Tag Archive for ventures

Sequretek raises fresh funding from Unicorn India Ventures

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Sequretek, one of India’s fastest growing cyber-security company, has raised Rs 27 crores in a bridge round. The round has been led by Unicorn India Ventures and co-investors include GVFL and Sharad Sanghi, MD & CEO, Netmagic. Both Unicorn India Ventures and GVFL invested in Sequretek last year in a pre Series A round. Sharad Sanghi has invested in this round in a personal capacity. This is 2nd institutional round raised by Sequretek.

Pankit Desai, Co-founder & CEO, Sequretek says, “The Company has been growing much faster than expected. Our enterprise client base is expanding with newer segments such as manufacturing, pharma, services and retail coming on board whilst maintaining a strong traction in the financial sector. These freshly infused funds will help Sequretek scale up faster in India as well as internationally too.” Read more

India’s GoQuest Media Ventures (GQMV) collaborates with German production house Fandango Film TV to launch Nordic show ‘My Dance Crew’ for German audiences

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

8 prominent celebrities, the best professional dance crews and a lot of excitement-German audiences are set for some high-octane dancing action as GoQuest Media Ventures recently associated with German independent production house Fandango Film TV Internet Produktions to acquire the rights to popular Nordic dance-format based show ‘My Dance Crew (8 x 45’).’ The deal sees Fandango acquire the show for Germany and other German speaking territories of Belgium, Austria, Switzerland, Luxembourg and Liechtenstein.

Through the latest partnership, German audiences will be able to enjoy a show packed with excitement, talent and interesting dynamics as their favourite celebrities fight it out against each other on the dance floor with their chosen professional crew!”

My Dance Crew, which aired on Norway’s largest commercial broadcaster TV 2, is an exciting format that gives eight of the country’s leading celebrities a chance to join their own dance crew. The professional dance crew will be essential in orchestrating each remarkable performance and be responsible for transforming the celebrities into full-fledged dance crew members. Over the course of eight weeks they will compete to perform the best possible dance routine LIVE in the studio every week. Read more

HINDUJA VENTURES LIMITED (‘HVL’) UN-AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2018

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

The Board of HVL at its meeting held today approved the un-audited standalone financial results for the quarter ended June 30, 2018.

 

The Indian Accounting Standards (IND AS) as prescribed by Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder became applicable to HVL from April 01, 2018. Accordingly, HVL’s results for the Quarter ending June 30, 2018 have been prepared under IND AS and the previous year’s comparative numbers have been re-stated under IND AS.

 

HVL Standalone Results for the quarter ended June 30, 2018 under IND AS:-

 

HVL on a standalone basis reported a total income of Rs. 78.12 Crores for the quarter ended June 30, 2018 as against Rs. 36.88 Crores for the quarter ended June 30, 2017.

 

The net profit after tax for quarter ended June 30, 2018 stood at Rs. 36.11 Crores as against Rs. 10.75 Crores during quarter ended June 30, 2017.

 

REVISED AUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2018

 

Revised Standalone total income for the year ended March 31, 2018 Rs. 225.10 Crores and PAT Rs. 104.11 Crores

Revised Consolidated total income for the year ended March 31, 2018 Rs. 868.97 Crores and Loss after tax and minority interest Rs. (244.51) Crores

 

The Board of HVL at its meeting held today also approved the revised audited standalone and consolidated financial results of the Company for the year ended March 31, 2018 after giving effect to the Scheme of Amalgamation of Grant Investrade Limited, a wholly owned subsidiary of the Company (“Transferor Company”) and the Company, namely, Hinduja Ventures Limited (“Transferee Company”) w.e.f. October 01, 2017 being the Appointed Date. The Scheme of Amalgamation of Grant Investrade Limited into the Company was sanctioned by the Hon’ble National Company Law Tribunal on May 10, 2018 and the Scheme became effective w.e.f July 02, 2018. Read more

B R Shetty-led BRS Ventures enters Afghanistan; takes over two hospitals and establishes pharmaceutical manufacturing unit

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

(Left - Sitting) Dr. B. R. Shetty, Founder and Chairman, BRS Ventures; (Centre - Standing) H.E. Ashraf Ghani, the President of Islamic Republic of Afghanistan; (Right - Sitting) H.E. Dr. Ferozuddin Feroz, Ministry of Public Health, Islamic Republic of Afghanistan

Ministry of Public Health, Islamic Republic of Afghanistan and BRS Ventures, UAE today signed a Memorandum of Understanding (MOU) to take over two hospitals and establish a pharmaceutical manufacturing unit in Kabul, Islamic Republic of Afghanistan. The MoU was signed in the presence of H.E. Ashraf Ghani, the President of Islamic Republic of Afghanistan. For enhancement of the public healthcare infrastructure in Kabul, BRS Ventures will operate and manage Sheikh Zayed Hospital (SZ Hospital) and Wazir Akbar Khan Hospital (WAK Hospital) under the public private partnership model. The hospitals will be a part of BRS Ventures healthcare brand called ‘BR Life’. The MoU will be executed in 2 phases. Operations & Management of SZ Hospital in Phase 1 and WAK Hospital in Phase 2. Read more

Magic Crate raises Pre Series A funding led by Fireside Ventures

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Bangalore-based Magic Crate, an early childhood learning brand, has raised an undisclosed amount in its third round of institutional funding led by Fireside Ventures. The Company had earlier raised funding led by Mohandas Pai backed Aarin Capital and 3One4 Capital. The latter also participated in the current round.

Magic Crate was started in 2015 by IIT-IIM alumnus Viswanathan Ramakrishnan and  ex-McKinsey consultant Karthik Lakshman. The start-up provides an inquiry & play-based program for early childhood learning at home.

“Research shows that about 80% of critical brain development happens before the child turns 8. This has a direct correlation with what they are exposed to, during those years. Also, in this age group, they have a phenomenal amount of free time and it becomes a big challenge to engage them at home. Magic Crate is solving this pain point for millions of busy, but well-intentioned parents.”, says Viswanathan Ramakrishnan, Co-founder and CEO, Magic Crate.

The company offers a subscription-based service that produces and delivers hands-on activities for kids aged 1.5-13 years. The activities are designed by a team of early childhood experts & product designers, to be educational and also entertaining for kids.Every month, the child explores a new area that excites them, such as space or rainforest. And Magic Crate provides all the necessary materials, ideas and instructions for these themed activities.

Magic Crate has shipped more than 5 lakh crates till date and is growing 100% Y-o-Y. The Company is on track to touch more than 70,000 shipments per month by March 2019. Read more

Unicorn India Ventures announces investment in Software Defined Radio (SDR) startup Inntot Technologies

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Unicorn India Ventures, an early stage VC fund, has announced another investment in Kerala — an emerging hub for startups. The Fund has invested in Inntot, a software defined radio startup based in Kerala. It is a seed-funding round, which marks Unicorn India as the first institutional investor in Inntot.

 

This is Unicorn India’s sixth announcement in the State The Fund invested in five startups — Genrobotics, Perfectfit and SectorQube, Bank Open and Clootrack early this year.

 

Anil Joshi, Managing Partner, Unicorn India Ventures, says, “Over the last one year, as a Fund, we have been on a look out for next gen tech startups and investment made by us clearly reflect our intent to find such growing startups and invest in them. Kerala, in that respect, has surprised as we have seen our investments going to startups which are working on cutting edge technology like IoT, 3D, Robotics and now digital radio receivers.” Investment in Inntot is inspired by the success that we have seen in new age tech startups who are not chasing the tempting matrix but building a product from ground up and opening up a completely new market for themselves rather fighting for a small piece of a big pie, he adds. Read more

HINDUJA VENTURES LIMITED (‘HVL’) AUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2018

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

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Standalone total income for the year end Rs. 242.60 Crores

PAT Rs. 125.65 Crores

 

Recommendation of Dividend at 175% for the financial year 2017-2018

 

The Board of HVL at its meeting held today approved audited standalone and consolidated financial results for the year ended March 31, 2018.

 

HVL Standalone Results: -

 

  • The net profit after tax stood at Rs.125.65 Crores for the financial year ended March 31, 2018 as against Rs. 102.90 Crores for the financial year ended March 31, 2017.

 

  • HVL on standalone basis reported a total income of Rs.242.60 Crores for the financial year ended March 31, 2018 as against Rs. 203.39 Crores for the financial year ended March 31, 2017.

 

Consolidated Financial Results: -

 

  • Consolidated total income for the financial year ended March 31, 2018 is Rs. 868.97 Crores as against to Rs. 826.00 Crores for financial year ended March 31, 2017.

 

  • Consolidated net loss after tax and minority interest for the financial year ended March 31, 2018 stood at Rs 255.54 Crores as against loss of Rs. 56.61 Crores for the financial year ended March 31, 2017. Read more

Mr. Ashok Mansukhani appointed as Managing Director of Hinduja Ventures Limited

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

The Board of Directors of the Company at its meeting held today i.e.February 12, 2018 has appointed Mr. Ashok Mansukhani  as Managing Director of the Company for a period of two years with effect from April 30, 2018 to April 29, 2020 upon completion of his existing term as Whole-Time Director on April 29, 2018.

Mr. Ashok Mansukhani is a postgraduate from Delhi University who completed his Masters in English Literature from Kirori Mal College, Delhi University and his LLB from K C Law College,Bombay University. After a distinguished career in Central Government as an Indian Revenue Service Officer for 22 years, he joined the Hinduja Group in 1996 and has handled various senior responsibilities in the Group, in media and Corporate sphere. Read more

HINDUJA VENTURES LIMITED(‘HVL’) UN-AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2017.

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

The Board of HVL at its meeting held today approved un-audited standalone financial results for the quarter and nine months ended December 31, 2017.

 

HVL Standalone Results:-

 

  • HVL on standalone basis reported a total income of Rs. 169.12 Crores for the nine months ended December 31, 2017 as against Rs. 173.91 Crores for the nine months ended December 31, 2016.

 

  • The net profit after tax for nine months ended December 31, 2017 stood at Rs. 88.80 Crores as against Rs. 88.39 Crores during nine months ended December 31, 2016. The Net Profit After Tax for the period ended grew by 0.47 %.

 

  • For the quarter ended December 31, 2017, the total income of the Company stood at Rs. 64.88 Crores compared to Rs 53.58 Crores for the quarter ended September 30, 2017 and Rs. 52.79 Crores for the quarter ended December 31, 2016.

 

  • The net profit after tax for the quarter ended December 31, 2017 stood at Rs. 33.76 Crores as against Rs. 29.55 Crores for the quarter ended September 30, 2017 and Rs. 35.99 Crores for the quarter ended December 31,2016. Read more

Unicorn India Ventures comes calling to Kerala startups

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Unicorn India Ventures announce three investments in Kerala — based startups – GenRobotic, SectorQube & Perfectfit Fashion. The Fund has been actively exploring investment in Kerala post partnering with Kerala Start-up Mission (KSUM), which is also an investor in Unicorn India.

With the State Government’s backing, KSUM is aggressively promoting entrepreneurship in the state aligned to the vision of Startup India and Unicorn India is at the forefront to provide strategic guidance and financial support to Kerala’s fast growing startup story.

 

Unicorn India Ventures is a Mumbai ­based VC fund that invests in early stage startups working on business ideas spanning sectors like consumer, enterprise, healthcare, ESDM and deep technology domains. These investments are made from Unicorn’s first fund launched in 2015 with investments across 10 startups made over the last 2 years.

Anil Joshi, Managing Partner, Unicorn India Ventures, says, “Kerala is the hotbed for growing startups in the country today. The State Government backed accelerator, KSUM, is working aggressively with the industry experts to nurture the startup ecosystem in the State and we are excited to partner with KSUM in fostering the spirit of entrepreneurship by way of investing and mentoring the Kerala-based startups, which is core to Unicorn India.” Read more