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Paytm Founder Vijay Shekhar Sharma On 100 Most Influential People List

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On Thursday, The Times released its annual 100 Most Influential People in the world in 2017 and two Indians made their entry onto this list – PM of India, Shri Narendra Modi, and Paytm’s founder Vijay Shekhar Sharma.

The 43-year-old Cheif Executive of the Indian mobile payments platform is the only Indian entrepreneur to be featured on the 2017 list.

This list also included US President Donald Trump, actor Emma Stone, philanthropist Melinda Gates, WikiLeaks founder Julian Assange, Amazon CEO Jeff Bezos, President of Russia Vladimir Putin, CEO, and founder of Snapchat Evan Spiegel.

The Times magazine has featured a list of pioneers, artists, actors, titans, leaders and icons from all around the world. Vijay Shekhar was listed under the titan category followed by Jeff Bezos. It was in March this year, Sharma was ranked as India’s youngest billionaire by Forbes magazine, as his net worth is $1.3 billion.

Infosys co-founder Nandan Nilekani, who wrote Sharma’s profile was all praises for the Paytm founder. He said: “When Modi government announced (the) Demonetisation act in November, Sharma seized that moment and with a flurry of ads he encouraged people to start using the Paytm’s (sic) digital wallet platform to pay for every day’s goods and services.”

Seeing his performance in the Indian economy market, Alibaba’s Jack Ma is now an investor in Paytm. Vijay Shekhar Sharma shared his happiness on Twitter.

Check out the 2017’s full list of 100 Most Influential People in the world

  • Biram Dah Abeid, Mauritanian politician, activist
  • David Adjaye, architect
  • Riz Ahmed, actor
  • Thelma Aldana, Attorney General of Guatemala
  • James Allison, immunologist
  • Guillem Anglada-Escudé, Natalie Batalha and Michaël Gillon, astronomers
  • Julian Assange, founder of WikiLeaks
  • Margaret Atwood, novelist
  • Stephen Bannon, White House Chief Strategist
  • Cindy Arlette Contreras Bautista, activist
  • Samantha Bee, actor, comedian
  • Fatou Bensouda, Chief Prosecutor, International Criminal Court
  • Jeff Bezos, CEO, Amazon
  • Simone Biles, gymnast
  • Bob Bland, Tamika Mallory, Carmen Perez and Linda Sarsour, organizers, Women’s March
  • Jason Blum, director
  • Tom Brady, football player, New England Patriots
  • Gretchen Carlson, advocate for workplace equality, former Fox News anchor
  • Chance the Rapper, rapper
  • George Church, geneticist
  • James Comey, director, FBI
  • James Corden, host, The Late Late Show with James Corden
  • Viola Davis, actor
  • Rodrigo Duterte, President of the Philippines
  • Ava DuVernay, director
  • Daniel Ek, co-founder, and CEO, Spotify
  • Theo Epstein, president of baseball operations, Chicago Cubs
  • Recep Tayyip Erdoğan, President of Turkey
  • Fan Bingbing, actor
  • Bob Ferguson, Attorney General of Washington
  • Melinda Gates, philanthropist
  • Donald Glover, actor, writer, rapper
  • Ashley Graham, model
  • Glenda Gray, physician, and researcher
  • Kirsten Green, founder, Forerunner Ventures
  • Gavin Grimm, activist
  • Demis Hassabis, artificial intelligence pioneer
  • LeBron James, basketball player, Cleveland Cavaliers
  • Barry Jenkins, director
  • Leslie Jones, comedian, actor
  • Colin Kaepernick, football player
  • Alicia Keys, singer
  • Kim Jong Un, Supreme Leader of North Korea
  • Jared Kushner, White House senior adviser
  • John Legend, singer, songwriter
  • John Lewis, U.S. Congressman, 5th District of Georgia
  • Leila de Lima, Philippine opposition senator
  • Jean Liu, president, Didi Chuxing
  • Demi Lovato, singer
  • Barbara Lynch, chef, restaurateur
  • Kerry James Marshall, artist
  • General James Mattis, Secretary of Defense, U.S.
  • Theresa May, Prime Minister of the United Kingdom
  • Conor McGregor, mixed martial artist
  • Rebekah Mercer, Republican donor
  • Alessandro Michele, designer, Gucci
  • Narendra Modi, Prime Minister of India
  • Neymar, soccer player
  • Sandra Day O’Connor, former Supreme Court Justice, founder, iCivics
  • Sarah Paulson, actor
  • Jordan Peele, actor, comedian, filmmaker
  • Tom Perez, chairman, Democratic National Committee
  • Ben Platt, actor
  • Pope Francis, Pontifex
  • Reince Priebus, White House Chief of Staff
  • Vladimir Putin, President of Russia
  • Ryan Reynolds, actor
  • Margot Robbie, actor
  • RuPaul, television personality
  • Raed Saleh, head of Syria’s White Helmets
  • Juan Manuel Santos, President of Colombia
  • Chuck Schumer, U.S. Senator, New York
  • Vijay Shekhar Sharma, entrepreneur, founder, Paytm
  • Ed Sheeran, singer, songwriter
  • Cindy Sherman, photographer
  • Raf Simons, designer, chief creative officer, Calvin Klein
  • Qasem Soleimani, commander of Iran’s Quds Force
  • Evan Spiegel, CEO, and co-founder, Snapchat
  • Emma Stone, actor
  • Donald Trump, President of the United States
  • Ivanka Trump, White House special assistant
  • Dr. Celina Turchi, infectious disease expert
  • Bernard J. Tyson, CEO, Kaiser Permanente
  • Hamdi Ulukaya, entrepreneur, CEO, Chobani
  • King Maha Vajiralongkorn, King of Thailand
  • Guus Velders, atmospheric chemist
  • Margrethe Vestager, antitrust czar, European Union
  • Jeanette Vizguerra, activist
  • Wang Qishan, senior leader, Communist Party, China
  • Elizabeth Warren, U.S. Senator, Massachusetts
  • Colson Whitehead, novelist
  • Constance Wu, actor
  • Xi Jinping, President of the People’s Republic of China, General Secretary, Communist Party, China
  • Janet Yellen, chair, Federal Reserve
  • Yuriko Koike, Governor of Tokyo

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Josh Talks FY24: Reduced Losses and Modest Revenue Growth Signal Positive Momentum!

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Josh Talks FY24: Reduced Losses and Modest Revenue Growth Signal Positive Momentum!,Startup Stories,Startup Stories India,Inspirational Stories 2024,Latest Technology News and Updates,2024 Technology News,Tech News,Josh Talks FY24,Reduced Losses,Josh Talks FY24 Reduced Losses,Modest Revenue Growth,Financial Results FY24,Growth Strategy,Business Performance,Profitability Improvement,Revenue Trends,Strategic Initiatives,Josh Talks Report,Josh Talks Revenue,Josh Talks FY24 Report

Josh Talks, a prominent platform dedicated to empowering individuals through inspirational narratives and skill development, has released its financial results for the fiscal year 2024 (FY24). The company has demonstrated notable progress in reducing its losses while achieving modest revenue growth.

Financial Performance

In FY24, Josh Talks reported a loss of INR 9.8 crore, which is a 25% decrease from the previous fiscal year. This improvement signals a positive trend in the company’s financial health as it continues to optimize its operations and business model. On the revenue front, Josh Talks generated INR 19 crore, reflecting a 2% increase compared to FY23.

Strategic Initiatives

The management attributes this improved financial performance to strategic adjustments in its operational approach. By enhancing user engagement and diversifying content offerings, Josh Talks aims to create a more sustainable business model. The platform has actively worked on expanding its revenue streams, contributing to the slight uptick in revenue.

Competitive Landscape

Operating in a competitive environment, Josh Talks faces challenges from various digital content and educational platforms. The company’s commitment to delivering quality content that resonates with its audience has helped maintain its relevance. As part of its growth strategy, Josh Talks is exploring partnerships and collaborations to further enhance its reach and impact.

Future Prospects

Looking ahead, Josh Talks remains optimistic about its growth trajectory. The management is focused on leveraging technology and data analytics to better understand user preferences and tailor content accordingly. This approach aims not only to boost revenue but also to enhance overall user satisfaction.

Conclusion

In summary, Josh Talks’ FY24 results reflect a cautiously optimistic outlook as the company navigates the evolving digital content landscape while striving for profitability and growth. With ongoing efforts to improve operational efficiency and expand its offerings, Josh Talks is well-positioned to continue making a significant impact in personal development and education.

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Mobikwik Secures SEBI Approval for ₹700 Crore IPO: A Major Step in India’s Fintech Landscape!

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Mobikwik Secures SEBI Approval for ₹700 Crore IPO: A Major Step in India's Fintech Landscape!,Startup Stories,Startup Stories India,Inspirational Stories 2024,Latest Technology News and Updates,2024 Technology News,Tech News,MobiKwik Gets SEBI Nod,Mobikwik Secures SEBI Approval,Fintech firm MobiKwik gets Sebi approval,Mobikwik IPO 2024,Mobikwik IPO,SEBI approval IPO 2024,India fintech IPO news,Mobikwik IPO latest updates,Mobikwik IPO details,Fintech companies IPO India,Investment in Mobikwik IPO,SEBI approval for Mobikwik IPO,Mobikwik IPO launch date,IPO Overview,Mobikwik,SEBI,IPO

Mobikwik, a leading digital payment platform in India, has recently received approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO), targeting a substantial ₹700 crore. This marks a pivotal moment for the Gurugram-based fintech company, which has been navigating the complexities of the IPO process since its initial attempt in July 2021.

IPO Overview

The upcoming IPO will consist entirely of a fresh issue of equity shares, with no component for an offer for sale (OFS). According to the Draft Red Herring Prospectus (DRHP), the shares will have a face value of ₹2 each. The allocation strategy for the shares is designed to cater to various investor categories: 75% will be reserved for qualified institutional buyers, 15% for non-institutional investors, and the remaining 10% for retail individual investors. This structure aims to ensure broad participation in the offering.

Fund Utilization Plans

Mobikwik has outlined specific plans for how it intends to utilize the funds raised through this IPO:

  • ₹250 crore will be directed towards expanding its financial services business.
  • ₹135 crore is earmarked for enhancing its payment services.
  • Additional investments will support growth initiatives in data and artificial intelligence.
  • Over ₹70 crore will be allocated for capital expenditures.

These allocations reflect Mobikwik’s strategic focus on strengthening its market position and enhancing its service offerings within the competitive fintech landscape.

Market Context and Timing

The approval from SEBI comes at a time when there is growing investor interest in technology and fintech sectors in India. Mobikwik’s strategic emphasis on digital payments and financial services places it favorably within this rapidly evolving market. The company had previously filed its DRHP with SEBI but withdrew it due to challenging market conditions before refiling in January 2024.

Industry experts speculate that Mobikwik may launch its IPO before Diwali, which falls on November 4 this year, taking advantage of favorable market conditions. The book-running lead managers for this IPO are SBI Capital Markets Limited and DAM Capital Advisors Limited, while Link Intime India Private Limited will serve as the registrar.

Competitive Landscape

Founded in 2009 by Bipin Preet Singh and Upasana Taku, Mobikwik initially started as a digital wallet but has since evolved into a comprehensive fintech platform offering services such as credit, insurance, and gold loans. The company has garnered significant backing from prominent investors including Sequoia Capital India, Bajaj Finance, American Express, Cisco Systems, and Abu Dhabi Investment Authority.

Mobikwik faces competition from other fintech giants like Paytm, which is also preparing for an IPO. Paytm’s parent company, One97 Communications, has filed its own DRHP aiming to raise ₹16,600 crore through a combination of fresh issues and an OFS.

Future Outlook

While specific details regarding the price band and lot size of Mobikwik’s IPO remain to be finalized, the approval from SEBI is a crucial milestone in the company’s journey toward becoming a publicly traded entity. With a last reported valuation of approximately $700 million following a funding round earlier this year, Mobikwik is eyeing a valuation that could exceed $1 billion upon its public listing.

This IPO represents not only an opportunity for Mobikwik to enhance its market presence but also reflects broader trends within India’s burgeoning digital economy as consumer preferences increasingly shift towards online transactions and financial services. As Mobikwik prepares for this significant transition, it aims to solidify its position as a key player in India’s fintech ecosystem.

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Unmissable Savings: The Amazon Great Indian Festival and Flipkart Big Billion Days 2024!

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Startup Stories | Great India Festival Sale | Amazon | Flipkart

The Amazon Great Indian Festival and Flipkart Big Billion Days are two of the most awaited shopping events in India, set to commence on September 27, 2024. These sales represent a unique opportunity for consumers to benefit from substantial discounts and exclusive deals across a wide range of product categories, making them pivotal events in the Indian e-commerce landscape.

Amazon Great Indian Festival 2024

Event Overview

The Amazon Great Indian Festival is recognized as India’s largest festive shopping event. This year, it will launch on September 27, with Prime members receiving early access starting September 26. The festival is expected to showcase over 25,000 new products and offer significant savings on categories such as electronics, fashion, home appliances, and groceries.

Key Features and Offers

  • Discounts: Shoppers can expect mobile phones starting at ₹5,999, electronics from ₹199, and headphones from ₹699. Discounts of up to 70% will be available across various items.
  • Payment Benefits: Customers using SBI debit and credit cards can avail themselves of a 10% instant discount. Additionally, Prime members can earn 5% cashback on purchases made with the Amazon Pay ICICI Bank credit card.
  • Diverse Shopping Experience: The event will support multiple languages including Hindi, Tamil, and Telugu, ensuring accessibility for a broad audience.
  • Seller Participation: Over 16 lakh sellers will participate in this year’s festival, many of whom will offer exclusive deals to promote small businesses during the festive season.

Promotional Strategies

Amazon aims to enhance customer experience through fast delivery services and an extensive selection of products. The company anticipates robust growth from tier-2 and tier-3 cities as consumer demand continues to rise in these areas.

Flipkart Big Billion Days 2024

Event Overview

Concurrent with Amazon’s festival, Flipkart will host its Big Billion Days sale starting on September 27. Known for its competitive pricing, this event will feature an extensive range of products available at discounted rates.

Key Features and Offers

  • Electronics Discounts: Flipkart is expected to offer notable price cuts on popular smartphones such as the iPhone 15 series and Samsung Galaxy models.
  • Additional Savings: Similar to Amazon, Flipkart will likely provide bank offers that enhance overall value for customers during this shopping frenzy.
  • Exclusive Products: Both platforms are anticipated to feature exclusive launches and limited-time offers catering to diverse customer needs.

Conclusion

As both Amazon and Flipkart prepare for their respective sales events, consumers have much to look forward to in terms of exciting shopping experiences filled with incredible deals. With overlapping dates and competitive offers from both platforms, shoppers are encouraged to explore each site thoroughly to maximize their savings during this festive season.

The Great Indian Festival and Big Billion Days not only highlight the growing e-commerce landscape in India but also reflect changing consumer behaviors as more people engage in online shopping during festive periods. With significant participation from sellers across the country, these events are poised to deliver a festive spirit that resonates with millions of households across India.

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