Business

Mumbai (Maharashtra) [India], July 10: Aelea Commodities Limited, has announced its plan to go public with an Initial Public Offering (IPO) on July 12, 2024. The company is aiming to raise ₹ 51 Crore at the price of ₹ 95 per share through this IPO, with shares set to be listed on the BSE SME platform. The issue size is Up to 53,68,800 equity shares at a face value of ₹ 10 each.  Equity Share Allocation ● QIB Anchor Portion – Up To 15,28,800 Equity Shares ● Qualified Institutional Buyers (QIB) – Up To 10,20,000Equity Shares ● Non-Institutional Investors (NII) – Up To 7,65,600Equity Shares ● Retail Individual Investors (RII) – Up To 17,85,600Equity Shares ● Market Maker – Up To 2,68,800 Equity Shares The net proceeds from the IPO will be utilized for the Setting up of a new manufacturing uni...

Jaipur, India, July 10, 2024: WsCube Tech Pvt. Ltd., founded in 2022 by Kushagra Bhatia, is a Jaipur-based EdTech company with an aim to bridge the gap in India’s upskilling ecosystem. With a concentration on vernacular languages, its team has helped over 2.5 lakh career aspirants develop the skills they need to succeed in the job market. “We understand the challenges faced by job seekers in India,” says Kushagra Bhatia. “Limited resources and the lack of top-notch skill mentorship in their native language often create a barrier to success.” This is where WsCube Tech steps in. Upskilling Bharat WsCube Tech aims to empower learners across India with the knowledge and skills required to excel in the most demanding and high-paying careers of the digital era by providing tech-enabled and job-o...

New Delhi (India), July 10: ACME Group, India’s leading financial services institution, announced a monumental milestone with the successful first close of funding for its pioneering CAT II Alternate Investment Fund “Connect”, dedicated to India’s high-growth Animation, Visual Effects, Gaming and Comics (AVGC) sector. Securing the first funding from leading investors for the 300 Crore INR ‘Connect Fund’ marks the Group’s entry into this strategic industry brimming with creativity and exponential growth potential.   Led by industry veteran Ramon Talwwar, MD & CEO of ACME Group, “Connect” aims to accelerate the meteoric rise of India’s AVGC sector on the global stage. “As one of India’s leading wealth management firms, we are thrilled to turn the spotlight on the country’s talented AVGC ...

Mumbai (Maharashtra) (India) July 10: GoWheelo, a pioneering Mobility as a Service (MaaS) company, is set to transform the transportation landscape in India with its innovative bike and car rental platform. By addressing key challenges in the sector, GoWheelo is offering affordable, independent transportation options to millions of commuters who rely on cabs, autos, and metros for their daily travel needs. Unique Features of GoWheelo’s Platform: 1. Asset-Lite Model: GoWheelo operates as a 100% asset-lite company, aiming to fill the void in the transportation sector by providing hourly, daily, and monthly rental options. This approach not only makes transportation more accessible and affordable but also reduces dependency on traditional modes of transport. 2. Aggregator Platform: As an aggr...

Mumbai (Maharashtra) [India], July 10: Three M Paper Boards Ltd, a Mumbai based company engaged in the business of manufacturing Recycled Paper-based Coated Duplex Board products since over 3 decades, is planning to raise up to Rs. 39.83 crores through its SME IPO. Shares of the company will be listed on the SME platform of BSE Ltd (BSE SME). The public issue open for subscription on July 12 and closes on July 16. Funds raised through the issue will be used for business expansion including purchasing machinery, factory building extension, repayment of loans, working capital infusion and general corporate purposes. Comfort Securities Limited is the Book Running Lead Manager to the issue. Company is offering 57.72 lakh Equity shares of Rs. 10 each in the price band of Rs. 67-69 per share; Co...

New Delhi (India), July 10: In a significant stride towards revolutionising the Animation, VFX, Gaming, and Comics (AVGC) sector in India, ACME Group proudly announces the successful closing of the first round of funding for its ₹300 Crores CAT II Alternate Investment Fund (AIF) named “Connect.” The project has secured impressive funding from investors, marking a pivotal moment in India’s financial and creative landscapes. A Leap Forward in AVGC The AVGC sector, recognised by the Indian Government as a critical area of focus, is currently valued at approximately $4 billion and is projected to triple to $12 billion by 2030. This sector’s rapid growth, fueled by the burgeoning demand for digital media, immersive gaming, and innovative entertainment content, is further accelerated by technolo...

New Delhi (India), July 10: In a major endeavour to boost Japanese investment in Indian startups, Sairee Chahal, Founder of Mahila Money, and Appreciate Capital in collaboration with TRTL Ventures, hosted delegations from Japan to strengthen cooperation in business and startup investment between the two nations. The event was attended by a delegation from Entrepreneurs’ Organization (EO Japan), Hideyuki Hongo of Startia Holdings Inc.; Yasuyuki Aisu of SegueGroup Co. Ltd.; Shinichiro Naito, Findstar Group Co., Ltd; Kazuhiro Goto, D-Pops Group Co. Ltd; Kunihiro Tanaka, SAKURA internet Inc; Hirotaka Yoshida, Yumenosora Holdings Inc; Takashi Yamazoe, Cosmo Beauty Co., Ltd.; and Ayatoshi Yoshizumi, Cloud Ace, Inc. The event which witnessed enthusiastic participation from leading business owners...

Jaipur (Rajasthan) (India) July 9 : Leading server management and IT solutions company SupportFly recently announced new development services along with digital marketing services. This strategic move aims to meet the evolving needs of businesses seeking end-to-end digital solutions. Innovative App and Web Development Solutions SupportFly’s new app and web development services are designed to help businesses create robust, scalable, and user-friendly applications and websites. Using cutting-edge technologies and best practices, SupportFly’s development team is equipped to handle projects of any size and complexity. From concept to deployment, the company offers a full spectrum of services, including custom app development, responsive web design, e-commerce solutions, and more. “Launching o...

New Delhi (India), July 9: India is the world’s sixth-largest retail hub, with a rapidly expanding sector across major and smaller cities. In February 2024, retail inflation, measured by the CPI, was 5.09% year-on-year. Organized retail, which makes up 12% of the market, is growing at 10% annually, leading to the development of about 120 million sq ft of retail space in major cities. Optimal Retail Pvt Ltd, the nation’s first organised food and grocery retailer, excels by providing affordable, quality products and meeting consumer needs. Indian Organised Retail Industry Challenges In India, despite the rapid growth of organized retail, over 90% of the retail sector remains fragmented, dominated by traditional family-run and corner stores. These unorganized shops operate with minimal overhe...

Chennai (Tamil Nadu) (India), July 9 : In an astounding display of business acumen, Mr. Amit P Nahar, a distinguished business coach, has generated over 1446Cr+ for his clients in the past 15 months. With growth rates ranging from 50% to a staggering 500%, Amit P Nahar’s expertise has transformed the fortunes of manufacturers, refineries, rice millers, traders, realtors, hoteliers, educationists and service professionals impacting more than 5000 businesses globally. Amit P Nahar, a Chartered Accountant and Master of Financial Management, is more than just a coach. As a serial entrepreneur, he has successfully built multiple 7-8 figure passive income businesses. For over 20 years, he has partnered with thousands of entrepreneurs worldwide, co-creating success across a diverse range of indus...