Razorpay has acquired payroll management company Opfin. The announcement was made at the second edition of FTX, Razorpay’s flagship fintech conference on 22nd November 2019. Opfin was founded in 2017 by Anuj Jain. It provides payroll automation and related services like leaves and offer letter generation to its clients. The platform also provides for storage…
Samarth (Scheme For Capacity Building In Textile Sector) is a flagship skill development scheme approved in continuation to the Integrated Skill Development Scheme for 12th Five Year Plan (FYP), Cabinet Committee of Economic Affairs. The objectives of the scheme are to provide demand-driven, placement oriented skilling programme to incentivize the efforts of the industry in…
Cognizant has been actively working on cost cutting measures for some time now. In recent months, the company has announced a series of measures to contain its finances and streamline its business. Earlier in October 2019, while announcing the company’s financial results – Brian Humphries, Chief Executive Officer (CEO) said, “Over the past few months, we’ve…
Punchh, the leader in customer marketing solutions for physical retailers, has raised $40 million in a Series C funding round led by Adams Street Partners and Sapphire Ventures, with AllianceBernstein also participating in the round. The company was founded by Shyam Rao in 2010. The new funding will be used to further augment Punchh’s AI…
Mr. Ajay Kumar Dixit, CEO, Cairn Oil & Gas, Vedanta Ltd. was awarded the Leadership Excellence Award 2019 presented by ABP News Brand Excellence Awards at Taj Lands End, Mumbai on 21 November, 2019. The ABP News Brand Excellence Awards is an independent brand recognition exercise that recognises brands that have achieved extraordinary success from…
Automation Anywhere, a provider of robotic process automation, has raised $290 million in its Series-B funding, led by Salesforce Ventures. Softbank Investment Advisers and Goldman Sachs were also part of Series-B round of funding. Company’s valuation now stands at $6.8 billion. The company was founded in 2003 by Mihir Shukla, Rushabh Parmani, Ankur Kothari and…
Sanjeev Agrawal, CEO of Altico Capital, has stepped down from his position due to personal reasons. He was appointed as the CEO of the firm with the full backing of the board in October 2019, post resignation of former CEO Sanjay Grewal in September 2019.
First-of-its kind smart device launched in India to track usage pattern of metered dose inhaler (MDI) by patients Reusable device with built-in sensors to track daily usage and consumption pattern Companion app MyAdhero connects the device to smartphones via Bluetooth through which patients can access information and set reminders Physicians using the app can monitor…
Cash-strapped WeWork will be laying off 2,400 of its employees, which account for upto 20% of its workforce. This move has been much anticipated for some time now – after the company was taken over by – SoftBank. The company that once saw a valuation of $47 billion has now been under severe financial pressure,…
UiPath, a leading robotic process automation (RPA) software company, has announced that Manish Bharti has been elevated to the role of President for the India region, effective November 22, 2019. Raghunath Subramanian, previously CEO for UiPath India, has been appointed as Non-Executive Chairman of UiPath Entities in India. Manish will be responsible for accelerating business…
DYT(Do Your Thng), an online shared economy platform that connects brands with millions of social media users, has raised $ 150K from angel investors Puneet Chandra (Founder and Joint Managing Director at Skootr Global Private Limited), Sorabh Agarwal (Former MD of Copal Partners), Amit Dharod and Girish Minocha among others. The company was founded by…
CasaOne, the San Francisco-headquartered furniture rental company, has completed a $16 million Series B round of financing led by Accel. The investment round also saw participation from existing investor JLL Spark, Freestyle Capital, NextWorld Capital, and Array Ventures.
Anil Nair, Chief Executive Officer (CEO) L&K Saatchi & Saatchi has steps down from his position. He will remain with the agency as an advisor. He had joined the company in Jan 2009.
Fortune’s 2019 Businessperson of the Year is finally out. There are reasons to feel good about as India’s Satya Nadella, CEO of Microsoft, has topped the list. Nadella is not the only Indian origin CEO who has made it to the Top 20, Ajay Banga (Mastercard) is at 8th spot, and Jayshree Ullal (Arista Networks)…
Manik Gupta, Chief Product Officer (CPO) Uber, will step down from his position. He had joined the company in November 2015. As per a TechCrunch report, Gupta’s last day will be December 13. In his note to the team Manik mentioned, “After a few discussions with Dara as well as with my family—and now that…