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Today we're going to talk about a logistics company that started out of a second hand van a decade ago. Founded in 2014 by a group of three friends, our guest is e-commerce express logistics company Ninja Van Group. Fast forward to the present, the firm is now a technology enabled logistics organisation backed by marquee investors including GeoPost, Alibaba, and B Capital Group. Just to give you a sense of the firm's scale, Ninja Van said it has a 100% coverage across Southeast Asia, with established operations and networks in six key markets. It offers logistics and supply chain products and services for nearly two million shippers, with some two million parcels delivered by its team of over 66,000 people daily. Ninja Van is a company that we want to look at because the firm had in April 2024 launched a cold chain offering called Ninja Cold, as well as a business-to-business offering Ninja B2B, as part of efforts to diversify beyond e-commerce and search for higher margin businesses. The move come as the firm's latest financial filings for the financial year ended June 2023 revealed a loss of S$326.8 million in 2023 versus a loss of S$250.2 million in 2022. So how does the firm assess its latest financial numbers? What does this say about the opportunities and challenges in operating and expanding within the logistics space? And how successful has Ninja Cold and Ninja B2B been over half a year after they were launched? On Under the Radar, Money Matters' finance presenter Chua Tian Tian posed these questions to Lai Chang Wen, CEO, Ninja Van.See omnystudio.com/listener for privacy information.
“Generosity is giving freely without expectations.” “People want to see a human leader.” “Communication is the number one challenge.” Chapters: 00:00 Introduction to Generous Leadership 02:49 The Journey to Generosity 05:51 The Importance of Communication 08:55 Understanding Generosity in Leadership 11:54 Diversity, Equity, and Inclusion 14:46 Generous Inclusion and Collaboration Episode Summary: In this conversation, Joe Davis discusses the concept of generous leadership, emphasizing the importance of connecting with others, effective communication, and the role of diversity and inclusion in fostering a positive work environment. He shares personal anecdotes and practical advice on how to be a generous leader, including the significance of feedback, vulnerability, and authenticity. The discussion highlights the impact of generosity on both individual and organizational success, ultimately leading to a more engaged and productive workforce. R.O.G. Takeaway Tips: Generous leadership is about giving freely without expectations. Effective communication involves listening and connecting personally. Diversity and inclusion are essential for business success. Being a generous ally means opening doors for others. Feedback should be constructive and aimed at development. Authenticity and vulnerability foster trust and connection. People want to feel valued and recognized in their work. Generosity in leadership leads to better team performance. Leaders should check in with their teams regularly. The return on generosity includes both personal fulfillment and business success. Guest Bio: Our special guest today is Joe Davis, a Managing Director and Senior Partner at the Boston Consulting Group. He is a former Head of BCG in North America and member of the firm's Executive Committee. He oversaw BCG's operations in the US, Canada and Mexico and was recognized as one of the Top 25 Consultants of the year in 2011. In The Generous Leader Joe tells a story about a performance review from early in his career: to summarize, he was told he is not the best at problem solving in a vacuum, but in collaboration with others, can solve any challenge, make change happen. Why? Because early in Joe's career this mentor identified his key strength—Joe was a person who could connect with anyone. This ability to connect with people became the foundation of a successful career at Boston Consulting Group, spanning more than 35 years, across multiple offices around the world, opening and growing offices, starting businesses, and helping to grow the firm. For more than three decades, Joe's passion for people and his desire to support their development, inspired teams to work harder and better than they thought possible, creating exceptional collaborative results for BCG and its clients. In keeping with his constant commitment to champion people and their dreams, Joe currently serves as Chair of BCG's Center for Inclusion and Equity. He is a co-founding Steering Committee member of CEO Action for Diversity and Inclusion and the Southern Communities Initiative. Joe is a graduate of Whitman College and currently serves as Chair of the Board of Trustees. Joe previously served as Vice Chair of B Capital Group. He earned an MBA from Harvard Business School. Joe has benefited from the generosity of a loving family: Sarah, his wife of more than 40 years, whom he met at Whitman College, his four children and their partners, and seven grandchildren. When he is not traveling the world for work or to be with family, you can find Joe running or gardening as his moving meditation. Resources: Using the Super Bowl to give back Joe's Website – All Videos Articles written about Joe Where to find R.O.G. Podcast: R.O.G on YouTube R.O.G on Apple Podcasts R.O.G on Spotify How diverse is your network? N.D.I. Network Diversity Index What is your Generosity Style? Generosity Quiz Credits: Joe Davis, Sheep Jam Productions, Host Shannon Cassidy, Bridge Between, Inc. Coming Next: Please join us next week, Episode 206, Host, Shannon Cassidy.
Today, we are joined by Joe Davis, Managing Director and Senior Partner at the Boston Consulting Group, who has navigated his remarkable career from a humble start as a sales rep at Procter & Gamble to steering BCG North America through the turbulent waters of the COVID-19 pandemic. Joe shares insights from his latest book, "The Generous Leader," and discusses how fostering positive cultures and championing people has shaped his leadership style, aligning perfectly with our "Do Good to Lead Well" philosophy. Joe Davis' journey is more than just a career path; it's a testament to the power of honesty and openness in leadership. He walks us through instances of profound vulnerability, highlighting how saying "I don't know" can build trust and authenticity within teams. Joe challenges traditional leadership paradigms, presenting a compelling case for the transformative power of generous leadership. From the importance of asking questions to fostering inclusive environments, Joe shines a light on the importance of leading with heart and authenticity. We explore how simple gestures of recognition can strengthen team bonds and promote an inclusive atmosphere. With insights from industry titans and practical advice for leaders at all levels, this episode is filled with actionable insights for anyone looking to take their leadership to the next level. What You'll Learn: • The essence of generous leadership • The power of asking over telling • The significance of vulnerability during challenging times • The impact of small gestures of recognition • Strategies for fostering an inclusive and diverse work environment Podcast Timestamps: (00:00) – The Journey to Generous Leader (12:13) – What Is A Generous Leadership? (15:36) - The Power of Generous Leadership (20:43) - Effective Questioning is the Cornerstone of Effective Leadership (28:46) – Vulnerability in Generous Leadership (36:20) - Inclusive Leadership Through Action (44:28) - Empathy and Perspective-Taking Key Topics Discussed: Positive Leadership, Transformational Leadership, Vulnerability, Empathy, Questioning, Leading Teams, Boston Consulting Group, The Generous Leader, Human Connections, Inclusive Work Environment, Authenticity, Generosity, Diversity and Inclusion, Role Modeling, Perspective-Taking, Active Listening, Navigating Biases, Managing A Diverse Workforce More of Joe: Joe Davis is a Managing Director and Senior Partner at Boston Consulting Group (BCG), where he chairs BCG's Center for Inclusion and Equity and is the North America Regional Chair Emeritus. Since joining BCG in 1988, Joe has held various leadership roles, including co-founding the Washington, DC office and launching BCG's Federal Public Sector practice during the 2008 banking crisis. His public sector work earned him recognition as one of Consulting Magazine's Top 25 Consultants in 2011. Joe also led BCG's West Coast, where he played a key role in bringing Super Bowl 50 to San Francisco. In addition to his BCG responsibilities, he serves as Vice Chairman of B Capital Group. Before BCG, Joe worked at Procter & Gamble. He holds a BA in Economics from Whitman College and an MBA from Harvard Business School. Joe has been married to his spouse, Sarah, for over 35 years and has four children. LinkedIn: https://www.linkedin.com/in/joedavis1313/ More of Do Good to Lead Well: Website: https://craigdowden.com/ LinkedIn: https://www.linkedin.com/in/craigdowden/
My guest today is Joe Davis, Managing Director and Senior Partner at Boston Consulting Group. He is the Chair of BCG's Center for Inclusion and Equity and BCG's North America Regional Chair Emeritus. Joe's practice area focus includes Public Sector, Retail, and People and Organization. He also serve as the BCG executive sponsor and Vice Chairman of B Capital Group where he is responsible for deepening the partnership between BCG and B Capital. The topic is his book The Generous Leader: 7 Ways to Give of Yourself for Everyone's Gain. In this episode of Trend Following Radio we discuss: Leadership styles and approaches Pivotal moments and experiences shaping individuals' paths Prominent business leaders Diversity, Equity and Inclusion (DEI) Meritocracy and its implications for equal opportunities Controversies surrounding DEI efforts and societal divisions Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!
My guest today is Joe Davis, Managing Director and Senior Partner at Boston Consulting Group. He is the Chair of BCG's Center for Inclusion and Equity and BCG's North America Regional Chair Emeritus. Joe's practice area focus includes Public Sector, Retail, and People and Organization. He also serve as the BCG executive sponsor and Vice Chairman of B Capital Group where he is responsible for deepening the partnership between BCG and B Capital. The topic is his book The Generous Leader: 7 Ways to Give of Yourself for Everyone's Gain. In this episode of Trend Following Radio we discuss: Leadership styles and approaches Pivotal moments and experiences shaping individuals' paths Prominent business leaders Diversity, Equity and Inclusion (DEI) Meritocracy and its implications for equal opportunities Controversies surrounding DEI efforts and societal divisions Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!
Sean Behr is the CEO of Fountain, the company transforming the hiring process for hourly workers. Sean and the team have helped more than 80M applicants in 75 countries at places like Stitch Fix, sweetgreen, and gopuff. Fountain has raised $225M to date most recently through a $100M series C last June from an amazing list of investors including B Capital Group, SoftBank, DCM, and Uncork Capital.Sean joined Fountain as CEO in 2020 after founding fleet infrastructure platform Stratim, serving as SVP of Adap.tv through its acquisition by AOL, and holding various management roles at Shopping.com.Listen and learn...How Sean is creating opportunities for frontline workers around the worldWhat's uniquely challenging about hiring frontline vs. knowledge workersHow long before robots will replace human frontline workersThe ethical implications of using AI in hiringWhat biases are embedded in the hiring process... without AIWhy the future of hiring... is more human thanks to AIReferences in this episode...May Habib, Writer CEO, on AI and the Future of WorkJosh Bersin, HRTech pioner, on AI and the Future of WorkWhy every organization needs a Chief Ethics Officer
Take a look at some of the highlights from the 2023 season of the Private Equity Value Creation podcast. In these bite-sized value creation insights from firms including Hg Capital, B Capital Group and JMI Equity, you'll learn about tried-and-tested strategies for portco hiring, financial management, sales processes and much more.
In this episode of "Investing in Integrity", Ross Overline has an enlightening conversation with Howard Morgan, a formidable figure in the tech world and current chairman of B Capital. Howard walks us through his exciting journey from academia to tech innovations, recalling his impactful roles at First Round Capital and Renaissance Technologies. Venturing deep into the world of investments, Howard reveals some of his successful bets and those he passed on. Interestingly, he sees a connection between academia and venture capital - both are about nurturing fresh talent. He also sheds light on the values that drive him: persistence, passion, and humility. Life outside of business is also bustling for Howard. He stresses the importance of human connection when choosing business partners and shares insights into his disciplined personal routine, which astonishingly includes reading 160 books a year and prioritizing fitness. As the conversation draws to a close, Ross and Howard delve into a transformative concept: redefining the finance sector's role in fostering global betterment. They discuss the potential for future finance professionals to effect real change, striking a harmonious balance between achieving financial success and making a meaningful, positive impact. Ready to dive deeper into this riveting discussion? Tune in now and enrich your perspective!
Shiv Narayanan interviews Allen Duan, General Partner at B Capital Group. Allen and Shiv discuss how B Capital Group's role as minority investors influences their approach to value creation and how they leverage the experience of advisors and partners. Learn how you can guide companies towards growth through team and organization, capital advisory, strategy and operations, BD and ecosystem development, and community knowledge sharing. Resources Learn more about B Capital Group Connect with Allen Duan - LinkedIn The information contained in this podcast is not intended to constitute, and should not be construed as, investment advice.
Southeast Asia may be clubbed as one region in global reports but anyone who has stepped foot here knows that there is no “SEA”. Each market is unique in its cultural and socioeconomic nuances, offering plenty of opportunities for brands who understand how to communicate their value proposition to a varied set of audiences. Very few brands are as familiar with these nuances as Aspire, one of the fastest growing fintechs in Southeast Asia. Aspire was founded in 2018 and since then has raised a total of almost $300 million dollars from well known VCs such as Sequoia Capital, Massmutual Ventures, B Capital Group, and Lightspeed Ventures, to fuel their ambition of becoming an “end-to-end financial operating system” for Southeast Asian businesses. In this episode, we talk to Thomas Jeng who is currently the General Manager of Aspire and formerly the head of Sales at Aspire. Prior to Aspire, Thomas has led commercial and strategy teams at 500 Startups, Gnowbe, and Appworks. He has also mentored hundreds of startups across SEA and has worn the hat of a consultant with BCG and Gartner at the beginning of his career. Thomas's career has spanned from Washington DC to Taipei to Silicon Valley and now to Singapore. Together with Thomas, we explore the similarities and differences between various markets in Southeast Asia, the importance of audience segmentation and how to get it right, how to set up your teams, systems and processes for selling into SEA, and ultimately how to run a sales team in a high growth organization. Mentions: Stuart Butterfield's essay on category creation https://medium.com/@stewart/we-dont-sell-saddles-here-4c59524d650d Connect with Thomas Jeng at https://www.linkedin.com/in/thomasjeng/ . Connect with the hosts: Romka Walkowiak: https://www.linkedin.com/in/romka-walkowiak and Adarsh Noronha: https://www.linkedin.com/in/adarshnoronha/ Thank you for tuning into Asia Growth Forecast! Don't forget to hit subscribe and follow us on Apple Podcasts or Spotify or wherever you get your podcast (so you never miss an episode)! If you love this show, please leave us a 5-Star Review and share your favorite episodes with friends.
In this episode you will learn:What were the motivations behind Chandan's career pivots from consulting to working at Twitter and then joining B Capital?What are the key areas of focus for B Capital's operating team, and how do they provide value to portfolio companies?How does B Capital proactively identify potential crises and provide support to their portfolio companies?How does Chandan measure success in her role?How can startups minimize poor decisions, especially in a challenging environment?What are some strategies startups can employ to thrive during tough times?How should startups approach fundraising during such a period?AboutChandan Deep is the Vice President of Strategy and Operations on B Capital Group's Platform team covering India and South East Asia. Chandan has a passion to build and operationalise businesses within the tech space and partners closely with founders of BCap's portfolio companies to help them scale.Prior to B Capital, Chandan launched and grew Twitter's commercial operations in emerging markets for Asia Pacific as the company commenced it's monetisation journey post IPO. She also spent several years in management consulting with Accenture and the Boston Consulting Group. A keen champion of women in tech, she seeks to actively mentors young professionals and has previously led Twitter's women chapter in Asia and co-founded Connected Women, a leadership forum to bring together women across Facebook, Twitter, LinkedIn, Airbnb & Google.Chandan earned a B.A. in Economics from the Shri Ram College of Commerce and an M.B.A. from Faculty of Management Studies in Delhi. Raised in India, she now lives in Singapore with her husband and her two sons. She enjoys good food, design, décor and fitness.
In this episode we speak with Sean Behr, CEO of Fountain. Founded in 2014, Fountain started with a vision to transform the hiring of hourly workers. The company's purpose-built solution is designed to help companies hire high volumes of workers, faster by combining the power of automation with a data-driven applicant tracking system. The company is backed by B Capital Group, Softbank, DCM Ventures, and Y Combinator, among others. Sean joined Fountain as CEO in 2020. Prior to joining the company, he served as CEO and Founder of Stratim (acquired by KAR), an intelligent mobility and fleet infrastructure platform powering the future of transportation. I am your host RJ Lumba. We hope you enjoy the show. If you like the episode, click to subscribe.
#ula #ecommerce #Internet #Indonesia Ula's Nipun Mehra: Conquering Indonesia's Vast and Fast-Growing E-Commerce Market Nipun Mehra, the Founder and CEO of Indonesia-based e-commerce firm Ula, came to entrepreneurship late in life, having first worked at Sequoia Capital, Flipkart, Pine Labs, Amazon and Boston Consulting. The delay didn't hurt though, with Ula now counting Jeff Bezos, Prosus Ventures, Tencent and B-Capital Group among its investors, hoping to capture a portion of the $300B+ retail market in the region. This is his story and life- and business lessons. (This interview was part of a collaboration with CGS-CIMB and Endeavor Malaysia as part of the 'Thought Inspire' Series, filmed at the Asia School of Business, a partnership between MIT Sloan School of Management and Bank Negara Malaysia.) --- CONTENTS 00:00:00 - Intro 00:00:53 - Which Came First: Employment or Entrepreneurship? 00:03:22 - Get a Job First? 00:05:05 - When Was the Plunge Taken? 00:06:11 - Which Skills Were Most Valuable? 00:07:15 - What Do Blue-Chip Investors Like Sequioa Seek in Entrepreneurs? 00:12:49 - Does Academic Excellence Matter? 00:15:31 - Should Entrepreneurs Expand to Indonesia, ASEAN's Biggest Market? 00:18:24 - In New World Order, Should Entrepreneurs Pivot to Profit Instead? 00:22:08 - How To Choose A Market to Operate In? 00:28:46 - In Tech, Layoffs & Cost Cuts. Discuss. 00:31:19 - Have Valuations Suffered in the Current Market Conditions? 00:34:48 - Managing Investors When Valuations Fall 00:38:27 - Where to List? Asia or US? 00:42:36 - Why Did Jeff Bezos Invest in Ula (And In His Personal Capacity) 00:45:31 - Nipun's 60-Second Pitch to Amazon's Jeff Bezos 00:46:20 - What Does it Take to Succeed in Indonesia? 00:48:18 - How to Scale In Indonesia 00:49:26 - How to Develop Expectations Jointly With Investors 00:52:40 - What Are Tencent's Expectations? FOLLOW NIPUN HERE: LinkedIn: https://t.co/8lI1IVZcuf Twitter: @nipunmehra Endeavor: https://endeavorindonesia.org/nipun-mehra/ --- Follow Chuang here: URL: http://www.domore.my/ LinkedIn: https://www.linkedin.com/in/hsu-chuang-khoo-ab199343/ FB: https://www.facebook.com/khoo.chuang/ IG: https://www.instagram.com/khoohsuchuang .. Follow DoMore here: WEBSITE: https://www.domore.my/ YOUTUBE: https://www.youtube.com/c/DoMoreTakeChargeofYourLife ITUNES: https://apple.co/2lQ47mS GOOGLE PLAY: https://bit.ly/3b1l8iO SPOTIFY: https://tinyurl.com/y6zufvcp PODBEAN: https://domoreasia.podbean.com/ INSTAGRAM: https://www.instagram.com/domore.asia/
If you have traveled at all lately, you know that the industry needs a reboot and Jeff Katz is trying to do just that. Having rebooted the travel space as founding chairman and CEO of Orbitz, he is looking to do it again as the CEO of Journera, a travel technology company recognized as one of the most innovative travel companies, offering real-time, complete views of a traveler's journey. With a fresh round of capital from A16z, B Capital Group, BCG and PAR Capital, Journea is creating a new category in the connected tissue between travelers and travel companies. Frequent travelers know that the sector could use more innovation like what AI powered companies Hopper and Journera are delivering, so I invited Jeff to join me for an episode of The Reboot Chronicles to see what's next. --- Send in a voice message: https://anchor.fm/rebootchronicles/message
Remote work now seems to be the dominant way to operate. A new era that isn't going to go away. As many companies, from startups to international banks, grapple with the change, Chris Herd's company is stepping up to help. The venture, Firstbase, has attracted funding from top-tier investors like Andreessen Horowitz. B Capital Group and Alpaca VC.
Chris Bishop's latest Quantum Tech Pod provides expert insight in a group conversation with three amazing guests: whurley, CEO, Strangeworks; Ilana Wisby, CEO, Oxford Quantum Circuits and Morgan Polotan, Senior Principal, B Capital Group. The topic: “How to do due diligence on a quantum company.” Topics include balancing conflicting information, managing LP expectations about ROI, importance of partnerships and government investment and the need for reverse due diligence to make sure the VC is the right partner for your journey. Check it out here. #quantumtechnology #quantumcomputing Inside Quantum Technology #investinginquantum
Howard Morgan of B Capital Group joins Nick to discuss Founding Renaissance Technologies & First Round Capital, The Origins of Idealab, Reasons Not to Grow your Fund, and How Sourcing from YC Has Changed. In this episode we cover: Starting the First Quantitative Hedge Fund Idealab's First Check The Story Behind the Founding of First Round Capital What's Ahead in The VC Funding Markets Missed a recent episode? Go to The Full Ratchet blog and catch up! Also, follow us on LinkedIn and Twitter.
We have an exciting episode ahead. We are joined by Jessica Bell van der Wal, co-founder and CEO of Frame Fertility, as well as with one of her seed investors, Margaret Malone from Flare Capital. They will each share their perspective on the fundraising process and the relationship between entrepreneur and investor after the round closes. Jessica Bell van der Wal has ~20 years of experience as a cross-functional executive, team leader and operator and has sold digital health products to patients, payers and employers at companies such as Genentech, Nike and Castlight Health. She serves as an advisor and Board Member for various early stage digital health / private companies and nonprofits, and she loves supporting women as a mentor especially through her role as a Co-Chair of 50/50 Women on Boards. Jessica holds an MBA from Harvard Business School and a bachelor's in public health from UNC Chapel Hill. In 2020, Jessica founded her own digital health venture, Frame Fertility, which helps individuals and couples plan ahead for expanding their family and know their risk factors early to avoid a downstream and often costly fertility crisis. She is also the proud mom of 2 year old Parker, who inspired her work at Frame, which she started with her partner, Corey, following their own tough fertility experience. Margaret Malone is a principal at Flare Capital. She was a member of the deal team for Flare's investment into BeMe Health, Cayaba Care, Eden Health, Elektra Health, and Oshi Health. In addition, she led the firm's Flare Scholar Ventures investments into Darby, Docent, Frame Fertility, and Visana Health. Before joining Flare Capital, Margaret partnered with entrepreneurs and investors to build executive teams and create the foundational human capital strategy for early-stage healthcare companies while at Oxeon Partners. Margaret also brings experience in healthcare-focused venture capital through her prior roles at 7wire Ventures and B Capital Group. She began her career as a clinical operations consultant with Huron Consulting Group's healthcare practice. Margaret is also a co-founder of Dropping Claims, a content platform powered by the HealthTech Grind, a community of 300+ women entrepreneurs, operators, and investors passionate about health tech. --- Support this podcast: https://anchor.fm/theia-hc/support
Lakshmi Potluri, Head of Asia Business Development, B Capital Group, is among the few leaders today who have an exceptional track record in scaling digital businesses and investments. She has built up four digital companies from scratch, including Shopify India where she was Country Head. Her journey as an entrepreneur and investor gives her unique insights into how to establish and scale digital businesses across geographies. In this episode of CXXO #NoCeiling, Lakshmi discusses scaling new-age businesses and more.#NoCeiling, a platform where women leaders share valuable learnings from their journeys.For more updates on our sessions, follow @CXXO on LinkedIn & Twitter! If you have any suggestions, please reach out to us at podcast@kalaari.com. We would love to hear from you.For more podcasts and resources, visit our website- kalaari.com/resources
This week in Indian startup news, Karnataka HC quashes FIR against Dream11 founders, Navi Technologies expected to file for IPO, Meesho expected to file for IPO by early 2023 and Info Edge acquires 76% stake in dating app Aisle. In funding news, CredAvenue raises $137 million to become a unicorn, Money View raises $75 million, Jiffy.ai raises $53 million and Captain Fresh raises $50 million. Karnataka HC quashes FIR against Dream11 founders: Karnataka High Court has finally quashed the FIR that was filed against Dream11 founders Bhavit Sheth and Harsh Jain last year. Last month, the Karnataka High Court had struck down the amendments in the Karnataka Police Act 1963 - which banned all kinds of real money-based online gaming platforms. Now that there was no law prohibiting Dream11 from operating in the state, the FIR seems pointless and the Karnataka High Court has quashed the FIR against their co-founders. Navi Technologies expected to file for IPO: According to media reports, it looks like Sachin Bansal's second venture Navi Technologies is gearing up to file for an IPO as soon as this week. A good sign for potential investors is the fact that Navi will only be issuing fresh shares for the IPO - which means none of the investors will be selling their stake in the company. Meesho expected to file for IPO by early 2023: Indian social commerce unicorn Meesho is also looking to go public by early 2023 and right now they are still looking at both Indian and US exchanges for a listing. Meesho was last valued at $4.9 billion and they've already raised $1.1 billion from their investors. Info Edge acquires 76% stake in dating app Aisle: Info Edge has acquired a 76% stake in an online dating platform Aisle. With this acquisition, Info Edge wants to strengthen its position in the Indian matchmaking space - they already have Jeevansathi.com geared towards marriage, now Aisle could help them enter India's rapidly growing online dating market as well. CredAvenue raises $137 million to become a unicorn: CredAvenue, an online debt marketplace for startups and businesses to secure debt from banks and NBFCs, has raised $137 million in a round led by Insight Partners, B Capital Group and Dragoneer at a $1.3 billion valuation – making them India's 11th unicorn of 2022. Money View raises $75 million: Money View, which offers personal loans and BNPL options to its users, has raised $75 million at a $626 million valuation to grow and scale its core credit business and also to expand its product portfolio by adding digital bank accounts, insurance and wealth management products. Jiffy.ai raises $53 million: B2B automation platform Jiffy.ai has raised $53 million in a round led by Eight Roads Ventures to scale their sales and marketing efforts and strengthen their AI-enabled no-code automation platform HyperApps. Captain Fresh raises $50 million: B2B seafood marketplace Captain Fresh has raised $50 million in a round led by Prosus Ventures and Tiger Global at a $500 million valuation to scale their international business.
Meesho is preparing for an IPO as early as 2023, Reuters reports, citing an internal company document it has seen. According to Reuters, the Bangalore company is working to be ready for a listing by the end of 2022 and is evaluating both Indian and US exchanges. Ninjacart, an agri-tech platform provider, has launched a $25 million fund. And CredAvenue has raised $137 million, tripling its valuation in the process, according to ET. Meesho is preparing for an IPO as early as 2023, Reuters reports, citing an internal company document it has seen. According to Reuters, the Bangalore company is working to be ready for a listing by the end of 2022 and is evaluating both Indian and US exchanges. Meesho, which raised $570 million in September last year, is moving away from its social commerce roots to become a larger e-commerce company. Its venture capital investors valued it at $4.9 billion in September. CredAvenue, an online debt marketplace for businesses, has raised $137 million in funding led by Insight Partners, B Capital Group and Dragoneer, Economic Times reports. According to ET, existing investors also participated, and the company's valuation has tripled to $1.3 billion from September last. Nikhil Sachdev, managing director at Insight Partners, will join CredAvenue's board of directors. Ninjacart, an agri-tech platform provider, has launched a $25 million fund to support emerging and new-age startups in the agriculture sector, the company said in a press release. Ninjacart will make seed investments in new startups, as well as exceptional tech teams even though they may not immediately have specific ideas or solutions. Apollo.io, a San Francisco company that provides a sales intelligence and engagement platform, has closed $110 million in a Series C funding led by Sequoia Capital, along with existing investors Tribe Capital, Nexus Venture Partners, and NewView Capital, the company said in a press release. With this funding, the Silicon Valley company, which also has a Bangalore centre, will accelerate its product-led growth, nearly tripling its investment in product and engineering. The company has raised over $150 million to date. Nasscom has announced a Launchpad Programme for Canada in partnership with the Province of New Brunswick, Nova Scotia, and the City of Brampton that will help Indian tech companies expand into the North American Market, the Indian tech lobby said in a press release on Friday. Log9 Materials, a battery cell technologies company, has entered into a three-year agreement to collaborate on a mutual-interest basis with the Centre for Automotive Research and Tribology at the Indian Institute of Technology, Delhi, the Bangalore startup said in a press release. Aston Martin has teamed up with lithium-ion battery cell technologies company Britishvolt to make batteries for the British luxury car maker's high-performance vehicles, according to Green Car Reports. Aston Martin plans to launch its first battery-electric vehicle in 2025, which is expected to directly replace one of the automaker's current front-engine sports cars. The automaker also aims to provide an electrified powertrain option to all new product lines by 2026. The company expects 95 percent of its lineup to be electrified (meaning hybrid or all-electric) by 2030, with the remaining 5 percent retaining gasoline-only powertrains limited to track use. Green Car Reports https://shrtm.nu/POZ6 Theme music courtesy Free Music & Sounds: https://soundcloud.com/freemusicandsounds
In this conversation with Rashmi Gopinath, General Partner at B Capital Group, she talks about enterprise software trends and industry benchmarks. Hear about some of the metrics that are dipping, the companies that are transitioning from traditional sales to a sales-assist motion, and how Rashmi keeps herself engaged in the industry.Episode Outline[00:36] B Capital Group[03:01] Surprises in the last 12 months[06:09] New low metrics[11:12] Traditional enterprises trying to be a PLG[13:02] Transitioning from traditional sales to sales-assist[16:48] What keeps Rashmi energized, interested, and engaged?Connect with RashmiLinkedInTwitterWebsiteConnect with Matter Made WebsiteLinkedIn (Matter Made)LinkedIn (Elias Rubel, CEO, Matter Made)
Lever, a leading Talent Acquisition Suite, has completed a $50 millionSeries D funding round with the Apax Digital Fund. The funding comes as the market for talent acquisition is continuing to heat up, and companies face the most competitive market for hiring and retaining talent to date. The investment in Lever will accelerate solution development in talent analytics, top-of-funnel talent discovery, and diversity, equity, and inclusion (DEI) as well as support growth in new markets, and continued product innovation. https://hrtechfeed.com/lever-raises-50-million/ Fountain, the world's leading all-in-one applicant tracking system for high volume hiring, today announced $85 million in Series C financing, led by SoftBank Vision Fund 2* with participation from B Capital Group and Mirae Asset Venture Investment, and existing investors DCM, Origin Ventures, Commerce Ventures, SemperVirens Venture Capital and Uncork Capital. This new round follows strong company momentum in 2021 as revenue grew 220% year-over-year. Fountain now has more than 250 customers including Chipotle Mexican Grill, John Lewis & Partners and Just Eat Takeaway. With the Series C, Fountain has now raised $119 million to date. Fountain will use the new funding to continue to invest in innovation of its hiring platform, as well as to grow its sales and engineering teams and its operations and presence in EMEA and APAC regions. https://hrtechfeed.com/fountain-raises-85-million-to-help-companies-hire-hourly-workers/ Contra, a professional community that empowers anyone to work independently, today announced the launch of commission-free payments and $30M in Series B funding to help Contra on its journey to revolutionizing the way independents work.The funds will be used for internal hiring and further product innovation as Contra scales to meet the needs of the millions of independent workers that value the freedom, autonomy and financial benefits of the freelance lifestyle. Contra has combined every aspect of the independent journey into one platform and gives independents all the tools they need to build their professional identities and work the way they want. https://hrtechfeed.com/independent-worker-community-lands-30-million-in-funding/ Fiverr announced the acquisition of Stoke Talent, an intuitive all-in-one solution to help companies manage their work with freelance talent, for $95 million. This includes tools to onboard, pay, track budgets and more. With Stoke's product suite, Fiverr is looking to add more value to larger businesses and integrate with existing corporate workflows. https://hrtechfeed.com/fiverr-acquires-stoke-talent-freelance-management-platform/ When I Work, a leading SaaS employee scheduling, time-tracking and team messaging platform, today announced it has secured a $200 million growth investment. Founded in Minneapolis and now operating as a remote-first company, When I Work is a leading provider of shift-based workforce management software that delivers a powerful, employee-first experience to streamline scheduling, enhance internal communication and more efficiently track time. Since its founding in 2010, more than 10 million hourly employees have used the frictionless platform to easily view and swap shifts, clock in, view hours worked, request time off and seamlessly communicate with their managers and co-workers. https://hrtechfeed.com/hourly-worker-scheduling-app-raises-200-million/
After getting his first startup acquired, Johan Attby has gone on to raise $70M for his second profitable venture. His startup, FishBrain has acquired funding from top-tier investors like Consensus Asset Management, Softbank Ventures Asia, Adrigo Asset Management, and B Capital Group.
After getting his first startup acquired, Johan Attby has gone on to raise $70M for his second profitable venture. His startup, FishBrain has acquired funding from top-tier investors like Consensus Asset Management, Softbank Ventures Asia, Adrigo Asset Management, and B Capital Group.
"You can imagine the guilt - here I was building my startup when my actual baby was not coping well in school; with a learning disability, and recent epilepsy incident."We love rooting for the underdog- but what does it really take to rise despite the odds, as THE underdog? Rosaline Koo founded CXA Group from her living room in 2013 after a storied career with multinationals, with ambitions to transform health benefits for employees. Tune in to her story from risking all her family savings to build her startup; to scaling to over a million users, raising over $50M from the likes of Facebook co-founder Eduardo Saverin's B Capital Group, EDBI, Openspace Ventures and more.--Billion Dollar Moves is THE show for the top US-Asia funders, founders and execs. From building a unicorn to IPO, and scaling a VC firm - all of these efforts require vision from the leaders at the helm. --
Nektar.ai, a B2B productivity startup, has raised an additional $6 million seed funding round led by B Capital Group, 3One4 Capital, and Nexus Venture Partners. Several well-known Go To Market players in the US-Asia cross-border SaaS ecosystem took part in the round.McAfee Enterprise has announced the launch of MVISION Private Access, an integrated strategy for granular ‘Zero Trust' access and extending data and threat security capabilities to private apps hosted across hybrid IT environments. Baxter International Inc., a global medical products firm, is partnering with Amazon Web Services (AWS). As part of a company-wide push to increase cloud usage, Baxter has extended its multi-year strategic partnership with Amazon Web Services.Bridgestone Americas enters a definitive agreement to purchase Azuga Holdings for $391M from shareholders to strengthen its Silicon Valley presence and accelerate its progress towards delivering sustainable tire-centric and mobility solutions. Salesforce announced a definitive acquisition agreement with Servicetrace (financials undisclosed) to integrate it with a previously acquired company, MuleSoft. The transaction would close this October and the new Robotics Process Automation (RPA) capabilities of Servicetrace would enhance Salesforce's Einstein Automate solution and enable end-to-end workflow automation.Nozomi Networks has announced a $100M in Series D and a pre-IPO funding round led by Triangle Peak Partners. It states that this has been a year of record growth, topping a 110 percent increase in annual recurring revenue and a two-fold increase in customer base.
Dave Ng is a General Partner at Altara Ventures, a leading Southeast Asia-based venture capital firm. At Altara, he focuses on backing the next generation of promising entrepreneurs building for the region and beyond. Previously, Dave was Head of Southeast Asia for Eight Roads Ventures where he led investment and portfolio activities for the region. Before that, he was Venture Partner at B Capital Group, where he helped launched its Asia office. Over the past decade, Dave has the opportunity to partner up with many talented founders, including FreeAgent CRM, LeadIQ, Ninja Van, Carro, StashAway, Akulaku, and Icertis. Prior to investing, Dave spent many years building and operating within the technology industry. He was a director at Oracle focusing on its Cloud business, an early employee at enterprise SaaS pioneer Zuora (NYSE: ZUO), and has advised major corporate leaders as a management consultant at the Boston Consulting Group. He began his career in product and engineering as a software engineer at Oracle, delivering multiple major product releases. Dave graduated from Carnegie Mellon and Harvard. In his free time, he enjoys sharing his experiences and discussing exciting innovations with fellow entrepreneurs. Read more about Altara Ventures here https://altaraventures.com/ and connect with Dave on Linkedin here https://www.linkedin.com/in/dave-ng-487773/ If you enjoyed this podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 30 seconds, and it really makes a difference in helping to convince new guests to come on the show, and on top of that, I love reading the reviews! Follow Andrew: Website: https://andrewsenduk.com/ Instagram: https://www.instagram.com/andrew.senduk/ Linkedin: https://www.linkedin.com/in/andrew-senduk-1980/
Hewlett Packard Enterprise (HPE) has acquired Zerto in a $374 million all-cash deal, expected to close by the end of HPE's fourth quarter. The move is aimed at expanding HPE GreenLake cloud services.Hypersonix, an enterprise AI platform for commerce, has announced that it has raised $35 million at a valuation of $200 million in a Series B funding round led by B Capital Group. Other participants include Intel Capital, Firebolt Ventures, Magicus Ventures, and Gokul Rajaram, among others. Monisnap, a remittance fintech company, has raised $11.8 million in a fresh round of funding. The funds will be used to expand the company's global client base, quadruple its technical staff, strengthen its B2B service, and improve its mobile money product. Currently, the Monisnap platform is used by over 200,000 people to send money to developing countries through over 100,000 local partners in over 100 countries.Codat gets $40 million in a Series B financing round led by Tiger Global. Codat intends to utilize the cash to expand in the United States, provide more data products to its API, recruit faster, and onboard more clients. Codat's goal is to assist small businesses by allowing suppliers to interact with all software packages that SMEs use using a single standardized API. Montreal-based Paper, a software provider of high-dosage tutoring, has announced its Series C fundraise of $100 million in a round led by Institutional Venture Partners (IVP). The company said in a press release that it would use the proceeds from the fund to scale its business and increase investments in its Educational Support Systems (ESS). Online-learning SaaS provider Articulate Global has raised $1.5 billion in a Series A funding round at a valuation of $3.75 billion. Bootstrapped since its inception, this round marks Articulate's first-ever fundraise, led by General Atlantic with participation from Blackstone Growth (BXG) and ICONIQ Growth.Nowports has raised $16M in Series A funding from Mouro Capital and plans to streamline its process, solidify important routes and expand its logistics and financial operations, adding value as a digital freight forwarder for Latin American Companies.Karat Financial, a black card and financial services platform specifically tailored for digital creators has announced $26 million in funding, including $15 million in a debt financing round and $11 million in Series A. The funding round was led by Union Square Ventures, with participation from GGV Capital and SignalFire.zip24 has recently raised $1.2M in a pre-series round to fund its expansion in tech, product and operations teams. It aspires to strengthen operations by deploying direct sales and support personnel in Dubai, UAE expand to the UK in this year's second half.Barracuda Networks has signed a definitive agreement to acquire SKOUT Cybersecurity. With the close of the deal (in July), Barracuda would enter the extended detection and response (XDR) platform and offer proactive real-time continuous security monitoring and response services.Desana, a hybrid workplace platform, raised $4M in a seed round headed by PropTech1 Ventures and Techstart Ventures. The firm plans to expand quickly with additional investment due to the high demand for its hybrid workplace solution. In a seed round led by AdvantEdge Founders, TyrePlex, an aftermarket tyre B2B eCommerce firm, earned an undisclosed sum. TyrePlex has over 1,700 dealers onboarded over 600+ locations and is quickly expanding at a rate of 30% month over month. A venture capital firm, Inflexor Ventures, has announced the closure of its second fund, which is valued at about USD 80.2 million. The tech fund will primarily invest in B2B/enterprise companies that use deeptech, technical IP, and innovation. The fund would invest in pre-Series A through Series B rounds, with initial investments ranging from $ 0.6 million to $ 2.6 million and follow-on rounds dependent on the performance of portfolio companies and their fundraising stage.
Based in Silicon Valley, Rashmi Gopinath is General Partner at B Capital Group, the global VC firm that specializes in equity investing in growth-stage companies that have achieved traction with customers. With a focus in horizontal enterprise software (cloud infrastructure, cybersecurity, devops, database SaaS for F500), she’s invested in and/or served on the Boards of: Synack, Yalo, Labelbox, Clari, Phenom People. Prior, Rashmi served at Intel Capital and M12, Microsoft’s venture fund. And now she invests in the growth stage (Series B thru D), writing checks between $30-60M. After more than a decade of VC investing, Rashmi says “The team is the #1 factor” In this 20-minute conversation, she reveals why & how to build a Rockstar team every time.
FarEye, an Indian SaaS start-up that helps firms globally optimize their supply chain, and logistics operations, raises $100 million in its Series E round. The funding was co-led by high-profile backers TCV, and Dragoneer Investment Group. FarEye helps companies orchestrate, track, and optimize their logistics operations. With it's funds, the firm is looking to further expand the team, and is also open to exploring acquisition of smaller firms, in international markets. B Capital Group, the six-year-old venture capital fund formed by Facebook co-founder, Eduardo Saverin, and Bain Capital veteran, Raj Ganguly, is doubling down on China as it looks to allocate $500 million to $1 billion of its fund, into Chinese tech companies over the next few years. With $1.9 billion assets under management, B Capital is going after enterprise software providers in China, an area that has seen explosive growth, but is still only a fraction the size of the U.S. SaaS market. Resolve , a San Francisco-based start-up, in the space specializing in buy now, pay later capabilities for B2B transactions, raises $60 million in funding. Initialized Capital, led the funding round. This is the company's first funding since its 2019 inception. The funding is a combination of equity, and asset funding. The San Francisco start-up is using the money primarily to grow its embedded billing platform. Interactio, a remote interpretation platform whose customers include massive institutions like the United Nations, European Commission, and the Parliament, along with corporates like BMW, JP Morgan, and Microsoft, raises $30 million Series A. The Series A funding was led by Eight Roads Ventures, and Silicon Valley based - Storm Ventures. The funds will be used for enhancing its tech, and UX - UI, with a focus on ensuring ease of access and simplicity, and on upgrading the tools it provides to interpreters. EYs3D Microelectronics, a fabless design house, that focuses on end-to-end software, and hardware systems for computer vision technology, raises $7 million in Series A. The new funding will be used to expand eYs3D's product development, and launch a series of 3D computer vision modules. It also will work with new business partners to expand its platform and hire more talent. AcuityMD raises $7M, to better track the evolving world of medical hardware. AcuityMD, is a data platform that tracks the entire medical device lifecycle from the sale of an item, to a patient's outcome after a surgery. Microsoft, today announced Py-Torch Enterprise, a new Azure service that provides developers with additional support, when using Py-Torch on Azure. Py-Torch is a Python-centric open-source machine learning framework, with a focus on computer vision and natural language processing. French start-up Matera, raises a new $43 million Series B funding round, led by Mubadala Capital, to turn residential building management, into SaaS. The company is building a vertical SaaS, for residential property management. With the funding round, Matera plans to expand to Germany.
Text Blaze, which was a part of the recent Winter 2021 Y Combinator accelerator, raises $3.3 million in seed round. The company's investment was led by Two Sigma Ventures, and Susa Ventures. With it's new funding , they are planning to expand it's staff from four, to ten. Text Blaze's speed-writing automation service has a freemium model, and a consumer paid offering that costs just $2.99 monthly.Cymulate raises $45 Million in Series C, to test and improve cybersecurity defenses via attack simulations. The funding was led by London-based One Peak Partners. Cymulate, lets organizations and their partners, run machine-based attack simulations on their networks to determine vulnerabilities, and automatically receive guidance on how to fix what is not working. Co-headquartered in Israel and New York, the firm will be using to continue investing in its platform, and to ramp up its operations. Cymulate doubled its revenues last year, on the back of a customer list, that now upwards of 300 large enterprises and mid-market companies, including the Euronext stock exchange network, as well as service providers such as NTT and Telit.Rainforest raises seed funding of $36 million led by Nordstar, with participation from Insignia Venture Partners. This includes equity financing of $6.5 million, and a $30 million debt facility, from an undisclosed American debt fund. Rainforest's portfolio currently includes three brands, which it acquired for about $1 million each. The company wants to wait until its portfolio is larger, before disclosing what brands it owns.FPT Corporation, Vietnam's largest technology and IT services group, has acquired SaaS startup, ‘Base.vn', for an undisclosed sum. The deal was announced at an event held in Ho Chi Minh City today. FPT's offer came at a time that Base.vn was trying to raise a new funding round. The SaaS firm says that its client base includes more than 5,000 Vietnamese corporations, as well as small and medium-sized enterprises.Obviously.AI Raises $3.6 Million From TMV, B Capital Group, Arka Venture Labs, Golden Gate Ventures, and other VCs. With this round of funding, the platform is reshaping how the modern business user works with Artificial Intelligence.Obviously. AI will use the funding to grow the company's Research and Development, introduce time series, and other new-age algorithms, expand its sales and marketing team, and build an ecosystem that can further automate the predictive AI capabilities.Software firm, ‘SUSE' seeks valuation of nearly $7 billion in IPO. Enterprise software company SUSE, set the price range for its initial public offering in Frankfurt, at 29 to 34 euros per share on Wednesday, implying a market capitalisation of between 4.9 and 5.7 billion euros. SUSE, whose open-source software helps run applications on cloud servers, mainframe computers, and devices at the edges of networks, said it was seeking to raise around 1 billion euros from investors.
RapidDeploy, which provides computer-aided dispatch technology as a cloud-based service for 911 centers, raises $29 million in Series B round of funding. The firm states that the funding will be used both to grow its business and continue expanding the SaaS tools that it provides to its customers. In the startup's point of view, the cloud is essential to running emergency response in the most efficient manner.Gr4vy a cloud-native payments company with a payment orchestration platform that merges a cloud platform with payments infrastructure raises a Series A funding round of $11.1 million, led by Nyca Partners (a VC with a bench of partners who are ex-Visa ), with participation from Activant Capital (a fintech investor), Global Founders Capital and Firestartr, bringing its total funding to $12.2 million. Gr4vy, acts as a conduit between retailers' shopping carts and payment providers. By offering instances it can give retailers individualized infrastructure in the cloud. The launch of Gr4vy comes at a key time for online retailers as the world moves from part online shopping to almost 100% online because of the pandemic.IBM is acquiring cloud app and network management firm Turbonomic for up to $2B. Turbonomic, provides tools to manage application performance along with Kubernetes and network performance. Financial terms of the deal were not disclosed. Turbonomic was valued at nearly $1 billion in its last funding round in September 2019. Together Red Hat and IBM have been developing a range of cloud-based tools addressing telco, edge and enterprise use cases.This latest deal will help extend that further. Last November IBM acquired another company called Instana to bring application performance management into its stable, and it pointed out today that the Turbonomic deal will complement that and the two technologies' tools will be integrated together.Wasabi raises $112M Series C on $700M valuation to take on cloud storage hyperscalers. Fidelity Management & Research Company led the round. Wasabi storage starts at $5.99 per terabyte per month, a lot cheaper than Amazon S3, which starts at 0.23 per gigabyte for the first 50 terabytes or $23.00 a terabyte, considerably more than Wasabi's offering.Firstbase a software-and-hardware solution to get remote workers the tools and support they need raises $13 million in Series A led by Andreessen Horowitz. B Capital Group and Alpaca VC. The company will focus on building more enterprise-friendly software features with its new capital, allowing it to target larger customers.
Prabhakar is the Co-Founder of FalconX. He exited his last venture to an Accel Partners portfolio company, prior to joining Accel as an investor. At Accel, one of the largest and most successful VC firms in the world, Prabhakar focused on Blockchain, B2B, and Enterprise SaaS investments. Prabhakar is a serial entrepreneur with over nine years of experience running successful digital media and online video platforms, having scaled his first startup into the top 100 most visited websites in the world within three years of inception, and successfully exited his second startup to BookMyShow, India's largest entertainment platform, prior to joining Accel. An electronics engineer by background, Prabhakar also has an MBA from Harvard Business School. FalconX is a cryptocurrency financial services company, providing institutions trading, credit, and clearing across all major crypto pairs. Fortune 1000 companies, family offices, and asset managers turn to FalconX as a trusted partner in the cryptocurrency market. FalconX currently services over 250 institutions globally and is backed by leading investors including Accel, American Express, B Capital Group, Coinbase Ventures, Fidelity and Tiger Global.
Recruiting Technology Headlines This week in Rec Tech: Phenom hits the mother load, Workshop gets funded, Talroo unifies its product suite, Dice adds features and Recruiter.com makes another acquisition. This episode is sponsored by HR Lancers, the freelance marketplace for recruiters and HR pros. Does your company need help with HR or recruiting? Post a project, or contractor role today for free and target ver 5,000 freelancers looking for work right now. HRlancers.com On to the news... Phenom, the world’s most widely used AI-powered talent experience platform, today announced a $100 million Series D round. B Capital Group led the round, among other investors….The capital will let Phenom remain focused on fulfilling its purpose — to help a billion people find the right job - the company is now valued at 1.3 billion and one of their investors was quoted saying they will go public in the near future. With new funding, Phenom continues to innovate its Talent Experience Management (TXM) platform for organizations adopting AI holistically in a post-COVID era. As a result, candidates find the right job faster; employees learn and evolve; recruiters discover best-fit talent with efficiency and scale; and managers make stronger data-driven decisions to build their future teams. “At Phenom, we’ve always been a purpose-driven company, and that will never change,” said Mahe Bayireddi, CEO and co-founder of Phenom. “Since the beginning, we have rooted our platform in intelligence versus simply adding AI as a single tool or feature. This makes our AI dramatically different, and helps us cultivate a healthy talent ecosystem. Jobs are the foundation of thriving societies around the world. They provide livelihoods and help people reach their full potential. As organizations respond to a seismic shift in how they approach and manage talent, Phenom is scaling with conviction, so everyone has the resources to succeed in times of both volatility and stability.” Congrats to the team at Phenom, they are one of only 15 companies in HR tech ever to receive a funding round of $100 million or more. https://hrtechfeed.com/phenom-raises-100-million-series-d/ Dice, launched its enhanced Candidate Profile to highlight technologists’ unique skills and career accomplishments, maximizing their visibility to top recruiters and employers. The redesigned tool joins recently released Recruiter Profiles and Instant Messaging to establish an interactive and dynamic career marketplace, activating Dice’s deep tech specialization to empower recruiters, hiring organizations and technologists to build meaningful and mutually beneficial relationships that lead to career placements. As part of the launch new features include; Recruiter Profile: provides recruiters the opportunity to build trust and credibility with technologists by showing what sets them apart in their personalized profile. Instant Messaging: enables real-time, transparent conversations between employers and technologists through the Dice platform, building immediate credibility and trust on both sides of the relationship. https://hrtechfeed.com/whats-new-in-hr-tech-dice-suitisoft-kazoo/ Workshop, an employee communications platform for sharing and finding important internal data, has raised a $3.5 million seed round. The round included a group of prominent Midwest venture funds and angel investors, including Ludlow Ventures, M25, and Linseed Capital. Workshop’s seed round is almost entirely composed of local and regional investors, which continues the co-founders’ vocal support of the Midwest as a hub for great technology and startup opportunities. The startup plans to use the funds to build out a world-class team that can continue to build an amazing product, with a current focus on recruiting engineering talent. Workshop also announced the official launch of their new employee communications platform, which includes a streamlined way to share important internal updates, as well as an option for an all-company hub. Built to cut through the noise with relevant news and urgent updates, Workshop functions as a single source of truth for important internal information. For the communicator, it’s easy to create targeted, well-designed messages in minutes, and send them to a specific audience via email, text, or Slack. The startup also offers an all-company hub to centralize all of a company’s most important information. It offers common intranet features with a great user experience, including personalized updates, pinned resources, an employee directory, and global search. For more information go to useworkshop.com. https://hrtechfeed.com/employee-communications-platform-raises-3-5-million/ Recruiter.com acquired Upsider.ai, an artificial intelligence sourcing software that automates candidate identification and engagement for enabling employers to make the best hires. "Upsider.ai's AI-based scoring engine analyzes millions of data sources to identify qualified candidates faster, cutting through the inefficiencies of the often unpredictable and traditionally expensive recruiting process," CEO Evan Sohn commented. The acquisition was closed on Mar.26 through an asset purchase agreement and was paid mainly in restricted common stock. Upsider.ai's AI-based scoring engine and platform use machine learning and data science to help hiring teams quickly identify and engage the right talent. https://seekingalpha.com/news/3679569-recruitercom-acquires-artificial-intelligence-candidate-sourcing-tool-upsiderai Talroo, annouced the release of Talroo Ad Platform (TAP), an all-in-one platform agnostic solution that brings Talroo’s existing products together in a single talent attraction gateway. Those solutions include profile-driven programmatic job advertising product Talroo Pro, hiring events advertising product Talroo Events, and recruitment marketing analytics product Talroo Insights. This unification enables clients to view and modify campaigns in real time, activate jobs, and turn jobs into hiring events on-demand. “Talroo Ad Platform is coming to market at a critical time for employers. We’re seeing unprecedented demand for workers right now, as the economy starts to reopen and there’s light at the end of the tunnel after such disruption to the job market. Talroo Ad Platform gives clients access to their job advertising campaigns instantly and enables them to turn those jobs into hiring events quickly and easily,” said Talroo CEO Thad Price. “We’re reducing friction so employers can attract candidates at scale and use whatever talent acquisition software or strategy they are currently leveraging to make hires.” https://hrtechfeed.com/talroo-announces-release-of-talroo-ad-platform-to-unify-talent-attraction-product-suite/ Thats it for this week... for all these stories vist hr tech feed dot com
SaaS startup Icertis raises $80 million in Series F funding; valuation triples to $2.8 billion. This year's funding was led by existing investor B Capital Group, with participation from Greycroft, Meritech Capital Partners, Premji Invest, PSP Growth, and e.ventures. The company will use this funding to invest in accelerating its AI and Blockchain development, expanding its sales and marketing footprint, and building out its global partner network. It also has plans to expand across Japan, South East Asia, and northern Europe. The funding round makes Icertis the second most valuable SaaS unicorn in the Indian startup circuit after Freshworks, which was valued at $3.5 billion in their last funding round in 2020.Pipe Raises $50 Million Through Latest Investment Round Led By Raptor Group & Siemens Next47Pipe stated it gives SaaS companies access to the full annual value of their subscriptions, upfront. Since launching its SaaS financing platform in February 2020, Pipe claims it has seen overwhelming demand from early and growth-stage SaaS companies. Speaking about the platform, Harry Hurst, Co-Founder, and Co-CEO of Pipe stated: “When we were approached by such incredible companies with aligned missions to form partnerships, the conversations quickly evolved. We felt it made sense to have the broader ecosystem that powers growth-oriented companies join forces to invest together in the future of revenue as a tradable asset class.”Legl gets $7M to help law firms upgrade to digital workflows. B2B SaaS startup Legl has bagged $7M in Series A funding led by Octopus Ventures for its platform for law firms which offers tools to streamline core business processes such as customer onboarding, due diligence, and payments. The UK startup was founded just over a year ago by Julia Salasky, a lawyer by background, who previously founded the public interest legal crowdsourcing campaign platform, CrowdJustice. Legl says it's now working with around 100 UK-based law firms, including around a dozen of the top 200. Series A will be used to expand Legl's team and grow its UK user base as well as for further development of the product.
This week in Indian Startup News, BigBasket vs dailybasket, Earth Energy EV launches three EVs, Flipkart to deploy 25,000 EVs by 2030, CCI investigates Google Pay for antitrust claims and layoffs at Ninjacart and Bounce and acquisitions by Dailyhunt, DeHaat & Vedantu. In funding news, Zomato raises $250 million, Innovaceer raises $105 million to become a unicorn, Infra.Market raises $100 million and Hubilo raises $23.5 million. BigBasket vs dailybasket: BigBasket believes it owns the word ‘basket' and now it wants dailybasket to stop using ‘basket' and also hand over their domain to BigBasket. According to BigBasket, dailybasket, which is a small online grocery platform operational in Coimbatore, is trying to use the brand and goodwill of BigBasket to lure its customers into thinking that they are associated with BigBasket. Earth Energy EV launches three EVs: Earth Energy EV has launched three electric vehicles – Glyde+ (smart electric scooter), Evolve Z (bike) and Evolve R (smart cruiser). All these electric vehicles are now available for pre-booking. The company claims that their electric cruiser Evolve R comes with fast charging capabilities but it can only be used at their dealerships. Flipkart to deploy 25,000 EVs by 2030: Indian e-commerce giant has decided to add 25,000 electric vehicles to its delivery fleet by 2030 and they have already partnered with three manufacturers – Hero Electric, Mahindra Electric and Piaggio. CCI investigates Google Pay for antitrust claims: Back in November 2020, the Competition Commission of India (CCI) had ordered a probe against Google Pay to check if Google was using its dominance to gain an unfair advantage over its competitors in India's digital payments space. While the probe was ordered last year, formal investigations have started in January of this year. Layoffs at Ninjacart and Bounce: Ninjacart and Bounce have fired 200 employees each. Acquisitions by Dailyhunt, DeHaat and Vedantu: Dailyhunt's parent VerSe Innovation has acquired AI-based startup Cognirel Technologies, DeHaat has acquired FarmGuide and Vedantu has acquired InstaSolv. Zomato raises $250 million: Zomato has raised $250 million from Kora, Fidelity, Tiger Global Management, Bow Wave and Dragoneer. Innovaceer raises $105 million to become a unicorn: Healthcare focused SaaS startup Innovaceer has raised $105 million from Tiger Global Management, OMERS Growth Equity, Steadview Capital, Dragoneer, B Capital Group, Mubadala Capital and M12. Infra.Market raises $100 million: Infra.Market has raised $100 million from Tiger Global Management, Foundamental, Accel Partners, Nexus Venture Partners, Evolvence India Fund, and Sistema Asia Fund. Hubilo raises $23.5 million: Hubilo has raised $23.5 million from Lightspeed Venture Partners, U.K.'s Balderton Capital, John W. Thompson and Chris Schagen.
Bryan Ciambella Partner at Antler in New York talking about working at B Capital Group, working with Eduardo Saverin co-founder of Facebook, Boston Consulting Group, CVC, the Samwer Brothers at Rocket Internet, New York vs LA for startups and VC and the impact of SPACs. Video at https://www.youtube.com/c/AndrewRomansVC. andrew@7bc.vc
In part 2 of this 2 episode, we welcome back our guests Ollie Wood (Head of Talent, Golden Gate Ventures), Christiaan Ballard (Talent Acquistion Manager, B Capital Group) and Rachel Ng (Chief of Staff, Wavemaker Partners). In Part 1 we discussed the common themes encountered by businesses going through growth, including struggles of hiring the right people. Part 2 builds on this to cover incorporating diversity into the DNA of a business and gives some key summaries of what founders should really take seriously from a talent perspective from day 1. Ollie Wood | Golden Gate Ventures Ollie is Head of Talent at Golden Gate Ventures and supports GGV's portfolio Founders and Companies across the South East Asia region. He identifies, networks and advises some of the best talent across the globe on their behalf, before making senior level introductions. Christiaan Ballard | B Capital Group Christiaan is a Talent Acquisition Manager at B Capital Group, based in Singapore. She partners with APAC & India portfolio companies to drive strategic talent and hiring initiatives as they scale. Prior to joining B Capital, Christiaan led HubSpot's APAC Recruiting team. During her time there HubSpot grew from early stages through IPO and she understands the critical role that talent acquisition plays in the success of a business. Rachel Ng | Wavemaker Partners Rachel is Chief of Staff at Wavemaker Partners. Wavemaker Partners is Southeast Asia's leading early-stage venture capital firm investing in enterprise and deep tech companies. Dual-headquartered in Los Angeles and Singapore, Wavemaker is the regional partner for Southern California and Southeast Asia of the Draper Venture Network (DVN), the world's leading VC collective comprising 10 firms across 5 continents.
Based in Singapore, Gavin was most recently at B Capital Group, a global venture capital fund where he led the investment committee for the firm's inaugural fund. Gavin holds tremendous experience with investments in digital health and consumer technology, and served as Board Member for several global healthtech companies. Tune in for our discussion on mid-late stage VC investment success, as well as the rising wave of HealthTech innovation!
Across this 2 episode bumper edition on SE Asia Growth leaders with True we welcome 3 leading lights in the VC talent & organisation space: Ollie Wood (Head of Talent, Golden Gate Ventures), Christiaan Ballard (Talent Acquistion Manager, B Capital Group) and Rachel Ng (Chief of Staff, Wavemaker Partners). In Part 1 we discuss the common themes encountered by businesses going through growth, including struggles of hiring the right people. Part 2 covers how to build diversity into the DNA of a business and gives some key summaries of what founders should really take seriously from a talent perspective from day 1. Ollie Wood | Golden Gate Ventures Ollie is Head of Talent at Golden Gate Ventures and supports GGV's portfolio Founders and Companies across the South East Asia region. He identifies, networks and advises some of the best talent across the globe on their behalf, before making senior level introductions. Christiaan Ballard | B Capital Group Christiaan is a Talent Acquisition Manager at B Capital Group, based in Singapore. She partners with APAC & India portfolio companies to drive strategic talent and hiring initiatives as they scale. Prior to joining B Capital, Christiaan led HubSpot's APAC Recruiting team. During her time there HubSpot grew from early stages through IPO and she understands the critical role that talent acquisition plays in the success of a business. Rachel Ng | Wavemaker Partners Rachel is Chief of Staff at Wavemaker Partners. Wavemaker Partners is Southeast Asia's leading early-stage venture capital firm investing in enterprise and deep tech companies. Dual-headquartered in Los Angeles and Singapore, Wavemaker is the regional partner for Southern California and Southeast Asia of the Draper Venture Network (DVN), the world's leading VC collective comprising 10 firms across 5 continents.
Chang Wen Lai is the co-founder and CEO of Ninja Van which is a tech-enabled express delivery firm serving businesses across Southeast Asia. The company has raised $400 million from YJ Capital, B Capital Group, Abraaj Group, Monk‘s Hill Ventures, Grab, DPD Group, Geopost, Bangkok Bank, Intouch Holdings, and Carmenta Capital Management to name a few.