December 2022

3 briefs archived this month.

• Startup

  Mamaearth Parent Honasa Consumer Revamps Board With 50% Independent Directors

  Honasa Consumer Limited, the parent entity behind major direct-to-consumer brands such as Mamaearth, The Derma Co., Aqualogica, and Ayuga, has restructured its board of directors to ensure that 50% of the seats are held by independent directors. The move is aimed at enhancing corporate governance, protecting minority shareholder interests, and facilitating unbiased strategic decision-making within the leadership team. By establishing a balanced board composition, the beauty and personal care giant seeks to moderate internal conflicts of interest and uphold rigorous corporate compliance standards as it scales its multi-brand consumer portfolio across India.

  Dec 23 · Indianweb2.com

• Funding

  Chennai Healthtech Blod.in Raises Pre-Seed Round Led by Tamilpreneur

  Chennai-based healthcare technology startup Blod.in has raised an undisclosed amount in a pre-seed funding round led by community platform Tamilpreneur, headed by Shyam Siddarth and Praveen Krishna. The financing round also drew backing from prominent angel investors, including M2P Fintech co-founder Prabhu Rangarajan, IppoPay co-founder Mohan K, and bitsCrunch executives Vijay Pravin and Ashok Vardharajan. Blod.in focuses on transforming healthcare logistics and blood management systems. The startup will deploy the newly acquired capital to expand its core technological infrastructure, scale hospital partnerships, and strengthen operational capabilities across South India's regional healthcare markets.

  Dec 14 · Indianweb2.com

• Startup

  IBM and Maersk Discontinue Joint Blockchain Platform TradeLens

  Shipping giant A.P. Moller - Maersk and IBM are shutting down TradeLens, their joint blockchain-based supply chain platform. Launched in 2018, TradeLens aimed to digitize global supply chains and enhance transparency as an open industry platform. Despite high-profile backing, the venture struggled to achieve commercially viable industry-wide adoption. The companies announced that the TradeLens team will withdraw its service offerings and take the platform offline by the end of the first quarter of 2023, while ensuring continuity for existing customers during the sunset period.

  Dec 4 · Indianweb2.com