Indiabulls Real Estate Limited, announced that it has successfully completed a capital raise of ₹8.65 billion (US$ 114 million) at ₹101.10 per equity share through Qualified Institutional Placement. Trading of these shares will commence today ie April 18, 2022, on NSE and BSE. The fund-raising committee of the Board of Directors of the Company approved…
KKR, a global investment firm, announced the appointment of Pamela Alexander as Managing Director and Head of Corporate Citizenship, effective immediately. Based in New York, Alexander will oversee the development and execution of KKR’s corporate citizenship and strategic philanthropy programs globally and will also serve as a resource on citizenship to KKR’s portfolio companies, the…
Rapido, a bike-taxi aggregator, announced it has raised about $180 million in Series D funding round from Swiggy. WestBridge, TVS Motor, Nexus Ventures and Shell Ventures also participated in the funding round. The startup will utilise the funds to bolster its technology and strengthen its teams across diverse sets of capabilities, increase overall supply to…
IndiaMART, a B2B marketplace, via its wholly owned subsidiary Tradezeal Online Private Limited, has made an investment of approximately INR 7.5 Crores to purchase compulsorily convertible debentures (CCDs) of Truckhall Private Limited (Superprocure). Superprocure is a SaaS platform that digitizes the entire freight sourcing and dispatch monitoring system of the logistics department of an organization.…
The Board of Directors (Board) of InterGlobe Aviation Limited (IndiGo) is delighted to announce the appointment of Vikram Singh Mehta and Air Chief Marshal B. S. Dhanoa (Retd.) as the Independent Non-Executive Directors, subject to receipt of security clearance from the Ministry of Civil Aviation (MoCA) and approval of the Members of the Company. Vikram…
Microsoft India has appointed Amrita Thapar as its new Chief Marketing Officer. Prior to this, Thapar served Amazon Web Services (AWS) as India communications lead. Prior to that, Thapar was the vice president – corporate communications and content marketing at Genpact. Her stint with Genpact lasted more than 13 years. She has also worked for…
Nikola Corporation, a zero-emissions transportation and energy infrastructure solutions company, announced that Sophia Jin will be completing her three-year term on Nikola’s Board of Directors and will be retiring from the Board after this year’s annual meeting in June. Jin has been a valued member, serving on the Board’s audit committee during that time, a statement said.…
Tata Power and BlackRock Real Assets-led consortium, including Mubadala Investment Company (Mubadala), have entered into a binding agreement to invest in Tata Power’s renewable energy subsidiary, Tata Power Renewable Energy Limited (Tata Power Renewables). BlackRock Real Assets, together with Mubadala, shall invest ₹ 4,000 crore (~US$ 525 million) by way of equity / compulsorily convertible…
India Pulses and Grains Association (IPGA), the apex body for India’s pulses trade and industry, announced the appointment of Bimal Kothari as the new Chairman with immediate effect while Jitu Bheda steps down as the current chairman. Bheda was appointed the Chairman of IPGA on 25th April 2018. Bimal Kothari takes over as the third chairman of…
INEOS Styrolution India Limited announced the appointment of Sandra Martyres to its Board of Directors, effective May 16, 2022. According to the company’s exchange filing, “Due to the vacancy caused by completion of Ms. Ryna Karani as an Independent Woman Director, the Board has appointed Ms. Sandra Martyres (DIN: 00798406) as an Additional Director and…
Ayekart, a fintech company that strengthens traditional businesses and agricultural value chain financially, appoints Amit Singh as President – Advocacy and Entrepreneurship Development. At Ayekart, Singh will be steering the advocacy and entrepreneurship development team who empower the traditional businesses, a statement said. Elaborating on his role, Amit Singh, President – Advocacy and Entrepreneurship Development, Ayekart said, “My vision…
Uniphore, a Conversational Automation company, announced that it has acquired Colabo, an AI-powered knowledge automation solution that specializes in extracting and utilizing information from structured and unstructured documents in real time. Today, Intelligent Virtual Assistants (IVAs) and human agents have access to legacy knowledge management systems not connected to enterprise applications, thus frequently losing value over time…
ITILITE, a SaaS-based travel and expense management platform, announced its $29 Million Series C fundraise led by Tiger Global and Dharana Capital along with participation from existing investor Matrix Partners India and Tenacity Ventures. Despite adverse market conditions, ITILITE has seen 5x growth since its Series B round in 2020, as companies worldwide are rapidly…
JayKay Enterprises Limited announced the appointment of Sanjay Jain as Chief Financial Officer of the company, with effect from May 1, 2022. According to the company’s exchange filing, “we would like to inform you that, the Board of Directors of the Company at its meeting held on April 12, 2022, have approved the appointment of…
Kahoot!, the global learning and engagement platform company, announced the appointment of Trish Sparks as the new CEO of Clever, effective May 1, 2022. Ten years after co-founding Clever, Tyler Bosmeny will step down from his current role as CEO. Under his leadership, Clever has revolutionized how schools integrate technology in the classroom. As a board member and strategic…