Talent Assessment Company, Wheebox has appointed Cloud and Annuity Business lead for Microsoft, Bishnu Nepak as Chief Revenue Officer for India Business. The announcement comes as a part of the company’s redefined strategy to increase its enterprise footprint, enhance and strengthen its customer engagement and experience in India, said a release. Prior to Microsoft, Bishnu…
CSS Corp, an IT services and technology support company, has announced that it has been recognized as a “Disruptor” in Avasant’s Intelligent Automation Services RadarView 2019 Report. Avasant acknowledged CSS Corp’s consistent innovation in its RPA solutions and indigenous AI-enabled platforms, Contelli and Active Insights. The report evaluated 24 global service providers against key criteria…
Wysh, a celebrity engagement and wishing platform, has raised $2 Mn in Series A funding round led by Kalaari Capital, investment firms IIMK, Gemba Capital also participated in the funding round, along with Wysh’s existing investors Whiteboard Capital, Touchstone Equities and AngelList. With this funding, Wysh plans to strengthen its marketing strategy and bring more…
US-based private equity firm, Blackstone is in talks with Indian logistics company Allcargo to buy stakes in the latter’s warehousing business for over ₹380cr. This investment is a part of the PE firm’s plan to ramp up its real-estate portfolio in India.
Silicon Valley Bank, a subsidiary of SVB Financial Group, is planning to hire over 200 people for its newly opened Bengaluru Office. The company has started hiring engineers, systems architects, data analysts, product design, development and support for core functional areas of SVB’s business. As per ET, Daniel Beck, Chief Finance Officer, Silicon Valley Bank,…
Cloudera, the enterprise data cloud company, has announced the appointment of Robert Bearden as President and Chief Executive Officer. Martin Cole, chairman of the board of directors and interim CEO of Cloudera, said “Rob has been a valuable resource for me and the company as we refined our post-merger strategy and positioned the company for…
Fractal, an Artificial Intelligence and analytics company that powers decision-making in Fortune 100 companies, has announced that they are a Certified Retail Competency Partner of Amazon Web Services. Fractal will now co-present with Office Depot at the National Retail Federation’s 2020 vision event, taking place at the Javits Center in New York City, January 11-14.…
It doesn’t seem that their troubles are getting over soon. In the past few months, OYO has managed to gather a different spotlight on itself with a New York Times report on its toxic work-culture, IT raids at their Gurugram headquarters and death of a sportsperson in one of their properties last year. Adding to troubles, came the firing of thousands of its employees from China and India business.
Whatfix, a Digital Adoption Solutions (“DAS”) provider, has announced notable company achievements and growth in 2019 highlighting the value of digital adoption and transformation as the key to success. Notable milestones include new customers, bringing the company over 100 Fortune 500 customers, an unprecedented B2B SaaS Customer Net Promoter Score of 65 that is in…
Milliken & Company, a diversified manufacturer with more than a century and a half of materials science expertise, announced that it has signed an agreement to acquire Borchers Group Limited, a global specialty chemicals company known for its innovative high-performance coating additives and specialty catalyst solutions from The Jordan Company, L.P. The acquisition is expected…
Venture Catalysts, India’s integrated incubator and accelerator platform, and among Asia’s top three, has been ranked No. 7 globally as the most active angel & seed stage investors in 2019 by global market research firm Crunchbase. The rankings are based on the findings across 9,892 early-stage deals done in 2019, worldwide. In 2019, Venture Catalysts…
Zimyo, a cloud-based HR and benefits solutions for startups, has raised an undisclosed amount of funding from Yatra Angel Network. Other investors who participate are fintech veterans Abhishant Pant (Founder of Fintech Meetup), Navin Surya (Chairman Emeritus, Payments Council of India), Madhusunandan R (Founder of YAP), Jose Thattil (Founder of Phi Commerce), Tejasvi Mohanram (Founder…
Jay Gems Inc., a subsidiary of Renaissance Global Limited and exclusive licensee of Enchanted Disney Fine Jewelry, has signed an agreement with Lao Feng Xiang, China’s second largest jewellery retailer, to launch Enchanted Disney Fine Jewelry in retail stores in Mainland China. The launch into China, the world’s second biggest jewellery market, is a great…
Numocity Technologies, a new age digital technology company, has secured an undisclosed amount from Ideaspring Capital, Rebright Partners and ABB Technology Ventures (ATV). The early-stage startup focusses on providing digital solutions for electric mobility infrastructure. The company was founded by Ravikiran Annaswamy, Siddharth Sreenivasan, and Muralidhar Somisetty in 2018. The company will utilize these funds…
Hero Cycles Ltd has acquired a stake in German premium e-bike maker HNF Nicolai. The company’s move is to tap the overseas market. Along with Hero, a German investment trust IBG Beteiligungsgesellschaft Sachsen-Anhalt mbH has also bought the stake in the German e-bike maker. Financial details of the transaction remain undisclosed. In their joint collaboration,…