The market size for global capability centers (GCC), also known as multinational tech centers, amounted to $28.3 billion in 2018, compared to $19.5 billion in 2014 according to a study by industry body Nasscom. With over 1,250 and counting, India has the biggest presence of GCCs in the world, (the...
Mastercard to Invest $1 Billion in India
Keeping pace with the growth of India's digital payments market, Purchase, New York-based Mastercard announced a fresh investment of $1 billion over the next five years to increase its infrastructure in the country. The company expects to double its existing headcount from 2,000 to 4,000 during that period. Rajeev Kumar...
Matrix Partners Invest in India's Dairy Startup Country Delight
Palo Alto, CA-based Matrix Partners' subsidiary Matrix Partners India led an investment of $10 million in Guragaon-based dairy startup Country Delight. Matrix’s previous investment in the dairy space was on milk and grocery delivery startup DailyNinja. "We have been tracking Country Delight for more than a year now and have...
Swiss Givaudan Launches Second Manufacturing Facility in India
Givaudan, Switzerland-based manufacturer of flavors, fragrances, and active cosmetic ingredients, inaugurated a 430,000 square feet facility near Pune in the state of Maharashtra to meet the growing demand in the food and beverage and healthcare segments. The opening ceremony was attended by Givaudan top management including chief executive officer Gilles...
Parallel Wireless Partners with India's Telcos
Nashua, NH-based Parallel Wireless, a provider of end-to-end software-based network solutions ranging from 2G to 5G, is working with Reliance Jio Infocomm, Airtel, and Vodafone-Idea in India. These companies plan to enhance indoor coverage by deploying solutions such as small cells. Small cells are low-powered cellular radio access nodes that...
Blade Will Commence Helicopter-Ride Business in India
New York City headquartered Blade Inc., a ride-sharing app for helicopters, will launch in India's financial capital Mumbai, its first city outside the United States. Working with local partners Hunch Ventures based in New Delhi, Blade India will start the service in March 2019, and claims passengers will be able...