Fintech company TerraPay recently announced that it has raised $9.6mn from Prime Ventures (VC), IFC – International Finance Corporation, and Partech. The fresh funding follows the disinvestment from Comviva Technologies Ltd, a subsidiary of Tech Mahindra Ltd from the company. Ambar Sur, Founder, and CEO at TerraPay, said in a statement that the company will…
Infosys, a global leader in next generation digital services and consulting, announced a strategic long term partnership with K+S AG, world’s largest salt manufacturer and Europe’s biggest supplier of Potash, to support it’s ‘Shaping 2030 Strategy’ – by preparing an agile and flexible IT infrastructure foundation to enable their digital roadmap. As part of this…
Trans American Information Systems Private Ltd (TAISPL), a wholly-owned subsidiary of Mastek Limited has proposed to enter into a Scheme of Arrangement with Evolutionary Systems Private Limited (‘Evosys India’) pursuant to which the identified Indian business along with the USA, UK and Rest of the World businesses of Evosys India would stand demerged to TAISPL.…
Fashion-focused image technology startup Flixstock, recently announced that it has raised $2.5mn in a funding round led by Wavemaker Partners, an early-stage venture capital firm based in Los Angeles and Singapore. The round also saw participation from Seeds Capital and Lep Capital. The company plans to use these funds to open new generative Artificial Intelligence…
As the novel coronavirus is spreading rapidly and cost more than 3,000 lives, corporations and organizations around the world are feeling the heat of it. Companies are now facing battles on two ends- sustaining the business and safeguarding employees. The outbreak has now led to the world’s largest work-from-home experiment to take place. Companies like…
Iconic American businessman who helped General Electric transform into one of the world’s industrial flagships passed away on Monday at the age of 84, said the company. Confirming the news of his demise, General Electric CEO Larry Culp in an email said, “Today is a sad day for the entire GE family. Jack was larger…
Infosys, a global leader in next-generation digital services and consulting, and IBM announced a global alliance to help enterprises accelerate their digital transformation journey using the IBM public cloud. The collaboration will help enterprises — including those in highly regulated industries such as financial services, insurance and healthcare — to transition, modernize and transform their…
Provider of payment and open banking technology, i2c Inc., recently announced that it has appointed Jim McCarthy as President of the company. He will be directly reporting to the company CEO and Founder Amir Wain. In his new role, McCarthy will be responsible for i2c teams working with clients, partners, and prospects. He will be…
Sridhar Venkatesh has been appointed as Managing Director & VP of GSK India, effective 1 April 2020. He succeeds Annaswamy Vaidheesh who will retire from the Company effective 31 March 2020. Venkatesh is a senior business leader with more than 24 years of diverse experience in pharmaceuticals & healthcare and has a strong track record…
Bounce, a Bengaluru-based scooter sharing startup, announced it has raised $6.5 million in debt funding from existing investor InnoVen Capital. This is the third time InnoVen Capital has invested in Bounce in a span of 18 months. The total debt investment now amounts to $12 million. The company will utilise the funds in financing electric…
Waymo, the Alphabet’s self-driving company unit, announced it has raised $2.25 billion in its first external round of funding. As per the company’s statement, several Silicon Valley investors participated in the funding round. Investors that took part in the funding round include Silver Lake, Andreessen Horowitz, AutoNation and its parent company Alphabet. The company will…
Chqbook.com, a Gurugram-based fintech startup, announced it has raised $5 million in Series A funding from Aavishkaar Capital. The startup is helping small business owners through its five pillars of Lending, Credit Cards, Insurance, Rewards and Accounts. The company will utilise the funds to boost expansion. As per the company, the funds will be deployed…
Nokia, a Finnish multinational telecommunications, information technology, and consumer electronics company, announced that its Board of Directors has appointed Pekka Lundmark as President and Chief Executive Officer of Nokia, effective September 1, 2020. Lundmark will be replacing Rajeev Suri, who has been with Nokia for 25 years. Lundmark will be based in Espoo, Finland. Lundmark…
Sourav Ganguly-backed curated video platform Flickstree recently announced that it has raised $3mn in Series A funding round. The funding was led by Samsung Venture Investment Corporation along with LionRock Capital and Accretio Investments. Angle investor LD Sharma and existing investors like Venture Catalysts and MOX Accelerator also participated in the round. The company plans…
Affle, the leading consumer intelligence technology company, announced the signing of a definitive agreement to acquire Spain headquartered Mediasmart, a self-serve mobile programmatic and proximity marketing platform. Mediasmart provides advertisers, trading desks and agencies an integrated mobile advertising platform with unique incremental impact measurability for Proximity and App marketing campaigns. Mediasmart’s Proximity marketing solutions allow…