Business Briefs

E-commerce platform LaYuva Wednesday said it aims to clock USD 15 million in revenue in 2019-20, as it expands product range and services in the country. "We have been expanding our product range and supply chain network and will cater to a wide-range of buyers - right from consumers to small shopkeepers and bulk buyers... In FY2019-20, we aim to clock revenues of USD 12-15 million," LaYuva CEO and co-founder Rahul Bahukhandi said.

"We will import products from across 36 countries like Australia, China, France, Thailand, the US and others to India. Some of the international brands available on our platform include Miniso, Vegoos and Mistine," Bahukhandi said.

* * * * * Groww raises USD 6.2 mn in funding led by Sequoia India

Groww, an online investment platform, Wednesday said it has raised USD 6.2 million in funding led by Sequoia India. The series A round also saw participation from Y Combinator, Propel Venture Partners and Kauffman Fellows, Groww said in a statement.

The funds will be used to build technology to scale and launch new products that offer high quality investment options to users, it added.

* * * * * Comviva eyes 2-fold growth in MENA biz, appoints Ramy Moselhy to head unit

Mobility solutions provider Comviva Wednesday said it has appointed Ramy Moselhy as the new Market Unit Head for Middle-East and North Africa (MENA) region. This appointment comes at a time when the company is aggressively focusing on expanding its footprint across the MENA region to achieve the next growth phase, Comviva said.

"The company is targeting over two-fold business growth in the region over the next three years, with a strong focus on digital solutions and data analytics technologies," it added.

* * * * * Infosys partners with HPE

India's second largest IT services firm Infosys Wednesday said it has adopted HPE GreenLake to accelerate clients' digital transformation. The partnership will help enterprises make smart infrastructure investments, paying for what they consume, while benefiting from the security offered by a trusted managed services provider, Infosys said.

Clients will also benefit by having a secure private cloud and the advantages of economics and flexibility that exists in public cloud, it added.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)