m.Paani, a local retailer digitization platform, has raised $5.5m in a Series A investment round led by AC Ventures, Henkel, Candy Ventures,along with angel investors Kevin Aluwi, CEO and Co-Founder of Gojek, Ryu Suliawan, and Suvir Varma. Existing investors Chiratae Ventures and Blume Ventures also participated in the round. The company was founded by Akanksha…
CreditAccess Grameen Limited, India’s leading NBFC-MFI has been awarded as the ‘Microfinance Organization of the Year’ at the prestigious 16th Inclusive Finance India Awards 2019 held in New Delhi. Krishnamurthy Subramanian, Chief Economic Advisor, Government of India and Surendra Rosha, Chief Executive officer, HSBC India presented the award on the inaugural day of Inclusive Finance…
Wipro Limited, a leading global information technology, consulting and business process services company, today announced that it has won the ‘2019 SUSE Global System Integrator Partner of the Year’ award in two categories – Most Innovative Solution and Most Technical Certifications. The ‘Partner of the Year’ award, given out by SUSE, the world’s largest independent…
Infosys, a world leader in next generation digital services and consulting, has been awarded the ‘Mazda Excellent Partner Award’ by Mazda Digital Innovation (MDI) & IT Division, Mazda Motor Corporation. Infosys has been working with Mazda to implement a global supply chain management solution for service part operations in after-market. This solution utilizes a risk-free…
VMware, Inc. (VMW), a leading innovator in enterprise software, today announced the appointment of Gaurav Agarwal to lead the Commercial and Government Sales business in India. Gaurav will be based in New Delhi and will lead VMware’s commercial business and Government sales across the country. Gaurav comes with over 20 years of experience in stakeholder…
Cab aggregator Ola is in the process of laying off some of its employees to cut down losses. The layoffs include senior managers as well as mid-level employees. As per a report in Entrackr, the company is in the process of laying off 20 percent of its employees. The layoffs are part of the company’s measures…
Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organization, has announced a new partnership with Elisa Smart Factory, part of the Finnish telecommunications company Elisa, to market and deploy the latter’s industrial IoT (IIoT) and advanced analytics solutions to a wide range of manufacturers across the world. TCS works with…
Mindtree, a global technology services and digital transformation company, today announced that it has received an IDC Insights Award for Excellence in Operations for its IT infrastructure services. The award cites Mindtree’s MWatch platform, which enables the delivery of consistent and optimized infrastructure operations services through automation. The IDC Insights Awards, in its sixth year,…
Larsen & Toubro Infotech Ltd., a global technology consulting and digital solutions company has won a multiyear engagement with Swedish financial services company, Hoist Finance AB to manage its IT Operations. With presence in 11 European countries, Hoist Finance is headquartered in Sweden and is listed on Nasdaq OMX Stockholm exchange. LTI will leverage its…
Tata Power has been ranked among the top 10 companies in this year’s Indian Corporate Governance Scorecard, which is developed jointly by BSE Limited, the International Finance Corporation (IFC) and Institutional Investor Advisory Services India Limited (IiAS), with the financial support of the Government of Japan. Tata Power made it into the top 10 list…
Freightwalla, a digital freight forwarding startup, has raised $4 million in Series A funding led by global venture capital firms Amplo, FJ Labs and Rogue One Capital. Existing investors Kae Capital and Tekton Ventures also participated in this round. The company was founded by Sanjay Bhatia, Bharat Tanvi and Punit Java in 2017. It is…
The Union Cabinet chaired by Prime Minister Narendra Modi has approved the proposal for providing additional equity support to IIFCL to the tune of Rs. 5,300 crore in financial year 2019-20 and Rs. 10,000 crore in financial year 2020-21. This will be done through regular Budgetary support and / or through issuance of recapitalization bonds.…
Zetwerk,a pioneering digital marketplace for corporate buyers and suppliers, has raised Rs 225 crore Series B round led by Lightspeed and Greenoaks Capital. Existing investors Sequoia India, Accel, and Kae Capital also participated in the round. The company was founded by Amrit Acharya, Srinath Ramakkrushnan, Rahul Sharma, and Vishal Chaudhary in 2018. Earlier, the company…
Cuemath, a math learning program for KG to 10th grade students, has raised $5.5 million in its extended Series B funding round led by Manta Ray Ventures Limited and saw participation from existing investors Capital G by Google and Sequoia India. The company was founded by Manan Khurma in 2011. Earlier, Cuemath had raised $4.1…
GenY Labs has raised seed round funding totaling approximately $700k. The round was led by BVR Mohan Reddy, Executive Chairman of Cyient and other Indian and Canadian investors. The company was co-founded by a trio of IIT alumni Ravi Jain, Giridhar Rao Apparusu and Yashwant Kumar. This funding will be used for further development of…