Odoo, a startup challenging SAP in enterprise software, raised its valuation to 5 billion euros in a secondary share round led by Alphabet’s venture fund and Sequoia Capital. The Belgium-based company offers open-source enterprise resource planning software with over 80 applications for accounting, CRM, HR, e-commerce, and website building. CEO Fabien Pinckaers stated Odoo’s cash profitability and 50% revenue growth, emphasizing the need for simple and affordable solutions in the complex ERP market.
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CCS clears Army's Rs 10,000 crore Pinaka rocket deal; Solar, MIL to manufacture
The Cabinet Committee on Security has approved a Rs 10,000 crore acquisition of ammunition for the Indian Army's Pinaka multi-barrel rocket launcher systems, including Area Denial Munitions and Pinaka Enhanced Range rockets. Solar Industries and Munitions India Limited will produce the ammunition. Full Article
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