Apna Raises $70M In Series B Funding From Insight Partners & Tiger Global At $570 Million Valuation

●  Apna, India’s largest homegrown professional networking and jobs platform, has grown 50X in the last 12 months, with more than 10 million candidates and 100,000+ employers currently relying on the platform

●  The investment will allow Apna to build more new products, hire best in class tech talent & expand to new geographies

Apna, the market-leading professional networking and jobs platform for India’s rising working class, has raised a $70 million Series B round led by Insight Partners and Tiger Global. Existing investors, Sequoia Capital India, Lightspeed India, Greenoaks Capital and Rocketship VC have also participated in the round. The investment amounts to an endorsement of Apna’s undisputed market leadership and stellar business growth. With this investment Apna has now raised over $90 million and is now valued at $570 million, within 16 months of product launch.

Apna will use the proceeds to strengthen its presence in existing cities and expand pan-India over the next 6 months to help restart India’s economy as it recovers from the COVID-19 pandemic. The team plans to double down on their edtech platform for skilling by continuing to invest in hiring exceptional talent and building world class engineering and product capabilities. Additionally, Apna plans to expand to high potential international markets such as Southeast Asia and the United States in the coming year.

“At Apna we are determined to take a fresh approach towards solving employment and skilling challenges for billions. Over the last month itself Apna has facilitated more than 15 million job interviews and work related conversations where users have helped each other to start a business, find a gig or learn a new skill. We are still in the early stages of solving the problem and are excited to continue on this journey with the backing of our new partners.” Nirmit Parikh, Founder & CEO, Apna

Founded in 2019, Apna is on a mission to connect people to opportunities. It’s tech-driven approach to harness the power of communities has enabled access to better jobs and entrepreneurship for millions of Apna’s users. This has been especially crucial in a pandemic year which has seen severe disruption to the labour markets due to intermittent lockdowns. Networking on Apna changed the life trajectory of Shivam Singh, an aspiring graphic designer from a small Indian town who lost his job during the pandemic. He found expert guidance and customers on the Apna app to build a successful business. Today he serves as an inspiration to countless aspiring entrepreneurs and designers. Millions of such lives are transformed every month by Apna, as it focuses on delivering a double bottom line.

Today, the app comprises 60+ communities for skilled professionals like carpenters, painters, field sales agents and many others. The app allows users to access local job opportunities, network with peers, practice for interviews, share their accomplishments, and gain new skills.

In the short span of a year, Apna has become the app of choice for Indian professionals. Apna has witnessed exceptional growth since its launch - with 10 million+ users and 100,000+ employers, relying on Apna to find appropriate job opportunities and talent respectively. Over the past three months Apna has doubled the number of Indian cities in which it is present to 14. This growth has enabled Apna to catapult from a challenger to the market leader in its category. It has also attracted top global and local talent from firms like Uber, BCG & Swiggy.

“We have been incredibly impressed with Apna’s stellar growth over the last year. They have built the market leading platform for India’s workforce to establish digital professional identity, network, access skills training, and find high quality jobs. Employers are engaging with Apna at a rapid pace to help find high quality talent with low friction which is leading to best in class customer satisfaction scores. We believe that our investment will enable Apna to continue their steep growth trajectory, scale up their operations, and improve access to opportunities for India’s workforce.” Nikhil Sachdev, Managing Director, Insight Partners

Apna’s product-led approach to a globally relevant problem makes it infinitely scalable. Griffin Schroeder, Partner, Tiger Global said “Apna’s focus on digitizing the process of job discovery, application and employer candidate interaction has the potential to revolutionize the hiring process. The Apna app also helps workers form professional networks and upskill themselves. We are excited to partner with the team as they expand to new markets in India and abroad.”

Apna’s sophisticated data-science led algorithm matches candidates with employers taking into account their skills and experience. This has enabled employers and recruiters to solve for trust, relevancy and candidate volume. Several of India’s leading companies, such as Zomato, Burger King, Bharti-AXA, Delhivery, Teamlease, G4S Global, Shadowfax and 1MG rely on Apna to address their most urgent and critical hiring needs. In addition, Apna has partnered with some of India’s leading public and private organizations. Apna is supporting National Skill Development Corporation, UNICEF Yuwaah, the Ministry of Minority Affairs of India, in their endeavor to provide better skilling and job opportunities to candidates.

About Apna

Founded in 2019, the Apna.co is India’s largest professional networking platform dedicated to helping India’s burgeoning working class to unlock unique professional networking, and skilling opportunities. The app is currently live in 14 cities - Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Pune, Ahmedabad, Jaipur, Ranchi, Kolkata, Surat, Lucknow, Kanpur, Ludhiana, and Chandigarh.

Having raised $90+ million from marquee investors like Insight Partners, Tiger Global, Lightspeed India, Sequoia Capital India, Rocketship.vc and Greenoaks Capital, Apna is on a mission to enable livelihoods for billions in India. With over 10 million users, present in 14 cities and counting, and over 100,000 employers that trust the platform - India has a new destination to discover relevant opportunities.

About Insight Partners

Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised through a series of funds more than $30 billion in capital commitments. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on software expertise to foster long-term success. Across its people and its portfolio, Insight encourages a culture around a belief that ScaleUp companies and growth create opportunity for all. For more information on Insight and all its investments, visit insightpartners.com or follow us on Twitter @insightpartners.

About Tiger Global Management:

Tiger Global Management, LLC is an investment firm that deploys capital globally. The firm's fundamentally oriented investments focus primarily on the global internet, software, financial technology, consumer and industrial sectors. The private equity strategy has a ten-year investment horizon and targets growth-oriented private companies. Such investments have included Spotify, Harry's, Warby Parker, Peloton, JD.com, Facebook, LinkedIn, Yandex, Mail.ru Group, Despegar, Ola and Flipkart. The public equity efforts emphasize deep due diligence on individual companies and long-term secular themes. Tiger Global was founded in 2001 and is based in New York with affiliate offices in Hong Kong, Singapore, Bangalore and Melbourne.

This World Music Day, Lift Up Your Spirit, With MTV BEATS, Vh1 And MTV #LiftUpWithMusic

Did you know that music is still the no.1 stressbuster for youth, trumping sleep or talking to friends/confidantes? As per MTV Youth Study 2021, youth chose music 44% of the times when under stress in 2020, compared to 20% in 2018-19.

As it is truly said, ‘Where words fail, music speaks.’

While we continue our struggle with coming to terms with the new normal, that has limited human interaction as much as leaving us feeling forlorn, the biggest respite has been courtesy music. With an endeavour to celebrate this power and beauty of music that binds us therapeutically and helps us lift up our spirits, this year, some of the leading artists across India have decided to come together for World Music Day Lift Up on MTV BEATS, Vh1 and MTV #LiftUpWithMusic. Hosted by the euphonic Jonita Gandhi, this music concert will be the one-stop destination for unplugged music, positive affirmations by artists, interactive sessions, candid conversations, and more, on Monday, 21st June.

·         MTV Beats- 12 PM, 6 PM, 10 PM

·         Vh1 - 12 PM and 9 PM

·         MTV - 2:30 PM, 8:30 PM

World Music Day Lift Up will be a one-of-a-kind musical extravaganza, featuring 32 ace musicians, such as Shilpa Rao, Sona Mohapatra, Shaan, Jubin Nautiyal, Salim-Sulaiman, Raftaar, Sachin-Jigar, Shreya Ghoshal, Armaan Malik, Amaal Mallik, Rochak Kohli, Tulsi Kumar, Shalmali, Arjun Kanungo, Akasa, Asees Kaur, Harshdeep Kaur, Dhvani Bhanushali, Sachet-Parampara, Ankur Tewari, Bhoomi Trivedi, Vishal Mishra, Nikhita Gandhi-Shashwat Singh, Anusha Mani-Sangeet Haldipur, Shashaa Tirupati, Payal Dev, Stebin Ben, Avanti Nagral, Raghav Meattle, Kamakshi Khanna, Yashraj, Kayan, Zephyrtone, Trishes and L-Fresh The Lion, who will perform unplugged versions of their favourite songs, and talk about how a song helped lift up their spirits during the lockdown and acted as a catalyst in the process of healing through the pandemic.

Excited to host World Music Day Lift Up, Jonita Gandhi said, “The ongoing pandemic and lockdown continues to present us with unprecedented tough times. Having said that, I believe it also gave us a chance to reignite our passion for music in ways that have been truly fulfilling. World Music Day Lift Up on MTV BEATS, Vh1 India and MTV India is a perfect platform for all of us to share our experiences with a universal emotion that binds us together- music. This one’s dedicated to our concerted love for songs and melodies.”

All set to spread amity with their musical prowess, Salim-Sulaiman said, “Music is synonymous to healing. In the times we’re living in, it is imperative to channel your energies in the right direction and not let negativity deter your spirits. Our love for the craft has kept us going during this pandemic-induced lockdown. We’re happy to be able to do our bit for World Music Day Lift Up on MTV BEATS, Vh1 India and MTV India. Looking forward to an interesting celebration replete with great music and inspiring stories.”

Ankur Tewari added, “This year, the celebration of music will be different yet special for each one of us. Music has been instrumental in helping people relive the good old days and at the same time, instil positivity for a better tomorrow. World Music Day Lift Up on MTV Beats, Vh1 and MTV India echoes a beautiful emotion and I’m thrilled to be a part of it. A fun and uplifting sessions awaits all of us.”

When it comes to being emotionally healthy, music surpasses all other forms of relaxation, by miles. So, get set to relax and immerse yourself into the musical spectacle, that is, World Music Day Lift Up on MTV Beats, Vh1 and MTV #LiftUpWithMusic. Don’t miss out:

MTV Beats - 12 PM, 6 PM, 10 PM

Vh1 - 12 PM and 9 PM

MTV - 2:30 PM, 8:30 PM

About MTV BEATS

Launched in 2016, MTV Beats is a 24x7 Hindi music channel with a focus on Bollywood. MTV BEATS combines specially curated music playlists with thematic shows and interactive features to become the music companion for every situation - from working out in the morning to partying all night and everything in between. To give the audience’s life a unique beat, MTV Beats has defined the week into mood-based themes and curated playlists accordingly, thereby making music viewing a more relatable experience and is known for fun filled shows such as Baba Ki Chowki and Ad-Free Mornings. MTV Beats is also known for special playlists curated by celebrities which include FitStop with Sunny Leone, Dil Beats with Darshan Raval and House Party with DJ Chetas and much more.

About Vh1 India:

Vh1 is India’s only 24-hour International entertainment channel that provides viewers with their daily dose of International music, Hollywood, Pop culture and Lifestyle. Vh1 is a part of Viacom 18. Since its inception in January 2005, Vh1 has grown tremendously reaching over 75 million people in India. Vh1 India has grown the English music audience by 180% in the last 5 years alone. The channel has pioneered the heady combination of programming content and lives on ground activities. Vh1 has been committed to bringing to Indian audiences the best of international music genres like EDM, punk, rock, reggae, hip hop, pop, jazz etc. Through their international properties like “Rock Rules”, “Jazz Masters”, “Hip-Hop Hustle” & “Handpicked”. Vh1 has successfully brought down, artists such as Anoushka Shankar, Wyclef Jean, Kardinal Offishall, Mobb Deep, Flipsyde, Jazz legend Herbie Hancock & chart topper Simon Webbe. From 2011, Vh1 India also secured a multi-year deal for Music’s Biggest Event – The Grammys. This deal has spearheaded Vh1 as the No.1 viewing destination for the youth in the English entertainment and lifestyle space. Globally, Vh1 is available across 148 million households in over 124 countries/territories.

About MTV:

MTV, the world’s premier youth brand, is a dynamic and vibrant blend of music and pop culture. With a global reach of more than half-billion households, MTV is a cultural home to the millennial generation, music fans, and artists. 50 MN fans following MTV across show pages on social media have made it one of the top brands in social influence as well. MTV consumer products are available across 35+ unique categories through strategic brand licensing tie-ups, leading to combined retail sales of 100+ crores present across all key online and off-line channels of distribution. MTV has a buzzing MTV Live business with properties like MTV Video Music Awards and MTV Bollyland. Aiming to entertain, lead and collaborate with young people through its evocative communication and youth relevant shows like Hustle, Roadies, Splitsvilla, Coke Studio@MTV, MTV Unplugged, MTV Girls on Top, MTV Love School and keep them engaged through various cause led initiatives such as MTV Rock the Vote and MTV The Junkyard Project. 

About Viacom18:

Viacom18 Media Pvt. Ltd. is one of India's fastest-growing entertainment networks and a house of iconic brands that offers multi-platform, multi-generational and multicultural brand experiences. A joint venture of TV18, which owns 51%, and ViacomCBS, with a 49% stake, Viacom18 defines entertainment in India by touching the lives of people through its properties on-air, online, on-ground, in-shop and through cinema.

MTV BEATS: https://www.instagram.com/p/CQAbxTQhe-A/?utm_medium=copy_link

Vh1 India: https://www.instagram.com/p/CQAbumaKnVY/?utm_medium=copy_link

MTV India: https://www.instagram.com/p/CQAeddGhOEH/?utm_medium=copy_link

Vi Introduces Fully Managed Voice Service For Enterprise Customers – First Time In India

-  First and only telecom operator to provide Managed SIP service in India

-  Offers high security, resilience, customisation and flexibility with new age networks and across devices

- Help enterprises get a transparent and complete view of their fixed voice network, with best-in-class SLAs, voice analytics, quality scores and value added features

Vi Business, the enterprise arm of Vodafone Idea Ltd. (VIL), has introduced Managed SIP service for businesses for whom voice calls are a key business resource. Most Indian BPOs/KPOs, the BFSI and IT/ITES, telemarketers, VAS providers, conference service providers and similar sectors are currently relying on legacy TDM based PRI connections from multiple vendors and do not have a clear view on the efficacy of each service. With Vi’s Managed SIP (MSIP), these organizations will now have the assurance of security as well as a window to monitor, measure and optimise their voice infrastructure. These services also help user clients get a complete view of their fixed telephony network, with best-in-class SLAs, voice analytics, quality scores and features to improve service efficiency.

Features: 

* Proactive monitoring of last mile and voice traffic

* Availability of real time & historical reports on voice KPIs through porta 

* Monitoring & management of Customer Premises Equipment (CPE)

* Dedicated Service desk

For business verticals and functions where voice is a key business resource, fixed telephony is of utmost importance. Globally, fixed telephony has evolved from legacy TDM to SIP (Session Initiation Protocol). Requirements for more flexible networks that adapt to new age IP networks, unified communications and the extended Work from Home scenario have triggered the growth of SIP Trunk services in recent months.

Announcing the launch of Managed SIP services for Enterprises in India, Abhijit Kishore, Chief Enterprise Business Officer, Vodafone Idea Limited, said “With the introduction of Vi Managed SIP service, Vi Business is now in a position to be a single point facilitator of comprehensive fixed telephony solutions that enable businesses to gain better control of their overall voice infrastructure and the ability to garner meaningful insights on voice performance for their clients/ internal stakeholders. I am confident that this significant addition to our basket of best in class, holistic communications solutions for Enterprises, will help our customer organisations transform the way they communicate with their customers”.

One of the most perceptible and measurable benefits of using Vi Managed SIP service is in the form of measurable enhanced service quality:

-  Single trunk has multiple pilot numbers- This helps customers having multiple businesses to keep a tab on their expenses

-  Unlimited voice channels/sessions on a single trunk- There’s no maximum limit on the number of channels a single trunk can configure. This helps customers in maintaining a single connection no matter how many sessions they have, thereby simplifying operational management

-  Digital experience portal to access real time reports and review the network

-  Proactive monitoring of problems to track the efficiency of voice resources

-  Auto ticketing for threshold breach of KPIs, ensuring reduction in mean time to repair. In case of fault, dedicated customer service desk will work proactively to address and plug the breach of SLA parameters

- Future ready technology to help customers reduce their operating cost on purchase of hardware and manpower for managing them, besides doing away with hardware obsolescence.

About Vi:

Vodafone Idea Limited is an Aditya Birla Group and Vodafone Group partnership. It is India’s leading telecom service provider. The Company provides pan India Voice and Data services across 2G, 3G and 4G platform. With the large spectrum portfolio to support the growing demand for data and voice, the company is committed to deliver delightful customer experiences and contribute towards creating a truly ‘Digital India’ by enabling millions of citizens to connect and build a better tomorrow. The Company is developing infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings, conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence. The Company is listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in India. The company offers products and services to its customers in India under the TM Brand name “Vi”.

Mitron TV Founders Launch Video Editing App 'MontagePro' In 176 Nations

* Along with India, MontagePro is available in 176 countries

* Users get access to all the premium features for free

The founders of Mitron TV, one of India’s leading short format video app, have launched an advanced video editing application, 'MontagePro'. The video editing application has been primarily designed for content creators offering premium video editing services for free. The app includes more than 300 premium effects and filters and enables creators to export videos at 60 FPS HD without watermarks. MontagePro is available globally on Google Play and has crossed over 500K downloads.  

Targeted at budding and advanced content creators as well as editors, the free all-in-one video editing app offers superior features that are clutter-free with a simple UX and UI for first-time creators and advanced features and effects for skilled creators. The easy to install application provides unique features like PiP (Picture-in-Picture) that allows users to embed another video in a section of their primary video clip, enabling users to upload the same video to multiple social media handles without disrupting the original resolution.  

Key app features:

·         Videos can be exported without watermarks

·         Supports custom export settings

·         PiP (Picture-in-Picture) feature

·         Users can upload the edited videos directly on social media platforms through the app

·         Voice modulation

Moreover, users can add custom watermarks of their own from an existing image file while controlling the size, angle, and opacity or export and download videos without any watermark. While exporting the videos, users can choose the desired aspect ratios. The app’s music library comprises trending sound effects to suit all kind of moods & occasions with volume control settings. The app is designed to meet the smallest needs of creators and editors such as trimming, filters, adding text, blur, doodling, speed control, beauty controls, sticker support, amongst others. In addition to high-quality, exclusive features, MontagePro is looking to expand its asset library such as filters, effects, new text styles, and updating the existing music library.

Commenting on the launch of the application, Anish Khandelwal, Co-founder & CTO, Mitron TV, said, "Our aim as a UGC platform is to keep up with advanced technology and on-demand requirements. With our keen focus on building the creators' ecosystem, all our efforts have been and will continue to be directed towards developing technology solutions for the creator community. There are multiple video editing apps, but when a creator or editor edits a video, he has to pay for several features. We believe that a creator should be given unique opportunities to showcase their creativity. Hence, all the features of MontagePro come for free and it is a one-stop destination for all video editing needs. With MontagePro, we aim to serve the global market by tailoring and simplifying editing tools to meet today's growing user needs.”

Commenting on the launch of the application, Rumit Anand, VP of Product, Mitron TV said, "The growing demand for video content has compelled content creators to go mobile-first, and with MontagePro we see an opportunity to be strong enablers of this evolving ecosystem”.

He further added, “Since the beginning, our primary goal has been to translate complex editing into simple and usable features that anyone can use. MontagePro was thus created to serve the entire creator ecosystem, from novice to advanced creators. The video editor is at par with global standards and offers custom export settings for easy sharing, as well as the option to customise or completely remove a watermark.”

Digital transformation has continued to drive all industries in the last one year. As per the latest LinkedIn's 'Jobs on the rise' list, content creation is becoming an increasingly popular career for young creators as the demand for local and relevant content is growing. With the increased consumption of content, the MontagePro app from the makers of Mitron TV will help empower and simplify the entire editing process with its avant-garde technological features that will benefit the creator's community. 

Paytm Insurance Broking Strengthens Its Portfolio, Offers “Private Car And Bike Insurance To Vehicle Owners”

* Partnered with 14 insurance companies to offer insurance policies for all vehicle models 

* Affordable vehicle insurance  with discounts upto 80% on Own Damage Premium 

Users can compare and buy Comprehensive, Third-Party only or Own Damage only policies along with 14 add-on options for four-wheelers and six for two-wheelers including Zero Depreciation, Invoice Cover, Roadside Assistance & Engine Protect. 

Provides claim support and post-purchase service 

Vehicle insurance products available on Paytm App (Android & iOS) and the insurance website, www.paytminsurance.co.in

Paytm Insurance Broking Private Ltd, (PIBPL) a wholly-owned subsidiary of India’s leading digital financial services platform Paytm and a growing insurance distributor, has introduced car and bike insurance offerings. The company’s affordable vehicle insurance plans are being offered to users in partnership with 14 top insurers.

The platform offers seamless services to help vehicle owners to avail insurance without uploading any documents before purchasing the policy. They also don’t have to worry about being bothered by telecallers pushing them to buy insurance. Payments for these insurance products can be done through Paytm Wallet, Paytm Postpaid, Paytm UPI, net banking, debit & credit card. PIBPL also offers discounts on own damage cover of upto 80% on select vehicles.

PIBPL offers options to buy Comprehensive, Third-Party only, Own Damage only policies in a completely digital process. Along with the same, the company also offers 14 add-on options for cars and 6 add-on options for two-wheelers including zero depreciation, invoice cover, roadside assistance & engine protect available on the platform.

The company also provides claim support and post-policy purchase services to its customers through a dedicated service team so that users have a hassle-free experience. Motor insurance products are available on Paytm App (Android & iOS), Paytm website & mobile website as well as on www.paytminsurance.co.in

Paytm Insurance Broking Limited spokesperson said, "Insurance continues to be an underserved segment in India. Paytm hopes to change that by making accessibility and affordability a priority. We are focused on making the whole process of buying and renewing both car and bike insurance simple, seamless and completely digital. The journey takes  2 minutes and the policies are issued instantly. In order to provide the best experience to the customer, we have deliberately chosen not to have telecallers pushing them." 

Jaguar Land Rover To Develop Hydrogen Powered Defender Fuel Cell Prototype

* Jaguar Land Rover announces hydrogen concept to be based on new Land Rover Defender

* Hydrogen fuel cell electric vehicle (FCEV) prototype to begin testing in 2021

* Hydrogen FCEVs forecast to top 10 million by 2030 with 10 000 refuelling stations worldwide*

* Project part of company’s aim to achieve zero tailpipe emissions by 2036 and net zero carbon emissions across supply chain, products and operations by 2039

Jaguar Land Rover is developing a prototype hydrogen fuel cell electric vehicle (FCEV) based on the new Land Rover Defender, with testing scheduled to begin this year.

The FCEV concept is part of Jaguar Land Rover’s aim to achieve zero tailpipe emissions by 2036, and net zero carbon emissions across its supply chain, products and operations by 2039, in line with the Reimagine strategy announced last month. 

FCEVs, which generate electricity from hydrogen to power an electric motor, are complimentary to battery electric vehicles (BEVs) on the journey to net zero vehicle emissions. Hydrogen-powered FCEVs provide high energy density and rapid refuelling, and minimal loss of range in low temperatures, making the technology ideal for larger, longer-range vehicles, or those operated in hot or cold environments.

Since 2018, the global number of FCEVs on the road has nearly doubled while hydrogen refuelling stations have increased by more than 20%**. By 2030, forecasts predict hydrogen-powered FCEV deployment could top 10 million with 10 000 refuelling stations worldwide*.

Jaguar Land Rover’s advanced engineering project, known as Project Zeus, is part funded by the government-backed Advanced Propulsion Centre, and will allow engineers to understand how a hydrogen powertrain can be optimised to deliver the performance and capability expected by its customers: from range to refuelling, and towing to off-road ability. 

The zero tailpipe emission prototype New Defender FCEV will begin testing towards the end of 2021 in the UK to verify key attributes such as off-road capability and fuel consumption.

To deliver Project Zeus, Jaguar Land Rover has teamed up with world class R&D partners, including Delta Motorsport, AVL, Marelli Automotive Systems and the UK Battery Industrialisation Centre (UKBIC) to research, develop and create the prototype FCEV.

Ralph Clague, Head of Hydrogen and Fuel Cells for Jaguar Land Rover, said: “We know hydrogen has a role to play in the future powertrain mix across the whole transport industry, and alongside battery electric vehicles, it offers another zero tailpipe emission solution for the specific capabilities and requirements of Jaguar Land Rover’s world class line-up of vehicles. The work done alongside our partners in Project Zeus will help us on our journey to become a net zero carbon business by 2039, as we prepare for the next generation of zero tailpipe emissions vehicles.”

LTI Expands Strategic Relationship With Amazon Web Services

 

* Multiyear strategic collaboration agreement accelerates customer value and innovation through digital transformation

Larsen & Toubro Infotech (BSE: 540005, NSE: LTI), a global technology consulting and digital solutions company has entered into a strategic collaboration agreement with Amazon Web Services (AWS).

LTI has recently launched a dedicated cloud unit for AWS which will focus on migration and modernization, SAP application workloads, data analytics, and Internet of things (IoT), complemented by LTI’s advisory, professional services, and delivery capabilities. In addition, LTI will build state-of-the-art accelerators and create industry-focused cloud offerings for the Banking and Financial Services, Manufacturing, Retail & CPG, Media & Entertainment, Hi-Tech, and Insurance sectors.

Sanjay Jalona, CEO & Managing Director, LTI said, “Enterprises are seeking speed and efficiency as they adopt cloud services to gain competitive advantages and improve customer engagement. The collaboration with AWS will help us achieve these objectives and accelerate our services and solutions to build, migrate, manage, operate, and optimize AWS environments and infrastructure of our clients.” 

Siddharth Bohra, Chief Business Officer & Head of Cloud Business Unit, LTI said, “This partnership will support the scaling of LTI’s AWS practice with deeper collaboration in development of products and services. LTI will leverage its deep knowledge and experience to drive end-to-end digital transformation for global enterprises using advanced industry solutions, analytics platforms, and technology services, built and deployed on AWS.”

“We are delighted to deepen our collaboration with LTI,” said Doug Yeum, Head of Global Partner Organization at AWS. “Through this collaboration, LTI will expand their AWS practice to serve global customers as they look to leverage AWS services to accelerate their digital transformation, innovate at a faster pace, and solve the most challenging business problems."

Bobby George, Senior Vice President & Chief Digital Officer, Carrier said, “At Carrier, cloud is at the core of our digital transformation strategy and will be instrumental in driving our business initiatives for segment growth, delivering new digital products and services, and improving customer experience. With their deep knowledge of the Carrier ecosystem and strong AWS expertise, LTI is an important partner in our journey. I congratulate LTI and AWS on their strategic collaboration and look forward to accelerating transformation at Carrier. All the best!”

LTI has made significant investment to build AWS expertise, having attained AWS competencies for DevOps, Migration, Data & Analytics, Financial Services, Machine Learning, Microsoft Workloads, and SAP.

About LTI:

LTI (NSE: LTI) is a global technology consulting and digital solutions Company helping more than 400 clients succeed in a converging world. With operations in 31 countries, we go the extra mile for our clients and accelerate their digital transformation with LTI’s Mosaic platform enabling their mobile, social, analytics, IoT and cloud journeys. Founded in 1997 as a subsidiary of Larsen & Toubro Limited, our unique heritage gives us unparalleled real-world expertise to solve the most complex challenges of enterprises across all industries. Each day, our team of more than 35,000 LTItes enable our clients to improve the effectiveness of their business and technology operations and deliver value to their customers, employees and shareholders. Follow us at @LTI_Global