Gurugram-based Simsim, a social commerce startup recently announced that it has raised $16 million in seven months of its existence. The funding rounds happened in quick succession over the past few months and were led by Accel Partners, Shunwei Capital, and Good Capital. Founded in July last year by Amit Bagaria, Kunal Suri, and Saurabh…
The former PG&E Exec to Lead Energy Division of Premiere Natural Gas Asset Management CompanyGas asset management company Picarro Inc. recently announced that former Pacific Gas & Electric executive Sumeet Singh has joined the company in an executive role. His position will be titled as Gas Safety & Integrity Officer. In his most recent role,…
Greenhouse agritech startup Clover recently announced that it has raised $5.5mn in Series A funding round from Omnivore. The funding round also saw participation from existing investors Accel and Mayfield. In a press release Avinash BR the Co-founder of Clover, said “We are thrilled to partner with Omnivore, Accel, and Mayfield as we scale our…
In an attempt to fund early-stage startups Co-founders of Parampara Capital have announced the launch of their second venture capital fund – Inflexor Technology Fund. The founders are targeting to raise $100mn from international investors to support companies who are leveraging technology IP/innovation across sectors. According to a statement to the media by the company,…
Global construction and mining equipment manufacturer Caterpillar Inc. (or CAT) recently announced that its board of directors has appointed Pam Heminger as the company’s new Vice President. She will be directly responsible for Caterpillar’s Strategic Procurement Division. Heminger has more than 30 years of strategic procurement experience in the automotive and manufacturing sectors, most recently…
US-based investment firm Falcon Edge Capital has raised $300mn India-focused venture capital fund Alpha Wave Incubation (AWI). The fund is anchored by investors from UAE and an undisclosed entity of the Government of Abu Dhabi. According to a report by The Economic Times, AWI is in the final stages of closing the corpus and is…
Business to business e-commerce platform for local Kirana stores, MaxWholesale recently announced that it has raised $3mn in Series A funding round. The funding round was led by venture capital fund IAN Fund-I and AI Falaj Investment Company, an Abu Dhabi based private family office. The funding round also saw participation from existing investor Maple…
Jeff Bezos who founded Amazon Inc., which has been often criticized for its damage to the environment, has recently committed $10bn to a new fund to tackle climate change. Announcing the news on Instagram, the e-commerce tycoon said that the Bezos Earth Fund would “fund scientists, activists, NGOs — any effort that offers a real…
PlanetSpark, a Gurugram-based edtech startup, announced that it has raised Rs 3.2 crore in pre-Series A round. Investors that took part in the funding round include Indian Angel Network, Lead Angels, and Hyderabad Angels. Existing seed investor and one of India’s largest coaching brands, FIITJEE Limited, also participated in this round. As per the company’s…
Insurance aggregator Coverfox is a boat floating in hot waters. The firm’s Co-founder and Chief Technology Officer Devendra Rane had resigned from his position a month ago and now the company’s Chief Executive Officer Premanshu Singh has resigned due to uncertainty about the company’s future. According to a report by Entrackr, the company’s executives had…
GP Petroleums Ltd (GPPL), a leading automotive and industrial lubricants player in India, and part of UAE-based GP Global group, announced that it has plans to invest Rs100 crore in a new state-of-the-art plant in Saronda, Gujarat to process over 300,000 kilo litres of lubricants, thus enabling the company to be present across the entire…
It looks like the ongoing tussle between Tata Sons and Cyrus Mistry is not coming to an end anytime soon. In a recent development, Cyrus Mistry and his investment firms have filed a fresh petition in the Supreme Court, pleading that they are granted directorship in Tata Sons Ltd. In the petition, dated 13 February…
Global SaaS solution provider for automated investment data aggregation Clearwater Analytics recently announced the appointment of Subi Sethi as Chief Client Officer. She will be leading the firm’s global operations team. According to the company press release, Subi will be responsible for ensuring the success of Clearwater clientele and will lead the company’s Global Delivery,…
Shift Technology, a provider of AI-native fraud detection and claims automation solutions for the global insurance industry, announced Nathalie Parent has joined the company as its Chief People Officer. Most recently, Parent served as Chief HR Officer for Selligent, where she was responsible for the development and implementation of global human resources programs for the…
Blackbaud, the world’s leading cloud software company powering social good, announced the appointment of Margaret Driscoll as Chief People Officer. Driscoll, who will lead all human resources functions for the company, joins Blackbaud succeeding John Mistretta as current head of HR as he retires after 14 years. Driscoll comes to Blackbaud with more than 20…