Edtech startup upGrad has recently announced that it has appointed Arjun Mohan as its India business Chief Executive Officer. Arjun Mohan will be the first occupant of the CEO-India chair for upGrad, as the position was vacant since the company’s inception. Talking about Mohan’s appointment, upGrad Co-founder and MD Mayank Kumar in an official statement…
New Delhi-based technology-enabled insurance grievance redressal platform, Insurance Samadhan has recently raised an undisclosed amount of seed funding from incubator and accelerator Venture Catalysts. It is understood that the company will use these funds to develop the technology stack and the product to scale operations. “This fundraiser would help us to develop our technological frame.…
Mumbai-based online beauty retailer Nykaa recently announced that it has raised ₹100Cr from existing investor Steadview Capital. Nykaa had earlier raised ₹100Cr from Singapore-based investment firm TPG Growth at a valuation of $724mn in March 2019. It was also being speculated for quite some time now that Nykaa has been planning for larger funding round…
Thiruvananthapuram-based neo-diagnostics startup Sascan Meditech Pvt. Ltd has recently raised an undisclosed amount of funding from Mumbai-based venture capital firm Unicorn India Ventures. The recent fund infusion by Unicorn India Ventures follows the first closure of its second fund at $12mn. SaScan is an innovative neo-diagnostics startup developing integrated hardware and software solutions for medical…
Investment and related payment can be made up to 30th June 2020 for claiming the deduction under 80C, 80G, 80D sections for FY 2019-20. The outbreak of Novel Corona Virus (COVID-19) across the globe has impacted people and businesses, causing loss to the lives of people, livelihood etc. Considering social distancing as an important move…
Infosys Foundation, the philanthropic and CSR arm of Infosys and Narayana Health, one of the largest healthcare providers in the country, have announced the launch of a 100-room quarantine facility for COVID-19 patients, in the vicinity of Narayana Health City in Bengaluru, Karnataka. The facility, aimed at serving patients belonging to the economically weaker sections…
Mumbai-based early-stage fund Unicorn India Ventures recently announced the first close of its second equity fund at $12 million. The ₹400Cr second equity fund was announced last year and the funds for it have been raised from domestic investors comprising family offices and investors from the first fund. It is targeting to raise the total…
Danlaw, a global provider of connected car technology and one of the largest suppliers of connected gadgets in the world, announced the appointment of Sirish Batchu as the company’s new Managing Director to lead Danlaw’s growth efforts in India. Sirish has a vast experience of over 28+ years across Automotive and IT industry especially in…
Goldman Sachs alumnus Taiichi Hoshino to lead investment planning department at Softbank SoftBank Group Corp, announced the appointment of ex Goldman Sachs banker Taiichi Hoshino as head of a new investment planning department at the investment major. The move comes in the backdrop of increased scrutiny of the group over ventures backed by the group,…
In present times when factories are temporarily shutting down their operations across the globe, companies are witnessing major financial losses due to the coronavirus pandemic. However, the exact losses and damages caused by the Covid-19 pandemic are hard to calculate as of now, but companies are putting in all efforts to keep its employees informed…
Indian travel and hotel booking platform Ixigo has recently slashed the salaries of its employees across all levels in an attempt to save cash burn due to the coronavirus pandemic. The company Co-founder and CEO, Aloke Bajpai said that the top management has agreed to take a 60% pay cut while the rest of the…
Wipro, Wipro Enterprises and Azim Premji Foundation have together committed Rs 1,125 crore towards supporting the fight against the novel coronavirus pandemic. The pandemic and the concern related to the extent of damage it can cause had brought in a good degree of participation form major corporations, philanthropists, and business leaders to support the fight…
The Coronavirus pandemic has seen the world almost coming to a standstill. The pandemic has seen corporations and business leaders committing sizable amounts towards supporting the impacted people, communities as well as funding government initiatives towards fighting the pandemic as well implementing preventive measures. Indiabulls Group, a diversified financial services group, has announced a commitment…
Companies across the public and private sector are joining the fight against the coronavirus pandemic in India and across the world. All big industrialists in India have contributed to the PM-CARES fund, leaving no stone unturned in helping the government to deal with the crisis Covid-19 has created. BHEL, India’s largest power generation manufacturer, announced…
MetLife Foundation, an organisation focused on improving the financial health of low-income individuals around the globe has announced a commitment of $25 million towards supporting communities impacted by COVID-19. The foundation works by partnering with trusted organizations that create and expand financial access, and helps build the knowledge, capability and habits needed to improve financial…