Azurity Pharmaceuticals, Inc. (Azurity) announced the closing of its acquisition of Slayback Pharma LLC (Slayback) from existing investors including KKR, a leading global investment firm, and Everstone Capital. Slayback is now a wholly-owned subsidiary of Azurity. The acquisition brings together companies with complementary strengths, enhancing Azurity’s ability to realize its purpose of Serving Overlooked Patients. The…
Infiiloom, a leading manufacturer of socks in India, has appointed Umesh Jadhav as its Chief Human Resources Officer, according to ETHRWorld report. “I’m happy to share that I’m starting a new position as Chief Human Resources Officer at Infiiloom,” Jadhav shared in a LinkedIn post. Jadhav comes with 17 years of experience in different facets…
Consumer fintech startup Bright Money secured $62 million in funding in a mix of debt and equity. The equity portion, amounting to $12 million, was led by prominent investors such as Alpha Wave, Hummingbird, and PeakXV, according to moneycontrol report. Additionally, the fintech startup raised $50 million in debt, with Encina Lender Finance leading this…
Xsolla, a global video game commerce company, announces its strategic acquisition of AcceleratXR, a provider of in-game server backend technology designed for live service games and software. The AcceleratXR platform and network engine offer robust scalability, supporting experiences across multiple platforms and devices. It functions similarly to an operating system optimized for modern interactive digital…
India’s leading home-grown OTT app ULLU, has strengthened its leadership team and appointed Avinash Dugar as its CEO. Avinash, in his career spanning over two decades, has held various leadership positions in major steel companies. He now joins the OTT platform to spearhead its growth and diversification. ULLU was founded by Vibhu Agarwal in December…
India’s leading IT services and systems integration firm CMS IT Services announced the joining of three key members at their Bangalore office thus strengthening the operations, delivery, and sales departmentof the organization. Vivek Trivedi is a part of CMS IT Services’ leadership team as the Chief Delivery Officer. With an impressive career spanning 28 years,…
Indium Software, a digital engineering services company, announced the appointment of Jagannath Bharadwaj (Jagan) as its Chief Operating Officer. Jagan joins Indium Software from Ciklum, a global product engineering and digital services company, where he incubated, nurtured and grew the company’s India delivery centres. Prior to Ciklum, Jagan spent over two decades with NASDAQ-listed, Fortune…
Dell Technologies has appointed Steve Mollenkopf as its newest independent member of the Dell Technologies board of directors, effective Sept. 27, 2023. Additionally, Simon Patterson, managing director of Silver Lake, has resigned as a member of the board of directors, effective Sept. 26, 2023. With the appointment of Mollenkopf, the Dell Technologies board of directors now seats eight directors, six…
YES Bank announced the appointment of Manish Jain as Country Head – Wholesale Banking, with effect from September 27, 2023. According to the company’s exchange filing, “Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), we wish to inform you on the changes in SMP of the…
Leading supply chain visibility provider FourKites announced that it has opened a new Asia-Pacific headquarters in Chennai’s DLF Cybercity. The move to a more modern, compact space signals the company’s continued commitment to the hybrid work model, providing a comfortable, flexible workspace for local employees to collaborate, and empowering them to transition easily between in-person and remote…
Flow Sports Life badminton and football academy has raised an undisclosed amount in a seed round led by Inflection Point Ventures. The funds will be utilized for team expansion, operations and marketing, technology development, and infrastructure improvements, a statement said. Flow Sports Life, guided by a passionate founding team, aims to transform one million children into lifelong…
Infosys, a global leader in next-generation digital services and consulting, announced that it is collaborating with Microsoft to jointly develop industry leading solutions that leverage Infosys Topaz, Azure OpenAI Service and Azure Cognitive Services. Both organizations are bringing together their respective artificial intelligence (AI) capabilities to enhance enterprise functions with AI-enabled solutions across multiple industries. The integrated solutions will accelerate rapid…
Ajay Virmani, Managing Director, Lords Chloro Alkali Limited has been elected as the new President of Alkali Manufacturers Association of India (AMAI). Aditya A. Shriram, Dy Managing Director, DCM Shriram Ltd. has taken over as the new Vice President at the 46th Annual General Meeting of AMAI held at New Delhi. Virmani, a chartered accountant by…
Flipcarbon, a full stack business consulting firm announced the appointment of Amulya Sah as Partner – North. Amulya will be responsible for heading all of Flipcarbon’s Centers of Excellence (CoEs) in the north market. These include Startup and SME COEs viz. Fractional Chief Human Resources Officer (CHRO), Fractional Chief Financial Officer (CFO), and Fractional Chief Business…
Pilgrim, a beauty and personal care (BPC) brand, has raised $20 million in Series B round led by Vertex Ventures Southeast Asia and India (VVSEAI), according to moneycontrol report. Existing investors Fireside Ventures & Narotam Sekhsaria Family Office, also participated in the round, the company said. The startup, which claims to be adding 5 lakh…