Sunday, May 26

Tag: KPMG

KPMG to Expand India Front by Hiring Around 9,000 employees
BUSINESS

KPMG to Expand India Front by Hiring Around 9,000 employees

The management consulting team of KPMG is working on hiring nearly 8,000-9,000 people in India. Following these appointments, a tenth of them to be deployed on projects overseas, as they see global clients increasingly demand from one of the big four audit firms to implement solutions and demonstrate results for the strategy guidance it gives them. Traditionally, consulting and advisory firms have looked at global companies and helped them draw strategy to either cut costs or improve business, most often using technology. One of the senior executives stated that the plan implementation is often done by their client employees or third party vendors based on these strategies. This is changing and the consulting firms are expected to deliver results, often pegging their fees to outcomes...
Ed Tech Platform Unacademy Eyeing To Raise $30 Mn
FUNDING

Ed Tech Platform Unacademy Eyeing To Raise $30 Mn

Unacademy, the popular online learning technology platform is gearing up towards raising a series-C funding round of $25-30 million led by Sequoia Capital along with another clutch of investors. The investment round will bring company's valuation close to around $100 million. Pixr8 had earlier reported Unacademy raising an INR 75 crores Series B round in September 2017 led by Sequoia Capital and Saif Partners along with Nexus Venture Partners and Blume Ventures. The Bengaluru-based startup is now India’s largest educational platform, helped over 300,000 students prepare to crack competitive examinations through over 2,400 online lessons, and specialized courses. It has an impressive board of educators on board ranging from influencers like Dr Kiran Bedi to teachers in smaller town...
Indian CEOs Optimistic About Economic Growth Outlook
ANALYSIS

Indian CEOs Optimistic About Economic Growth Outlook

Indian CEOs are confident about the growth prospects of the country over the next three years, compared to that of global economy, according to a KPMG report. Besides, more than half of the respondents believe their organisation will be completely transformed in the next three years, the report said. Further, they believe technology will be one of the top factors impacting growth of their organisations in the next three years. Yet 53 per cent respondents are struggling to keep pace with the rate of technological innovation in their sectors. According to the KPMG CEO Outlook, based on the inputs of over 130 Indian CEOs in navigating an increasingly complex and highly dynamic business ecosystem, 88 per cent of CEOs believe in better growth prospects for India compared to that of glo...
A Report Says Fintech Market is Expected to Double to USD 2.4 Billion By 2020
ANALYSIS

A Report Says Fintech Market is Expected to Double to USD 2.4 Billion By 2020

Indian financial technology (fintech) market is expected to double to USD 2.4 billion by 2020, primarily triggered by rising customer experiences, e-commerce and smartphone penetration, according to a report. Emergence of fintech companies in India is a prelude to the transformation in payments, lending as well as personal finance that has attracted significant investor interest, the joint report by KPMG India and Nasscom 10,000 Startups said. "Investor inclination in startup funding is evident in the swelling number of angel deals from 370 in 2014 to 691 in 2015 and investments increasing multi-fold from USD 247 million in 2014 to USD 1.5 billion in 2015," the report said. Global fintech investments rose to USD 19 billion last year with more than USD 8 billion coming from...