Friday, March 29

Search Results for: infosys

Content platform YourQuote raises $1M seed funding led by IDG Ventures

YourQuote, an original content and digital community platform, today said it has secured USD 1 million in seed funding, led by IDG Ventures India. The round also saw participation from Atul Goel of Essel City Group and Axilor, founded by Infosys co-founders Kris Gopalakrishnan and S D Shibhulal, a statement said. Started by IIT-Delhi alumni […]

AEON Learning Acquired Tech Startup Acadgild

Edu-tech firm AEON Learning today said it has acquired Acadgild — which offers high-end tech skills to mid-career IT professionals — for about USD 10 million in an all-stock deal. “This is an all-stock deal, where the investors of Acadgild will receive shares of AEON Learning. This deal is valued at about USD 10 million,” […]

2018 Will Be A Better Year For Indian IT: Report

With the US economy doing well, Indian IT companies can look forward to a better year in 2018 on the back of growing tech spend and demand from clients, according to senior industry figures. Noting that the largest market for Indian IT companies is the US, former CFO of Infosys V Balakrishnan said their ability […]

Aadhaar Helped Indian Govt Save USD 9 Billion: Nandan Nilekani

The Indian governments Aadhaar card scheme, which has enrolled more than 1 billion people, has helped the exchequer save about USD 9 billion by eliminating fraud in beneficiary lists, its architect Nandan Nilekani has said here. The system, launched by the previous UPA government, has been “enthusiastically” supported by the current government led by Prime […]

Home Decor Startup MyGubbi Raises $2.7 Mn Pre-Series A Funding

Customized home interiors decor startup MyGubbi has raised $2.7 million pre-series A funding led by the family office of Firoze Irani; Vipul Parekh(co-founder BigBasket), Ananda Kallugadde(co-founder of NeoBytes) and Rajesh K Murthy(President Infosys), among others. Founded by Umesh Sangurmath and Ravi Rao in 2015, MyGubbi (Kannad for ‘My Sparrow’), the startup aims on the interior design and furnishing […]

Teamindus is on Right Path, Made Substantial Progress

Indian team has made “substantial progress” and was in the “right direction” said an international panel of judges from the Google Lunar XPRIZE during visit of the Teamindus office today. TeamIndus is the only Indian team competing for the USD 30 million prize that requires privately funded teams to land their spacecraft on the surface of the moon, […]

CureFit In Talks To Raise $30 Mn Fresh Funding

Healthcare startup CureFit is in advanced talks to raise around $30 million of fresh funding to expand its fitness brand Cult, enter new markets and launch other health related services, Mint reported recently.

Nandan Nilekani Teams up With Sanjeev Aggarwal For $100 Million Fund

Infosys co-founder Nandan Nilekani has partnered venture capital veteran Sanjeev Aggarwal to set up a USD 100 million fund that will focus on building “enduring technology companies” out of India, specially consumer technology. Called the The Fundamentum Partnership, the platform will lead investment rounds ranging between USD 10-25 million in companies that are looking at […]

Azim Premji Salary Package Received 63% Cut, No Commission Paid This Year

Wipro Chairman Azim Premji’s pay package saw a huge 63 per cent fall at USD 1,21,853 (about Rs 79 lakh) last fiscal, with no commission being paid during the year. The IT czar had drawn a larger compensation of USD 3,27,993 (about Rs 2.17 crore) in the previous fiscal. Premjis package included USD 66,464 in […]

Lenskart to Open 400 Stores in 2 Years; Invest Rs 100 Crore

Ratan Tata-backed eyeware retailer Lenskart plans to invest over Rs 100 crore on business expansion, including opening of 400 stores, in the next two years. The company, which has a strong online presence, is eyeing a total of 700 stores by March 2019 by targeting small towns, tier II and III cities. “As of now […]