Thursday, April 30, 2026
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Infibeam Avenues to consolidate international business

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A fintech and payment infrastructure company, Infibeam Avenues Ltd, has stated that it is restructuring and streamlining its international business to better target and grow the global digital payment gateway infrastructure market.

The three fully-owned international subsidiaries of the company, Infibeam Avenues Australia Pty Ltd (Australian market), AI Fintech Inc. (USA market), and Infibeam Avenues Saudi Arabia for Information Systems Technology Co (Saudi Arabia market), will be transferred to Infibeam Avenues Ltd’s UAE-based wholly owned subsidiary, Vavian International Ltd, which is the second largest payment aggregator in the UAE, and will then become a step-down subsidiary of the company.

The company announced that the consolidation of the international business had received board approval. 

The company intends to actively promote its flagship brand CCAvenue, an Indian provider of infrastructure for digital payment gateways, to expand its global presence in digital payments.

“CCAvenue is the second largest payment aggregator in UAE and rapidly expanding in the MENA region processing payments at an annual run-rate of AED 12 billion. To keep pace with the emerging potentials & requirements of the international market for digital payments infrastructure, the consolidation of international business out of UAE will be a crucial step in our pursuit to become a global fintech & payment infrastructure company,” Vishal Mehta, managing director, Infibeam Avenues Ltd.

Currently, the international business contributes 6% to Infibeam Avenues Ltd’s total revenue as per the FY 2021-22 annual report.

Qwikcilver Solutions completes merger with Pine Labs

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Merchant commerce omnichannel platform Pine Labs announced the completion of the merger of Qwikcilver Solutions, leading to the consolidation into a single legal entity – Pine Labs Private Limited.

Qwikcilver’s existing products, solutions, platforms, and programs will continue to run without affecting users. Furthermore, Pine Labs will continue to issue co-branded prepaid payment instruments (PPIs) with the Qwikcilver brand under the same name.

“Qwikcilver and Pine Labs have established strong business synergies post the 2019 acquisition. The formal merger will strengthen the association and bring innovation and growth to our issuing business in India and our focused international markets. We will continue with our industry-leading solutions on prepaid issuing for enterprises, including gift card, rewards, incentives, and several other stored value programs,” said Kumar Sudarsan, president of Issuing Business, Pine Labs. 

For the issuance, acceptance, and distribution of prepaid, stored value, and gift cards, Brand Qwikcilver provides a fully integrated digital platform and solution. It provides services to leading global airlines, e-commerce platforms, retail stores, large corporations, the hospitality industry, and the healthcare sector, to name a few.

Softbank-backed Meesho records 80% increase in sales on day 1 of festive season sale

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Meesho, an e-commerce firm backed by Softbank, reported on Saturday that the first day of its five-day holiday sale saw close to 87.6 lakh orders, an increase in sales of about 80%. Around 85% of orders were placed in Tier 2, 3 and 4 cities on the first day, the company reported in a statement.

“Meesho clocked a record around 87.6 lakh orders on the first day of its flagship festive sale event – the Meesho Mega Blockbuster Sale. This is the highest number of orders recorded by the company in a single day – up about 80 per cent from day one of previous year’s sale,” the statement said. 

The company has received orders from the country’s deep corners, such as Jamnagar, Alappuzha, Chhindwara, Davengere, Hassan, Gopalganj, Guwahati, Siwan, Thanjavur and Ambikapur.

“With a wide assortment of around 6.5 crore active product listings at lowest prices, the sale exemplifies Meesho’s mission towards democratising e-commerce for everyone,” it said.

Consumers purchased everything from sarees to analogue watches, jewellery sets, mobile cases and covers, bluetooth headphones, choppers and peelers in record volumes to fulfil their festive shopping aspirations, according to the company. Fashion, beauty & personal care, home & kitchen, and electronic accessories were the top-selling categories on day one.

“With around 85 per cent of orders and approximately 75 per cent of sellers coming from Tier 2 and beyond cities, we are humbled to have created a far-reaching impact in the deepest corners of the country.

“We will continue to fuel the discoverability of hyperlocal businesses and products, empower MSMEs and further boost accessibility and affordability for our heterogenous base of consumers,” Meesho CXO for Business Utkrishta Kumar said.

Edelweiss Wealth Management hiring in Singapore, Dubai for the first time

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With its expansion plans focused on the key markets of Singapore and Dubai, Edelweiss Wealth Management, majority-owned by alternative asset manager PAG, is prepared to diversify for the first time outside of India. 

Alok Saigal, its president and head, said in an interview in Singapore that the Mumbai-based company’s private banking unit expects to add up to eight bankers across both cities over the next 12 months as clients favour these locations for their businesses and lifestyle. It currently intends to nearly increase this to $50 billion in five years with 20% of the assets to be offshore, he said, from its current $28 billion in assets under management and 140 bankers in India.

“We are very confident in India’s growth,” said Saigal, who was also interviewing candidates during his visit this week to the city-state. Singapore offers a “rare element of safety and stability.” At the same time, he said that Dubai is a major trading hub where wealthy Indians like to buy properties and use them as a gateway to North Africa and Europe. Besides the two cities, Saigal is also eyeing growth in London and Europe.

The company’s approach comes two years after Hong Kong-based PAG acquired a stake in Edelweiss, a reference to India’s expansion that has since seen the country’s economy overtake the UK to become the fifth largest in the world.

According to a survey released this week by Credit Suisse Group AG, the number of millionaires in India, where Gautam Adani recently beat Jeff Bezos to become the second-richest person in the world, is predicted to double to 1.6 million by 2026. 

In addition to hiring, Edelweiss seeks to expand its partnerships with businesses in Europe and Asia to support the expansion of its offshore operations. For example, it partnered with the Bank of Singapore to give its Indian clients access to the private bank’s offerings in 2019. 

Even though India continues to be stringent about regulating outflows—individuals are only permitted to bring $250,000 outside the country annually—many wealthy clients already have international enterprises, which makes Edelweiss’ plans achievable, according to Saigal.

“Demand is not a problem,” he said.

Nestle to invest ₹5000 cr to build capacity, brands in India: Mark Schneider

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The world’s biggest packaged food company, Nestle, plans to invest ₹5,000 crores in India by 2025, according to Mark Schneider, the company’s CEO. Schneider said at the company’s India headquarters in Gurugram that the new investments show the company’s intentions to expand and speed up business in the country.

Schneider was on a week-long visit to India, which the company counts among its top 10 markets.

“When you look at the investment in this country and the investment plan through 2025, we’re talking about ₹5,000 crore and that compares to ₹8,000 crore over the last 60 years when we started manufacturing in this country,” he said.

The company will invest in expanding capacity and establishing its brand in the marketplace.

Schneider said Nestle has been in this market for 110 years, but until the early 1960s, it was essentially a sales and marketing organisation. “I think in 1961 we started our first manufacturing site and so in that whole time period it’s been ₹8,000 crore. And now the next three years it’s ₹5,000 crore. So that gives you a sense of things accelerating, ramping up. That’s the high level one, but it’s not capex and investment alone. I think it also goes into a whole lot of development items and brand building and you know meaningful contributions on the ground,” he said.

According to top company executives, the maker of Maggi noodles would grow capacity across categories. Nestle India has nine factories in the country.

Additionally, the investment will help the company create “significant” direct and indirect job opportunities.

“Look it is going to be secular across a categories so it’s not going to be in particular categories. These are the ambitions that we have as a company, in terms of making it across categories, probably looking at new locations for factories as well,” Suresh Narayanan, chairman & managing director of Nestle India, said.

WB Hotels bags INR 40 million for the brand’s development and growth

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WB Hotels, the Indian online tech-based hotel brand, has raised INR 40 million from its existing investors and will be using the funds to enter new markets, strengthen senior leadership roles, and towards skill upgradation, AIML and RPA-based tech development.

The brand plans to take ownership of 100,000 rooms by 2023 to join the coveted one-lakh club. This pioneering fraternity, led by Chandan Pandey, co-founder and CEO, and Aman Gupta, founder, hopes to support every budget-friendly hotel in the country with HR, finance, and technology. 

The travel-tech company presently has 950+ hotels, 20,000+ rooms, 27+ States, and 150+ locations, and it also plans to go public in the next four to five years.

Sharing his vision and thoughts, Chandan Pandey, Co-Founder & CEO, WB Hotels, said, “WB Hotels’ technology will resolve the real time problems of budget hotels. Since all the latest technology is beyond the reach of budget hotel owners, we are here to make them a part of the fastest growing travel technology revolution. The brand also boasts its own mobile app & websites to make hotel reservations effortlessly with the help of Artificial Intelligence & Machine Learning based rate fetching technology.”

Fintech startups are assisting merchants in keeping up with massive festive rush

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A booming e-commerce sector is the outcome of the massive adoption of digital technology that the Digital India movement has sparked. However, growth patterns show that rising input costs put businesses and brands under pressure due to increased customer demand. Like this, MSMEs—the micro, small, and medium-sized businesses that make up the economy’s foundation—are searching for new funding sources for their working capital. And this is where many newcomers with access to technology enter the picture. 

For instance, Klub, a finance startup, assists companies in obtaining quick, flexible, and founder-friendly capital. The startup uses technology and data to offer businesses a smooth fundraising experience with a team of fintech, investment banking, venture capital, and technology professionals.

“Needless to say, the festive season is important for consumer brands in India,” said Anurakt Jain, co-founder & CEO at Klub.

Unlike most developed countries, where the holiday season is often focused around Black Friday, in India, it lasts for multiple weeks and months, necessitating the development of various marketing strategies by brands.

“What we have noticed is that brands do have an intent to plan but a lot of under planning also happens in terms of demand, people, and resources due to which brands miss out on the topicality of the festive season,” said Jain. “Generally, most of the brands see growth of 20x in their revenue in the festive season but how many of these brands can sustain that uptick is the real question. Smart brands that plan ahead in time do see remarkable growth post the festive season as well and maintain the influx of demand to increase their revenue month-on-month.”

Additionally, startups like GetVantage use revenue-based financing, a data-driven strategy to finance early-stage startups and small and medium-sized enterprises. It mostly provides funding to companies in exchange for a percentage of their gross revenue.

“Consumer demand is back in force as economies bounce back post-Covid. As we look ahead at the festive season, we are seeing increasing interest from D2C brands looking to double down on marketing and inventory in order to ramp up and meet expected demand from consumers,” said Bhavik Vasa, founder at Mumbai-based GetVange. “Our revenue-based financing fintech platform has become the preferred partner for hundreds of D2C brands in the last two years as they look to tap into founder-friendly, equity-free working capital alternatives to supercharge growth.”

Lavna Locks brings new advanced technology security to your homes

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L-A24 Elegance Redefined

With changing times, technology is taking over every aspect of our life. Disruptions and mishaps occur in daily life, possibly due to burglary, or sometimes you misplace objects like your house or office keys. This is where LAVNA locks are beneficial because they attend to your needs with the utmost security.

Numerous kinds of locks are available in the market, offering you the same security that ordinary locks claim to provide. Lavna locks stepped up and introduced locks that provide effortless management on your part.

LAVNA locks are built for comfort and convenience with A-one security features that come with an easy installation process. Lavna Locks L-A24-Black and Rose Gold (Bluetooth) is accessible with one click and includes all six in-one features, i.e. fingerprint sensor, PIN, RFID, OTP unlocking, Bluetooth unlocking and Manual key access for wooden doors. Along with this, the fingerprint sensor is on the top rather than the handle, which helps keep the wire in place and thus increases the life of the lock. It also comes with a WiFi option, and for sure, the appearance of the product is flattering and eye-catching.

Fit for both your wooden door and the metal door and can be installed from both left and right sides, both inside and outside of the door handle. Customers can easily install lavna locks by following youtube tutorials available on their youtube channel, or you can contact lavna locks for installation services at your location.

Lavna created these digital locks for the sole purpose of superior security and considering the customers who seek instant results from the products. Lavna locks deliver trust and guarantee the security of your home and offices.

Priced at 10,599— and available on Amazon and through the LAVNA website.

Hustlers Hospitality opens its first QSR in Mumbai

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Hustlers Hospitality, a cloud kitchen company, based in Mumbai with 24 active in-house brands, 550 internet restaurants, nine central hub kitchens, and one cloud kitchen experience centre in India, has announced the opening of their first quick service restaurant (QSR) in Oshiwara, Mumbai, under the name “KO Fried Chicken.” 

Hustlers Hospitality entered the rapidly growing QSR market by introducing “KO Fried Chicken” to transform the current industry. Having begun operations in 2020, Hustlers Hospitality has collaborated with more than 550 internet restaurants across India and has consulted over 100 cloud kitchen entrepreneurs and brands.

The newly launched brand is evidence of India’s diversifying food service business, which now offers home deliveries, dine-ins, and takeaways. Additionally, it fills gaps in popular meal categories for Indian diners. In the following 12 months, Hustlers Hospitality also intends to launch two other QSR brands in light of the Demand & Growth in the Cloud Only Delivery space.

With the backing of INR 7 crore in the seed round, the company acquired a 31 percent stake in My Cloud Kitchen, a cloud kitchen consulting firm.

Hustlers Hospitality has cloud kitchens in 20 locations in Mumbai, Pune, Bangalore, Hyderabad, Chennai, Udaipur, Kota, Lucknow, Surat, Ahmedabad, Coimbatore, Kochi, Vijayawada, Visakhapatnam, Nashik, Bhopal, Ludhiana, Chandigarh, Patna and Darbhanga.

Traya Co-founder: Saloni Anand

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  1. Would you please tell us more about yourself and your journey as the Founder of a modern health & wellness start-up?

I grew up in a “Hum educated service class hai!” family. My mother is a doctor, and my dad’s a loyal employee of a Pharma company. After pursuing my Computer Science Degree from Cummins College of Engineering, I worked in Healthcare for 4 years. I’ve always wanted to become an entrepreneur! That is the reason I took up a job in a start-up but never had any clue on how to get started. Had I been alone, I would keep dreaming and never started. But, it all changed when I met Altaf, who was running a food start-up. I still remember the day I went and told my grandmother I was starting a company; she asked concernedly if the market was too bad and I was not getting a job!

  1. India has a lot of brands that sell the “natural” way of combating health issues, hair-care included. In fact, one would say that it is a market with extremely high competition. What makes Traya unique? And what is your take on the competitiveness of space?

In the race to hop onto the next “natural hair fall trend”, brands forget that a one-product approach never works for all. Hair fall is triggered by a number of internal factors like stress, improper diet, irregular sleeping patterns, a weak metabolism, a poor metabolism, or even underlying health conditions like thyroid, PCOS, and more. At Traya, we combine the best of Ayurveda along with Allopathy and Food Science together on one platform to identify the type of hair fall, the stage, and the real reason behind it. Based on this diagnosis, our customers are given a customized plan along with a diet plan and a coach to track their progress. Our most unique product is an Ayurvedic Nasal Drop containing Ghee and Yashtimadhu, which has helped so many people get a good night’s sleep while regrowing their hair.

All hair loss companies today in the market today are either clinics or product companies selling some magic oil, shampoo or serum. We are not a product company; we sell a treatment that delivers results.

Traya is the only company that brings three sciences together on one platform

Each customer at Traya gets a prescription from two doctors (Ayurveda and dermatologist) who customize the plan based on the root cause. 

We provide a very well-defined diet plan based on the internal health of the customer.

Our real work begins after the customer buys the plan. Traya provides a coach that stays in constant touch helping the customer get the desired results. Our work ends only when the customer sees regrowth. Meanwhile, we work closely to tweak the plan if needed.

  1. Traya is a digital-first hair-care solution. Could you please elaborate on what exactly your offerings include?

After starting Traya, we realized that more than 90% of hair fall cases (genetic or not) occur due to internal triggers, including hormonal imbalances and nutritional deficiencies. We try to switch the notion of people from shampoos and serums to a doctor-prescribed treatment bringing 3 sciences together to deliver hair regrowth within 5 months. Traya Dx is an online hair diagnosis that identifies the root causes behind hair fall and customizes a treatment plan for them. Each case is analyzed and customized by a team of experts – a Dermatologist, Nutritionist, and an Ayurvedic practitioner depending on the type, stage, and cause behind their hair fall condition. We cater to Stages 1-4 of hair fall with guaranteed results and have a 93% success rate over 1.5L+ Indians. Since our treatment involves consistency, we provide a hair coach who guides the customer through their hair growth journey and helps them stay on track with regular follow-ups.

  1. Traya focuses on Ayurveda, Dermatology and Nutrition to target the cause of hair fall. Why those three sciences? Are they connected?

Hair fall is viewed as a one – dimensional approach. Many people just use dermatological products to get rid of hair fall but think about it, can an onion oil really help you with your low hemoglobin levels? This is why a combinational approach serves best. Ayurveda allows us to take a preventive approach for all internal health triggers, while clinically proven medications from Dermatology work on follicle health to promote regrowth. Lastly, a highly nutritious and well-balanced diet allows our customers to transition toward mindful eating habits that enhance hair growth.

  1. Whom would you say are your primary target audience in the years since your inception? Are you seeing more of a female base, or do you have a larger share from men with hair fall?

The average age of a Traya customer today is 28 years old. Our customers are 70% men and 30% women, probably because the signs of hair fall are easily identified in a man compared to a woman.

  1. What made you go the digital way instead of setting up retail outlets with a panel of experts? Aren’t Indians more comfortable with a physical point-of-purchase for health-oriented products?

Traya Offering was completely digitized ever since we started in 2019. We treat hair fall by combining 3 sciences – Ayurveda, Dermatology, and Nutrition and to bring out all these 3 in a clinical setup would not be possible. In the midst of a pandemic, being a completely digital service was the ideal thing to do to make the entire process hassle-free, quicker, and easily accessible to all. The biggest challenge would have been to switch the notion of people from a physical clinic to an entire treatment curated by an online diagnosis. On the bright side, we were able to cater to people facing hair fall issues anywhere in the world.

  1. With many brands diversifying their business models, do you also have any plans of moving to an omnichannel business structure?

Although we wish to move to an omnichannel business structure, our current and major focus is to acquire customers through our website. However, we are listed on Amazon.

  1. What is the way forward for Traya? Where do you see the brand in the next 3 years?

We want to be synonymous with the term hair fall and hair care and be known for our efficacy and honesty. If in India someone talks of hair fall, they should know Traya has a solution for it. We also wish to venture out into new avenues of chronic health concerns.

The ultimate goal is to get every young Indian onto the #thetrayawayoflife to manage lifestyle-triggered health issues. Today we use the Traya philosophy for hair which we hope to take to every household. In short, we wish to be synonymous with the term hair fall and be known for our efficacy and honesty.

About: Saloni Anand, Co-founder of Traya Health. India’s leading new-age health-tech start-up provides doctor-prescribed hair loss treatment to both men and women based on their concerns. Their unique approach combines the best of Ayurveda, Dermatology, and Nutrition to deliver a holistic solution for a complicated problem like hair loss. As a result, Traya health has successfully treated over 1.5L+ customers with hair loss conditions.