Spinny, an online platform for selling used cars, announced it has raised $43.7 million Series-B funding led by Fundamentum Partnership along with US-based General Catalyst Partners, South Korea-based KB Financial Group. Existing investors such as Accel, SAIF Partners and Alteria Capital also participated in the funding round. Post funding, the company is valued at nearly…
Broadridge Financial Solutions, Inc, a global Fintech leader and part of the S&P 500® Index, has completed its previously announced acquisition of FundsLibrary, a leader in fund document and data dissemination in the European market. The acquisition accelerates Broadridge’s pan-European regulatory communications and digital data platform, supporting the lifecycle of fund data, documents, and regulatory…
Clarivate Analytics plc, a global leader in providing trusted insights and analytics to accelerate the pace of innovation, announced it has completed its acquisition of Decision Resources Group. Previously, Clarivate announced its intent to acquire DRG from Piramal Enterprises Limited, part of global business conglomerate Piramal Group. As per Piramal Enterprises’ exchange filings, the company…
Mindtree, a leading digital transformation and technology services company, announced that it has appointed Dayapatra Nevatia as the Chief Operating Officer of the company, effective March 2, 2020. In his new appointment, Dayapatra will support the company into its next phase of growth. He will be based in Bangalore, India. “We are excited to welcome…
Intuit Inc, an American business and financial software company, announced that it has entered into an agreement with Visa to strengthen their business propositions for Small & Medium Enterprise (SME) customers in India. QuickBooks is an accounting software package developed and marketed by Intuit. Their products are geared mainly toward small and medium-sized businesses and…
Metanoia Communications Inc. (Metanoia), a leading manufacturer of standalone high-speed xDSL and Gfast PHY chipsets for the wireline broadband market, announced it has successfully completed its fresh round of funding from domestic investors led by Taiwania Capital Investment and National Development Fund. Existing investors such as Elan Microelectronics also took part in this new funding…
Cogent Bank, a Florida state chartered bank announced the appointment of two new board members: Avani Desai and Chris Pillay. Avani Desai is a Partner and President at Schellman & Company, LLC, a large niche CPA firm centralized on technology and security assessments, and a leading provider of attestation and compliance services. Desai is also…
Capgemini, a French multinational corporation headquartered in Paris that provides consulting, technology, professional, and outsourcing services, announced it will employ close to 1.15 lakh people in India. As part of the recruitment drive, the company will recruit up to 30,000 employees this year. The big recruitment drive clearly signals that the company has plans to further…
Neeman’s, a Hyderabad-based eco-conscious footwear startup manufacturing comfortable shoes using Merino Wool, announced it has raised $1 million pre-Series A funding led by Anicut Angel Fund. Tushar Singh and Rohit Anand led the funding round on behalf of Anicut, with Tushar joining the company board. Through Anicut, Ashvin Chadha, Arjun Seth, Abhishek Goyal, Ambarish Raghuvanshi,…
As per a recent research, the India solar Inverter market is projected to grow at a CAGR of over 20.3% during 2019-2025. Solar inverter market is dominated by the utility sector owing to its large-scale solar projects deploying a large number of solar inverters. Further, the commercial segment is estimated to exhibit the highest growth…
Hexagon AB, a global leader in sensor, software and autonomous solutions, announced the signing of an agreement to acquire Romax Technology Limited, a leading provider of Computer Aided Engineering (CAE) software for electromechanical drivetrain design and simulation. A greater focus on energy efficiency and an accelerating shift towards electrification brings new engineering challenges that require…
Fitternity, India’s one-stop destination for fitness, announced that it has collaborated with India’s largest online food ordering and delivery platform- Swiggy. The alliance is in sight to incentivise consumers to take steps towards adopting a healthier lifestyle. Through a strategic month-long collaboration, Swiggy users will avail of Fitternity’s OnePass (worth INR 1999/-) valid for 7…
Raydiant, a cloud-based, dynamic display platform for enterprise, announced that actor, producer and businessman Mark Wahlberg has been added as a strategic advisor to the company. This announcement falls on the heels of the company’s recent announcements surrounding a $7M fundraise, strategic partnerships with enterprise customers including BlueJeans, PosterMyWall, SinglePlatform and Soundtrack Your Brand, as…
Bennett Coleman and Company Ltd (BCCL), which runs the Times Group, recently announced that it has picked up an equity stake in cloud kitchen startup Rebel Foods. According to a company filing, accessed by Inc42, the company said it has converted BCCL’s five-share warrants from 2017 into 714 equity shares worth ₹16.25Cr ($2.2 Mn). The…
Bengaluru-based fintech startup PhonePe recently announced that it has raised fresh capital from its Singapore-based parent entity PhonePe Private Limited, Singapore. According to a company filing, PhonePe has received $60 million (Rs 427.25 crore) in fresh capital from its Singapore parent, PhonePe Pvt Ltd. PhonePe allotted 1mn equity shares at a value of ₹10 with…