Wipro announced a five-year agreement to transform Sweden-based truck manufacturer Scania’s digital workplace services and assist it in its journey toward sustainable transportation solutions. According to an exchange filing, Wipro will provide automation and real-time analytics to help Scania employees create a future-ready workplace. Wipro’s Live Workspace will power this journey managed services solution. The… Read More »
BharatX, a fintech startup based in Silicon Valley, has raised $4.5 million in a funding round led by Y Combinator, 8i Ventures, Multiply Ventures, and Soma Capital. The funds will be used to increase the company’s team and develop its product. Arash Ferdowsi, Co-Founder of Dropbox; Harshil Mathur and Shashank Kumar, Co-Founders of Razorpay; Varun… Read More »
Fanztar, a blockchain-based creative monetization platform, raised Rs 5 crore from India Quotient in a funding round. ShareChat founders Ankush Sachdeva, Bhanu Pratap Singh, and Farid Ahsan were among the angel investors, as were Sarthak Misra, SoftBank India’s investment Director, Manohar Charan (ShareChat’s CFO), and Tarsame Mittal, Founder of TM Ventures. Fanztar will use the… Read More »
Hono, a human resource tech startup, announced a $5 million funding round led by Aakash Chaudhry, Managing Director of Aakash+Byju’s. Chaudhry has made a personal investment of $4 million, his first outside the education sector. Hono raised the remaining funds ($1 million) from Hemant Sultania, Amit Khanna of Amaya Ventures, and IndiGo Airlines, Spencer’s Retail,… Read More »
Multipl, a financial technology firm, has raised $3 million in a round led by Blume Ventures, GrowX Ventures, IIFL, and Kotak Securities Limited. According to the company, the funds will be used to broaden investment options and help Indians better plan their expenses. With investor support, they will fivefold their base and innovate five times… Read More »
NutriTap Technologies, a retail tech startup, announced a $1.5 million funding round led by Venture Catalysts, LetsVenture, IK Capital, Elysian Fintech, and a few retail industry HNIs. The funds raised will be used to expand in-house technology, invest in R&D, and expand presence across industries and cities. NutriTap, founded in 2018 by IIT Kharagpur alumni… Read More »
Graymatics, a leading video and image analytics solutions provider has launched PadoSee, an Indian residential security solution. PadoSee can be tailored to meet the specific requirements of individual homeowners, apartment complexes, and neighborhood surveillance. The system outperforms traditional home cameras and security monitors, eliminating the need for manual monitoring. Graymatics’ PadoSee is a solution powered… Read More »
HCL Technologies revealed an all-cash acquisition of Bengaluru-based Quest Informatics Private Limited – an aftermarket, Industry 4.0, and IoT company – through its wholly-owned subsidiary. Quest’s cloud-enabled aftermarket ERP, field services management, and digital parts catalog product suites currently serve more than 40 global aftermarket leaders. Aftermarket digital spending in the transportation and manufacturing industries… Read More »
Cashe, a consumer credit provider, has entered the wealth management space with the all-cash acquisition of Gurugram-based investment platform Sqrrl Fintech. The transaction is subject to regulatory approval. Cashe received Rs 140 crore in equity funding in January from its Singapore-based holding company, TSLC Pte Ltd, during which the company revealed its intention to enter… Read More »
The Larsen & Toubro Infotech (LTI) board recently authorized a merger with Mindtree, creating a $3.5 billion IT services provider. Larsen & Toubro owns both of these businesses. There will be no cash consideration in the transaction, which is scheduled to close in 9-12 months. Larsen & Toubro Infotech stated that for every 100 fully… Read More »
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