Category: Global

AskSid strengthens its retail AI offering by integrating with Zalo

AskSid has announced its integration with Zalo, Vietnam’s digital communication channel. The company said in a statement, “As a retail-specific digital shopping assistant, AskSid has supported global retail brands to automate their customer support, discover insights, and enhance shopping experiences with its full-stack verticalized AI solution.” “With live implementations of its AI solution running successfully…

FIS kicks-off COVID-19 Employee Vaccination Drive across India

Financial technology firm, FIS has begun its COVID-19 vaccination drive for its employees and their immediate family across 8 office locations in India. FIS, which houses one-third of its global workforce in India, aims to help vaccinate 10,000 plus people under its employee health and wellbeing program. In the first phase of its COVID-19 vaccination…

Sterling and Wilson Solar Limited appoints Amit Jain as Global CEO

Sterling and Wilson Solar Limited has announced the appointment of Mr. Amit Jain as Global CEO. He will succeed Mr. Bikesh Ogra, who relinquished the position with effect from 31st May 2021. Mr. Ogra will continue as a Director on the Board of the Company. Mr. Jain has been associated with Sterling and Wilson Solar…

FMCG distribution platform Dropshop raises Rs 9.3 Cr in pre-Series A funding

FMCG distribution platform Dropshop has raised Rs 9.3 Cr in Inflection Point Ventures led pre-Series A funding round. The funding round also saw participation from existing investors The Chennai Angels and Axilor Ventures, along with 42.vc. The fresh funds raised by the platform will be used to strengthen the product and to scale up the…

Virtual Events Platform, Hubilo Onboards Sudip Mitra as Senior VP of Engineering

Virtual Events Platform, Hubilo has onboarded Sudip Mitra as Senior VP of Engineering. Speaking of Sudip’s addition to Hubilo, Vaibhav Jain, CEO & Founder, said, “Hubilo is witnessing some very interesting shifts at the moment and it’s an exciting time for the team altogether. Sudip’s rich and diverse experience, I believe, will add to our…

SimpliContract bags $1.8M in seed round led by Kalaari Capital

Contract lifecycle management platform SimpliContract has raised $1.8M in seed financing round led by Kalaari Capital. The round also saw participation from Picus Capital, Digital Sparrow Capital and Arka Ventures. Guru Venkatesan, CEO of SimpliContract, said, “We are seeing significant interest and adoption in the market within a few months of launch. SimpliContract’s AI-driven platform supports…

Fintech startup Chqbook raises $1 M from InnoVen Capital

Fintech startup Chqbook has raised $1 M from InnoVen Capital to increase its loan book, according to a press release. Speaking on the development, Vipul Sharma, Founder & CEO, Chqbook stated, “We have witnessed that 50 percent of all requests on the Chqbook App are credit-related. Hence, it becomes important for us to focus on…

GroupM elevates Madhvi Pahwa as Chief People Officer – South Asia

GroupM has announced the appointment of Madhvi Pahwa as chief people officer – South Asia. Pahwa has been elevated into the role to oversee the India talent team of GroupM. She will also build the talent proposition of GroupM for the region. She will be reporting to chief executive officer of GroupM South Asia – Prasanth Kumar. “Madhvi has…

DLF names Ashok Kumar Tyagi and Devinder Singh as CEOs

DLF’s board of directors has promoted its whole-time directors Devinder Singh and Ashok Kumar Tyagi, as the CEOs, effective immediately. The company also informed in a filing, that the board of directors, “on the recommendation of the nomination and remuneration committee of the company has co-opted Savitri Devi Singh and Anushka Singh as additional directors…

Cell Propulsion raises $2M from existing investors

EV tech startup Cell Propulsion has announced that it has raised $2M from existing investors. “Cell Propulsion (has) recently raised funding of $2 million in both debt and equity in a growth round from existing investors. Endiya Partners, growX Ventures, Huddle Accelerator, and Micelio were the key investors in this round,” the mobility technology company…

Apax Funds to acquire Infogain from ChrysCapital

Funds advised by Apax and ChrysCapital have announced that they have reached an agreement for the Apax Funds to acquire Infogain, a Silicon Valley-based firm. The transaction is subject to customary closing conditions and is expected to close in Q3 2021. Terms of the transaction were not disclosed. Founded in 1990 and headquartered in Los…

Mahindra Appoints Pratap Bose to lead its new Global Design Organization

The Mahindra Group has announced the appointment of Pratap Bose as the Executive Vice President and Chief Design Officer to lead its newly formed Global Design organization. The new Global Design organization renews Mahindra’ commitment to re-shaping the future of mobility by designing and developing dynamically engineered next-generation authentic products with global appeal, according to…

Eightfold AI Raises $220M Series E Funding Round Led by SoftBank Vision Fund 2

Eightfold AI has announced that it has raised a $220M Series E funding round. The funds will be used for growth and development of Eightfold’s AI-powered Talent Intelligence Platform and to expand its partner ecosystem. This Series E funding round is led by SoftBank Vision Fund 2 and also includes investors from previous rounds, including…

Viacom18 appoints Vivek Mohan Sharma as head of branded content

Viacom18 has announced the appointment of Vivek Mohan Sharma as head of branded content. In the new role, he will be reporting to head of network sales at Viacom18 – Mahesh Shetty. Speaking on the appointment, he said, “Brands today are looking at creating moments and mindshare that stays with the audience for long. Branded content…