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New Delhi, Mar 3 () Merchant commerce platform Pine Labs on Tuesday said it has appointed Amrish Rau as its chief executive officer.Rau brings fintech, entrepreneurial and corporate experience to his new role as the chief executive officer (CEO) and replaces Vicky Bindra, a statement said.Bindra, after a two-year stint as the CEO, is moving back to San Francisco and will continue to be an advisor to the company supporting strategic initiatives, it added.Rau's startup - Citrus Pay, which was funded by Sequoia India, was acquired by PayU in 2016 in one of the largest fintech acquisitions. He has also served as the managing director for First Data Asia, NCR and Siemens Nixdorf. "I am excited to welcome Amrish to the Pine Labs family. With Amrish's ability to innovate, seek out options with channels and customers we believe Pine Labs can be a true global commerce platform," Pine Labs Executive Chairman Lokvir Kapoor said.Pine Labs has evolved into offering payment acceptance technology, stored value products, in-store consumer credit and other merchant solutions in India, Southeast Asia and the Middle East. It processes payments of USD 30 billion per year and serves about 1.4 lakh merchants across about 4.5 lakh network points.Its key investors are Sequoia India, Actis Capital, Temasek, PayPal, Sofina and Mastercard. SR RUJ

Pine Labs appoints Amrish Rau as CEO

<keyword id="8901041" type="UNKNOWN" weightage="20" keywordseo="FamPay">FamPay</keyword>, a <keyword id="2461546" type="COMPANY" weightage="20" keywordseo="FinTech">fintech</keyword> startup focussed on teenagers, on Wednesday said it has raised USD 38 million (about ₹278.4 crore) in funding, led by Elevation Capital and existing investor <keyword id="136147" type="COMPANY" weightage="20" keywordseo="Sequoia-Capital-India">Sequoia Capital India</keyword>. Other early investors, Venture Highway, Y Combinator, Global Founders Capital and new Global Investors like General Catalyst, Rocketship VC, and <keyword id="2779666" type="PERSON" weightage="20" keywordseo="Greenoaks-Capital">Greenoaks Capital</keyword> also participated in the Series A round, a statement said. FamPay will use the latest round of funding to build a leadership team to further fuel growth, it added. FamPay makes it convenient for teenagers to make online and offline payments through FamPay app as well as FamCard. In addition to payment products, FamPay also offers gamified savings experiences. "FamPay is creating a market segment that a lot of brands don't focus on today. It's their (teenage users) first step at being responsible with money, their first step into adulthood. We plan to stay with them from this first step throughout their financial journey by evolving the product as they grow," Kush Taneja, co-founder of FamPay, said. The company has crossed 2 million registered users within 8 months of its launch and has been averaging 100 per cent month-on-month growth. In March 2020, the company announced raising USD 4.7 million in seed funding from Y Combinator, Venture Highway, Sequoia Capital <keyword id="3658" type="LOCATION" weightage="20" keywordseo="India">India</keyword>, and Global Founders Capital, as well as angel investors, Twitch co-founder Kevin Lin, Robinhood co-founder Vladimir Tenev, CRED founder <keyword id="192201" type="PERSON" weightage="20" keywordseo="Kunal-Shah">Kunal Shah</keyword> and <keyword id="1552189" type="COMPANY" weightage="20" keywordseo="Pine-Labs">Pine Labs</keyword> CEO Amrish Rau. Launched in 2020 by Kush Taneja and Sambhav Jain, FamPay is a marketing and distribution partner of IDFC FIRST Bank Prepaid Card. "With around 40 per cent of the Indian population being below 18, every year millions of new teenagers will start using their first smartphone and FamPay envisions becoming their go-to brand," Sambhav Jain, co-founder of FamPay, said. "We are privileged and delighted to partner with Sambhav, Kush and the entire FamPay team as they march ahead in their mission to reimagine banking for teenagers. We have been extremely impressed by FamPay's product innovations, growth trajectory and customer love - all early signs that FamPay is destined to become the destination app for GenZ and gateway for their access to fintech and beyond," said Mridul Arora, Partner, Elevation Capital. India today has a sizable population of adolescents and we believe that catering to this unserved audience with innovative products contextualised to their needs and behaviours will create a very valuable business, Arora added. "It was apparent to us they (FamPay) understood their users and had very nuanced views on how to serve them best. The team is excited to double down in this round and is looking forward to working with them to help build FamPay over the next many years," Shailendra Singh, Managing Director of Sequoia Capital (India) Singapore, said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/apps/news/twitter-may-now-be-directly-responsible-for-every-single-tweet-in-india/articleshow/83565645.cms">Twitter may now be directly responsible for every single tweet in India</a> <a href="https://www.businessinsider.in/policy/news/china-will-not-buy-iron-copper-aluminum-zinc-and-some-other-commodities-from-foreign-countries/articleshow/83565216.cms">China has decided to take global commodity bulls by their horns ⁠— to protect the profit margins of its small businesses</a>

Teenager-focused payments startup FamPay raises $38 million led by Elevation Capital and Sequoia Capital

Merchant commerce platform <keyword id="1552189" type="COMPANY" weightage="20" keywordseo="Pine-Labs">Pine Labs</keyword> on Monday said it has completed a new round of financing from investors including Baron Capital Group, Duro Capital, <keyword id="4699572" type="COMPANY" weightage="20" keywordseo="marshall-wace">Marshall Wace</keyword>, Moore Strategic Ventures, and <keyword id="252562" type="COMPANY" weightage="20" keywordseo="Ward-Ferry-Management">Ward Ferry Management</keyword>. Existing investors Temasek, Lone Pine Capital, and Sunley House Capital also participated in this <keyword id="6357455" type="UNKNOWN" weightage="20" keywordseo="Funding">funding</keyword> round, a statement said. "We raised USD 285 million. We want to thank Puri Kaaynath for supporting and backing us. Our teams, families, customers, and investors," Pine Labs CEO B Amrish Rau said in a LinkedIn post. This translates to about ₹2089 crore. In December last year, Pine Labs had announced raising funding from Lone Pine Capital, valuing it at over USD 2 billion (about ₹14,700 crore). In January 2020, <keyword id="6368201" type="COMPANY" weightage="20" keywordseo="mastercard">Mastercard</keyword> had invested in the company, placing the <keyword id="2461546" type="COMPANY" weightage="20" keywordseo="FinTech">fintech</keyword> firm in the <keyword id="3009432" type="COMPANY" weightage="20" keywordseo="unicorn-club">unicorn club</keyword> (companies with a valuation of USD 1 billion). Incorporated in Singapore, Pine Labs' key investors include Sequoia India, Actis Capital, Temasek, PayPal, and Mastercard. "In this significantly oversubscribed round, in addition to primary proceeds, Pine Labs enabled secondary transactions for its founder, employees, and early shareholders as it is already a well-financed company with a strong balance sheet and has been EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) profitable for several years," a statement said. Pine Labs currently serves more than 1.5 lakh merchants across Asia and the Middle East. Its payment acceptance and merchant commerce solutions including enterprise automation systems such as inventory management and customer relationship management. Its stored value platform includes issuing, processing, and distributing digital gift cards for corporate customers around the world. Pine Labs had recently launched its popular Buy Now, Pay Later proposition in Malaysia and plans to take its integrated Pay Later installment solution to newer markets in Southeast Asia. Last month, Pine Labs had also announced the acquisition of Fave, a Southeast Asian consumer fintech platform. "This is an exciting phase in our journey as we enter newer markets. We excel in enterprise merchant payments and now want to scale new frontiers in the online space as well, at the same time continue to power the credit and commerce needs of our offline merchant partners," Rau said in a statement. SEE ALSO: <a href="https://www.businessinsider.in/tech/apps/news/battlegrounds-mobile-india-pre-registrations-to-begin-on-may-18/articleshow/82702403.cms">PUBG Mobile: Battlegrounds Mobile India pre-registrations to begin on May 18 – rewards, maps and more</a> <a href="https://www.businessinsider.in/business/startups/news/ratan-tata-backed-moglix-is-the-13th-unicorn-from-india-this-year/articleshow/82702143.cms">Ratan Tata-backed Moglix is the 13th unicorn from India this year</a> <a href="https://www.businessinsider.in/cryptocurrency/news/elon-musk-hints-that-tesla-may-dump-its-billion-dollar-bitcoin-investment/articleshow/82699553.cms">Elon Musk hints that Tesla may dump its billion dollar Bitcoin investment — here’s why his tweets have so much power</a>

Sequoia and PayPal-backed Pine Labs completes a first close of $285 million funding round from new investors

Merchant commerce platform <keyword id="1552189" type="COMPANY" weightage="20" keywordseo="Pine-Labs">Pine Labs</keyword> on Tuesday said it has acquired <keyword id="7784572" type="COMPANY" weightage="20" keywordseo="fave">Fave</keyword>, Southeast Asia's fast-growing consumer fintech platform, for over $45 million. Pine Labs said that with this acquisition, the consumers in <keyword id="3658" type="LOCATION" weightage="20" keywordseo="India">India</keyword> will be able to use Fave app later this year to save across 500,000 merchant network points powered by Pine Labs across 3,700 cities. ""Fave helps consumers apply their best rewards, coupons, gift cards and cashbacks on all transactions in a seamless manner. We are excited to partner with them in this journey in South East Asia and India," said B. Amrish Rau, CEO, Pine Labs. Fave founders will lead the overall consumer platform across Asia and hire over 100 new employees. Pine Labs said that Fave's investors will receive an all-cash payout, while founders and key Fave employees will receive both cash and Pine Labs shares. To date, Fave has enabled six million consumers in Southeast Asia to save over $400 million across 40,000 retailers since 2016. The acquisition will help both companies accelerate their growth in the Asia region and unlock massive consumer opportunities across retail, <keyword id="117643" type="COMPANY" weightage="20" keywordseo="FB">F&amp;B</keyword>, fashion, and <keyword id="34523" type="COMPANY" weightage="20" keywordseo="fmcg">FMCG</keyword> markets. "We are confident that the APAC e-payments landscape will continue to achieve exponential growth in the coming decade. Together, we will be stronger, faster and better," said Joel Neoh, <keyword id="170488" type="COMPANY" weightage="20" keywordseo="co-founder">Co-Founder</keyword> and CEO of Fave. Fave currently operates in 35 cities across Malaysia, Singapore, and Indonesia and will arrive in India later this year. SEE ALSO: <a href="https://www.businessinsider.in/finance/news/rbis-g-sap-1-0-is-certainly-a-much-needed-demand-lever-to-support-the-government-borrowing-programme/articleshow/82042416.cms">RBI’s G-SAP 1.0 is certainly a much needed demand lever to support the government borrowing programme</a> <a href="https://www.businessinsider.in/tech/news/elon-musk-owned-internet-service-starlinks-india-entry-under-scrutiny-of-dot-report-suggests/articleshow/82043618.cms">Elon Musk-owned internet service Starlink’s India entry under scrutiny of DoT, report suggests</a> <a href="https://www.businessinsider.in/business/corporates/news/tcs-has-broken-many-records-in-the-last-the-three-months-from-revenue-to-new-deals-to-new-hiring/articleshow/82034522.cms">TCS has broken many records in the last three months — but that isn't good enough for the market</a> <a href="https://www.businessinsider.in/business/news/gautam-adani-and-mukesh-ambani-cumulatively-lost-nearly-7-billion-as-the-markets-plunged/articleshow/82043202.cms">Gautam Adani and Mukesh Ambani cumulatively lost nearly $7 billion as the markets plunged</a>

Pine Labs just spend $45 million to acquire one of Southeast Asia's fastest growing fintech platforms

<ul class="summary-list"><li><a target="_blank" class="" href="https://www.businessinsider.com/recession-outlook-job-market-layoffs-unemployment-rate-hiring-economy-2024-7">Economic concerns</a> could lead to layoffs and reduced remote work opportunities in the US.</li><li>A weaker-than-expected jobs report could give cover to CEOs who want to reconsider work policies.</li></ul>What if Saturday was the <a target="_blank" class="" href="https://www.businessinsider.com/4-day-workweek-us-half-day-fridays-pros-and-cons-2024-1">new Friday</a>?It's a troubling thought, to be sure, but a longer workweek is already a reality for some workers. Greece has allowed some industries to move to a <a target="_blank" class="" href="https://www.businessinsider.com/greece-six-day-workweek-productivity-plan-may-not-work-2024-7">48-hour workweek</a> to bump productivity. And South Korean companies, like Samsung, are telling some execs to also <a target="_blank" class="" href="https://www.businessinsider.com/samsung-executives-six-day-work-week-report-2024-4">show up on Saturday</a> or Sunday to help boost the company's business.Now, with economic alarm bells going off in the US, some workers pining for less time on the job might have to keep dreaming.That might not be the worst of it: Employees who'd hoped to stay in or <a target="_blank" class="" href="https://www.businessinsider.com/its-getting-harder-to-find-hybrid-remote-six-figure-job-2024-1">land remote roles</a> might find that harder to pull off. But perhaps the biggest threat to the rank and file is <a target="_blank" class="" href="https://www.businessinsider.com/layoffs-sweeping-us-these-are-companies-making-cuts-2024">layoffs</a>. Jittery CEOs eager to please Wall Street — and their boards — could decide to make the kind of sweeping <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/intel-stock-price-layoffs-weak-guidance-missed-analyst-estimates-semiconductors-2024-8">cuts that Intel recently announced</a>.The weaker-than-expected July jobs report, which is <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-crash-picks-up-recession-fears-carry-trade-unwind-2024-8?_gl=1*3q9341*_ga*MTQ4ODgzMzg4MC4xNzEzNTI5NTU1*_ga_E21CV80ZCZ*MTcyMjg5MDg2MC4yMjEuMC4xNzIyODkwODYxLjU5LjAuMA..">spooking investors</a>, could give some employers cover to step back from everything from a shorter week, remote work, and other measures aimed at improving employee well-being, labor market experts told Business Insider.Peter Cappelli, a professor of management at Wharton Business School, said that there was a perception that some employers had used layoffs as a cudgel to pull workers back into the office. And he said bosses could use the latest headlines about the economy as a fresh reason to get tough with workers — even if business is still doing OK."It's not about the reality as much as the perception," Cappelli told BI.He said that while many workers in recent years gained some leverage, employers have still held most of the power outside a few exceptions like retail workers toward the end of pandemic lockdowns."Employees never really had much of an upper hand in the job market," Cappelli said.Workers could feel even less power if bosses' worries about the economy make them feel less charitable toward their employees.Some big-name businesses report that inflation is pinching consumers to the point that some are cutting back on their lattes and booze.<a target="_blank" href="https://www.businessinsider.com/starbucks-reinvented-cafes-managment-plan-lines-waits-sales-2024-7">Starbucks</a> said last week that <a target="_blank" href="https://www.businessinsider.com/shoppers-spending-less-retailers-brands-cutting-prices-economy-explained-why-2024-7">traffic to its shops</a> has slumped — especially among customers who aren't regulars. CEO Laxman Narasimhan pointed to "a challenging consumer environment." Liquor giant Diageo posted its first slide in annual sales since 2020.It's the kind of thing that could make an employer less inclined to try something new — like a four-day workweek.Yet even without lackluster sales, Cappelli said, the four-day workweek was already unlikely to be widely adopted in the US."I don't think that ever had any chance in the US," he said. But, at the same time, Cappelli also doesn't think companies will push workers to come in on a sixth day. "That's a huge norm break."He noted that the shift in Greece was more focused on letting workers have overtime.<h2 id="fa04bf0f-9a7d-42cc-8a71-b22ae44968e1">CEOs' safe space</h2>Brigid Schulte, director of the Better Life Lab at New America and author of the forthcoming book "Over Work," told BI that when worries about the economy pop up, many leaders want to return to familiar ways of working."In times of uncertainty, particularly leadership wants to go back to sort of what feels like a safer time," she said. "The only irony there is that that way wasn't necessarily better."Schulte said that companies that decide to dump all of their economic problems on workers are short-sighted. She noted that research shows that layoffs do long-term damage to a company. And, Schulte said, longer work hours are associated with lower productivity, more <a target="_blank" class="" href="https://www.businessinsider.com/employee-wellbeing-programs-help-companies-perform-better-and-manage-cost-2024-7">burnout, and presenteeism</a>.Schulte said too often, when the threat of a downturn looms, leaders see their workers as a big cost on their balance sheet."Taking that longer-term view is actually going to be better for people and for your business in the long run," she said.If companies use economic worries to reverse course on efforts like flexible work arrangements or to conduct layoffs, they put their own well-being at risk."You end up really damaging the trust and morale at your organization," Schulte said. "And, really, you're only as good as your people."

Get ready for nasty layoffs and say goodbye to the 4-day workweek

<ul><li><keyword id="3827754" type="General" weightage="20" keywordseo="pinelabs" source="Orion">PineLabs</keyword> on Wednesday announced an investment in <keyword id="3465176" type="General" weightage="20" keywordseo="mosambee" source="Orion">Mosambee</keyword>.</li><li>This investment will now value Mosambee at upwards of $100 million.</li><li>Mosambee has a base of 1 million SME merchants and various government departments.</li></ul>Initial public offering (IPO)-bound fintech startup PineLabs on Wednesday announced an investment in Mosambee — an end-to-end payment solution provider in India — in exchange for a majority stake. This investment will now value Mosambee at upwards of $100 million, PineLabs has revealed. The leadership team at Mosambee will continue to operate independently and serve the needs of their customers spread across diverse industries. Founded in 2008 by Alok Arora, Bhushan Thaker and Sameer Chugh, Mosambee is a payment solution company that caters to both online and offline merchants in India and six other countries. The company claims to have a base of 1 million small, medium enterprises (SME) merchants and various government departments, who use Mosambee’s solutions to digitise their payment collections. “With the extensive reach of Pine Labs and their portfolio companies, we aim to continue to deliver strong profitability and breakthrough solutions to our clients,” Mosambee’s cofounder Chugh said. According to business intelligence platform Crunchbase, Mosambee has raised over $2.5 million prior to this. It is backed by Small Industries Development Bank of India (SIDBI) Venture Capital and Rajasthan Venture Capital Fund. Earlier this year, Mosambee announced the acquisition of Cashless Technologies that runs Benow, a ‘Buy Now, Pay Later’ startup. “Ever since its founding, Mosambee has made tremendous progress in elevating the merchant experience through cutting-edge fintech solutions. They were a natural fit for us due to our shared purpose of making innovative fintech products accessible to all and driving forward the digital payment revolution in India,” Amrish Rau, the chief executive officer (CEO) of PineLabs, said in a statement. Founded in 1998 by Lokvir Kapoor, Pine Labs is a merchant payment solutions firm that enables businesses to accept online and offline digital retail transactions. The company powers over 250,000 merchants across over 675,000 merchant network touchpoints in India and Southeast Asia. Pine Labs serves prominent large, mid-sized and small merchants across Asia and the Middle East, including Apple, Starbucks Corp, McDonald's Corp and more. It is planning on hitting the public market soon, and filed for a initial public offering (IPO) in the US in January this year. The company is reportedly planning to raise half a billion dollars from the public market, at a valuation of $6-7 billion. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/stock-market/news/infosys-icici-bank-vedanta-among-stocks-to-watch-out-for-on-april-13/slidelist/90811799.cms">Infosys, ICICI Bank, Vedanta among stocks to watch out for on April 13</a> <a href="https://www.businessinsider.in/business/telecom/news/recommended-spectrum-prices-are-backed-by-scientific-calculations-says-trai-chief-vaghela/articleshow/90812587.cms">Recommended spectrum prices are backed by scientific calculations, says Trai chief Vaghela</a> <a href="https://www.businessinsider.in/india/news/retail-inflation-rose-to-6-95-in-march-government-data/articleshow/90802182.cms">Retail inflation rises to 6.95% in March on costlier food items</a>

IPO-bound PineLabs just added a million merchants to its kitty with its latest acquisition

San Francisco, <keyword id="10470926" type="UNKNOWN" weightage="20" keywordseo="information-technology-company-cognizant">Information technology company Cognizant</keyword> on Monday announced to acquire UK-based Inawisdom, a privately-held AI, machine-learning, and <keyword id="10470928" type="UNKNOWN" weightage="20" keywordseo="data-analytics-consultancy">data analytics consultancy</keyword>, for an undisclosed sum. This marks Cognizant's <keyword id="10470929" type="UNKNOWN" weightage="20" keywordseo="ninth-acquisition">ninth acquisition</keyword> in 2020. The company has invested more than $1.1 billion this year alone for acquisitions in areas like data and artificial intelligence, digital engineering, Cloud and Internet of Things (IoT). A <keyword id="10470930" type="UNKNOWN" weightage="20" keywordseo="premier-consulting-partner">premier consulting partner</keyword> of Amazon Web Services (AWS), Inawisdom will further accelerate Cognizant's innovation on data modernisation and intelligent decision-making, it said in a statement. "Cognizant and Inawisdom's clients will benefit from our shared, deep relationships with AWS and our combined expertise with AI, machine learning, cloud, and data analytics," said Malcolm Frank, President, <keyword id="10470927" type="COMPANY" weightage="20" keywordseo="digital-business-cognizant">Digital Business, Cognizant</keyword>. Inawisdom focuses on delivering cloud-native, full-stack solutions leveraging proven consulting methodologies and an analytics and <keyword id="3678745" type="COMPANY" weightage="20" keywordseo="machine-learning-platform">machine learning platform</keyword> built using AWS. "As a committed and proven expert in AI and machine learning, we are excited to join Cognizant and build on Inawisdom's unique combination of accelerators and skills," said Neil Miles, CEO, Inawisdom. "Being part of Cognizant provides access to a wider, global network of AI and machine learning professionals, and a wealth of new capabilities that will expand our joint service offerings for successful data transformation". Inawisdom has developed the Rapid Analytics and Machine Learning Platform (RAMP), based on AWS cloud technology, to provide a continually evolving and reusable code repository and accelerate AI-driven business outcomes. Using RAMP, coupled with its own Agile consulting approach, Inawisdom helps clients across multiple use cases from enhancing supply chain efficiency to improving customer service and reducing operating costs, often achieving results within weeks. "Cognizant and Inawisdom joining forces is a win for our customers, and we look forward to the industry and data science capabilities the Cognizant team will be able to offer our customers," said Doug Yeum, Head of <keyword id="10470925" type="COMPANY" weightage="20" keywordseo="global-partner-organisation">Global Partner Organisation</keyword>, AWS. Founded in 2016, Inawisdom has operations in the UK and the Netherlands. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/heres-what-analysts-say-if-you-should-subscribe-or-not-to-the-300-crore-ipo-of-antony-waste-handling-cell/articleshow/79790998.cms">Antony Waste Handling Cell ₹300-crore IPO opens today — these are the risks and opportunities</a> <a href="https://www.businessinsider.in/business/startups/news/the-founder-of-sugar-cosmetics-explains-how-the-startup-clocked-a-60-growth-in-sales-during-the-pandemic/articleshow/79832966.cms">The founder of SUGAR cosmetics explains how the startup clocked a 60% growth in sales during the pandemic</a> <a href="https://www.businessinsider.in/business/startups/news/pine-labs-valuation-crosses-2-billion-as-it-raises-fresh-funds-from-lone-pine-capital/articleshow/79833738.cms">Pine Labs' valuation crosses $2 billion as it raises fresh funds from Lone Pine Capital</a>

Cognizant acquires UK-based artificial intelligence and machine learning  company Inawisdom

New Delhi, <keyword id="9769347" type="UNKNOWN" weightage="20" keywordseo="cloud-major-oracle">Cloud major Oracle</keyword> on Monday announced that <keyword id="10468571" type="UNKNOWN" weightage="20" keywordseo="several-indian-businesses">several Indian businesses</keyword> like Polycab, Religare Broking and Mphasis have moved on to its second-generation cloud services in the country, amid the rising demand for secure, enterprise-grade Cloud services. Other Indian firms subscribing to Oracle's Cloud applications and infrastructure include <keyword id="438553" type="PERSON" weightage="20" keywordseo="Omega-Healthcare">Omega Healthcare</keyword>, Nippon Life India Asset Management, GTPL Hathway, IFFCO, Lipi Data Systems, Infocepts, RXIL and ARCIL. "Over the last 4-5 years, we have doubled our overall customer base and have nearly 1,000 strategic partners in our network. All this is a reflection of Oracle emerging as the cloud provider of choice for our customers," said Shailender Kumar, Regional Managing Director, Oracle India. Oracle offers enterprise-grade security and performance out of two local Cloud regions in Hyderabad and Mumbai, as well as 29 others worldwide, seen as critical by Indian organisations wanting to accelerate their digital journey and future-proof their business. "We are fully geared up to help organisations of all sizes and from all industries, unlock new value from their data in the New Year, aiding faster innovation and growth recovery, while enhancing their end customer experience," Kumar said in a statement. Oracle said its nearly 1,000 channel partners in India now play a key role in driving growth in the country, as part of the modernised <keyword id="3679824" type="COMPANY" weightage="20" keywordseo="Oracle-PartnerNetwork">Oracle PartnerNetwork</keyword> (OPN 2020) which is enabling channel partners to prepare for a Cloud-first world. "With our cloud migration capabilities and investments in Cloud Adjacent Data Centres, Sify is making it easier for customers to embrace Oracle <keyword id="408916" type="PERSON" weightage="20" keywordseo="cloud-infrastructure">Cloud Infrastructure</keyword> led hybrid cloud adoption in India," said Sify's CEO Kamal Nath. In the recent 2020 SaaSPath survey from IDC, Oracle was rated among the most-trusted SaaS vendors, and scored highly on robust data security, high availability, and value. "We have almost minimal spend on maintenance and operations now that we are using Oracle Cloud ERP. We strongly believe that as a long term strategy, this transformation will give us the much needed spur for growth," said Pradeep Paliwal, CTO, Religare Broking. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/heres-what-analysts-say-if-you-should-subscribe-or-not-to-the-300-crore-ipo-of-antony-waste-handling-cell/articleshow/79790998.cms">Antony Waste Handling Cell ₹300-crore IPO opens today — these are the risks and opportunities</a> <a href="https://www.businessinsider.in/business/startups/news/the-founder-of-sugar-cosmetics-explains-how-the-startup-clocked-a-60-growth-in-sales-during-the-pandemic/articleshow/79832966.cms">The founder of SUGAR cosmetics explains how the startup clocked a 60% growth in sales during the pandemic</a> <a href="https://www.businessinsider.in/business/startups/news/pine-labs-valuation-crosses-2-billion-as-it-raises-fresh-funds-from-lone-pine-capital/articleshow/79833738.cms">Pine Labs' valuation crosses $2 billion as it raises fresh funds from Lone Pine Capital</a>

You Searched For "Pine Labs CEO" and got 8 results

Pine Labs appoints Amrish Rau as CEO

PTI

Teenager-focused payments startup FamPay raises $38 million led by Elevation Capital and Sequoia Capital

PTI

Sequoia and PayPal-backed Pine Labs completes a first close of $285 million funding round from new investors

PTI

Pine Labs just spend $45 million to acquire one of Southeast Asia's fastest growing fintech platforms

IANS

Get ready for nasty layoffs and say goodbye to the 4-day workweek

Tim Paradis

IPO-bound PineLabs just added a million merchants to its kitty with its latest acquisition

Kritti Bhalla

Cognizant acquires UK-based artificial intelligence and machine learning company Inawisdom

IANS

Polycab, Religare Broking and Mphasis move on to 2nd Gen Oracle Cloud to boost growth

IANS

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