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Mobikwik To Raise $100 Mn From BlackRock Valuing It At $1 Billion

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An Indian online payments platform MobiKwik is all set to raise funds from investors including Black Rock Inc., and others valuing the company at about $1 billion.

Gurgaon headquartered company MobiKwik is in advanced talks to raise another round of funding from Bank of Baroda as well as Canara Bank. If this deal is finalized, then MobiKwik will be the second startup in the India’s fintech industry after the Alibaba backed Paytm.

India’s first unicorn One97 Communications is also in talks with SoftBank to raise as much as $1.4 billion, some close sources reported.

Founded by a couple Bipin Preet Singh and Upasana Taku, in 2009, MobiKwik is trying hard to compete with PayTm which is now holding the top most position in the Indian e-payments platform. Interestingly, both, PayTm and MobiKwik are keen to acquire Freecharge.

MobiKwik offers a varied service which includes mobile phone based payment system. This company has more than 55 million customers till date.

Meanwhile, spokesperson for Canara Bank, Bank Of Baroda and MobiKwik were not responding to the emailed queries. Well, waiting for an official statement to confirm this news.

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Shining Bright: The VedaOils Story of Success in Candle Industry

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VedaOils is one of the leading suppliers of candle waxes, wicks, and other supplies. We provide everything that you need to make impressive DIY candles at home. Also, our bulk supplies ensure that you don’t have to go anywhere to produce candles in bulk. This blog covers the hallmarks of our candle wax and supplies business. 

How VedaOils Earned Place as Trusted Name in Candle Industry?

The following things helped us in emerging as a trusted name in the candle wax industry: 

  • Our Exclusive Candle Wax Selection

We have a selection of exclusive candle waxes that includes soy wax, paraffin wax, carnauba wax, and more. Moreover, each of these types of wax is available in different forms such as pellets, powders, etc. So, you can choose the wax type and form that compliments your candle making business. 

  • Best Quality of Waxes 

At VedaOils, we provide the best quality candle waxes at wholesale rates. The quality will not be compromised even when you purchase them in bulk quantities. Best Quality of Waxes 

  • Study Guides 

You will find a lot of information about candle making and related business on our site. These informative details will help you grow your candle making business or start it from scratch. 

  • Reasonable Prices

As we produce candle wax in bulk, we offer them at reasonable prices to our clients. You can also avail attractive deals and discounts on bulk purchases. 

 

What Makes VedaOils Different from Other Brands?

The things that make us stand apart from other brands in the market are highlighted below: 

  • Top Quality & Best Price in Market

No brand comes closer to us when it comes to offering top-quality candle waxes at affordable rates. We assure you of providing the best prices in the market without compromising on the quality. 

  • Variety of Products 

Our B2B business is not limited to just producing candle waxes. We provide candle wick, Moulds, jars, and all the other supplies as well. This makes us the one-stop solution for your candle making business.
Variety of Products

  • Bulk and Wholesale Options for Small & Big Businesses

We offer candle wax in bulk quantities. So, both small and big businesses can order candle wax from us according to their requirements. 

  • Outstanding Customer Service After Sales & Service

Our commitment to excellence shows from the exceptional after sales services we provide to our customers. We adopt a flexible return policy to help our clients get the best quality candle wax at all times. 

  • Express Shipping Everywhere

Our partnerships with the top logistics companies across the world helps us deliver our products everywhere. So, you can now order our candle wax from any part of the world.
Express Shipping Everywhere

How VedaOils is Shaping the Future of Candle Industry In Worldwide?

VedaOils delivers the promise of shaping the future of candle waxes through these means: 

  • Promise to Be Eco-Friendly

VedaOils is committed to offering eco-friendly solutions to our clients. So, we employ all the standard eco-friendly manufacturing and packaging practices.

Promise to Be Eco-Friendly

  • Innovative Marketing & Product Development

With innovative marketing and product development strategies, we try to promote our offerings across the world. You can also tie-up with us to promote your candle making business now! 

  • Quality Control Measures 

We adopt a strict policy when it comes to following quality control measures. This helps us to deliver premium quality candle waxes at all times. 

CEO Future Vision For VedaOils

Aayush Gupta, the CEO and founder of VedaOils wants to expand the candle wax business across the world. With new markets being captured with each passing year, we envision to be the leading candle supplies manufacturer in the globe. 

VedaOils in the Spotlight: Our Key Achievements and Honors!

The success of our brand reflects in the numerous events and seminars we have organised and participated in for candle makers around the world. Our latest innovations and launches in this segment shows why we are the leading supplier of candle wax in India.

Conclusion

These were some of the things that you must know before ordering candle wax from us. We offer great deals and discounted rates to our B2B clients. Contact us today or visit our website to order our candle making wax today! 

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Airtel’s Strategic Move: The Potential Acquisition of Tata Play and Its Impact on the DTH Landscape!

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Airtel's Strategic Move: The Potential Acquisition of Tata Play and Its Impact on the DTH Landscape

Bharti Airtel is reportedly in advanced negotiations to acquire Tata Play, one of India’s largest direct-to-home (DTH) service providers. This potential acquisition represents a strategic move for Airtel as it aims to strengthen its foothold in the increasingly competitive digital TV market.

Current Landscape of the DTH Market

The DTH industry in India faces significant challenges, primarily due to the rise of over-the-top (OTT) streaming services. Many consumers, especially in urban areas, are shifting towards platforms like Netflix and Disney+ Hotstar, resulting in a decline in traditional DTH subscriptions. Tata Play, formerly known as Tata Sky, has been particularly affected, reporting a net loss of ₹354 crore for the fiscal year ending March 31, 2024—an increase from previous losses. Despite these setbacks, Tata Play maintains a robust market share of approximately 33%, according to recent data.

Strategic Implications for Airtel

Airtel’s interest in acquiring Tata Play aligns with its broader strategy to consolidate its position in the digital TV segment and enhance non-mobile revenues through bundled offerings. This acquisition would not only expand Airtel’s customer base but also improve its content offerings, enabling it to compete more effectively against rivals like Reliance Jio. The deal would mark a continuation of the relationship between Airtel and Tata Group, following Airtel’s acquisition of Tata’s consumer mobility business in 2017. This historical context indicates that both companies have navigated similar challenges and could leverage their combined strengths.

Market Dynamics and Future Prospects

As the DTH sector grapples with declining subscriber numbers—approximately 7.6 million lost over the past three years—Airtel’s acquisition could reshape the competitive landscape. The convergence of services is becoming increasingly important as consumers demand integrated solutions that combine mobile and digital TV offerings.

Additionally, Tata Sons recently acquired a 10% stake from Singapore’s Temasek Holdings for ₹835 crore ($100 million), valuing Tata Play at around $1 billion—a significant drop from its pre-pandemic valuation of $3 billion. This decline underscores the urgency for Tata Group to divest from businesses facing ongoing financial difficulties.

Conclusion

If finalized, the acquisition of Tata Play by Bharti Airtel could be a game-changer for the DTH industry. It would bolster Airtel’s market position while potentially signaling a shift in how traditional media companies adapt to changing consumption patterns driven by digital platforms. As both companies navigate this transition, the focus will likely be on enhancing customer experiences and integrating services to meet evolving consumer demands.

In summary, this acquisition could not only enhance Airtel’s service offerings but also reshape the future of digital television in India as it seeks to compete against growing OTT services and changing consumer preferences.

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Ratan Tata’s Passing: A Global Loss Remembered by Bill Gates and Industry Leaders!

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Ratan Tata's Passing: A Global Loss Remembered by Bill Gates and Industry Leaders!

The world is mourning the loss of Ratan Tata, the esteemed industrialist and national icon who passed away at the age of 86 on October 9, 2024, at Mumbai’s Breach Candy Hospital. His passing has elicited profound sorrow across the globe, with notable figures such as Bill Gates, co-founder of Microsoft, expressing their condolences and reflecting on Tata’s significant impact on India and beyond.

Bill Gates’ Tribute

“Ratan Tata was a visionary leader whose dedication to improving lives left an indelible mark on India—and the world,” Gates remarked. “I had the privilege of meeting him on several occasions, and I was always moved by his strong sense of purpose and service to humanity. Together, we partnered on numerous initiatives to help people lead healthier, more prosperous lives. His loss will be felt around the world for years to come, but I know the legacy he left and the example he set will continue to inspire generations.”

During a visit to India in 2023, Gates met with Tata and Natarajan Chandrasekaran, the Chairman of Tata Sons. Their discussions focused on philanthropic efforts in health, diagnostics, and nutrition. Gates gifted Tata and Chandrasekaran copies of his books, “How to Prevent the Next Pandemic” and “How to Avoid a Climate Disaster,” reflecting their shared commitment to global betterment.

Collaborative Initiatives

The collaboration between the Bill & Melinda Gates Foundation and Tata Trusts has been impactful, particularly with the establishment of the India Agritech Incubation Network (IAIN) in 2019. This initiative aimed to foster innovation for smallholder farmers through a network of incubators across India. In 2018, Tata Trusts contributed $1 million to the Gates Foundation to support data-driven governance via the DISHA Dashboard, which aggregated data from 41 flagship government schemes.

Outpouring of Condolences

Following the announcement of Ratan Tata’s passing, an outpouring of condolences emerged from around the globe. Many in India’s business community reflected on Tata’s profound influence on their lives and careers. N. Chandrasekaran described him as “a mentor, guide, and friend,” while Mukesh Ambani noted it as a personal loss. Gautam Adani remarked, “Legends like him never fade away.”

Legacy and Impact

Ratan Tata’s legacy as a leader, philanthropist, and visionary will undoubtedly continue to inspire future generations. Under his stewardship from 1991 to 2012, Tata transformed the Tata Group into a global powerhouse, significantly boosting revenue from $5 billion in 1991 to over $100 billion by 2012. His leadership saw landmark acquisitions such as Jaguar Land Rover and Corus Steel, which elevated Tata’s profile internationally.

Beyond business achievements, Tata was known for his commitment to philanthropy through Tata Trusts, focusing on healthcare, education, and rural development initiatives that touched millions of lives across India.

Conclusion

Ratan Tata will be remembered not only for his remarkable contributions to Indian industry but also for his genuine compassion and commitment to societal betterment. His passing marks a significant loss for India and the global community; however, his enduring legacy will continue to inspire future leaders and innovators for generations to come.

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