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Salesforce Strengthens India Presence with Fresh Investments

StartupTalky

StartupTalky · 4m ago

Salesforce Strengthens India Presence with Fresh Investments

Salesforce is expanding its operations in India, leveraging the nation’s skilled talent pool. Since starting in Hyderabad in 2005, the company now employs over 13,000 people across six locations, contributing $1 billion in annual revenue. India is Salesforce's second-largest market, and the company plans continued expansion fueled by sectors like BFSI, retail, and manufacturing. Globally, Salesforce anticipates surpassing $41 billion in revenue by FY26, emphasizing cloud computing and AI adoption.

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Captain Fresh acquires Spain-based tuna processor Frime

Entrackr

Entrackr · 27d ago

Captain Fresh acquires Spain-based tuna processor Frime

Bengaluru-based seafood supply chain company Captain Fresh has completed the acquisition of Spain-based tuna processor Frime. The deal strengthens its presence across key global seafood categories. Founded in 1977 and headquartered in La Roca near Barcelona, Frime specialises in premium yellowfin tuna and serves retail and foodservice customers across 33 countries. The company generates more than €180 million ($213 million) in revenue and holds over 20% share of Europe’s yellowfin tuna market. With this acquisition, Captain Fresh expands its multi-species portfolio and gains a major processing footprint in Europe. Frime operates four production sites across seven factories with an annual processing capacity of 15,000 tonnes of frozen products, 9,000 tonnes of fresh tuna, and 3,800 tonnes of semi-preserved products. The company recently invested €50 million ($59 million) in modern processing facilities in Barcelona. Captain Fresh said that the acquisition strengthens its presence across three large seafood categories including crustaceans, salmon, and tuna. The company plans to scale Frime’s tuna through its distribution network in the United States and expand its crustacean and salmon portfolio across Europe. Frime’s leadership team, including chairman Salvador Ramon Mateo and CEO Pablo Múgica, will continue to lead the company within the Captain Fresh group. The development comes months after Captain Fresh withdrew its draft red herring prospectus filed with the Securities and Exchange Board of India. The company took this step to facilitate closure of a material acquisition and maintain flexibility in its capital structure. Captain Fresh has expanded globally through acquisitions. In 2024, it acquired Poland-based salmon company Koral to strengthen its presence in the European salmon market. Earlier, it acquired US-based seafood importer CenSea and France-based seafood distributor Senecrus. According to its FY25 financials, Captain Fresh reported a 2.5X jump in gross merchandise value to Rs 3,421 crore in FY25 from Rs 1,395 crore in FY24. The company also posted a net profit of Rs 42 crore compared to a loss of Rs 229 crore in the previous year.

Salesforce CEO Marc Benioff proclaims, ‘No question that we are going to move into an incredible moment in India’ | Mint

Livemint

Livemint · 1y ago

Salesforce CEO Marc Benioff proclaims, ‘No question that we are going to move into an incredible moment in India’ | Mint

Salesforce CEO Marc Benioff sees India as the focal point of the global economy, calling it the "Indian era". Speaking at the company's annual 'Dreamforce' event, Benioff expressed enthusiasm about the opportunities Salesforce has in India, where it has made significant investments. The company currently employs over 11,000 people in India and expects to generate $38 billion in revenue by 2025. Benioff also praised former State Bank of India chairperson Arundhati Bhattacharya, who now leads Salesforce's operations in India. At the same event, Salesforce launched 'Agentforce', an autonomous AI tool designed to simplify business functions.

Cellecor Gadgets partners with Zepto to boost quick commerce

Inshorts · 1y ago

Cellecor Gadgets partners with Zepto to boost quick commerce

Cellecor Gadgets Limited has partnered with Zepto to expand its quick commerce presence. This enables rapid delivery of Cellecor’s electronics via Zepto’s network, enhancing convenience. The move strengthens Cellecor’s position in online and offline retail, aligning with its goal of offering advanced, affordable technology. Zepto continues to revolutionise quick commerce in India.

Salesforce India revenue grew over 50% in FY23, India growth good; company to expand ops in Bengaluru

Economic Times

Economic Times · 2y ago

Salesforce India revenue grew over 50% in FY23, India growth good; company to expand ops in Bengaluru

Salesforce India reported a 50% increase in revenue in FY23, amounting to over Rs 6,000 crore. The country's growth has exceeded expectations amid a global slowdown and demand downturn in technology spending. The company plans to expand its office presence in Bengaluru and continue hiring in India. Salesforce had established a center of excellence in Hyderabad earlier this year and currently has over 10,000 employees in India, compared to 2,500 in 2020. Despite previously announcing layoffs, the company now plans to hire more than 3,300 employees for various roles.

Hubbl Technologies Raises $6M Series A | The SaaS News

The Saas News

The Saas News · 1m ago

Hubbl Technologies Raises $6M Series A | The SaaS News

Hubbl Technologies, an AI-powered Salesforce intelligence platform based in San Francisco, raised $6 million in Series A funding led by Salesforce Ventures, with participation from Industry Ventures. The funds will accelerate the development of its intelligence platform, enhancing AI-driven operations for enterprises. Since its 2022 launch, Hubbl has served over 4,000 customers, offering insights that help unlock value from Salesforce investments. Hubbl aims to redefine enterprise operations in the agentic era.

India presents exciting opportunity, world moving into an Indian era: Salesforce chairman

Economic Times

Economic Times · 1y ago

India presents exciting opportunity, world moving into an Indian era: Salesforce chairman

Salesforce CEO Marc Benioff spoke about India's growing importance as the world moves into an "Indian era" during the annual Dreamforce event. Benioff expressed excitement about the opportunities in India and mentioned the company's aggressive investments in the country. Salesforce has over 11,000 employees in India, serving global clients and experiencing growth in its Indian business. Benioff praised the leadership of Arundhati Bhattacharya and discussed the launch of Agentforce, an autonomous AI solution for various business functions. While acknowledging potential job losses due to AI, Benioff highlighted successful examples of repurposing employees for higher growth.

Airtel-Perplexity deal gives the AI giant an entry into India market - The Economic Times

Economic Times

Economic Times · 8m ago

Airtel-Perplexity deal gives the AI giant an entry into India market - The Economic Times

Bharti Airtel has partnered with AI company Perplexity, granting its 360 million users a free 12-month subscription to Perplexity Pro. This collaboration marks Perplexity’s entry into the Indian market and offers Airtel customers advanced AI tools like GPT 4.1 access, deep research capabilities, and image generation. The partnership enhances Perplexity's visibility, strengthens its presence in India, and provides Airtel with insights into user interaction with AI, potentially leading to more personalized services.

Salesforce plans $500 mn in AI-related investments in Saudi Arabia

VCCircle

VCCircle · 1y ago

Salesforce plans $500 mn in AI-related investments in Saudi Arabia

Salesforce announced a $500 million investment in AI-related projects in Saudi Arabia, marking significant expansion in the region. The company plans to introduce Hyperforce, developed with Amazon Web Services, and partner with firms like Capgemini and Deloitte to bolster its Agentforce product for customer service. Additionally, Salesforce aims to establish a regional headquarters in Riyadh and train 30,000 Saudis by 2030, aligning with Saudi's broader efforts to attract AI investments.

AI analytics company Databricks looks to ramp up India play

Economic Times

Economic Times · 9m ago

AI analytics company Databricks looks to ramp up India play

Databricks is expanding its presence in India with a $250 million investment to enhance talent, R&D, and market reach. With a $62 billion valuation, the company sees India as vital for AI talent and innovation, aiming for positive cash flow. Databricks emphasizes AI's potential to boost productivity without job losses, focusing on upskilling. They are investing in local compliance and language support, viewing changing dynamics as opportunities rather than threats, despite competition from firms like Snowflake and Salesforce.

Databricks names Kamalkanth Tummala India country manager - The Economic Times

Economic Times

Economic Times · 6m ago

Databricks names Kamalkanth Tummala India country manager - The Economic Times

Databricks appointed Kamalkanth Tummala as India’s country manager to oversee a $250 million investment focusing on research, training, and go-to-market operations. Previously with Salesforce, Tummala is expected to bolster Databricks' presence in India, a key growth market. Databricks, valued at over $100 billion, serves major Indian companies like HDFC Bank, Swiggy, and TVS Motors. The company also expanded its Bengaluru R&D center and launched the India Data + AI Academy.

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