STPI Selects 40 Indian Startups for US Exposure Under their "Building the Next Unicorn" Initiative

A report “Start-Up Ecosystem Beyond Tier 1 cities”, prepared by STPI, was launched by hon’ble Union minister Ashwini Vaishnaw.

Shri Ashwini Vaishnaw, Hon'ble Minister of Railways, Communications, Electronics and IT, Government of India today inaugurated the National Conclave of "Building The Next Unicorn", a joint start-up initiative of Software Technology Parks of India (STPI) and Electronics and Computer Software Export Promotion Council (ESC) here. Under this program, 40 startups were selected for “Mission to USA”, where they will be provided with an opportunity to visit the USA, coinciding with a leading Tech Event, for exposure to the world’s largest market for tech-based products and services.

The selected startups will also get an opportunity to interact with investors and venture capitalists in and around San Francisco, USA. The ESC-STPI initiative aims to not only support Indian tech startups but also enable them to compete on the global stage with the crème de la crème of international startup firms.

Speaking on the occasion Shri Ashwini Vaishnaw, Hon'ble Minister of Railways, Communications, Electronics and IT, Government of India, inspired the attendees of the event with his visionary thought leadership and said, “With various government initiatives and support, the start-up culture in India is witnessing a paradigm shift. Indian start-up ecosystem has now become a technology consumer to a technology producer. Change in momentum has been witnessed in various sectors in our country. There is a manufacturing growth across sectors and job creation in the digital economy is seeing an upward trend.”

He also highlighted that “55 lakh direct jobs have been created in IT/ITES sector, 30 lakh in electronics manufacturing & 8 lakh in start-ups. By 2024, the government is planning to provide 1 crore job opportunities.”

STPI Director General, Shri Arvind Kumar, said, “The agility with which government and STPI are working to break the silos and creating an institutional mechanism to support startups pan India through its CoEs and NGIS schemes is commendable. The next great story will be written in these non-metropolitan cities, and it is our solemn duty to provide promising entrepreneurs with the tools and skillsets to excel and achieve their greatest potential. STPI is transforming the start-up ecosystem in the country with its 63 centres, out of which, 53 centres are in tier 2 & tier 3 cities for nurturing ideas and providing technical support.”

The event also witnessed the launch of a special report “Start-Up Ecosystem Beyond Tier 1 cities”. The report is a part of the STPI Knowledge-Up Series and will be an apparatus for transforming India into a new hub for innovation and entrepreneurship.

Shri Gurmeet Singh, Executive Director, of the Electronics and Computer Software Export Promotion Council, in his welcome address said, “We aim to identify and empower promising start-ups from the tech space in India and connect them to the best industries so that they can reach global markets. Our journey started with support from the Ministry of Commerce and Industry and the Ministry of Electronics and Information Technology. This helped us build a three-tier model comprising State conclaves, National conclaves and Internationals conclaves. We endeavoured to go beyond metropolitan cities and cover the length and breadth of the country to identify 700 start-ups. After due diligence, 300 start-ups were selected for the State conclave, while 115 start-ups would be selected for National conclave and 40 start-ups will be selected for global markets exposure in the US and further empowered with American investors and technologies."

Ex-Flipkart SVP Founded Flash Raises $5.8 Mn in Seed Round from Global Investors and Marquee Angels

Founded by former Flipkart SVP, Ranjith Boyanapalli - Flash’s seed round witnessed participation from Global Founders Capital, White Venture Capital, Zinal Growth, Binny Bansal, Kunal Shah, and Arpan Sheth among others.

• Introducing a first-of-its-kind digital shopping identity to enhance the experience of power shoppers globally
• To mitigate hassles around post-order experience, lack of rewards, and cluttered communication for online shoppers.

With the mission to revolutionize the online shopping space globally, Flash, (Flash.co) announced raising $5.8 Million in a Seed round led by global funds like Global Founders Capital (GFC), White Venture Capital (a fund by Jitendra Gupta & Amrish Rau), Zinal Growth, Soma Capital, Emphasis Ventures, Peer Capital, and a host of India’s top angel investors including Binny Bansal - Ex-Co-founder, Flipkart, Kunal Shah - Founder, CRED, Arpan Sheth - Senior Partner, Bain & co, Sujeet Kumar - Co-Founder, Udaan, Nikhil Srivastava - PAG Venture, Lalit Keshre - CEO, Groww, Rishi Vasudev - Co-Founder, GOAT Brand Labs and others. 

Founded by former Flipkart Senior Vice President, Ranjith Boyanapalli, Flash aims to elevate the shopping experience of online power shoppers across the world. Launching in India initially, Flash aims to cater to the top 25 million power shoppers, who contribute to nearly 70% of the online shopping revenue and are estimated to further grow to 65mn by 2030. Flash looks to address the potential challenges for these power shoppers around post-order experience, lack of rewards, and cluttered communication - which are expected to magnify with a further increase in their span of online shopping across brands & frequency. Flash will be introducing a first-of-its-kind shopping identity - enabling an end-to-end ecosystem that empowers consumers to be in control of their shopping, and communication and unlock personalized experiences.

Commenting on the investment, Roel Janssen, Partner, Global Founders Capital said, "We are excited to back a founder like Ranjith who has extensive experience building great consumer products. Power shoppers are an important consumer segment and their challenges are bound to magnify with increasing eCommerce penetration in India and globally. We are impressed with the Flash team and product, and are confident that they will make a significant impact over the coming years."

Commenting on the funding, Ranjith Boyanapalli, Founder & CEO, Flash said, “With Flash, we aim to craft a digital shopping identity for Power Shoppers which will enable delightful shopping experiences. The unique digital shopping identity will allow online shoppers to access personalized experiences, rewards, and clutter-free communications. Our AI/ML-led platform will be backed by best-in-class encryption to protect privacy and give control back to the consumer. We are aiming to onboard two million users in our first year. With an elite guild of VC Funds and Angel investors on board, who have put their trust in us and supported us with their experience, we hope that Flash can undoubtedly change the way we shop”

Flash will be looking to direct the corpus toward product development, hiring, and global expansion.

About Flash:

Flash aims to solve the experience of Power Shoppers.

Flash has been founded by Flipkart’s former Senior Vice President - Ranjith Boyanapalli, and is built on the cornerstone of enhanced shopping experience.

Flash brings the world's first shopping identity- building an end to end ecosystem that consumers can own and experience the joy of shopping with. Conceptualised with power shoppers in mind, Flash intends to assist consumers through highly rewarding shopping and convenient post order experience, tackling the issues of cluttered promotional email content.

Post Covid-19, India stands as the third-largest online shopper base in the world with 180-190 million shoppers in 2021.With the Indian eCommerce market estimated to increase three folds to 600-650 million by 2030, Flash aims to tap on the underlying potential to elevate the quality of life of online shoppers across the world.

LML Scooter Relaunching in Electric Avatars Including HyperBike; To Open 100 Showrooms Across India

LML Star e-Scooter

Indian scooter and motorcycle manufacturer LML has just announced that it would launch a strong network of 100 dealerships across India by FY 2024-25. The company also said that its target is to expand the dealership network in a phased manner. In addition, it has been claimed that the company plans to launch an outlet for the upcoming dealership, Which can be focused on strengthening its customer value and trust.

LML Star comes with photosensitive headlamp, adjustable seat, interactive screen and 360 degree cameras in front & back. No other information is available as of yet.

Besides LML Star Electric Scooter, the company also plans to launch at least two more products in the near future. One of them will be LML Orion and the other electric hyperbike.

LML Star 

LML Orion 

HyperBikes are designed mainly for very high speed riding and are heavier usual electric bikes. In April this year, LML Electric inked a letter of intent (LOI) to form a joint venture with Germany-based electric hyperbike manufacturer eROCKIT AG.

eROCKIT, a unique pedal-powered electric motorcycle, is a hyperbike that runs with effortless pedalling and has a top speed of over 90 km/h, supported by an advanced battery and electric direct drive motor.

The second model from LML will be Moonshot, which is expected to be an electric adventure motorcycle. The automaker has not yet revealed any of it.

LML Moonshot

Speaking about the company's dealership expansion strategy, LML MD and CEO Yogesh Bhatia said in a media statement that the e-mobility revolution has received unprecedented support from the Government of India and LML country In many parts, EV is motivated to accelerate adoption. He further said, “ Our team is working extensively to include all dealers with a vision of the future to mainstream EVs in India."

Talking about the upcoming electric scooter of LML, the company has not yet disclosed its price and other information. However, interested buyers can reserve their electric scooter by visiting the automaker's official website. The company has claimed that the upcoming LML Star e-scooter will provide an easy travel experience. LML e, lectric scooters are claimed to come with LED lights, 360 degree cameras and haptic feedback. In addition, the company claims that the scooter will come with sporty stance, adjustable seating position, interactive digital display and Balki structure.

Formerly based in Kanpur, Uttar Pradesh, LML was incorporated as Lohia Machines Private Limited in 1972. The company announced insolvency in 2017 and in August 2020, the LML factory has been dismantled completely, spares, machines and scooters scrapped, toolings partly sold to SIP scooter shop of Germany.

The company is now reviving in Electric Avatars and has opened bookings for LML Star e-Scooter. In September, LML announced its plans to raise up to ₹500 crore to setup its manufacturing faciity where these EVs will be assembled.

New Hybrid Exchange Ankex Delivers High-Performance Crypto Trading From Secure Self-Custody

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Business Wire India

• New crypto derivatives exchange combines the performance advantages of a CEX with the user security and control offered by a non-custodial DEX.
• Ankex satisfies new investor appetite for full transparency, including real-time verification of proof of reserves.
• Ankex waitlist opens today, with the full launch expected next year. Pre-register for first access and news.

Ankex announces the launch of a new kind of hybrid crypto derivatives exchange which offers sophisticated trading and transparency from the secure self-custody of a decentralized wallet.

 

The launch comes at a time when recent events have shattered investor confidence and drawn attention to the major security and performance trade-offs that investors are forced to accept when trading on either centralized or decentralized cryptoasset exchanges.

 

Whilst centralized exchanges typically offer deeper liquidity, lower latency, and tighter spreads, investors are forced to surrender their funds to an exchange-managed wallet which is vulnerable to hacking or malpractice.

 

Ankex’s hybrid model removes this trade-off, enabling high-performance trading from secure self-custody, one of the main benefits of decentralized exchanges.

 

When trading on Ankex, user assets remain in secure wallets (“Vaults”) protected by Qredo’s decentralized MPC (dMPC) and located on its Layer 2 blockchain. Because no assets are locked on the exchange, users can maximize capital efficiency by deploying funds instantly from their Vault to other trading and Web3 opportunities as they arise.

 

Other Ankex user benefits include real-time verification of proof of reserves across all exchange participants, and comprehensive proof of liquidation reporting.

 

Ankex has been built by a team of experienced professionals from other cryptoasset exchanges. The project received incubation support from Qredo’s investment arm, Qredo Ventures. The exchange is expected to launch next year, with the waitlist opening today, to register for first access and further news.

 

“Given the events of recent weeks, there is a new appetite for sophisticated exchange capabilities without the need to trust a third party or cede control of your assets,” said Alex Petryk from Ankex's Marketing team. “Ankex’s new hybrid approach resolves this trade-off and gives investors the best of both centralized and decentralized worlds. We’re delighted that Qredo’s dMPC and Layer 2 architecture is playing such an important part in this game-changing new platform.”

 

About Ankex

 

Ankex’s team of experienced technologists is ready to change the way you trade crypto derivatives. Designed for investors of every size, Ankex is a new kind of hybrid exchange that combines the advantages of a centralized trading venue, with the security, control, and transparency offered by non-custodial, decentralized exchanges. Watch this space.

 

Follow Ankex on Twitter and http://ankex.com/

 

About Qredo

 

Qredo is a decentralized digital asset management infrastructure and product suite designed to unlock new opportunities for institutional investors in digital assets and decentralized finance. Its Layer 2 blockchain protocol enables users to seamlessly transfer and settle BTC, ETH, BNB Chain, Solana, Polkadot and ERC-20 tokens. Assets are secured by Qredo’s advanced Gen 2.0 multi-party computation (MPC), which provides tier-1 bank security and institutional-grade governance.

 

Follow Qredo on Twitter and LinkedIn

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20221128005770/en/

DHL Express Grows Footprint in Delhi with Faridabad Service Center Expansion

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Business Wire India

• The service center is DHL Express India’s eighth facility in Delhi/National Capital Region (NCR)
• The expansion is part of the EUR 250 million investment in India since 2017

DHL Express, the world’s leading international express service provider, has strengthened its network in the Delhi-NCR region with the expansion of Faridabad service center. Inaugurated by John Pearson, CEO, DHL Express, this is DHL Express India’s eighth service center in Delhi/NCR region and 53^rd in the country. The sustained expansion is in line with the company’s commitment of EUR250 million towards infrastructure development across the country.

DHL Express has been serving customers in Faridabad since 2014. The company has now expanded its Faridabad service center into a 9000-square-feet facility to meet the significant trade volume growth in the last five years. This augments DHL Express’ current service offering to customers, as it meets the growing export and import demands.

Faridabad is India’s rapidly growing industrial area with close proximity to the international airport, making it a strategic investment for DHL Express. The investment is part of DHL Express’ commitment towards upgrading infrastructure in tier-two markets. The expansion will support the growing business from automobile industry, garment exporters, banks and other B2C customers in the region.

John Pearson, CEO of DHL Express, commented on the expansion: “Even in these volatile times, our well-connected global network, focus on infrastructure, and dedicated people have paved the way for our growth. Our recently released DHL Trade Growth Atlas tells us that India is on track to more than double its trade volume growth rate in the next five years, and we are uniquely positioned to support this because of our unrivaled expertise. Investments like these in the country will allow us to provide best-in-class service to our customers and make us a reliable partner.”

R.S Subramanian, SVP South Asia, DHL Express said: “We are committed to supporting India’s economic growth and facilitating international trade. To meet this commitment, we have invested heavily in people, processes, and infrastructure across the country in recent years. The Faridabad service center expansion is part of the growth strategy. The region has seen a 70% increase in shipment volume over the last three years, necessitating infrastructure expansion to meet rising demand. We will continue to focus on being a key trade facilitator for businesses, making it easy for them to do business globally.”

DHL Express has maintained its leadership position in India for more than 40 years, providing access to 800 cities within the country. With a robust network of over 450 fleet vehicles, 33 weekly inter-continental flights, 67 daily international and 80 domestic commercial flights, DHL customers in India have access to a global network. As part of its commitment to providing customers with seamless services, DHL Express India will continue to invest in innovations to upgrade its infrastructure.

Visit: dhl.com
Follow us on @DHLExpressIndia

Celcius Logistics Launches its Hyper-Local Temperature Controlled Delivery Services for Smaller Quantities, Across 9 Cities in the Country

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Celcius Logistics, India's fastest growing cold-chain marketplace startup, today announced the launch of its Hyper-Local temperature-controlled delivery services for food and pharma orders, as part of its last mile solution. Celcius aims to expand to 9 metros, including Mumbai, Delhi, Kolkata, Bangalore, Hyderabad, Lucknow, Jaipur, Gwalior and Amritsar, with 200 riders, within 3 months of the launch. The brand has currently tied up with Zomato and is the partner of choice for temperature-controlled deliveries across varies cities for their intercity orders. In the long run, Celcius also aims to cater to fruits and vegetable suppliers, direct-to-home services, pharma products and intermediary distributors, vaccine distributors as well as cloud kitchens, canned food companies, dairy and meat distributors, among others, who would need temperature-controlled deliveries to be made for quantities ranging from 500 gms to 5 Kgs.

Celcius rider with PCM based temperature controlled delivery bag

Celcius Logistics is the first-of-its-kind cold-chain online marketplace that offers an integrated smart platform for all stakeholders to explore, book, monitor and process their cold supply chain needs, with utmost efficiency and transparency. With their hyperlocal service, Celcius is the first to ensure perfect quality of materials being transported through real-time tracking of temperature at every point.

Speaking about their efforts to strengthening the last mile delivery of cold supply chain, Mr. Swarup Bose, Founder and CEO, Celcius Logistics, said, "India currently incurs food losses worth about $14bn, due inefficiencies in cold supply chain, especially last mile deliveries. These include lapses in maintaining optimum temperatures, using non refrigerated vehicles for transit for shorter distances, lack of tracking and tracing technology, and handling of products by untrained drivers in the final leg of a cold supply chain. This is especially true for smaller quantities/volumes which are transported using thermocol/foil wraps, or make shift ice boxes that do more damage than preserve the quality of the product being transported. Celcius's Hyper local service is designed to deploy tech-first solutions to reduce the massive in-transit wastage of perishables caused by cold chain malpractices and inefficiencies, while ensuring speed, quality and agility to transport volumes ranging 500 gms to 5 kg through bike riders and larger reefer trucks for bigger volumes. We aim to transform the temperature-controlled transport and delivery spectrum with integrated, tech enabled solutions which ensure superior quality of products delivered anywhere within a maximum time frame of 18 hours!"

The company has already secured contract for distribution from clients like Zomato, and a host of other cloud kitchens and local businesses who get instant access to all the asset inventory via Celcius's hyper local delivery platform. With the current forecast, the company aims to grow from 200 riders in 3 months to 500 riders in year, clocking in a revenue of INR 15-18 Crore in the first year of the launch. Earlier this year, Celcius launched its last mile delivery platform that provides a customized tech platform for clients seeking an efficient and robust last mile cold chain service. With the Hyper Local service, Celcius will be for the first time, deploying on ground bike riders to deliver temperature sensitive cargo across the country, with a guaranteed quality assurance and within record time.

About Celcius Logistics

Celcius is India first and only SaaS marketplace for the cold supply chain. It is the only aggregator platform in India, which offers solutions for both Reefer logistics and cold storage warehousing. Celcius' simple yet unique solution can be credited to its inception as a response to the COVID-19 pandemic in India. The unprecedented nationwide lockdown in March 2020 exposed the shortcomings of the existing cold chain in India.

Celcius' technology driven approach ensures that there is accountability from the booking to the delivery of the shipment. The Web and App based platform verifies shippers and transporters before listing them. The platform centralizes the booking and helps collate all the data in a single system. During the transit period, customers can track both the thermal conditions and location of the shipment LIVE. Apart from this, Celcius also offers a multi-temperature loading option, multi-location pickup and drop facility and offers the convenience of a ratings system for transporters and shippers and an online bidding system for negotiations.

In line with its larger vision to integrate smart tech tools to bring transparency and seamless efficiency across cold supply chain networks, Celcius has been steady expanding its services and reach across the country, and has grown at a significant rate since the two years of its inception. With 3500+ vehicles, and 100+ Cold storages, Celcius today boasts of an esteemed list of clienteles, including Zepto, Zomata, Maersk, Prabhat Dairy, Subway, Rebel Foods, Vadilal, Dominos, Kaventers, Godrej Agrovet, and Zydus Pharma, to name the few. They have transported over 75000 tons of perishable cargo for sectors like dairy, fresh agricultural produce, pharma, fruits, seafood and vaccines across 350 cities in India. The startup has also ventured across the border to import fruits from Afghanistan and to export seafood outside India.

Additionally, in two years, Celcius has closed a total of USD 7.5 Million in funding from various sources. The brand has successfully utilized the funds to scale up its operations and diversify the services on its platform by integrating WMS (Warehouse Management System) and TMS (Transportation Management System).

Registering a growth of 20X in the past year, Celcius aims to now raise a Series A round of USD 10 Mn in the coming months. The brand has also tied up with finance institutions like Shriram Transport and Finance Company and with OEMs like Ashok Leyland and Tata. Their future plans include upgrading their platform with Warehouse Management Systems (WMS) and Transportation Management Systems (TMS), introducing an in-depth cold storage warehousing solution.

For more information, please visit www.celcius.in.

Lyophilized Injectable Drugs Market Size Will Attain USD 5.1 Billion by 2030 growing at 6.5% CAGR - Exclusive Report by Acumen Research and Consulting

Acumen Research and Consulting recently published report titled “Lyophilized Injectable Drugs Market and Region Forecast, 2022 - 2030”

BERLIN, Nov. 30, 2022 (GLOBE NEWSWIRE) -- The Global Lyophilized Injectable Drugs Market Size accounted for USD 2.9 Billion in 2021 and is projected to occupy a market size of USD 5.1 Billion by 2030 growing at a CAGR of 6.5% from 2022 to 2030.

Lyophilization is a freeze drying method used to remove water from a material in order to increase its stability and shelf life. Lyophilization is a process that produces products that are frozen under high vacuum and are primarily used in the pharmaceutical industry to produce products of excellent quality at competitive prices. The global lyophilized injectable drugs market is expected to grow due to increased health awareness and widespread use of these drugs as a quick drying method.

Lyophilized Injectable Drugs Market Statistics

• Global lyophilized injectable drugs market value was USD 2.9 Billion in 2021 and expected to grow at CAGR of 6.5% from 2022 to 2030
• North America lyophilized injectable drugs market share will gather around USD 1.36 billion market share in coming years
• Asia-Pacific lyophilized injectable drugs market growth registered considerable CAGR of 7% during the forecast timeframe from 2022 to 2030
• Among packaging type, single-use vials sub-segment collected USD 1.74 billion in revenue in 2021
• Based on delivery, prefilled diluent syringes collected USD 1.54 billion revenue in the base year
• Increasing number of contract manufacturing services is a key lyophilized injectable drugs market trend that fuels the industry growth

Lyophilized Injectable Drugs Market Growth Factors

• Growing consciousness for healthy life
• Rise in respiratory disorders
• Increasing prevalence of metabolic and cardiac disorders
  

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Lyophilized Injectable Drugs Market Report Coverage:

Market	Lyophilized Injectable Drugs Market
Lyophilized Injectable Drugs Market Size 2021	USD 2.9 Billion
Lyophilized Injectable Drugs Market Forecast 2030	USD 5.1 Billion
Lyophilized Injectable Drugs Market CAGR During 2022 - 2030	6.5	%
Lyophilized Injectable Drugs Market Analysis Period	2018 - 2030
Lyophilized Injectable Drugs Market Base Year	2021
Lyophilized Injectable Drugs Market Forecast Data	2022 - 2030
Segments Covered	By Packaging Type, By Type of Delivery, By Indication, By End-User, And By Geography
Lyophilized Injectable Drugs Market Regional Scope	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled	Schott AG, CIRON Drugs & Pharmaceuticals Pvt. Ltd, Mylan N.V., Baxter, Vetter Pharma, Dickinson and Company, Novartis AG, SHL Group, B. Braun Melsungen AG, and Jubilant HollisterStier.
Report Coverage	Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Lyophilized Injectable Drugs Market Dynamics

The increase in chronic illnesses, the rise in the number of elderly people with heart conditions, and technological advancements in drying are what are driving the global market for lyophilized injectable drugs. Additionally, the lyophilization process enables the secure delivery of materials to the final users. The market for lyophilized injectable drugs may experience growth restraints due to the increase in non-injectable drug options. In contrast to conventional drying techniques, lyophilized injectable drugs are simple to transfer because they strengthen the material's stability and provide high-quality products. One of the market drivers for lyophilized injectable drugs over the upcoming years will be the switch from traditional drying methods to cutting-edge freeze-drying technologies.

In contrast to dried products, lyophilized injectable drugs are safer and more efficient in the administration of materials. As a result, the market for lyophilized injectable drugs is anticipated to expand soon. Lyophilized injectable drugs are of higher quality and have a longer shelf life, which has given manufacturers more reason to incorporate the lyophilization process into their manufacturing processes. Lyophilized injectable drugs are offered by contract manufacturing and research services, which help provide high-quality goods to customers. Therefore, it is anticipated that the substantial availability of contract research manufacturing services will support the expansion of the global market for lyophilized injectable drugs.

Check the detailed table of contents of the report @

https://www.acumenresearchandconsulting.com/table-of-content/lyophilized-injectable-drugs-market

Lyophilized Injectable Drugs Market Segmentation

The packaging type, type of delivery, indication, end-user, and region are the five main segments that make up the global market for lyophilized injectable drugs. The market for lyophilized injectable drugs is divided into point-of-care reconstitution, specialty packaging, single-use vials, and others based on packaging type. The market for lyophilized injectable drugs is divided into single-step devices, multi-step devices, prefilled diluent syringes, and specialized reconstitution devices based on the type of delivery. The global market for lyophilized injectable drugs is divided into indications for autoimmune diseases, infectious diseases, metabolic conditions, and other conditions. The global market for lyophilized injectable drugs is divided into ambulatory surgical centers, specialty clinics, hospitals, and others based on the end-user.

Lyophilized Injectable Drugs Market Share

According to our lyophilized injectable drugs industry analysis, the single-use vials sub-segment obtained the most revenue in 2021. However, in the forthcoming year’s specialty packaging sub-segment is anticipated to witness significant growth rate in the coming years. Prefilled diluent syringes held the largest market share in 2021, according to the analysis of the lyophilized injectable drugs market, and it is anticipated that this trend will continue throughout the forecast period. The market forecast for lyophilized injectable drugs predicts that between 2022 and 2030, metabolic diseases will account for a sizable market share. Hospitals sub-segment gathered a sizable amount of share in 2021 based on end-user segment.

Lyophilized Injectable Drugs Market Regional Growth

The market for lyophilized injectable drugs is divided into five regions based on geography: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

As it did in 2021, North America is anticipated to dominate the market for lyophilized injectable drugs worldwide. The market is anticipated to lose market share to the Asia Pacific region's developing economies. Opportunities in the region are attributed to the widespread use of lyophilized injectable drugs for various applications in end use industries. One of the key factors anticipated to propel the growth of the market for lyophilized injectable drugs in the near future is the specialty packaging segment, which is expanding quickly as a result of the introduction of advanced packaging solutions.

Manufacturers in the healthcare sector should see opportunities for growth as a result of the expansion of better healthcare infrastructure in developing nations like Singapore, India, and Malaysia. In the upcoming years, it is anticipated that this factor will increase demand in the local market.

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Lyophilized Injectable Drugs Market Players

Schott AG, CIRON Drugs & Pharmaceuticals Pvt. Ltd, Mylan N.V., Baxter, Vetter Pharma, Dickinson and Company, SHL Group, B. Braun Melsungen AG, Jubilant HollisterStier, and other leading companies are among the market's leading participants. In order to gain market share and increase sales of lyophilized injectable drugs, the major vendors in this market are concentrating on product launches and partnership strategies. Additionally, the increased accessibility of contract manufacturing and research is anticipated to present profitable opportunities for the major global market players.

Questions Answered By This Report

• What was the market size of Lyophilized Injectable Drugs Market in 2021?
• What will be the CAGR of Lyophilized Injectable Drugs Market during the forecast period from 2022 to 2030?
• Who are the major players in Global Lyophilized Injectable Drugs Market?
• Which region held the largest share in Lyophilized Injectable Drugs Market in 2021?
• What are the key market drivers of Lyophilized Injectable Drugs Market?
• Who is the largest end user Lyophilized Injectable Drugs Market?
• What will be the Lyophilized Injectable Drugs Market value in 2030?
  

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Bollywood Actress Shilpa Shetty Kundra Becomes Investor and Brand Ambassador for Hunar Online Courses

With this partnership, Hunar and Shilpa Shetty have come together to realise their shared vision of financial independence for one lakh Indian women by next year through better skilling and entrepreneurship opportunities.

Hunar Online Courses, a skilling platform with a community of over 20 lakh women, will deploy the funds to scale its reach across the nation and expand its course offering.

Hunar Online Courses, a SkillTech online learning platform that empowers women by helping them learn new skills in fashion, food, photography, and interior design, and become financially independent, today announced it has joined hands with the actress and entrepreneur Shilpa Shetty Kundra as its investor and brand ambassador.

Through this partnership, Hunar aims to cement and scale the four pillars of its platform – offering a holistic and outcome-focused learning experience, leveraging and building its vast community, providing gigs and work-from-home opportunities, and creating business opportunities for its students.

Hunar has recognised the massive potential of this underserved market of more than 340 million Indian women. It intends that this collaboration will enable one lakh Indian women, to achieve financial independence by next year through better skilling and entrepreneurship opportunities. Since its inception in 2018, it has been uniquely positioned and supported by a loyal community of 20 lakh+ women to become the singular authority on skilling and empowering Indian women, helping them become micropreneurs / solopreneurs.

Hunar’s community consists of women who harbour similar desires and challenges. Through this platform, they are presented with opportunities that help them come together to engage, learn, share and support each other.

Shilpa Shetty Kundra, Bollywood Actress, Health and Wellness Influencer, and Entrepreneur, said, “Empowering the women of India with skills to become financially independent has always been a dream for me. As an independent woman, I believe that financial independence and having a personal source of income are important for the woman, her family, and the country. When I attended the Hunar Fashion Show as a Chief Guest, I saw first-hand the impact that Hunar’s team was creating, and I wanted to join them as an investor and a brand ambassador.”

Nishtha Yogesh, Founder and CEO of Hunar Online Courses, said, “India has the potential to grow its GDP exponentially when India’s women are provided with the right platform to learn, grow, and earn an income. Women want to be financially independent and recognised for their skills but do not have easy access to opportunities to learn or earn. Our goal has always been to offer a safe and encouraging ecosystem wherein Indian women can learn multiple skills from home, create their designs or products and gain recognition and financial independence. We are excited to have Shilpa join our journey. She is a strong supporter of our mission, and together we hope to encourage more and more women to bring out the entrepreneurs in them.”

Through its wide array of courses in Fashion, Food, Beauty and Photography, Hunar aims to enable and empower these women by lending them the required support at every stage of their journey through expert faculty, dedicated student guides, entrepreneurship mentors and access to a vast community of like-minded women. Additionally, Hunar’s students get ample exposure and guidance through celebrity mentors like the four-time national award-winning fashion designer Neeta Lulla and acclaimed photographer Avinash Gowariker so that the students get to learn from the best.

Earlier, Hunar joined hands with national brands like ITC Aashirvaad Atta and Naturals Salon to empower women. Recently, it held its annual fashion show, for which it received 10,000 design submissions, 200+ students were selected to display their collections in front of more than 15,000 audiences, and more than one million votes were received from all over India. Also, it hosted India’s largest online graduation ceremony in India, where over 6,000 women received their certificates and gained national recognition in one day.

Students of Hunar Online Courses have access to 55+ video-based online skill courses in the fashion, food, and beauty segments. These basic-to-advance courses are pre-recorded classes with live virtual masterclasses and webinars by certified teachers and industry experts. Hunar Online Courses has a growing community of more than 20 lakh women and over 45,000 students, out of which 30 per cent are running their enterprises successfully, earning up to INR 50,000 every month.

About Hunar Online Courses

Hunar Online Courses is an online learning platform based in Hyderabad which aims at empowering women across the country by helping them learn new skills and become financially independent. It offers various courses ranging from fashion designing and home décor to baking and beauty. Their unique courses include fabric designing, garment making, bag making, home décor, jewellery designing, baking, chocolate making, make-up courses, boutique management, and fashion entrepreneurship. Hunar also offers NSDC-certified government-recognised courses paired with the best industry-level training to turn its students’ skills into successful businesses. Hunar takes pride in its community of 20 lakh women united by their passion for building a new identity. With their talent and Hunar’s exclusive end-to-end learning and entrepreneurial support, now Indian women can turn their skills into successful businesses.

Electric Motorcycle Maker Tork Motors Inaugurates Its 1st Experience Centre in Pune

• This introduction strengthens Tork Motors’ focus to offer an all-inclusive ownership experience to KRATOS customers
• Located near Law College in Pune, the touchpoint will serve as a one-stop shop for customers’ sales and after-sales requirements

India’s first and fast-growing electric motorcycle manufacturer, Tork Motors today introduced its first-ever experience centre in India. The new centre will display the revolutionary KRATOS of all the available colours, along with multiple test-ride options. Located near Law College in Pune, the centre will cater to a growing customer base for unmatched sales and after-sales experience.

Tork Motors Pune Dealership exterior

With an aim to offer a distinct ownership experience to the valued customers, the new centre will offer the best combination of digital and physical format. This modern format creates an enriching ownership experience for the customers with state-of-the-art concepts and designs, along with a team of a talented workforce.

On the occasion, Mr. Kapil Shelke, Founder and CEO of Tork Motors, said, “We are thrilled to introduce the first-ever Tork Experience centre in Pune for our customers. The centre is designed to offer a unique experience to Tork customers based in and around Pune. The showroom with its contemporary engagement features will offer a perfect mix of digital and physical rendezvous to the visitors. This inauguration is a step forward to achieving our strategic vision, as it will also serve as a model outlet for the business prospects. Going forward, we will offer this experience centre to other cities to cater to the growing popularity of KRATOS in the country.”

Tork Motors launched its first product – KRATOS and KRATOS-R in January, this year. The KRATOS is priced at INR 1,22,499 [ex-showroom after subsidy in Maharashtra] and KRATOS-R is priced at INR 1,37,499 [ex-showroom after subsidy in Maharashtra]. Consumers can book KRATOS and KRATOS-R by visiting the company's official website at www.booking.torkmotors.com

About Tork Motors Pvt. Ltd.

Tork Motors is India’s first electric motorcycle manufacturer, registered in the year 2006. The brand has a rich and glorious legacy of racing at the ‘Isle of Man and is backed by the Bharat Forge group. Kapil Shelke, the founder of Tork Motors has leveraged his racing experience in making the brand India’s top electric vehicle manufacturer. Tork Motors has filed more than 50 patents and designs under IPR (Intellectual Property Rights bolstering its R&D and cutting-edge technology since its inception. To know more about the company, visit: www.torkmotors.com

Instoried Becomes the 1st Indian Startup to Announce an AI-based Text-to-Image Tool – Instoried ART

• Enables brands to create images out of text prompts
• Images can be used for commercial purposes

Instoried, the deep-tech and AI-based content intelligence platform, has announced Instoried ART, an AI-based image generation tool. Instoried is the first Indian startup in the content creation space that uses the state-of-the-art technology to generate AI images based on text prompts. The too will enable content creators, marketers and advertising professionals to create customized and unique images for their ad copies, social media posts, website landing pages, based on text prompts. Generative AI is the term used to describe this creation of never-before-seen images from text/ keywords.

The Instoried ART tool will empower creators to create based on an actual text brief as opposed to using stock images or images from search engines that may often not closely match their prompt. Instoried ART can generate customized multiple images, say of an ‘Astronaut riding a unicorn’ based on a text prompt rather than the creative team requiring artists to create the said image or depend on stock images. The user can then choose and use the unique images for all commercial purposes. Images created with Instoried ART are free to use for commercial purposes, and as long as one follows the requisite rules, they have unlimited permissions to do so. For more legalese, subject to these commercial terms and Instoried’s Terms of Service, the user has a perpetual, worldwide, non-exclusive, no-charge, royalty-free, irrevocable copyright license to reproduce, prepare, publicly display, publicly perform, distribute, and create derivative works based on those images.

 Sharmin Ali, Founder & CEO, Instoried, said, “We are excited to empower brands to express themselves with the most appropriate imagery. The addition of Instoried ART widens our scope from just written text to images. Our in-house tool makes possible customized images in just a few minutes.”

Instoried ART has endless creative possibilities - use it as part of a website or blog design, create digital artwork to sell or share online, use apt images as part of an advertising campaign, create social media posts or covers, and make physical prints of favorite images to sell, among others.

Instoried already has an end-to-end content tool which can generate and analyse content, enabling users to generate smart copy and analyze the tone, emotion, spelling, Grammar, and plagiarism of the written content.

Indonet Partners with Juniper Networks for Intent-Based Networking Software to Automate and Modernize Network Deployment

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Business Wire India

Juniper Networks (NYSE: JNPR), a leader in secure, AI-driven networks, today announced that PT IndoInternetTbk (Indonet), an Indonesian digital infrastructure provider, has selected Juniper Apstra to help automate, modernize and facilitate an experience-first expansion of its network infrastructure. Through managed automated network provisioning and monitoring, Apstra has already delivered Indonet an estimated 20% in cost-savings efficiency.

 

As the world’s largest archipelago, Indonesia has established a reputation as a preferred data center location in Southeast Asia due to its strategic location across vital shipping lanes, high levels of internet penetration and vibrant digital-first economy. To capitalize on this, the government has rolled out ambitious initiatives to accelerate economic growth, fueled by the urgency for digital transformation across industry sectors like manufacturing, finance and healthcare.

 

With digital transformation underway, the demand for reliable and scalable colocation services has spiked – with spending in the capital, Jakarta, alone expected to reach $938M by 2027 at a projected five-year CAGR of 22.7%. As Indonesia’s first Internet Service Provider, Indonet has built a reputation for providing scalable and reliable digital infrastructure solutions and is poised to capture more of that ongoing growth.

 

Indonet utilized Apstra to validate the design, deployment and operation of the EVPN/VXLAN overlay and IP fabric underlay of its latest data center, both built on Juniper QFX Series Switches. The use of validated templates and zero-touch provisioning has resulted in reduced deployment times and reliable data center operations, allowing Indonet to significantly streamline the day-to-day management of its data center networks and unify them in a virtual environment seamlessly.

 

As the only solution in the industry supporting a multivendor environment, Apstra can manage data centers built with different vendors, simplifying Indonet’s network operations while accelerating its scalability. Not only has Apstra dramatically reduced tedious manual tasks with repeatable blueprints, but it has also freed up skilled engineers at the company for more strategic work.

 

Additionally, the latest networking upgrades supported by Juniper’s Professional Services and Advanced Services empower Indonet to better respond to customer needs with greater agility, providing ultra-low latency and highly reliable cloud solutions required to power the country’s enterprises – the backbone of Indonesia’s economic growth.

 

Supporting Quotes:

 

“Our vision is to become the digital infrastructure enabler of choice in Indonesia. Our partnership with Juniper Networks has modernized our network, streamlined the management of our data centers and, most importantly, helped us predict problems before they arise. This forms a strong foundation that will enable us to expand our footprint, respond to our customers with great agility and, ultimately, help them to fully capture the growth potential Indonesia has to offer.”

 

- Den Tossi Ishak, Chief Operating Officer, Indonet

 

“Juniper Networks is excited to partner with and grow Indonet’s network as they build out a simplified, reliable and efficient infrastructure across Indonesia. Apstra has greatly facilitated the automation and expansion across their data center networks and we look forward to continuing our journey together as they transform into a modern digital infrastructure provider, further fueling Indonesia’s growth momentum.”

 

- Perry Sui, Senior Director, ASEAN & Taiwan, Juniper Networks

 

Additional Resources:

 

• Case Study: Indonet accelerates digital growth in Indonesia with automated data centers
• Product & Solution Pages:
  • Apstra Intent-based Networking
  • Juniper Networks QFX Series Switches
  • Juniper Networks Professional Services
  • Juniper Networks Advanced Services
• Follow Juniper Networks online: Facebook | Twitter | LinkedIn
• Juniper Blogs and Community: J-Net

About Juniper Networks

Juniper Networks is dedicated to dramatically simplifying network operations and driving superior experiences for end users. Our solutions deliver industry-leading insight, automation, security, and AI to drive real business results. We believe that powering connections will bring us closer together while empowering us all to solve the world’s greatest challenges of well-being, sustainability, and equality. Additional information can be found at Juniper Networks (www.juniper.net) or connect with Juniper on Twitter, LinkedIn and Facebook.

 

Juniper Networks, the Juniper Networks logo, Juniper, Junos, and other trademarks listed here are registered trademarks of Juniper Networks, Inc. and/or its affiliates in the United States and other countries. Other names may be trademarks of their respective owners.

 

category-enterprise

 

 

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Pet Care Startup Vetic Raises $3.7 Mn in a Seed Funding Round

The Company plans to expand its existing footprint and launch a total of 15 clinics across Delhi NCR and Bangalore regions, by June 2023

The freshly infused capital will be further deployed towards boosting technological capabilities, establishing state-of-the-art medical infrastructure, and geographical expansion for the clinic’s network

Vetic, India's first tech-enabled chain of modern clinics focusing on overall pet health care, has raised USD 3.7 Million in a seed funding round led by Lachy Groom.

The round also saw participation from renowned angel investors including Utsav Somani (Partner, AngelList India), Nitin Saluja (Founder Chaayos), Ritesh Agarwal (CEO, OYO), Abhinav Sinha (COO OYO), Shiva Singh Sangwan (Founder,1947 Rise), Maninder Gulati (CSO OYO), Revant Bhate (CEO, Mosaic Wellness), Anuj Tejpal (CBO OYO), Revant Bhate (CEO, Mosaic Wellness), Abhishek Gupta (CFO OYO) and Manu Gupta (Founder, Blue Lion VC) amongst others.Started in August 2022 by Gaurav Ajmera (Ex-COO OYO & Ex-CBO Pristyn Care), Vetic aims to provide pets with best-in-class medical care, and convenience to pet parents for all other pet care needs like nutrition, wellness etc.

The freshly raised capital will be used by the company towards further bolstering technology, establishing state-of-the-art medical infrastructure, as well as the geographical expansion of Vetic’s clinic network across Delhi NCR and Bangalore regions.

Commenting on the Company’s vision and fundraise, Gaurav Ajmera, Founder, Vetic said, “Pet adoption in India is increasing at a fast rate, however, pet health care remains the biggest challenge for pet parents. The current pet healthcare ecosystem is plagued with subpar clinical and medical infrastructure with minimal technology adoption. Vetic believes that every pet should have access to the best medical care. We aim to deliver this through our network of tech-enabled modern pet clinics equipped with the latest medical infrastructure and experienced veterinary doctors. The latest round of funding will allow us to invest in building consumer-facing technological platforms and cutting-edge medical facilities.

Speaking on his investment in Vetic, Lachy Groom said, “Pet healthcare is going to experience the same disruption that personal healthcare has experienced over the last few decades. I believe Gaurav and the Vetic team will redefine the pet experience and build the leading pet healthcare brand in India."

The Start-up currently has 4 clinics in Gurgaon and plans to scale to 15 clinics across Delhi NCR and Bangalore regions by June 2023. Vetic recently launched Android & iOS mobile App, which enables seamless appointment booking and pet health record keeping, first of its kind in pet health care.

About Vetic

Vetic offers a full stack pet care experience through a combination of technology platform and network of physical clinics offering services ranging from OPD, In-house diagnostics, Surgeries, Emergency care, Grooming, Online consultation, Quick commerce and more. Vetic’s uniqueness lies in digitalization of the complete pet care journey using its mobile app and veterinary management system. For more information, please visit: https://vetic.in

The app is available for download at http://bit.ly/3ASEENt

MG Ranks Highest in India Customer Service for a Second Consecutive Year, J.D. Power 2022 CSI Study

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Business Wire India

Vehicle owners in India place a great level of importance on proactive service advisor-led interaction during their service experience, according to the J.D. Power 2022 India Customer Service Index (CSI) Study^SM, released today. After a hiatus since 2021, J.D. Power has relaunched the India Customer Service Index (CSI) Study in collaboration with NielsenIQ.

Communication from service advisors encompass several elements such as a thorough multi-point check; confirmation of service requests; review and explanation of work pre and post service; and regular status updates. The study finds that satisfaction among customers who have received implementation of all interaction elements increases by 25 index points (on a 1,000-point scale) vs. among those who do not receive them (863 vs. 838, respectively)

“Clear, proactive and timely interaction from advisors demonstrates a clear commitment towards customer engagement,” said Sandeep Pande, lead of the automotive practice India at NielsenIQ. “Dealerships that are able to deliver both on quality of service and interaction can expect to achieve higher recommendation and retention levels.”

Following are additional key findings of the 2022 study:

• Quality of work remains critical for satisfaction: More than three-fourths (80%) of customers say that key elements of service quality were done, such as completion of all requested work; work done right the first time; and the vehicle was cleaned. Satisfaction declines 22 points when customers say that even one of these elements was missed.

• Younger customers harder to please: Millennials¹ and Gen Z customers are the least satisfied among generational groups, with overall satisfaction of 822, which is 22 points below the average. They are significantly more critical of any omission in the implementation of both interaction and quality of service. In contrast, older customers over the age of 35 tend to be more forgiving and place a higher importance on the quality of service.

 1 J.D. Power defines generational groups as Pre-Boomers (born before 1946); Boomers (1946-1964); Gen X (1965-1976); Gen Y (1977-1994); and Gen Z (1995-2004). Millennials (1982-1994) are a subset of Gen Y.

Study Ranking

MG India ranks highest with a score 860. Honda (852), Hyundai (852) and Toyota (852) each rank second, in a tie.

The study measures new-vehicle owners’ satisfaction with the after-sales process by examining dealership performance in five factors (listed in order of importance): service initiation (26%); service advisor (20%); vehicle pick-up (20%); service quality (19%); and service facility (15%). The study only examines aftersale satisfaction in the mass market segment.

The 2022 India Customer Service Index (CSI) Study is based on responses from 5,586 new-vehicle owners who purchased their vehicle from July 2019 through September 2021. From July through September 2022, NielsenIQ conducted face-to-face surveys in 25 major cities in India, asking 125 questions of vehicle owners about their experience with their most recent service done at their brand’s authorized workshop. After conducting the surveys, the responses were cleaned for data quality and calculated. Brands included in the study are ranked according to aggregate score.

J.D. Power is a global leader in consumer insights, advisory services and data and analytics. A pioneer in the use of big data, artificial intelligence (AI) and algorithmic modeling capabilities to understand consumer behavior, J.D. Power has been delivering incisive industry intelligence on customer interactions with brands and products for more than 50 years. The world's leading businesses across major industries rely on J.D. Power to guide their customer-facing strategies. J.D. Power has offices in North America, Europe and Asia Pacific.
 
NielsenIQ is the leader in providing the most complete, unbiased view of consumer behavior, globally. Powered by a groundbreaking consumer data platform and fueled by rich analytic capabilities, NielsenIQ enables bold, confident decision-making for the world’s leading consumer goods companies and retailers.
 
Using comprehensive data sets and measuring all transactions equally, NielsenIQ gives clients a forward-looking view into consumer behavior to optimize performance across all retail platforms. Our open philosophy on data integration enables the most influential consumer data sets on the planet. NielsenIQ delivers the complete truth.
 
NielsenIQ, an Advent International portfolio company, has operations in nearly 100 markets, covering more than 90% of the world’s population. For more information, visit NielsenIQ.com. 

Edtech Startup ClassMonitor Raises ₹ 10 Cr in Pre Series A Round

Founding Team - Vijeet Pandey CEO(Co-Founder) Vikas Rishishwar(Co-Founder)

• ClassMonitor is India’s Finest Early Education Platform which combines real life learning experiences with curated activities supported by a detailed instructional app for parents and a rich digital resource library for children. 
• Backed with a strong distribution network, ClassMonitor has a presence in more than 10,000 pincodes and 20 countries besides India. 
• The start-up now aims to invest in AI-ML-based technology to strengthen their learning and assessment model & to help individualize their offerings for young learners based on gamified evaluation of learning progress.

With an aim to building India’s best home learning programs for early learners in the age group of 0-8 years, education technology start-up ClassMonitor has raised INR 10 Crores in a Pre Series A round from Lead Investor Frontline Strategy Funds; Khimji Family (Muscat) and participation from existing investors Sarvann & Calega Family Office.

The platform is set to use the fresh funds for some exciting expansion which includes leveraging AI-ML-based technology to enhance learning experiences for young children. This unique hybrid offering will combine their high quality learning kits with a Metaverse based on experiential learning for children, allowing them a deeper, more immersive learning experience.

The company also plans on further strengthening its dominance in the early education sector by establishing a large network of franchised after school learning centres. Additionally, the start-up is also planning to diversify and build on their distribution by adding more channels including offline stores & schools while building an organic traction from International Markets with a strong focus on the UAE markets.

To accomplish these objectives, the company is also looking at senior high profile hires.

Founded in 2016, by Vijeet Pandey and Vikas Rishishwar, ClassMonitor started off as a messaging platform for parents and teachers which later took the shape of a hybrid early learning tool that provides holistic learning kits for children in the age group of 0-8 years. These highly engaging and well researched kits focussed on experiential, self-paced learning and nurturing parent child bonding. During the starting phase the platform built an O2O model in EdTech. The platform has doubled their user base in the past 6 months and plans to work towards becoming a ’first choice’ early education EdTech brand by 2023. This will be done by complementing their physical presence with digital channels including YouTube which they have recently launched.

With the growth of technology, the platform has identified the need for early education (age group of 0-8 years) to nurture the cognitive abilities of a child, something which has been hampered by unchecked screen exposure. To achieve this, the Indore based start-up works on the fundamental development of a child through five core areas: linguistic skills, logical thinking, sensory and motor skills, cognitive skills, and creativity with the help of their holistic learning kits. Key concepts in literacy, numeracy and science and environmental awareness are integrated with art and craft, role-play and puppetry, music and movement as well as skills such as logical thinking and problem-solving. Important values of empathy, sharing and honesty are also woven into the learning experiences. Each kit comprises 250+ activity sheets, worksheets, flashcards, AR Cards, posters, story cards, game boards, etc.

Commenting on the announcement, Vijeet Pandey, Cofounder & CEO at ClassMonitor stated, “This is a significant milestone in our journey to become the market leader in early education. I want to thank our existing and new investors for their continued support. This is an unequivocal endorsement of our brand promise and delivery capabilities in establishing a dominant position in the early education segment.

I am convinced that early childhood education in India is largely unorganized, and that a significant number of children do not have access to affordable, outcome-based quality education. ClassMonitor is well positioned to bridge this gap and provide this segment with world-class experiential learning. The funds will be used to improve our content, technology, and distribution. We already have 2 lakh global users and are confident that we will be able to tenfold our business in the next 18-24 months.”

Remarking on their investment, Atim Kabra, the Lead Investor said, “We are very excited to be partnering with ClassMonitor in their journey to build a trusted bond with parents. We share the vision of ClassMonitor, led by its dynamic and visionary founder, Vijeet, to build a network of smart offerings targeted at young children, that enable the parents to spend quality time with their child in a non digital environment”.