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India, 2024: CoinSwitch, India’s largest crypto trading platform, announces crypto futures trading on its PRO platform. This new feature offers a versatile trading experience for selected users, allowing them to maximize their trading potential with leverage up to 25x. With CoinSwitch futures, users can trade in over 350 contracts including BTC, ETH, SOL, MATIC, XRP, and more.
CoinSwitch Futures enables users to take long (buy) or short (sell) positions on perpetual futures contracts and can also hedge their spot holdings. The platform is distinguished by its competitive commission rates, ensuring users benefit with the lowest fees in the market. Additionally, new users can avail 100% commission rebate for the first 15 days.
“The launch of CoinSwitch Futures aligns with our mission to provide a comprehensive suite of crypto investment and trading options to our users. By offering leveraged futures contracts, we aim to cater to the needs of sophisticated traders seeking to capitalize on price movements in the dynamic crypto market,” said Balaji Srihari, Business Head, CoinSwitch.
Users can seamlessly access futures trading through both mobile and desktop; to start they have to sign up or log in to their existing CoinSwitch PRO accounts.
Last month, the company also announced specialized crypto investment services tailored for High Net-Worth Individuals (HNIs) and institutional investors; with an aim to provide secure and customized solutions to users. The platform has over two crore registered users and has raised $260 million in Series C funding from Coinbase Ventures and Andreessen Horowitz (a16z) in September 2021 to become India’s most-valued crypto Unicorn at a valuation of $1.9 billion.
Coinswitch Announces Crypto Futures With 350+ Contracts
27th September 2024, India
From 27th September 2024, Rolls-Royce Motor Cars Cullinan Series II debuts in India.
“The debut of Cullinan Series II in India represents a significant milestone for Rolls-Royce in the Asia Pacific region. Since its original launch in 2018, this remarkable motor car has attracted a younger and more diverse group of clients, and today Cullinan is the most requested Rolls-Royce in the marque’s portfolio. Cullinan Series II integrates new technologies, new materials, meticulously considered design updates and innovative opportunities for self-expression through Bespoke.” Irene Nikkein, Regional Director Asia-Pacific, Rolls-Royce Motor Cars
The original Cullinan, launched in 2018, was the world’s first super-luxury SUV, fulfilling a unique and exacting brief. From a performance and engineering standpoint, it had to have genuine off-road capabilities equal to the most demanding and hostile environments on Earth. At the same time, it had to deliver the marque’s peerless comfort and signature ‘magic carpet ride’, regardless of the terrain. It had to be nothing less than the definitive super-luxury SUV —rugged yet refined, unstoppable yet serene: effortless, everywhere. Its success exceeded Rolls-Royce’s most ambitious expectations around the world, and today Cullinan is the most requested Rolls-Royce in the marque’s portfolio.
Given the motor car’s extraordinary success, and incredibly positive reception from clients in every region of the world, shaping a new expression of the ‘Rolls-Royce of SUVs’ was undertaken with meticulous care. The marque’s designers, engineers and craftspeople drew on half a decade of detailed client feedback, the brand’s own intelligence gathering — including our Private Offices around the world — and a raft of new technologies to advance Cullinan. In its new guise, which represents the most extensive Series II development in Rolls-Royce history, it responds to changing codes of luxury and evolving usage patterns while remaining true to the essential qualities that underpin Cullinan’s unprecedented popularity.
Clients can commission Cullinan Series II and Black Badge Cullinan Series II at Rolls-Royce Motor Cars Chennai and Rolls-Royce Motor Cars New Delhi. Pricing for Cullinan Series II in India starts from Rs. 10,50,00,000. Pricing for Black Badge Cullinan Series II starts from Rs. 12,25,00,000. First local client deliveries will commence from Q4 2024.
Rolls-Royce pricing is dependent on client specification. Each Rolls-Royce is Bespoke.
COMMANDING THE URBAN SPACE
Since the first client deliveries, Cullinan fulfilled its purpose as a supremely accomplished off-road motor car, capable of taking its owner into locations never previously explored in a Rolls-Royce. However, versatility and the effortless everywhere essence of the model also made Cullinan a ‘daily driver’ for many owners; indeed, numerous clients have told Rolls-Royce that no other SUV offers the same effortless performance as Cullinan’s 6.75-litre V12 engine, from what is often a substantial and diverse collection. These were all significant considerations in conceiving Cullinan Series II.
It was noted by the marque’s intelligence specialists that an increasing number of Rolls-Royce clients were concentrated in urban areas – from great world metropolises to fast-growth cities in emerging regions. To that end, Cullinan increasingly serves as a super-luxury product in which clients wish to be seen and project their character – albeit with the capacity to vanish into nature at will. Specialists also observed a shift towards owners driving their motor cars themselves. When Cullinan was first launched, less than 70% were self-driven: today, almost every Cullinan is driven by its owner, with less than 10% of clients retaining the services of a chauffeur. Together with the rejuvenation of the brand and the ever-increasing Bespoke offering, Cullinan contributed to a fall in the average age of Rolls-Royce clients from 56 in 2010 to just 43 today.
An increasingly urban focus, a youthful cadre of clients and a decisive shift towards self-driving informs the surface treatment and detail of Cullinan Series II’s exterior. A key theme is verticality, which echoes illuminated skyscrapers in the megacities where Cullinan is increasingly at home. This is most apparent in the new lamp treatment, where tall daytime running light graphics ensure Cullinan Series II is easily identified, day and night.
Reflecting many clients’ desires for bolder forms of self-expression, innovative decoration and detail have been added throughout the interior of Cullinan Series II. The most substantive change to the motor car’s geometry is the pillar-to-pillar glass-panel fascia in the upper portion of the dashboard – an elegant and versatile design element that stages both digital and physical craftsmanship.
Connectivity has been refined throughout the motor car, especially for those in the rear of Cullinan Series II. Clients are able to connect up to two streaming devices to the rear screens, which now incorporate a Bespoke interface for streaming car management and seating functions such as massage, heating and cooling.
The installation of internet connectivity allows clients to enjoy a Wi-Fi hot spot connection and independent streaming for each screen. For the first time in Cullinan, Bluetooth headphones of any type can be paired with the rear seat infotainment system, or clients can enjoy the marque’s exceptional 18-speaker Bespoke Audio system, which benefits from the latest generation 18-channel 1400-watt amplifier. Cullinan Series II retains the brand’s celebrated speaker architecture wherein cavities within the motor car’s aluminium sill sections are used as resonance chambers for low frequency speakers, effectively transforming the entire motor car into a subwoofer.
Directly in front of the passenger is an Illuminated Fascia panel — a remarkable expression of modern craft that debuted with Ghost before appearing in Spectre and now, for the first time, is available within the Cullinan family. In this guise, it features an illuminated Cullinan wordmark and a unique Cityscape graphic inspired by the skyscrapers of the world’s megacities at night. This is created using a specially-developed technique whereby 7,000 dots are laser-etched onto the rear of the darkened and toughened security glass, each at minutely differing angles and dimensions to create the perception of depth. In addition to this prêt-à-porter design, clients are also able to create their own Illuminated Fascia motif in collaboration with the marque’s Bespoke designers.
Incorporating the Spirit of Ecstasy into the interior of the motor car was the product of four years of development, and a unique partnership between analogue and digital craftspeople to create a dramatic and meticulously orchestrated flow of light. This sequence begins with the illumination of the driver’s display upon entering the motor car, followed by the Central Information Display, then the Illuminated Fascia, where light sweeps inwards towards the vitrine, lighting the timepiece. The Spirit of Ecstasy is illuminated from below initially, reminiscent of a spotlight on a debut performance, before her stage lighting settles to a soft glow.
CULLINAN SERIES II: A LEGACY FURTHERED
Cullinan built a new legacy for Rolls-Royce Motor Cars, shaped in collaboration with a bold and uncompromising generation of super-luxury consumers. Cullinan Series II evolves and builds on this motor car’s place in the brand, proving once more that the future of this marque will be shaped in partnership with its clients and characterised by exquisite contemporary crafts.
You can find all our press releases and press kits, as well as a wide selection of high resolution, downloadable photographs and video footage at our media website, PressClub.
You can also follow the marque on social media: LinkedIn; YouTube; X (Twitter); Instagram; and Facebook.
Rolls-Royce Motor Cars is a true luxury house, creating the world’s most recognised, revered and desirable handcrafted Bespoke products for its international clientele.
There are over 2,500 people working at the Home of Rolls-Royce at Goodwood, West Sussex. This comprises both its global headquarters and Centre of Luxury Manufacturing Excellence – the only place in the world where Rolls-Royce motor cars are designed, engineered and meticulously built by hand. An independent study by the London School of Economics & Political Science confirmed that since the company began production at Goodwood in 2003, it has contributed more than £4 billion to the UK economy and adds more than £500 million in economic value every year.
Rolls-Royce Motor Cars is a wholly owned subsidiary of the BMW Group and is a completely separate, unrelated company from Rolls-Royce plc, the manufacturer of aircraft engines and propulsion systems.
ROLLS-ROYCE DEBUTS CULLINAN SERIES II IN INDIA
~Launches inspiring campaign ‘Bade Kaam Ka Khel’ that resonates with audiences across India’s heartland~
India, September 26th, 2024: BigCash, one of India’s fastest-growing real money gaming platforms, proudly announces its collaboration with acclaimed Bollywood actor Mr. Nawazuddin Siddiqui as its new celebrity brand endorser. Known for his authentic persona and relentless drive, Siddiqui embodies the spirit of BigCash’s latest campaign, ‘Bade Kaam Ka Khel.’
The ‘Bade Kaam Ka Khel’ campaign, currently live across TV, radio, social media, and digital platforms nationwide, taps into the aspirations of everyday Indians. With Mr. Nawazuddin Siddiqui leading the way, the campaign is about more than just playing games—it’s about using strategy, sharpening skills, and seizing opportunities to win in a safe and secure gaming environment.
Commenting on this significant partnership, Ankur Singh, CEO of BigCash, said, “Mr. Nawazuddin Siddiqui’s journey from humble beginnings to becoming a national icon is a story that resonates deeply with the millions of players on our platform. His authenticity and relatability, especially with audiences from India’s heartland, make him the perfect ambassador for BigCash. We’re excited to have him represent our brand as we continue to grow and deliver an unparalleled gaming experience.”
Through this nationwide campaign, BigCash aims to connect with millions of gamers across the country, particularly in emerging regions, reinforcing its position as the go-to platform for skill-based real money gaming.
The campaign features a powerful narrative, with Mr. Nawazuddin delivering the message “Zindagi me kuch bada karne ke liye bus khoon paseena ek nahi karna padta hai… but on BigCash, playing skill-based games is one of the best ways to achieve something big.” This messaging reflects the hard work, strategy, and dedication that BigCash players bring to their gaming experience. The collaboration captures the essence of individuals who, like Mr. Nawaz, come from modest beginnings but possess a fierce determination to succeed. The campaign’s centrepiece, including the TV commercials and media strategy, was conceptualized and executed by Green Giraffe Media Agency.
Celebrated for his compelling performances in Indian cinema, Mr. Nawazuddin Siddiqui brings authenticity, grit, and versatility—qualities that align perfectly with BigCash’s brand ethos. Expressing his excitement about the partnership, he said, “BigCash represents a new era in gaming—one that combines skill, strategy, and the thrill of competition. I’m excited to be part of this journey and connect with millions of gamers across the country who share my passion for winning.”
BigCash continues to lead the real money gaming space in India, offering popular games like poker, rummy, ludo, and fantasy cricket, while ensuring secure transactions, user safety, and fair play. With over 5 crore players and counting, the platform’s partnership with Nawazuddin Siddiqui marks a new chapter and underscores the app’s commitment to providing an engaging, high-quality gaming experience that appeals to both casual players and gaming enthusiasts alike.
As India’s real money gaming market continues to thrive, BigCash’s collaboration with Mr. Nawazuddin Siddiqui is set to deepen its connection with players, particularly in India’s heartland, while reinforcing its commitment to delivering an unmatched experience built on trust, skill, and fair play.
About BigCash:
Established in 2017, BigCash is India’s fastest growing multi-gaming platform that offers 20+ exciting games in cards, casual and fantasy cricket segments. The company specializes in creating and introducing futuristic games in the real money gaming segment.
BigCash platform is already trusted 5 Cr+ users from all across India and is quickly gaining popularity in the international markets. With monthly active user base of 1.5 million. 5 Lac+ users are daily winning at BigCash platform, and making the most of their gaming skills.
For more information, visit https://www.bigcash.live/
Bigcash Welcomes Nawazuddin Siddiqui As Brand Ambassador, Unveils National Campaign ‘Bade Kaam Ka Khel’
Swiggy One and One Lite members now enjoy exclusive offers on Yatra, Cinepolis, Amazon Prime, Disney+ Hotstar and more this festive season
India, 25th September 2024: Swiggy, India’s pioneering on-demand convenience delivery platform, today announced the addition of “Privileges” to its Swiggy One and Swiggy One Lite membership programs. With millions of subscribers nationwide, Swiggy One is the country’s only membership program offering benefits across food, quick commerce, dining out and pick-up and drop services. By going beyond the app through strategic partnerships with Yatra, Cinepolis, Amazon Prime, Disney+ Hotstar, and more, Swiggy One enhances its offerings with exclusive privileges.
Extending Swiggy One privileges beyond the Swiggy app
Swiggy One Privileges brings exclusive offers and perks that extend beyond Swiggy’s multiple offerings, bringing users the best from Swiggy’s partners across travel, entertainment, OTT, shopping and beauty categories to elevate the Swiggy One member’s experience by focusing on every aspect of their lives.
In travel, Yatra offers exclusive value-added services such as free cancellation, free seat, or free meal selection on flights to Swiggy One members. In entertainment, Cinepolis offers an exclusive Flat 30% discount on movies and food & beverages on their website and app bookings. Additionally, members can also enjoy a flat 25% discount on food and beverages at the Cinepolis F&B counter.
Swiggy One members also have exclusive offers from popular OTT platforms such as INR 150 discount on Amazon Prime, 50% discount on the Disney+Hotstar 3M Super plan, and Buy 1 Get 1 month or Buy 12 Get 3 months offers on SonyLiv Premium plans.
Croma is offering an exclusive 7.5% discount on purchases of INR 30,000 and above at any of its stores. Hamleys is offering free entry to the play arena across their major outlets. On beauty and fashion, Swiggy One Privileges extend to brands like Ajio with a flat 20% off on select merchandise and Lakme with a complimentary waxing on facial service.
Commenting on the added Privileges to the Swiggy One membership program, Anurag P, VP of Growth at Swiggy said, “With millions of users across India, Swiggy One and Swiggy One Lite stand apart for the benefits they provide across fast-growing categories like food delivery, quick commerce, and dining out. We are now making Swiggy One bigger and better through Swiggy One Privileges which has offers spanning high-usage categories such as OTT, travel, fashion, beauty, and more. With these added privileges, Swiggy One will further enhance its standing as the most exciting and rewarding membership program in the country, bringing to life Swiggy’s mission of elevating the quality of life for urban consumers by offering unparalleled convenience.”
How to avail Swiggy One “Privileges”
Members are regularly notified of the latest privileges through homepage notifications, post-order updates, and the newly added ‘Privileges’ section within the Swiggy One and One Lite membership pages. Redeeming offers is simple: members can unlock unique codes via the ‘One Membership Privileges’ section and redeem them directly on partner apps to enjoy offers and benefits. This one- step process keeps members informed and engaged throughout their membership, with multiple touch points guiding them to avail these time-bound exclusive offers.
About Swiggy One and One Lite Membership
Swiggy One and One Lite memberships already provide core benefits such as free delivery and attractive offers on Swiggy Food, Swiggy Instamart, Swiggy Dineout, and Swiggy Genie. Now, with the addition of membership privileges, members can access third-party ephemeral offers like free trials, subscription discounts, and exclusive promotions that add further value to the Swiggy One membership.
lSwiggy One Introduces New “Privileges” With Partners Like Yatra, Cinepolis, Amazon Prime, Disney+ Hotstar, And More
India, 13th September – Druid Software, a global leader in private network solutions, has been setting its sights on India as a key growth market, aligning its expansion strategy with the rapid adoption of 5G technology in the region. With over 24 years of experience in the private network space, Druid is well-positioned to support India’s digital transformation, driven by Prime Minister Narendra Modi’s ambitious vision.
As part of its strategic focus, Druid Software is collaborating closely with Enterprise Ireland, the Irish Government’s agency responsible for promoting Irish businesses worldwide. This partnership underscores Druid’s commitment to the Indian market, leveraging Ireland’s robust support system to ensure seamless entry and sustained growth in one of the world’s fastest-growing digital economies.
Mr. Amit Raje, SVP, India and South Asia –Enterprise Ireland, said, “India is an increasingly key market for Irish companies, and we are proud to support Druid Software’s expansion here. With over 2 decades of experience, Druid has carved out a niche as a leader in private network solutions both locally and globally, and its innovative approach is perfectly aligned with the Irish Government’s broader ambitions of global expansion. With its sights set firmly on India, Druid is well-positioned to make a significant impact in the rapidly evolving digital landscape. At Enterprise Ireland, we are committed to helping companies like Druid Software scale and grow internationally, and we believe their expertise will play a vital role in meeting the growing demand for advanced solutions in India.”
Druid’s core network technology, Raemis™ platform, has already seen successful deployments with over 40 5G Radio Access Network (RAN) vendors worldwide. Unlike larger competitors, Druid’s agility and flexibility allow it to rapidly tailor solutions to meet specific market demands, making it a formidable player in the Indian 5G landscape.
During his recent visit to India, Tadhg Kenny, President of Global Strategic Accounts at Druid Software, stated, “India’s rapid adoption of 5G technology, driven by Prime Minister Narendra Modi’s push for digital transformation, presents a pivotal opportunity for Druid Software. As India moves towards 100% digitization the demand for high-speed, low-latency private networks is set to surge. Our proven solutions, backed by decades of proven expertise, are ideally suited to meet these evolving needs across diverse sectors.”
Key sectors identified for growth in India include railways, healthcare, ports, defense, BFSI, warehousing, and manufacturing. Druid’s approach centers on building strong local partnerships, such as its collaboration with Tidal Wave, to ensure its technology integrates seamlessly into India’s diverse and dynamic ecosystem.
“Our focus in India is not just about market entry—it’s about making a lasting impact by contributing to the development of the country’s 5G infrastructure. We aim to empower local partners and drive innovation that will shape the future of India’s digital economy.” Kenny added.
In addition to the Raemis™ core network platform, the Druid team has deep knowledge & expertise in private networks including fixed wireless access solution—an area of critical importance during the COVID-19 pandemic. With successful deployments in markets across North America, Europe, and Asia, Druid’s technology has proven to be scalable, reliable, and easy to integrate, making it a perfect fit for India’s growing needs.
As Druid Software continues its global expansion, the company is committed to delivering customized, business-critical solutions that align with India’s unique market demands. Through innovation and strong local partnerships, Druid is poised to become a key contributor to India’s digital transformation and the broader global 5G ecosystem.
Druid Software Eyes Indian Market As Key Growth Area For 5G Private Networks
Around 36% of the total users are first-time investors
India, September 11, 2024: PeepalCo’s investment app, Lemonn has acquired five lakh users in the first five months of the launch. Designed to simplify investing for first-time investors, Lemonn offers options to invest in mutual funds, direct stocks, IPOs, and trade in Futures and Options (F&O).
“At Lemonn, our goal is to make investing simple and accessible for everyone. Reaching five lakh users in just five months is a strong indicator that we’re on the right path. We’ve designed our platform to empower young individuals to take advantage of the investing opportunities and secure their financial future,” said Ashish Singhal, Co-founder, Lemonn.
“As we move forward, we’ll continue to enhance the user experience while staying committed to our mission: making financial opportunities equal for all,” he added.
The platform’s intuitive design and valuable features have strongly appealed to investors, with about 36% of total users being first-time investors. About 68% of these investors are from tier 2 and 3 cities and 65% of the users are between the age group of 18-25 years, showcasing the app’s effectiveness in catering to a diverse audience. Ahmedabad, Jaipur, Bardhaman, Nadia and Murshidabad are among the top 10 cities for the platform.
Commenting on the milestone, Devam Sardana, Business Head, Lemonn said “We are thrilled and deeply grateful for the warm reception Lemonn has received, especially as a late entrant in such a competitive market. A substantial portion of our user base consists of first-time investors, presenting us with the opportunity to build long-term relationships. The trust our users have placed in us motivates and drives us to consistently deliver exceptional service.”
Lemonn offers zero maintenance and account opening fees, with the additional benefit of zero brokerage for one month for new users.
Lemonn Has Acquired Over Five Lakh Users In The First Five Months Of Its Launch
With the Ganesh Aarti, Vivek Oberoi marks the inauguration of Solitario’s ‘Bling Better’ India Tour
India, 9th September: In a momentous event today, Bollywood actor and co-founder of Solitario Lab-Grown Diamonds, Vivek Oberoi, humbly presented a 66-carat tilak, complete with 68 lab-grown diamonds to Sri Dagadusheth Halwai Ganpati, the most revered Ganpati Mandal in Pune. This ceremonial offering, held during the Ganpati Aarti, commemorates the 133-year legacy of the Ganpati Mandal and marks the beginning of Solitario’s ‘Bling Better’ India Tour this September.
Vivek Oberoi, accompanied by Ricky Vasandani, CEO and Co-Founder of Solitario Lab-Grown Diamonds, sought Bappa’s blessings during the Aarti. Speaking on the occasion, Oberoi expressed his gratitude, saying, “We started with humble beginnings in Pune, and have now scaled to over 7 countries and 21 cities across the globe, which could not have been possible without Bappa’s grace. As Solitario continues on its path of growth, we seek Bappa’s blessings again to help us reach newer heights.”
Solitario Lab-Grown Diamonds which was one of the first jewellery brands from India to be featured on the Burj Khalifa in Dubai, has established itself as a leader in the eco-friendly, conflict-free diamond industry. With a strong presence across key Indian cities, including Pune, Goa, Mumbai, Lucknow, Chandigarh, Hyderabad, Bangalore, and Chennai, Solitario also boasts international stores in Spain, the Bahamas, Nigeria, Malaysia and Dubai.
As the Brand Ambassador and Co-Founder, Vivek Oberoi plays a pivotal role in the brand’s growth alongside Co-Founders Ricky Vasandani and Satish Daryanani. The ‘Bling Better’ tour will see Oberoi visiting Pune, Bangalore, Chennai, and Delhi, where he will oversee festive preparations, store efficiencies, and go-to-market strategies ahead of the upcoming season.
Speaking about the brand’s extensvie festive schedule, Ricky Vasandani added, “Solitario is committed to redefining how Indian customers experience diamonds. From our thoughtful designs and unmatched quality to our exceptional value offerings, we’ve crafted a unique identity that resonates with modern, eco-conscious consumers. Our lab-grown diamonds represent luxury that is both timeless and ethical, designed to be cherished for a lifetime. With Vivek visiting the stores during his tour, our zeal to continuously deliver unique offerings to our customers has been renewed.”
As part of the tour, Vivek Oberoi and Solitario will host a Diamond Party at Phoenix Marketcity, Bangalore, followed by a Diamonds and Denim Party at Phoenix Palladium in Chennai.
Vivek Oberoi’s 66-Carat Lab-Grown Diamond Offering Kicks Off Solitario’s BLING BETTER Tour
CoinSwitch, India’s largest crypto trading platform, announces the launch of its specialized crypto investment services tailored for High Net-Worth Individuals (HNIs) and institutional investors. This new offering will cater to the sophisticated needs of investors.
The new service is designed to provide HNIs and institutions with access to premium crypto investment opportunities, personalized advisory, and robust risk management solutions. Some of the key features include:
*Tailored Investment Strategies: CoinSwitch’s team of experts will work closely with users 24×7 to develop customized investment strategies that align with their financial goals, risk tolerance, and market outlook.
*Dedicated Account Management: Each user will have access to a dedicated account manager who will provide ongoing support, market insights, and timely updates to optimize the user’s investment portfolio.
*Professional Tax Filing Assistance: Users will be able to opt for professional tax filing services.
*Institutional-Grade Security: CoinSwitch ensures the highest levels of security with state-of-the-art encryption, secure custody solutions, following all the regulatory standards to ensure safety of user funds.
*Exclusive Market Access: Users will gain early access to new products and services.
Commenting on the announcement, Balaji Srihari, Business Head, CoinSwitch “Following the recent approval of BTC and ETH ETFs in the U.S., institutional interest in the global crypto space has surged, and we expect this momentum to extend to the Indian market. We’re already witnessing a growing demand for sophisticated investment solutions among HNIs and institutions. With the new offering, we aim to provide a secure, customized, and professional approach to crypto investing, equipping our users with the tools and insights they need to navigate this dynamic market confidently.”
CoinSwitch is reaffirming its commitment to innovation, security, and customer satisfaction by providing a dedicated service for HNIs and institutions.
For more information, please visit: https://coinswitch.co/crypto-investing-for-hnis-and-institutional-investors
Coinswitch Introduces Exclusive Crypto Investment Solution For HNIs And Institutional Investors
~Processed over six lakh transactions, onboarded more than 40,000 merchants, and operates in over 220 pin codes across 19 states
Mumbai, 28th, August 2024: Ayekart, an agri and food supply chain platform focused on empowering businesses and supporting communities with technology, embedded finance, and value-added services—particularly for FPOs and MSMEs—has announced its robust financial results for FY 2023-24. Since its inception in December 2020, the company has processed over six lakh transactions, onboarded more than 40,000 merchants, and operates in over 220 pin codes across 19 states.
The company’s audited financial performance approved by the board highlights its significant growth, as demonstrated by its strong financials. Gross margin increased substantially from Rs.19 Cr to Rs.45.10 Cr in FY23-24, marking a compound annual growth rate (CAGR) of 379% from Rs.3.13 Cr in FY 2021-22. In FY 2023-24, EBITDA surged to Rs.17.64 Cr, up from Rs.5.97 Cr in FY 2022-23 and Rs.1.02 Cr in FY 2021-22, indicating a CAGR of 415%. Profit Before Tax (PBT) rose from Rs.0.18 Cr in FY 2022-23 to Rs.1.49 Cr in FY 2023-24, while Profit After Tax (PAT) increased from Rs.0.08 Cr in FY 2022-23 to Rs.1.17 Cr in FY 2023-24. The Gross Transaction Value (GTV) for FY 2023-24 reached Rs.1,558 Cr, up from Rs.657 Cr in FY 2022-23.
In the past six months, Ayekart raised ~Rs.54 Cr in equity, including ~Rs.45 Cr in primary funding and ~Rs.9 Cr in secondary funding from venture capital, bolstering its expansion initiatives.
Debarshi Dutta, Co-Founder & CEO, stated, “Our remarkable growth reflects our strong commitment to leveraging technology and forming strategic partnerships that empower businesses across the food and agri value chain. At Ayekart, we provide comprehensive support in capacity-building for farmers and FPOs while creating both backward and forward linkages for manufacturers and processors to enhance market access and operational efficiency. Through our platform, we are focusing on building a robust distribution and retail network to reach the last mile. This integrated approach drives productivity, fosters sustainable growth, and significantly impacts lives and livelihoods.”
Ayekart Accelerates Growth, Records Strong Results For FY 2023-24
Accenture invests in ANSR to launch suite of GCC Services, join its board of directors
India; July 26th, 2024 –ANSR, a leader in developing strategic Global Capability Centers (GCCs), and Accenture, a leading global professional services company, have announced a strategic alliance to help clients design, set up, and optimize global teams for technology and business functions. Accenture also has made an equity investment in ANSR, and in connection with that investment, will join the company’s board of directors. The alliance combines ANSR’s expertise in building GCCs for Fortune 500 companies and others with Accenture’s extensive capabilities in enterprise reinvention.
“We are excited to be embarking on the next phase of ANSR’s growth with our strategic alliance with Accenture. Accenture’s leading-edge solutions, C-suite partnerships and deep industry experience, perfectly complement ANSR’s position as a trusted partner for the Fortune 500 and others in building, managing, and scaling Global Capability Centers,” said Vikram Ahuja, co-founder of ANSR. “Now, together with Accenture, we’ll equip companies to reinvent their business models by scaling GCCs using a strategic ‘best-sourcing’ approach.”
Founded in 2015 with headquarters in Dallas, Texas and significant operations in India, ANSR has pioneered the GCC space with end-to-end services offering businesses the opportunity to efficiently build, manage, and scale GCCs in talent-rich hubs. ANSR provides comprehensive, enterprise-ready solutions for talent, workspace, HR and GCC operations.
“In today’s talent-challenged environment, GCCs have become an effective way for global organizations to tap into valuable, diverse talent networks, drive long-term growth and innovation, and ensure resilience – all while maintaining their distinct corporate cultures and values,” said Paul Jeruchimowitz, a senior managing director with Accenture Strategy. “Our collaboration with ANSR builds on our global technology, talent and industry capabilities with specific services tailored to companies looking to take advantage of a GCC as part of their talent strategy.”
The services will be underpinned by Accenture’s technology, data and AI-powered capabilities and innovation architecture to help clients run their GCCs as effectively as Accenture has operated its own global delivery centers, enabling global organizations to tap new sources of talent, accelerate their reinvention efforts and drive growth.
About ANSR
ANSR, an Accel Ventures portfolio company is the market leader in enabling organizations to build, manage and scale global teams through Global Capability Centers (GCCs). ANSR’s suite of end-to-end AI-enabled products and services are trusted by the world’s best companies to help them setup, manage and run their high-impact technology centers. Since its inception, ANSR has established over 120 GCCs aggregating to over 180k enterprise talent with over $2B in investment and using over 12M sq ft of workspace. Visit ansr.com for more information.
ANSR And Accenture Partner To Launch Unmatched Suite Of GCC Services, Accenture Invests In ANSR And Will Join Its Board Of Directors
