Royal Enfield, the global leader in the mid-size motorcycle segment, announced commencement of operations of its exclusive Local Assembly Unit and CKD facility in Thailand, one of the world’s largest automobile manufacturing hubs. Set up in partnership with GPX, this announcement is a significant boost to the company’s business in South-East Asia, and further reiterates…
GetWork – a SaaS-based HRTech and EdTech platform has recently announced the expansion of its Technology, Marketing, Sales and Operations team. With the new hiring, the company’s headcount has reached 30 full-time employees and 12 associates with a hiring rate of 20 employees per month, the statement said. Commenting on the hiring spree, Rahul Veerwal,…
PMC Fincorp Limited announced the appointments of Abhay Kumar and Prabhat Modi to its Board of Directors, effective November 24, 2021. According to the company’s exchange filing, “we hereby inform you that the Board of Directors of the Company, by passing resolution(s) by circulation have appointed Sh. Abhay Kumar, as an Additional Director (Non- Executive…
CoreStack, a global multi-cloud governance SaaS provider, has announced a $30 million Series B funding round led by Avatar Growth Capital, with continued participation from Dallas Venture Capital (DVC), Iron Pillar, and other angel investors. This brings CoreStack’s total funding to $45 million, following its Series A in March 2020. According to a statement, the…
Electric vehicle startup, based in Bengaluru, Simple Energy has announced that the startup has secured $21 million in its pre-series funding round. An official statement said, “this investment will be utilised to increase manufacturing capacity, accelerate new product development, and expand experience centres, consequently bolstering the company’s expansion plans.” Speaking on the announcement, Suhas Rajkumar,…
Capri Global Capital Limited (CGCL), a Non-Banking Financial Company (NBFC), has entered into a Co-Lending agreement with the Union Bank of India (UBI) to offer MSMEs loans. Through this collaboration, CGCL and UBI aim to disburse MSME loans across 100+ touch points pan India. The loan disbursement under this arrangement would commence from December 2021.…
Tanla Platforms Limited, a global cloud communications company, announced it has been recognized in the Gartner’s “2021 Competitive Landscape for Communications Platform as a Service” (CPaaS). Latest Gartner report on the CPaaS competitive landscape has reviewed and recognized 8 vendors in the global CPaaS market that vary in scale and scope but offer a wide…
Equisoft, a global digital solutions provider to the financial industry, has announced the appointment of Emilio B. Imbriglio (FCPA, FCA, MBA, ICD.D, CFE) as Chairman of the Board. Mr. Imbriglio has been President and CEO of Raymond Chabot Grant Thornton (RCGT) since 2013, working with his team of more than 2,800 professionals in over 100…
Park+ has announced that the platform has raised $25 million in the latest series B funding round led by Sequoia Capital India, Epiq Capital and Matrix Partners India. The round also saw participation from AdvantEdge, Fund II as well as Motherson Lease Solution Limited. Speaking on the annoucement, Amit Lakhotia, Founder and CEO of Park+,…
Welspun One Logistics Parks (WOLP), a pan-India integrated fund, development, and asset management platform, part of the USD 3.5 billion Welspun Group, has signed a Memorandum of Understanding (MoU) with Guidance – the Government of Tamil Nadu’s nodal agency, for investment promotion and single window facilitation. A statement informed, “This is towards setting up warehousing…
Infomo Global Ltd. has announced a strategic merger with Indian ad-tech platform – TorcAI to enable its alliance partners to offer an integrated ecosystem that addresses the emerging needs of large publishers, publisher consortiums, telecom carriers, agencies, and brands across the vast global marketplace, according to a statement. Welcoming the merger, Infomo’s MD and Group…
Zenwork, a provider of digital tax compliance and regulatory reporting fintech SaaS platform for businesses everywhere, has successfully raised over INR 1200 Crores from Spectrum Equity, a growth equity firm focused on internet-enabled software and information services companies. According to a statement, “The investment will enable Zenwork, operating the brands Tax1099 and Compliancely, to accelerate…
Payhawk, the payments and expense solution with offices in London, Sofia, Berlin and Barcelona, has raised $112 million just three years after its inception, valuing the company at $570m. The Series B round is led by the San Francisco-based investor Greenoaks, who has a track record of investing in technology companies such as Gorillas, Robinhood,…
Shield-IoT, a mass-scale IoT and IIoT network cyber security and operational monitoring platform, has announced the closing of a $7.4 million Series A round of funding. The Series A round was led by NextLeap Ventures and Bloc Ventures, with the participation of Atlas Ventures, Akamai Technologies, Springtide Ventures, DIVEdigital, and Janvest Capital Partners. Founded in…
Kapture CRM, a homegrown customer support automation platform, has appointed Ashish Mittal as VP – Customer Success. Ashish’s new role will entail assisting Kapture in developing a stronger relationship with their customers. Ashish has 15 years of experience and has worked with companies in a variety of industries, including Sensio enterprises (a deep-tech startup), Freedom…