Bits’n’bytes: know the professional events in Pune
NielsenIQ inaugurates a capacity center in Pune
Information services company NielsenIQ has launched its third international capability center in India and the first in Pune. The center in Pune would reach a capacity of 1,700 people by the end of 2023.
“People, process and opportunity continue to be our focus at NielsenIQ. India is at the epicenter of our growth and transformation, and we are pleased to inaugurate the country’s third hub or capability center in Pune today,” said Mohit Kapoor, Chief Technology Officer, NielsenIQ .
“The city of Pune will boost access to talent across existing and emerging technologies, enabling us to offer broader solutions to meet the needs of our global customer base. Recruitment for the Pune hub and the Chennai and Vadodara hubs is ongoing, and NielsenIQ plans to ramp up its recruitment in India through 2022,” he added.
“Our presence in India will play an important role in helping to accelerate the growth plans of the company and the industries we work with. We welcome talent in India to join our team as we scale our operations for global impact,” Kapoor added.
Intercontinental Exchange to expand operations in Pune
Intercontinental Exchange, a global data, technology and market infrastructure provider, announced the expansion of the company’s software engineering, customer success and automation operations in India.
ICE’s office in Pune has been responsible for providing ICE Mortgage Technology’s clients with essential technical and operational infrastructure. It has approximately 1,100 employees and recently added two new floors, creating a spacious 98,000 square foot campus in Cybercity, Magarpatta.
Sachi Pati, Head of ICE India, said, “ICE’s Global Capability Centers (GCCs) across India now employ over 2,000 professionals in software engineering, technology, business operations and data. This year, we aim to add another 500 technology experts to our team as part of our growth trajectory in India.
Mayur Kapani, Chief Technology Officer at ICE, said, “India remains a key part of ICE’s global growth strategy. The company will focus on leveraging the talent pool in the areas of artificial intelligence and machine learning (AIML) engineers to increase how its customers use ICE’s technology, improve business processes and reduce lead times. transaction.
Newrl launches tokenized equity solutions
Newrl, a public blockchain for consumer decentralized finance (DeFi), has launched token-based equity solutions for unlisted companies. The platform will enable the tokenization of equity to issue ESOPs, raise funds and improve governance through smart contracts, making startup equity a more liquid asset class.
Because ESOPs lack liquidity, employees don’t prioritize it, as they can only gain value when the company buys out or goes public. Newrl launched these solutions to address issues faced by unlisted companies.
Swapnil Pawar, Founder of Newrl, says, “Launching this ‘trust-based’ network in the country will help democratize access for small organisations, startups and even individuals. This will streamline the process for allocating ESOPs and shares by startups and unlisted companies, encouraging owners and employees to opt for safe, simple, yet tangible solutions.
Chappers embarks on the newsstand franchise model
Chappers, a Pune-based bespoke footwear company, has launched its third store at Seasons Mall and is now ready to embark on the kiosk franchise model. The startup is also foraying into the women’s footwear segment to expand its market coverage across India.
In its efforts to empower local artisans and revive the historic Indian art of shoemaking for contemporary shoppers, Chappers helps people “show off their best foot.”
Harshwardhan Patwardhan, Founder of Chappers, “Unlike a typical store model where thousands of pairs of shoes are stocked, with only a handful of the ones selling well, and the rest eventually being eliminated in the sales, we don’t display only 25-30 selected best-selling shoes that are sure to attract the attention of the public.We empower buyers by providing technology-based shoe customization.Buyer can experience high-quality, personalized shoes. and stylish via touch screens in stores.In a short time, we have managed to grow rapidly and leave an indelible mark on the Indian and international bespoke footwear market.
Zypp Electric Raises $1 Million in Debt Financing
EV-as-a-service platform, Zypp Electric has raised $1 million in debt financing from Northern Arc to expand its electric vehicle fleet services. The company aims to use debt as a new expansion funnel with the current leasing strategy as it plans to roll out 1.5 Lakhs e-scooters in India by 2025. Zypp has also emerged as the top logistics player EV to turn positive business into EBITDA while recording 5x annual revenue. Akash Gupta, co-founder and CEO of Zypp Electric, said, “Zypp’s profitability is proof that we are on the right track and that we are effectively using our resources in the right direction. The best part is that we achieved the positive EBITDA milestone as well as 5x revenue growth in this fiscal year compared to the prior fiscal year, also the achievement came when we raised a fraction of the capital compared to other players in the mobility industry. .”
VS Mani & Co. raises $370,000 in angel round
South Indian specialty food brand VS Mani & Co. has raised $370,000 in an angel funding round, from leading angel investors including Haresh Chawla (Partner, True North Co), Anupam Mittal (Founder and CEO People Group), Ashish Hemrajani (Founder and CEO, BookMyShow), Sidharth Rao (CEO of DentsuMB Group), Rajan Navani (Founder and CEO JetSynthesys), actor-producer Rana Daggubati and the family office of the Sattva group.
“Many South Indian dishes are popular across the country. But there is hardly any pan-Indian player who has consolidated this opportunity into a complete and ready-to-eat range of South Indian delicacies. We want to create a ‘national South Indian brand’, so to speak – and we have a strong brand story to facilitate that,” says co-founder GD Prasad.
Yashas Alur, Co-Founder and Head of Growth, said, “Right now almost 90% of our sales come from our own channel. We acquired customers profitably – and with healthy repeat rates we also proved we had a solid product.”
“Now the plan is to scale through online marketplaces and offline retail – not only in India, but also overseas, where there is a large diaspora to serve,” adds Rahul Bajaj, co- Founder and Head of Operations.
eMedEvents raises $150,000 in bridge round from We Founder Circle
Start-up investor “We Founder Circle” has enabled a Bridge Round investment worth $150,000 in eMedEvents, a continuing medical education marketplace. The brand activated the funds in convertible notes for a 20% discount on the next round. The startup would use 93% of the funds raised for the expansion of the platform and to develop the SaaS model for healthcare professionals. The brand would also use the rest of the amount raised for wider market penetration.
“The healthcare market is changing rapidly following the pandemic wave. We definitely need better collaborations to bring about meaningful change in the system. It also requires strong support from relevant stakeholders, including the investment community,” said Neeraj Tyagi, co-founder and CEO of We Found Circle.
“This commitment has enormous scope to bring about massive changes in the ecosystem. With this fundraising, we plan to achieve significant milestones,” said Priya Korrapati, CEO and Founder of eMedEvents.