SHOPX, India’s fastest growing digital offline platform, fueling retailers in India, has received ₹12.99 Cr of fresh capital from existing investor, Nandan Mohan Nilekani. ShopX has so far raised a total of ₹122 Crore of which Mr Nilekani‘s contribution has been almost all of it. The former UDAI Chairman and Infosys co-founder, Nandan Nilekani has been […]
Elliott Management, the activist hedge fund credited in the change of Cognizant’s business model two years ago, recently bought a tiny stake in Wipro, the Information Technology Services Corporation. This investment further highlights the 34-billion hedge fund company’s interest in Indian IT companies as it presently owns two companies in this sector out of their […]
Chennai, February 28, 2018: Survaider, a SaaS based Customer Experience Management platform has raised $500k funding. The round was co-led by The Chennai Angels and Axilor Ventures with participation from other angels. The team had earlier raised a small round from Axilor Ventures in 2016. With this round of funding, Survaider, a leader in the […]
Planys Technologies, a start-up incubated at IIT Madras Incubation Cell, and India’s first Original Equipment Manufacturer (OEM) of compact underwater robots (Remotely Operated Vehicles or ROVs) capable of performing underwater inspection, closed a INR 14 Crores round of Series A Funding. This round of funding was led by Oil and Natural Gas Corporation Limited (ONGC) […]
The car and bicycle rental company Zoomcar have raised up to Rs 176 crore from Mahindra & Mahindra the Indian multinational car manufacturer. Mahindra & Mahindra (M&M) today said it will invest up to $27.6 million in-car and bicycle rental firm Zoomcar India and Zoomcar Inc, its US incorporated holding parent company. The deal specifies the […]
Indian Railway query platform RailYatri is in talks to secure a funding of $10 million from its existing investor Omidyar Network, a philanthropic investment firm. This third round of funding will also see participation from its other existing investors including Blume Ventures, Helion Venture, Nandan Nilekani according to the source ET. “While the talks are […]
Benchmark Sensex crashed over 300 points in afternoon trade today after Finance Minister Arun Jaitley announced 10 per cent tax on some long term capital gains in his Budget speech. The NSE Nifty also sank below the 11,000-mark during the Budget presentation. Sentiment also took a hit after the fiscal deficit target for 2017-18 was […]
Tech giant Google and online education leader Coursera today announced the launch of a certificate course aimed at filling entry-level IT support jobs globally. The Google IT Support Professional Certificate, developed by subject-matter experts at Google and offered exclusively on Coursera, will help anyone with no prior experience to be ready for an entry-level IT […]
Rishi Sunak, the son-in-law of Infosys chief Narayana Murthy, is among two new Indian-origin MPs to be inducted into the UK government by British Prime Minister Theresa May following the recent reshuffle of her team of ministers. Sunak, 37, a Conservative party MP for Richmond (Yorkshire), has been appointed the new parliamentary under- secretary of state […]
Canadian funds/firms have pumped in a full USD 20 billion in India, mostly by way of equity funds over the past decade alone, while bilateral trade is clipping at 30 per cent, both are going to get a fillip with the new bilateral pact, says an official. Fund inflows are set for acceleration with the […]
The Indian Institute of Foreign Trade has completed the Final Placements Process of its largest ever batch of 2016-18 in record time with offers from domain leaders of the industry, making it the fastest premier B-School to place its outgoing batch. A total of 31 students are placed in International Business roles in South America, […]
Infosys co-founder NR Narayana Murthy has flayed the high wage hikes that senior managements have been apportioning to themselves when the software industry is in trying times and has advised them to make “sacrifices” to maintain common mans faith in capitalism. Conceding that times are difficult for the IT services sector, Murthy dismissed the commonly […]