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Infinx acquires i3 Verticals’ healthcare RCM business in $96 Mn deal

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Greg Daily, Founder and CEO of i3 Verticals

Infinx, a leading provider of AI-powered revenue cycle management (RCM) solutions, acquires the Healthcare RCM division of i3 Verticals, Inc.—along with its proprietary technology—for $96 million, subject to post-closing purchase price adjustments.

With this move, Infinx strengthens its presence in the healthcare RCM industry and strategically expands into new customer segments, including academic medical centers and large provider groups. Moreover, the acquisition adds an experienced team and a loyal customer base to Infinx’s operations. This further reinforces the company’s mission to deliver comprehensive, AI-driven financial lifecycle solutions that support healthcare providers across every stage of the revenue cycle.

“We’re thrilled to welcome the i3 Verticals Healthcare RCM team and their customers into the Infinx family,” said Jaideep Tandon, Executive Chairman and Co-founder of Infinx. “Their deep experience supporting academic medical centers and the strong relationships they’ve built over the years are an ideal complement to our technology-driven approach. By combining their trusted expertise with our AI-powered RCM Insights, patient access, and automation platforms, we’re excited to deliver meaningful financial and clinical outcomes for healthcare providers nationwide.”

Greg Daily, founder and CEO of i3 Verticals, stated, “Several years ago we set off to build a platform to deliver fantastic revenue cycle management solutions for the healthcare industry. We are proud of what we built and continue to believe that this is an attractive market. However, we also recognize that scale is important in revenue cycle management, and our future is in providing enterprise software solutions in other markets. We found a great partner, and our healthcare management team will be well positioned to accomplish great things with Infinx.”

Overall, the acquisition strongly supports Infinx’s long-term strategy to combine scalable technology with expert services across the entire revenue cycle—from patient access to accounts receivable optimization. As a result, it enables healthcare providers to boost revenue, streamline administrative processes, and ultimately enhance patient outcomes.

Infinx, founded in 2012, actively delivers AI-powered solutions that streamline the entire financial lifecycle for healthcare providers. It operates a cloud-based platform that integrates automation and artificial intelligence to drive efficiency. Furthermore, Infinx supports its technology with expert teams based in the U.S., India, and the Philippines, ensuring global service coverage and operational excellence.

With this acquisition, Infinx strengthens its position in the healthcare RCM market and accelerates its mission to provide end-to-end, AI-driven financial solutions. By combining advanced technology with deep expertise, Infinx continues to empower healthcare providers to optimize revenue, reduce administrative complexities, and deliver better patient outcomes.

Minor Hotels rebrands Oaks Hotels, Resorts & Suites

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Ian Di Tullio, Chief Commercial Officer, Minor Hotels

Minor Hotels has transformed Oaks Hotels, Resorts & Suites, shifting the brand from its traditional serviced apartment model to a full-service hotel, resort, and suites offering. This repositioning includes a renewed focus on service, distinctive operational features, and a refreshed brand identity aimed at enhancing its global appeal and setting it apart in a competitive hospitality market.

The brand’s new direction invites guests to “dive in” and enjoy the joy of travel. To bring this vision to life, Oaks has introduced unique brand elements, including mixed-use communal spaces. Additionally, grab-and-go pantries offer travel essentials and local products, blending convenience with local flavor. Integrated lobbies now serve barista-made coffee and baked goods, creating vibrant spots for guests and locals to connect.

Oaks has embraced a hospitality-first service culture to shape its new brand hallmarks. The team has launched a revitalized food and beverage program, focusing on communal, family-style dining. Each location also serves a signature gourmet lamington, crafted to reflect local flavors. In-room experiences now showcase the brand’s renewed energy, with premium bathroom amenities infused with a custom blend of citrus, lavender, and eucalyptus—carefully designed to uplift and refresh guests.

To promote restful sleep, guests can enjoy a curated nighttime ritual that includes soothing sounds and evening snacks. Moreover, wellness remains a key focus; guests can access yoga and meditation classes through in-room televisions. Additionally, select properties offer sunrise swims and running clubs to encourage active, mindful mornings.

The reimagined brand identity features a bold new logo and a vibrant color scheme, including a signature yellow and the iconic Oaks stripe. Interior design elements emphasize rich layers of color and pattern, complemented by warm timber finishes, calming neutrals, and abundant indoor greenery that blurs the line between indoor and outdoor spaces. These new brand applications and experiential hallmarks aim to deliver a cohesive and unmistakably Oaks guest experience.

Ian Di Tullio, Chief Commercial Officer, Minor Hotels, commented, “The strategic repositioning of Oaks marks a pivotal step in elevating our position in the market. With our revitalized service culture and addition of lifestyle elements to contemporize our offer, we’re creating a more resonant brand experience for today’s travelers. In a sector that has remained largely undifferentiated, the transformation repositions Oaks for global growth, further strengthening confidence amongst our investors and developers.”

Dillip Rajakarier, Group CEO of Minor International, added, “This repositioning marks a significant step in the continued evolution of a brand that has earned its place in the hearts of travelers for more than 33 years. As we build on that legacy, we’re focused on creating meaningful, experience-led travel destinations meeting the needs of both our corporate and leisure guests. With over 55 Oaks properties and growing, this transformation reflects our long-term vision for sustainable growth and reinforces our commitment to delivering world-class hospitality.”

Minor Hotels is transforming Oaks Hotels, Resorts & Suites into a full-service brand with a fresh look and feel. With a focus on design, wellness, and local experiences, the new Oaks is set to offer a more engaging and memorable stay as these changes roll out across its properties.

PB Fintech raises $218 Mn for new hospital venture in India

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Yashish Dahiya, Co-founder, Chairman and Group CEO, PB Fintech

Policybazaar’s parent company, PB Fintech, announced on Thursday that it has secured $218 million in seed funding for its newly launched healthcare venture, PB Health. This move marks the company’s foray into India’s rapidly expanding healthcare sector.

Chairman Yashish Dahiya said the company will use the funds to build four to five hospitals in the New Delhi region by 2027 and aims to expand the network to 25 to 30 hospitals across 10 major Indian cities in the long term.

The funding round includes a $50 million investment from Silicon Valley-based General Catalyst, which previously led a $340 million round in Mumbai’s quick commerce startup Zepto and is also an investor in Indian startups like Cred and Spinny.

Policybazaar is India’s leading insurance aggregator, offering health, life, and motor insurance products on behalf of various insurance providers.

“Providing quality affordable healthcare in India is a complex challenge. We believe one way to tackle this issue is through the world of insurance,” Dahiya said.

PB Fintech is committing an initial investment of approximately $62 million; consequently, it will secure a 26% stake in PB Health, according to chairman Yashish Dahiya. However, he did not disclose the identities of the other shareholders.

A report by EY and IVCA states that private investors poured $3.2 billion into 84 private equity and venture capital deals in India’s healthcare sector in 2024, up from 62 deals worth $5 billion in 2023.

“We believe India has a unique opportunity to leapfrog legacy models and build a resilient, inclusive health assurance system,” Neeraj Arora, MD of General Catalyst said in a statement.

This investment follows General Catalyst’s expansion in India last year, when it merged with local venture firm Venture Highway and allocated between $500 million and $1 billion for new investments in the country.

PB Fintech’s entry into the healthcare space with PB Health marks a strategic diversification beyond insurance. By leveraging the momentum in India’s booming private healthcare sector, the company is expanding its footprint into a high-growth industry. Furthermore, backed by substantial funding and prominent investors like General Catalyst, the venture is well-positioned to make a significant impact on India’s medical infrastructure in the coming years.

Interior design startup Flipspaces raises $35M in a funding round

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Flipspaces, a startup offering design and construction solutions for commercial spaces, has secured $35 million (approximately Rs 297 crore) from investors to support its expansion efforts.

In a statement released on Wednesday, the company said it has “raised $35 million in primary and secondary capital, led by tech growth investor Iron Pillar and supported by existing backer, Prudent Investment Managers, and incoming Synergy Capital.”

The newly secured funds will accelerate its growth in India, the US, and the UAE, enhance the company’s technology capabilities, and explore inorganic growth opportunities in new markets and adjacent sectors.

Flipspaces offers a fully integrated, technology-driven design and build solution tailored specifically for small and medium business (SMB) spaces. This segment represents around 60% of the total commercial interior design and build market, highlighting the company’s strategic focus on a significant share of the industry.

“We are building a technology-led brand aimed at transforming the customer experience in commercial design and build globally. Our conviction lies in scaling with both speed and sustainability, driven by a replicable, tech-powered delivery model that balances growth with profitability,” said Kunal Sharma, founder and CEO of Flipspaces.

Flipspaces has achieved a compound annual growth rate (CAGR) of over 65% over the past four years, maintaining profitable operations. The company has delivered more than 8 million square feet of commercial space for over 1,000 brands across India and the US.

Additionally, the funding round saw early-stage investor Carpediem exit, marking a key transition in the company’s growth journey.

With impressive growth and a strategic focus on SMB spaces, Flipspaces aims to further expand its footprint in the commercial design and build market. The successful funding round, coupled with its strong performance across India and the US, signals the company’s continued commitment to innovation and growth.

Ramee Group expands hospitality portfolio with new hotel signing in Rajkot

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Ramee Group of Hotels has unveiled plans for a new hotel project in Rajkot, Gujarat, a city recognized as one of Western India’s fastest-growing urban hubs.

The upcoming property will offer 90 stylishly designed rooms, versatile banqueting facilities, and two unique restaurant concepts, aiming to serve both business and leisure guests.

This development represents a key milestone in Ramee Group’s ongoing strategy to expand its footprint in Tier II cities. Moreover, it highlights the brand’s strong commitment to delivering high-quality hospitality experiences in emerging markets. In collaboration with renowned entrepreneur Bhupat Bodar, who brings valuable local expertise, the project aims to further elevate Rajkot’s growing hospitality landscape.

Scheduled for completion in 2027, the hotel will emphasize modern luxury, sustainable design, and community engagement, reflecting the core brand values of Ramee Group of Hotels.

Commenting on the partnership, Saurabh Gahoi, Senior Vice President of Ramee Group of Hotels, said, “Rajkot is a dynamic city with immense economic growth and cultural vibrancy. We are thrilled to bring a premium hospitality offering to this important market. This project reflects our confidence in the region’s future and our vision to create exceptional experiences for our guests. We look forward to building a landmark destination together with Mr. Bhupat Bodar.”

Speaking on the occasion, Bodar said, “Partnering with Ramee Group of Hotels is a proud moment for us. Their strong brand reputation, operational expertise, and guest-centric approach perfectly align with our ambitions for this project. We are excited to create a hotel that will set new standards for hospitality in Rajkot and contribute to the city’s thriving economy.”

With its new hotel project in Rajkot, Ramee Group of Hotels continues to strengthen its presence in India’s growing Tier II markets. By combining modern luxury, sustainability, and local collaboration, the group aims to set new benchmarks in hospitality while contributing to Rajkot’s evolving urban landscape.

SpaceBasic’s Vision for the Future: Revolutionizing Campuses with Smart Campus Solutions

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Madhavi Shankar, Co-founder & CEO, SpaceBasic

In an era where universities are moving beyond traditional infrastructure, Madhavi Shankar is at the forefront of revolutionizing student life through smart campus solutions. As the Co-founder and CEO of SpaceBasic, Asia’s largest AI-powered platform for student housing, cafeteria management, and smart ID automation, Madhavi is transforming how campuses operate—making them smarter, more efficient, and better equipped to meet the needs of today’s students.

Recognized globally as a Forbes Asia 30 Under 30 honoree and Entrepreneur India’s Under 35 leader, Madhavi has also been celebrated by the Government of India and the United Nations as one of the 30 Women Transforming India. But beyond accolades, it’s her product-first mindset and unwavering focus on solving real-world problems that sets her apart.

In this exclusive interview with Business Review Live, Madhavi dives into how SpaceBasic is unlocking 3x cost savings and 5x operational efficiency for universities, while staying true to its core mission—empowering student success through technology that feels intuitive, not invasive. From scaling across geographies to embedding sustainability into the digital backbone of campuses, her vision for smart campus solutions is reshaping higher education from the ground up.

1. SpaceBasic has become a game-changer in campus automation. What were the early indicators that convinced you this was not just a product but a scalable solution with the potential to redefine student living and learning infrastructure in Asia? 

The inspiration behind SpaceBasic came from the everyday chaos I witnessed on campuses. Students were queuing for hours just to submit a form or request a room change. At the same time, administrators were buried in spreadsheets, phone calls, and paper logs. Campus operations clearly weren’t built to scale.

As we dug deeper, we discovered a critical insight—over 80% of universities across Asia used minimal or no digital tools outside the classroom. While the rest of the world was embracing digital transformation, campus life remained stuck in outdated systems.

That insight drove us to launch our first pilot. The response exceeded expectations. Students quickly adopted the platform and began using it daily. More importantly, university staff—initially hesitant—soon asked for more automation. This behavior shift proved that SpaceBasic wasn’t just solving a pain point; it was enabling real change.

Today, SpaceBasic powers campus operations for over 500,000 users across Asia. What began as a solution for operational chaos has evolved into a powerful platform redefining how students live, learn, and connect within campus ecosystems.

2. Given your platform’s deep integration with AI, how do you ensure that automation enhances—not replaces—human decision-making in academic and residential ecosystems? What role do you foresee AI playing in shaping the future of student experiences?

At SpaceBasic, we’re very intentional about how we use AI. It’s not meant to replace human decisions—it’s here to eliminate repetitive tasks and free up time for what truly matters.

For example, AI handles room allocation and occupancy tracking with ease. Instead of using spreadsheets or relying on word-of-mouth, our system predicts vacancies, flags double bookings, and suggests the best room assignments based on student preferences. In food management, AI uses real-time consumption data to plan meals, reduce waste, cut costs, and adapt to dietary habits.

But humans remain at the center of it all. Administrators receive smart suggestions—not fixed instructions. AI acts as a support system, helping staff focus on student wellbeing instead of routine operations.

Looking ahead, we believe AI will drive more personalized and responsive student experiences. From promoting healthier habits to optimizing campus resources, AI will help ensure no student is left behind. It’s all about building smarter, more human-centered campuses.

3. With users spanning India, Malaysia, and Vietnam, how do you adapt your product to meet region-specific challenges in infrastructure, tech readiness, and student behavior while maintaining a unified platform experience?

While core campus challenges—like manual processes, poor communication, and outdated systems—are common across Asia, how they appear varies by country. The issues we see in India are not always the same in Malaysia or Vietnam.

That’s why we built SpaceBasic to be modular. The core platform stays the same, but universities can activate features based on their digital readiness—whether that’s enabling online payments, integrating student IDs, or automating housing operations.

We also invest heavily in understanding local student behavior. From food preferences and device usage to how students interact with campus staff, these insights help us design workflows that feel natural and intuitive for users.

At the same time, we ensure a consistent user experience. Whether a student is in Delhi or Da Nang, using SpaceBasic should feel equally seamless and familiar. It’s about being regionally relevant while maintaining a unified, global standard—and we’re constantly evolving to do it even better.

4. As universities increasingly look to tech platforms to support holistic student success, how does SpaceBasicstrike a balance between operational automation and building meaningful engagement within the student community?

At SpaceBasic, our mission goes beyond automation—we aim to simplify campus life through a single, integrated platform that brings daily operations and communication together.

By automating key functions like housing, cafeteria management, payments, and access control, we give students and staff back their time. With the basics running smoothly, campuses can focus on what really matters—community, wellbeing, and meaningful connections.

Once routine admin work fades into the background, campuses can truly engage students using feedback tools, event features, real-time collaboration, and smart notifications. When staff stop firefighting and start focusing on experience, the entire campus environment transforms.

That’s the real impact of automation—and that’s the layer SpaceBasic is proud to enable.

5. Sustainability is becoming integral to campus operations. How does SpaceBasic contribute to universities’ green goals, and what innovations are you exploring to make student housing and cafeterias more sustainable through data insights and automation?

Sustainability is no longer a choice—it’s a necessity. At SpaceBasic, we believe technology can drive that change across campuses.

Our platform helps universities reduce waste and optimize resources using automation and real-time data. In cafeterias, we track consumption patterns to cut food waste and align meal planning with actual demand. Some campuses have reduced overproduction by up to 30% just through better visibility.

In student housing, we’re developing tools that monitor occupancy trends and utility usage. These insights help campuses improve room allocations and lower energy consumption. Our smart access control also limits unnecessary movement, making buildings more efficient.

Looking ahead, we’re building advanced sustainability dashboards. These will allow universities to track their carbon footprint across housing and dining in real-time—and act on it. At SpaceBasic, we’re focused on making sustainability practical. We help campuses go green—without adding complexity.

6. Universities, especially in Asia, can be complex when it comes to procurement and adopting new tech. What have been the biggest hurdles in driving adoption of SpaceBasic, and how have you tackled resistance to change among institutions?

One of the biggest challenges we’ve faced is institutional inertia. Many campuses still rely on outdated systems and manual workflows, making change feel risky or overwhelming.

At SpaceBasic, we tackle this by starting small. We focus on solving one clear pain point—like room transfers or meal planning—and deliver quick, visible results. Once teams see the value, they’re more open to scaling the solution.

We also work hand-in-hand with campus staff during onboarding. It’s not just about rolling out software—it’s about making the transition smooth and supportive. By co-creating workflows and keeping the platform user-friendly, we reduce resistance and build trust. Ultimately, adoption happens when technology feels like a helping hand, not another hurdle. That’s the experience we strive to deliver.

7. You speak about 3x cost savings and 5x operational efficiency. Could you unpack how you measure this impact and how those metrics have evolved with the platform’s growth?

When we mention 3x cost savings and 5x operational efficiency, it’s not just marketing—it’s based on real results from our partner universities.

SpaceBasic helps cut costs by reducing food waste, minimizing manual work, and replacing outdated, paper-based processes. For instance, one university using our cafeteria module lowered food overproduction by nearly 30% by syncing meal planning with real-time student attendance and preferences. That not only saves money but also supports sustainability goals.

On the efficiency front, tasks like room assignments, check-ins, and maintenance requests now take minutes instead of days. Some campuses have seen up to an 80% drop in admin workload for key processes.

As more data flows through the platform, our AI and analytics continuously improve. We also provide each university with an impact dashboard to track real-time savings and efficiency gains. At its core, it’s not just about numbers—it’s about removing friction, saving time, and helping campuses shift focus back to what truly matters: the student experience.

8. Post-pandemic, there’s a growing focus on hybrid and resilient educational infrastructure. How do you see digital-first platforms like SpaceBasic influencing the design and operation of future campuses—from planning to day-to-day management?

The pandemic changed how universities view infrastructure. It’s no longer just about buildings—it’s about how flexible and responsive those spaces are.

Digital-first platforms like SpaceBasic now form the backbone of modern campuses. We’re not just integrating into legacy systems; we’re reimagining how campuses operate. Real-time data on room occupancy, cafeteria usage, and student flow empowers universities to plan smarter—optimizing space, energy, and staffing.

Operationally, it’s about building resilience. Whether students are learning on-site or remotely, SpaceBasic keeps housing, access, payments, and communication running seamlessly—ensuring continuity through any disruption.

Looking forward, campuses won’t just add tech—they’ll be built around it. With automation, AI, and real-time insights at their core, universities can become more student-focused, sustainable, and future-ready.

9. As SpaceBasic expands across countries, how do you ensure that rapid scaling doesn’t compromise your core mission of empowering student success and operational sustainability?

At SpaceBasic, scalability is fundamental—but we believe true growth should never compromise our mission: supporting student success and driving operational sustainability.

Our platform is modular and API-first, enabling universities to customize their experience while preserving a consistent, unified interface. This design allows us to expand rapidly across geographies—like India, Malaysia, and Vietnam—without sacrificing value or adding unnecessary complexity.

To maintain quality, we’ve built robust onboarding and customer success systems that ensure every institution sees real, lasting benefits—not just new features. Our key performance indicators focus on adoption, engagement, and retention—not just revenue growth.

What truly powers our scale is real-time feedback and data. Each new campus enriches our platform, allowing us to improve performance and usability with every deployment. That’s the power of SaaS done right.

For us, scaling isn’t about vanity metrics—it’s about delivering measurable, meaningful outcomes at every step.

10. As a woman entrepreneur in the deep-tech and education space, what unique perspectives or approaches have you brought to leadership, and how do you see your role in inspiring the next generation of women innovators?

At SpaceBasic, I’ve always taken a product-first approach—rooted in solving the real, everyday challenges faced by students and campus teams. This means listening closely to user feedback, simplifying complex workflows, and building technology that’s intuitive, human-centered, and impactful. For me, innovation is only meaningful when it creates tangible change—and that’s what drives long-term success in education technology.

To the next generation of innovators—especially women—I want to share this: you don’t need to be the loudest voice in the room to lead with strength. Purpose-driven leadership, constant curiosity, and surrounding yourself with people who challenge and inspire you—that’s what creates resilient, visionary teams. These values have shaped my journey, and they’re the kind of leadership principles I strive to live by every day.

Amazon’s Zoox to ramp up robotaxi production for U.S. expansion

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Jesse Levinson, Co-founder & CTO, Zoox

Amazon’s autonomous vehicle startup Zoox plans to boost production next year as it prepares for the commercial launch of its robotaxi fleet in the United States.

To support this expansion, Zoox will open a new facility in California’s Bay Area, extending its operations beyond its current limited production site in Fremont, co-founder Jesse Levinson stated.

The new site will enable the startup to scale up its fleet, which currently includes around two dozen custom-designed test vehicles operating in six U.S. cities, Levinson added.

The company aims to begin offering public rides in Las Vegas later this year, with San Francisco to follow. The new facility will help Zoox get “ready to make hundreds and then thousands” of its custom-built robotaxis.

Automakers such as Tesla and Waymo, a subsidiary of Google, are actively developing autonomous vehicles for the growing robotaxi market. In the past, U.S. auto regulators have launched investigations into self-driving systems used by GM’s Cruise, Waymo, and Zoox.

As competition in the autonomous vehicle sector intensifies, Zoox’s expansion efforts signal Amazon’s strong commitment to entering the robotaxi market. With plans to scale production and launch public rides in major U.S. cities, the startup is positioning itself as a key player in the future of urban mobility—despite ongoing regulatory scrutiny facing the industry.

CYSEC MENA 2025: Bahrain Set to Host 15th Global Edition of Premier Cybersecurity Summit

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Manama, Bahrain : As MENA continues its rapid digital advancement, the focus on building secure, resilient, and future-ready IT and OT ecosystems has become a key national and industry priority. In line with this vision, CYSEC GLOBAL returns with its 15th Global Edition — CYSEC MENA 2025, set to take place on 14th May at the Crowne Plaza in Manama, Bahrain.

With a legacy of high-impact editions across the UAE, Kuwait, Oman, Qatar, and Africa, CYSEC MENA 2025 will bring together cybersecurity visionaries, government leaders, IT/OT experts, and critical infrastructure operators for meaningful conversations and cross-sector collaboration. The focus will remain on securing national digital priorities in energy, oil & gas, transportation, utilities, and manufacturing.

Some of the notable voices joining the dialogue include

·       Mubashir Malik – Head of GRC, NEOM

·       Surjeet Mahant, VP Cybersecurity, BAPCO Energies

·       Hisham Mohamad Amin, Assistant Director of Risk Management & Information Security, Bahrain Bourse 

·       Dr. Mussab Z. Aswad, Academic VP, Nasser Centre for Science and Technology

·       Dr. Mustafa Hasan Qurban—ICT Director, King Fahd Military Medical Complex

·       Ali Alzahrani – Cybersecurity GRC Manager, Saudi Electricity Company

·       Mohammed AlAbdulkarim – GM, Enterprise Resilience, Royal Commission for AlUla

·       Abdulatif Alrushaid—Cybersecurity GM, Ministry of Industry and Mineral Resources

·       Ziad Yunis – CISO, SGB

·       Hind M. Al-Boainain—Senior IT Executive, Bahrain EDB

·       Ziauddin Ansari, Head of Group Cyber Defense, Ahli United Bank

·       Hossam Yusuf, Principal, Information Security Officer, Arcapita 

View the full speaker list here: https://drive.google.com/file/d/1Ijk_VcVFZzTEMX_CJJkHwKhbEZxnVz5D/view

Key Partners:

CYSEC MENA 2025 is proud to be supported by leading regional and global organisations, including

·       Regional Cybersecurity Center – Regional Cybersecurity Partner

·       ISACA Bahrain Chapter, CREST, Women in Cybersecurity Middle East (WiCSME)—Supporting Partners

·       Nasser Centre For Science and Technology—Knowledge Partner

Industry Sponsors Include:

The summit is backed by cybersecurity pioneers and innovators such as
TxOne Networks, Delinea, KRON, Paratus, ThreatLocker, ManageEngine, Netskope, Waterfall Security, and Citadel.

Media amplification and event coverage will be supported by respected platforms including

ZexPR Wire, Mid-East Info, Arab Times News, Shabab Times, and Gazette International, among others.

The event will also host the prestigious CYSEC Awards 2025, recognizing organizations, leaders, and innovators who are setting new benchmarks in cybersecurity and technology excellence across the region. From outstanding cybersecurity strategies to pioneering IT/OT protection frameworks, the awards will spotlight the individuals and institutions shaping the future of digital resilience.

Another major highlight will be SHELEADS: Technology and Beyond, a dedicated platform celebrating women leaders across the broader technology spectrum. SHELEADS will showcase inspiring journeys, ignite conversations around leadership, and drive momentum towards a more inclusive tech industry, well beyond just cybersecurity.

For more details about CYSEC MENA 2025, please visit: https://mena.cysecglobal.com/,

or register directly at https://mena.cysecglobal.com/register/

Uber to acquire controlling stake in Trendyol GO for $700 Mn

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Uber has announced plans to acquire an 85% controlling stake in Turkey-based food and grocery delivery platform Trendyol Go for $700 million, marking a strategic move to fuel growth in emerging markets as its North American business shows signs of saturation.

The deal, expected to close in the second half of 2025, will give the company control over a platform that currently operates nationwide, delivering meals and groceries from over 90,000 restaurants and stores through a network of 19,000 couriers.

In 2024 alone, Trendyol Go fulfilled over 200 million orders, generating nearly $2 billion in gross bookings—a 50% year-over-year increase, according to Uber’s statement on Tuesday.

Although the Trendyol Go app will continue to operate independently, Uber aims to gradually integrate features from its Uber Eats platform, enhancing its service offerings in the region.

This acquisition comes shortly after the transportation company withdrew its $950 million bid to acquire Delivery Hero’s Foodpanda Taiwan, following regulatory pushback and antitrust concerns from Taiwanese authorities.

Meanwhile, competition in the global food delivery market continues to intensify. On the same day, DoorDash announced its acquisition of Deliveroo in a deal valued at £2.9 billion ($3.85 billion), aiming to strengthen its foothold in Europe against rivals like Just Eat and Uber Eats.

As Uber prepares to report its first-quarter earnings on Wednesday, the company is emphasizing diversification—expanding delivery services and forging partnerships in autonomous vehicle technology—to reassure investors of its long-term growth prospects.

Uber’s $700 million acquisition of an 85% stake in Trendyol Go underscores its commitment to expanding beyond core markets and strengthening its global delivery footprint.

By entering Turkey’s rapidly growing delivery sector, the company not only diversifies its revenue streams but also positions itself strategically against intensifying competition from players like DoorDash. As the company eyes sustained global growth, this move signals a broader push to capture emerging market potential and adapt to shifting industry dynamics.

Brookfield India REIT posts strong Q4 FY25 with Rs 488.5-Cr NOI, up 16% YoY

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Alok Aggarwal, CEO and MD of Brookfield India Real Estate Trust

Brookfield India Real Estate Trust reported a 16% year-on-year increase in net operating income (NOI), reaching Rs 488.5 crore for the quarter ending March. In the same period last year, its NOI stood at Rs 422 crore.

The company also declared a distribution of Rs 319.1 crore (equivalent to Rs 5.25 per unit) to unitholders for the March quarter, reflecting a 10.5% rise compared to the fourth quarter of FY24, as per its regulatory filing.

For the full fiscal year 2024-25, Brookfield India REIT’s NOI rose by 37%, climbing to Rs 1,854 crore from Rs 1,350 crore in the previous year.

The company announced total distributions of Rs 1,053.7 crore (Rs 19.25 per unit) for the last fiscal year, marking an 8.5% increase compared to the 2023-24 financial year.

“Our fiscal 2025 has been a remarkable all-round performance, delivering strong leasing, double-digit same-store growth, higher distributions, and a marquee acquisition,” said Alok Aggarwal, CEO and Managing Director, Brookfield India Real Estate Trust.

“Our Rs 47 billion of capital issuance reflects investor confidence in our long-term strategic vision. With 2 million square feet of ongoing conversions in our SEZ properties and a robust leasing pipeline, we are well-positioned for sustained growth over the next year,” he added.

Brookfield India Real Estate Trust secured gross leasing of approximately 3 million square feet, comprising 2.2 million square feet of new leases and 0.8 million square feet in renewals.

Over 50% of the leasing activity took place in SEZ properties, reflecting a steady recovery in demand, according to the company.

Brookfield India REIT currently manages 10 Grade A assets across Delhi, Mumbai, Gurugram, Noida, and Kolkata.

Brookfield India Real Estate Trust continues to show strong performance, with significant growth in net operating income, strategic leasing activity, and increased distributions to unitholders. The company’s focus on high-demand sectors such as SEZ properties and its portfolio of Grade A assets in key Indian cities positions it well for sustained growth in the coming years.