Beams Fintech Fund, India’s first Growth Stage Fintech Fund, has invested an undisclosed amount in a Series B round of $50 million in India’s leading Debt Collection SaaS platform, Credgenics. Beams has invested alongside Westbridge and Accel in this round. Other investors in this company include Tanglin, Tital Capital, and DMI Finance. Founded in 2018 by Rishabh…
Sterlite Technologies (STL), an integrator of digital networks, has announced the appointment of former Nokia executive Sandeep Girotra as Chief Sales Officer. In his new role, Sandeep will be responsible for driving the company’s order book and revenues across portfolios, customer segments, and geographies, and will also be a member of the Executive Committee of…
Digital technology company, STL announced that it has entered into definitive agreements to acquire Italy-based Optotec S.p.A, Optical Interconnect Products Company. According to the announcement – the transaction is structured to acquire 100% of Optotec’s shareholding on closing at an enterprise value (EV) of €29Mn (29 Million euros). The deal will be financed by a…