BioMap, a biological computing platform enterprise, has recently completed the Series A funding round worth over a hundred million US dollars, which Legend Capital participated in. The funds will be used to for R&D and talent recruitment. BioMap is positioned as a medicine R&D platform driven by biological computing engine. It was co-founded by Robin…
SVOLT Energy Technology Co., Ltd., an EV battery manufacturer, held a B Round Financing Transaction Ceremony in Changzhou, Jiangsu on July 28, 2021. Following the completion of A Round Financing of RMB 3.5 billion ($US 538 million) at the end of February this year, the company rapidly closed this third round of market-based equity funding,…
Rajesh Nambiar joins NetRack Enclosures Pvt. Ltd. as a National Manager – Project Sales. He will be providing strategic leadership to the planning and implementation of quality-based projects within the organization with a vision to achieve excellence. “He joins NetRack with more than 20 years of experience where sales, business development, and channel management are his…
Beverage startup Chai Waale announced that it has secured financing worth Rs 5 crore from marquee angel investors. Existing investors along with new investors also participated in the funding round. The company said that the funding will promote physical and strategic expansion of Chai Waale throughout the city. Chai Waale’s angel investors include Sunil Sethia,…
McKinsey India has elevated its Senior Partner Rajat Dhawan as new managing partner after the culmination of an elaborate selection exercise that started after Gautam Kumra was appointed the firm’s Asia chairman in a recent global reshuffle, according to ET Bureau report. Dhawan will be the sixth managing partner to take the McKinsey India corner office since…
Rey, a new mental health and wellness company integrating immersive tools and digital interventions with teletherapy, announced $10 million in new funding, increasing their Series A to a total of $26 million with the round led by Optum Ventures and Oxford Sciences Innovation. The new funding will help Rey expand its consumer reach and provide more people with access…
Airtel Africa, a telecommunications and mobile money services provider, with a presence in 14 countries across Africa, announced the signing of an agreement under which Qatar Holding LLC, an affiliate of the Qatar Investment Authority (QIA), will invest $200 million in Airtel Mobile Commerce BV (AMC BV), a subsidiary of Airtel Africa plc. AMC BV is the holding company for several of Airtel Africa’s mobile money…
HCL Technologies (HCL), a global technology company, has been named one of six “leaders” in the Forrester Wave: Application Modernization and Migration Services, Q3 2021. In its report, Forrester researched, analysed and scored 14 of the most significant providers in a 26- criterion evaluation. It recognized HCL for its digital transformation offerings, including the use…
Bimaplan, an insurtech startup backed by Y-Combinator, announced it has appointed Yogesh Gupta as its Chief Business Officer. Gupta has joined the firm from Bajaj Allianz Life Insurance, where he was executive vice-president and chief financial inclusion officer. Yogesh is a qualified Chartered Accountant and comes with 2 decades of experience in the BFSI industry. He has…
Procter & Gamble (P&G) has announced the appointment of Shailesh Jejurikar as the Global COO, effective from October 1. This is in line with the change at the CEO level with Jon Moeller taking over from David Taylor. Jejurikar will report to Moeller and his successor will be announced at a later date. He currently serves as the Chief…
Allcargo Logistics has acquired a 65 per cent stake in Nordicon Group, a market leader in LCL (less-than-container-load) and rail consolidation segment in the Nordics region, for an undisclosed amount, according to PTI report. The acquisition is being executed through Allcargo Belgium, a wholly-owned subsidiary of the country’s largest integrated logistics solutions provider in the private sector.…
Stardog, an Enterprise Knowledge Graph technology platform provider, announced the appointment of data management veteran, Navin Sharma as Vice President of Product. He will report directly to CEO Kendall Clark. In his new role, Navin will provide his leadership, strategic vision, and operational expertise to the company, while driving the technical direction for Stardog’s Enterprise Knowledge Graph technology…
Rocketium, an AI-powered creative management platform, has announced that it has raised $3.2 million in its Series A funding round. Emergent Ventures, LetsVenture, Blume Ventures and 1Crowd participated in the latest funding round. The company said that the funds raised will used for expansion in the US as well as for developing a world-class product.…
LinkedIn will allow employees to opt for full-time remote work or a hybrid option as offices gradually reopen, Chief People Officer Teuila Hanson told Reuters. The updated policy, offering the flexibility to work remotely full-time or work at an office part-time, will apply to LinkedIn’s global workforce of more than 16,000 employees. “We anticipate that…
McCann Worldgroup has announced expanded roles for three of its top regional leaders. Alex Lubar, President of McCann Worldgroup Asia Pacific, has been named President of the McCann advertising agency network in North America. Ghassan Harfouche, Group CEO of the Middle East Communications Network (MCN), McCann Worldgroup’s and Interpublic Group’s partner network in the Middle East, North Africa and Turkey, will…