Godrej Industries has roped in Rakesh Swami as the Group President and Head of Corporate Affairs, with effect from December 1, 2022. In this new role, Swami will steer the corporate affairs function and will be responsible for leading Godrej Group’s public policy and government relations efforts. He will help enable proactive business centric advocacy…
Uolo Technologies, a communication platform for schools, said it has raised $22.5 million in a Series A round of funding led by Dubai-based growth-stage investment firm Winter Capital. Earlier in November 2020, the startup had raised $3 million seed funding led by Blume. Other investors included Morphosis Venture Capital, another Dubai-based fund, and existing investor…
Hero MotoCorp, the world’s largest manufacture of motorcycles and scooters, announced a reorganization in its Leadership Team and roles. Niranjan Gupta, currently Chief Financial Officer (CFO), has been given the additional charge of heading Strategy and M&A for the company. Niranjan has been the CFO for the past six years, ensuring strong financial shape and…
Commercial vehicle manufacturer, Ashok Leyland, has appointed Shenu Agarwal as Managing Director and Chief Executive Officer of the company with immediate effect. “Assuming charge, Agarwal will drive the technology development, growth, and future strategy for the company towards achieving our vision to be among the top 10 commercial vehicle players globally,” the company said in…
PayTabs, a payments firm based in Saudi Arabia, announced that it had acquired a 100% stake in Paymes, Turkey’s largest social commerce platform. The news of the acquisition comes just weeks after PayTabs acquired Saudi Arabia’s Digital Pay in November 2022, a statement said. Under the terms of the acquisition, Paymes will serve as PayTabs social commerce platform empowering millions of freelancers, artisans,…
Tecnotree, a market leader in 5G digital Business Support Systems (BSS), with AI/ML capabilities and multi-cloud extensibility, announced its plans to acquire CognitiveScale (CS), a US-based pioneer in the space of AI Engineering and provides solutions for scalable enterprise AI development and deployment. Tecnotree’s global footprint with over 90 Telecom customers in 70 countries around…
Mediawan, a leading independent premium content studio in Europe led by Pierre-Antoine Capton, and Plan B Entertainment, an award-winning US based production company co-founded and led by Brad Pitt, along with co-presidents Dede Gardner and Jeremy Kleiner, announce that they have entered into a definitive agreement for Mediawan to acquire a significant stake in Plan B. …
The Board of Xero Limited announces the appointment of Sukhinder Singh Cassidy as Xeroʼs new CEO, from 1 February 2023. Sukhinder will succeed Steve Vamos who, after serving almost five years as CEO, is retiring from the role and plans to return to his previous portfolio in business coaching and leadership development as an advisor, director and investor. Sukhinder is an…
MemryX Inc., a startup focused on accelerating artificial intelligence (AI) processing for edge devices, announced it has opened an engineering center in Bangalore, India. The opening of the Bangalore site is complementary to existing MemryX engineering capabilities in Taipei, Hsinchu, and Ann Arbor. MemryX offers a differentiated high efficiency, low power, and scalable Edge AI solution that is easy to…
V-Guard Industries (V-Guard) announced that it has signed definitive agreements today for acquiring I 00% stake in Sunflame Enterprises Private Ltd. (SEPL) for a consideration of INR 660 crs, on a cash-free, debt-free basis, subject to closing adjustments. The transaction is expected to close by mid of January 2023. The acquisition is in line with…
Spearline, a global provider of communication testing technologies based in Co. Cork, Ireland, has acquired Callstats analytics, diagnostics and optimization technology for WebRTC from 8×8, Inc. for an undisclosed sum. 8×8 is headquartered in California, USA. This acquisition will enable Spearline to utilise Callstats’ proprietary technology to provide the best in class solution for testing and monitoring…
ASK Capital, part of ASK Group (ASK) – one of India’s leading asset and wealth management companies, announced that they’ve received authorisation from the Central Bank of Ireland for their first UCITS vehicle – ASK Indian Entrepreneur Fund. The UCITS vehicle will be modeled on ASK’s flagship PMS, ASK Indian Entrepreneur Portfolio (“IEP”) which has a strong track record…
Wasabi Technologies, the hot cloud storage company, completed its Series D funding round with an additional $15 million in new equity headlined by Azura, SiS Cloud Global Tech Fund 8, and existing investors including Prosperity7 Ventures. Following $125M in equity closed in September 2022, the additional funding brings Wasabi’s Series D to $140 million. Along with its existing debt facility,…
Covetrus, a global leader in animal-health technology and services, announced the appointment of Ajoy Karna as executive vice president and chief financial officer. Karna succeeds Matthew Foulston, who announced previously his retirement from the company. “Ajoy is a strategic and operational leader with deep global expertise in finance and driving companywide business growth,” said Benjamin…
Abeyaantrix Technology, the parent entity of Onsite, a mobile-based application for construction projects, announced it has raised $1.5 million in a seed funding round from Artha Venture Fund, Foundamental and Madhumala Ventures, among other investors, according to ETtech report. The startup will use the funds for product development and expansion activities, according to a statement.…