Reliance Strategic Business Ventures Limited (“RSBVL”), a wholly-owned subsidiary of Reliance Industries Limited (“RIL” or the “Company”) has acquired equity shares of NowFloats Technologies Pvt. Ltd. (“Nowfloats”) for a cash consideration of Rs 141,63,78,822 (Indian Rupees one hundred forty one crore sixty three lakh seventy eight thousand eight hundred twenty two only). The said investment…
KredX, a Invoice Discounting Platform, has raised $26million in series B funding round led by Tiger Global Management, along with participation from existing investors for a minority stake in the company. The company was founded by Manish Kumar and Anurag Jain in 2015. Earlier, the company raised funds from Sequoia Capital and Prime Ventures Partners…
HappyEasyGo, an online flight and hotel booking platform, has raised Rs 350 crore in Series B round from its investment partners, including Korea Investment Partners (KIP), Samsung Venture Investment Corporation (SVIC), UOB Venture, 10 Fund, CVCapital, Zero2IPO Ventures, and M&S Partners. The startup will use these funds to further strengthen its air-ticketing business and develop…
Wipro Limited has been recognized as a ‘Leader’ by global research and advisory firm Forrester Research Inc. in its report, “The Forrester WaverM: Al Consultancies, Q3 2019”. The firm evaluated participating companies by researching, analyzing and scoring them on 23 different criteria across three main categories – current offering, strategy and market presence. The report…
InstantPay, inclusive and neo Banking platform, has entered into a strategic partnership with Kotak Mahindra Life Insurance Company Limited to reach out to the billion uninsured and under-banked population of India, including the urban migrant. This alliance will not only bring insurance to the first time consumers, but will also digitally empower the semi urban…
Samsung India has inaugurated the Samsung Digital Academy at IIT-Guwahati, to strengthen the government’s Skill India mission and also bolstering the Digital India initiative. The Samsung Innovation Lab at IIT-Guwahati will train students on Internet of Things (IoT), Embedded Systems, Artificial Intelligence and Machine Learning, helping them learn industry-relevant skills and making them job-ready. Samsung…
Observe.AI, the leader in AI-powered agent enablement for voice customer service, has rasied $26 million Series A round led by Scale Venture Partners, with participation from Nexus Venture Partners, Steadview Capital, 01 Advisors, and Emergent Ventures. The company was founded by Akash Singh, Sharath Keshava, and Swapnil Jain in 2017.
Walmart and Flipkart has announced a joint strategic investment in Ninjacart, the innovative startup disrupting India’s fresh produce market with its made-for-India business-to-business (B2B) supply chain infrastructure and technology solutions. The transaction is expected to close by this year-end. The company was founded in 2015. Partnering with Ninjacart will help Walmart and Flipkart strengthen direct…
The Moms Co., mother and baby care-focused consumer goods startup, has raised $5 million in Series B round from renowned FMCG investors Saama Capital, DSG Consumer Partners, and others. The company was founded by Malika Sadani in 2017. The funds will help the startup to add new products, strengthen its technology and expansion of its…
TCS iON, a strategic unit of Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organization, announced a partnership with the Additional Skill Acquisition Programme (ASAP), an initiative of the Higher Education Department of the Government of Kerala, to empower the youth of the state with new-age, future-ready proficiencies to meet…
Infosys, a global leader in next-generation digital services and consulting, was presented with the prestigious United Nations Global Climate Action Award in the ‘Climate Neutral Now’ category at the UN Climate Change Conference (COP 25) in Madrid, Spain. Infosys won the award for its carbon neutral program, which delivers scalable, innovative and practical climate actions…
Nippon Express Co., Ltd. acting through its subsidiary Nippon Express (South Asia & Oceania) Pte. Ltd. and Future Supply Chain Solutions Limited (FSC) have signed a Business Collaboration Agreement (BCA) to jointly explore growth opportunities for new and existing customers based on their strategic partnership and business collaboration and expand revenues for both companies. The…
Friday Health Plans, a Denver-based health insurance holding company, announced that it has signed agreements that will provide up to $50 million of funding to the company. The funding from Peloton Equity and Leadenhall Capital Partners will support Friday’s expansion in Colorado and into new markets with a focus on individual and small group health…
Infosys, a global leader in next-generation digital services and consulting, has been certified by the Top Employers Institute as a 2020 ‘Top Employer’, in recognition of its excellence in employment practices across Australia, Singapore and Japan. Organizations certified as Top Employers dedicate themselves to providing the very best working environments for employees through their progressive…
GRC (Green Revolution Cooling), the leader in immersion cooling for data centers, has announced it is increasing operations in the Asian market with the opening of offices in New Delhi, India on January 1, 2020. The office will be led by GRC’s Dhruv Varma, who is relocating from the US to New Delhi, India where…