Entreprenuer News Network Bureau 
Sona Comstar, a leading auto component manufacturer, has taken a strategic step forward by forming a mergers and acquisition (M&A) committee to oversee crucial decisions in its corporate structure. The newly established M&A committee will play a pivotal role in approving mergers, demergers, or arrangements, as well as evaluating opportunities for entry into new verticals. … Read more
RHI Magnesita India Ltd., the premier manufacturer and supplier of top-grade refractory products, systems, and solutions, has announced the appointment of Azim Syed as its new Chief Financial Officer (CFO) & Chief Investor Relations Officer (CIRO), effective May 1, 2024. Azim brings more than two decades of diverse industry experience to his new role at … Read more
DigiCert, a leading global provider of digital trust, today announced the appointment of Atri Chatterjee as Chief Marketing Officer (CMO). As CMO, Chatterjee will lead the global marketing organization to promote the DigiCert brand, including the development and execution of the company’s digital trust initiatives and campaigns, while partnering closely with the sales and product organizations to drive revenue. … Read more
Assert AI, India’s largest Computer Vision SAAS company, announces the successful closure of its Series A funding round, raising a total of 30 Crores (USD 4 Million). This significant investment, led by prominent investors including Ramesh Hariharan (ex-CTO and Co-founder of LatentView), Prashant Purker (former MD & CEO of ICICI Venture), Arya.ag (India’s largest integrated … Read more
D2C footwear brand ‘Trase’ have successfully reacquired their brand from the roll-up company Upscalio. This strategic move was swiftly followed by a $500k Angel round, post-acquisition, led by notable investors Deep Bajaj and Mohit Bajaj, co-founders of Sirona Hygiene, along with Shiven Malhotra, Vikas Gautam, and Rohit Jain. Established in 2016, Trase witnessed substantial growth … Read more
Pune-based EV startup EMotorad recently forged a significant partnership with cricket legend and former Indian Captain Mahendra Singh Dhoni. His strategic investment will entail equity ownership in EMotorad alongside his new role as the company’s brand endorser Expressing his enthusiasm for this collaboration, Dhoni said, “The future is in our hands. We are in an … Read more
Tomorrow Capital, a $100 MN Mumbai-based operating venture capital fund, has invested in VitusCare, a leading kidney care startup based in Gurgaon. Tomorrow Capital’s commitment to addressing chronic healthcare challenges in India is exemplified by its substantial lead investment in Vitus Care’s $2.7 MN Series A funding round. VitusCare, founded in 2017, has emerged as a trailblazer in the provision of quality … Read more
Caret Capital, a sustainability fund that invests across Mobility, Distribution and Employment, has invested in Delhi-based startup TraqCheck. Founded in November 2020 by Armaan Mehta, Jaibir Nihal Singh and Rishabh Jain, TraqCheck is an AI-based platform for employee background verification. It enables enterprises to onboard employees significantly faster and more accurately at a lower cost than traditional methods. “From the … Read more
In a groundbreaking development, SiftHub, the cutting-edge AI-powered platform, has announced the successful closure of a $5.5 million funding round led by Matrix Partners India and Blume Ventures, with significant participation from Neon Fund. This milestone marks a pivotal moment in SiftHub’s journey, bolstered by the enthusiastic support of executive operators and founders from leading … Read more
Aerospike, Inc. (“Aerospike”) today announced the close of a $109M growth capital investment from Sumeru Equity Partners (“Sumeru”) with additional investment from existing investor Alsop Louie Partners. This latest investment signals a validation of the company’s product strength and business performance. The investment accelerates innovation and go-to-market capabilities for Aerospike’s core transaction, analytics, and AI … Read more
Hudle, a platform dedicated to sports and fitness enthusiasts, has secured Rs 7 crore in its pre-series A funding round, with leading participation from Inflection Point Ventures (IPV) and Sky Impact Capital. Survam Partners and Anay Ventures also joined the round, reflecting growing confidence in Hudle’s mission to promote sports engagement across India. Suhail Narain, … Read more
Citigroup Inc has announced a new round of job cuts in its US investment banking division as part of its ongoing restructuring efforts. According to documents filed with the New York State Department of Labour on April 1, the company plans to terminate 430 employees. These job reductions are expected to primarily impact employees in … Read more
D2C brand A47.in, has raised funding of an undisclosed amount from Aditya Pittie. The company will utilize the capital for ramping up, expanding into new categories, collaborations, physical retail & marketing. The investment marks a significant milestone for A47, positioning it for accelerated growth and outreach. A47 celebrates India & its remarkable achievements and institutions … Read more
Expedia Group today announced that Jon Gieselman, president of Expedia Brands, will be leaving Expedia Group effective June 1 after three years leading Expedia’s consumer business and marketing division. Going forward, Brad Bentley will oversee the consumer business as Chief Operations Officer and Jochen Koedijk will lead marketing as Chief Marketing Officer, both reporting directly to incoming CEO Ariane Gorin. “In our journey of … Read more
IIIT Hyderabad and Plaksha University signed an MoU on campus today to establish a Sustainability Centre based on Smart and Sustainable Communities. The MoU was jointly signed by Prof P J Narayanan, Director, IIIT Hyderabad and Prof Rudra Pratap, Founding Vice Chancellor of Plaksha University. The Sustainability Center will primarily focus on research for bottom … Read more
Schneider Electric, the leader in the digital transformation of energy management and automation, today announced a collaboration with NVIDIA to optimize data center infrastructure and pave the way for groundbreaking advancements in edge artificial intelligence (AI) and digital twin technologies. Schneider Electric will leverage its expertise in data center infrastructure and NVIDIA’s advanced AI technologies to introduce the … Read more
