CarDekho Group, India’s leading car search venture, has expanded its global footprint by acquiring online car classifieds site, Carmudi Philippines. Carmudi was a part of Rocket Internet and is an online car classifieds site focusing on emerging markets. The company was founded in 2013. In the company’s statement on this move, Co-Founder and President, CarDekho…
Zumutor Biologics, an Immuno-Oncology company, has raised $4 million in Series A2 funding led by new investor Bharat Innovation Fund (BIF). The round also saw participation from its existing investor Accel Partners. With this round, the total funding raised by the startup stands at around $20 million. The company was founded in 2015 by Kavitha Iyer Rodrigues
Lara Bezerra, Head of Roche India, is leaving the company. She had joined Roche India in October 2017, after her stint as General Manager Product at Roche Venezuela SA. She has been serving as Managing Director for the Indian operations. As per the company’s statement to media, cited in ET, “Dec. 1 will be the…
Ola, the leading ride hailing company, is looking at an IPO in next 18-24 months. The company has been focusing on profitability prior to its IPO. It is learnt that the company has initiated a restructuring exercise. As per a PTI report citing a company spokesperson – the restructuring is aimed at becoming “more nimble…
Zomato, an Indian restaurant aggregator and food delivery startup, has appointed Akriti Chopra as the Chief Financial Officer of the group. This news comes nearly a year after its previous chief financial officer, Sameer Maheshwary, resigned from the company.
The Indian Institute of Technology, Kanpur (IIT Kanpur) has announced an Advanced Certification Program in Cyber Security and Cyber Defense in partnership with TalentSprint. The program is designed for current and aspiring professionals, who are keen to explore and exploit the latest trends in cyber security technologies. A combination of deep academic rigor and intense…
Maruti Suzuki India Limited has achieved yet another important milestone under its CSR program. The Company has successfully trained 15000 tribal youth in driving, making them employable. These students were trained at its All Gujarat Institute of Driving, Technical Training and Research (AGIDTTR) situated in Waghodia, Gujarat. Of the candidates trained, 70% have secured employment…
Schneider Electric, a French multinational corporation, has opened a new factory in Bengaluru. As per the Schneider Electric statement, this new factory will employ around 700 people. Earlier this month, the company had opened its first Smart Distribution Center in Mumbai. In a statement, the company said, “Schneider Electric announces the launch of its factory in…
Birlasoft is a part of the USD 2.4 billion diversified CK Birla Group. The company has last week hosted the Grand Finale of the 1st edition of #Xccelerate4Startups. It is an event for fostering the start-up ecosystem and enabling a platform for startups to positively impact global businesses with their solutions and ideas. The challenge…
Reliance Industries Ltd, the Indian multinational conglomerate, has finally crossed the market capitalization of Rs 10 lakh crore and has become the first Indian company to pull off this feat. Tata Consultancy Services, the second most valued firm, has a market cap of Rs 7.81 lakh crore. In October, RIL had hit the Rs 9…
BlackBuck, India’s largest trucking platform, has raised about Rs 56.23 crore from Trifecta Venture. The funding is a mix of equity and debt. Apart from this, the company has raised Rs 6.23 crore through issuance of 322 Series D CCPS in equity priced at Rs 1.93 lakh, which still has to be received by BlackBuck.…
Kacific Broadband Satellites Group (Kacific) has selected Tata Communications, a leading global digital infrastructure provider, to provide terrestrial connectivity services as it readies for the launch of its first satellite, Kacific1. Tata Communications will provide global internet and state-of-the-art cyber security services for Kacific’s Ka-band satellite network. Christian Patouraux (CEO, Kacific) said, “Kacific chose to…
Child Labour is an outcome of various socio-economic problems such as poverty, economic backwardness and illiteracy. The Government is committed to eliminate Child Labour in the country. It has amended the Child Labour (Prohibition & Regulation) Act, 1986 and enacted the Child Labour (Prohibition & Regulation) Amendment Act, 2016 which came into force with effect…
Adobe has appointed Nanda Kambhatla to head the company’s research team in India. He will be based in Bengaluru, and will lead the company’s research initiatives – Artificial Intelligence (AI), Natural Language Processing (NLP), Machine Learning (ML), Big-Data Analytics and Insight, and Content Intelligence technologies. Nanda is an AI and Machine Learning expert with over…
Happiest Minds Technologies ranks among top 25 of India’s best workplaces in IT & IT-BPM (Business Process Management) industry for 2019 in a study conducted by the Great Place to Work Institute. The ranking is based on a structured assessment of about 200 organizations in the sector on their workplace and people practices. Happiest Minds, founded by…