Ambuja Cements announced the appointment of Neeraj Akhoury as its new Managing Director and Chief Executive officer, effective 21 February, 2020, as per the company’s press release. Akhoury replaces Bimlendra Jha, who has resigned with effect from 20 February, 2020. Prior to this, Akhoury was the Managing Director and Chief Executive Officer of ACC Limited…
Flipkart is elevating Senior Vice President and Head of Private Brands, Electronics and Furniture, Adarsh Menon to lead a new business initiative. According to an email sent by Group CEO Kalyan Krishnamurthy to Flipkart employees, accessed by The Financial Express, Menon may head Flipkart’s B2B (business to business) initiative. The mail read, “Being one of…
ACC Limited announced the appointment of Sridhar Balakrishnan as its new Managing Director and Chief Executive Officer, effective February 21, 2020. Sridhar will be taking over the position from Neeraj Akhoury who has resigned with effect from close of business hours of February 20, 2020 to take over the role of Managing Director and Chief…
Venture Capital firm Blume Ventures recently announced the closure of its Fund III at $102mn. The firm’s third fund has been raised from anchor investors based in India, Japan, the US, and Asia. The fund also raised amounts from existing limited partners, who have earlier invested in previous funds. According to a company press release,…
Edtech startup Udemy recently announced that it has raised $50mn from an existing Japanese investor Benesse Holdings, Inc. The recent investment by the investment firm was made at a valuation of $2bn. The company in a statement described this funding as a part of expansion funding. The company is planning to use these funds to…
Bengaluru-based hyperlocal services provider Dunzo recently announced that it has raised $11mn in debt funding round from Alteria Capital. With the latest fund infusion, Dunzo is seeking to scale up its operations in the locations where the company is profitable. Kabeer Biswas, CEO, and Co-Founder of Dunzo said that the debt funding will help the…
Bengaluru-based food-tech startup Go DESi recently announced that it has raised ₹4.5cr from Delhi-based venture capital firm Rukam Capital. Rukam Capital is known for investing in early-stage consumer products and services companies. The funding round also saw participation from AngelList and Upaya Social Ventures. The company plans to use these funds for operation and geographical…
The 28th edition of NASSCOM Technology and Leadership Forum (NTLF) 2020 successfully concluded on 14th February, 2020. A global real estate company Brookfield Properties that partnered with NASSCOM for the event hosted an exclusive huddle with 20 CXOs on ‘Future of Workplace & Technology’ and a Placemaking Gala evening themed at Da Vinci Code on…
Huntsman Corporation announced that it has completed the acquisition of Icynene-Lapolla, a leading manufacturer and distributor of spray polyurethane foam (SPF) insulation systems for residential and commercial applications. Huntsman said in their press release that it has acquired the business from an affiliate of FFL Partners, LLC, for $350 million, in an all-cash transaction. Huntsman…
Stanley Black & Decker announced the appointment of Irving Tan, Executive Vice President and Chief of Operations for Cisco Systems, Inc., to its Board of Directors. George W. Buckley, Chairman, Stanley Black & Decker, said, “Irving is an exceptional executive with an outstanding background in leadership, sales, operations and innovation on a global scale. I…
Laserfiche — a leading global provider of intelligent content management and business process automation — has been named a 2020 Gartner Peer Insights Customers’ Choice for Content Services Platforms. Gartner defines content services platforms (CSPs) as integrated platforms that provide content-focused services, repositories, APIs, solutions and business processing tools to support digital business and transformation.…
PURA, the leader in smart fragrance technology, announced it has raised $4.4 million in seed round of funding. Kickstart Seed Fund led the round with participation from James Harden, Jeff Levin, Break Trail Ventures, Manoel Amorim and Jeff Danley. The company will utilise the funds to expand its already popular product line offering as well…
SparBar Inc., the original pioneers of SparBar boxing, mixed martial arts (MMA), and fitness equipment is pleased to announce the signing of a global distribution and licensing agreement with Sparbar U.K., LTD. that will expand its corporate offices into New York City. The terms of the recently signed agreement grant Sparbar Inc. the perpetual worldwide…
Swiggy, an online food ordering platform announced it has raised $113 million funding led by existing investor Prosus Ventures, formerly known as Naspers Ventures. Post this funding, Swiggy’s valuation stands at nearly $3.6 billion. Other existing investors such as Hadley Harbour Master Investments and Chinese local services platform Meituan, also participated in the round, as…
CGI has partnered with Vivekanand Seva Mandal, an organisation that promotes youth education for rural areas, to launch the Health and Education Learning Program (HELP), for the students of Swami Vivekanand Adivasi Ashram Shala, a residential school of 500 students, located in a remote area 125kms from Mumbai, India. Through HELP, CGI aims to promote…