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Sunday, August 29, 2021

FGII takes the initiative to create awareness of health insurance among youngsters

 Bengaluru, 24th Aug 2021 : Future Generali India Insurance Company Limited (FGII) has launched the Health Super Saver” campaign to encourage youth to consider their health as their most important asset. The initiative drives home the idea that health is a long-term investment. 

  

The campaign revolves around the company’s comprehensive individual and floater health policy, Health Super Saver. This unique product offers customers 80% off on premium for a claim-free year. 

  

The company has roped in celebrities like the renowned rapper Slow Cheetah and the evergreen actor- Anil Kapoor to appeal to the younger audience through an engaging rap song. The song conveys how an individual can earn a return on investment on their most important asset – their health. 

  

Anup Rau, MD & CEO, Future Generali India Insurance Company Limited (FGII), said, “Due to the Covid-19 pandemic, the need and appreciation for health insurance has increased. However, the youth in the country has still not put health insurance on their priority list. They view health insurance as an expense, not an investment. Premiums paid are seen as a “loss” if no claims are raised. With this campaign and our product that caters specifically to this demographic, we have begun to challenge the status quo and aim to bring about a shift in the mindset of the younger population." 

  

The latest FGII Health Super Saver campaign will run on major OTT platforms, Music Apps, and digital platforms of FGII. 

 

 

For more details, please visit -  

Homepage - https://general.futuregenerali.in/ 

LinkedIn - https://www.linkedin.com/company/future-generali/ 

Twitter - https://twitter.com/Future_Generali 

Facebook - https://www.facebook.com/FutureGenerali/ 

 

About Future Generali India Insurance Company Limited 

 

Future Generali India Insurance Company Limited is a joint venture between Future Group – the game changers in Retail Trade in India and Generali – a 190 years old global insurance group featuring among the world’s 70 largest companies*. The Company was in corporated in September 2007 with the objective of providing retail, commercial, personal and rural insurance solutions to individuals and corporates to help themmanage and mitigate risks. 

 

Future Generali India has been aptly benefitting from the global Insurance expertise in diverse classes of products of Generali Group and the Indian retail game-changer Future Group. Having firmly established its credentials in this segment and effectively leveraging on the skill set of both its JV partners, Future Generali India has evolved to become a Total Insurance Solutions Company. 

 

*As per Fortune Global 500 Ranking (2020) 

 

About Generali Group 

 

Generali is one of the largest global insurance and asset management providers. Established in 1831, it is present in 50 countries in the world, with a total premium income of € 70.7 billion in 2020. With more than 72,000 employees serving 65.9 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. Generali’s ambition is to be the Lifetime Partner to its customers, offering innovative and personalized solutions thanks to an unmatched distribution network. 

GET READY FOR A RIOT OF LAUGHTER AS LIONSGATE PLAY ANNOUNCES ITS LATEST NEW ORIGINAL, “FEELS LIKE HOME”

 Bengaluru, 24th Aug 2021 : Lionsgate Play, a premium streaming service on STARZ’s global subscription platform announced the production of its next Indian Original ‘Feels Like Home’.  The coming-of-age series, steered by Sidhanta Mathur and starring talented young heartthrobs Prit Kamani, Anshuman Malhotra, Vishnu Kaushal and Mihir Ahuja, joins a star-studded Lionsgate Play slate of original series that already includes the remake of Lionsgate’s U.S. hit series ‘Casual’ and the college romance drama ‘U Special’. 

“Feels Like Home” (working title) chronicles the lives of four boys in their 20s, Lakshay (Prit Kamani), Sameer (Anshuman Malhotra), Avinash (Vishnu Kaushal) and Akhil (Mihir Ahuja), who move into their first house away from home together. The series provides a fascinating peek into their lives, showcasing their eventful journey and transition from boys to men, in a candid, witty storytelling style. The primary director of the series is Sahir Raza

Sidhanta Mathur is well known for his powerful stories bending stereotypes with titles like ‘Little Things’, ‘Minus One’, and ‘What the Folks’. Popular among millennials as a content curator, Vishnu Kaushal has earned a reputation for addressing burning social issues.  Prit Kamani became a household name with his recent hit filmMaska’.  Versatile Anshuman Malhotra won accolades for his first film ‘Haider’ and has seen his career continue to evolve while Mihir Ahuja adds a charismatic touch to the story, recently portraying thenaive young boy next door in the mini-series ‘Feels Like Ishq’. 

Lionsgate is a global content leader associated with top Indian artists Lara Dutta,  Prateik Babbar, Sumeet Vyas, Arjun Mathur and many others as well as talented directors Kunal Kholi, Akarsh Khurana and Adhaar Khurana. Lionsgate Play’s growing roster of Indian original series joins the studio’s global slate of bold, edgy premium series including ‘Heels’, ‘Love Life’, ‘Power Book III: Raising Kanan’ and ‘Power Book II: Ghost’. 

Announcing the latest addition to the Originals slate, Rohit Jain - Managing Director Lionsgate South Asia and Networks - Emerging Markets Asia, said, “At Lionsgate Play we are looking to create a fantastic mix of premium content from Global to Indian. Our Indian original slate is well rounded with stories from an urban family to a college drama and now a sneak peek into the lives of four boys who our viewers will love. We want to tell more local stories and bring them to a global audience by continuing to expand our slate of Indian Originals across languages and genres. We’re proud to add our latest original series featuring cutting edge young talent that will resonate with our audience.” 

“Feels Like Home” is a show revolving around four youngsters and how they deal with what life is throwing at them. We have a very talented cast on board, and we’re so happy to have the series presented exclusively on Lionsgate Play, which has become the new go-to entertainment platform for young adults.” added Sidhanta Mathur – Founder, Writeous Studio and the Creator of “Feels Like Home.” 

 

About Lionsgate Play  

Lionsgate Play, a premium streaming service from Lionsgate India and Starz, offers bespoke Hollywood content for Indian consumers. It boasts thousands of hours of Premium Hollywood content including Premieres, billion-dollar Franchise Movies and binge worthy Box Sets. Lionsgate Play has a widely distributed network in the region spanning partnerships like Vodafone Idea, Bharti Airtel, Jio FTTH, Apple TV+, Amazon Firestick, OEM’s with an ambitious roadmap ahead. Lionsgate Play also develops and produces a diverse slate of high budget premium Indian originals. 

RapiPay appoints Nipun Jain as “Chief Executive Officer”

 Bengaluru, 24th Aug 2021 : RapiPay, India’s leading assisted payments Fintech company announced the appointment of Nipun Jain as the Chief Executive Officer (CEO) of the company.  

Mr. Jain has a rich experience of three decades as a Retail Banking professional with expertise in setting and scaling up of businesses. He is proficient in managing large retail assets, business banking, and branch banking franchise. Prior to joining RapiPay, he has previously worked with Yes Bank and ICICI Bank.  

“RapiPay intends to be one step ahead in the growing fintech space and is set to take the lead by getting into newer businesses to fulfill country’s ever-growing demand for banking, financial and payment services. Nipun Jain’s appointment as CEO is a crucial step on that path and I wish him continued success in his new role and look forward to greater achievements” said S.K. Narvar, Promoter, RapiPay Fintech Pvt. Ltd. 

“I am also excited to see how RapiPay will continue to grow, evolve and be a one stop destination providing a digital financial ecosystem to Indian consumers” added Mr. Narvar 

The leadership rejig at RapiPay is with an objective to gain foothold in Neobanking domain and thus expand the company’s business further. RapiPay is working on expanding its footprint in the rural areas and Tier II cites to foray into newer businesses such as digital lending, POS, Digital Cards, Investments, Insurance and other financial services 

Sharing this news, Mr. Yogendra Kashyap, MD, RapiPay Fintech Pvt. Ltd. said, “Nipun Jain has an impressive track record in various banking services, and I am happy to welcome him as the CEO of the company. His proven leadership, deep expertise in Banking and passion for client-driven innovation will make him the ideal fit to lead RapiPay into its next chapter.”  

On his new role Nipun Jain said, “I am extremely excited to lead the team at RapiPay, joining an organization that is well-positioned to grow the financial inclusion to the last mile in the country by shaping the future of assisted payments and financial services through Neo banking” 

Nipun Jain joined Yes Bank in 2013 as President of Retail Consumer Loan and was elevated as Group President, heading the SME business of Yes Bank. He has also held the position of Product Head at the ICICI Bank from 2006 – 2013. Jain brings with him a rich repertoire of experience in growing and managing retail business, developing process, products, and retail franchisee with focus on profitability.  

RapiPay has witnessed a robust growth of 25% month on month since January 2021. The number of direct business outlets have also increased from 1.5 Lakhs in Jan 2021 to 3 Lakhs in August 2021 and plans to grow it to 1 million in the next 2 years. 


About RapiPay 

S.K. Narvar promoted RapiPay Fintech Pvt. Ltd., a subsidiary of Capital India finance Limited,is instrumental in growing financial inclusion services in the country. With a network strength of over 3 lakhs Direct Business Outlets providing services like AEPS, Micro ATM, Bill Payments, Money Transfer etc., RapiPay is serving more than 15 million underbanked consumers monthly. RapiPay is soon launching its Neobanking services and is building a complete digital financial services ecosystem for Indian consumers.  

Netafim India Introduces Revolutionary “Portable Drip Kit” for Today’s Farmer

 Bengaluru, 23rd August 2021 : Netafim India, a leading smart irrigation solution provider, has unveiled revolutionary “Portable Drip Kit” – a comprehensive all-in-one irrigation solution that is easy to install and comes at an affordable price. The kit is designed, particularly for small farmers with farmland up to one acre that offers installation assistance without additional labour. The Portable Drip kit is available across India through Netafim’s dealer network. It is suitable for all types of Rabi and Kharif crops varieties including vegetables, cucurbits, close spacing crops etc. 

 

The company through the launch of the Portable Drip Kit aims to cover 10,000 hectares of land under irrigation and reach 25,000 farmers across India in the upcoming year. In Karnataka, the company intend to reach additional 5% of the farmer community and cover ~1500 hectare of the marginal farmland under drip irrigation. 

  

Addressing the diverse operational and environmental needs of today’s farmers, the kit with several Netafim systems under one umbrella provides user-friendly, lightweight and moveable solutions to match their unique requirements. Designed for irrigation of 4500 m2 fields, all the products and parts can be easily installed and dissembled after use to relocate at a convenient storage space. Additionally, the kit is integrating advanced durable drippers that provide excellent operational performance. 

 

The key component of the kit is FlexNet™ - a ground-breaking leak-proof flexible mainline and manifold piping solution that offers precise water delivery solution and increases water savings as well as improves crop performance potential through enhanced system performance. It reduces weeding and muddy spots thanks to perfect sealing between the patented outlets and the pipe, which guarantees to provide top performance over many years. It offers a full line of lateral connectors compatible with all Netafim systems. The white colouring offers thermal resistance and can withstand high chemical and UV exposure. 

 

Speaking about innovation, Mr. Randhir Chauhan, Managing Director - Netafim India, commented, “Netafim India focuses its energies on simplifying cultivation process for farmers and empowering them on the road to growth. We understand that most farmers in India hold fragmented land pieces smaller than 1 acre. Such conditions make crop cultivation a daunting and challenging task for them. The debut of Portable Drip Kit is a result of Netafim’s continued commitment to offer convenient technology, especially to marginal farmers for improved yield potential and productivity, while reducing costs, labour and bring efficiency to water use.” 

 

The Portable Drip Kit includes all needed components for field installation and operation that comprises of Screen filter, FlexNet pipe, Dripline and Connectors. 

 

Contact details: 1800-103-2000  OR   Email: response@netafim.com 

Sonu Sood backed GoodWorker Appoints ex QukirJobs - Amit Jain as Chief Executive Officer

 Bengaluru, 23rd Aug 2021 : Backed by the Lemmatree Group, noted actor, Sonu Sood and Schoolnet; GoodWorker, a digital platform aiming to help blue/grey collar workers in India and transform their lives through career enhancement opportunities, has fortified its senior leadership with the appointment of Amit Jain as its CEO. 

In a career spanning over two decades, Amit has led large cross-functional teams across industries. He is passionate about the technology space and believes in the potential of digital platforms to transform lives. He is a business leader with a strong understanding of how to build and make business sustainable. In his previous stint, with Quikr, Amit Jain was instrumental in building QuikrJobs from scratch and turning it into a profitable business. Along with his focus on key departments he was also spearheading the HR function 

Glenn Gore, Group CEO, LemmaTree said, “Finding a CEO who has strong alignment to the GoodWorker vision was critical to deliver the impact that GoodWorker can have on  blue/grey collar workers, this was a search that we were not going to rush or compromise on. 


We wanted to make sure that the person we get to lead the company is not just result driven but is aligned with our core objective of 'transforming lives' of millions of youth across India. Amit is the perfect choice for the role, given his strong understanding of the industry and his belief in the purpose. Looking at his strong leadership skills and empathetic attitude, we are confident that his ideas and strategies would accelerate GoodWorker’s growth." 


On his appointment, Amit Jain, CEO, GoodWorker said, “GoodWorker's vision for becoming an all-encompassing digital life partner for the youth in India in the blue/grey collar job space is both inspirational and ambitious. Realising this vision requires a multi-pronged approach with a strong ability to invest & execute in a sustained manner; I believe, this is something that we would be able to deliver on, especially with the partner ecosystem, the team that we have put together & given the strong backing of the Affinidi group.” 

Amit Jain has graduated from Institute of Technology (Banaras Hindu University), Varanasi and has done his PGDBM in Sales & Marketing from XLRI, Jamshedpur.  

 

About GoodWorker 

GoodWorker is a digital platform, which aims to transform the lives of youth in India by providing direct, trusted & efficient access to blue/grey collar entry level jobs and quality of life services. It harnesses Affinidi’s digital verifiable credential technology to enable the youth to access various lifestyle services such as identity, finance and more. The company’s vision is to create value for youth and employers, impacting 100 million lives by 2030 

GoodWorker is headquartered in Bengaluru, India, and Affinidi Group in Singapore with a hub in India, Berlin and Germany. For more information, please visit www.goodworker.in and www.affinidi.com.  

OMRON Healthcare India Initiates Pathbreaking AI-Based Hypertension & ECG Remote Monitoring Collaborative Trial with Tricog and Sakra World Hospital

 Bengaluru, 17th Aug 2021 :  OMRON Healthcare India, the leading player in the “digital home blood pressure monitoring” segment, has announced the initiation of India’s first-of-its-kind AI-based collaborative trial program in the field of remote patient monitoring. The program, targeted at patients that have undergone surgical procedures or ablation for the treatment of cardiovascular diseases, aims to establish the relevance & role of remote hypertension & ECG monitoring for strengthening the treatment & care regime to reduce cardiovascular complications and deaths.  

 

According to worldwide surveys on human atrial fibrillation, around 27% of the patients experience recurrence of atrial fibrillation (AFib) after ablation treatment. This underlines the importance of real-time and continuous monitoring of ECG along with blood pressure at home in order to help the doctors take more informed and timely decisions.  

 

“OMRON aims to expand its presence in the remote patient monitoring segment which is gaining lot of significance in the healthcare ecosystem of India. Post collaborating with varied AI based healthcare applications in the personal healthcare monitoring domain, we are all set to move ahead and strengthen our value addition in the hospital care management with this endeavor. With the right partners on board, we are optimistic of receiving good results from the trial. It will help us to propel ahead our vision of ‘Going for Zero’ cardiovascular diseases by collaborating OMRON’s vital sensing technology with AI of Tricog & doctors’ support at Sakra World Hospital,” said Masanori Matsubara, MD, OMRON Healthcare India.  

 

The study in the trial will explore two core possibilities - how technology can enable monitoring of ECG at home and how AI can enable timely intervention in the postoperative cardiovascular patients. The aim is to achieve further improvement of cardiovascular disease management coupled with high blood pressure management in a remote environment.  

 

About the trial:  

 

OMRON Complete™ Blood Pressure monitor equipped with ECG capabilities is provided to Sakra World Hospital’s patients, Bengaluru, who have undergone surgical / ablation cardiovascular procedures. At discharge, patients are trained to use the OMRON device to measure their BP and ECG at home daily. The Vital signs and the ECG data are transmitted to Tricog Health, one of the world’s largest Health AI companies, that provides AI-enabled real-time monitoring of the patient’s condition. Using Tricog’s platform and proprietary AI technology, the multidisciplinary care team of Sakra World hospital monitors the health of their patients, enabling remote diagnosis of life-threatening conditions and preventing complications before they occur. In addition, the patients can connect with Sakra World Hospital’s experts from the comfort of their homes 24x7. 

 

According to Dr Charit Bhograj, Founder and CEO of Tricog Health, “Our vision is to enable access to the best of medical care, that is majorly available at tertiary care hospitals only, to the patients at home and that too at the time they need it the most. Empowering doctors to save more lives with the help of innovative technology and advanced AI algorithms is the future of healthcare where problems are detected before they lead to serious adverse events. We are happy to find it completely in sync with OMRON’s vision of ‘Going For Zero’ cardiovascular events and hope to achieve a significant milestone in the remote cardiac healthcare management sector in India with this trial.”  

 

 

 

Dr Sreekanth of Sakra World Hospital, Bangalore said "For patients with blood pressure, risk of heart arrhythmias and stroke is persistent and threatening over the long term. Identifying intermittent out-of-hospital events will help early initiation of appropriate treatment.  Monitoring heart rhythm need not end at the moment of discharging patient from the hospital.  This trial will show us how the device and analysis on the data will effectively improve the patient care after discharging patients of cardiovascular diseases." 

     

As per World Heart Federation, Cardiovascular disease, including heart disease and stroke, is the most common non-communicable disease globally, responsible for an estimated 18.5 million deaths, of which more than three quarters occur in low-income and middle-income countries (including India). By the year 2030, the UN Sustainable Development Goals aim to reduce premature mortality from non-communicable diseases by a third.  

 

Hypertension, the ‘silent killer’ has long been recognized as one of the major risk factors for cardiovascular disease and premature deaths worldwide. According to the World Health Organization, in 2015, raised BP was responsible for 7.5 million deaths, about 12.8 per cent of the total of all deaths globally.  

 

In India, it is a growing problem and causes significant burden on the health system. According to the GBD study, hypertension led to 1.63 million deaths in India in the year 2016 alone. It also showed that over half of the deaths due to ischemic heart disease (54.2%), stroke (56.2%) and chronic kidney disease (54.5%) were attributable to high systolic BP. A cross-sectional, population-based study on a large nationally representative sample of 1.3 million individuals revealed that the crude prevalence of hypertension in India was 25.3 per cent between 2012 and 2014. Its prevalence is common even among younger age groups. It says approximately one out of every 10 individuals aged 18-25 suffers from it. 

 

In 2015, OMRON Healthcare announced its Going for Zero vision for its cardiovascular business, with the goal of achieving zero cardiovascular events, expanding its business domain from blood pressure measurement to innovative devices including a wearable blood pressure monitor, and healthcare management services across the globe. Along with India, the company has also rolled out remote patient monitoring services in US, UK and Singapore. Under these new services, biological data sets, measured at home, can be shared with healthcare professionals, supporting them with better insight in their patients’ health conditions and required treatment plans, contributing to the Going for Zero vision.  

*** 

 

About OMRON Healthcare India:  

Committed to helping people live more active and fulfilling lives, OMRON Healthcare is a global leader in the field of clinically proven, innovative medical equipment for health monitoring and therapy. Throughout its history, OMRON Healthcare has been striving to improve lives and contribute to a better society by developing innovations that help people prevent, treat and manage their medical conditions, both at home and in clinical practice in over 110 countries. 

 

The OMRON Healthcare Group, headquartered in Kyoto, Japan, provides World’s No.1 blood pressure monitors (Global Home Appliance Market Comprehensive Survey 2020 by Fuji Keizai Co.,Ltd.(2019)). The company’s additional core product categories are respiratory care, pain management devices, and wellness products. It also develops and activates remote patient monitoring service in the field of cardiovascular condition management.  

 

Established in 2010, OMRON Healthcare India has established itself a key player in the health monitoring segment in the country providing high quality blood pressure monitors, respiratory therapy devices, body fat monitors, digital thermometers, pain management devices, etc. It is the most recommended brand by doctors for blood pressure monitors and has been making rapid strides in the nebulizers segment too. 

To learn more, please visit:  

https://www.omronhealthcare-ap.com/in;   

https://www.omronbrandshop.com/  

    

 

About Tricog:  

 

Established in 2015, Tricog Health is a Singapore based healthcare company that leverages technology and medical expertise to make quality cardiac care accessible to every patient across the globe. With virtual diagnostic services that provide an accurate, timely and consistent diagnosis of cardiac conditions, today, Tricog has already served more than 6M patients by aiding 12K healthcare providers across the globe through a suite of cloud-based, AI-aided services - InstaECG and InstaEcho. Tricog solution continues to save precious lives by timely prediction and detection of cardiovascular ailments enabling timely treatment. 

RV University announces a pan-India “filmmaking competition for high school students”

 Bengaluru, 17th Aug 2021 : The School of Liberal Arts and Sciences, RV University Bengaluru, announces the “Teen Indie Film Awards” (TIFA). The competition is open for entries and participation from high school students from classes IX to XII, in the age group from 14 to 18 years. Interested participants may submit short films (3-7 minutes) in five thematic categories: Nature and Environment, Local History and Legends, My Hero (from family, teachers, or community), Being a Teen or Abstract Art.  

Announcing the contest, Professor Y.S.R. Murthy, Vice Chancellor, RV University, said, RV University is a research-based, multidisciplinary institution which aims at holistic excellence. With TIFA, our School of Liberal Arts & Sciences will offer a unique platform for high school students to stimulate their creative thinking and bring out the art of narration through film making. This contest will be a gateway into world of cinema for young talented individuals and help them discover their passion for creativity.” 

Submissions for the awards are currently open, and interested students keen to showcase their creative skills are encouraged to submit their short films for consideration. All you need is a camera – basic or even the one on smartphones; step out or look around – observe, record, and create. The short films need not be story driven only as the competition is looking for entries both in fiction and emerging genres of non-fiction like interview-driven narratives, a visual collage, experimental shorts, and documentary formats. Participants can work in a team or individually. The last date for submission is 30th September 2021.  

Commenting on the contest, Prof. (Dr.) Piyush Roy, the Dean of the School of Liberal Arts and Sciences, RV University said, “A plethora of film festivals and film competitions are being organised for aspiring young filmmakers at the undergraduate college level and beyond today. However, there aren’t many platforms to showcase teenage or school-level filmmaking talents. Given the increasing comfort and engagement of the young with the visual medium, this would make for a perfect opportunity for them to express their creativity. TIFA aims to provide a platform to our young citizens and encourage them relate to filmmaking as a medium of innovative ideation and expressive articulation of life.” 

 

The short films will be judged by a highly accomplished jury comprising of global achievers, artists, and academicians. Winners get the unique opportunity to showcase their creations through public and virtual screening opportunities hosted by RV University at its Bengaluru campus and on its digital and owned media assets. Nominees will get citations and the winners receive scholarships to pursue their undergraduate education at the School of Liberal Arts and Sciences at RV University.  

The longlist of selected films will be announced on 15th October 2021, and nominations will be announced on 1st November 2021. The award ceremony and screening of the films by the finalists will take place on Children’s Day, 14th November 2021.  

The School of Liberal Arts and Sciences, also offers two film-centric majors – a BSc in Filmmaking and a BA in Film Studies – offering valuable, necessary training for future makers of purposeful cinema, and critics and film researchers, respectively.  

For any further queries and further FAQs on submission guidelines, please log on to rvu.edu.in. Registrations can also be done online through the QR code in the attached poster or the following link: https://bit.ly/3fIEJsZ 

 

About RV University: 

RV University is Karnataka’s newest private varsity that has begun admissions for 2021-22 academic year. RV University was established through a Karnataka legislation in 2019 and it came into force on June 16, 2021. The School of Liberal Arts and Sciences at RV university offers eleven undergraduate degree programmes across the arts and sciences. Along with the School of Economics and Finance and the School of Design, students have the opportunity of choosing a range of specialisations and an interesting mix of majors and minors. RV University is sponsored by the Rashtreeya Sikshana Samithi Trust (RSST), which has a legacy of eight decades of institution building in education in Karnataka. 

FloBiz witnesses 250% growth in monthly active users; targets 7X growth by next year

 Bengaluru,17th Aug 2021 : India's fastest growing SMB-focused FinTech startup FloBiz is witnessing 250% growth in monthly active users and aims to achieve 7X growth by 2022. On the heels of raising Series A investment led by Elevation Capital, FloBiz is on a mission to accelerate the growth of SMBs through digitisation. The company is on a strong growth trajectory to enable small businesses to digitise their daily operations and make India self-reliant. Despite the intermittent lockdowns imposed due to the 1st & 2nd wave of COVID-19, FloBiz witnessed an increase in monthly active users & GST registered users of myBillBook - the company's flagship product helping SMBs in billing & accounting, taking the overall tally to 5 million downloads in 2021. The startup observed a 200% increase in business volume amounting to transactions, recorded over USD 883 million transactions in July on the myBillBook app. 


 

Remarking on the growth, Rahul Raj, Founder & CEO of FloBiz said, “As we reflect on our growth in the past year, we continue to recognise the importance of product innovation and customer obsession. There is a growing demand in the segment as businesses undertake digital transformation journeys. We are geared to serve our SMB partners and help them sail through these challenging times. Our flagship product myBillBook is designed to help business owners manage invoicing, inventory, and receivables/ payables while easily digitising other aspects of their daily operations directly through their mobile phones.” 

 

He further added that “Our growth is testimony to the faith our SMB partners have placed in us. We will continue to develop & deliver deeper solutions to power their growth and enable a seamless start to their digitisation journey. ”  

 

Keeping in line with its exponential growth, FloBiz plans to increase its engineering, product & data workforce by 3X in the next 6 months.  

 

  1. About FloBiz: 

    FloBiz is India's fastest-growing SMB-focused FinTech startup that aims to accelerate the growth of small & medium businesses through digitisation. Founded in 2019 by IIT & BITS alumni, FloBiz is a FinTech backed by renowned investors like Elevation Capital, Greenoaks Capital and Beenext. The startup is chasing the mission of digitisation to contribute to the building of an Aatmnirbhar Bharat by solving the most pressing problems of the Indian SMB sector. FloBiz launched its flagship product, myBillBook, in early 2020, and it has become one of the highest rated business apps in India on the Google Play Store. 

     

    About myBillBook: 

    myBillBook has been designed to aid SMB business owners to run their operations from anywhere & anytime. It is available on both mobile & desktop and provides a secure platform for business owners to record transactions & track business performance on the go. It is an ideal software for GST registered businesses where invoicing is one of the core business activities. Also, businesses looking to digitise their operations to understand their financial position better can use this product. It helps them create bills (GST & non-GST), record purchases & expenses, maintain stock and manage payables/ receivables directly from their mobile phones or computers. Also, the app generates critical business reports that help owners make effective business decisions. myBillBook is currently available in English, Hindi, Gujarati & Tamil. 

     

    App Features:  
  • Quick Billing (GST & non-GST) 
  • Stock management with low stock alerts & inventory categorisation  
  • GSTR & other business reports generation 
  • Payment collection through UPI  
  • Real-time cloud backup  
  • Multiple invoice formats  
  • Multiple businesses management 
  • Multi-User/ Multi-Staff logins 
  • Multi-device logins 
  • Automated payment reminders 
  • Thermal Printer support 
  • Online Store 
  • Greetings & Business cards  
  • Transactions and outstanding tracking 
  • Available in regional languages: English, Hindi, Gujarati & Tamil 

     

    Benefits:  
  • Live Sync (Mobile<-> Computer) 
  • 24*7 chat and call support 
  • Works offline and online with the auto-sync facility 
  • Helps in stock management 
  • Provides advanced business reports 

Friday, August 13, 2021

Matrimony.com Ltd announced its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2021, as approved by its board of directors

 Bengaluru, 13th August 2021: Matrimony.com Limited, the leading online matrimony company, announced its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2021, as approved by its board of directors. 


Murugavel Janakiraman, Chairman and Managing Director said, “We have delivered yet another good quarter with strong y/y billing, revenue and profitability growth.  This is a result of keeping our purpose at the core; the mission to create happy marriages, happy families and in turn, building a better Bharat. This purpose is reinforced through continued product innovation to enhance market positioning, customer experience and growth momentum”. 

Key financial highlights for the quarter ended June 30, 2021 

Consolidated 

  • Billing at Rs 105.2 crores (decline of 1.4% q/q and growth of 29% y/y) 
  • Revenue at Rs 105.5 crores (growth of 4.3 % q/q and 21.5% y/y) 
  • Profit After Tax (PAT) at Rs 13.8 crores (growth of 36.5% q/q and 47.6% y/y) 

Matchmaking 

  • Billing at Rs 104.7 crores (decline of 1.3% q/q and growth of 29% y/y) 
  • Revenue at Rs 104.9 crores (growth of 4.2% q/q and 21.8% y/y) 
  • Added 2.2 lakhs paid subscriptions during the quarter (growth of 31.6% y/y) 

Other highlights 

  • During July 2021, the Company has signed definitive agreements to acquire a 100% stake in Boatman Tech Private Limited, promoters of ShaadiSaga.com, as approved by its Board of Directors. The acquisition will be by way of share purchase from the existing shareholders for an aggregate consideration of Rs 11 crores (subject to adjustments at the time of closing). The transaction is subject to customary closing conditions and regulatory approvals. 

About Matrimony.com limited 

Matrimony.com is India’s leading consumer Internet Company. It is a signature consumer internet conglomerate, managing marquee brands such as BharatMatrimony, CommunityMatrimony and EliteMatrimony. BharatMatrimony is considered the largest and most trusted matrimony brand which has also established a considerable retail presence with over 120 self-owned retail outlets across India.  The Company delivers matchmaking and marriage related services to users in India and the Indian diaspora.  The Company has pioneered several new business models such as WeddingBazaar.com, Mandap.com and CommunityMatrimony.com, a consortium of over 300 community matrimony websites. 

For more details, visit https://www.matrimony.com 

Safe Harbour 

Certain statements in this release could be forward-looking statements on our business.  These involve a number of risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements.  We do not undertake to update any such forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law. 

CHOLA MS ENHANCES THEIR DIGITAL OFFERINGS TO BE A HOLISTIC DIGI-SMART INSURER!

 Bengaluru, 13th August 2021:Cholamandalam MS General Insurance Company, a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group, Japan, has expanded its digital offerings further to enhance customer satisfaction with the adoption of new digital advancements.  


The company has recently introduced WhatsApp – Bot to their existing features made over the years, to embark on their journey towards becoming a fully digi-smart insurer. Their new feature is aimed at connecting customers easily and to assist their grievances instantly. The company has already introduced a number of digital features such as web-based solutions, QR-based solutions, apps, bots, etc, that include Web Chatbot – Joshu for customers; intelligent OCR for motor and health claims; customer claims portal for health; digilocker integration and many more.  


Speaking on the same, V Suryanarayanan, Managing Director, Chola MS General Insurance, said: “We seek to enhance customer satisfaction with the adoption of digital innovative solutions and initiatives. This is in line with our company’s T3 philosophy which strives to uphold Trust, Transparency and Technology at all times. We are honoured to be recognized with the award `Celent Model of the Year 2021’, under the legacy and ecosystem transformation category. This is an acknowledgment of our efforts towards digital transformation with customer centricity as the primary goal.’ 


Chola MS introduces features with the aim of making innovation happen by adopting and enabling technologies to upgrade customer engagement platforms. All their digital initiatives are designed to deliver a hassle-free customer experience with the aim of providing uninterrupted insurance services virtually.  


About Chola MS: 

Chola MS General Insurance Company Limited is a Joint Venture between the Murugappa Group and Mitsui Sumitomo Insurance Company Limited, Japan.  

Chola MS offers a wide range of insurance products that include Motor, Health, Property, Accident, Engineering, Liability, Marine, Travel and Crop insurance for individuals and corporates. In FY 2019-20, the company achieved a Gross Written Premium (GWP) of INR 43,982 million. Chola MS currently has 135 branches and over 40,000 intermediaries across the country.  

Chola MS champions a brand philosophy called T3, which stands for Trust, Transparency and Technology. It has also been consistently recognised and awarded by the Government of India, international entities and ratings agencies for its insurance service and delivery innovations. 

Visit www.cholainsurance.com for more information about the company and its products.