Local butcher stores sourcing and tech enabling startup “The Meat Chop” based out of Chennai on Tuesday announced that it has raised INR 7 crores in seed funding from Mohan K Co-Founder IppoPay, Ankur Agarwal Co-Founder Dunzo, Meenakshi Sundaram, Jaikumar R Co-Founder IppoPay, Rahul Mahipal Founder Capitar Ventures, Omar Bin Brek Founder & CEO Foloosi a UAE based FinTech, Amith D’Souza…
Fino Payments Bank Limited, a subsidiary of Fino Paytech Limited, announced the appointment of Prateek Roongta as Nominee Director, with effect from October 31, 2022. According to the bank’s exchange filing, “we would like to inform you that the Board of Directors of Fino Payments Bank Limited (“Bank”) at its meeting held today i.e. Monday,…
Gateway Distriparks Limited (GDL), an integrated inter-modal logistics service provider, has signed a Share Purchase Agreement (SPA) with Kashipur Infrastructure and Freight Terminal Private Limited (KIFTPL) and its majority shareholders namely, Apollo LogiSolutions Limited, India Glycols Limited and Kashipur Holdings Limited on 31st October 2022 to acquire KIFTPL. The agreed purchase consideration for the acquisition…
V-Trans (India) Ltd, an integrated single window logistics solution provider appoints Deepak Rathi as Group Chief Financial Officer (CFO) of V-Trans (India) Ltd group w.e.f. October 13, 2022. Rathi possesses over two decades of experience as a finance professional. Previously, he was associated with Greaves Cotton Ltd as Vice-President – Finance. In his earlier experience,…
LUMIQ has raised Rs 44.1 crore or $5.5 million in its Series A round led by existing investor Info Edge Ventures. In 2022, this is the 1st round of investment for the Data and Analytics company which builds datastack products and solutions, with a pure Financial Services and Insurance (FSI) focus. In this round, Info Edge Ventures spearheaded the round…
Blockchain-led data management start-up Vincilium announced the appointment of Ankur Razdan as the Head of Strategy and Business Development effective immediately.Ankur has over 2 decades of experience in the IT Industry. He is an expert on digital transformation with hands-on experience in leading the development of digital marketplaces and ecosystems; enabling clients across the globe to…
Classera, a global edutech e-learning company focused on emerging markets, has successfully raised $40 million in a Series A round, the largest in EdTech globally for a company with no prior funding. The round was led by Sanabil Investments, wholly owned company by Public Investment Fund (“PIF”), accompanied by Global Ventures, Endeavor Catalyst, 500 Global, Sukna Venture,…
Bharat Petroleum Corporation Limited, a PSU under the Ministry of Petroleum and Natural Gas, announced the appointment of Yatinder Prasad as Government Nominee Director on the company’s Board, with effect from October 29, 2022. According to the company’s exchange filing, “we hereby inform you that in terms of communication received from Ministry of Petroleum &…
Kinara Capital, a fintech for India’s small business entrepreneurs, announced closing a fresh equity round of INR ~200 crores led by British International Investment (BII), the UK’s development finance institution and impact investor. Existing equity investors Nuveen and the ASN Microkredietfonds advised by Triple Jump also participated in this round. This equity investment will aim to…
HDFC Life, one of India’s leading life insurers, at its board meeting held today, announced that it would elevate Suresh Badami to the role of Deputy Managing Director. The appointment, effective today, has been approved by HDFC Life’s NRC and the Board of Directors, and the said appointment is subject to approval of Shareholders and…
Motilal Oswal has funded a sum of ₹ 260 Cr. in Urbanrise – Alliance Group, South India’s largest Real Estate developer for the company’s upcoming three major projects in Bangalore and Hyderabad. The funds were raised towards three upcoming projects – 30 acresvilla project on Kanakapura Road, Bangalore, the 7 acres high-rise apartment project in Whitefield, Bangalore and the 17.5 acres of high-rise…
GoFloaters, the leading hybrid workplace platform in India, announced it has secured an undisclosed amount in seed funding. The funding is led by Loyal VC, a Canada-based global venture fund with 220+ investments across 50+ countries. Funds will be primarily utilized to strengthen and accelerate its unified hybrid workplace solution – WorqFlexi, a statement said. “GoFloaters…
Cepton, Inc. (Cepton), a Silicon Valley innovator and leader in high performance lidar solutions, announced that it has entered into a binding investment agreement dated October 27, 2022 (Investment Agreement) for a $100 million investment from its long-term automotive Tier 1 partner and current shareholder, Koito Manufacturing Co., Ltd. As previously reported, the investment will be…
Infor, the industry cloud company, announced the appointment of Terry Smagh as senior vice president and general manager for Asia Pacific and Japan. Based in Singapore, Smagh will be responsible for growing Infor’s business and driving customer success across key markets in the region, including Australia and New Zealand, Greater China, Japan, India, Southeast Asia…
FSN E-Commerce Ventures Ltd (NYKAA) announces the appointment of Rajesh Uppalapati as their new Chief Technology Officer (CTO) to strengthen Nykaa’s position as a best-in-class consumer technology platform. Over a decade, Nykaa has carved a niche for itself by creating a seamless, omnichannel experience backed by latest and robust technological capabilities and this new, strategic…