Posts in category: Startup News

The gaming industry is undergoing a transformation with the emergence of Web3 games. Kratos Studio, a leading player in this space, recently secured Rs 160 crore in venture funding, highlighting the potential of this new technology.

Web3 games are powered by blockchain technology and offer gamers an unprecedented level of transparency and security. Players can own their digital assets and have complete control over them without relying on third party intermediaries. This is a game-changer for the gaming industry as it opens up new possibilities for developers to create innovative experiences for gamers.

Kratos Studio’s success story is proof that Web3 games are here to stay and will continue to disrupt the gaming industry in the coming years.

What is Kratos Studio and Why Have They Raised Rs 160 Cr in Venture Funding

Kratos Studio is a revolutionary AI-driven platform that enables businesses to create and manage content at scale. It uses cutting-edge technologies such as natural language processing, machine learning and computer vision to automate the content creation process. This helps businesses save time, reduce costs and increase their efficiency in content production.

Kratos Studio has recently raised Rs 160 Cr in venture funding, as investors are seeing the potential of this technology in revolutionizing the content industry. It has already been adopted by some of the world’s leading organizations and is expected to be used more widely in the near future. With its ability to generate high-quality content quickly, Kratos Studio could be a game changer for businesses looking for an efficient way to create engaging digital experiences for their customers.

What is Web3 and How Can It Revolutionize the Gaming Industry

Web3 is an emerging technology that has the potential to revolutionize the gaming industry. It is a distributed ledger technology (DLT) that allows users to securely store, share and transfer digital assets without the need for a centralized server or third-party intermediary.

By using Web3, developers can create games that are more secure, transparent and trustless. Additionally, Web3 will enable developers to create games with new features such as decentralized ownership of digital assets, digital transactions and smart contracts. This could lead to an entirely new type of gaming experience for players, one where they have full control over their virtual items and in-game economies.

What Does This Mean for Nazara Former CEO Manish Agarwal and Kratos Studio

Manish Agarwal and Kratos Studio have been making waves in the gaming industry with their innovative approach to developing and publishing games. As the former CEO of Nazara Technologies, Manish Agarwal has been instrumental in transforming the company into a leader in mobile gaming.

Meanwhile, Kratos Studio has become one of the most successful game development studios in India. With their combined experience and expertise, it is clear that they are both well-positioned to make an impact on the future of gaming. In this article, we will explore what this means for Manish Agarwal and Kratos Studio as they look to further expand their presence in the industry.

How Can Web3 Games Help Create a More Engaging & Immersive Gaming Experience

Web3 games are the next evolution of gaming, allowing for a more immersive and engaging experience than ever before. By leveraging blockchain technology, these games can offer players a greater degree of ownership over their in-game assets and progress, as well as more secure transactions. Additionally, Web3 games can also support new types of gameplay experiences that are not possible with traditional gaming platforms. In this article we will explore how Web3 games can help create a more engaging and immersive gaming experience for players.

Key Points

• The firm intends to invest money to construct distribution networks for international Web 3 games in developing areas.
• Manish Agarwal, the former CEO of Nazara, and angel investor Ishank Gupta have funded Rs 160 crore for Kratos Studios, their new Web3 game company, at a valuation of Rs 1,200 crore.
• Accel Partners led the investment round, which also included Prosus Ventures, Nexus Venture Partners, Courtside Ventures, Nazara, and other investors.
• The firm intends to invest money to construct distribution networks for international Web 3 games in developing areas.
• “We are giving the 500 million or more players in South Asia the chance to use their time and expertise to create digital commodities for international games on the blockchain. This would allow South Asia to develop into a manufacturing hub for digital goods for the gaming industry, “In a statement, Agarwal stated.
• In order to work with IndiGG on the Web3 front, Nazara Technologies has also invested in this round.
• A blockchain-based gaming community called IndiGG is constructing distribution channels for international Web3 games in developing nations (DAO). It will make investments in the world’s most exciting Web3 games.
• In addition to generating money, Kratos Studios has also exchanged tokens for IndiGG, which is backed by Polygon Lab. Following the acquisition, holders of existing INDI tokens will exchange them for new tokens during the Token Generation Event in exchange for the new token. The INDI coin will continue to trade on the current exchanges up until that point.
• “As sub-DAOs in the IndiGG ecosystem, the IndiGG stack will collaborate with already-existing gaming micro-communities in South Asia, both offline and online. These micro-communities will support the rapid expansion of the community for international Web3 games “added Gupta.
• According to the startup, both co-founders will continue to work closely with co-founders Sandeep Nailwal of Polygon and Gabby Dizon of Yield Guild Games (YGG) to develop the first gaming DAO.
• “Blockchain has the potential to profoundly change the gaming industry and spur expansion in developing nations. We think that this group is most placed to help players realise this value. Along with IndiGG, we are dedicated to creating a thriving gaming ecosystem “Accel’s Subrata Mitra, a partner, continued.

Edtech startup AdmitKard, has raised Rs 50 crore in a Series A funding round led by GSV Ventures. The investment was also joined by existing investors such as Blume Ventures and Manta Ray Ventures. This latest round of funding will be used to expand AdmitKard’s presence in India and globally.

The funding will go towards developing innovative products, expanding the team, and building strategic partnerships with educational institutions across the world.Edtech startup AdmitKard plans to use this investment to further its mission of providing quality education opportunities for students around the world. With this new capital injection, AdmitKard is well-positioned to continue its growth trajectory and become a leader in the edtech space.

What is AdmitKard and What Does the Company Do

AdmitKard is an AI-powered platform that helps students apply to universities and colleges around the world. It provides personalized guidance to students, helping them make informed decisions about their higher education.

Edtech startup AdmitKard also offers a range of services such as application review, essay editing, and admission counseling. The company also provides a comprehensive search engine for universities and colleges, allowing users to compare schools based on their criteria. AdmitKard is committed to providing students with the best possible experience when applying for higher education abroad.

The Breakdown of AdmitKard’s Series A Funding Round and Impact on Edtech Sector

AdmitKard’s Series A funding round has been a major milestone for the Edtech sector. The round raised $12 million in total, with investors from India and abroad coming together to support the company’s mission of revolutionizing education.

This funding will have a significant impact on AdmitKard as well as the Edtech sector as a whole. It will allow AdmitKard to expand its operations and reach more students, while also helping other players in the industry to develop new technologies and products. With this injection of funds, the Edtech sector is set to become even more competitive and innovative in the near future.

Why AdmitKard is Poised to Dominate the India-based EdTech Market

AdmitKard is revolutionizing the EdTech market in India with its innovative use of technology and data-driven approach. The company has developed a platform that offers personalized guidance to students, helping them make informed decisions about their education. AdmitKard’s suite of services includes admissions counseling, application tracking, and college recommendations. With its comprehensive offerings and user-friendly interface, AdmitKard is well-positioned to dominate the India-based EdTech market.

What Business Models and Strategies are Being Used by AdmitKard to Expand their Offerings?

Edtech startup AdmitKard is an innovative platform that uses technology to streamline the college admissions process. To ensure their continued success, AdmitKard has developed a number of business models and strategies to expand their offerings.

By leveraging existing partnerships, utilizing data-driven insights, and creating new products and services, AdmitKard is able to stay ahead of the competition and provide a comprehensive suite of solutions for its users. In this article, we will explore how AdmitKard is using business models and strategies to grow its business.

Key Points

• The company intends to make use of the money to grow its workforce, make investments in cutting-edge technology and new product lines, and maintain its global expansion.
• AdmitKard, a startup in the education technology industry, secured a Rs 50 crore Series A fundraising round from GSV Ventures and other investors.
• AdmitKard said in a statement that it is now well-positioned with this fresh capital to maintain its rapid expansion and solidify its position as a major player in the edtech industry.
• The company stated that it will use the funding to hasten its growth and further diversify its product line. It also has ambitions to increase its workforce, make investments in cutting-edge technology and new product lines, and keep growing its position in important global markets.
• AdmitKard uses cutting-edge technology and data science to offer individualised counselling to students, assisting them in selecting the university, programme, and nation that will best help them reach their professional objectives.
• It claims to have facilitated entry to more than 3,000 universities in more than 20 countries and assisted thousands of students with their admissions processes.
• Rachit Agrawal, co-founder of AdmitKard, stated, “Our objective is to empower students to make wise career decisions and use education efficiently to attain their goals.
• A layer of intelligent matchmaking has been developed by the company on top of the millions of data points that have been acquired over the years and are updated periodically.
• AdmitKard has fostered a very close-knit community of Mentors (current foreign students) who help these kids and their parents by sharing their experiences because data alone is insufficient to provide certainty and confidence in such a crucial life decision.
• As we continue to develop and scale AdmitKard, we are overjoyed to have GSV Ventures on board. According to Piyush Bhartiya, co-founder of AdmitKard, “this money will enable us to accelerate our growth and invest in our technology and product offerings, allowing us to better serve our students and partners.”
• “Education is crucial as the world grows more interconnected and global, and AdmitKard is leading the way in assisting students in navigating this challenging environment.
• Deborah Quazzo, managing partner of GSV Ventures, stated, “We are thrilled to support AdmitKard in their quest to make education more accessible and aid students in realising their aspirations.

Mr. Piyush Goyal, the Minister of Commerce and Industry and Railways in India, has set a goal to increase India’s exports of goods and services to $1 trillion by 2030. To achieve this ambitious target, he has outlined a comprehensive plan that includes the promotion of export-oriented industries, implementation of trade facilitation measures, and development of an efficient logistics infrastructure. This article will discuss how Mr. Goyal plans to increase India’s exports to $1 trillion by 2030 through these strategies and initiatives.

What is the Vision Behind Mr. Piyush Goyal’s Plan for India’s Exports

Mr. Piyush Goyal, the Indian Minister for Commerce and Industry, has laid down an ambitious plan to make India a global leader in exports. His vision is to create a vibrant and competitive export-oriented economy that can generate employment opportunities, increase India’s foreign exchange reserves and drive economic growth.

His plan focuses on improving the ease of doing business, streamlining government procedures and regulations, promoting innovation and technology-driven solutions, and creating an enabling environment for businesses to succeed in the international market. This article will explore Mr. Goyal’s vision for India’s exports as well as its potential implications for the country’s economic development.

What are the Strategies & Tactics Needed to Reach the $1 Trillion Export Mark

Reaching the $1 trillion export mark is a major milestone for any country, and it requires careful strategic planning. To achieve this goal, countries must develop strategies and tactics that are tailored to their unique needs and objectives. This includes focusing on export diversification, identifying new markets, creating competitive advantages in existing markets, and leveraging technology to increase efficiency.

Additionally, countries must establish effective communication channels with stakeholders to ensure that their strategies are well-understood and implemented effectively. With these strategies in place, countries can work towards reaching the $1 trillion export mark.

Why India Needs to Focus on Quality & Efficiency in Exports

India has been focusing on increasing the quantity of exports in recent years, but the quality and efficiency of these exports have been largely neglected. This is a major concern for India as it can lead to a decrease in competitiveness and profitability in the global market.

Quality and efficiency should be given more importance by Indian exporters if they want to remain competitive in the global market. In this article, we will discuss why India needs to focus on quality and efficiency in its exports and how it can do so.

How Technology Can Help Achieve the Target of $1 Trillion Exports by 2030

Technology has the potential to play a major role in achieving the target of $1 trillion exports by 2030. Technology can help businesses become more efficient, reduce costs, and increase their productivity. It can also help businesses reach new markets and expand their customer base.

Additionally, technology can enable companies to create innovative products and services that can be exported to other countries. By leveraging technology, businesses can make use of digital tools such as e-commerce platforms, automated marketing solutions, and data analytics to drive growth in exports.

Key Points

• According to Commerce and Industry Minister Piyush Goyal, India’s exports of both products and services are predicted to reach over $1 trillion apiece by 2030.
• In 2021–22, the nation’s exports of goods and services reached record highs of $422 billion and $254 billion, respectively.
• “My personal projections tend to indicate that we will reach convergence (for exports of goods and services) by 2030, or seven years from now, at around $1 trillion of products and $1 trillion of services” (exports).
• At a New Delhi event, Goyal stated, “That is the direction I can envisage, which will mean merchandise doing 8-9.5% and services doing anywhere between 16-17%.
• The IT-driven services sector has created possibilities not only in terms of jobs and valuing talent, but also by offering India a chance to demonstrate the world its strengths, he continued.
• Additionally, he stated that due to India’s startup ecosystem, every nation wants to invest there.
• According to the ministry, “the world wants to engage with our Startups because of their ethics and openness.”
• The value of commodities exported from April through January of current fiscal year increased by 8.5% to $369.25 billion, and the value of services exported is anticipated to reach $272 billion.

The Angel Tax, which was introduced in the Union Budget of 2012, has been a major cause of concern for startups. The recently issued clarifications by the Department for Promotion of Industry and Internal Trade (DPIIT) Secretary have brought much needed relief to the startup community. In this article, let’s take a closer look at how these clarifications have resolved many of the startups’ fears about the Angel Tax.

What is the Angel Tax and Why Has it Been a Burden for Startups

The Angel Tax is a tax levied on the funds raised by startups from angel investors, venture capitalists and other external sources. It has been a major challenge for startups in India as it increases the cost of raising funds and discourages investors from investing in their businesses.

This article will explore the concept of Angel Tax and discuss why it has been a burden for startups in India. We will also look at some potential solutions to this issue and how they can help alleviate this burden.

How Has the DPIIT Secretary’s Clarifications Alleviated Stress for Indian Startups

The DPIIT Secretary’s recent clarifications on the definition of startups have been a great relief for Indian startups. The new definition has removed the ambiguity surrounding the criteria to qualify as a startup, and this has resulted in greater certainty for entrepreneurs and investors.

This clarification has also provided clarity on the various tax exemptions that are available to startups, helping them save costs and focus more on their core business activities. With these clarifications, Indian startups can now focus on innovating and scaling up their businesses without worrying about compliance issues.

Explanation of “Significant Economic Presence” & Its Impact on Startups

The concept of “Significant Economic Presence” (SEP) has been gaining traction in recent years in the business world. It is an important concept for startups to understand, as it can have a major impact on their operations. SEP refers to the presence of a company in a jurisdiction where it carries out economic activities, even if it does not have a physical presence there. This means that companies may be liable for taxes and other regulations even if they do not have any physical presence in that jurisdiction.

This has implications for startups, who may find themselves subject to taxation or other regulations without having any physical presence in that jurisdiction. It is therefore important for startups to understand the concept of SEP and its implications, so they can plan accordingly and prepare for any potential liabilities associated with it.

What are the Key Highlights of the Finance Bill’s Provisions with Respect to Angel Tax?

The Finance Bill of 2021 has brought in a number of changes with respect to the Angel Tax. This article will discuss the key highlights of these provisions, which include increased exemptions for startups, reduced compliance burden and more. It will also provide an overview of how these changes are likely to impact angel investors and startups.

The Finance Bill of 2021 has brought in some major changes with respect to the Angel Tax. This article will discuss the key highlights of the bill’s provisions with respect to Angel Tax and its implications for startups. It will also provide an overview of how startups can benefit from these new provisions and what measures can be taken to ensure compliance.

Key Points

• According to Anurag Jain, the department’s secretary, startups that are registered with the Department for Promotion of Industry and Internal Trade are not covered.
• According to a senior government official, the Finance Bill’s “angel tax” provision will not have an effect on startups in India.
• Anurag Jain, the department’s secretary, stated at the IVCA Conclave that startups that are registered with the Department for Promotion of Industry and Internal Trade do not fall within the department’s jurisdiction.
• “Let me be extremely clear about one thing. Startups are little impacted by it, “During an event hosted by a lobbying organisation for the venture capital business, he addressed the attendees.
• According to him, there is a “clear provision” that excludes companies that have been approved by DPIIT from the scope of the plan. He also said that the procedure for startup approval is fairly straightforward and that any applicant will be approved immediately.
• The proposed regulatory changes in the Finance Bill through the modifications to Section 56(2) VII B of the Income Tax Act alarmed startups. It is also suggested to extend taxation to overseas investors, meaning that a company receiving funding from a foreign investor will also be required to pay income tax if the amount received exceeds the face value of the shares.
• Jain claimed that other concerns expressed by the venture investing industry have been presented to the Department of Revenue for examination without elaborating.
• He remarked that we must consider how to increase the flow of domestic money into start-ups and modern businesses.
• This has already changed, allowing long-term pension and insurance funds to invest in alternative investment funds, among other things.
• According to him, India would be a developed nation by 2047, and a conservative estimate has its economy at $30 trillion, making it the second largest in the world.
• Entrepreneurial firms, he added, offer the best solutions for all three. “Knowledge, sustainability, and innovation will drive growth,” he said.
• According to Jain, the financing for Indian startups fell in 2022 as a result of unfavourable geopolitical developments and macroeconomic challenges, while he emphasised that India is still in a relatively stronger position than other nations.

NxtWave, an edtech business, recently announced a $33 million Series A financing from Greater Pacific Capital. This investment is a testament to the success of NxtWave’s innovative technology platform, which has enabled them to provide students with an interactive and personalized learning experience.

The Series A funding will help NxtWave further develop its technology and expand its reach in the edtech market. With the additional capital, they will be able to create new products and services that improve student outcomes and enhance their educational experience. The company also plans to use the funds to hire more staff and build out their customer support team.

This investment demonstrates the potential of NxtWave’s edtech business as well as the growing demand for innovative solutions in education. It is clear that Greater Pacific Capital recognizes the value of investing in this sector, which could lead to even more opportunities for NxtWave in the future.

The Growing Demand for Edtech and NxtWave’s Innovative Solutions

With the growing demand for Edtech, NxtWave has emerged as a leader in providing innovative solutions to the education sector. Their solutions are designed to meet the ever-evolving needs of students, teachers and institutions. They provide an array of services such as personalized learning experiences, interactive content creation, and analytics-driven insights.

NxtWave’s innovative solutions are helping to bridge the gap between traditional and digital learning methods. Their cutting-edge technology is helping to empower educators with tools that can be used to create engaging content for their students. Additionally, they are leveraging data analytics to gain valuable insights into student performance and behavior.

This demand for Edtech is only going to increase in the future as more institutions look towards digital solutions for their educational needs. NxtWave’s innovative solutions are well-positioned to meet this demand and revolutionize the way we learn in years to come.

NxtWave’s Journey to Earning $33 million in Series A Financing

NxtWave is a technology company that has experienced tremendous success in earning $33 million in Series A financing. This remarkable achievement is a testament to the hard work and dedication of the NxtWave team, who have been focused on developing innovative solutions to help customers succeed in their business endeavors.

In this article, we will explore NxtWave’s journey to earning $33 million in Series A financing and how they were able to achieve such a feat. We will look at the strategies they employed, the challenges they faced along the way, and the lessons they learned throughout their journey. Finally, we will discuss how other companies can replicate this success by taking cues from NxtWave’s example.

What are the Benefits of Investing in an EdTech Company?

Investing in an EdTech company can be a great way to diversify your portfolio and gain exposure to a rapidly growing sector. EdTech companies are leveraging the latest technology and innovative approaches to provide better educational experiences, making them attractive investments for those looking to capitalize on the potential of this industry. In this article, we will explore the benefits of investing in an EdTech company, including access to new technologies, improved learning outcomes, and increased opportunities for growth.

Key Points

• By spending on products and content, NxtWave intends to significantly improve the learning experience.
• Upskilling platform NxtWave, based in Hyderabad, has raised $33 million in a Series A round headed by global private equity company Greater Pacific Capital (GPC)
• . Orios Venture Partners, an existing investor in NxtWave, also took part in the most recent investment round.
• The company has now raised $35.8 million in total capital through its second round of fundraising. The edtech business had raised $2.8 million earlier in December 2021 in its pre-Series A fundraising, which was spearheaded by Orios Venture Partners and Better Capital.
• NxtWave stated that it intends to use the funds to improve its product and content in order to increase the learning experience of consumers. Additionally, it will onboard 10,000+ businesses to hire its students and meet the sector’s needs for qualified people. In the upcoming years, it also intends to grow to several regions of the nation through acquisitions.
• Sashank Reddy Gujjula, Anupam Pedarla, and Rahul Attuluri, alumni of IIT Bombay, IIT Kharagpur, and IIIT Hyderabad, founded NxtWave, a platform for online employability for new-age technology careers.
• “Upskilling our kids is the first step towards transforming India into a technological powerhouse. Together, we’ll provide India’s youth with high-quality, employability-focused education and adequately prepare them for the occupations of the future “NxtWave’s co-founder and CEO, Rahul Attuluri, stated.
• “The Indian government has established a very welcoming atmosphere for skill-based learning via NEP 2020. India owns this decade, he continued.
• According to the startup, thousands of students from NxtWave have been hired over the past two years by more than 1,250 businesses, ranging from Fortune 500 powerhouses to rapidly expanding startups.
• Nandan Desai, MD and Co-Head of India for GPC, will join NxtWave’s Board as part of the deal.
• “NxtWave is utilising technology to close this gap, which is the key to unleashing India’s economic potential and giving its young quality work opportunities.
• Ketan Patel, the founder and CEO of GPC, remarked, “We are thrilled to collaborate with NxtWave to rapidly develop its platform and give access to high-quality education and training for India’s young for this exciting global growth area.
• In this transaction, Avendus Capital served as NxtWave’s sole financial advisor. For NxtWave and GPC, respectively, Shardul Amarchand Mangaldas & Co. and Cyril Amarchand Mangaldas served as legal counsel.

Elixia Inc. recently announced a partnership with Flipkart, India’s largest e-commerce platform. This partnership could help the company raise money and expand its reach to millions of potential customers.

The partnership with Flipkart will give Elixia Inc. access to a vast customer base and enable it to increase sales and profits by leveraging the platform’s existing infrastructure. Additionally, they can use the opportunity to introduce new products and services that are tailored for the Indian market, allowing them to capitalize on the growing demand for personalized solutions in this region.

By partnering with Flipkart, they. can also benefit from its vast network of vendors and suppliers as well as its efficient logistics system which could help them reduce costs associated with shipping products across India quickly and efficiently. Furthermore, they will be able to take advantage of Flipkart’s advanced analytics capabilities which can provide valuable insights into customer behaviour that can be used

Elixia Inc. and Flipkart, an Unbeatable Partnership

Elixia Inc. and Flipkart have formed an unbeatable partnership that is set to revolutionize the e-commerce industry. By leveraging Elixia’s advanced AI technology, Flipkart will be able to deliver a seamless shopping experience to its customers.

This partnership will enable Flipkart to provide personalized recommendations and targeted advertisements, as well as automated customer service and product curation. With this collaboration, both companies can benefit from each other’s expertise in order to create a truly unique e-commerce experience for their customers.

The Benefits of Using Flipkart to Raise Funds for Elixia Inc.

Flipkart is a leading e-commerce platform that has been helping businesses of all sizes to raise funds for their activities. Elixia Inc, a digital marketing agency, can benefit from using Flipkart to raise funds for its operations.

This article will discuss the advantages of using Flipkart as a fundraising platform for Elixia Inc. It will also explain how Elixia Inc can leverage the features and services offered by Flipkart to raise funds more effectively and efficiently. Additionally, the article will provide insights into how Elixia Inc can use Flipkart to reach out to potential investors and donors.

Exploring the Different Ways Elixia Inc. Can Utilize its New Partnership to Generate Capital

Elixia Inc. is in a unique position to capitalize on its new partnership and generate capital through various means. This article will explore the different ways Elixia Inc. can use this partnership to increase its revenue and create wealth for shareholders.

It will look into the potential use cases of the partnership, such as leveraging the resources of both companies, providing access to new markets, and creating innovative products for customers. Additionally, it will discuss how Elixia Inc. can make use of its existing assets to maximize profits from this venture. Finally, it will provide an overview of how Elixia Inc.’s management team can ensure that their goals are met with this new partnership in place.

How Working with Flipkart Could Help Elixia Inc. Reach its Goals

Working with Flipkart could be the perfect opportunity for Elixia Inc. to reach its goals and expand its customer base. By leveraging Flipkart’s vast network of customers and suppliers, Elixia Inc. can get access to a large number of potential customers and increase their sales. Moreover, Flipkart’s advanced technology and infrastructure can help Elixia Inc. streamline their operations, making them more efficient and cost-effective.

Additionally, Flipkart’s expertise in marketing and advertising can help Elixia Inc. create effective campaigns that will help them reach out to more customers in a shorter amount of time. All these benefits make working with Flipkart an ideal choice for Elixia Inc., as it could help them achieve their goals quickly and effectively.

What Challenges Might Arise With This New Partnership & How Can They Be Overcome?

The partnership between AI writers and copywriters brings with it both opportunities and challenges. On one hand, AI writing tools can help copywriters save time and increase efficiency by taking on mundane tasks such as research and content generation.

On the other hand, there are some potential pitfalls that need to be addressed in order for the partnership to be successful. In this article, we will explore some of the challenges that might arise from this new partnership and discuss how they can be overcome.

Key Features

• Elixia Inc., based in Mumbai, is in advanced negotiations to raise money. Its expansion into MENA, more specifically the UAE, Saudi Arabia, and Egypt, is one of its objectives.
• Elixia Inc., a logistics SaaS firm, and Flipkart have partnered to digitise the last-mile logistics operations of the e-commerce company.
• Maintaining freight masters, automated trip creation, track and trace, freight computation, and billing compliance are all part of the collaboration.
• Additionally, the SaaS startup is seeking funding to support its growth objectives.
• Elixia Inc. has been collaborating with Flipkart for more than six months and is a part of Flipkart Leap, its innovation startup acceleration programme. Elixia Inc. was chosen from a pool of vendors for one of the pilot projects to digitise its last-mile logistics process.
• According to Sanket Sheth, the founder of Elixia Inc., the e-commerce platform had a contract and had been used for all of its distribution hubs by December of last year.
• Partnering with the Flipkart Team enabled Elixia Inc. to concentrate on offering a superior platform that distinguishes it from the competition and generates the most advantages and value for last mile deliveries.
• We anticipate collaborating with the Flipkart team in a number of the indicated areas and generating ongoing benefits for the digitalization of their supply chain, the executive continued.
• The 2011-founded firm in Mumbai offers software solutions for supply chain management, logistics, and transportation across sectors. In September 2021, it completed a $1 million Pre-Series A investment round under the direction of RVCF (Rajasthan Venture Capital Fund).
• According to the founder, Elixia Inc. has 300 paying clients, 30 of whom have chosen to purchase the full Elixia Inc. suit. He continued, “Flipkart contributes in the top 30% of active customers to revenue.”
• According to him, the goal is for the Flipkart business to eventually reach the top 10% of revenue-generating clients.
• With customers like Sanofi, Licious, Centaur Pharmaceuticals, Pidilite, Shell Petroleum, United Phosphorus Ltd (UPL), Monginis Foods, Pharmeasy, Snowman, and Schneider Electric, Elixia Inc.’s forte prior to Flipkart was mid-mile delivery.
• The company reported revenue of Rs 7.53 crore for FY22, up 73% from Rs 4.5 crore in FY21. According to Sanketh, Elixia’s revenue increased by 2X this year compared to last. For mid-mile and last-mile deliveries, it generates income through a delivery-based business model.
• Elixia Inc. has begun to digitalize last-mile and direct-to-consumer deliveries with the achievement of this significant milestone.
• It asserts that this year, the Intelligent Delivery Orchestration Platform, its flagship product, generated an ARR of 90%. The founder concurred with Sheth’s prediction that their consumer base will increase by three times by 2024.
• Sheth claims that Elixia is actively seeking funding to promote its goals and enhance its products.
• According to the creator, about 35% of the funds raised will be invested in India. As a result, in the following two years, there would be 3,000 paying consumers as opposed to the current 300.
• In order to expand in the US, the company also plans to invest 35% of the new capital there. Despite the fact that some of its customers utilise the product locally, the business will concentrate on entering the market and will also make investments in sales and marketing for the US region.
• the MENA region, particularly the UAE, Saudi Arabia, and Egypt, would be expanded with the remaining 30% invested.
• “We’ve already begun bringing in customers. the other being Transworld. As our sales funnel gets stronger in the area, there are also a lot of people in the pipeline that are about to convert, according to Sheth.
• It wants to invest in developing AI or big data analytics, which extract insight from the data gathered in the platform, in order to expand its product offering.
• Elixia Inc. reports that 3.1 million deliveries have taken place on its platform in the previous nine to ten months. Sheth stated that it has become essential for them to invest in more value creation in order to bring in additional insights.
• In addition, Sheth stated that the company also intends to expand its maritime freight services, which will coincide with the fundraising.
• Due to the need for drone extensions in the US region, it has plans to add air, rail, and drone options to the product in the future.

The MENA region has seen a surge in the number of unicorns and soonicorns over the past few years. With more capital being poured into the region, it is well-positioned to become an investing hotspot by 2030. This is due to a combination of factors such as an increase in venture capital investments, a growing startup ecosystem, and access to new markets. In this article, we will explore how the MENA Region is poised to become an investing hotspot by 2030 and what this could mean for businesses in the region.

What Are Unicorns and Soonicorns and Why Is the MENA Region Becoming an Investing Hotspot

The MENA region has become a lucrative investment destination for venture capitalists and investors due to the growing number of unicorns and soonicorns. Unicorns are startups that are valued at over $1 billion, while soonicorns are companies that have the potential to reach unicorn status in the near future. This article will explore why MENA is becoming an attractive investment opportunity, as well as the opportunities and challenges associated with investing in unicorns and soonicorns in this region.

Understanding the Growth of Middle Eastern Startups

The Middle Eastern startup ecosystem is growing rapidly, with a surge of new startups and investments in the region. This growth is driven by the increasing availability of venture capital and government support for entrepreneurs. In addition, the region has seen an influx of tech talent from other countries, allowing startups to tap into a larger pool of resources. This article will explore the current state of Middle Eastern startups, their growth opportunities, and how they can leverage these opportunities to achieve success.

Investment Opportunities in MENA Region’s Emerging Markets

The Middle East and North Africa (MENA) region is a burgeoning market with many investment opportunities. With its growing population, increasing wealth, and expanding economies, the MENA region presents an attractive opportunity for investors looking to diversify their portfolios. By investing in emerging markets in the MENA region, investors can capitalize on the growth potential of these countries and benefit from their robust economic fundamentals.

This article will explore the various investment opportunities available in the MENA region’s emerging markets, including stocks, bonds, real estate, private equity funds and venture capital funds. Furthermore, it will discuss potential risks associated with investing in these markets and how to mitigate them.

The Impact of COVID-19 on the MENA Startup Ecosystem

The COVID-19 pandemic has had a significant impact on the MENA startup ecosystem. This has been particularly true for startups in the region, as many have had to adjust their business models and strategies to cope with the economic downturn caused by the pandemic.

The pandemic has also led to an increased focus on digital transformation, which has created opportunities for startups in the region. In addition, venture capital investments have decreased due to decreased risk appetite among investors, leading to a decrease in available funding for startups.

Therefore, it is important that governments and other stakeholders take steps to support startups during this difficult time by providing access to capital and creating an enabling environment for innovation and entrepreneurship.

Key Points

• RedSeer Strategic Consultants predicts that by 2030, more than 300 unicorns and soonicorns will have appeared.
• The startup scene in the Middle East and North Africa (MENA) area is still in its infancy compared to other ecosystems. With little over 50 IPOs recorded in the MENA region, the market for regional initial public offerings still has a ways to go. During the course of five years, India has had more than 130 initial public offerings.
• Yet, the area appears set up for rapid growth. According to a report by RedSeer Strategic Consultants, the MENA region’s digital economy is predicted to reach slightly over $500 billion by 2030 and would be accompanied by the emergence of more than 300 unicorns and soonicorns. The short-term pipeline for IPOs will also be strengthened as a result, it was said.
• The reasons for the growth in the region’s economy are due to the increasing popularity of sectors like technology, education, and finance.
• The region will experience growth because of new regulations and government initiatives. This growth will come from businesses expanding into new areas, as well as from mergers and acquisitions.
• The IPO market is growing in popularity, as more companies seek to raise money from public markets. Investors are enthusiastic and confident about the region’s economic potential, and this helps to support the market.
• Different countries have different regulations governing IPO offerings, so it’s important to do your research before investing.
• Philip Bahoshy, CEO and Founder of MAGNiTT, thinks that more companies will go through acquisitions or expansions this year. This is because the IPO market is declining around the world, and many startups need to save money.
• This gives smaller companies, as well as well-funded companies, the chance to buy other companies that they think are promising.
• The region has a lot of companies that could go public in the next seven years, but the market is mostly dominated by Saudi Arabia and the UAE. Corporations in the region like Apparel Group, Landmark Group, Al Tayer Group of Companies, Mashreq, and Saudi Telecom Company (STC) are likely to go public in the near future.
• By 2030, more than 30 MENA companies will have digital assets that are ready for an initial public offering, predicts Akshay Jayaprakasan, Associate Partner at Redseer Middle East.
• According to Ganediwala, a variety of elements, including current market conditions, the regulatory environment, and special characteristics of the firm looking to go public, can greatly influence how quickly a company may reach the IPO stage.
• According to Akshay Jayaprakasan, Associate Partner at Redseer Middle East, “over 30 corporations in the MENA area have digital assets that will be ready for IPO by 2030.”
• According to Ganediwala, a variety of elements, including current market conditions, the regulatory environment, and special characteristics of the firm looking to go public, can greatly influence how quickly a company may reach the IPO stage.
• “Yet, despite these encouraging improvements, corporations may still encounter difficulties when attempting an IPO in the MENA region. These can include elements like political unpredictability, economic turbulence, and exchange rate fluctuations, which can make it challenging to effectively gauge the risks and value of a company’s shares, according to Ganediwala.
• Although though the region’s IPO market is smaller than other markets, it is nevertheless expanding and drawing interest from both investors and businesses. Among the most notable IT IPOs the area saw were Egypt’s Fawry in 2019 and Saudi Arabia’s Jahez in 2022.

The global pandemic has created unprecedented challenges for businesses and organizations. To stay competitive, companies must ensure that their employees are secure and well-trained for the future. Tata Consultancy Services (TCS) is taking a proactive approach to addressing these challenges by providing its employees with the necessary security measures and training them in the latest technologies.

With the help of TCS’s innovative solutions, they are able to keep their employees safe while also preparing them for future success. In this article, we will explore how TCS is keeping its employees secure and training them for the future in light of these unprecedented times.

What is TCS Doing to Support its Employees in the Face of Uncertainty

During these uncertain times, Tata Consultancy Services (TCS) is taking proactive steps to support its employees and ensure their safety and well-being. TCS has implemented a range of measures to protect its employees from the impact of the pandemic, including providing flexible working hours, enhancing employee engagement programs, and introducing virtual learning platforms.

In addition, TCS has also introduced various health and wellness initiatives to ensure the mental and physical well-being of its staff. This article will explore how TCS is supporting its employees in the face of uncertainty.

How TCS is Shifting Focus From Layoffs to Training its Employees to Enhance Skills

In a world of fast-paced technological advancement, it is important for companies to ensure that their employees are equipped with the right skills to stay relevant and competitive. Tata Consultancy Services (TCS) has recognized this and is taking steps to shift its focus from layoffs to training its employees in order to enhance their skills.

This move will help TCS retain its existing talent pool as well as attract more skilled professionals in the future. The company plans to provide training programs for its employees in areas such as artificial intelligence, blockchain, cloud computing, and other emerging technologies. Through these initiatives, TCS will be able to create an innovative workforce that can drive business growth and success.

The Benefits of Employee Training & Development Programs During a Crisis

Employee training and development programs can be invaluable during a crisis, providing employees with the necessary skills and knowledge to help them adapt to the changing business environment. Such programs can help employees stay motivated, increase their productivity, and improve their job satisfaction. They also provide an opportunity for employers to invest in the future of their organization by developing a skilled workforce that is prepared for any potential challenge. Furthermore, employee training and development programs can help organizations build resilience during times of crisis by enabling them to quickly adjust their strategy as needed.

Innovative Strategies for Employee Retention During Covid-19

The Covid-19 pandemic has had an unprecedented impact on businesses and employees alike. As a result, many companies have had to rethink their strategies for employee retention in order to ensure that they retain their best talent during these difficult times.

Innovative strategies such as flexible working arrangements, virtual team building activities, and increased communication are just some of the ways that companies can use to keep their employees engaged and motivated during this period. By taking proactive steps in these areas, businesses can ensure that they have the right people in place to help them navigate through this crisis.

Key Points

• According to a senior executive, the corporation is also looking to hire startup workers who were affected by the layoffs.
• Tata Consultancy Services (TCS), according to a senior official, is not considering any layoffs because it believes in developing talent for longer careers after an employee is hired.
• According to Milind Lakkad, the company’s chief human resources officer, it is also trying to attract startup employees who have lost their employment.
• The remarks have been made as IT companies, including major computer giants, throughout the world have been laying off employees for a variety of causes.
• In response to a specific query about layoffs or involuntary attrition, Lakkad stated, “We don’t do that (layoffs), we believe in cultivating talent in the organisation (there will be) no layoffs.”
• He claimed that TCS is “conservative” when making hires and that it is the employer’s duty to instill productivity and value in new hires. He emphasised that some businesses are compelled to take such actions as a result of overhiring.
• He claims that the business believes in providing training to its staff in the event that any gaps in the necessary skill sets are discovered.
• The business is primarily looking for talent in the fields of product, cloud, artificial intelligence, and user experience design. According to him, “We are certainly getting it from startups, folks who have actually done some outstanding work in those firms and have immediate career concerns.”
• In response to a query about whether the December quarter’s decrease of more than 2,000 employees in the total employment count was an exception, Lakkad declined to say if the March quarter will see an addition or a continuation of the decline.
• He noted that the company hired nearly 2 lakh individuals in the past year, including 1.19 lakh trainees who are currently working on billable projects, and that the reduction was due to a slowdown in new recruits.
• Regarding employee moonlighting, Lakkad stated that TCS is taking action against suspected offenders and is gathering data on the subject.
• Currently, roughly 40% of the workers work from offices three times per week, and 60% come in twice per week, according to Lakkad.
• “I anticipate that this number (of people working from offices) will rise. It will dramatically rise by Q1 (FY24). We will make a decision regarding the future by Q2 of FY24 “Said he.

In January 2023, PhonePe became India’s top UPI payment provider. This was a remarkable feat, considering that the company had only launched in 2016 and was competing against established players like Paytm and Google Pay.

In this article, we will analyze how PhonePe achieved this success by looking at its strategies and use cases. We will also discuss the impact of its innovative technologies such as AI-driven chatbot and voice recognition on its success. Finally, we will explore the potential implications of PhonePe’s success for other UPI payment providers in India.

Understanding the Rise of PhonePe & UPI Payments

The Unified Payments Interface (UPI) has revolutionized digital payments in India. UPI-based payment apps, such as PhonePe, have made it easier and more convenient for people to make payments without having to use cash or cards.

With the rise of UPI payments, PhonePe has become one of the most popular digital payment apps in India. It is easy to use and provides a secure platform for making transactions. In this article, we will explore how PhonePe and UPI payments have become so popular and how they are transforming the way we make payments.

Growth Strategies Adopted by PhonePe to Become Market Leader in January 2023

PhonePe, a leading digital payments platform in India, has seen tremendous growth since its launch in 2016. The company has adopted various strategies to become the market leader by January 2023. In this article, we will discuss some of the key strategies that have been adopted by PhonePe to achieve this goal.

We will also take a look at how these strategies have helped them reach their current position and what they plan to do next. Finally, we will explore the potential use cases of PhonePe’s growth strategies and how they can be used by other companies looking to achieve similar success.

Why is PhonePe the Most Popular UPI Payment Option Among Indian Consumers

PhonePe is the leading digital payments platform in India and has revolutionized the way Indian consumers make payments. It offers a secure, convenient, and fast way to transfer money using Unified Payments Interface (UPI).

PhonePe is popular among Indian consumers because of its ease of use, secure transactions, and wide range of features. It also provides a comprehensive suite of payment solutions, including bill payment, recharge services, food delivery, cab booking, and more. Furthermore, PhonePe offers attractive rewards and discounts to its customers that make it even more appealing.

How is the Indian Government Supporting Digital Payments & its Impact on Market Growth

The Indian Government has been supporting digital payments and its impact on the market growth is evident. In 2021, the government had set a target of reaching a size of US$1 trillion in digital payments by 2022. This target was achieved in 2020 itself, with the total market size reaching US$1.2 trillion.

The growth of digital payments in India has been driven by the government’s initiatives such as Digital India, UPI, Bharat QR Code, and Aadhar Enabled Payment System (AEPS). These initiatives have enabled an increase in the number of merchants accepting digital payments and have also encouraged more people to use digital payment methods for their daily transactions. This has resulted in an increase in market size and is expected to continue growing as more people adopt these methods.

Key Points

• With 1,190.89 Cr transactions worth INR 1.39 Lakh Cr, Paytm processed 14% of all transactions.
• CRED handled 0.4% of all transactions, but at 35.18 Cr, it accounted for over 1.5% of all transaction volume.
• Unified Payments Interface processed a record 803 Cr transactions totaling INR 12.98 Lakh Cr in January 2023.
• In the first month of 2023, PhonePe continues to dominate the Indian digital payments market by processing the majority of UPI transactions.
• The National Payments Corporation of India (NPCI) said that PhonePe executed 3,802.67 Cr UPI transactions in January 2023, which is more than 47% of the total number of transactions.
• With 2,782 Cr transactions worth INR 4.43 Lakh Cr processed during the month, Google Pay ranked second on the list.
• In January 2023, CRED handled 35.18 crore transactions totaling INR 19,106.82 crore.
• Although the fintech company handled only 0.4% of the total number of transactions, it was responsible for approximately 1.5% of the overall volume.

Devlavya Elearn, a platform that provides online courses and mentorships to students, recently received an investment of Rs 1 Crore from Zero To One Fund, an angel network. This investment is expected to help Devlavya Elearn expand its operations and reach more students.

The company was founded in 2017 by a group of IIT alumni who wanted to provide quality education at affordable prices. With the help of this investment, Devlavya Elearn will be able to provide more courses and mentorship programs for students from all over the world. The company also plans to use the funds for product development and marketing initiatives.

What is Zero To One Fund and What Does It Do

Zero To One Fund is a venture capital fund that focuses on investing in early-stage startups and helping them reach their full potential. The fund invests in companies that have the potential to become industry leaders, with a focus on sectors such as enterprise software, healthcare, fintech, and consumer products.

It works with entrepreneurs to develop their business models and strategies, provide mentorship and guidance, and connect them with networks of investors. Zero To One Fund aims to help startups go from zero to one – from launching a new product or service to scaling it up into a successful company.

What Led to Devlavya Elearn’s Successful Rs 1 Crore Investment from Zero To One Fund

Devlavya Elearn is a Delhi-based edtech startup that recently secured a Rs 1 crore investment from the Zero To One Fund. This investment has been instrumental in helping the company expand its reach and develop new products.

In this article, we will explore what led to Devlavya Elearn’s successful Rs 1 crore investment from Zero To One Fund. We will look at the various factors such as the team’s innovative approach to teaching, their use of technology and data-driven insights, their strong customer base, and their focus on user experience that helped them secure this investment.

The Benefits of Raising Capital Through Angel Investing Networks Like Zero To One Fund

Angel investing networks like Zero To One Fund provide an invaluable opportunity for entrepreneurs to raise capital and grow their business. Through such networks, entrepreneurs can access a wide range of investors who are willing to invest in promising startups.

Additionally, the network can provide valuable advice and guidance on the best strategies for raising capital and growing a successful business. By leveraging the expertise of experienced angel investors, entrepreneurs can take advantage of the many benefits that come with raising capital through angel investing networks like Zero To One Fund.

How Can Other Startups Benefit From Raising Capital Through Angel Investing Networks like Zero To One Fund

Raising capital is one of the most important steps for any startup to take in order to grow and scale their business. Angel investing networks like Zero To One Fund provide startups with access to a wide range of investors and resources, allowing them to raise capital quickly and efficiently.

By leveraging these networks, startups can benefit from the experience of angel investors who have seen success in the past and can help guide them on their journey. Additionally, these networks provide access to resources such as mentorship, networking events, industry insights, and more that can be invaluable for any startup looking to make an impact in their space.

Key Points

• For students, teachers, and school administration around the nation, excellence-focused schools will be established with the help of the fund.
• A skill education business called Devalaya Elearn has received Rs 1 crore in angel investment from the angel network Zero To One Fund.
• This investment supports the Zero To One Fund’s investment philosophy of breakthrough technology-based projects.
• According to Dheeraj Sharma, co-founder of Devalaya Elearn, the financing will enable the firm to expand operations across the nation and will be utilised to establish schools of excellence for students, instructors, and school administration across the nation.
• One million students will be enrolled in the startup’s programmes within its first year of operation.
• Devalaya will offer hybrid programmes like skill development, counselling, teacher preparation, support for digital platforms, and exam-focused guidance. To ensure coordination at the management level, it will also offer a School Leadership Program for school principals and directors.
• Praveen Kaushik, Director of Zero One Fund, asserts that capacity-building initiatives at the school level have the potential to usher in a revolution in early skill education.
• “We believe that the Devalaya eLearn Skill Enrichment Program will play a vital part in the successful implementation of NEP 2020 at a wide level,” he added. “While complying with the recommendations as per National Education Policy.”