Category: launch

Metalbook launches new verticals, improving technological infrastructure, and expanding global network of processing centers post its $ 15m Series A Fund Raise

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

New Delhi, February 15, 2024- Metalbook, a digital platform for the global metals supply chain, announces launching of new business verticals, product categories and a user friendly, tech-first app post its Series A funding round of $15 million in June 2023. The round was led by Rigel Capital, with participation from FJ Labs, as well as existing investors, Axilor Ventures, Foundamental, Stride Ventures, Trifecta Capital, and others.

Founded in 2021, Metalbook helps enterprise & SME customers through their entire metal manufacturing & procurement cycle, including buying, selling, excess inventory liquidation, customization, logistics, financing, e-auctioning, scrap recycling, credit & project management solutions.

Metalbook, a rapidly expanding B2B platform in India, is anticipated to achieve an annualized revenue run rate of $200 million by the end of FY24, demonstrating a growth of over 15 times in the past two years. The company has been profitable and caters to over 1,000+ customers across 450 markets and has recently launched new categories across Copper, Aluminium, Metal Scrap and has built out a global footprint of processing centers, recycling networks and 1,000+ suppliers across 80 geographies.

Speaking on the announcement, Raghavendra Pratap Singh, Co-founder, Metalbook said, “Our expanded global footprint and entry into new metal categories exemplifies our commitment to serving a diverse range of industries. As we look to the future, we feel that our solid foundation of integrity, innovation, customer centric approach and sustainability will enable us to achieve growth and profitability at scale. We want to make sure that there is enough of a track record for market investors to look at before we plan for an Initial Public Offer (IPO) in 4-5 years.’’

Nandan Venkatachalam, Principal at Axilor Ventures, that led the company’s seed round in 2022 commented, “Metalbook has demonstrated strong, capital efficient execution and ability to expand into new verticals. They have emerged into one of the fastest growing marketplace businesses in the world. We are glad to double down on this round as they continue to build out their global footprint and add new business verticals.

Shubhankar Bhattacharya, General Partner at Foundamental – “ We are thrilled to triple down on our seed investment in Metalbook. Under the leadership of RP, Pulkit and Aman, Metalbook has blossomed into the pre-eminent one-stop-shop for the metal industry by offering a suite of solutions enabling the Circular economy. We have been fortunate to witness their rise as a cash-efficient growth machine from Day-1 as insiders, and are excited to see them build on their market leading position.”

Looking ahead, Metalbook is poised to deepen its impact on the manufacturing and infrastructure supply chains playing a pivotal role in streamlining both ferrous and non-ferrous metal sourcing, logistics, and financing solutions for large-scale global projects.

Metabook is a digital supply chain platform for the global metals industry. Through its technology led platform, the company helps manage the entire metal manufacturing & procurement cycle, including buying, selling, excess inventory liquidation, customization, logistics, financing, e-auctioning, scrap recycling, credit & project management solutions. The company is among the fastest growing marketplaces, globally.

Axilor Ventures – Axilor Ventures is among the leading seed funds in India and invests in early-stage startups across sectors in the supply chain/B2B commerce, Enterprise SaaS, Healthtech, AgriTech, Fintech, and consumer internet spaces. Axilor has invested in companies such as Wiz Freight, Vyapar, Detect, Capgrid, Metalbook, Medfin and Enkash, amongst others.
About Foundamental – Foundamental is the largest global investor in technology for construction, architecture, engineering, design, renovation, blue-collar, and their supply chains and logistics. Foundamental backs ambitious, early-stage founders across Asia-Pacific, the Americas, Africa and Europe and was an early investor in several category-defining startups, including Infra.Market, Wiz, Snaptrude, Enter, Metalbook, Speckle and Forge

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“Flytrap” launched – A Non-Toxic, Organic User-Friendly product to remove housefly-blowfly-uzifly”

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



February 13, 2024, Bengaluru….

You must be aware that different kinds of flies-houseflies, blowflies and Uzi flies, are tiny pests that cause multiple problems for businesses and people alike. From spreading deadly diseases amongst humans and animals (Dairy, Poultry & Sericulture’s silkworms), spoiling stored food stocks, these flies are creating havoc for everyone. They breed superfast with a female laying up to 12000 eggs in a life span of 2.5 months!

What’s more, with the destruction of their natural enemies like lizards and frogs due to rampant urbanization, flies are a BIG menace that is growing everyday – almost unchecked!

People and businesses have tried many ways to contain this menace but with limited success and more headaches. For example, insect repellents repel and don’t kill to control flies’ spread, other pesticides are poisonous and leave harmful residue (dead flies that are poisoned). So, what’s needed is a user-friendly nontoxic solution that is organic, affordable, easy to dispose and easily available.

A globally tested and trusted flies-killer, FlyTrap is finally available in India and is perhaps the perfect solution to ease the menace of flies for various sectors.

This 30-year-old US-developed product is manufactured and marketed in India by FlyTrap.in and is customised for Indian conditions. Devoted to transforming micro businesses at the India-grassroots level (rural, semi-urban) where 68% of India resides and prospers, FlyTrap kills only flies as its nontoxic-organic component is harmful to only flies and is harmless to other animals and humans. All you need is to add a glass of water to its potent mixture and hang its disposable bag in a suitable open place for around 30 days, it attracts and kills flies like a magic magnet while collecting dead flies in its bag!

When Flytrap’s biodegradable, easy-to-use bag gets filled with dead flies, simply replace it with a fresh bag and start removing more of the dangerous flies in a new convenient way. Now easily, safely & intelligently kill one of your biggest enemy- flies to boost your business progress, profits and reputation with the peace of mind you deserve!

To learn more about this award-winning miracle flies’ killer and business booster just visit http://www.flytrap.in and a series of educative YouTube posts viz https://www.youtube.com/watch?v=xzORzSZKhIU. Extremely cost-effective, the Flytrap box containing three bags is nominally priced at Rs 999/- per box and is available at introductory price of Rs. 699/- per box.

Speaking on the launch of Flytrap Bags in India, Mr. Gaurav Aggarwal, Chief Executive Officer, Flytrap.in remarked, ” Our in-depth research proved beyond doubt that an effective solution was required immediately to tackle various problems related to flies in sectors such as Sericulture, Dairy, Poultry etc. as production efficiencies were hugely impacted. Problems like Foot and mouth diseases, Farcy etc. impact the dairy animals and production by up to 30%.  Uzi flies directly harm the silkworms and mango harvest. And in poultry, flies create unhygiene which highly affect the health of birds and residents staying near the farms.  It is strongly suspected that flies transmit at least 65 diseases to humans among them are typhoid fever, dysentery, cholera, polio, yaws, anthrax, tularemia, leprosy and tuberculosis etc.  So, house flies are known to carry pathogens that can cause serious and life-threatening diseases in humans and animals. We are indeed delighted to launch Flytrap Bags, an innovative product in India. Flytrap (www.Flytrap.in), a US-based parent company is a global winner since 1994. FlyTrap was first brought to India in 2009 after many years of in-depth research, extensive educative marketing and sales outreach. FlyTrap’s operations took off in a big manner in 2019. While initially focused on poultry and dairy farms, Covid’s lockdown brought in a new customer base in Sericulture farms through social media influencers and since then there is no looking back! The Sericulture was a game changer as this sector got a huge respite from flies thereby boosting production.”

Elaborating on the developmental plans for Flytrap bags, Mr. Aggarwal said, “We foresee immense potential for Flytrap Bags in India as India is at the cusp of change with various sectors growing. The Flytrap bags are manufactured at the state-of-the-art manufacturing factory based in New Delhi, under license from US Parent with strict adherence to global quality standards. Currently, Flytrap Bags are marketed through our own website – FlyTrap.in, eCommerce portals like Amazon, Flipkart, etc. and distributor network in Maharashtra, Karnataka, Andhra Pradesh and Tamil Nadu. We are now expanding aggressively to launch it in other states. We have a larger gameplan in place for this product. To this end, we have invested over 4 crores in growing our sales network and digital outreach.  We are confident to make Flytrap the ‘Make-In-India’ initiative and address our farmers’ problems. We are driven to make a real difference to the soul of India-rural economy with FlyTrap bags as flies are a big nuisance to businesses. We are committed to get rid of their BIG headache of flies so everyone can progress faster, better, and healthier!

So go ahead and unleash the power of FlyTrap – Non-toxic, Organic, and Fly-Proof!

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Adukale Celebrates Karnataka’s Culinary Heritage with the Grand Opening in in Jayanagar 4th Block.

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

Bengaluru, 11th February, 2024: Adukale, a brand that epitomizes the rich culinary heritage of Karnataka, unveils its flagship store and experience zone, Old Bangalore Café in the heart of Jayanagar. The grand opening was graced by Mrs. Ashwini Puneeth Rajkumar, Founder at PRK Studios and Shri. Tejasvi Surya, Member of Parliament, Bengaluru South.

Spread across 3500 sq. ft, the new outlet is a landmark for South Indian flavours and diverse culinary traditions cherished across generations.

Established in 2009 as a family-run enterprise, the brand has made steady strides with a strong network of 19 Adukale Experience Stores across Bengaluru and Mysuru, in addition to robust e-commerce presence coupled with availability of its products across leading super markets and other stores. 

The flagship store and Old Bangalore Café serve as a vibrant hub dedicated to fostering connections, creating lasting memories, and celebrating the culture of Karnataka through delightful fusion of flavours from South India. With an unwavering focus on innovation, Adukale is committed to preserving the culinary heritage of Karnataka, with a strong pulse on Bengaluru’s diverse culinary landscape. 

Speaking on the launch, Mr. Bharat Kaushik, Director, and CEO of Adukale, said, “We are excited to launch Adukale’s flagship store and Old Bangalore café in one of Bengaluru’s most treasured cultural and commercial hubs, Jayanagar 4th block. The launch marks yet another exciting milestone in our journey towards bringing time-tested culinary heritage of Karnataka to the fore. With this format, we aim to provide our customers an immersive in-store experience while they enjoy popular delicacies and daily specials from our spread. Our menu has been meticulously curated to cater to the taste of those who enjoy Karnataka’s cuisine that evokes cherished memories while being affordable and easy to savour.”

Speaking on the launch Mrs. Ashwini Puneeth Rajkumar, Founder at PRK Studios, highlighted, “Adukale has been a family favourite brand, and it is an honour to inaugurate the new flagship store and experience zone at Jayanagar. Authentic local flavours made with natural ingredients and a passion for preserving culinary heritage is what makes the brand stand out for me. I wish the team at Adukale and Old Bangalore Cafe all the very best as they embark on this journey.”

Highlighting the launch, Shri Tejasvi Surya, Member of Parliament, Bengaluru South, added, ” It was my honour to be a part of this momentous occasion for brand Adukale. It Is heartening to watch Adukale scale new heights and truly preserve traditional culinary legacy from the grassroots of Karnataka. I extend my best wishes to Mr. Bharat Kaushik and team of Adukale and encourage everyone to come experience the flavours of Karnataka.”

Adukale takes pride in presenting a diverse range of culinary delights, from ready-to-eat and ready-to-cook food like Uppittu and Gojjavalakki to an array of masalas and powders, including chutney powders. The menu also features savoury snacks, meticulously crafted with care and attention to detail. Adukale’s unwavering commitment to providing products made using authentic recipes, natural ingredients and zero preservatives ensures a wholesome and authentic dining experience.

Adukale and Old Bangalore Cafe 

With a rich legacy spanning over 13 years, Adukale stands as a market leader, offering the true taste of Karnataka to consumers worldwide. The brand’s ethos is deeply rooted in delivering high-quality products renowned for unmatched and traditional taste and convenience while aiming to be the custodians of Karnataka’s culinary heritage. Originating in 2009 as a humble family-run business, Adukale has expanded to encompass 19 experience stores across Bengaluru and Mysuru, in addition to a robust e-commerce presence coupled with availability of its products across leading supermarkets and other stores. As a natural extension of the brand, Adukale has also introduced Old Bangalore Café, providing consumers with an opportunity to experience and savour the timeless flavours of Bengaluru’s bygone era.

 

For more information about Adukale, visit https://adukale.com

 

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Endowment to the Future of Healthcare:Aster CMI Hospital Unveils a Path breaking Innovation in AI

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

BANGALORE, February 7, 2024-Aster CMI Hospital charges ahead as a healthcare AI patron with its groundbreaking innovative technology, which supports the health experts on various aspects of treatmentsuch as analyzing vast amounts of data that could lead to earlier and more accurate diagnoses of diseases,developing new treatment options, and immediate monitoring of vitals for various specialties.

Al Carpal Tunnel syndrome (CTS) is one such technology that is developed by the Neurology Department which is poised to revolutionize nerve ultrasound diagnostics. This technology redefines, diagnoses, andscreens efficiently. It can identify the median nerve in ultrasound videos and detect CTS with the highestaccuracy (95%) marking a significant leap in healthcare innovation. The AI tool signifies a transformative stride towards precision and efficiency in CTS diagnosis, marking a new era in healthcare.

“As we witness the healthcare landscape evolve from a prescriptive to a predictive model, AI emerges asthe catalyst for this transformative journey. At Aster CMI Hospital, we proudly stand at the forefront,seamlessly merging human expertise with AI to pioneer a new era of healthcare excellence. Our close collaboration with government bodies underscores our commitment to ethical AI practices, rigorous regulatory compliance, and the highest standards of data privacy and security. This transformative,technology-enabled tool marks a new dawn healthcare.” says Dr. Nitish Shetty, CEO, Aster DM, Health care.

Commenting on the occasion, Dr. Lokesh Bathala, Lead Consultant Neurology, “This lab is an exemplification to the unlimited potential of AI in healthcare. We are pushing the boundaries of medical science, designing Al tools that will transform the future of diagnosis, treatment, and prevention. These Altools can prevent long-term complications and improve the quality of life. It can also minimize the needfor repetitive examinations and invasive procedures, reducing patient’s discomfort and anxiety. While theAl tools significantly reduce the inference time, it is important to note that the final diagnosis will always -be carried out by the physician.”

Mr. Ramesh Kumar S, CEO -Aster Hospitals, Bangalore, said: “Aster CMI Hospital remains apioneering force in healthcare solutions, ever dedicated to tackling medical challenges and elevating patientcare with cutting-edge technology. It has been at the forefront, seamlessly weaving human expertise withAI to usher in a new era of healthcare excellence and actively engaging in collaborative efforts with providers, researchers, and innovators to unlock the full potential of AI for the greater good of humanity.”

Aster CMI Hospital continues its commitment to advancing healthcare solutions. We seamlessly blend cutting-edge technology with the warmth of compassionate care, forging a future where personalized solutions meet ethical practices. Our collaborative spirit, evident in partnerships, guarantees trust in every innovation, ensuring advancements serve patients first. This tool exemplifies the hospital’s dedication to addressing medical challenges and enhancing patient care through cutting-edge technology.

City Today News 9341997936