SatSure, a Bengaluru-based space-technology startup that builds decision insights using data from satellites for the banking and insurance sectors, has raised an undisclosed amount of equity funding led by Baring Private Equity India. SatSure will use the capital to hire more people to grow its product portfolio and increase its international business footprint, while also…
Holborn Wells, a UK-based healthcare focused company which recently established an IVD business unit in India has concluded a joint venture with SpeedBio to establish IVD manufacturing unit in India. As per a joint statement by Sudhanshu Srivastava, CEO, Holborn Wells India and Santosh Pandey, CEO, SpeedBio India, “The new venture is in line with…
Clean beauty marketplace vanity wagon has raised INR 5.5 crores in a Pre-Series A round led by Inflection Point Ventures. The round also witnessed participation from Venture Catalysts, Lotus Herbals, the existing investors – Agility Ventures (led by Mr. Dhianu Das) and a consortium of HNI’s (advised by Instarto). The funds raised will be used…
Nupur Recyclers, the metal scrap processing and recycling company, has appointed Mrs Gurjeet Kaur Awapal and Mr Bharat Bhushan Mithal, having 2 years and 40 years of experience respectively, as its new Independent Directors on Board. Mrs Gurjeet Kaur Awapal is an Associate Member of the Institute of Company Secretaries of India and has worked…
Hong Kong Science and Technology Parks Corporation (HKSTP) has announced the addition of a global Fintech unicorn, Nium, as a partner company to HKSTP’s Fintech ecosystem. According to a statement, “Nium is opening its new office at InnoCentre to leverage Hong Kong’s growing Fintech opportunities as well as the huge GBA market potential for seamless…
Abacus.AI is announcing $50M in Series C funding from Tiger Global, Coatue, Index Ventures, and Alkeon. The round was led by Tiger Global with participation from Coatue, Index Ventures, and Alkeon. With this round, the company has raised $90.3M in total funding in 30 months. Abacus.AI will use the funds from this round to further…
The Blockchain and Crypto Assets Council (BACC), a part of IAMAI whose members are crypto exchanges operating in India and are signatories of a self-regulatory code of conduct that ensures they comply with basic KYC and other regulatory guidelines, has announced the appointment of Ashish Singhal, Founder and CEO, CoinSwitch and Sumit Gupta, Co-Founder and CEO, CoinDCX,…
Infogain, a Silicon Valley-based leader in human-centered digital platform and software engineering services, announced the appointment of Anil Kaul, PhD as its Chief Artificial Intelligence (AI) Officer. He will also continue to serve as EVP – AI and Analytics at Infogain and CEO at Absolutdata, an Infogain company. Dr. Kaul will guide Infogain customers through…
Panasonic Energy India Limited, a manufacturer & supplier of dry cell batteries and lighting products, announced the appointment of Akinori Isomura as Chairman and Managing Director of the company, effective January 01, 2022. He succeeds Tadasuke Hosoya, who resigned from the position of Chairman & Managing Director, effective from December 31, 2021. According to the…
FINVASIA announced its investment in a Canada based healthcare technology company Gini Health. This acquisition furthers FINVASIA’s strategic business objectives of investing in traditional business and transforming them, the statement said. Effective immediately, all the previous investors have exited, making FINVASIA and Gini Health’s founder and CEO Gurjot Narwal key stakeholders in the company. This…
Global IT firm Mindteck Limited announced the appointment of Keyuri Singh as an Additional Director to its Board of Directors, effective October 28, 2021. According to the company’s exchange filing, “We hereby intimate that the Company has appointed Ms. Keyuri Singh as an Additional Director and is designated as a Non-Executive Director w.e.f. October 28,…
Accenture has acquired BCS Consulting, a U.K. management consultancy that delivers complex business change for financial services firms. Headquartered in London, BCS Consulting’s 250 strong team joins Accenture’s U.K. Financial Services Strategy and Consulting practice. Terms of the transaction were not disclosed. Founded in 2001, BCS Consulting drives major change programmes for the UK’s leading financial services…
GMM Pfaudler Limited announced the appointment of Aseem Joshi as Chief Executive Officer of India business, effective November 8, 2021. “With significant changes in the size, scale and complexity of the Company’s business over the last year and in line with its succession planning, Mr. Aseem Joshi has been appointed as CEO of the India…
Allied Digital Services Limited appointed Utpal Chakraborty, the Ex Head of Artificial Intelligence at Yes Bank, as Chief Digital Officer and drive Al & FinTech Initiatives. Allied has been on a success path and at the forefront of pathbreaking innovation and Al offerings to its clients worldwide. Utpal’s joining the company will give a big…
Suprajit announced it has signed a Definitive Share and Asset Purchase Agreement to acquire Light Duty Cable (LDC) business unit on October 28, 2021 with Kongsberg Automotive ASA, listed on the Oslo Stock Exchange, Norway. The LDC business unit of Kongsberg Automotive Group consists of cable business, supplying to automotive, non-automotive and 2-wheeler segments along…