British multinational bank HSBC recently sent more than 100 of its London staff home after a worker tested positive for the novel coronavirus. It is being reported that this is the first known case at any major company in the European financial district. As per an internal memo by CEO Noel Quinn, accessed by Reuters,…
Singapore-based payments startup “hoolah” recently announced that it has closed an eight-figure investment through its Series A funding round. The funding round was led by venture capital firm Allectus, iGlobe Ventures, Genting Ventures and angel investors like former Lazada group CEO Max Bittner, and FNZ CEO Tim Neville. With the infusion of capital, hoolah plans…
Bengaluru-based Edtech startup Oda Class recently announced that it has raised an undisclosed amount of investment in pre-Series A funding round. The funding round was led by a Chinese educational company, Yuanfudao. Interestingly, the founder of Yuanfudao is also a founding member of the Oda Class. As per an official company statement, Oda Class plans…
One of the fastest-growing fintech for MSMEs, Kinara Capital recently announced that it has launched HerVikas, business loans to accelerate the financial inclusion of women entrepreneurs in India. Kinara Capital plans to disburse ₹100Cr in HerVikas small business loans to women entrepreneurs this fiscal year. With HerVikas, the company aims to encourage women entrepreneurs with…
Leading socks eCommerce startup Soxytoes recently announced that it has raised an undisclosed amount of investment from Gurugram-based angel investors network. According to a company statement, the startup plans to use these funds for digital marketing, increasing their kiosk network, expanding into international markets and launching new product lines such as personalized and kids socks.…
Bengaluru-based real-estate tech startup, Strata recently announced that it has raised $1.5mn in a seed funding round led by SAIF Partners and Mayfield India. PropStack, a real-estate data analytics platform, along with three other angel investors also participated in the round. The company plans to use these funds for hiring in tech and investor relations…
Firmenich announced that it has entered into exclusivity with Ardian, Tikehau Capital and family shareholders to acquire Les Dérivés Résiniques et Terpéniques (“DRT”). DRT is a world leader in plant-based chemistry, mainly from pine trees, and is one of the leading suppliers globally of high quality, renewable ingredients. “I am thrilled to bring DRT’s unique…
Empower, a high-growth mobile banking app in the US challenger bank category, announced $20 million in Series A funding. New investors that took part in the funding round include Icon Ventures, Defy Ventures, and David Velez, Founder and CEO of Nubank, one of the most valuable financial technology startups in the world. Existing investors Sequoia…
Hexaware Technologies Ltd, the fastest growing automation-led, next generation provider of IT, BPO and consulting services, announced that it has been named a Gold level partner in the Pega Premier Consulting Partner Program. Pega partners earn one of four tiers based on customer satisfaction, certified professionals and successful implementations – gold is the second highest…
Statement on Coronavirus Demand: Jaguar Land Rover sales in China grew on average about 25% year on year for the 6 months from July through December 2019 and we continued to see strong growth for the first 3 weeks of January. The coronavirus has significantly impacted China sales with February retails down around 85% vs…
Cielo, the world’s leading strategic Recruitment Process Outsourcing (RPO) partner, announced the acquisition of AsiaNet China, an RPO, executive search, recruitment, and payroll (HRO) business based in Shanghai. “There’s major demand for RPO in the China market,” said Sue Marks, Cielo Founder and CEO. “This acquisition builds on our existing capability in China to better…
Adient, a global leader in automotive seating, announced it has entered into an agreement to sell its automotive fabrics manufacturing business, including its lamination business, to Sage Automotive Interiors, an Asahi Kasei company, for $175 million. The transaction is subject to regulatory approvals, local legal requirements and other customary closing conditions and is expected to…
Cadila Pharmaceuticals in February received its Great Place To Work Certification in the category of large organizations from February 2020 to January 2021. In the pursuit to build a great workplace, to enhance employees’ experiences, various steps were taken throughout the year. The key areas of intervention were building work life balance with initiatives such…
Cyient, a leading provider of technology services and solutions, announced the appointment of Karthikeyan Natarajan to the role of President and Chief Operating Officer (COO). As Cyient focuses on its transformation from a service to a solutions company, underpinned by strong design-led manufacturing expertise and digital capabilities, Karthik’s appointment will bring valuable leadership to the…
Netlify announced it has raised $53 million in Series C funding to accelerate the development and adoption of its web development platform based on git workflows and the modern JAMstack web architecture it pioneered. The Series C funding round is led by the EQT Ventures Fund . Existing investors Andreessen Horowitz and Kleiner Perkins, as…