Around The World

08 Feb

TenderCuts Raises $15 Mn Led by Paragon Partners and NABVENTURES

MediaCatalyst0 CommentsInvestment, NewsNABVENTURES, Paragon Partners, TenderCuts

TenderCuts, the omnichannel meat & seafood brand today announced that they have raised INR 110 crore (USD 15 million) in a round led by Paragon Partners, a mid-market PE fund founded by Siddharth Parekh and Sumeet Nindrajog with participation from NABVENTURES, a leading agri-food tech VC fund backed by NABARD. The funding will allow TenderCuts to expand its current operations and pursue organic and inorganic growth opportunities. The funds will also allow the company to invest in scaling up its supply chain and technology infrastructure to support innovation and accessibility of its products and services. Founded in 2016 by Nishanth…

04 Feb

TRUSTMF Banking & PSU Debt Fund NFO Raises Rs. 582.68 Crore

MediaCatalyst0 CommentsBanking, Finance, Insurance, NewsTRUST Mutual Fund, TRUSTMF Banking & PSU Debt Fund

TRUST Mutual Fund’s maiden new fund offer (NFO) - TRUSTMF Banking & PSU Debt Fund has successfully raised Rs. 582.68 Crore. This is one of the recent NFOs with an extremely positive response. The first day AUM after the closure of NFO is Rs. 580.24 Crore. The NFO proceeds have been garnered from over 500 investors spread across 44 locations# through both digital & offline modes. The NFO has seen wide participation from both Institutional, Corporate, Family Offices, HNI, and Retail Investors, which is an indication of the faith posed by them in a well- structured & transparent investment process…

04 Feb

Union Budget 2021: Evoked Reactions from Industry Leaders

MediaCatalyst0 CommentsNewsUnion Budget 2021

The Union Budget 2021 presented by Finance Minister Nirmala Sitharaman on Monday, February 01, 2021, evoked mixed reactions from businesses, academicians, analysts, public and other stakeholders. While some are disappointed with the budget as there has been very little for them, the majority of industry leaders hail the budget. The Government has been focused on ensuring the development of MSMEs, ease of doing business, promoting startups, manufacturing in India, and quality education. Union Budget 2021 has restated the same. While the country is still struggling to tackle the ongoing pandemic and its impact on the economy and the people, it…

02 Feb

MediBuddy Closes $40 Mn in Series B Round

MediaCatalyst0 CommentsInvestment, NewsMediBuddy

MediBuddy, a digital healthcare platform, announced the closure of its $40 million Series B round. This follows the recent infusion of $20 million led by India Life Sciences Fund III, LLC, with participation from other investors. The digital healthcare platform had earlier announced an initial funding of $20 million (INR 150 crores) in June 2020 under this round. MediBuddy is led by co-founders Mr. Satish Kannan & Mr. Enbasekar as the CEO and the CTO respectively. In June 2020, to create market leadership in the digital healthcare industry, DocsApp (India’s leading online doctor consultation platform) merged with MediBuddy and has…

21 Jan

Essential Tips for Businesses Looking to Combat Mental Health Issues

MediaCatalyst0 CommentsHealthInternational SOS, Mental Health

In these difficult times, it is vital that businesses address the issue of mental health head on, developing a sophisticated mental wellness strategy to fulfil duty of care responsibilities and help employees with their mental health resilience. Beyond the obvious positives implementing these strategies would have for employees, businesses have a direct interest in investing in creating a mental wellness program; according to data from International SOS’ recent Risk Outlook 2021, 1 in 3 risk professionals believe that mental health issues will contribute significantly to declining productivity levels this year. A business that supports employees appropriately will therefore likely be in…

21 Jan

Our Beneficiaries are at The Center of All Our Efforts: CEO, Akshaya Patra Foundation

MediaCatalystCSR, InterviewHappiness Kit Initiative, The Akshaya Patra Foundation

It is a proud moment for an organization when its name becomes synonymous with a particular initiative that is focused on creating a positive impact in society. The same has been the case with The Akshaya Patra Foundation. From serving just 1,500 children in 5 schools in 2000 to millions of children through its over 52 kitchens across across 12 States & 2 Union Territories of India, the Foundation strives to eliminate classroom hunger by implementing the Mid-Day Meal Scheme in government schools and government-aided schools. Mr. Shridhar Venkat, CEO - The Akshaya Foundation The Akshaya Patra Foundation recently launched…

15 Jan

Online Learning and e-Assessment: The Only Way to Ensure Continuity in Learning

MediaCatalyst0 CommentsEducation, InterviewDigital Education, e-Assessment

Over the last few months, as the COVID 19 pandemic took the world hostage, it brought almost everything to a grinding halt. This impacted businesses in almost all sectors negatively worldwide, but it has also given a push to EdTech companies simultaneously, due to the school and university closures. Imparting education digitally must also be facilitated with robust e-assessment or digital assessment solutions. Mr. Karan Gupta, Co-founder at AssessPrep shares his insight on e-assessment and how AssessPrep is changing the e-assessment landscape through its assessment platforms. Read is what he has to say. Tell us about AssessPrep and how it…

11 Jan

Sterlite Power Raises INR 200 Cr from Allianz Global Investors

MediaCatalyst0 CommentsInvestment, NewsAllianz Global investors, Sterlite Power

Sterlite Power, a leading global power transmission player, announced today that it has raised INR 200 crore in debt financing from Allianz Global Investors (Allianz GI) - one of the world’s leading investment managers with focus on sustainable investments. This transaction is one of the first infrastructure sector financing deals for Allianz GI in India. The INR 200 crore facility from Allianz GI has been raised as a non-convertible debenture with a three-year tenure and is part of the larger refinancing exercise undertaken by Sterlite Power to reduce its holding company borrowings. Sterlite Power is increasingly focused on integrating renewable energy (RE) to the grid.…

11 Jan

Managing Unplanned Expenses with an Instant Loan App

MediaCatalyst0 CommentsBanking, Finance, Insurance, ColumnInstant Loan App

In a rapidly evolving economy, expenditure patterns also evolve rapidly. Especially in today’s age, one that is increasingly dominated by millennial professionals. With the tremendous rise in the corporate culture (and rising costs of living) in all the metropolitans, unplanned and contingent expenses are off the roof. More than any time before, people want that dream vacation or the dream car or that spontaneous shopping plan or road trip. Millennials have been characteristized with that go-getter attitude - they need it all, sometimes without even having the saved up money for it. The need for money for unplanned expenses saw…

09 Jan

Jumbotail Raises $14.2 Mn in Series B3 Round Led by VII Ventures

MediaCatalyst0 CommentsInvestment, NewsDiscovery Ventures, Jumbofund, Jumbotail, Klinkert Investment Trust, Nexus Venture Partners, Nutresa, Peter Crosby Trust, Veronorte, VII Ventures

Jumbotail, a new retail platform and B2B marketplace for food and grocery products, has raised $14.2 million Series B3 round of funding led by VII Ventures with participation from Nutresa, Veronorte, Jumbofund, Klinkert Investment Trust, Peter Crosby Trust, Nexus Venture Partners, Discovery Ventures, and a group of HNIs and industry leaders. This round comes in quick succession after a $11M Series B2 round raised in October 2020, bringing the total funds raised by the company to $54mn. Ashish Jhina, Co-founder, Jumbotail, said, “Jumbotail is at an inflection point in its growth trajectory. We are seeing tremendous interest from investors across the globe who…