MediaCatalyst, Author at MediaCatalyst : News - Opinion - Analysis

08 Dec

Shadowfax Rolls Out $5 Million ESOP Buyback Plan

MediaCatalyst0 CommentsNews, TechnologyShadowfax, Shadowfax ESOP Buyback Plan

Mumbai, Dec. 08, 2020: Shadowfax Technologies, an integrated 3PL services provider, today announced an employee stock ownership plan (ESOP) buyback program for its employees. The total value of the ESOP buyback program is estimated at $5 million and aimed at rewarding its employees as the business recovers to pre-Covid levels. This is the first buyback offering by the company where eligible employees can sell up to 35% of their assigned/vested ESOP shares. Shadowfax employees who have been granted ESOPs and completed more than four years with the company will be eligible to participate in the buyback program. In addition to this…

08 Dec

Baazi Games Paves the Way for Online Gaming in India

MediaCatalyst0 CommentsEntertainment, InterviewBaazi Games, BalleBaazi.com, Pokerbaazi.com, RammyBaazi.com

Indian online gaming industry has seen unprecedented growth in the last few years and has been estimated to grow further at a CAGR of 22.1 percent between FY18-23. The proliferation of low-cost smartphones and high-speed internet facilities amongst the urban and rural population is one of the major growth drivers. Real money games have started penetrating the Indian market and have seen the entry of several industry players. Navkiran Singh, Founder & CEO at Baazi Games chats with MediaCatalyst. Here is what he has to say. What is Baazi Games all about and how has the journey been so far? Baazi…

03 Dec

HappyLocate Raises Rs 4.4 Crore in Pre Series A Round

MediaCatalyst0 CommentsInvestment, NewsHappyLocate, Inflection Point Ventures, VM Ventures

Delhi, Dec. 03, 2020: HappyLocate, a Bangalore-based Relocation Platform has raised INR 4.4 Cr in Pre-series A round led by Inflection Point Ventures and participation from VM Ventures. The funds raised will be directed towards scaling up their operations, technological upgradation, better market penetration and service expansion. HappyLocate facilitates personal and commercial shifting across 15K+ pin codes in India and has been the most sought-after moving solution for corporates. It also features industry-exclusive AI-based relocation management platform, that enables large organizations to automate and manage their employee relocations end-to-end. Relocation ecosystem of India has always been a tricky one. While the…

02 Dec

Signzy Raises an Additional US$ 3M from Vertex Ventures

MediaCatalystInvestment, NewsNo Code AI Platform, Signzy, Vertex Ventures

Bangalore, Dec. 2, 2020: No code AI platform Signzy announced today that it has raised an additional US$ 3M from Vertex Ventures, taking its latest round of fundraising to $8.4M in total. Signzy announced last month that it raised US$5.4M in a financing round led by Arkam Ventures and Mastercard. Signzy’s existing investors, Kalaari Capital and Stellaris Venture Partners also participated in the round. Signzy offers a ‘no code AI platform’ that helps financial service companies automate risk and compliance processes. The company plans to invest in strengthening its AI platform and expanding its global sales team in order to serve the rapidly growing demand for…

25 Nov

Magenta BI Raises Rs 60 Lacs in Seed Funding from Angel Investors

MediaCatalyst0 CommentsInvestmentMagenta Bi

Ahmedabad, Nov. 25, 2020: Magenta BI, Ahmedabad based SaaS platform, has raised Rs 60 Lacs in Seed funding from investors including Santhosh G, an Angel Investor, Manoj Agrawal (CFO, HN Safal Group) and Sachin Chaturvedi (Promoter, Prarambh Group). The company was founded in 2018 by entrepreneurs, Vikas Mundhra, Founder & CEO and Vikalp Somani, Co-founder & CTO. The company operates the Magenta BI platform that helps SMEs make data driven decisions through Actionable Analytics. The investment will be used to grow the company’s sales, marketing and engineering to expand its product offering. Speaking on the announcement, Mr. Vikas Mundhra (Founder & CEO of Magenta BI) said, “At Magenta BI we are excited about the funding from angel investors. It…

20 Nov

Medical R&D in India Lacks Government Support: Dr. KM Cherian

MediaCatalyst0 CommentsHealth, InterviewCOVID-19, Dr. KM Cherian

Cardiovascular diseases (CVDs) have always been a major concern. One in 4 deaths in India is attributed to CVDs. This concern has considerably increased because of the effect COVID-19 has on lungs and other cardiovascular complications even after the recovery of COVID-19 infected patients. Dr. KM Cherian, the man who performed India's first Bypass Surgery, talks to MediaCatalyst about the impacts of COVID-19. With innate talent and a passion to save lives, Dr. Cherian has also pioneered the first heart transplant in India after the legislation of Brain Death, the first bilateral lung transplant, the first Pediatric Heart transplant, the…

19 Nov

Access to Formal Credit Still Not Available to Students in India: CEO, mPokket

MediaCatalyst0 CommentsBanking, Finance, Insurance, InterviewGaurav Jalan, mPokket

As a student or young professional, almost everyone has sought peer-to-peer financial help, particularly in India wherein formal credit to students does not exist till date. Mr. Gaurav Jalan saw this as an opportunity with great growth potential and went ahead to establish mPokket to address this credit gap for students and working professionals. Mr. Jalan talks to MediaCatalyst about mPokket's journey and business model. Here are the excerpts from the interaction with Mr. Jalan, CEO and founder, mPokket. What's the inspiration behind mPokket? Tell us a bit about mPokket's journey. mPokket was created to help those excluded from the…

19 Nov

Clearer Policy Formation is Needed for Transition to e-Mobility in India: Co-founders, Repos Energy

MediaCatalyst0 CommentsInterviewAditi Bhosle Walunj, Chetan Walunj, e-mobility, Mobile Petrol Pumps, Repos Energy

The talks about e-mobility has considerably increased in the last couple of years. The governments across globe are trying their best to promote e-mobility and in the process, incentivizing the adoption of electric vehicles. However, when we look at the current scenerio in India, forget about electric, a major part of rural India, even today, does not have easy access to energy fuels like diesel and petrol. The Indian Oil Marketing companies recently invited an Expression of Interest (EoI) from startups to enroll as FuelEnts thereby facilitating the delivery of diesel at doorstep. In the process, Repos Energy, a startup owned…

18 Nov

Instamojo Raises Funds in Pre-Series C Round from Japanese Investors

MediaCatalyst0 CommentsInvestment, NewsInstamojo

Mumbai, Nov. 18, 2020: Instamojo, announced today the closing of its Pre-Series-C funding round of an undisclosed sum. This round of funding saw the participation of Japanese investors Base and existing investors such as Gunosy Capital, who participated in Series B round back in January 2019. The funds raised will be used to expedite the company’s growth and product roadmap as well as venture into international markets in the coming year. Instamojo began its journey in the Fintech space with its flagship product - The online payment link, thereby solving the digital payments challenge for several entrepreneurs. Focused on empowering…

13 Nov

Rapawalk Raises $300K in Seed Round from Inflection Point Ventures

MediaCatalystInvestmentInflection Point Ventures, Rapawalk

New Delhi, Nov. 13 2020: Rapawalk, Bangalore based online footwear brand that offers a personalized service to its customers, has raised $3,00,000 in seed round led by Inflection Point Ventures. The funds raised in this round will be used towards scaling up the business. Rapawalk plans to continue expanding their online business for the coming 12-15 months and also offer an omnichannel shopping experience to its customers. Vinay Bansal, Founder & CEO, IPV says,'' We believe in the growth story of customized footwear in India, especially with our insight that every customer’s foot is different, and standard shoe sizes are not enough for…