Bengaluru-based technology firm I Square Tek opened the India Offshore Development Centre for Hewlett Packard Enterprise Aruba Networking in Bengaluru, according to the PTI report. The Offshore Development Centre (ODC) of I Square Tek will provide 24×7 support for global Enterprise customers. I Square Tek is an emerging leader in Networking, Cybersecurity, Application Support & Testing Practices…
US-based Narwal, an AI, Data, Cloud and Quality Engineering services provider, has elevated Amit Sahoo to Vice President and Global Head of HR, Strategy and Business Operations. “I’m thrilled to share my role at Narwal. In addition to leading our HR efforts, I’m now also in charge of strategy and Business operations. This step allows…
Deloitte announced that it has acquired substantially all of the assets of Gryphon Scientific, LLC (Gryphon), a leader in biosafety, biosecurity, and all-hazards preparedness and response, with experience in using artificial intelligence (AI) to enhance security and safety. Deloitte’s competitive edge will be strengthened by Gryphon’s multidisciplinary team who will be joining Deloitte, comprising scientists,…
Talino Venture Studios, an award-winning global venture studio for sustainable innovation, and Chemonics International, a leading sustainable development firm, have launched and seed-funded Higala, the pioneer startup Inclusive Instant Payment System (IIPS) in the Philippines. As an IIPS, Higala will serve as a financial superhighway that will connect thrift banks, rural banks, and microfinance institutions that are currently excluded from payment networks because of high switching and on-ramp costs, as per the statement. Despite the presence of 400 rural banks in the Philippines, only a mere 18 are part of InstaPay. This highlights a significant challenge: the…
Mediawan and Leonine Studios (Leonine) announced the signing of a definitive agreement for Leonine to combine forces with Mediawan in an all-stock transaction. The combination will foster even closer collaboration between the businesses and establish Mediawan as a premier studio with a global presence across 13 countries, 85 labels, a catalogue of ~30,000 hours of premium content and…
Bajaj Housing Finance has appointed Sayantani Dutta as its Chief Human Resources Officer (CHRO), according to ETHRWorld report. Dutta comes with 20 years of experience in different domains of human resources. Prior to joining Bajaj Housing Finance, Dutta was associated with Kotak Mahindra Bank as HR – Wholesale Bank & Treasury. Previously, she worked at…
Assert AI, India’s largest Computer Vision SAAS company, announced the successful closure of its Series A funding round, raising a total of 30 Crores (USD 4 Million). This significant investment, led by prominent investors including Ramesh Hariharan (ex-CTO and Co-founder of LatentView), Prashant Purker (former MD & CEO of ICICI Venture), Arya.ag (India’s largest integrated grain…
Hindustan Unilever Limited (HUL), announced a key change in its Management Committee. BP Biddappa will join the HUL Management Committee as Executive Director, Human Resources and Chief People, Transformation and Sustainability Officer for South Asia. Biddappa will also join the HUL Board as a Whole Time Director, subject to shareholder approval. In this role, he will…
Digital payments major PayU has invested $5 million in Mumbai-based cross border payments platform BriskPe, the company said in a press note, according to ETtech report. This is the first institutional funding round for the startup. The investment is part of PayU’s efforts to build a full stack payments platform across both domestic and international…
Customer loyalty and marketing startup Reelo has raised $1 million from solo capitalist Gokul Rajaram, the Silicon Valley- based angel investor, who has backed companies like online marketplace Faire, Figma, and collaboration software startup Airtable, according to ETtech report. Based in Ahmedabad, Reelo plans to utilise the fresh capital to fuel its growth initiatives that…
Flourish Ventures, an early-stage venture capital firm with purpose, announced the appointment of Ravi Kaushik as Executive Director, Head of Asia Investments. Ravi will lead the global firm’s fintech investments and portfolio management in India and Southeast Asia, a statement said. “Ravi offers critical experience in growing and scaling tech companies that will be invaluable to us as we partner…
Toyota will prepare for assembly of an all-new, three row battery electric SUV in the U.S. as part of a new $1.4 billion investment in its Princeton facility, affirming Toyota’s commitment to reinvesting profits in its U.S. operations and bringing total investment in Toyota Indiana to $8 billion. This also brings the addition of up to 340 new, high-quality jobs…
IIFL Samasta Finance, which is one of India’s largest non-banking microfinance companies (NBFC-MFI), said that Former Chairman of NABARD, Dr. Govinda Rajulu Chintala has joined as independent director and Chairman of the Board at IIFL Samasta Finance. The microfinance company also announced the appointment of three other members to its Board of Directors. Besides Former Chairman of…
Former Zomato senior executive Mohit Gupta and Myntra founder Mukesh Bansal have raised $26 million in seed money for their omnichannel fashion startup Lyskraft, making it one of the largest early-stage rounds for an Indian startup amid the ongoing funding crunch, according to ETtech report. The round was led by Peak XV Partners, formerly Sequoia…
nexeye announced that a definitive agreement has been signed whereby investment funds and accounts managed by KKR agreed to acquire the Company from investment firm 3i Group plc. Headquartered in Gorinchem, the Netherlands, nexeye is a leading European provider of value-for- money eye care operating under the Hans Anders, eyes + more and Direkt Optik…