Today's Tech Check- "Roshini Nadar recerives Award, Adda 247 expands, ONDC hits records, Charanjit Attra Steps Down, Prosus, Accel, and Elevation Capital Gear Up for Swiggy's IPO by Selling Shares"
7th July, 2024
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1. “HCLTech's Roshini Nadar Receives France's Prestigious Civilian Honor: A Landmark Achievement”
HCL Technologies' Roshni Nadar Malhotra awarded France's Chevalier de la Légion d'Honneur
Recognizes her contributions to business and sustainability
Honors the growing economic and technological cooperation between France and India
Malhotra leads HCLTech's operations in France, a key strategic market
She is an activist for children's empowerment through the Shiv Nadar Foundation
#sustainability#war#business#strategic
2. “Adda247 Expands into Chartered Accountant Exam Preparation by Acquiring Ekagrata Eduserv”
Adda247 acquires Ekagrata Eduserv to enter CA test prep space.
Acquisition expands Adda247's reach to 40 Mn monthly users.
Ekagrata founder Anshul Agrawal joins Adda247 as Director - CA.
Adda247's revenue grew 88% to INR 243.39 Cr in FY24.
Adda247's revenue is primarily generated from app-based offerings such as paid video courses, live classes, and educational books.
#education#News#B2C
3. “ONDC Hits Record High with 10 Million Transactions in June, Retail Leads with 6 Million - Exclusive Report”
ONDC recorded 10 million transactions in June, a 10% increase from May's 8.9 million.
Retail transactions surpassed 6 million, up from 3.9 million in May, while mobility transactions declined.
ONDC plans to integrate banks and fintech platforms for credit disbursal.
The government launched a new initiative to onboard 500,000 MSMEs onto the ONDC platform.
Key figures involved: Jitan Ram Manjhi (Union MSME Minister), Tata Neu, Paisabazaar.
#bank#News#Tata#Tata
4. “Charanjit Attra Steps Down: A Comprehensive Look at His Resignation as Jio Financial Services COO”
Charanjit Attra resigns as Group COO of Jio Financial Services.
Attra appointed as MD and CEO of Jio Leasing Services, a wholly-owned subsidiary.
Attra's resignation effective July 8, 2024, assumes new role on July 9.
Attra joined Jio Financial Services as COO in July 2023 after serving as SBI CFO.
Hitesh Kumar Sethia approved as CEO of Jio Financial Services by Corporate Affairs Ministry.
#Jio
5. “Prosus, Accel, and Elevation Capital Gear Up for Swiggy's IPO by Selling Shares: What Investors Need to Know”
New investors, HNIs, and wealth management services buying shares, valuing Swiggy at $9.3 billion.
Prosus has invested over $7 billion in Indian startups, including Swiggy.
Accel invested in Swiggy's $1 million seed funding round in 2015.
Investors believe Swiggy could list with a valuation of $10-13 billion.
#Swiggy#News#funding#valuation#startup#billion
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