CXO Digital Pulse

In October 2024, India’s #fintech sector witnessed a substantial decline in #funding, with total #investments dropping to $199.4 million across just four rounds. This marks a sharp decrease from the previous months, with $507.8 million raised in August and $230 million in September, continuing a downward #trend. However, the October funding still remains almost double compared to the same month in 2023, when Indian fintech companies raised $108 million from 12 deals. https://lnkd.in/gzZk82YR

Physical Intelligence, a promising #startup focused on developing foundational #software for #robots, announced that it has raised $400 million in early-stage #funding. The investment round saw participation from high-profile investors, including Amazon founder Jeff Bezos, OpenAI, and leading venture capital firms Thrive Capital and Lux Capital. Following this funding, the company’s valuation has soared to $2 billion, according to PitchBook. https://lnkd.in/g4mm_mTU

Indian Railways is planning to launch a comprehensive “super app” by the end of this year, aimed at revolutionizing the passenger experience. Developed by the Centre for Railway Information Systems (CRIS), this app will work in synergy with the existing systems of IRCTC to provide users with a seamless, all-inclusive platform. “IRCTC will continue as the interface between CRIS and passengers buying train tickets. Integration between the planned super app and IRCTC is underway,” the report said, quoting an official. https://lnkd.in/gZBBT4ri

Innovartan Learning Solutions, an edtech startup based in Noida, has successfully raised Rs 5 crore in a pre-seed #funding round, co-led by notable investors Gokul Rajaram and Amit Singhal . This funding marks a significant step towards Innovartan’s goal of transforming India’s #education system by bridging the gap between traditional school education and competitive exam preparation. https://lnkd.in/gcwsj-Sk

#AppointmentAlert ✨ Praveena Rai has been named the new Managing Director and Chief Executive Officer of the Multi Commodity Exchange of India Ltd. (MCX). This appointment follows her impactful tenure as Chief Operating Officer at the National Payments Corporation of India (NPCI), where she played a significant role in advancing #digital payment solutions. With a career spanning over 30 years in #financial services, Rai has held influential #leadership roles at Kotak Mahindra Bank, Citi, and HSBC, bringing a wealth of #experience in #business #strategy and #technology. https://lnkd.in/gSfNpDdB

#AppointmentAlert ✨ Shubbam Sharrma has been appointed Chief Growth Officer at Pepperfry, leveraging extensive experience in the #retail and e-commerce #industries. Formerly the Chief Business Officer at ImpactGuru, Shubbam played a key role in driving #growth and optimizing operations across various #markets. At Pepperfry, he will spearhead initiatives focused on expanding market #share, enhancing customer acquisition strategies, and boosting operational efficiency. His plans include launching new product categories and developing the #B2B segment through strategic #partnerships and #innovations. https://lnkd.in/gBnUj9-2

#AppointmentAlert ✨ Nathan Adams has been named Chief People Officer at Lloyd's, set to join in early 2025 and become a member of the Executive Committee. With over 20 years of experience in #HR and organizational #transformation, Nathan has held prominent positions at Aviva, including Chief People Officer at Aviva Investors. His extensive career also includes key HR #leadership roles at Barclays and Arcadia, showcasing his comprehensive #industry expertise and #strategic capabilities. https://lnkd.in/grjPcxPw

#AppointmentAlert ✨ Eric Heurtaux has been appointed as the Chief Executive Officer of Planet, starting January 1, 2025. His elevation from Chief Financial Officer to CEO underscores his influential role within the company’s #leadership and strategic #development. With a robust background in the #payments and #technology industries, Heurtaux has been pivotal in shaping Planet’s direction and operational framework. https://lnkd.in/guDWFuun

#AppointmentAlert ✨ Sanjay Nagpal has assumed the role of Chief Product & Technology Officer at The Times Of India, where he will lead a digital transformation agenda aimed at modernizing editorial #technology and improving data-driven decision-making. With extensive experience in the #media industry, Sanjay will oversee projects that integrate #AI into newsroom workflows, enhancing content management and editorial #efficiency. His responsibilities will also include collaborating with editorial and brand #leadership to unify consumer data across functions, ensuring that technological #innovations align with the publication's #growth strategies in a competitive media landscape. https://lnkd.in/gGRxdZyv

Seclore, the leading provider of data-centric #security solutions, today announced the extension of its Seclore Enterprise Digital Rights Management (EDRM) capabilities to support neutral or interoperable computer-aided design (CAD) files for #industries that create, manage, and share intellectual #property (IP). The support for neutral CAD files creates better visibility for #manufacturers with #compliance reporting and auditing needs. https://lnkd.in/gHRhNviZ