Mastree, an Unacademy-backed online education platform that offers English Communications and Mathematics programs for children, has collaborated with Kalki Koechlin to design and introduce storytelling-driven English communications program for kids from KG – Grade 8 (ages 3.5 to 14 years). Commenting on the association, Abhilash Rao, Vice President, Business, Mastree said, “We are chuffed to collaborate with the…
LIC Housing Finance, one of the largest Housing Finance companies in India, announced that Siddhartha Mohanty has resigned as MD & CEO of the company, effective from 01 February, 2021. He is succeeded by Y Viswanatha Gowd as new CEO & MD. “This is to inform you that Shri Siddhartha Mohanty, MD & CEO, has…
Wipro Limited, a global information technology, consulting and business process services company, announced that it has been recognized by the Top Employers Institute as a Top Employer in Brazil, for 2021. The Top Employers Institute program certifies organizations based on their HR Best Practices Survey covering six Human Resources domains consisting of 20 topics such…
Ford India said that Anurag Mehrotra has returned as the Managing Director and President of the company. Mehrotra succeeded Bala Radhakrishnan, the acting president and MD of Ford India Pvt (FIPL). Radhakrishnan will resume the role of Director, Manufacturing at FIPL. Recently, the US automaker decided to call off its automotive joint venture with Mahindra…
Global confectionery leader The Hershey Company, has announced the elevation of Herjit S. Bhalla to Vice President, India and Asia Pacific, Europe, Middle East and Africa (AEMEA) region, effective from January 2021. Prior to this, Bhalla was the Managing Director for India region for three years. Under Bhalla’s leadership, Hershey India launched Hershey’s Kisses in…
BEENEXT, Singapore-based early-stage venture capital firm, has appointed Hero Choudhary as Managing Partner. “Hero’s promotion from Partner to Managing Partner is part of BEENEX’s regional plan aimed to enhance support to its portfolio and help them scale their business toward the growth stage of the start-up journey, including potential IPOs in the future,” a statement made…
UiPath has closed a $750 million Series F funding round at a post-money valuation of $35 billion. The round was co-led by existing investors Alkeon Capital and Coatue. Other returning investors include Altimeter Capital, Dragoneer, IVP, Sequoia, Tiger Global, and funds and accounts advised by T. Rowe Price Associates, Inc. “UiPath is on a mission…
UiPath, a robotic process automation firm, has raised $750 million in Series F funding round at a post-money valuation of $35 billion, according to ET report. Existing investors Alkeon Capital and Coatue co-led the funding round. Last year, the startup raised $225 million in funding. Other investors that participated in the round include Altimeter Capital,…
Skylo, an end-to-end solution connecting machine and sensor data via satellite, has partnered with Beetel, a technology brand offering contemporary solutions. The two companies have partnered to rapidly scale the adoption of end-to-end Internet of Things (IoT) solutions to connect the billions of machines and remote assets in hundreds of industries across India. As part of…
Accenture has acquired Businet System, a leader in developing and operating Salesforce Commerce Cloud-based ecommerce sites in Japan, with a proprietary order management system (OMS) for the apparel and retail industries. Financial terms of the transaction were not disclosed. Businet System’s 40 employees will join Accenture Interactive in Japan, the statement said. Commenting on the…
Fetch Rewards, a US-based consumer-loyalty and retail-rewards app, announced that it has appointed Nupur Sadiwala as Chief Financial Officer. In her new role, Sadiwala will play a critical part in building out the company’s financial systems to drive business performance and will be a key contributor to the overall strategy development at Fetch. Commenting on…
NuVasive, the leader in spine technology innovation, focused on transforming spine surgery with minimally disruptive, procedurally integrated solutions, announced the appointment of Siddhartha Kadia to the Board of Directors, effective February 1, 2021. Dr. Kadia has more than 20 years of experience in the medical technology industry with expertise in globally commercializing disruptive technology. He…
Akamai Technologies, Inc., the intelligent edge platform for securing and delivering digital experiences, announced it has agreed to acquire Montreal-based Inverse. The acquisition is intended to enhance Akamai’s enterprise security capabilities and expand its portfolio of zero trust and secure access service edge solutions for IoT, the statement said. Inverse provides a robust data repository…
Cognizant has completed the previously announced acquisition of Magenic Technologies, a privately-held custom software development services company headquartered in Minneapolis, Minnesota. The acquisition expands Cognizant’s software product engineering footprint, adding 475 employees in the U.S. across seven locations, and more than 350 employees in Manila, Philippines. Working across a range of industries, Magenic provides software…
Databricks, the Data and AI company, has announced a $1 billion investment. The Series G funding, led by new investor Franklin Templeton, puts Databricks at a $28 billion post-money valuation. Franklin Templeton is joined by other new investors including Canada Pension Plan Investment Board, Fidelity Management & Research LLC, and Whale Rock, along with new strategic investors Amazon Web Services (AWS), CapitalG…