Yu, a consumer brand that is re-imagining consumer packaged foods with their 100% natural Instant Meal Bowls, has secured USD 1 million in its pre-Series A round. The round saw participation from Manish Choksi and Varun Vakil, part of the Asian Paints promoter group, Lalvani family, UK-based food & hospitality group; Nikhil Srivastava, Head of…
HCL Technologies (HCL), a global technology company, has been featured in Forbes’ 2021 list of the ‘World’s Best Employers’ for the second consecutive year. HCL has also emerged as the top ranked company globally in the professional services sector and one of the top five India-headquartered multinationals across all sectors, the statement said. “Receiving this influential global…
B12, an online platform for professional services firms, has announced $15.7M in funding led by Tola Capital with participation from Breyer Capital, General Catalyst, Naval Ravikant, and others. It will use the new financing to accelerate growth, recruit talent, and continue building tools that allow small service businesses to survive and thrive as they face…
SaaS Startup ProfitWheel has recently announced securing a total capital raise of USD 3 million. 50% of the total investment amount was acquired from Netcore Cloud, an acquisition, engagement and retention company and ProfitWheel co-founder, Vivek Bhargava. The remaining 50% of ProfitWheel’s investment is from over 15 Indian business leaders who have invested the remaining…
Uptake has announced the appointment of U.S. Army Brigadier General (Retired) Leo A. Brooks Jr. as an advisor. Brooks will provide strategic leadership on the deployment of Industrial AI and Analytics. “We’re honored to welcome General Brooks. In his twenty-seven years of distinguished service to our nation, he built and led integrated operations across the…
Iyuno-SDI Group, a global localization and media services partner to the world’s content producers and distributors, has announced its investment in UK-based technology provider, Ortana Media Group. Financial terms were not disclosed. Founded in 2012 by CEO James Gibson, Ortana has established a market presence in Australia, Europe, New Zealand, South Asia, North America and…
Union Bank of India announced the appointment of Rajneesh Karnatak as the Executive Director of the bank, effective Oct 21, 2021. According to the bank’s exchange filing, “we wish to inform you that the Central Government vide notification no. eF.No. 4/2/2021-B0.l dated October 24, 2021 has appointed Shri Rajneesh Karnatak, Chief General Manager, Punjab National…
Biotechnology firm Biocon Limited announced the appointment of Eric Vivek Mazumdar as Non-Executive, Non-Independent Director of the company, effective November 1, 2021. According to the company’s exchange filing, “the Board at its meeting held today has approved an appointment of Dr. Eric Vivek Mazumdar as Non-Executive, Non-Independent Director of the Company effective from November 1,…
Pine Labs, a merchant commerce platform, has announced the appointment of Phanimohan Kalagara as its new CTO. Phanimohan Kalagara is a M.S. in Computer Science from Utah State University and has over two decades of experience of working with companies in the United States and India. Phanimohan has extensive experience in the field of technology…
HGC Global Communications Limited (HGC) has announced the appointment of Cliff Tam as Senior Vice President of Global Data Strategy & Operations, International Business. Working within the HGC International Business team, he will be responsible for expanding the Group’s global presence and fully-fledged services to deepen its partnerships with digital content, service and infrastructure providers.…
Sourcewiz has announced that it has raised $3M in the seed funding round led by Blume Ventures and Alpha Wave Incubation (AWI). Angel investors including Former CEO of Arvind Limited – Ravi Bhargava, Wayfair’s GM Rakshita Agrawal, and other angel investors also participated in the funding round. Speaking on the appoinment, Divyaanshu Makkar, Co-Founder and…
Ahead of the festive season, the Central government hiked Dearness Allowance (DA) instalment to the Central government employees and Dearness Relief (DR) to the pensioners by 3%, effective from July 1, 2021. The DA and DR hike announcement will benefit around 47.14 lakh Central government employees and 68.62 lakh pensioners respectively. Earlier, the Centre had…
In line with its commitment to society, The Cyient Foundation (the CSR wing of Cyient Ltd.) announces a contribution of INR 2 crores to The Asian Healthcare Foundation (AHF). This contribution will be disbursed over four years. AHF will use this grant to develop innovative healthcare solutions through its basic science and research facility associated…
Food supply platform FarMart has raised $10 million in a funding round led by Matrix Partners India. Innoven Capital as well as existing investors Omidyar Network India, Avaana Capital, and 500 Startups also participated in the funding round. Angel investors, such as Amit Lakhotia (founder, Park+), Jitendra Gupta (founder and CEO, Jupiter), KP Balaraj (ex-founder,…
Asian Paints Limited announced the appointment of Milind Sarwate as an Additional and Independent Director of the company, effective October 21, 2021. According to the company’s exchange filing, “This is to inform you that the Board of Directors at their meeting held today, based on the recommendations of the Nomination and Remuneration Committee and subject…