McKinsey appoints Gautam Kumra as India managing director
Global management and consulting firm McKinsey & Company has named Gautam Kumra its new managing director for India. Kumra was chosen through an election process and will occupy the corner office from the beginning of 2017, said people familiar with the development.Kumra, who heads the organisation practice for McKinsey’s Asia-Pacific ......
SaaS platform for corporate training HandyTrain bags $1 mn funding
Goa-based Handy Training Technologies Pvt Ltd, which owns HandyTrain, a Software-as-a-Service (SaaS) platform on mobile, has secured $1 million from various investors, according to a company press statement.HandyTrain is a platform that lets companies create and deploy programmes to train 50 to 25,000 people. The company claims to have crossed ......
IFC invests $65.8 mn in Apollo Health & Lifestyle
International Finance Corporation (IFC) has invested Rs 450 crore ($65.8 million) in Apollo Health & Lifestyle Ltd (AHLL) in return for a 29.03% stake, the company informed stock exchanges. The investment values the firm at Rs 1,550 crore.The investment will be channeled through IFC and IFC Asset Management Company, it said. The ......
TPG-backed surgical equipment firm Sutures explores IPO
Surgical equipment maker Sutures India Pvt. Ltd is meeting investment bankers to explore a possible initial public offering that could allow its majority stakeholder to partially exit, two people privy to the development told VCCircle.Sutures India is likely looking to ride on the success of the IPOs floated in the ......
Aircel-Maxis deal case: CBI chargesheets Maran brothers
Former Telecom Minister Dayanidhi Maran, his brother Kalanidhi Maran and six others were today chargesheeted before the special 2G court in the Aircel-Maxis deal case by the CBI which is probing the money trail of around Rs 600 crore allegedly used as bribe.Besides the Maran brothers, the CBI has named ......
Kae Capital backs vendor platform TheVetted
Vendor collaboration platform TheVetted has raised about $500,000 (Rs 3.4 crore) in seed funding from early-stage investment firm Kae Capital and other investors, a top company executive told VCCircle.Angel investor and former Facebook general counsel Rudy Gadre and a few serial entrepreneurs in the US also put money in this ......
Omni-channel shopping firm ShopsUp raises seed funding
Bengaluru-based HyperKonnect Technolgies Pvt Ltd, which owns shopping app ShopsUp, has raised seed funding of $1 million (Rs 6.6 crore) from two individual investors, a co-founder told TechCircle.Founded by serial entrepreneur Suhas Gopinath, the app will officially be launched today afternoon.The investors who participated in this round of funding include ......
Social impact fund Menterra backs ed-tech firm Math Buddy
Math Buddy, a Vadodara-based online math learning startup, has raised an undisclosed amount of seed investment from Menterra Social Impact Fund.The company will use the funds to expand to low-income schools in India and strengthen teacher engagement and training, it said in a statement.Math Buddy, run by Concept Learning Technologies ......
E-commerce Forum: Reg Servers Back Up; 35% Off Extended Till Monday
Update: Our online registration engine powered by EventAvenue was down from 2 PM today till a little while back. Since many of...
Trai starts consultation process for spectrum auction
Telecom regulator Trai today began the consultation process for the next round of auctions for spectrum held by mobile operators - Airtel, Vodafone, Idea and RCom - as some of their licences are set to expire in 2015-16."The Telecom Regulatory Authority of India has today released consultation paper on valuation ......
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