Kotak

Gogoro, Zomato and Kotak Mahindra Prime Partner in India to Accelerate Ownership of Electric Two-wheel Vehicles by Last Mile Delivery Partners

Retrieved on: 
Tuesday, March 28, 2023

DELHI, March 28, 2023 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced a partnership with Zomato, one of the largest food ordering and delivery platforms in India, and Kotak Mahindra Prime Limited, a subsidiary of Kotak Mahindra Bank Limited. The first of its kind in India, the partnership is focused on accelerating the adoption of sustainable electric vehicles by delivery partners that are on board with Zomato offering them new, more favourable loan terms not available in India today. The three-way partnership aligns with the government of India's focus on providing broad affordable access to sustainable transportation.

Key Points: 
  • Gogoro, Zomato and Kotak are partnering to make this a reality," said Horace Luke, founder, and CEO of Gogoro.
  • This partnership will provide a powerful opportunity for delivery partners to lead India's transition to smart and safe electric transportation."
  • With more than 300,000 delivery partners, Zomato is a leading food ordering, delivery and dining-out platform headquartered in India.
  • That's why we're excited to partner with Gogoro and Kotak on this endeavour," said Mohit Sardana, COO, Food Delivery at Zomato.

Kotak Mahindra Bank partners with Finastra for Kotak FYN

Retrieved on: 
Friday, October 7, 2022

SINGAPORE and MUMBAI, India, Oct. 7, 2022 /PRNewswire/ -- Finastra has today announced that it has partnered with Kotak Mahindra Bank to support its new integrated corporate banking portal, Kotak FYN, using Finastra's Unified Corporate Portal solution. Kotak Bank and Finastra have been working together since October 2021 to expand the Kotak FYN portal for business and corporate customers. The bank's customers can use the new enterprise portal to carry out all trade services. By the last quarter of 2022, the Kotak FYN portal will include many other services, including account services, payments and collections, thus eliminating the need for multiple logins and disparate user interfaces.

Key Points: 
  • SINGAPORE and MUMBAI, India, Oct. 7, 2022 /PRNewswire/ -- Finastra has today announced that it has partnered with Kotak Mahindra Bank to support its newintegrated corporate banking portal, Kotak FYN, using Finastra's Unified Corporate Portal solution.
  • Kotak Bank and Finastra have been working together since October 2021 to expand the Kotak FYN portal for business and corporate customers.
  • By the last quarter of 2022, the Kotak FYN portal will include many other services, including account services, payments and collections, thus eliminating the need for multiple logins and disparate user interfaces.
  • "Working together with Finastra, the Unified Corporate Portal will allow us to make the Kotak FYN portal even more revolutionary," said Shekhar Bhandari, President, Global Transaction Banking, Kotak Mahindra Bank.

Kotak Mahindra Bank partners with Finastra for Kotak FYN

Retrieved on: 
Friday, October 7, 2022

SINGAPORE and MUMBAI, India, Oct. 7, 2022 /PRNewswire/ -- Finastra has today announced that it has partnered with Kotak Mahindra Bank to support its new integrated corporate banking portal, Kotak FYN, using Finastra's Unified Corporate Portal solution. Kotak Bank and Finastra have been working together since October 2021 to expand the Kotak FYN portal for business and corporate customers. The bank's customers can use the new enterprise portal to carry out all trade services. By the last quarter of 2022, the Kotak FYN portal will include many other services, including account services, payments and collections, thus eliminating the need for multiple logins and disparate user interfaces.

Key Points: 
  • SINGAPORE and MUMBAI, India, Oct. 7, 2022 /PRNewswire/ -- Finastra has today announced that it has partnered with Kotak Mahindra Bank to support its newintegrated corporate banking portal, Kotak FYN, using Finastra's Unified Corporate Portal solution.
  • Kotak Bank and Finastra have been working together since October 2021 to expand the Kotak FYN portal for business and corporate customers.
  • By the last quarter of 2022, the Kotak FYN portal will include many other services, including account services, payments and collections, thus eliminating the need for multiple logins and disparate user interfaces.
  • "Working together with Finastra, the Unified Corporate Portal will allow us to make the Kotak FYN portal even more revolutionary," said Shekhar Bhandari, President, Global Transaction Banking, Kotak Mahindra Bank.

EnKash, a Corporate Spends Management and Cards Issuing Startup, Raises US$ 20 Million in an Ascent Capital-led Round, Joined by Baring India and White Ventures

Retrieved on: 
Monday, April 4, 2022

EnKash , an India-based, all-in-one Spends Management Platform and Corporate Cards company, has raised US$ 20 million as a part of its Series B round that was led by Ascent Capital and joined by Baring India & Singapore-based White Ventures.

Key Points: 
  • EnKash , an India-based, all-in-one Spends Management Platform and Corporate Cards company, has raised US$ 20 million as a part of its Series B round that was led by Ascent Capital and joined by Baring India & Singapore-based White Ventures.
  • We intend to cut short the cycles of manual work & processes while offering products & services in a completely DIY mode on our platform.
  • EnKash was founded by veterans in the cards and payments space - Naveen Bindal, Hemant Vishnoi and Yadvendra Tyagi .
  • The much-needed disruption in the corporate spends management space has been witnessed globally as multiple startups targeting this space have sprung up.

Kotak Special Situations Fund to invest INR 1000 crores in Sify’s Data Center business

Retrieved on: 
Monday, November 1, 2021

SISL is a leading data centre services player in India, serving Indian and Global enterprise customers and hyperscalers from its ten operational Data Centres across the country.

Key Points: 
  • SISL is a leading data centre services player in India, serving Indian and Global enterprise customers and hyperscalers from its ten operational Data Centres across the country.
  • India is witnessing the rise of Information technology-driven entrepreneurship and business growth.
  • Kotak Investment Advisors Limited (KIAL), a part of the Kotak Mahindra Bank (Kotak), focuses on the Alternate Assets business.
  • Kotak Special Situations Fund (KSSF) is an Alternative Investment Fund under SEBI regulations managed by the Alternate Asset Management Company - Kotak Investment Advisors Ltd. KSSF currently manages a USD 1 billion fund and is uniquely positioned to be a provider of customised solutions capital to corporates.

Darwinbox appoints Ex. Alight APAC Head to fuel growth & accelerate global expansion

Retrieved on: 
Wednesday, October 27, 2021

The ex-Alight APAC Head comes on board as the Senior VP of Global Customer Success and Delivery.

Key Points: 
  • The ex-Alight APAC Head comes on board as the Senior VP of Global Customer Success and Delivery.
  • As a company that has not just witnessed but been at the forefront of Cloud acceleration in the HR space, growth singularly means Value Realization for customers.
  • Shaswat's addition to the leadership team is a leap towards fast-tracking Darwinbox's growth by delivering maximum value to its 600+ customers and 1.3mn users worldwide to become a global HCM leader.
  • Shaswat comes with 2 decades of multi-geographical and multi-cultural experience in helping businesses with their HR transformation journeys.

Pine Labs announces a total round size of USD 600M

Retrieved on: 
Tuesday, July 6, 2021

IIFL AMC via its 'Late-Stage Tech Fund' and Kotak are also participating in this investment round, which is subject to approval from the Securities and Exchange Board of India (SEBI), bringing the total round size to over USD 600 million.

Key Points: 
  • IIFL AMC via its 'Late-Stage Tech Fund' and Kotak are also participating in this investment round, which is subject to approval from the Securities and Exchange Board of India (SEBI), bringing the total round size to over USD 600 million.
  • "Over the last year, Pine Labs has made significant progress in its Offline to Online strategy in India and the direct-to-consumer play in Southeast Asia.
  • We are excited to bring on board a marquee set of new investors in this round and appreciate the confidence they have placed on the Pine Labs business model and our growth momentum," said B. Amrish Rau, CEO, Pine Labs.
  • "Pine Labs has rapidly transformed from a single product company allowing retail acceptance of payments to a broader payments platform.

Indian Personal Loan Market Outlook Report 2020-2025, with Key Player Profiles Including IDFC First Bank, HDFC Bank, TATA Capital and SBI Bank

Retrieved on: 
Tuesday, August 4, 2020

The Indian Personal Loan Market is expected to grow at a formidable rate of around 10% during the forecast period.

Key Points: 
  • The Indian Personal Loan Market is expected to grow at a formidable rate of around 10% during the forecast period.
  • The increasing gap income and expenditure coupled with rising aspirations, especially among the young population are the key factors driving the Indian Personal Loan Market.
  • The Indian Personal Loan Market is segmented based on source, tenure, purpose, interest rate, company and region.
  • The major players operating in the Indian Personal Loan Market are IDFC First Bank, HDFC Bank, ICICI Bank, TATA Capital, Kotak Mahindra Bank, IndusInd Bank, Fullerton India, Bajaj FinServ, SBI Bank and others.

Aarti Kotak Named Chief Strategy and Operations Advisor at PEAK6

Retrieved on: 
Tuesday, July 14, 2020

CHICAGO, July 14, 2020 /PRNewswire/ --PEAK6, an investing and technology company, announced today that Aarti Kotak has been named Chief Strategy and Operations Advisor.

Key Points: 
  • CHICAGO, July 14, 2020 /PRNewswire/ --PEAK6, an investing and technology company, announced today that Aarti Kotak has been named Chief Strategy and Operations Advisor.
  • Ms. Kotak is an attorney with nearly 20 years of experience in economic development, public policy and public-private finance.
  • Most recently, she served as Deputy Chief of Staff for Neighborhood Economic Development in the Office of Mayor Rahm Emanuel.
  • "PEAK6 is committed to solving today's biggest problems through investment and forward-thinking technology and strategies," said Judi Hart, Chief Operating Officer, PEAK6.

ASG Technologies to Power Kotak’s Data Governance

Retrieved on: 
Tuesday, April 28, 2020

ASG Technologies , the only provider of integrated and flexible end-to-end solutions for the information-powered enterprise, announced today that Kotak Mahindra Bank (Kotak) has selected ASG to help pioneer its data governance initiatives.

Key Points: 
  • ASG Technologies , the only provider of integrated and flexible end-to-end solutions for the information-powered enterprise, announced today that Kotak Mahindra Bank (Kotak) has selected ASG to help pioneer its data governance initiatives.
  • To put in place robust data governance processes and systems, Kotak has selected ASGs Data Intelligence solution.
  • A robust risk management and governance practice is imperative in building a trustworthy bank and it is these key principles that are driving Kotaks data governance strategy.
  • We value our association with ASG and believe that ASGs Data Intelligence solution will enable us to set the standard for data governance among financial institutions in India.