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Business Economy

Qapita secures USD1.8 million in Seed Round led by Vulcan Capital

Mumbai, Sep 7 (UNI) Qapita, a Singapore-based fintech and legal-tech firm with an office in India (Hyderabad) on Monday said that it has raised a seed round totalling USD1.8 million.
This round is led by Vulcan Capital and several prominent early stage investors including Alto Partners Multi Family Office, Atin Kukreja (CEO of Rippledot Capital), Koh Boon Hwee, K3 Ventures, KDV Holdings, Mission Holdings and several Northstar Group Partners including Patrick Walujo. In addition to managing capitalisation tables (cap tables) and employee stock ownership plans (ESOP), Qapita will also enable digital issuance of ESOPs and shares.
Qapita was founded in 2019 by CEO Ravi Ravulaparthi, COO Lakshman Gupta, and CTO Vamsee Mohan, who recognised the inefficiencies in private market ownership and transactions, coupled with the need to digitally disrupt this sector. The founders hold decades of experience in investment banking, corporate finance and software engineering respectively, working across markets like India, Singapore, Indonesia, Malaysia and Hong Kong. The founders are alumni of Indian Institute of Management (IIM) Bangalore, Indian School of Business (ISB) and Indian Institute of Technology (IIT) Chennai.
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Rupee opens flat at 73 36  against USD

Rupee opens flat at 73 36 against USD

20 Oct 2020 | 10:22 AM

Mumbai, Oct 20 (UNI) The Rupee on Tuesday opened steady at 73.36 against the US Dollar on selling of US Dollar by bankers and exporters, dealers at the Forex Market said.

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Sensex up 153 pts

Sensex up 153 pts

20 Oct 2020 | 10:19 AM

Mumbai, Oct 20 (UNI) The BSE Sensex on Tuesday advanced by 153 pts to 40,585 in early trade on buying in Materials, Energy, FMCG and IT stocks amid positive global peers.

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Parul University Takes Further Strides In Innovation By Receiving a 4 5 Star Rating under Institution’s Innovation Council’s 2 0 Annual National Rating

20 Oct 2020 | 9:39 AM

Baroda, Oct 20, 2020 (UNI/PNN) : The challenges which have been arising in todays’ times have been cementing Parul University’s position of furthering entrepreneurship and innovation, as a vital part of its teaching and learning process. It is due to this reason that this Vadodara situated University, has once again received a mark of recognition for its countless efforts towards innovation and entrepreneurship. As a part of the Institution’s Innovation Council’s annual nationwide rankings for higher performing institutions in the field of entrepreneurship, Parul University recently received a 4.5 star rating. The University’s position was declared by the Honorable Union Minister of Education, Shri Ramesh Pokhriyal Nishank, amongst some of the top Institutions across the country.

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Siemon Introduces Incoming Chief Financial Officer

20 Oct 2020 | 9:05 AM

WATERTOWN, Connecticut, Oct. 20, 2020 /PRNewswire/ -- Siemon, a leading global network infrastructure specialist, is pleased to introduce Kevin M. Gokey as the company's incoming Chief Financial Officer. Gokey joined Siemon on October 5, 2020 and will work alongside Siemon's current CFO, Tom Costello, until Costello's retirement at the end of the year - formally assuming the CFO position effective January 1, 2021.

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Open-sourced Blockchain Technologies Bring Back Cross-border Tours between Chinese Mainland and Macao

20 Oct 2020 | 9:01 AM

SHENZHEN, China, Oct. 20, 2020 /PRNewswire/ -- From September 23 onwards, Chinese mainland resumed issuing visas for visitors to Macao. Thanks to the mutual recognition system of Macao blockchain health code and Guangdonghealth code launched in May, mainland Chinese tourists can apply and use Guangdong health code to verify their health status when entering Macao. Up to date, more than 17 million people have cleared customs between Chinese mainland and Macao using the blockchain system. The average time of receiving, transforming, and generating the health code for the first time is only 100 seconds. And it will only take less than 3 seconds to complete the procedure when traveler clears customs again.

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