In the present times when the entire country is observing lockdown due to the coronavirus pandemic, companies are coming up with creative ideas to engage people by collaborating with them through initiatives and programs. Such measures will also help companies to discover great talents and the winner will be awarded or given an opportunity for…
Qualcomm Inc announced the appointment of Heather Ace as executive vice president of human resources. She will join Qualcomm’s executive committee and report to Qualcomm CEO, Steven Mollenkopf. Michelle Sterling, executive vice president of human resources who has worked at Qualcomm for 25 years, is retiring. Prior to this role, she had served as the…
E-retailer BigBasket has secured $50 million from its existing investor Alibaba as part of a bridge round, two people in the know said, as per a media report. A bridge round is an intermediate funding meant to cover short-term expenses as the company looks for a larger investment cheque. The funding comes at a time…
Jupiter, the digital banking startup founded by former PayU India managing director Jitendra Gupta, announced it has raised an additional $2 million (Rs 15.2 crore) in a top-up funding round led by British venture capital firm Hummingbird Ventures and US-based Bedrock Capital. Recently, the company raised $24 million in a seed round from a number…
Vedantu, a Bengaluru-based LIVE online learning platform that enables personalized learning, announced it has raised $12.5 million (Rs 96 crore) Series C1 funding led by Chinese venture capital firm Legend Capital, with participation from Omidyar’s Ohana Holdings LLC. While Legend Capital pumped in close to Rs 74 crore, Omidyar pumped in Rs 22.1 crore. In…
Zupee, a Gurugram-based real money gaming platform, announced it has raised $8 million Series A funding led by Matrix Partners India. Other investors that took part in the funding round include Falcon Edge Capital, WestCap Group, Orios Venture Partners and Zupee’s early stage investor Smile Group. The company will use the funds to increase the…
We all have been trying to work out the plans for our work life post lockdown. Businesses and business managers have been planning their next course of action – to take stock of damage inflicted, to work out their manpower strategy, etc. and to re-calibrate their work related processes once normal work life resumes. Those…
London-based venture capital firm Blossom Capital has recently announced its plan to launch an angel investment program called “Cultivate” to support 20 European startups at seed and pre-seed stage. The Ophelia Brown-led VC firm will bring together Europe’s next-generation of ambitious founders with established unicorn pioneers such as Des Traynor (Intercom), Guillaume Pousaz (Checkout.com), Nilan…
The novel coronavirus outbreak has put brakes on the global economy. The once highly interconnected world has now imposed travel bans and countries have gone into a lockdown. Businesses are closed and employees are now asked to work from home. But the remote working concept is only limited to certain kinds of jobs. The manufacturing…
Britannia Industries, an Indian food-products corporation, announced it has partnered with Dunzo, an online delivery platform, to deliver its range of biscuits, croissants, ghee, and dairy whitener, among others to its consumers. The company has launched a Britannia Essentials store that will be available for users of the Dunzo app. The first batch of deliveries…
Wendy Clark to join Dentsu Aegis Network as its new global Chief Executive, effective September. Prior to this, she was the president and chief executive of DDB Worldwide. In a media statement, DAN said the appointment will bolster its ambitions to be seen by clients as “data-driven, tech-enabled and ideas-led”, and build on a recent…
Willow Biosciences Inc. announces changes to its management team with the promotion of Dr. Chris Savile to Chief Operations Officer and the departure of Dr. Peter Facchini, Chief Scientific Officer, and Dr. Jill Hagel, Vice President, Applied Science, effective immediately. “Chris’ extensive scientific knowledge and proven business acumen will be a valuable addition to our…
Bigfinite, Inc., the leading manufacturing data analytics platform company for regulated industries, announced that John Vitalie has been named Chief Executive Officer (CEO) and has been elected to the Board of Directors. David Merino has been named Chief Financial Officer (CFO) of Bigfinite. Other recent additions to the Bigfinite leadership team include Crystal Black, VP…
Coronavirus pandemic has put the entire planet under lockdown leading to shutdown of operations across industries. The shutdown has left hundreds and thousands of daily wage workers or temporary/contractual workers unemployed in these times. They are the ones who are struggling to make ends meet. In order to help them sustain under lockdown, Sony Pictures…
The coronavirus pandemic has hit the global economy worse than the 2008 financial crisis. Industry experts predict that the impact of the pandemic will last longer than a year. Some industry bodies are also estimating that the pandemic would cost upto 2.5mn jobs globally. Worst-hit among all sectors of the economy, is the small scale…