The US-based specialised technology services provider Wissen Technology has further expanded its presence in India by setting up a new Centre of Excellence in Bangalore to cater to its BFSI clientele. This new facility, coming up in Kadubeesanahalli, Outer Ring Road, is Wissen Technology’s third office in Bangalore and sixth in the country, according to…
Diligent Media Corporation Limited announced the appointment of Mukesh Jindal as Additional Director of the company, effective October 26, 2021. Mukesh is a Graduate from Kurukshetra University, Hisar, Haryana. He is an industry veteran with experience over 25 years spanning in Digital Media. He has held various key positions over 2 decades in the group.…
Quantum Machines, creator of the universal quantum computing cloud infrastructure, has announced an investment from Qualcomm Ventures LLC. The investment in Quantum Machines is the first by Qualcomm Ventures in the Quantum Computing space and is an extension of the company’s Series B round announced earlier this year. Qualcomm Ventures invests in companies focused on…
DeHaat, India’s agritech platform offering end-to-end agricultural services to farmers, has announced that it has raised US $115 million in Series D funding, led by Belgium-based investment firm Sofina and Lightrock India. Temasek co-invested in the round with participation from existing investors Prosus, RTP Global, Sequoia Capital India and FMO. Dexter Capital and Vertices Partners…
HDFC Bank, Mastercard, U.S. International Development Finance Corporation (DFC), and U.S. Agency for International Development (USAID), has launched a $100 million credit facility to promote and encourage small businesses in India to digitize, while also helping Indian businesses, particularly those that are women-owned, to recover from the economic impacts of the pandemic, according to a…
Zolve, a neobank enabling global access to financial services, has announced the closing of $40 million in Series A funding. The round was led by Partners of DST Global, who have previously led rounds in many prominent global fintechs such as Robinhood, Nubank, Chime, Revolut, and Wealthsimple. The round also recorded participation from Tiger Global.…
Sipher, a gaming studio that pioneers blockchain technology, has announced the closure of its $6.8 million seed round, co-led by Arrington Capital,Hashed and Konvoy Ventures. The funding will be used to accelerate the development of its upcoming World of Sipheria game and continue to build the tools needed to create gaming experiences based on blockchain…
Wipro Limited, a global information technology, consulting and business process services company, is partnering with Micro Focus to launch the Legacy Migration and Modernisation Lab collaborating with Amazon Web Services (AWS). “We are excited to collaborate with AWS and Micro Focus to launch this lab and enable our customers who continue to rely on legacy…
NFT-focused social platform Hyy.pe has announced that it has secured $2 million in the Elevation Capital led funding round. The round also saw participation from angel investors including founders of Bankless – Ryan Adams and David Hoffman; Santiago Roel Santos from Ro Capital, Co-founder of DraftKings – Matt Kalish, Head of Crypto, Visa – Cuy…
4baseCare, a precision oncology company in India, has announced a collaboration with Cellworks Group, Inc., a US-based company. As a part of this association, the organisations will further their capabilities in personalised cancer care and treatment strategy based on advanced clinical insights through genomics-based molecular profiling and biosimulation, according to a statement. Speaking on the…
Anomaly, a precision payments platform using artificial intelligence (AI) to improve payment accuracy in the healthcare industry, has announced $17 million in series A and seed funding. The series A was led by RRE Ventures and included participation from Link Ventures and existing investors Madrona Venture Group, Declaration Partners, and Redesign Health. “Overpayments, billing errors,…
PerkinElmer Inc. has announced that it is collaborating with GenWorks Health to be the exclusive distributor of solutions in the PerkinElmer newborn and prenatal screening portfolio. This association will help provide better access to reproductive health solutions across India, particularly within private hospitals and clinics, according to a statement. Shripad Joshi, president, PerkinElmer India &…
Today, The Estée Lauder Companies has announced that after 27 years with the company, Cedric Prouvé, Group President, International, has made the decision to retire effective June 30, 2022. “In a rapidly-changing industry, Cedric’s strategic vision, inspiring leadership style and unique team-building abilities have been integral to the success of ELC’s International business, and we…
Trentar has announced the acquisition of 75 percent Stake in Drones Propulsion System’s Startup – Trishula. Trentar had recently acquired GarudaUAV, a Drone based services and platform company and also launched the Drone Manufacturing Division with its own VTOL UAV due for release early 2022. Mr. Subodh Menon, Founder, Trentar, expressed, “Completely Indigenous UAV is…
UTI Asset Management Company Limited (UTI AMC) has appointed Anurag Mittal as Executive Vice President and the Deputy Head – Fixed Income for its mutual fund operations with effect from October 25, 2021. Regarding the appointment, Imtaiyazur Rahman, Chief Executive Officer, UTI AMC said “We are very pleased that Mr. Anurag Mittal is joining the…