InCred, a new-age financial service platform, has announced that it has successfully closed its second issue of covered bond for Rs. 75 crores. The issue is yet another milestone in InCred’s diversified liability strategy. The deal recorded strong participation from investors across the spectrum – family offices, ultra HNIs, corporate treasuries and other NBFCs. This…
Pioneers of the sleep-tech movement in the country as well as Asia’s first and only grid-based mattress makers, The Sleep Company, today introduced Bollywood megastar Anil Kapoor as its first-ever, official brand ambassador. With an aim to elevate the sleep experience of customers across the country, the D2C sleep solutions brand looks to amplify its…
Zoomcar, the world’s largest car-sharing platform for emerging economies, has begun operations in foreign markets. Zoomcar, which dominates India’s self-drive car rental sector, has moved into Southeast Asia and the Middle East, appointing national leaders in the Philippines and Egypt to help boost its operations. Hany Olama will head Zoomcar’s activities in Egypt as Vice…
International Media Acquisition Corp. (Nasdaq: IMAQU) (the “Company” or “IMAC”) today announced the closing of its initial public offering of 20,000,000 units. The units were sold at a price of $10.00 per unit, resulting in total gross proceeds of $200,000,000, prior to deducting underwriting discounts, commissions, and other offering expenses. Each unit consists of one…
Mantra Data Centers , an independent data center platform and wholesale colocation provider has announced significant investment plans across India. MDC will design, build and operate state-of-the-art Data Center facilities with an initial IT load of 20MW in each of the key data hubs: Mumbai, NCR (Delhi), Chennai, Bangalore, Hyderabad and Kolkata. The total addressable Indian Data Center market is estimated to…
The pandemic has changed the way business is done. This unforeseen contagion confined us to our houses and forced businesses to see digital media in a new light. Brands have explored digital media like they never did before. It might have been a last resort but now digitization seems to be the way forward. The…
3SC , a Gurgaon based Next Gen Supply Chain planning & logistics company, has raised $15 M in Series-B funding led by GEF Capital’s South Asia Fund. Prior to this, the company has raised angel funding in 2013 -14. The fund raise will be used to scale 3SC’s domestic business and augment its geographical reach…
Ruchika Gupta, earlier an AVP- Marcomm at Luminous Power Technologies has been promoted to Chief Marketing Officer at Luminous Power Technologies. Ruchika will now lead the marketing function and will also report to Vipul Sabharwal, MD, Luminous Power Technologies. In her new role, she will cover aspects like overseeing brand management, digital consumer experience, and…
Audi Ahmedabad made a giant leap in its journey of electric mobility with the launch of 3 electric SUVs – the Audi e-tron 50, Audi e-tron 55 and Audi e-tron Sportback 55. Powered by two incredibly dynamic electric motors in the front and rear, the Audi e-tron and the Audi e-tron Sportback offer a completely novel driving…
93.5 RED FM, India’s leading private radio and entertainment network today announced the return of South Side Story. An event that showcases and celebrates the flavours of South India. Not just music from the finest artists and bands, the digital festival also brings food, shopping, memorabilia and much more for audiences to enjoy from the comfort of their homes….
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