The Coronavirus pandemic has had a major impact on people across the globe. The pandemic has seen major corporations standing up to the need of the hour and committing funds for the fight against the pandemic. In order to show support to cause and specially to all healthcare professionals and every human being who are…
CSC, the world’s leading provider of business, legal, tax, and digital brand services, announced that it has entered into an agreement to acquire TCS-Groep, a Netherlands-based service provider for alternative investment funds (AIFs). The acquisition was first announced November 4, 2019, and was finalized with regulatory approval March 31, 2020. The acquisition of TCS extends…
As the world battles with the coronavirus pandemic, several business leaders and organizations have come in support of the governments to help them combat the deadly virus effectively. Companies across the globe have pledged funds to government relief funds and are contributing in whichever manner possible for a faster containment of the virus. Extending support…
In this global fight against the coronavirus pandemic, companies are making efforts to help provide essentials to people across regions in order to support them to stay at home when the crisis seems to worsen on a daily basis. The count of coronavirus cases across the world are rising and this is causing worries for…
MedGenome, a genomics-driven research and diagnostics company, announced it has raised $55 million in a new round of funding, led by global impact investment firm LeapFrog Investments. According to the Company’s statement: “The company’s two existing backers, Sequoia Capital and Belgian investor Sofina, have also participated in the latest round of equity financing.” The funds…
Elearning platform Lido Learning recently announced that it has raised $3mn in Series B funding from Rocket Internet founder-backed Picus Capital and Paytm President Madhur Deora. This is the Mumbai-based startup’s second fundraiser within just one year of its inception. The edtech startup had earlier raised $3mn in Series A funding round in November last…
Bengaluru-based online furniture rental and home decor services company, Furlenco, announced it has closed a $10 million debt and equity financing round, led by the company’s existing cohort of investors. Waterfield Advisors, DPNC Advisors, and Quadito acted as advisors to Furlenco. Investors that took part in the latest round include venture capital firm Lightbox, and…
Camp K12, a Gurugram-based education technology startup, announced it has raised $4 million seed funding co-led by Matrix Partners and SAIF Partners. The company has built an online tutoring platform for students in kindergarten to 12th grade, which it has rolled out in India first. The startup was initially started out as a code school,…
Kitchens Centre, a New Delhi-based cloud kitchen startup that provides ready-to-move-in, fully equipped, and compliant kitchens along with the essential technology to delivery-only restaurants, announced raising $500,000 seed funding led by AngelList India. Other investors that took part in the funding round include: Utsav Somani (Partner, AngelList India), Jake Zeller (Partner, AngelList), Jonathon Swanson (Co-founder,…
Majesco, a leading cloud and SaaS provider for insurance businesses, announced that it has completed the acquisition of InsPro Technologies Corporation, a U.S. based software leader in the life and annuity insurance market. InsPro Technologies brings an insurance administration and marketing system that supports group and individual business lines, and efficiently processes agent, direct market,…
Santen Inc., a U.S. subsidiary of Santen Pharmaceutical Co., Ltd., a global company focused exclusively on ophthalmology, announced the appointment of Tatsuya Kaihara as Corporate Officer and Head of North America Business of Santen Pharmaceutical. As of April 1, he is also appointed as CEO of Santen Inc. In his new role, he will lead…
Former Hulu executive Jason Kilar has been named at the new CEO for WarnerMedia. Jason takes over the chief’s role effective 1st May 2020. He replaces John Stankey, who will continue in his role as AT&T’s President. Jason will report to John Stankey, AT&T’s President and Chief Operating Officer. Media, entertainment and technology executive Jason Kilar, was previously the founding CEO of Hulu and SVP at Amazon.
Mercedes-Benz India, a German luxury car manufacturer, announced that it has decided to set up a temporary hospital for Covid-19 patients in Pune. The hospital will have all medical facilities and isolation wards required for treatment of Covid-19 patients. The newly developed medical facility in Mhalunge-Ingale Village, Chakan Khed, will have isolation wards with a…
The grant aims to support ideas that are capital efficient, scalable and can be leveraged to fight the spread of the pandemic. The Action Covid Team (ACT) Grants has already raised Rs 70 Cr. from its target corpus, has funded 2 projects, and has over 45 volunteers. The initiative has seen the participation and support from leading start-up investors, fund managers from top VC firms, and prominent start-up CEO’s. Amongst the backers are Sequoia India, Accel, SoftBank, Coatue, Tiger Global, B Capital as well as leading start-up founders and entrepreneurs, along with industry bodies TiE, IVCA, Nudge foundation.
Palo Alto Networks, the global cybersecurity leader, announced that it has entered into a definitive agreement to acquire CloudGenix, Inc. for $420 million. The acquisition is expected to close during Palo Alto Networks’ fiscal fourth quarter, subject to the satisfaction of regulatory and customary closing conditions. Post acquisition, Palo Alto Networks will integrate CloudGenix’s cloud-managed…