Zoomcar, the leading marketplace for car sharing in emerging markets, announced the appointment of Delly Nugraha as their Country Head for Indonesia. Indonesia is expected to be the second largest market for Zoomcar after India and Delly in his new role will be responsible for all aspects of Growth, Operations, and to build the company’s best achievement in Indonesia, a statement said.…
Telecom major, Bharti Airtel (Airtel), announced that it has acquired a strategic stake in Lemnisk (Immensitas Private Limited) under Airtel’s Start Up Accelerator Program. The deal is subject to all applicable statutory approvals. Lemnisk is a Bengaluru based Start Up that offers Real-Time Marketing Automation and secure Customer Data Platform (CDP) capable of orchestrating 1-to-1…
Lineage Logistics, LLC, a temperature-controlled industrial REIT and logistics solutions provider, announced it has raised over $700 million in equity from new and existing strategic partners. “Our latest equity raise shows the confidence our investors have in Lineage’s business model and our demonstrated ability to meet demand globally in the face of macro-economic headwinds, inflationary…
KKR, a global investment firm, and Bushu Pharmaceuticals Ltd. (Bushu Pharma) announced the signing of definitive agreements under which KKR will acquire all shares in Bushu Pharma from BPEA EQT. Following the transaction’s completion, KKR aims to accelerate Bushu Pharma’s growth and further position the Company as a leading contract development and manufacturing organization (“CDMO”)…
TruCap Finance Limited (TruCap) has announced a binding agreement to raise up to Rs. 105 Cr (nearly US$13.1 million) in a combination of equity shares, convertible warrants, and nonconvertible debentures from Zeal Global Opportunities Fund. The fund raise would comprise of Rs. 80 Cr of equity and convertible warrants, while up to Rs. 25 Cr.…
Prasad Corp, the world leader in film preservation, digitization, and restoration, has formed a strategic partnership with Cube-Tec International, Germany and will exclusively represent Cube-Tec’s QUADRIGA INSPECTIONscan.one technology in some of the world’s leading and largest archival markets, including North America and India. Cube-Tec develops integrated solutions for large media archives and is a pioneer in…
Blackbaud, the world’s leading cloud software company powering social good, has named Chad Anderson as chief accounting officer. Prior to this role, Anderson served Blackbaud as senior vice president and corporate controller. “We are excited to announce the promotion of Chad Anderson to chief accounting officer,” said Tony Boor, chief financial officer, Blackbaud. “As a key executive and trusted leader…
Mars, Incorporated, a family-owned, global leader in confectionery, snacking, food, and pet care products and services announced that it has signed an agreement to acquire Trü Frü, a whole-fruit snacking brand from its founders and management team. Trü Frü’s innovative, high-quality and unique snacks are made from real fruit and immersed in premium chocolate. The…
Hinduja Global Solutions Limited (HGS), a provider of solutions in digital consumer experience (CX), business process management (BPM) and digital media services, announced the appointment of Ashok P. Hinduja as the Non-Executive Chairman of the Company. The Nomination & Remuneration Committee (NRC) and the Board of Directors (BoD) also appointed Munesh Khanna to the Board…
Prof. Srivardhini Jha assumes charge as the chairperson of NSRCEL, the startup incubator at IIM Bangalore, earlier this month. Prof. Jha is an Associate Professor of Entrepreneurship at IIM Bangalore. Prior to joining IIMB, she worked as a researcher with the McGill Centre for the Convergence of Health and Economics. She has a Ph.D. in…
Vertices Partners, one of the leading first-generation law firms, announced a further expansion in its partnership with Siddharth Raja merging his practice along with his team into the firm. He joins as a Senior Partner at the Vertices Partners’ Bengaluru office and will co-lead the firm’s practice in the south, a statement said. Siddharth is a senior lawyer with…
Integrated logistics player, Delhivery, announced the acquisition of Pune-based Algorhythm Tech Private Limited (Algorhythm Tech), an innovative Supply Chain Products and Solutions company. Upon completion of the acquisition, Algorhythm Tech will become wholly owned subsidiary of the Company, a statement said. According to the company’s exchange filing, “we hereby inform you that the Board of…
1Kosmos, the only company that unifies identity proofing and passwordless authentication, announced that Nandkumar Saravade, the founding CEO of Reserve Bank Information Technology Pvt Ltd (ReBIT) has joined its Board of Advisors. Nandkumar brings over 35 years of security expertise in the domains of fraud prevention, law enforcement, banking and regulation to 1Kosmos, a statement said. “Nandkumar is…
Wipro Limited, a technology services and consulting company, has announced that it has been named a ‘Leader’ in ISG Provider Lens 2022 for the Future of Work – Services and Solutions in the United States and Switzerland. The report evaluated the Future of Work capabilities of 37 service providers in the U.S. market and 27…
TuSimple, a global autonomous driving technology company, announced additional independent appointments to its Board of Directors – including a new Government Security Director, Michael Mosier, and an Audit Committee Chair, Wendy Hayes. Michael Mosier will serve as the Government Security Director and will be responsible for overseeing the Company’s compliance with federal government legal and regulatory requirements. In…