Edtech platform based in Gurugram Questt has announced that it has secured $6.75 million in the latest series A funding round co-led by Premji Invest and Celesta Capital. Existing investors AET Fund, First Cheque, Titan Capital, MarsShot Ventures, along with Chiratae Ventures. Speaking on the announcement, Akhil Singh, co-founder of Questt, commented, “As our nation…
Electric, the provider of IT technology for small and medium-sized businesses, has announced that it has raised $90M in Series D funding. Existing investor GGV Capital is leading the round, with participation from existing investors Bessemer Venture Partners, Primary Venture Partners, Greenspring Associates, 01 Advisors, Atreides Management, Vintage Investment Partners and Slack, bringing Electric’s total…
Bites, a game-changing player in the employee communications and training industry, has announced the completion of their seed funding round, raising $5M. The funding round was led by Vertex Ventures Israel, a Israeli venture capital firm. Surround Ventures, a US-Israeli VC specializing in early-stage media and eCommerce startups, Oryzn Capital, an Israeli venture focused on…
Volante Technologies, the global cloud payments and financial messaging platform, has announced it received USD 10M in growth funding from Wells Fargo Strategic Capital, bringing the total institutional investment to date to USD 45M. “While innovation has accelerated in customer-facing fintech applications, legacy core payments infrastructure has been slower to adopt new technologies due to…
STL, an industry integrator of digital networks, has reported a 30% YoY revenue growth in its financial results for the second quarter ended September 30, 2021. STL has recorded Rs 15.08 billion in revenues with ~43% coming in from the EMEA region and ~12% from Americas, demonstrating increased global traction for its integrated digital network…
Mindtree, a digital transformation and technology services company, has announced that it has been selected as a strategic partner by Western Asset, an active fixed-income investment managers, to help drive innovation and differentiated experiences for the company’s global investors. Mindtree will initially partner with the Western Asset team on their IT infrastructure and application portfolio,…
Arthur J. Gallagher & Co. has announced that it has completed its acquisition of Mumbai, India-based Edelweiss Gallagher Insurance Brokers Limited. Headquartered in Mumbai, with branches in Delhi, Kolkata and Bangalore, Edelweiss Gallagher Insurance Brokers Limited is an insurance/reinsurance broker offering general insurance solutions to clients across India within four business lines – corporate, affinity…
ConveGenius has raised $5M USD in Venture Capital funding to grow its conversational AI platform in India and South-East Asian markets. With this round of funding, Convegenius.AI aims to expand its products on Whatsapp ecosystem and other Conversational AI based channels beyond EdTech, to service more customers across different verticals and allow developers to launch…
Engineering education startup Skill-Lync has announced the appointment of Dr. Amod as the Director of Curriculum & Applications. Previously, Dr. Amod was an Application Engineering Manager at MathWorks, where he led a diverse group of engineers spanning multiple technical areas including AI, autonomous systems, model-based design, signal processing, VLSI, and wireless. A senior member of…
Adrenalin eSystems Ltd, a group company of Intellect Design Arena Ltd and a specialist in open HR tech platform, has announced the appointment of Srinivasa Bharathy as its new Managing Director and Chief Executive Officer. Bharathy will be taking over from Sridhar Ganesh. In his working experience of 30 years, Bharathy has held senior positions…
Global workplace expert Unispace has appointed Paul Baxter as its new Chief Executive Officer for Asia to further strengthen its senior leadership team in the region. The appointment comes on the back of Unispace’s robust business momentum in Asia, especially as businesses across the region are navigating new workplace expectations amid the post-pandemic recovery, the statement said. In his new…
OnePlus, the global technology brand, announced the promotion of its Vice President, Chief Strategy Officer and Head of Sales in India, Navnit Nakra, as the OnePlus India CEO and Head of the OnePlus India region. As part of this new senior leadership role, Nakra will spearhead the company’s business operations and overall strategy for the India region,…
Clayton, Dubilier & Rice and PwC have announced an agreement under which CD&R funds will acquire PwC’s Global Mobility Tax and Immigration Services business. “We are excited for the opportunity to become a free-standing organization and partner with CD&R to build on our market leadership and drive more value for clients,” said Peter Clarke, Global…
Insilico Medicine, an end-to-end AI-powered drug discovery company, has announced the appointment of Dr. Michelle Chen to the company’s position of Chief Business Officer. In this role, Dr. Chen will oversee the company’s corporate strategies and business development activities. Dr. Chen brings more than 20 years of extensive experience in both biopharma and technology industries.…
Yokogawa Electric Corporation and Web Synergies (S) Pte. Ltd have announced that Yokogawa Electric has invested in Web Synergies, a Singapore-based company that provides IT and operational technology (OT) / IT solutions. Yokogawa and Web Synergies have been collaborating on solutions and services for internal and external digital transformation (DX) engagements for more than ten…