Category: News

GoDaddy acquires South African startup Over

GoDaddy has recently has entered into an acquisition agreement with South African startup Over for an undisclosed amount. Over is a social content developer startup that through its app lets businesses create photos and videos for their social media content. Over claims to have more than 1mn active users on its platform who are using…

Glory Ltd turns major investor in Acrelec Group SAS

Glory Global Solutions (International) Ltd, a wholly-owned subsidiary of GLORY Ltd., has announced plans for a significant investment in Acrelec Group SAS, a responsive self-service solutions provider for the Quick Service Restaurant and retail industries. Acrelec focusses on developing people-centred experiences through self-service kiosks, digital signage as well as mobile ordering and collection solutions. In…

Moody’s Foundation donates $50,000 to Coronavirus Relief

Moody’s Corporation announced that the Moody’s Foundation has donated $50,000 to Give2Asia, a non-profit organization serving health needs in Asia, to combat the spread of the new coronavirus outbreak. “We stand with all those impacted by the coronavirus outbreak, including our employees and their families and our partners in the region, and we are proud…

Forward Health raises €4.5 mn from Skip Capital

Forward Health, a London-based healthcare communications tool, announced that the company has raised funds from Skip Capital for global expansion. As part of its rebranding strategy, the company will be known as Pando Health. The company will utilize the funds to scale Pando’s reach outside of the UK. In Q1 2020, Pando will become available…

Doubtnut raises $15 mn Series A funding led by Tencent

Doubtnut, an Edtech startup, has raised $15 million in Series A round of funding led by Tencent. Existing investors Omidyar Network India, Japan-based Akatsuki Entertainment Fund and Curefit founder Ankit Nagori along with Sequoia Capital India also took part in the fresh round of funding. As per the company’s statement, the fresh funds will be…

AdOnMo plans geographical expansion with the latest $3mn funding

Hyderabad-based advertising startup AdOnMo recently announced that it has raised $3million in the latest funding round led by Ant Financials’ BAce Capital. Other investors like Astarc Ventures and Mumbai Angels Network also participated in the funding round.  Founded by Sandeep Bommireddi and Sravanth Gajula in 2017, the startup relies on a combination of proprietary hardware…

LeadSquared named one of India’s fastest growing companies by Economic Times and Statista

LeadSquared, a Sales Execution and Marketing Automation Platform announced the company’s recognition as one of India’s fastest growing companies featured in India’s Growth Champions 2020 – an initiative of Economic Times and Statista. The SaaS platform ranked 19th with an absolute revenue growth of 531%. The India’s Growth Champion, 2020 measures and recognizes fastest growing…

Gurgaon-based HostBooks signs MoU with ICAI

Gurgaon-based FinTech Company HostBooks has signed a Memorandum of Understanding (MoU) with The Institute of Chartered Accountants of India (ICAI), the national professional accounting body, to encourage the use of technology and automation among chartered accountants, which will help them increase their efficiency and productivity in practice. As part of the MoU, HostBooks will be…

BalleBaazi.com partners with yatra.com

BalleBaazi.com, the brand that provides the best fantasy sports experience to its patrons, recently announced its association with travel partners Yatra.com. The move comes as the platform is gearing up for the upcoming mega season of IPL and T20 world cup and aims at offering unmatched deals to the gaming enthusiasts during the tournaments. As…

Huawei named one of top 10 Most Valuable Brands by Brand Finance

Huawei announced that Brand Finance, a brand valuation and strategy consultancy company headquartered in UK, has named Huawei one of the top 10 most valuable brands for the first time ever. In the recently published Brand Finance Global 500 2020 report, Huawei is the third Chinese company on the list with a brand value of…

Magma Fincorp Ltd appoints Deepak Patkar as CEO ABF Business

Mumbai-based asset finance company, Magma Fincorp Limited, announced the appointment of Deepak Patkar as its CEO ABF business. Commenting on the appointment, Sanjay Chamria, Vice Chairman and Managing Director, Magma Fincorp Limited said, “Deepak has been working with us since Sep 2018 as Group Chief Risk Officer and has been a member of the strategic…

Wipro and Smart Energy Water collaborate to accelerate Digital Transformation for Enterprises

Wipro Limited, a global information technology, consulting and business process services company, and Smart Energy Water (SEW) have announced a multi-year global strategic alliance. This partnership aims to develop and deliver joint solutions, which will accelerate digital transformation for enterprise clients in the utilities space globally. Headquartered in California, SEW is a global energy and…

Donna Morris exits as Adobe EVP and CHRO, Gloria Chen to take over

Adobe has announced a number of organizational changes to its executive leadership team. Executive Vice President and Chief Human Resources Officer (CHRO) Donna Morris will be leaving the company, and Vice President Gloria Chen will be stepping into the CHRO role effective immediately. A 20-year Adobe veteran, Chen was most recently Executive Vice President of…

Codility raises $22M Series A funding led by Oxx and Kennet Partners

Codility, a platform that helps companies to build better engineering teams, announced a $22 million Series A funding round led by Oxx and Kennet Partners. The investment brings an end to Codility’s 10-year streak of being bootstrapped to double-digit annual recurring revenue. The capital will be used to fuel Codility’s growing footprint in helping expand…

Infosys awarded ISO 27701 Accredited certificate for Data Privacy

Infosys, a global next-generation digital services and consulting provider, announced that it has been awarded the accredited certification on ISO 27701, the international standard on data privacy, by Bureau Veritas Certification (BVC). Infosys is one of the first companies in the world to have earned this certification with accreditation. The ISO 27701 standard provides an…