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Business Wire India - Multimedia: Digest for June 22, 2023

Business Wire India - Multimedia

Multimedia By Business Wire India
Business Wire India

Rural-fintech startup Navadhan has raised USD 1.5 million in Seed round led by Varanium NexGen, a fintech focussed fund. Existing investor Anicut Capital co-led the round where Gemba Capital also participated.
 
Last year, the startup had raised pre-Seed funding from Anicut, BOPA, Flowstate and other angels like Prasanna Rao (Arya.ag), Sarah Djari (Impact Fintech PE). With the current round, Navadhan has raised a total funding of USD 16mn in equity and debt lines with NBFC partners.
 
Navadhan will use the funds to further build its AceN Tech platform. The platform connects rural small businesses (MSMEs) with NBFCs and Banks. It has enrolled over 2 lac customers and disbursed over Rs.100cr in partnership with 15 lenders like Ugro, Vivriti, Northern Arc, Caspian, Unitus and TruCap.
 
The platform offers a seamless digital onboarding experience, simplifying the customer journey and eliminates paperwork. With the power of data-sciences, Navadhan's proprietary alternative-underwriting model assesses the digital footprint and cashflow surrogates. This solves for lack of income proofs and documents which has kept the Banks away from such markets. This innovative approach addresses the challenges of the predominantly cash-based economy and limited banking track record in rural markets.
 
Navadhan was co-founded by Nitin Agrawal along with 3 teammates – Vijay Haswani, Anirudh Ramakuru and Amit Biswal. Nitin saw the recent surge of digitisation as an opportunity to build a tech-led finance platform. This comes from his 2 decades of experience with stint at ICICI Bank leading Product-Tech for micro-banking and agri-channel finance. He was also involved in setting up rural finance business for Fullerton India. In recent past, he also served as CEO of Spandana Sphoorty, a listed NBFC-MFI.
 
Speaking about the development, Nitin Agrawal, Founder CEO of Navadhan, mentioned, "We are a tech-led and revenue-first fintech. Our mission is to help create new-wealth for the rural small-entrepreneurs by solving for their challenges. We are leveraging Tech using alternative-credit, predictive analytics backed by data sciences. With both Tech and People on-ground, we are making it work for the NBFCs and Banks to generate priority sector assets. The new fund raise will add tailwinds to our growth plans. As the Smart-phone and UPI penetration improves, we have an early mover advantage in the rural markets."
 
Smart phone and internet penetration is projected to increase by 44% by 2030, with significant growth expected in rural areas. As the number of UPI transactions inches towards the $4 trillion mark, most of the future growth will come from rural markets. Navadhan is well-positioned to leverage the surge in mobile usage, data connectivity, and UPI transactions.
 
Speaking about the development, Aparajit Bhandarkar of Varanium NexGen mentioned, "India is growing and Rural markets are not far behind. While most of the fintech space is focussed at Tier-1,2,3, we saw Navadhan's focus on the informal market as a potential high-growth area. Navadhan's founders are seasoned professionals with credible experience in financial services. With the right TAM, Team, Tech, and Traction, they are building an early mover's advantage in rural-markets. Tech-led approach gives non-linear scalability to their model. We see Navadhan as a potential market leader in making."
 
Looking to the future, Navadhan plans to introduce new solutions and offerings. This includes credit limits for small businesses and tech tools for digitizing un-organized value chains. Another identified area of high social impact is to propagate Climate Smart Agri practices among its rural-customer base.
Business Wire India

  • Merck Foundation CEO and Ghana First Lady met other 12 African First Ladies during 9th Edition of Merck Foundation Africa Asia Luminary 2022 to discuss their strategy and announce their impact report and call for action to build healthcare capacity and empower women & girls in education in the country.
  • Merck Foundation is transforming the Patient care landscape in public sector with Ghana's First Lady and other partners in Africa, Asia, and beyond. Watch the partnership journey: https://youtu.be/O0kzkplZ6dM
  • Watch the overview of the 2-day Hybrid 9th Edition of the Merck Foundation Africa Asia Luminary 2022 here: https://www.youtube.com/watch?v=5m4k9Z_M7tg
​
Merck Foundation, the philanthropic arm of Merck KGaA Germany, recently conducted their annual conference, the 9th Edition of "Merck Foundation Africa Asia Luminary". The conference was inaugurated by Prof. Dr. Frank Stangenberg-Haverkamp, Chairman of Merck Foundation Board of Trustees, and Senator, Dr. Rasha Kelej, CEO of Merck Foundation and Chairperson of Merck Foundation Africa Asia Luminary, and H.E. Mrs. REBECCA AKUFO-ADDO, The First Lady of the Republic of Ghana & Ambassador of Merck Foundation "More Than a Mother" along with African First Ladies of Botswana, Burundi, Democratic Republic of Congo, The Gambia, Liberia, Malawi, Mozambique, Namibia, Sierra Leone, Zambia, Angola and Central Africa.

Senator, Dr. Rasha Kelej emphasized, "Our long-term partnership with my dear sister, H.E. Mrs. REBECCA AKUFO-ADDO, The First Lady of the Republic of Ghana & Ambassador of Merck Foundation "More Than a Mother" started in 2018 and we have achieved a lot in a very short time since then.

We had a long meeting during 9th edition of our Luminary to discuss our joint programs and strategy and report its impact. Together we have transformed the patientcare landscape of Ghana by providing more than 125 scholarships to young Ghanian doctors in the fields of Cancer, Diabetes, Cardiology, Endocrinology, Respiratory, Acute Medicine, Sexual and Reproductive medicine, Embryology, Respiratory, Critical care, Psychiatry, General Surgery, Dermatology, Emergency and Resuscitation Medicine, Gastroenterology, Neuroimaging for Research, Pain Management, Rheumatology, and Neonatal Medicine, this a huge milestone and revolution in patient care across Ghana."

H.E. Mrs. REBECCA AKUFO-ADDO, The First Lady of the Republic of Ghana & Ambassador of Merck Foundation "More Than a Mother" said, "I truly appreciate and value our partnership with Merck Foundation and I am proud of our achievements together.

As the Ambassador of "More Than a Mother", I have been working closely with Merck Foundation to empower women in general and infertile women in specific, not only through creating a culture shift but by also making the fertility, sexual and reproductive care available for them and their husbands whenever they need it, nationwide through the graduates of fertility specialty, embryology training and sexual and reproductive care one year diploma and two year master degree. I am also happy that together we have been able to provide more than 125 scholarships of to our young Ghanian doctors in many fields that are very critical to our country which I consider a great milestone."
 
Watch partnership journey of Merck Foundation with Ghana's First Lady: https://youtu.be/O0kzkplZ6dM

Watch the video of The First Lady of Ghana & Ambassador of Merck Foundation "More Than a Mother" during the Merck Foundation Africa Asia Luminary 2022 here: https://youtu.be/qSCit41q9GU

On day 2 of the Luminary, Merck Foundation First Ladies Initiative- MFFLI committee meeting was also conducted between The First Ladies and Merck Foundation Chairman and CEO. During the MFFLI committee meeting, a reading session of Children's storybooks created by Merck Foundation, 'Jackline's Rescue' – to focus on the importance of Girl Education and highlight the immoral practices of society including child marriage & dowry system; and 'A Ride Into The Future' – to emphasize on the importance of empowering girls through education, was also held.

Watch the video of MFFLI committee meeting:
https://youtu.be/hGd8fTM7qwg
 
During the Luminary, a meeting between The First Lady of Ghana and Merck Foundation CEO, Senator, Dr. Rasha Kelej was also held to discuss the impact of on-going programs and define strategies to further build healthcare and media capacity in Ghana to improve patient care and raise awareness about wide range of social and health issues in the country.

Watch video of the meeting between Merck Foundation CEO, Senator, Dr. Rasha Kelej and Ghana First Lady, H.E. Mrs. REBECCA AKUFO-ADDO:
https://youtu.be/XjrQ2Z-MGI0 

Watch the video of Merck Foundation CEO, Senator, Dr. Rasha Kelej receiving H.E. Mrs. REBECCA AKUFO-ADDO, The First Lady of the Republic of Ghana & Ambassador of Merck Foundation "More Than a Mother":
https://youtu.be/21ubJokSPv4
 
Together with Ghana's First Lady, Merck Foundation has provided 125 scholarships to local doctors in Ghana in many critical and underserved specialties.
 
  • Out of which 59 scholarships have been provided to doctors for Diabetes, Endocrinology, Preventive Cardiovascular Medicine, Obesity and Weight Management courses, as a part of their Nationwide Diabetes Blue Points Program.
  • Moreover, 6 scholarships have been provided for the Oncology Fellowship and Master Program.
  • Merck Foundation has also provided 30 scholarships for Fertility Embryology, Sexual and Reproductive Medicine and Women's Health. This is a huge number that will advance women's health in the country.
  • 30 more scholarships have been provided for various critical and underserved specialties like Acute Medicine, Respiratory, Critical care, Dermatology, Psychiatry, Gastroenterology, Pain Management and many more.

"Our vision is that everyone can lead healthy and happy life. For 10 years this has been true in our mission to build healthcare capacity, transform patient care landscape, break infertility stigma, empower women, and support girl education. Through our partnership with First Lady of Ghana, we can impact the lives of people in the most disadvantaged communities in Ghana and beyond, leading them to a better future," said Senator, Dr. Rasha Kelej.

Merck Foundation also announced the Call for applications for their 8 important awards in partnership with The First Lady of Ghana for Media, Musicians, Fashion Designers, Filmmakers, students, and new potential talents in these fields.

Moreover, in partnership with The First Lady of Ghana, Merck Foundation has also launched seven children's storybooks, "Kofi's story", 'Educating Aku", "Make the Right Choice", "Jackline's Rescue", "Not Who You Are", "Ride into the Future" and "Sugar free Jude". 30,000 copies of the storybooks have been distributed to school students of Ghana; 20,000 more copies will also be distributed soon. The storybooks address various social and health issues like breaking infertility stigma, supporting girl education, coronavirus awareness, stopping GBV and diabetes awareness.

Merck Foundation in partnership with Ghana's First Lady had also conducted their online Health Media Training to emphasize on the critical role of media to create a culture shift, to break the silence, and be the voice of the voiceless to raise awareness on sensitive social and health issues. This important training session was attended by many of over 100 Ghanaian journalists.

The 9th Edition of Merck Foundation Africa Asia Luminary 2022 was streamed live on the social media handles of Merck Foundation and Senator, Dr. Rasha Kelej.

Link to the Facebook live steam of Inaugural Session of Merck Foundation Africa Asia Luminary & African First Ladies High Level Panel: https://www.facebook.com/KelejRasha/videos/1578702445903102

Merck Foundation is transforming the Patient care landscape and making history together with its partners in Africa, Asia, and beyond, through:
 
  • 1580 + Scholarships provided by Merck Foundation for doctors from 50 Countries in 39 critical and underserved medical specialties.

​Merck Foundation is also creating a culture shift and breaking the silence about a wide range of social and health issues in Africa and underserved communities through:
 
  • 2200 + Media Persons from more than 50 countries trained to better raise Awareness about different social and health issues
  • 8 Different Awards Launched annually for best media coverage, fashion designers, films, and songs
  • Around 30 songs to address health and social issues by local singers across Africa
  • 8 Children's Storybooks in three languages - English, French, and Portuguese
  • Pan African TV Program "Our Africa by Merck Foundation" addressing Social and Health Issues in Africa through "Fashion and ART with Purpose" Community
  • 1000+ Girls from 15 African countries supported through scholarships or school items, annually.
  • 9 Social Media Channels with more than 5 Million Followers
​
Click on the link below to download Merck Foundation App
https://www.merck-foundation.com/MF_StoreRedirection

Join the conversation on our social media platforms below and let your voice be heard

Facebook: Merck Foundation
Twitter: @MerckFoundation
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Instagram: Merck Foundation
Flickr: Merck Foundation
Website: www.merck-foundation.com
Business Wire India

Versuni, formerly known as Philips Domestic Appliances, takes a refreshing step into the Home Comfort category by introducing the Philips Tower Fan CX 5535. This cutting-edge product combines innovative cooling technology with energy efficiency, aiming to create comfortable living spaces with effortless portability and noise-free functioning.
Features of Philips CX 5535
 
  • Powerful 2230 m3/hr airflow
  • 60˚ Oscillation
  • 7 Hours Timer
  • Remote controlled operation
  • Aroma chamber
  • Whisper Quiet Performance
  • Touch Control Panel
  • Energy Efficient
  • Lightweight Portable Design

 
The new Philips Tower Fan sets a new benchmark for functionality and aesthetics. Its sleek design and lightweight construction make it a perfect fit for any space, while its powerful performance ensures optimal cooling without any disturbing noise. Additionally, the Tower Fan features a dedicated chamber for aromatic fragrances, enhancing the atmosphere and providing a refreshing experience throughout the summer season.
 
As homes become increasingly focused on both ergonomics and smart devices, Versuni's entry into the home comfort market seeks to provide consumers with a stylish and powerful solution. The Tower Fan caters to the growing demand for versatile cooling products, offering a personalized and consistent cooling experience for homes and offices. Its portability allows for effortless movement from one space to another, providing convenient and adaptable cooling wherever it is needed.
 
Commenting on the launch, Ms. Pooja Baid, Marketing Head, Philips Domestic Appliances India Ltd, said, "We are thrilled to build on our legacy of Philips' range of home appliances with the new Tower Fan, that packs a punch with powerful cooling in a convenient and sleek product. The Tower Fan is our answer to the rising desire for refreshing air during the summer without much noise and hassle. Consumers today are more mindful than ever before. By combining superior technology, energy efficiency, and modern design, we are set to revolutionize the standards of home comfort. A perfect addition to India's sustainability-conscious household, our latest launch will be perfect Air Buddy, especially during the summers."
 
Powered by innovation, the Tower Fan boasts a remarkable airflow of 2230 m3/hr, ensuring a cool breeze even on the hottest summer days. Its 60˚ oscillation feature promotes even distribution of cool air throughout the room, providing enhanced comfort. With a 7-hour timer, remote-controlled operation, aroma chamber, and whisper-quiet performance, users have complete control over their comfort experience. The fan offers 3-speed levels and 2 wind modes, allowing for customizable cooling tailored to individual needs. Its user-friendly touch control panel and remote make operation effortless, while its energy-efficient design helps reduce electricity bills.

The Philips Tower Fan CX 5535 addresses the common issue of hotspots in rooms despite using multiple air conditioners, making it an ideal choice for households. In addition, office spaces often experience uneven cooling, causing varying degrees of discomfort among employees. The Tower Fan acts as a personalized cooling solution, providing much-needed respite and infusing the surroundings with a fresh scent, ensuring a pleasant and comfortable working and living environment.
 
The Philips tower fan is now available for purchase at Rs 10,490 on Amazon and Philips Domestic Appliances online store - https://bit.ly/3NE9Zdo
Business Wire India

⮚ Plans to open 20 Rehab Centres across major metros over the next 6 years
⮚ Adopts a 360-degree approach to offer tailor-made residential treatment programs to suit the unique needs of each individual

Sukoon Health, India's premier chain of mental health hospitals, has unveiled its state-of-the-art Drugs and Substance Recovery Centre in Chhatarpur, New Delhi. This Recovery Centre adopts a unique 360-degree approach to deliver comprehensive and personalized care for individuals facing challenges with alcohol and substance abuse. Each patient will receive a specially tailored care plan to address their specific needs.

To counter growing alcohol and substance abuse amongst Indians, Sukoon plans to open 20 Rehab Centres across major metros over the next 6 years.

According to a national survey conducted by the government, a staggering 1.58 crore children aged between 10 and 17 years are addicted to substances. Alcohol addiction is most common followed by Cannabis and Opioids. About 16 crore people consume alcohol and more than 5.7 crore are dependent on alcohol and need help. The survey also states that 3.1 crore people use cannabis and about 25 lakhs suffer from cannabis dependence, while 2.26 crore people use opioids and approximately 77 lakhs require help for opioid-related problems.

Sukoon Recovery Centre offers residential programs for alcohol and substance abuse to help residents achieve long-term recovery. Sukoon's globally benchmarked and evidence-based program is available to individuals from all over the world, and the team is dedicated to providing personalized care that addresses each individual's unique needs.

"Our fundamental conviction is that every individual possesses unique needs that demand personalized care," expresses Vidit Bahri, the Co-Founder & Chief Growth Officer of Sukoon. "With our holistic 360-degree approach, we embark on a journey to comprehend the intricate symptomology of each person, crafting bespoke treatment plans that cater to their distinct requirements. As we dedicate our resources, we aim to meticulously measure patient outcomes, with an unwavering determination to substantiate the efficacy of our program. Together, we stride forward, melding clinical precision with an unyielding belief in the potential of personalized care."

The approach is a move away from the traditional 'one-size-fits-all' treatment programs that have been used for years. Instead, Sukoon's treatment program is tailor-made taking into consideration each individual - mind, body, and soul. The program addresses every psychological, physical, and psycho-social element that could have a bearing on an individual's well-being through a comprehensive range of medical, psychological, and physical assessments and treatments.

 The treatment journey lasts four to six weeks, during which the medical team provides a comprehensive treatment plan that includes a medical and physical check and extensive laboratory tests. Based on the results of these assessments, the doctors create a detailed treatment plan in collaboration with the rest of the multidisciplinary team that is 100% tailored to the individual's situation and needs.

The treatment plan includes a daily schedule that offers a range of services, including medical checkups, pharmacological intervention for relapse prevention, comprehensive psychosocial assessments, psychoeducation, psychotherapeutic interventions, family assessments and interventions, recreational therapy, expressive art-based therapy, physiotherapy, nutritional counselling, personal training, yoga, meditation, and exercise.

In addition to the comprehensive treatment program, Sukoon offers unparalleled hospitality to ensure that the residents feel comfortable and supported during their recovery journey.
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