Former Dr. Reddy’s exec-led Slayback Pharma raises $60 mn from KKR
Slayback Pharma, LLC, a privately held pharmaceutical company founded by a former executive of Indian drugmaker Dr. Reddy's Laboratories Ltd, has raised $60 million (around Rs 400 crore) from global investment firm KKR, it said in a statement.The financing will help Slayback accelerate the development of its portfolio of generic ......
SAIF Partners hires former FreeCharge CEO Alok Goel as managing director
Venture capital and growth equity investment firm SAIF Partners has appointed Alok Goel, former chief executive officer of online recharge platform FreeCharge, as managing director, according to a press release.In this role, Goel will be looking into early stage investments."He brings a wealth of experience in business strategy, product, marketing, ......
Simplilearn to raise $40 mn from PE firms this year
Online certification course provider Simplilearn is planning to raise $30-40 million in Series D funding in the first half of this year, its founder and CEO Krishna Kumar told Techcircle. Simplilearn Solutions Pvt Ltd, which has so far raised $28 million from venture capital firms, last raised equity funding in April ......
Microsoft names Nadella as next CEO, Thompson chairman
Microsoft Corp named 22-year company veteran Satya Nadella as its next chief executive officer on Tuesday and said co-founder Bill Gates would step down as chairman and advise the new CEO on technology, marking an epochal change of control at the company that drove the PC revolution.Nadella, a 46-year old ......
Aavya Ventures of US backs driving school aggregator Drivekool
Bangalore-based online marketplace for driving schools, Drivekool, has raised an undisclosed amount in angel funding from US-based Aavya Ventures.The company plans to invest the money in expanding operations to new cities in Maharashtra, Mahesh Gidwani, co-founder and CEO of Drivekool, told Techcircle.in. In addition, it will use the capital to expand ......
Anuj Puri quits JLL India, Ramesh Nair to take over as country head
Real estate consultancy firm JLL India said its chairman and country head Anuj Puri has quit and Ramesh Nair will take over as head of India operations. Puri will move on from 28 February 2017 and Nair will assume his new role as chief executive officer and country head on 1 ......
Paytm, TaxiForSure’s founder, others back career advice platform TapChief
Bengaluru-based TapChief, owned by Pilani Experts Technology Labs Pvt. Ltd, has secured an undisclosed amount of funding from Paytm, TaxiForSure’s Aprameya Radhakrishna, Fisdom’s Subramanya Venkat and Nu Ventures’ Venk Krishnan, it said in a statement.The funds will be used to develop a ‘coach model’ which is a structured programme that ......
Avendus hires Sandeep Thapliyal to head NBFC business
KKR-controlled Avendus Capital has appointed former RBL Bank executive Sandeep Thapliyal as managing director and chief executive officer of Avendus Finance, which provides customised financing solutions to its corporates through structured debt, mezzanine, high-yield products, and capital structuring.Thapliyal joins the Mumbai-based investment bank from RBL where he was head of ......
Former MySpace CEO Michael Jones launches $30M VC fund to back Indian mobile startups
Michael Jones, former chief executive of MySpace, is raising a $30 million (Rs 190 crore ) venture capital fund named Science India Fund to invest in early-stage startups that are building mobile phone applications, The Hindu reported.He expects to close the fund in a few months.The fund is floated through ......
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