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Business Wire India - Multimedia: Digest for June 11, 2024

Business Wire India - Multimedia

Multimedia By Business Wire India
Business Wire India

In an era where millennials are redefining the paradigms of saving and investing, Motilal Oswal's innovative app, "Rise", is making significant strides in transforming how this generation engages with the financial markets. With a blend of advanced technology, user-centric features, and a deep understanding of millennial preferences, the Rise app is revolutionizing investment strategies for young investors and traders alike.
 
Millennials, characterized by their affinity for technology, flexibility, and value-driven choices, are increasingly turning to digital solutions to manage their finances. Motilal Oswal has tapped into this trend by offering a comprehensive app that caters to both traders and investors, addressing their unique needs and preferences.
 
"For Traders, the Rise app offers a suite of powerful tools designed to enhance trading efficiency and effectiveness," says Pankaj Purohit, Head of Information Technology at Motilal Oswal Financial Services Ltd. "Features like the advanced option chain and trading view charts provide in-depth market insights, enabling traders to make informed decisions swiftly. Additionally, the app supports all types of order placements and offers a customizable watchlist, allowing users to tailor their trading experience to their specific strategies."
 
One of the standout features for traders is the Options Store, which provides ready-made and custom options trading strategies. This tool is particularly beneficial for millennials who may not have the time to develop strategies from scratch but still want to engage actively in the share market. Moreover, the 4x Margin with Margin Trading Facility (MTF) gives traders the leverage they need to maximize their returns.
 
For millennial investors, the Rise app presents a curated collection of the highest-rated mutual funds, making it easier to choose from the top-performing funds. The app simplifies the investment process with easy payment options and provides comprehensive scheme details along with a returns calculator. This transparency and ease of use are crucial for millennials who value straightforward, hassle-free investment options.
 
Apurva Chaudhari, Head - Online Business & Digital Marketing, Broking & Distribution, Motilal Oswal Financial Services Ltd, highlights another key feature: "We are particularly proud of the detailed portfolio analysis available on the Rise app. This feature offers investors a clear view of their holdings, performance metrics, and diversification, helping them make informed decisions about their portfolios. Additionally, the app provides access to a free US stocks account with 24x7 trading, opening up global investment opportunities for our users."
 
The app also addresses the growing demand for financial education among millennials. With curated content on the stock market, the Rise app empowers users with the knowledge they need to navigate the complexities of investing. This focus on education aligns with the millennial preference for self-directed learning and informed decision-making.
 
In a rapidly evolving financial landscape, Motilal Oswal is emphasizing on the importance of providing tools that not only facilitate trading and investing but also educate and empower users. With its mobile app, the company embodies its commitment to supporting millennial investors and traders by offering a comprehensive platform that meets their investment diverse needs.
 
The impact of the Rise app on millennial investors is profound. By offering advanced trading tools, curated investment options, and educational resources, Motilal Oswal is helping millennials explore the financial markets with confidence and ease. The app's user-friendly interface and robust features make it an essential tool for young investors looking to grow their wealth and achieve their potential financial goals.
 
As millennials continue to influence the investment landscape, the Rise app is poised to play a pivotal role in shaping the future of financial management. With its innovative approach and dedication to meeting the needs of a tech-savvy, value-driven generation, Motilal Oswal is revolutionizing investment for the better.
 
Disclaimer
Business Wire India

Taisys, headquartered in Taiwan, has made a strategic investment of 7.2 Million USD in ATrack Technology Inc, an IPO company TPEX:6465, through private placement.
 
Founded in 2010 and publicly listed in 2015, ATrack is a leading brand offering development, manufacturing and global solutions for the Automotive Intelligence industry. This investment signals their commitment to bringing this cutting-edge technology to the Indian Automobile Industry. It positions ATrack to leverage Taisys' leading market presence and distribution network in India, while Taisys gains access to ATrack's advanced technologies and strengthens its position as a technology giant.
 
ATrack's core strengths lie in the development of AI dashcams, ADAS, DMS, LEO satellites (low-earth orbit satellites used for satellite-based tracking), and sensors. Their expertise in Advanced Navigation technology further adds to their capabilities.
 
Taisys is also partnering with the global hardware manufacturing to boost local manufacturing in India for semiconductor design platforms and AI dashcams. By setting up manufacturing units in India, both parties aim to not only serve the local market but also leverage India's growing ecosystem for global supply chains. These technologies are integral to various sectors, including automotive, logistics, and personal navigation, offering precise and reliable tracking solutions as well.
 
Jason Ho, the Chairman of Taisys Technologies said "This investment aligns with our vision to bring the best global technologies to India. ATrack's innovative approach and proven track record perfectly complement our growth strategy."
 
Abhishek Saxena, the Managing Director of Taisys India said "We are thrilled to partner with ATrack's technological prowess to leverage the upcoming wave of Automotive intelligence in India. This presents a unique opportunity for India to become a frontrunner in the field with truly groundbreaking automotive technology like AI dashcams, all while aligning with the Make in India initiative."
Business Wire India

IIFL Fintech Fund - India's only early-stage fintech-focused fund backed by a financial services conglomerate – the IIFL Group, has delivered a stellar performance showcasing strong investment acumen of the fund management team during turbulent industry scenario. The fund is over two-year old and is invested across 14 portfolio companies. It has a 0% Deadpool (Deadpool means failed startups) till now and 40% of its portfolio is EBIDTA positive. The fund boasts of one exit which was made in less than 18 months delivering an 80% IRR. Fund's Portfolio Internal Rate of Return (IRR) stands at 24% and Total Value Paid-In (TVPI) of 1.35x.  
 
Overall the portfolio companies have witnessed 100mn$ plus of follow-on funding post IIFL's investment. Revenue growth reported by the portfolio is 9.5x in an average holding span of 1.5 years. All of these portfolio companies have delivered 3-4x higher growth than their respective segments growth. Some of the early stage investments that the fund had identified have seen a 12x revenue growth in less than 2 years. 
 
Fund's strategy is to focus on early stage Fintechs and SAAS platform players that have use cases in the financial services industry. Fintech growth in India is multi-decadal and is expected to be higher as there is a huge under-penetration seen across segments: domestic credit (3x gap vs global), Mutual fund AUM (4.6x gap vs global) and Insurance (~1.6x gap vs global).

Overall, fintech as a segment is expected to grow at 11.1x in the next 5-years versus a growth of 3x expected in Indian online retail and 5.8x expected in Indian consumer tech. Over the last 5 years, 30% of the total funding deals have happened in the Online and Retail space and only 17% of the total funding has happened in Fintech. This gives an immense opportunity to fintech focused funds.
 
Tailwinds for the fintech sector continue to remain strong with an increasing digital population. There are >800mn internet users, >400mn digital content users, >500mn new smartphone users and >300mn digital payment users. Digital Public Infra is ready and stable to support 10x growth in the sector. Aadhaar, UPI, Digi locker, Account aggregator are innovations that are at the forefront of enabling this growth. 
 
Mehekka Oberoi, Fund Manager, IIFL Fintech Fund said, "Our fintech focused fund follows a collaborative approach. We just don't invest capital, we partner with companies in their product development, business & GTM Strategies, talent hiring and financial discipline. This helps us identify the strength of the product early on and map the business potential that it has. This strategy has helped us pick winners across the fintech domain. Examples: Leegality- is the largest document infrastructure signing company in India, FinBox- fastest growing embedded finance player, Trendlyne-most used stock market analytics platform, Finvu- account aggregator with the highest market share"
 
She further added, "91% of the fund's deals are proprietary in nature and follow a strong filtration criterion. Only ~1% of the deals reach the investment stage. For identified companies we remain partners with them from tech deployment to revenue acceleration stage (100crs ARR) and beyond."
 
Other investments done by the fund in the last one year: Riskcovry, Insurance Samadhan, Castler, EasyRewardz, Multipl, Finarkein Analytics, Xtracap Finance and Data Sutram. 
Business Wire India

Elan Group, a leading force in Indian real estate, celebrates 11 years of reshaping skylines and redefining luxury living. Their steadfast commitment to quality, sustainability, and trust has been the foundation upon which Elan has built a portfolio of iconic projects. Over the past decade, Elan Group has redefined luxury living and commercial/retail spaces through innovative designs, impeccable craftsmanship, and a relentless focus on customer satisfaction. This customer-centric approach prioritizes open communication, transparency, and integrity, ensuring a seamless experience for clients and building a loyal customer base. The company has consistently built a sterling reputation by exceeding expectations and delivering on promises. Their focus on creating unique and iconic projects sets them apart in the competitive market. By pushing the boundaries of architectural design and incorporating innovative concepts, Elan Group has consistently delivered projects that have left a lasting impression.
 
Commenting on the success, Mr. Rakesh Kapoor, Chairman, Elan Group said, "Our passion for excellence and vision to create iconic spaces that redefine luxury and innovation have driven us for the past eleven years. We are deeply grateful to our customers, associates and team members who have been integral to this remarkable journey. In the last decade, we have redefined the Indian real estate landscape with our commitment to quality, innovation, and customer satisfaction. As we look to the future, we remain dedicated to transforming the commercial realty sector and leaving a lasting legacy with iconic developments."

Elan's journey began with Elan Mercado in Gurugram, introducing high-street retail and service apartments – a project later recognized with the coveted 'Iconic Project of the Year Award' in 2020. This success was followed by a series of theme-based projects: Elan Town Centre with its colonial architecture on Main Sohna Road, and Elan Miracle at Dwarka Expressway which was designed by world-renowned designers UHA London. Elan's entry into luxury real estate with Elan Epic marked a significant milestone. This project, India's first luxury retail destination, positioned Elan as a revolutionary force and garnered prestigious awards like 'Best Launch of the Year' and 'Most Promising Shopping Centre' in 2021.

Elan Group's resilience shone during the global pandemic as they ensured continued support for customers and employees. Launched Elan Vision 2021, and unveiled new luxury retail destinations with one-of-a-kind projects like Elan Paradise and Elan Empire. Their diversification into ultra-luxury residential real estate with The Presidential further underscored Elan's commitment to growth and innovation. Elan's most recent launch, the first luxury mall in Gurugram—Elan Imperial, designed by BENOY and crafted with expertise from consultants like WET, CD+M, and SWA, signifies a global concept and marks a new chapter. This project, along with each previous milestone, contributes to the company's pioneering vision of transforming Indian commercial realty. Beyond commercial success, Elan Group is committed to social responsibility. The Elan Foundation is actively engaged in several impactful initiatives such as adopting flood-stricken Khidrapur Village and participating in the restoration of Kopeshwar Temple. Additionally, it implements diverse programs supporting the well-being of children, youth, the elderly, fostering environmental conservation and enriching societal welfare.

Elan Group is led by a seasoned leadership team with extensive experience across real estate segments. Founded by Mr. Rakesh Kapoor, whose decades of expertise in residential, commercial, and hospitality projects laid the groundwork for the company's success. Today, the company is driven forward by second-generation leaders, Mr. Ravish Kapoor, Managing Director, Elan Group, and Mr. Akash Kapoor, Director, Elan Group, driving the brand to unprecedented success. Their innovative strategies and forward-thinking approach are reshaping the landscape of the industry, taking the Elan Group to new levels of prominence and excellence. Together, this dynamic trio fosters a collaborative and driven work culture, paving the way for Elan Group's continued success.

With a strong foundation of over 7000 happy customers and a prospective investment of Rs 10,000 crores in planned future projects, Elan Group is poised to build on its legacy of excellence and innovation. As it celebrates 11 years, its unwavering commitment to customer service and architectural ingenuity continues to set new benchmarks in the industry.
Business Wire India

Insomniacs, a leading martech network in real estate, announces the launch of Absolute CX; its latest PropTech that is designed to streamline the digital transformation for real estate developers. With the development of a successful series of its products, such as Totality, Virtual Runway, etc., it is set to address the larger problems of integrating technology and AI, challenging the dynamics and unique operational cycle of the real estate sector.
 
With over a decade of experience in this sector, Insomniacs has steered the digital and technology prowess of real estate, encountering certain complexities associated with the use of multiple software solutions. The advent of newer technologies has posed a need to integrate these softwares, as the use of multiple solutions creates problems for the developers. With the integration of these platforms, it would be efficient to gather insights effectively without visiting multiple dashboards.

Therefore, to tackle these problems, Insomniacs has come up with a unified platform to automate various functionalities and transform the journey of real estate developers.

Absolute CX will manage the challenges associated with the multiple software solutions. It features eight modules and partnerships with more than 90 renowned platforms, aiming to provide the best customer experience. This innovation enables the developers to save up to 30% of operations costs, which in turn helps reduce customer acquisition costs at the desired point.

Mr. Govind Rai, CEO and Co-founder of Insomniacs, said, "Our aim is to provide a significant boost to the real estate landscape. Absolute CX provides a one-time integrated solution for all. We take pride in being the first in India to come up with this approach." Absolute CX, with its integrated solutions, has already caught the eye of the top 4 out of the 15 leading developers in India, creating a pathway to lead the real estate market and set new standards in this ever-evolving sector.
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