Sonata Software has announced the appointment of Jagannathan Chakravarthi as Chief Financial Officer of the Company w.e.f. 30th October, 2019. The CFO position at Sonata, was left vacant after the exit of Prasanna Oke, who had separated from the company in June 2019, to join a technology Fund, Basil Technology Partners. Jagannathan is a graduate…
Tech Mahindra has acquired Born Group, a global digital & content production agency, owned by PE firms True North Capital and Zodius Capital. The deal is valued at $95 million, and is an all-cash deal. As per the deal terms – Tech Mahindra Limited will acquire the Indian subsidiary of Born Group, Born Commerce Private…
Tech Mahindra Ltd. a leading provider of digital transformation, consulting and business reengineering services and solutions, has signed a Memorandum of Understanding (MoU) with College of Engineering and Technology (CET), Bhubaneswar to set up a Center of Excellence (CoE) within the college campus to train young graduates in the field of Artificial Intelligence (AI). The…
PiggyRide, a transport service for kids, has raised Rs 7.5 crore led by JAFCO Investment Asia Pacific, along with a clutch of angel investors, including InMobi’s Naveen Tewari; Livspace Co-founders Ramakant Sharma and Anuj Srivastava; Goldman Sachs’ MD, Niladri Mukhopadhyay; Zipdial’s Amiya Pathak; and EzCred’s Sachin Maheshwari. It was founded by Manish Tewari along with…
Kuku, a music and podcasts streaming app, has raised an undisclosed amount in funding from 3one4 Capital, Shunwei Capital (a Chinese investment firm), and India Quotient. It was founded by Lal Chand Bisu, Vinod Kumar Meena, and Vikas Goyal in 2018. Kuku FM is known for its various categories like education, entertainment, news, mythology, spirituality,…
SafeHouse Technologies Ltd, a startup focussed on mobile-first cybersecurity, has raised $2.2 million in seed funding round led by Barclays UK Ventures, the venture capital business unit of British multinational financial services group Barclays. Other investors that participated in the funding round is Purnendu Chatterjee, the founder and chairman of The Chatterjee Group. It was…
Hoopy, a vehicle maintenance startup, has raised an undisclosed amount of funding from Lead Angels and Venture Farmer. It was founded by IIT Kharagpur alumni Abhinav Shrivastava and Vedic Choubey, and BIIB Pune alumnus Shashank Dubey in 2016. Venture Farmer typically makes Pre-Series A to Series B investments ranging between $100k-$700k. Hoopy is a technology…
ShareChat, a regional language social media platform, plans to hire about 100-150 people over the next few months, and will continue to invest in strengthening its infrastructure and presence in Tier II cities and beyond the country. It was founded in 2015 by IIT-Kanpur graduates Ankush Sachdeva, Farid Ahsan and Bhanu Pratap Singh. Sharechat allows…
BeYouPlus, a Delhi-based healthcare platform, has raised $3.2 million in its Series A funding round, led by IvyCap Ventures. It was founded by Ankit Khurana in 2014 (previously known as MyDermacy). Other investors in this funding round are – Madison Capital and Singapore Angel Network. Earlier it had raised an undisclosed amount of seed capital…
Lokal, a local news and classifieds platform hosting content in regional languages, has raised $3 million from 3one4 Capital, Y Combinator, RB Investments, SOMA Capital, and its existing investor India Quotient. The company was founded in 2018 by IIT Alumni, Jani Pasha and Vipul Chaudhary. Other participants of this funding round are Twitch Co-founder Kevin…
RBI Guidelines for Bank CEO Compensation provides for clawback, and deferred payouts of variable pay. RBI, has announced a fresh set of guidelines for compensation of CEO’s, whole time directors (WTD’s) of Banks. These guidelines are based on a review of guidelines issued in 2012 (for implementation effective FY 12-13). They are also aligned with…
ENpower, a platform hosting entrepreneurship training programmes for school children, has raised Rs 2.65 crore ($377,500) in a seed round of funding led by Nikhil Vora, Founder and CEO of Sixth Sense Ventures. The platform which calls itself – “The B School for Teens”, was founded by Sushil Mungekar in 2016 and is operated by…
The third edition of Women Scientists’ and Entrepreneurs’ Conclave of the India International Science Festival (IISF) is being organized on November 7-8, 2019 at Biswa Bangla Convention Center. The conclave being organised by Ministry of Science and Technology, is an effort to inspire young women to take up careers in Science, Technology and Entrepreneurship and…
McDonald’s Global CPO, David Fairhurst has quit. His departure follows the exit of CEO Steve Easterbrook. Over the weekend, McDonald’s had announced the separation of Steve as CEO, for having a consensual relationship with an employee which was in violation of a company policy. As per a Bloomberg report, Fairhurst’s separation was announced in an…
Smriti Singh, SVP and CHRO for e-commerce major Flipkart has quit. Her separation comes after an almost one year stint with the company. She had joined the company end of 2018. It is learnt that the news of her separation has been announced in an internal communication by CEO Krishnamurthy. She took charge at a…