Category: launch

ICAI to hold 2nd Edition of Startup Sphere Event from June 27-29 in Bengaluru; Aims to facilitate over USD 200 mn funding to startups from Investors

Posted on by City Today News (City today.media)

·         More than 10,000 people from the startup ecosystem expected to Participate in the 3-day Event

Bangalore, May 23rd 2024: The Institute of Chartered Accountants of India (ICAI) hosted a curtain-raiser press conference in Bangalore for the upcoming Startup Sphere 2024 event, scheduled from June 27th-29th, 2024, in Bengaluru, the “the tech city of India.” The event aims to bring together the dynamic startup community, including partners, unicorns, leading influencers, founders, investors, leaders, and entrepreneurs, to discuss a broad range of topics related to the startup ecosystem. The goal is to raise awareness, foster idea generation, facilitate capacity building, and offer support for the growth of India’s startup ecosystem.



Building on the resounding success of last year’s inaugural Startup Sphere event in Mumbai, which saw an estimated USD 100 million commitment of funding from 60 pitches presented to 75 investors, this year’s event is poised for even greater achievements.

Sharing insights about the Startup Sphere 2024 event, CA. Ranjeet Kumar Agarwal, President, ICAI said, “I am proud to highlight the remarkable growth of India’s startup ecosystem, now the third largest globally. After the success of the inaugural Startup Sphere event in Mumbai last year, we have decided to hold the event in the tech and startup hub of the country, Bengaluru. The Startup Sphere 2024 is scheduled from 27th to 29th June, 2024. We are expecting to arrange more than USD 200 million funding this year. More than 10,000 people are expected to participate in this three-day event that aims to connect entrepreneurs and investors, wherein startups can share their ideas and get investments. The stakeholders can reach out to ICAI for regulatory compliance, advisory on financial management.”



President further added, “We have over 4 lakh members of which around 1.6 lakh Chartered Accountants are in practice. Rest 2.4 lakh members are working in every facet of the financial ecosystem, be it venture capital, investment finance and private equity, their expertise extends throughout contributing significantly to India’s startup success story.”



Sharing more details on the upcoming mega event, CA. Dheeraj Kumar Khandelwal, Chairman, Committee on MSME & Startup of ICAI, said, “The Startup Sphere 2024 event is set to feature 100 exhibitors and 200 startups pitching their innovative ideas to an estimated 100 investors from Bangalore alone. Representatives from over 100 ICAI branches across India will also attend along with eminent Ministers, unicorns, entrepreneurs, government officials. Notably, more than 15 unicorns are expected to participate, adding to the event’s prestige and networking opportunities.”





The ICAI Startup Gateway is a testament to ICAI’s dedication to promoting entrepreneurship, driving innovation, and empowering startups as key contributors to India’s economic progress. The key focal point of Startup Sphere 2024 includes Emerging Trends in Startup Ventures, AI & Machine Learning for Startups, the Intersection of Technology and Entrepreneurship, Digital Transformation & Marketing for Startups, Block Chain and Data Mining etc.



ICAI stands as a steadfast supporter of startups, providing them with crucial resources, mentorship, and a nurturing environment for sustainable development. With a strong connection to the MSME sector, ICAI offers financial advisory services, project financing, and expertise in working capital management, among other valuable services. As a pivotal player in India’s vibrant startup ecosystem, ICAI is committed to fostering the growth of startups and acknowledging their indispensable role in driving economic prosperity and fostering innovation.



The Startup Sphere 2024 event is supported by the Department for Promotion of Industry and Internal Trade (DPIIT) through the Startup India, Ministry of Electronics and Information Technology (MeitY), Software Technology Parks of India (STPI) and Karnataka Innovation and Technology Society (KITS). This collaborative effort underscores the shared commitment to fostering innovation, entrepreneurship, and economic growth in India. Through knowledge-sharing, networking opportunities, and strategic partnerships forged at this event, we aim to catalyze the development of startups and contribute significantly to India’s vibrant entrepreneurial landscape.

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Varthana Secures 3 Million Euros (INR 27 Crores) Funding from Triodos Investment Management

Posted on by City Today News (City today.media)

Bengaluru, 20, May 2024: Varthana, a leading Non-Banking Finance Company (NBFC) in the affordable education sector, has successfully secured 3 million Euros (INR 27 crores) funding from Triodos Investment Management through Non-Convertible Debentures (NCD). This funding marks a significant milestone in Varthana’s mission to empower the education sector in India.
Netherlands-based Triodos Investment Management, known for its commitment to sustainable and impactful investments, recognizes Varthana’s dedication to providing accessible financing solutions to educational institutions across India. The funding – provided through Triodos Fair Share Fund – will enable Varthana to further expand its reach and support more schools and students in upgrading their infrastructure, facilities, and educational foundation.

Commenting on this round of funding, Mr. Steve Hardgrave, Co-Founder and CEO of Varthana, stated, “We are thrilled to have Triodos Investment Management on board as a partner in our journey to transform education financing in India. The funding provided to Varthana reflects a shared vision of driving positive social impact and the importance of innovative financing solutions in addressing the challenges faced by the education sector. This investment reaffirms our commitment to making quality education accessible to all and will fuel our efforts to empower more educational institutions across the country.”
Varthana has been at the forefront of revolutionizing the education financing landscape in India since its inception. It has played a crucial role by financing more than 11,000 affordable private schools and facilitating over 16,500 loans for school expansion and renovation. With a presence in 16 states/union territories and 40 branches, Varthana also extends its services to Tier III and Tier IV cities, significantly contributing to fostering accessible education in India.

Dorian Marquer, Head of Corporate Debt Asia/ECCA Triodos Investment Management, stated: “We are very pleased to add Varthana to our financial inclusion portfolio. This investment shows that financial inclusion also plays a role in addressing other pressing issues, such as access to affordable quality education, which is seen as a key pillar to alleviate poverty. Education is an empowering force in the world and Varthana plays a very important role to equip children across India with the qualities and skills to shape and build their future.”

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HCLTech Grant India 10th edition launched; NGOs invited to apply

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BANGALORE, India, May 20, 2024:HCLFoundation, which drives the corporate social responsibility agenda of global technology company HCLTech in India, has launched the 10th edition of HCLTech Grant India to provide a platform for NGOs to unleash their potential and create sustainable change in communities.

The 10th edition of HCLTech Grant India provides funding of ₹16.5 Crore (~$2.2 million) to nine NGOs, selected by an esteemed jury. The grant will be provided to pioneering projects in sustainable rural development across the themes of environment, health and education. The last date for submitting applications on hclfoundation.org/hcltech-grant is June 25, 2024.

“HCLTech Grant signifies our commitment to supporting grassroots organizations and empowering them to make a real difference in the lives of people across India. We look forward to reviewing the innovative projects by NGOs across India and supporting impactful initiatives through HCLTech Grant,” said Nidhi Pundhir, Vice President, Global CSR, HCLTech & Director, HCLFoundation.

So far, ₹146.95 crore (~$18 million) has been committed by HCLFoundation through HCLTech Grant. In the 9th edition of the grant, The Corbett Foundation (covering 16 villages in one district of Gujarat), Sangath (covering 4,060 villages in three districts of Madhya Pradesh) and Makkala Jagriti (covering 451 villages in one district of Karnataka) received ₹5 crore (appx. $609,000) each for their projects of four-year duration in environment, health and education, respectively.

Each year, HCLFoundation publishes The Fifth Estate – The HCLTech Grant Compendium, a comprehensive, photo-documented assessment of 30 shortlisted NGOs, highlighting the best practices in the areas of Environment, Health and Education. The selection of awardee NGOs is done through a rigorous seven-step screening process that involves reviewing applications and proposals, field audits and due diligence.

To learn more visit http://www.hclfoundation.org

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Acer Launches Acerpure Consumer Electronics brand in India with TVs, Water Purifier, Air Circulator Fans, Vacuum Cleaners, Personal Care products, and more

Posted on by City Today News (City today.media)

Inks MoU with Dixon Technologies to “Make In India” on a range of consumer appliance products.

Bengaluru, 16th May 2024 : Acer Group, a global leader in IT and technology solutions, announced its entrance into the consumer electronics market with the launch of Acerpure brand in India at a glittering launch event in Bengaluru. Acerpure India is poised to transform the industry by offering an array of innovative and cutting-edge consumer electronics and home appliances tailored to the unique requirements of Indian consumers.

The launch event was graced by Mr. Andrew Hou, President of Pan-Asia Pacific Operations at Acer Group; Mr. Harish Kohli, President & Managing Director of Acer India, Sudhir Goel, Chief Business Officer, Acer India; Stanley Kao, President, Acerpure Inc.; Vasudeva. G, Director, Acerpure India, and Sunil Vachani Co-founder and Executive Chairman from Dixon Technologies.
Acerpure India introduces a comprehensive array of consumer appliance products, each meticulously designed to elevate everyday living. From the captivating allure of ‘pure vision’ embodied in our state-of-the-art TVs to the rejuvenating ‘pure breath’ offered by their cutting-edge Acerpure Cool Air Purifiers, while Acerpure Amrit Water Purifiers promise not just hydration, but the assurance of ‘pure water’, while the advanced Acerpure Cozy Air Circulator Fans and the pristine cleanliness achieved by their Acerpure Clean Vacuum Cleaners evoke sensations of ‘pure comfort’ and ‘pure feel’. Acerpure India’s innovative lineup epitomizes a new standard in consumer appliances for the discerning Indian market.
At the launch event, Acerpure unveiled its flagship product, Acerpure TV, featuring state-of-the-art technology and an immersive viewing experience. Launched in 4 sizes 32, 43, 55, and 65 inch, Acerpure TVs boast enhanced contrast, deeper blacks, and dazzling brightness, ensuring every scene comes to life with breathtaking clarity and vibrancy. Boasting outstanding sound clarity with Dolby Atmos, a thin bezel design, multiple connectivity options, and a powerful processor. With a future roadmap including OLED TV, Mini LED TV, Gaming TV, and more Acerpure TV series is set to bring a new dimension to the Smart TV market in India.
Additionally, Acerpure showcased a diverse range of consumer electronics products, including Air Circulator Fans, Water Purifiers, Hand-held Vacuum Cleaners, two robotic Vacuum Cleaners, Hair Dryer, and Hair Styler, highlighting its commitment to providing comprehensive solutions for modern living. Looking ahead, Acerpure India plans to diversify its offerings, introducing a range of products including, refrigerators, Air Conditioners, Washing Machines, and more.
Another highlight of the event is an announcement on a Make-In-India partnership between Acerpure and Dixon Technologies, the leading Indian electronics manufacturer, wherein Dixon will undertake the manufacturing of Acerpure products in its facilities starting with state-of-the-art TVs. This development marks a significant stride in India’s pursuit of self-reliance and global competitiveness in the electronics domain, aligning with the “Make in India” initiative. This strategic partnership is poised to uphold unwavering quality standards while substantially bolstering India’s economic advancement. Leveraging local manufacturing capabilities, this collaboration is not only set to empower local talent but also catalyze technological innovation and foster job creation.

Commenting on Acerpure’s launch in the Indian market Andrew Hou, President of Pan-Asia Pacific Operations at Acer Group., said, “We are excited to launch Acerpure in India. The Indian market holds immense potential for Acerpure’s growth and innovation. With our focus on technological excellence and sustainability, we are well-positioned to meet the evolving needs of Indian consumers. As we venture into this new market, our dedication to innovation remains unwavering. Acerpure represents more than just a product launch; it signifies the dawn of a new era in home appliances and consumer electronics with a key focus on Make-In-India.”
Harish Kohli, President, & Managing Director of Acer India, expressed his enthusiasm about the launch, “As we embark on this transformative journey with Acerpure’s debut in India, we are exhilarated by the opportunity to contribute to the nation’s burgeoning consumer electronics market. This milestone signifies our unwavering dedication to innovation and our heartfelt commitment to the vibrant Indian consumer electronics landscape. Through this collaboration with Dixon Technologies, we are poised to usher in a wave of locally manufactured products, aligning seamlessly with the Make in India initiative. This partnership embodies our shared vision of fostering economic growth and technological advancement within the nation. Together, we look forward to crafting cutting-edge solutions that resonate with the diverse needs and aspirations of Indian consumers, empowering them to embrace a brighter, technologically enriched future.”
Sunil Vachani, Co-founder and Executive Chairman of Dixon Technologies, expressed, “Through our enduring partnership with Acer, we have consistently upheld the values of local manufacturing and innovation. The introduction of Acerpure and our expanded collaborative efforts represent a significant stride towards enhancing India’s self-sufficiency and global competitiveness in the electronics sector. Aligned with the ‘Make in India’ initiative, our goal is to manufacture premium consumer products for both domestic and international markets, thereby stimulating economic growth and fostering innovation while nurturing local talent. This partnership underscores our unwavering commitment to delivering high-quality, Made in India products, marking a notable milestone in our relentless pursuit of excellence.”
As Acerpure embarks on its journey in India, the company remains committed to driving positive change and delivering innovative solutions that enrich the lives of consumers while preserving the planet for future generations.
PRICE AND AVAILABILITY
Acerpure Air Purifiers start from Rs 9990, and Acerpure Cozy Air Circulator Fan starts from Rs 7490.00. Both are available to purchase from the Acer Online Store, Acer Exclusive stores, and other leading online e-commerce platforms
Acerpure TVs, Water purifier, vacuum cleaner, and personal care products will be available in the market in the coming months.
Hashtags for Social Media – #acerpureindia #pureliving

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Crystal Crop Protection Limited Launches Scholarship Program Worth Rs 33 Lakhs for the 1st Year Empowering Girl Students in Agriculture Studies.

Posted on by City Today News (City today.media)

Launch of “Smt. Kanak Aggarwal NAAS Girls Scholarship”.



·         A total of 84 Scholarships every year (21 each for the girl students pursuing graduation program in 1st year, 2nd year, 3rd year and 4th year) in agriculture studies across State/Central Agricultural Universities

·         Crystal Crop to initially donate more than Rs 33 Lakhs for the first year which may further increase on response basis.

·         Scholarship in honour of Late Smt. Kanak Aggarwal who was keen for inclusion for girl students pursuing agriculture courses

·         Scholarship to be commenced from the upcoming July/ August 2024 session



Bengaluru, 10th May 2024- Crystal Crop Protection Limited, a leading agrochemical organization, announced its commitment to support the advancement of agricultural education and increasing women’s participation. In a collaboration with the National Academy of Agricultural Sciences (NAAS), the brand has announced the launch of its progressive scholarship program tailored specifically for girl students who are pursuing higher studies in agriculture. NAAS, is a Delhi-based National Academy dedicated to Agricultural sciences. The initiative, launched in the honour of Mr Ankur Aggarwal’s late mother Smt. Kanak Aggarwal, reflecting the commitment of Crystal Crop Protection Limited’s MD, who was eager to extend the benefit of the scholarship to girl students pursuing agriculture courses.



This special initiative promotes and encourages aspirations of next generation students by providing financial support and a plethora of opportunities to young women who are passionate about making a difference in the field of agriculture. The scholarship program will offer financial assistance to 21 girl students for pursuing graduation program in 1st year, 2nd year, 3rd year and 4th year making a total of 84 scholarships every year.



“At Crystal Crop, we hold in high regard the pivotal role that women play in India’s agricultural landscape. We are keenly aware of the hurdles they confront and champion the vision of a farming community where gender parity thrives across all spheres. With the launch of this scholarship program, we pay homage to my late mother, a fervent advocate for girls’ education. Inspired by her passion, we are driven to carry forward her legacy by nurturing the aspirations of young women committed to excelling in the agricultural sector. Our goal is to furnish them with top-notch education and abundant opportunities within the field. By equipping these budding talents with the requisite support, we envision a future where they not only excel academically but also embark on fulfilling careers.” Said Mr. Ankur Aggarwal, Managing Director at Crystal Crop Protection Limited.



The scholarship program will not only provide financial aid but girl students will be able to take advantage of the college mentorship opportunities and network via organised events. They will also be mentored in their career development through workshops.



The program will commence from the upcoming session in July/August, 2024. Applications for scholarship program are now open for eligible girl students that meet criteria and have demonstrated academic excellence. Applicants can find more information and apply through the National Academy of Agricultural Sciences & Crystal Crop website.



“We believe that through this noble gesture, we are encouraging young women to take up different education streams in agricultural studies. Through this, we are not only investing in the students futures but also impacting the agricultural sector as a whole. We are excited to see a positive impact that these upcoming professionals will have on their communities and the broader agricultural landscape.” added Dr. Himanshu Pathak, Secretary, DARE & Director General, ICAR.



The applications will be open for a short window following the program’s announcement. This will be followed by multiple stages including application review and shortlisting, interviews of shortlisted applicants and final selection basis submission of mandatory documents.

City Today News 9341997936