Profile building startup CareerLabs on Monday said it has secured USD 2.2 million in a new financing round led by Rocket Internet s VC fund Global Founders Capital to scale its platform. UPL Chief Digital Officer Toshan Tamhane, QuessCorp Founder Chairman Ajit Isaac, Spencer Stuart MD and Professor of ISB Rohit Kale, Nasdaq s former MD Ghanshyam Dass and Netflix India Director Abhishek Nag also participated in the funding round, CareerLabs said in a statement. CareerLabs was founded in 2019 by the ex-leadership team of Byju s, led by serial entrepreneur P N Santosh, ex-McKinsey alumnus and ex- founding member at Byju s, Krithika Srinivasan from University of Michigan and Prasanna Alagesan, an alumnus of IIM Bangalore.
April 05, 2021
Plans to scale up platform
CareerLabs, a profile-building platform for college students and working professionals, has secured $2.2 million in a new financing round as it looks to scale up its platform, which includes a new product.
Rocket Internet’s VC fund Global Founders Capital invested in the Bengaluru-based startup’s Pre-Series A round with participation from Toshan Tamhane, Chief Digital Officer, UPL; Ajit Isaac, Founder Chairman of QuessCorp; Rohit Kale, Managing Director, Spencer Stuart; Professors of ISB, Ghanshyam Dass, Former MD-Asia Pacific & Middle East, Nasdaq, and Abhishek Nag, Director of Business Development - India and South Asia, Netflix, and other angel investors.
The domestic markets rebounded smartly on Monday, rising nearly 2%, after a massive crash last week. Going into trade today, the BSE barometer Sensex could make a dash to reclaim the 50,000 mark amid a firm set of global cues. At 7.25 am, Nifty futures on the Singapore Exchange traded 102 points higher, indicating a gap-up start for indices back home. Besides, strong macroeconomic data and weakness in crude oil prices could also support the upside. India s goods and services tax (GST) collection surpassed the Rs 1 trillion-mark for the fifth consecutive month, touching Rs 1.13 trillion in February, indicating signs of improvement in the economy.
Here are the top stocks that are likely to be in focus today:
BPCL, OIL, Engineers India: Bharat Petroleum Corporation Ltd (BPCL) said it will exit Numaligarh refinery in Assam by selling its entire stake to a consortium of Oil India Ltd and Engineers India Ltd for Rs 9,876 crore.
Quess Corp: The company announced the separation of roles of its Chairman and Managing Director. Suraj Moraje, currently Group CEO and Executive Director, will be elevated to Group CEO and Managing Director from April 1, while Ajit Isaac, currently Executive Chairman and MD, will continue in the role of Executive Chairman.
Hero MotoCorp: The two-wheeler maker, on Monday, reported a 1.45 per cent increase in total sales at 5,05,467 units in February. The company had sold 4,98,242 units in the same month of the previous year.
Business services and global staffing provider Quess Corp on Monday announced the separation of roles of its Chairman and Managing Director. Suraj Moraje, currently Group CEO and Executive Director, will be elevated to Group CEO and Managing Director from April 1, while Ajit Isaac, currently Executive Chairman and MD, will continue in the role of Executive Chairman, the company said in a statement. The company also appointed N Ravi Vishwanath as CFO of the company effective April 1. Vishwanath was previously CFO of Teamlease and Finance Director at Sun Microsystems. Subramanian Ramakrishnan, the current CFO, is stepping down from the post on March 31, to pursue an entrepreneurial venture, the company stated.