Edutech start-up Taghive secures USD 2.5 mn from Korean investors Mumbai, Dec 21 (PTI) Samsung-backed edutech start-up Taghive has secured USD 2.5 million (Rs 18.9 crore) in Series-A funding led by Forest Partners, a leading alternative investment firm based in South Korea focused on investing in high growth companies.
This round was preceded by seed funding from Samsung Ventures in 2017, said Taghive, which plans to use the funds to upgrade technology and expand local teams to meet growing demand for its offerings.
Taghive has already partnered with UP and MP governments to launch its flagship app Class Saathi in over 2,200 public schools across these states and plans to take this into at least 5,000 schools by 2022.
* * * EV scooter major Okinawa grosses over 1 lakh cumulative sales * Okinawa Autotech, the electric scooter major, has sold over 1 lakh units of sales two-wheelers so far this year, driven by its popular and locally manufactured iPraise+ and Praise Pro which commanded 60-70 per cent share of the yearly sales.
To meet the growing demand for its scooters, the company has expanded its dealerships to over 400 catering to metros as well as tier-II and -III and rural markets, said Jeetender Sharma, MD and founder of Okinawa Autotech, which is as the second most selling EV scooters in the country.
* * * Arkade Group buys 3 plots for Rs 215 cr in Mumbai * Residential realty player Arkade Group has acquired three land parcels across the western suburbs of the city for Rs 215 crore, which on development will generate a topline (revenue) of around Rs 1,250 crore.
A few of the plots are outright purchases of a 1.5 acre plot at Goregaon and a half-acre at Marol, the company said.
It added that one plot is a redevelopment project that will see a further investment of Rs 120 crore and a potential construction area of 7.3 lakh square feet and topline of Rs 800 crore. Arkade has developed over 25 projects across the city so far, accounting for four million square feet across 4,000 units.
* * * HCL Tech inks five-year deal with CEMEX * New Delhi: IT firm HCL Technologies on Tuesday said it has signed a five-year agreement with CEMEX, a global construction materials company.
The partnership will see HCL Technologies delivering the next generation of employee services enabled by digital transformation, increased automation and near real-time analytics as part of the CEMEX ‘Working Smarter Program’, a statement said. This multi-year managed services agreement comes as HCL Technologies has made a strategic commitment to expand its services and customer base across Mexico, it added.
HCL Technologies recently appointed Pablo Gallegos as its Mexico country head to lead HCL’s strategy in the region. As part of the CEMEX agreement, HCL Technologies will focus on global end-to-end transformation of IT lifecycle management, including IT managed services, digital transformation, infrastructure and application services, and end-user support, the statement said. PTI BEN SR HRS hrs
