๐ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐ฅ
โ
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator โ
Log In
News on Medial
Taskmo Founders Exit As Early Investor Quess Corp Seals Buyout
Inc42
ยท
1y ago
Medial
Bengaluru-based gig economy platform Taskmo has been acquired by business services provider Quess Corp Limited for an undisclosed amount. Taskmo, founded in 2020, aims to revolutionize the gig economy by connecting businesses with on-demand talent. With artificial intelligence and an algorithm, Taskmo assists gig workers in finding tasks, provides real-time visibility for businesses, and offers training and upskilling courses. Taskmo has achieved significant growth, completing over 2 million tasks with the help of 75,000 gig workers. The acquisition is expected to strengthen Taskmo's market position and accelerate its growth.
View Source
Related News
Gurmeet Chahal appointed as CEO of Quess Global Technology Solutions
Economic Times
ยท
1y ago
Medial
Business services provider Quess Corp has appointed Gurmeet Chahal as the chief executive of Quess GTS (Global Technology Solutions), which is being demerged to become Digitide Solutions. Chahal brings 25 years of experience in digital transformation across industries. Quess Corp aims to deepen its focus on healthcare and financial services while enhancing competencies in data technology, AI, and analytics. The demerger process is expected to take 12-15 months, pending approval from the Securities and Exchange Board of India. Quess Corp's chairman is confident that Chahal will drive global revenue growth and help achieve the goal of becoming a $1 billion technology business.
View Source
Quess once staffed Indiaโs factories. Now, it is putting AI agents to work
Livemint
ยท
1m ago
Medial
Digitide Solutions, recently demerged from Quess Corp, employs AI agents as a chief listening officer to monitor employee morale. This AI solution communicates with employees to address concerns and manage attrition, demonstrating a shift from traditional human HR roles to AI-driven interactions. The innovative approach initiated by Quess founder Ajit Isaac highlights the growing integration of AI into human resource management, transforming traditional staffing practices into tech-driven solutions.
View Source
Banks, fintechs eye Paytmโs staff benefits business
Economic Times
ยท
1y ago
Medial
Paytm's exit from the employee benefits market is expected to create opportunities for competitors like Pluxee and Zaggle to expand their presence. With Paytm facing regulatory actions, large corporations are seeking alternative options for meal benefits to ensure tax compliance. Zaggle has already onboarded new corporate clients such as Wipro, Quess Corp, and Axis Bank. Pluxee, the employee benefit business of Sodexo, is also looking to tap into these fresh opportunities. The industry size of employee benefits is estimated to be around Rs 1 lakh crore, with margins being thin for companies operating in this space.
View Source
Reliance & Havells enter PE party to snap up Whirlpool
Economic Times
ยท
1m ago
Medial
Reliance Retail and Havells India are competing with major buyout funds to acquire a controlling stake in Whirlpool of India. Whirlpool Corp seeks to sell a 31% stake, retaining a 20% equity, as part of global restructuring. The sale is expected to generate $550-600 million. If completed, it might trigger an open offer for an additional 26% stake from public shareholders, potentially giving the investor a 57% stake in Whirlpool of India.
View Source
Morgan Stanley-led Wall Street banks free books from X buyout debt
Economic Times
ยท
3m ago
Medial
Wall Street banks, led by Morgan Stanley, finally offloaded Twitter's buyout debt from their books. These banks sold the last $1.23 billion portion of the $13 billion debt associated with Elon Musk's acquisition, now under X Holdings Corp. Initially facing investor hesitance, improved financials and demand allowed for a successful sale. The refinancing also reduced interest expenses significantly. X plans to evolve with AI and subscriptions, targeting a $20 billion investment.
View Source
SoftBank sells 2% stake in Paytm
Economic Times
ยท
1y ago
Medial
Japanese investor SoftBank Group Corp has sold a 2.17% stake in Indian payments firm Paytm, according to an exchange filing. This follows a previous announcement by SoftBank that it had sold a 2% stake in fintech company One97 Communications, the parent company of Paytm. SoftBank has been decreasing its stake in Paytm as it reportedly plans to eventually exit the company entirely.
View Source
Ranjan Paiโs family office Claypond hires former Foundit CEO to beef up top deck
VCCircle
ยท
4m ago
Medial
Claypond Capital, the family investment office of Manipal Hospitals' chairman Ranjan Pai, has appointed Sekhar Garisa as managing director. Previously CEO of Foundit, Garisa joins from Quess Corp. His role will involve working closely with Claypond's portfolio companies as the family office strengthens its leadership. Claypond has been enhancing its investment strategy in startups, including medtech acquisitions, following a significant shareholding change in Manipal Health Enterprises.
View Source
Alibaba seals India retreat with profits on unicorn bets
The Arc Web
ยท
1y ago
Medial
China's Alibaba Group is planning to exit its investments in India following a period of aggressive moves from 2015 to 2020. Despite facing restrictions on Chinese investments in domestic companies, Alibaba is expected to profit at least 100% from its $2 billion investment in half a dozen Indian companies. Zomato, a food-delivery unicorn that went public in 2021, has proven to be Alibaba's most successful investment in India. However, the company has also experienced losses in other e-commerce platforms such as Paytm Mall and Snapdeal.
View Source
Mamaearth in talks with Fidelity, GIC, QIA, SoftBank for $150 million pre-IPO round
Money Control
ยท
1y ago
Medial
Even though founders Varun and Ghazal Alagh are confident of delivering an exit to investors through their upcoming public listing, a few early investors want to offload shares before the IPO, according to a source.
View Source
The Moms Co Founder Mohit Sadaani Joins DeVC As Managing Director
Inc42
ยท
10m ago
Medial
Mohit Sadaani has joined DeVC as its managing director after two years of working as an angel investor. DeVC is an early-stage venture capital firm that supports startups at various levels. Sadaani has previously invested in 30 startups, including Perfora, Zippee, BizUp, My Muse, and Ripik.ai. Founded in 2022, DeVC positions itself as a fund established by founders, operators, and early investors.
View Source
Trackers
Active Indian VCโs
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything thatโs happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in