected Market-linked…
AI-based networking platform CoffeeMug.ai has announced that it has raised $625K in a pre-seed funding round from Paradigm Shift Capital, and AngelList India, among others. General Partner of Point One Capital – Archana Priyadarshni, Co-Founder and CFO of 100X.VC – Yagnesh Sanghrajka, IIM Indore Alumni Angel fund along with Co-Founder and CEO of ixigo.com – Aloke…
Nobel Hygiene has announced that it has secured around Rs 450 crore in funding led by Quadria Capital, a private equity fund focused on healthcare. Quadria, with the latest investment, will also hold a minority stake in the firm. Speaking on the investment, Kamal Johari, Managing Director and CEO, Nobel Hygiene, commented, “We are delighted…
Hyderabad-based OaaS firm, headquartered in the Silicon Valley, Quantela has announced that it has raised $40 million from digital infra focused fund Digital Alpha. Sridhar Gadhi, Founder and Executive Chairman, Quantela Inc., said, “The growth capital from Digital Alpha is a validation of the market opportunities that exist for us. While Quantela has been growing exponentially since…
KVK-Tech, Inc. and its affiliate Penn Life Sciences, Inc. have announced that they have appointed Rahul Sareen as Corporate Head of Quality. Mr. Sareen brings more than 24 years of pharma industry experience to the company. He most recently served as the VP, Head of Global Quality Operations for Jubilant Pharma. He also had several…
CommerceIQ, the algorithmic platform that helps consumer brands win in e-commerce, has announced the closing of a $60M Series C funding round. The round will fund international expansion and product research and development focused on further maximizing brand revenue and profitability on Amazon, Walmart, Instacart, Target and other online marketplaces. The company also intends to…
NetApp, a global, cloud-led, data-centric software company, has announced that it has acquired Data Mechanics, a managed platform provider for big data processing and cloud analytics with offices in Paris, France, that helps businesses capitalize on Apache Spark, an open-source unified analytics engine for large-scale data processing and machine learning, in Kubernetes. Financial details of…
Pequity, an intelligent compensation platform, has announced that the company has closed a Series A round of $19 million, led by Norwest Venture Partners with participation from First Round Capital, Designer Fund, and Scribble Ventures. “Compensation reflects a company’s values, affects its ability to hire talent, and is the biggest expense on its P&L. And…
Synapsica Healthcare has announced that it has raised $4.2M in Series A round from Endiya Partners and IvyCap Ventures for global expansion. Y Combinator, a Silicon Valley-based incubator along with other angel investors also participated in the funding round. Vikram Gupta, Founder and Managing Partner, IvyCap Ventures Advisors Pvt Ltd, said, “Synapsica with its AI tools help…
GoMechanic has announced that it has raised $42 million in Series C funding round led by Tiger Global Management. The funding round also saw partcipation from Orios Venture Partners, Sequoia Capital India and Chiratae Ventures. Speaking on the investment, GoMechanic’s founders said “We are thrilled to welcome Tiger Global as our partner at the cusp of our…