Switzerland hosted a never-before-seen, extraordinary feat that brought together 82 women of influence from across 25 countries to add a new female chapter to the history of what is still an overwhelmingly male-dominated sport! The ladies came together and successfully created a new world record for – ‘The Longest Women’s Rope Team’ on the 4164 … Read more
FlexiLoans, an online lending platform for small businesses, has secured $90 million in a Series B funding round that includes a mix of equity and debt. MAJ Invest of Denmark led the $28 million equity round, while Fasanara Capital of the United Kingdom led portions of the equity and debt rounds. FlexiLoans is a digital … Read more
Simplilearn, the world’s #1 online bootcamp for digital economy skills, today announced the addition of Mohit Yadav as Vice President – Growth, and Sujoy Ghosh as Vice President – Product to the company’s leadership team. Simplilearn has consistently demonstrated profitability and increased its workforce from 1400 to around 2200 in the past year. With the … Read more
NAKAD, a supply-chain-focused finance firm, announced on Wednesday that it has secured $7 million in a seed round led by Accel and Matrix Partners India, with AdvantEdge Founders participating. The Delhi-based firm, which provides working finance to India’s supply chain micro, small, and medium enterprises (MSME), said it will utilise the funding to expand its … Read more
According to a regulatory filing on Thursday, DoorDash Inc. has authorised the buyback of up to $400 million in shares. In its filing, DoorDash DASH, -1.08 percent stated that the move is being made to counter dilution from its employee stock-compensation scheme. During the coronavirus pandemic, the delivery-app platform, which went public in 2020, reported … Read more
Revoh Innovations Private Ltd., an IIT-Madras-incubated Electric Vehicle sub-component manufacturing firm, has raised $150,000 in a Seed round from Angel Investors Vel Kanniappan and Ravi Renganathan. Revoh was founded a few years ago by a group of Electronics Engineering graduates with the primary purpose of localising the manufacturing of electric vehicle sub-components and eventually reducing … Read more
Through its relationship with Saifee hospital, a prominent multi-specialty healthcare facility in Mumbai, Affordplan, a healthcare finance company, has reached the western area of India. Affordplan is one step closer to accomplishing its aim of making healthcare finance reasonable, accessible, and convenient with this agreement. In northern and southern India, they already have a formidable … Read more
Less than six months before its 21st birthday, the Apple iPod will be phased out. Apple, based in Cupertino, announced on Tuesday that the iPod touch, the last of its iPod devices, will be retired and sold “while supplies last.” The iPod touch was the only one standing after Apple ceased sales of the iPod … Read more
Deepinder Goyal, co-founder and CEO of online food aggregator and delivery platform Zomato, has announced that he will donate the whole revenues from the vesting of some of his employee stock option plans (ESOPs) to the Zomato Future Foundation (ZFF). Goyal received some ESOPs before Zomato went public last year, and some of them vested … Read more
Jellysmack, a worldwide digital media and content creator firm sponsored by SoftBank, has launched its creator programme in India. According to a key official at the company, the company will launch its India operations with 21 content creators in Hindi and English, helping them diversify their portfolio across major platforms like Facebook, Snapchat, and YouTube … Read more
RapiPay, a fintech firm, announced on Tuesday that it had raised $15 million to develop NYE, a super app for new-age digital banking. Varun Jaipuria (RJ Corp), DLF Family Office, Rahul Gautam (Sheela Foam), and Rohan Kumar led the fundraising round (DS Group). RapiPay claims to be India’s only digital banking company with a physical … Read more
FedEx Corp. (NYSE: FDX) and Microsoft Corp. (Nasdaq: MSFT) announced the next solution as part of their multiyear collaboration to transform commerce, supply chains and logistics. FedEx and Microsoft will bring together FedEx network intelligence with capabilities from Microsoft Dynamics 365 to introduce a cross-platform “logistics as a service” for retailers, merchants and brands. The companies … Read more
Zuper has raised $13 million in Series A funding for its productivity suite for intelligent field service management and customer engagement. FUSE led the investment, which included Sequoia Capital India, Prime Venture Partners, and HubSpot Ventures. Since its inception, the Seattle-based firm, which provides technology to help manage field service teams, has raised more than … Read more
L&T Technology Services Limited, a leading global pure-play engineering services company, announced that it has been awarded a deal worth USD45 million from a U.S. based automotive Tier 1 company, to be its strategic engineering partner and provide engineering services for its Electric Vehicle (EV) product portfolio. Under the terms of the 5-year agreement, LTTS … Read more
Steadview Capital, Tiger Global, and Dragoneer Investment Group led a $75 million Series D round of funding for wealth management platform INDmoney. INDMoney, which launched in 2019, offers users to keep track of their finances on a single platform and invest in a variety of financial instruments including as mutual funds, fixed deposits, equities, and … Read more
Rooter, a game streaming and e-sports platform, announced on Wednesday that it has raised $25 million (Rs 185 crore) in a Series A fundraising round headed by Lightbox, March Gaming, and Duane Park Ventures. Piyush Kumar and Dipesh Agarwal founded Rooter in 2016. The startup claims to engage fans with user-generated live audio and video … Read more
