Chennai-based cloud manufacturing startup Frigate raises 175K USD in an oversubscribed pre-seed round from strategic investors. These include names like Vel Kanniappan, Angel Investor, Srinath Ramakkrushnan, Founder of Zetwerk, Abhishek Raj Pandey, Head of Sourcing and Procurement, Mamaearth, Vijay Pravin Maharajan of Bitscrunch, Prabhu Sengodan of SPK groups, Founders of M2P Fintech, Mohan and Jaikumar…
IDBI Bank Limited announced the appointment of Manoj Sahay, Joint Secretary & Financial Advisor, Government of India, Ministry of Finance, Department of Expenditure, and Sushil Kumar Singh, Director, Government of India, Ministry of Finance, Department of Financial Service, as Directors on the bank’s board. According to the Bank’s exchange filing, “This is to advise that,…
Accenture has been recognized as a top 10 Great Place to Work for 2022 in six countries, including Argentina, Brazil, France, Japan, the Philippines and the United States, and has also been recognized in Greater China. Specifically, on today’s US list, Accenture jumped 38 spots to rank #6. Overall, this is the 14th consecutive year that Accenture has…
Visa Inc. announced that Teri List has been appointed to its board of directors, effective April 11, 2022. List was executive vice president and chief financial officer of Gap Inc. from January 2017 until March 2020, and served as an advisor until June 2020. Prior to joining Gap Inc., she has served in various senior…
Cyient, a global Technology Solutions company, has been named a Major Contender in the first edition of Everest Group’s PEAK Matrix for Digital Product Engineering Service Provider 2022. The report identifies Cyient as a leading service provider with strong capabilities and market success across multiple engineering domains. The recognition reiterates Cyient’s Integrated Digital Solutions leadership…
growx, an early-stage investor in the B2B sector specializing in deep-tech and emerging technology, announced the appointment of Srishti Dhir as a Chief Finance Officer at growx Ventures Management Pvt Ltd. She brings rich, deep experience from the finance industry, entrepreneurship and business execution, a statement said. Srishti is the founder of a digitally-led Real…
Australian and US MedTech start-up Nutromics, a global leader in DNA-based biosensors, announced that Dr Agim Beshiri, most recently Senior Medical Director at Abbott Laboratories, has joined the organisation as its inaugural Chief Medical Officer (CMO). Dr Beshiri is an accomplished senior medical device executive with special expertise in developing and implementing diagnostics research for biomarkers…
Pitti Engineering Limited announced the re-appointment of Sharad B Pitti as Chairman and Managing Director of the company, with effect from May 1, 2022. Also, Akshay S Pitti, Vice Chairman and Managing Director of the company, has been appointed interim Chief Financial Officer of the company. Akshay S Pitti succeeds N K Khandelwal, who has…
Quantum Metric, the pioneer in Continuous Product Design (CPD), announced that Kartik Chandrayana will serve as its Chief Product Officer. Kartik is based in San Francisco and will report directly to Quantum Metric CEO and founder, Mario Ciabarra. Kartik brings 15 years of experience in product development, working on products from ideation to scale with his startup and…
Wipro Limited, a global information technology, consulting, and business process services company, announced that it has acquired Convergence Acceleration Solutions, LLC (CAS Group), a U.S.-based consulting and program management company that specializes in driving large-scale business and technology transformation for Fortune 100 communications service providers. CAS Group’s deep-rooted client relationships and strong domain expertise, combined…
KKR, a global investment firm, and Shriram General Insurance Company, a general insurance company backed by Indian financial services conglomerate Shriram Group and pan-African financial services group Sanlam, announced the signing of definitive agreements under which, subject to the receipt of the necessary regulatory approvals, KKR will acquire a 9.99% stake in Shriram General Insurance. KKR’s investment will position Shriram…
EarlySalary, a consumer lending platform for young professionals, announced the onboarding of Amol Maheshwari as Chief Distribution Officer. Amol will head an arm that focuses on driving strategic alliances across corporates through HRMS, Insuretech and Healthtech, a statement said. Amol Maheshwari is a senior industry leader with over 18 years of experience across healthcare, BFSI, and…
Minda Industries Limited announced the appointment of Satish Balkrishna Borwankar as an Additional Director on the company’s Board of Directors, with effect from April 12, 2022. According to the company’s exchange filing, “we wish to inform you thilt on the rccommcnd.ition of Nomination and Remuneration Committee, the Board of Directors of the Company approved the…
Healthcare startup Medfin has raised $15 million in Series B funding from a group of investors including Arka Nxt, HealthXCapital (Singapore), Blume Ventures, Axilor Ventures, Sony and Kotak Investments. The startup plans to utilise the funds to expand its reach to over 25 cities across India. It would invest in R&D, Technology, Process and People,…
Astron Paper & Board Mill Limited, a manufacturer of recycled corrugated paper, announced the appointment of Amit Mundra as Chief Financial Officer of the company, with effect from April 11, 2022. Vashishath Raval, existing CFO, has been named General Manager – Finance & Accounts, effective April 11, 2022. According to the company’s exchange filing, “this…