SeQuent Scientific Limited (SeQuent), having businesses in animal health sector through its principal operating company “Alivira Animal Health Ltd.” (Alivira), has completed consolidation of its Brazilian operations by increasing its shareholding in Evance Group to 100% for an effective consideration of Rs. 446 million. Since acquisition by Alivira in 2016, Evance Group has grown at…
M2P Fintech, an API infrastructure company, announced the appointment of Sanjoy Bose as President – Global Market Expansion and Abhishek Arun as President – Platform Strategy and Commercialisation. Sanjoy, as President, Global Market Expansion will focus on International Markets with specific focus on ASEAN region, as the company is looking to expand aggressively in the coming…
Meta announced that Tony Xu, co-founder and CEO of DoorDash, Inc., has been elected to the company’s board of directors, effective immediately. Mark Zuckerberg, founder and CEO of Meta, said, “Tony has built a great service for millions of people to get food and more from hundreds of thousands of restaurants and small businesses. I’ve always…
Healthcare Triangle Inc., (HCTI) a provider of cloud and data transformation platform and solutions for healthcare and life sciences, announced the appointment of Sanjay Dalwani as Chief Revenue Officer. He will report to Suresh Venkatachari, CEO. In this new role, Dalwani will be responsible for HCTI’s revenue growth & go-to-market strategy, sales execution, capability &…
Fintech startup IppoPay announced it has raised $2.1 million in Seed funding from Coinbase Ventures, Better Capital, Blume Founders Fund, and a number of high-profile angel investors. Founded in November 2020, the IppoPay has enabled 50,000 offline merchants and daily income earners in the Indian Tier 2, Tier 3, and rural market to increase their revenues through…
Algorithmic Biologics Pvt Ltd. (ABPL), a deep-tech startup building algorithms for molecular programming, announced that it has received an undisclosed amount of seed funding from Axilor Lab. Axilor Labs is a venture curation initiative by Axilor to accelerate commercial success of transformative ideas around global challenges facing human health and wellness. They aim to support…
RattanIndia Enterprises (REL), a company that is building businesses in new-age sectors including electric motorcycles, drone solutions and fintech announced that it has operationalized its e-commerce foray by approving an investment of Rs. 350 crore in its wholly owned subsidiary Cocoblu Retail Limited (Cocoblu). Cocoblu will be partnering with several big and small brands in…
Sanctum Wealth has announced the appointment of Manish Jeloka as its Co-head of Products & Solutions where he will oversee the equities and derivatives broking, fixed income and structured products, and real estate platforms, amongst other specialist services. Shiv Gupta – CEO – Sanctum Wealth, said, “We are very pleased to welcome Manish to the…
True North announced the signing of a definitive agreement to sell its entire stake in Actify Data Labs, a greenfield data-driven analytics company, to Voxco, a global omni-channel survey platform. Headquartered in Bengaluru, Actify Data Labs is an augmented intelligence company that delivers rapid business impact using data science and data engineering capabilities. The company…
Benhamou Global Ventures (BGV), a Silicon Valley-based venture capital (VC) firm, announced the appointment of Sai Sood, the former lead Controller at Sapphire Ventures, as Chief Financial Officer. Patrick Nicolet, the former CTO and Executive Board Member of Capgemini, joined its investment team as an Operating Partner. At $110M, and 60% larger than its predecessor fund,…
FloBiz, a Bengaluru-based SMB neobank, announced the appointment of Rabi Agrawal as Head, Human Resources. In the last 12 months, the FloBiz team has grown 300% in size and Rabi will assume charge of the talent acquisition, management and people operations for the organisation, the company said in its statement. With an illustrious career spanning…
Larsen & Toubro Infotech, a global technology consulting and digital solutions company, announced it has partnered with Securonix, a leader in next-gen Security Information and Event Management (SIEM) company, and Snowflake, a leader in secure cloud workload to strengthen its cybersecurity offerings. The partnership will power LTI’s Active eXtended Detection & Response platform (Active XDR)…
Aurobindo Pharma Limited (Aurobindo) announced that its subsidiary CuraTeQ Biologics Pvt Ltd. (CuraTeQ) has expanded the scope of its marketing and distribution agreement with Orion Corporation (Orion) to commercialize its biosimilars pipeline to include the Baltic states in Europe. Earlier in 2020, CuraTeQ and Orion had entered into a licensing agreement, granting marketing and distribution…
Sapphire Foods India Limited, one of the largest franchisees of Yum! Brands Inc. in the Indian subcontinent, announced the appointments of Vinod Nambiar and Paul Robine to its Board of Directors, effective January 10, 2022. According to the company’s exchange filing, “we wish to inform that the Board of Directors of Sapphire Foods India Limited…
Qraft Technologies, Inc. (Qraft), an Artificial Intelligence (AI)-based fintech company, announced that it has closed an investment of $146 million from SoftBank Group Corp, which includes primary development capital and secondary capital that will be used to finance the purchase of shares by investors. The proposed transaction is expected to accelerate Qraft’s current expansions in the…