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More Brands Break the US$1 Million Mark as Lazada Celebrates Partner Growth

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Abbott, EstéeLauder Companies and Samsung received Brand of the Year honours at the annual LazMall Brand Gala 2026.Stronger 9.9 results and new shopper research highlight the opportunity for brands to grow by meeting higher expectations of value, authenticity and service.

SINGAPORE, Oct. 1, 2026 /PRNewswire/ — Lazada, a leading eCommerce platform in Southeast Asia, celebrated the achievements of its 170,000-strong brand ecosystem at the annual LazMall Brand Gala 2026, as more brands reached major sales milestones on the platform.

The Gala brought brand leaders and partners together to recognise that progress and shape the next stage of growth around what shoppers increasingly value; authentic products, better shopping experiences and confidence in every purchase.

Abbott, Estée Lauder Companies and Samsung received LazMall Brand of the Year honours, leading the winners across 10 award categories. The annual gathering celebrated the people, ideas, ambition and partnerships behind the brand moments that continue to move businesses forward.

More brands are turning momentum into growth

The Gala followed a strong 9.9 Mega Brands Sale, where more brands reached significant commercial milestones on Lazada. Compared with 6.6 2026, the number of brands generating US$1 million or more in GMV increased by 8%, while more brands also crossed the US$100,000 and US$500,000 marks.

Shoppers were also making bigger purchases through trusted brand channels. Orders worth US$100 or more contributed almost 60% of total campaign GMV, while LazMall accounted for 49% of all orders across the region.

That momentum was reflected in this year’s Gala winners, from brands creating stronger launches and sharper marketing to those building greater relevance within their categories.

Three big awards of the nights:

Abbott, Estée Lauder Companies and Samsung won LazMall Brand of the Year, recognising their leadership in building trusted brands through innovation and elevated shopping experiences on Lazada.Dyson, Huawei and Nestlé received the LazMall Best Brand Partnership Award, recognising brands that demonstrated exemplary always-on operations, strong platform collaboration and a commitment to delivering high-quality products, services and shopper experiences.imoo, LiberNovo, Ralph Lauren, SHOKZ, TUMI and WILSON won LazMall Rising Star, recognising brands that delivered exceptional growth and momentum in their respective categories. WILSON, for example, recorded more than 90% year-on-year GMV growth from January to August 2026, with orders increasing by more than 80%.

Other award winners included:

LazMall Momentum Award: adidas, L’Oréal Dermatological Beauty and SharkNinjaLazMall Best Use of Marketing Solutions: BLUETTI, LG, Nike, TCL and XiaomiLazMall Best New Launch: ASICS, P&G and RoborockLazMall Trend Impact: DJI, L’Oréal Luxe Division and lululemonLazMall Category Innovation Award: CHOW TAI FOOK, COTY and LEGOLazada Partner E-Commerce Excellence: Intrepid, LEAP Commerce and SynagieLazada Media Partner Excellence: Intrepid and Publicis Media

Together, the winners reflect a broader story of growth on Lazada, where stronger marketing, better launches, category innovation and deeper shopper engagement are helping brands build momentum that extends beyond a single campaign.

Winning Shopper’s Choice

The achievements celebrated at the Brand Gala come as shoppers become more considered about where, what and how they buy. Lazada’s 2026 ECommerce Savvy Shopper Report, conducted by Cube across 6,000 shoppers in Southeast Asia, found that around one in four are Savvy Shoppers, consumers who compare more carefully, look for stronger safeguards and expect more from brands before making a purchase. That extra consideration can translate into greater value. Savvy Shoppers spend 31% more each month than General Shoppers, representing an estimated US$11.5 billion gap in annual marketplace spending across the six markets. Nearly half, 47%, are also willing to pay more for stronger purchase protection.

For brands, earning that choice increasingly means showing up with the right combination of trust, content and discovery. At 9.9, affiliates contributed almost 30% of regional GMV, while AI-guided interactions through LazzieChat generated nearly US$2.2 million in GMV, up 38% from 6.6. It is this ability to keep evolving with shoppers that sits behind many of the achievements celebrated at this year’s Gala.

Building the next chapter together

As shoppers become more deliberate about what they buy and which brands they trust, brands need more than visibility to win their choice. At the Gala, Iris Wei, President of Lazada Group, mapped out Lazada’s next chapter of growth, centered on a brand-led, quality-focused approach and deeper investment in the capabilities that can help brands grow across Southeast Asia.

That means strengthening the entire journey around the brand. Lazada is continuing to invest in AI, payments, membership and logistics, while expanding its advanced integrated marketing solutions across creators, affiliates, off-platform partnerships, on-platform visibility, discovery and performance. Together, these capabilities give brands more ways to build awareness, convert demand and strengthen customer relationships over time.

“As shoppers expect more from eCommerce, brands have an opportunity to build deeper trust and greater value,” said Iris. “Building a successful brand takes time, and Lazada is here for that long journey. We will keep investing in the capabilities that help brands grow, because we believe the strongest growth is built together.”

That commitment captures what the Brand Gala ultimately celebrates. The evening recognized the progress brands and partners have already made, but it also marked the beginning of what comes next. From established global names to rising brands, Lazada wants to build that next chapter alongside its partners, combining technology, marketing, infrastructure and shared investment to create stronger businesses and bigger brand moments across Southeast Asia.

About Lazada Group

Lazada Group is Southeast Asia’s pioneer eCommerce platform, advancing commerce through technology across Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. Lazada connects shoppers to a trusted ecosystem of more than 170,000 global and local brands, sellers and partners, offering a diverse product assortment and engaging shopping experiences. Its technology, payments and homegrown logistics capabilities help make online shopping and selling more seamless, secure and accessible, supporting businesses of all sizes to grow in the region’s digital economy.

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SOURCE Lazada Group

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NuSummit Appoints Kunal Purohit as Managing Director and CEO

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MUMBAI, India, Oct. 1, 2026 /PRNewswire/ — NuSummit, a leading global provider of AI-led cybersecurity, data, digital, and cloud transformation solutions across Capital Markets, Insurance, Banking, and Financial Services, today announced the appointment of Kunal Purohit as Managing Director and CEO.

Anantharaman Sreenivasan (Ganesh), who led NuSummit through five years of growth, integration, and transformation, will transition from his current role as MD and CEO immediately and continue as an Executive Director on NuSummit’s Board till 31st March 2027, supporting the leadership transition.

Kunal brings more than two decades of experience in starting and scaling businesses around modern technologies. He has held leadership positions at Tech Mahindra and HCL Technologies, where he helped clients redesign business processes and deliver business outcomes using technologies such as cybersecurity, AI, cloud, and data. Entrepreneur India recognized him among the Top 25 Tech Trailblazers in India, and IIM Indore awarded him the Distinguished Alumni Award for his impact in AI. He also sits on the boards of several start-ups.

Varun Laul, Partner, Investcorp and Board Member, NuSummit, said, “We are delighted to welcome Kunal to lead NuSummit into its next phase of growth. Kunal brings deep expertise in next-generation technologies, such as cybersecurity, cloud engineering, and AI, which are core offerings for NuSummit. His deep experience scaling global technology businesses will help the company accelerate and deliver greater value to clients. We also thank Ganesh for his contributions to NuSummit in its early years as an independent company.”

Kunal Purohit said, “I am excited to join NuSummit at an important juncture for the company. There is a crucial convergence of AI, cybersecurity, data, and cloud emerging across the enterprise technology landscape, and NuSummit is well positioned to support clients through this transformation journey. We bring deep industry expertise and strong engineering capabilities across these modern technologies and create meaningful business value.”

About NuSummit

NuSummit is a global technology leader in AI-led cybersecurity and digital transformation, spanning applications, data, analytics, and cloud. With over two decades of experience, we serve 300+ clients worldwide, including 22 Fortune 500 companies, with core expertise in banking, insurance, and capital markets.

Backed by Investcorp, a leading global alternative investment firm, NuSummit empowers organizations to orchestrate outcomes that help navigate the complex digital and cybersecurity landscape with confidence. 

For more information, visit www.nusummit.com.

About Investcorp

Investcorp is a global investment manager, specializing in alternative investments across private equity, real estate, credit, absolute return strategies, GP stakes, infrastructure, and insurance asset management. Since our inception in 1982, we have focused on generating attractive returns for our clients while creating long-term value in our investee companies and for our shareholders as a prudent and responsible investor.

Investcorp has 14 offices today across the US, Europe, the GCC, and Asia, including India, China, Japan, and Singapore. Currently, Investcorp Group has $64 billion of AUM in scale, including assets managed by third-party managers, and employs approximately 500 people from 40 countries globally across its offices. 

For further information, visit www.investcorp.com and follow us @Investcorp on LinkedIn, Twitter, and Instagram.

 

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J.K. Fenner (India) Limited Announce Strategic Relationship with Yamada Manufacturing Co., Ltd.

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CHENNAI, India, Oct. 1, 2026 /PRNewswire/ — J.K. Fenner (India) Limited, a leading manufacturer of automotive and industrial engineering solutions, today announced a strategic relationship with Yamada Manufacturing Co., Ltd., Japan, to strengthen the development and manufacturing of advanced automotive components for domestic and global markets.

Established in 1946, Yamada Manufacturing Co., Ltd., Japan, is a leading Japanese automotive component manufacturer with expertise in oil pumps, water pumps, steering columns, drivetrain components, and other precision automotive systems. The company serves leading global OEMs, bringing decades of engineering excellence and manufacturing expertise.

The strategic relationship combines JK Fenner’s strong manufacturing capabilities, engineering expertise, and customer reach with Yamada Manufacturing’s advanced Japanese technology and product development capabilities. The partnership aims to accelerate innovation, enhance product quality, and address the evolving requirements of automotive OEMs, including next-generation mobility solutions.

Through this strategic relationship, the two companies will focus on:

Technology transfer for advanced automotive component manufacturing.Joint product development to meet global quality and performance standards.Localization of advanced technology products for the Indian automotive market.Enhancing manufacturing processes, quality systems, and engineering capabilities.Delivering innovative, reliable, and cost-effective mobility solutions to customers.

Through this strategic relationship, Yamada aims to accelerate its market entry and business expansion in India.

About Yamada Manufacturing Co., Ltd. 

Yamada Manufacturing Co.,Ltd. is specialized in development, design and manufacturing auto parts for the critical function of “driving, steering and braking” including transmission components, steering system components and automotive pumps, particularly oil and water pumps for automobiles and motorcycles. Yamada operates in Japan, United States, China and Thailand. Yamada’s philosophy is working together as a technology oriented corporation to provide value beyond customers’ expectations in a creative and original way, and to spread joy to people all over the world.

www.yamada-s.co.jp

About J.K. Fenner (India) Limited

J.K. Fenner (India) Limited is one of India’s leading manufacturers of automotive and industrial engineering solutions, offering a comprehensive portfolio that includes power transmission products, automotive components, sealing solutions, fluid transfer system, and engineered products. With a strong manufacturing footprint, advanced engineering capabilities, and a customer-first approach, the company serves leading OEMs and industrial customers across India and international markets.

www.jkfenner.com

Media Contact:
Phone: +91 44 4399 4666
Email:contact@jkfenner.com
Website:www.jkfenner.com

 

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Kyndryl Report: As AI Broadens Modernization Agenda, Leaders Prioritize Business Outcomes Over Replacing Legacy Systems

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Global survey reveals how 2,000 business and technology leaders are addressing AI-driven demand across IT elements  

Nearly half of organizations are behind schedule despite modernization being a top priority98% of organizations delayed modernization and experienced negative business impactsAs AI reshapes expectations for how technology can deliver results, more organizations are expanding their use of technology than consolidating themOrganizations deploying agentic AI are making faster modernization progress and seeing early benefits as AI takes on traditionally challenging tasks

NEW YORK, Oct. 1, 2026 /PRNewswire/ — Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, today released its first global Modernization Report, which found that as organizations expand investments across legacy and modern platforms, modernization increasingly requires business orchestration, not technology consolidation.

“AI is creating new possibilities and raising expectations for the business outcomes technology should deliver,” said Martin Schroeter, Chairman and CEO, Kyndryl. “Modernization is about preparing for what comes next, and the leaders making the most progress are investing across their technology environments—strengthening resilience and putting those investments to work where they deliver the greatest value.”

Based on insights from 2,000 business and technology leaders across five continents and 12 industries, the research shows how AI is reshaping investment priorities across infrastructure and applications, while also challenging organizations’ operating models.

According to the report’s findings, the need to adopt AI now outranks priorities to reduce spending, replace legacy systems, or address a shrinking pool of legacy systems expertise. AI is the top driver of increased mainframe and edge computing use, the second-biggest driver for SaaS and private cloud expansion, and the leading reason organizations are upgrading their networks and application portfolios. Every organization with a mainframe now reports plans to deploy AI to the platform.

Together, these trends are creating more complex technology environments and new operational challenges for technology leaders.

Nearly half of respondents said they are behind schedule on their modernization goals. Agentic AI, which can autonomously plan and execute tasks, is emerging as a way to modernize faster. Ten percent of organizations have deployed agentic AI in production for modernization, applying it to typically time- and skills-intensive tasks of dependency mapping, code conversion, and generating documentation. Early adopters reported stronger outcomes, with 67% saying they are ahead of or on track with modernization goals, compared with 51% of other organizations.

The research also highlights what is slowing organizations down. Just 9% said they fully understand their applications’ dependencies, and one-quarter say they have large numbers of undocumented applications.

Among other findings, Kyndryl’s study shows that:

Modernization has become a business-wide priority, not just a technical one
The findings underscore the growing demands on CIOs, who must advance several priorities at once: AI adoption, cyber resilience, regulatory compliance, operational efficiency, and business growth. Respondents named nine distinct stakeholder groups with control over modernization, from CIOs and CTOs to boards of directors and finance and compliance teams. Modernization has outgrown the IT department and become a board-level business decision. Its growing importance also requires organizations to coordinate decision-making across more stakeholders without sacrificing speed.

Global events shape technology decisions alongside cost and performance
Sovereignty considerations are a growing factor in modernization strategies. While 65% of organizations address sovereignty selectively or primarily through a compliance lens, 63% expect sovereign cloud usage to increase and 55% expect sovereignty and regulatory requirements to place greater demands on their network architectures. The findings suggest that the geographic location of where technology runs is increasingly being shaped by governance and geopolitical considerations alongside performance, cost and innovation.

Complexity keeps compounding
The findings challenge the long-held assumption that digital transformation would lead organizations to gradually migrate toward a single preferred technology environment. Instead, their technology environments are becoming more distributed and complex as they prepare for AI. Mission-critical applications are distributed almost evenly across public cloud, private cloud, mainframe and on-premises environments, creating an increasingly hybrid enterprise. As digital transformation extends across the business, it must be underpinned by strategic, governance, and operational coordination—including a more integrated approach to cyber resilience as AI-driven threats accelerate and broaden. 

Read more about Kyndryl’s 2026 Modernization Report.

About Kyndryl
Kyndryl (NYSE: KD) is a leading provider of mission-critical enterprise technology services, offering advisory, implementation and managed services across thousands of customer environments in more than 60 countries. The company designs, builds, manages and modernizes the complex information systems that the world depends on every day. For more information, visit www.kyndryl.com.

Kyndryl press contact
press@kyndryl.com 

 

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SOURCE Kyndryl

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