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Business Wire India - Multimedia: Digest for May 01, 2024

Business Wire India - Multimedia

Multimedia By Business Wire India
Business Wire India



Key Highlights:
 
  • Private Equity (PE) deals amounted to a total value of $ 23.88 billion.
  • The number of funds raised soared 31% to hit a five-year high in FY24.
  • Angel and seed funding made an impressive 55.48% contribution to the overall deal volume.
  • Startups garnered nearly $ 8 billion from investors in FY24.
  • An average of three private investment deals were finalised daily.
  • Startup investments contributed 77.82% to the total PE investments by volume and 32.61% by value.
  • Among M&A deals, there was a massive 91% rise in the value of consumer discretionary deals.

360 ONE Wealth, earlier known as IIFL Wealth Management, in collaboration with VCCEDGE, has launched the sixth edition of the India Invests (i2) report for FY24. The i2 report offers interesting insights and analyses that have emerged in India's dynamic Private Equity (PE) and Venture Capital (VC) ecosystem in FY24, signalling a potential end to the funding winter. It also sheds light on the Mergers & Acquisitions (M&A) space, exits and the evolving startup environment.

According to the i2 report, the Indian dealmaking landscape in 2024 remained robust, with an average of three private investment deals being finalized daily. However, the number of deals and their total value decreased by one-third compared to FY23. In terms of deal value, both public market deals and pre-IPO deals nearly reached previous highs, signalling resilience in the segments. However, early-stage startup dealmaking took a significant hit, with both angel/seed deals and VC deals decreasing by nearly 29% each, in FY24.

Although deal activity slowed down, the median value of transactions improved, surpassing the previous peak seen during the investment rush in FY22. Similarly, the average value remained strong, exceeding the pre-pandemic level. This indicates that companies continued to attract significant investments from private investors.

Maharashtra surpassed Karnataka in total investment inflow and the number of deals, with Mumbai leading the way. Delhi-NCR remained a key hub, while Bengaluru saw a drop in the deal volume. Chennai rose to the fourth spot, replacing Pune. Old economy sectors attracted more investors amidst the struggles of the new economy.

In terms of exit activity, Information Technology retained its top spot, despite a pullback. Although the total number of exits rose marginally, the value of these exits exceeded $ 14 billion, representing a fifth more than the average, denoting a promising outcome for investors.

M&A activity in India fell sharply in FY24 as the cost of capital remained high in the wake of a tight interest rate scenario worldwide and as macroeconomic uncertainties weighed. The total value sank 69% from FY23, mainly due to the distortionary effect of the monumental mega-merger between HDFC Ltd and HDFC Bank.

Telangana was upstaged by Tamil Nadu in M&A deal activity, claiming the fifth spot, and surpassed Delhi in value to secure the fourth rank. Maharashtra retained its lead in both volume and value. Haryana surpassed Karnataka in M&A value. Mumbai and Delhi-NCR remained primary hubs, with Bengaluru ranking third. Chennai emerged, matching Pune in volume and surpassing it in value.

Almost all sectors within the startup domain were affected this year. The number of deals in HR tech, prop-tech, edtech, health tech, and travel tech halved. Fintech, media tech, and agritech also experienced a sharp deceleration in activity. On the other hand, logistics tech stood out, maintaining the same level of activity. Aggregate funding to logistics-tech ventures nearly doubled this year.

Mr. Yatin Shah, Co-Founder of 360 ONE and Joint CEO of 360 ONE Wealth, said, "While recent times have seen a fluctuating M&A landscape influenced by various macroeconomic and geopolitical factors, there is anticipation of a resurgence in deal-making as we progress into this fiscal. While there was a visible drop in the value and number of deals, across PE, startups, and M&As, the 41% increase in total exit value highlights the liquidity at hand and the potential for accelerated growth in FY25. Factors such as moderating inflation, anticipated declines in interest rates, and recent positive movements in the stock market contribute to this positive outlook. Despite the number of startups that received funding dropped by 17%, on average, nearly three startups received a cheque every day from an angel investor or a venture capital fund."

Mr. Anirudha Taparia, Co-Founder and Joint CEO, 360 ONE Wealth, commented, "The global forecast for private capital in 2024 shows a notable optimism stemming from a more stabilized investment landscape. We expect a gradual uptick in mergers & acquisitions activity during FY25. With an exit value of $ 9.5 bn, open market transactions doubled, presenting opportunities for buyers and sellers and becoming the primary driver of exits for alternative investors. Investment via bridge funding surged by over 50%, even as early, growth, and late-stage funds saw their total funding amounts halving in FY24."

The India Invests Report FY24 is the sixth edition of a regular series, which 360 ONE Wealth in association with VCCEDGE publishes bi-annually. The data included in the report is up to March 2024. 
Business Wire India

Merck Foundation, the philanthropic arm of Merck KGaA Germany, successfully conducted the third edition of their engagement and impact report of their programs '90 Minutes with Senator, Dr. Rasha Kelej, The Merck Foundation CEO' 2024 with the aim to update and discuss their programs and its impact and build advocacy to break infertility stigma, support girl education and transform patient care.
 
The session showcased Senator, Dr. Rasha Kelej's engagement with Media Members, Merck Foundation Alumni, Merck Foundation Award Winners, Social Media Followers and other stakeholders, through a Videoconference to address several critical health and social issues, in addition to sharing her long experience, challenges, solutions and success stories of Merck Foundation with audiences in social media.
 
Link to Facebook Livestream of Season 3 of 90 Minutes with Senator, Dr. Rasha Kelej: https://fb.watch/rcRsux1oXC/
 
Senator, Dr. Rasha Kelej, CEO of Merck Foundation expressed, "I am thrilled by the overwhelming acknowledgment extended by all. I deeply appreciate everyone for attending this session to discuss my perspectives, work and life experiences. Throughout this session, I addressed various questions and provided update on our programs, their impact, and our future plans. It is my hope that the information shared will prove beneficial to many, inspiring them to realize their full potential and pursue their aspirations in life."
 
As part of this important meeting, participants explored Senator, Dr. Rasha's personal and professional sides through questions about her likes, dislikes, hobbies, personality, education, early life, career, achievements, success stories and challenges she overcame. Additionally, her vision and plans for achieving the objectives of the Merck Foundation, as well as her personal goals, were discussed. 
 
The session was attended by over 150 participants from 36 countries.
 
Every year, the program adds innovation and fun to its theme to add a further sense of personal touch for the audience. This year, the program also included a special CEO segment 'What's the story', where Dr. Rasha narrated the sentiment and revealed the tale behind certain photos over the past 12 years since she started her role in Africa.
 
"This was one of my most favorite part of the session was when I was asked to mention the story behind few photos of my country visits and activities. It made me revisit my journey and beautiful memories in our beautiful continent," she added.
 
Senator, Dr. Rasha Kelej has been successfully leading the Merck Foundation programs for the past 12 years and works closely with more than 24 Africa's First Ladies as Ambassadors of Merck Foundation and Ministries of Health, Education, Information, Communication, Gender, Academia, Media and Art societies in 52 countries.
 
Senator Kelej has been recognized as one of 100 Most Influential African Women for five consecutive years from 2019 to 2023. She has also been awarded Doctorate of Letters Honoris Causa (D.Litt) by Krishna World University, India for her outstanding achievement in the social and healthcare development. Moreover, under her leadership, Merck Foundation was also recognized as the "2022 NGO OF THE YEAR".

She was also recently awarded the Global She Achievers Awards 2024, for her efforts to empower women in STEM, support girl education, and building healthcare capacity in Africa and beyond.
 
Below is the glimpse of the session:
Dr. Rosalyn Sando Toe-Massaquoi-Teahjay from Liberia asked, "Recently, the news about one of Merck Foundation Alumni, Dr. Louise Kpoto, being appointed as the Health Minister of Liberia was shared. That is truly a milestone. How excited were you to see the fruits of the foundation's hard work being paid off?"
 
Senator, Dr. Rasha responded, "I was so excited and proud, Many congratulations to her. This was the objective of our program, that we are developing and advancing the skills of the future leaders of healthcare in the country. Merck Foundation has provided 1740 scholarships for doctors from 52 countries in more than 44 critical and underserved medical specialities which is something I am very proud of. We also trained the first specialists in the country in many specialists like Oncology, Fertility, Embryology, Respiratory Care, etc. We are also developing the future leaders with top education, top knowledge and skills that can take a country's healthcare landscape to a different level.
 
Usually, when a foundation does work, you can see the foundation achieve objectives but future generations get an opportunity to see the vision come true. But, when you can watch the vision come true in front of you, it is amazing. We left a big legacy in Africa.
 
It makes me feel really satisfied that we have achieved such transformation in our journey, not only in present patient care but also the future because these people will take their countries to a different level in the future."
 
Gloria Milimu from The Standard Publication, Kenya acknowledged Dr. Rasha's work to create "More Than a Mother" campaign, and asked, "Do you face challenges in addressing stigma about infertility, how do you navigate through those challenges?"
 
Senator Rasha responded, "I thought I will face a lot of challenges when I started this campaign, but everyone was so accepting of our More Than a Mother campaign . The partners were very excited to implement and be a part of it and support the whole program.
 
We understood from the beginning that if you want to address a social issue to create a culture shift, changing the people's mindsets will take time. It will not happen overnight . It needs consistency, regular follow up and improvement in different tools and technology and the development of people's mindset by reaching people through different avenues and outlets.
 
I knew from the start, to make this impactful change, I will need to address this social issue on all levels through multi-sectoral approach like art, media, songs, movies, training and educating doctors, engagement on social media, and above all partnering with Africa's First Ladies as ambassadors of "More Than a Mother" campaign."
 
She further shared, "I come from Egypt and Africa. I was aware of the issue and this larger change required some kind of discipline, which is a part of my personality and approach since the beginning. Hence, I knew I will empower women every day, be consistent towards achieving the goals of this campaign and I was prepared for it.
 
Until today, we worked with 24 Africa's First Ladies as ambassadors of "More Than a Mother" campaign, and this was a very important platform. We also released children's storybooks and animation films to influence children with the aim to build their character and change of mindset while growing up.

Now, if you even search 'Infertility' in Africa, you will find thousands of articles and stories online. So, we have come a long way and reached a great level of creating awareness on infertility issues in Africa and we will continue to do so."
 
Merck Foundation "More Than a Mother" is a powerful campaign that defines interventions to build quality and equitable Reproductive and Fertility Care Capacity, Break Infertility Stigma and Raise Awareness about Infertility Prevention and Male Infertility.
 
The meeting was also live streamed on Senator, Dr. Rasha Kelej Facebook page, Senator, Dr. Rasha Kelej Twitter handle and Senator, Dr. Rasha Kelej Instagram page.
 
"After the success of the third season of this meeting, I am excited for the next season, to be able to engage with everyone. Stay tuned to know about the next session!," added Dr. Kelej.

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
Threads: Merck Foundation 
YouTube: MerckFoundation
Instagram: Merck Foundation
Flickr: Merck Foundation
www.merck-foundation.com
 
Business Wire India

Media Expo, one of the most trusted platforms for the advertising and signage industry, will unveil its 52nd Mumbai edition from 9 - 11 May 2024 at the Bombay Exhibition Centre, Mumbai. Over the past decades, the exhibition has been one of a kind in showcasing the evolution and innovation in the signage and indoor and outdoor advertising industry.
 
Opening in the next week, Media Expo Mumbai 2024 will bring more than 150 exhibitors under one roof allowing them to display their innovative products and solutions. The expo will welcome exhibitors from the domains of printing, consumables, media, fabrication technology, signage and sign systems, retail, POS, OOH and more. Besides India, this edition will welcome participants from China, Italy, Japan and Korea presenting the international advancements in the segment. 
 
Spread across 19,000 m² of exhibition area, the 52nd edition of Media Expo Mumbai will showcase approx. 300+ products from more than 200 brands under a diverse range of product categories like printing equipment, digital signage, printing technology, signage solutions, retail displays, finishing and fabricating technology, consumables and media as well as screen-printing technologies.
 
To reduce the hazardous impact on the environment, the industry is emphasizing the usage of eco-friendly and sustainable products. Being an ideal platform to dwell on the current issues and spread awareness on the usage of eco-friendly solutions, Media Expo will host a session on day one where Metamark UK's Iain Wallace will share insight on 'Recycling in the Signage Industry'. He will brief the audience and industry friends on global recycling infrastructure, the challenges of vinyl waste, and innovative solutions driving the industry towards responsible manufacturing and decarbonization.
 
The first day of the show is lined-up with discussions that are strategically curated on areas that focus on OOH business as well as sustainability emphasising the importance and techniques to offer green media solutions.
 
9th May 2024:
12.30 pm – 01.15 pm: Skin in The Game: Insightful journey in running a successful OOH business
 
02.00 pm – 03.00 pm: Panel Discussion on Marching Towards Sustainability: Building a roadmap towards attaining sustainable printing solutions

Product Launch: Mimaki will launch two flagship printers: UC JV330-160/130 & UJV100-160pLUS
 
10th May 2024:
12.00 pm – 12.45 pm: Recycling in the Signage Industry – Insights into enhancing sustainability in self-adhesive vinyl
 
02.00 pm – 2.45 pm
Streamlining sign production using SignAgent – Explore ways to integrate intelligent workflows in signage fabrication
 
Product Launch: Illuminati India will launch Mobile Light Box designed to offer ease of use and transport.
 
The expo will mark the presence of leading players like Ansure Tech, Apsom Technologies, Arihant Uniglobe, ADS LED, Aestrik, Bharti Creations, Colorjet, Canopus Systems, Co-Sign, Can Signage Systems, Epson, Geeta & Co, HP, Kheizer, Kartar Corporation, Laser Technologies, Mangalam Printers, Maruti Flex, Mistry Sign, Metamark, Navakar Ent, Nuclear, Orafol India, Rio Signage, Super Us Systems, Subh Plastics, Shreeji Sales, Sun Shine/Star Flex among others who are all set and excited to display their innovative products and solutions.
 
The India digital OOH advertising market size reached US$ 1.9 billion in 2023 and the market is expected to reach US$ 5.7 billion by 2032, exhibiting a growth rate (CAGR) of 12.5% between 2024 - 2032. Many factors have contributed to the growth of this sector. Specifically, the number of shopping malls and various other commercial buildings, increasing adoption of effective marketing strategies by small and medium-sized enterprises (SMEs), and rising advancements in programmatic technology represent some of the key factors driving the market.
 
Sharing his views on the ever-evolving landscape of advertising and branding segment, Mr Raj Manek, Executive Director & Board Member, Messe Frankfurt Asia Holdings Ltd, said: "Media Expo has proven to be the industry's most preferred trade platform to converge, network and build trade alliances with its successful past editions over the decades. Given the high level of competition across various product and service categories, brands and marketers are going aggressive and are looking for solutions that will make their communications stand apart. This is creating a demand for innovative products and technologies in the advertising, branding, and allied field which is driving the entire ecosystem toward growth. I believe this is what makes Media Expo a must-visit platform for professionals from the world of marketing, creative and graphic designing, offset printing, brand management and so on – to find advanced solutions. It is certainly a launch-pad for the exhibitors to introduce the latest technological innovations to the right audience."
 
The exhibition is a must-visit event for trade visitors from professions like screen printing, graphic designing, retail designing, professionals from OOH agencies, print production managers, media buying teams, retailers, distributors and wholesalers.
 
Press information and photographic material:
www.media-expo-mumbai.in.messefrankfurt.com/mumbai/en.html

Links to websites:
https://www.facebook.com/MediaExpoIndia/
https://twitter.com/mediaexpo_india
https://www.instagram.com/mediaexpo_india
https://www.linkedin.com/showcase/themediaexpo/

Websites:
Show Website: https://media-expo-mumbai.in.messefrankfurt.com/mumbai/en.html
Corporate Website: https://www.in.messefrankfurt.com/mumbai/en.html
 
Background information on Messe Frankfurt
www.messefrankfurt.com/background-information

Sustainability at Messe Frankfurt
www.messefrankfurt.com/sustainability-information
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