Mahindra Electric Mobility, the electric vehicle manufacturing arm of Mahindra, recently announced that it has elevated company CEO Mahesh Babu to the position of Managing Director and CEO. His appointment will come in effect from May 7. The decision was taken by the board of directors in a board meeting held on May 6. Babu…
Pune-based baby products marketplace Firstcry has recently raised $296mn (approx 2120Cr) in Series E funding from Japanese conglomerate Softbank’s Vision Fund. With the latest infusion of funds, Firstcry has entered the Unicorn Club. According to the company filing submitted to the Ministry of Corporate Affairs, a Cayman Island-based subsidiary of Softbank SVF Frog has invested…
Japanese conglomerate SoftBank, who has been aggressively investing in the Indian start-up system, is reportedly considering buying a minority stake in Mahindra Electric Mobility. According to a Business Standard report, the two companies have begun preliminary talks for an alliance. Mahindra’s Electric Vehicle manufacturing arm is a subsidiary of Mahindra & Mahindra, said a few…
Mahindra & Mahindra Ltd announced top management succession plans, which will span over the next 15 months. A number of key leaders at Mahindra & Mahindra Ltd. are said to be retiring. The board of the company announced the changes after a structured and rigorous review of top management succession, which has now been ratified…