Happiest Minds Technologies Limited (NSE:HAPPSTMNDS), a ‘Born Digital. Born Agile’, digital transformation and IT solutions company, today announced its consolidated results for the third quarter that ended December 31, 2023 as approved by its Board of Directors.

Ashok Soota, Executive Chairman, said “Our results reflect the resilience of our business model which has continued to deliver industry-leading revenue growth in a generally difficult quarter for the industry.  We have strengthened our sales engine by creating a focused Gen-AI Business unit.  Effective April 2024, we will be creating five Industry Groups, operating as independent profit centers and led by specialized industry managers. We expect these changes to add significantly towards our FY25 growth.”

Financial highlights

Quarter ended December 31, 2023

• Revenue in constant currency grew by 0.8% q-o-q and 9.4% y-o-y
• Operating Revenues in US$ stood at $49.4 million (growth of 0.5% q-o-q: 9.0% y-o-y)
• Total Income of ₹ 43,417 lakhs (growth of 1.2% q-o-q; 15.9% y-o-y)
• EBITDA of ₹ 10,519 lakhs, 24.2% of Total Income (growth of 0.4% q-o-q; 8.2% y-o-y)
• PAT of ₹ 5,962 lakhs (growth of 2.0% q-o-q; 3.6% y-o-y)
• Free cash flows of ₹ 9,894 Lakhs
• EPS (diluted) for the quarter at ₹ 3.96

Nine months ended December 31, 2023

• Revenue in constant currency grew by 11.5% y-o-y
• Operating Revenues in US$ stood at $146.1 million (growth of 10.8% y-o-y)
• Total Income of ₹ 1,26,753 lakhs (growth of 19.1% y-o-y)
• EBITDA of ₹ 31,300 lakhs, 24.7% of Total Income (growth of 12.0% y-o-y)
• PAT of ₹ 17,641 lakhs (growth of 1.8% y-o-y)
• Free cash flows of ₹ 30,323 Lakhs
• EPS (diluted) for nine months at ₹ 11.89

Venkatraman N, MD & CFO, said “We have delivered healthy growth in profits of 12% in the current nine-month period and have beaten profit guidance for the fifteenth quarter in a row. I would like to reiterate that our growth in profit numbers is despite considering above industry average pay increase, and continued investments in newer technologies.” 

Joseph Anantharaju, Executive Vice Chairman, said, “With a strong value proposition across cloud, data, analytics, AI, intelligent automation, and cyber security, we are at the center of our customer’s strategic imperatives. This is evidenced by the ten customer additions for the quarter, with our billion-dollar customer count increasing to 59. Being recognized among Top 50 India’s Best Workplaces in IT & IT-BPM 2023 by Great Place To Work® Institute, we remain committed to sustaining a strong, diverse, equitable & inclusive culture for our team.”

Clients:

• 245 as of December 31, 2023
• 10 additions in the quarters

Our People – Happiest Minds:

• 5,246 Happiest Minds as of December 31, 2023
• Trailing 12 months attrition of 14.1% (14.4% in the previous quarter)
• Utilization of 76.7%, from 75.6% in last quarter

Key Project Wins:

• For a global education and learning company, Happiest Minds is building their Gen AI-powered hyper-personalized tutor, study plan generator and assistant platform
• For one of the largest integrated automotive service companies, Happiest Minds was chosen as their strategic partner to accelerate their cloud journey on Microsoft Azure
• For an Australian Hi-Tech Company, Happiest Minds has been chosen to build its digital retail platform
• For an Indian not-for-profit organization in the healthcare sector, Happiest Minds has been chosen to upgrade its proprietary surgical platform to drive better user experience
• For one of the world’s largest automobile original equipment manufacturer (OEM), Happiest Minds was chosen as a strategic partner to enhance dealer experience and drive omni-channel experience for their customer-facing platform
• For a leading property marketplace in South Asia, Happiest Minds is the preferred partner to upgrade its customer-facing platform
• For a global manufacturer of materials-handling equipment, this consulting-led engagement entails Happiest Minds to advise and build their data platform.

Award Wins:

• Happiest Minds is recognized among ‘Top 50 India’s Best Workplaces in IT & IT-BPM 2023by Great Place To Work® Institute
• Happiest Minds recognized among 100 Best Companies for Women in India 2023 by Avtar and Seramount
• Happiest Minds was awarded the GOLD award for its 2023 Integrated Annual Report from the League of American Communication Professionals (LACP)
• Happiest Minds’ Integrated Annual Report 2022 won Gold at the SAFA Best Presented Annual Report Awards
• Happiest Minds won fit ‘India’s Fittest Disruptors 2023’ Award
• Happiest Minds was recognized as ‘Procurement Organization of the Year’ at the 8th Annual ISM-INDIA Conference and CPO Awards 2023

Analyst Mentions:

• Happiest Minds is ‘Niche & Established’in Digital Engineering and ER&D Services – Generative AI Engineering Services  – Zinnov Zones
• Happiest Minds is ‘Leader’in Digital Engineering and ER&D Services – Enterprise Software  – Zinnov Zones
• Happiest Minds is ‘Leader’in Digital Engineering and ER&D Services – Consumer Software  – Zinnov Zones
• Happiest Minds is ‘Leader’in Digital Engineering and ER&D Services – Software Platform Engineering  – Zinnov Zones
• Happiest Minds is ‘Leader’in Digital Engineering and ER&D Services – Small and Medium Service Providers  – Zinnov Zones
• Happiest Minds is ‘Aspirant’ in Lending IT Services PEAK Matrix® Assessment 2023 – Everest Group
• Happiest Minds is ‘Aspirant‘ in Cloud Services in Insurance PEAK Matrix® Assessment 2023 – Everest Group
• Happiest Minds is featured in ‘Transforming the Banking Industry with ESG Services’ – Nelson Hall

Source: Press Release

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LTIMindtree delivers 3.5% YoY USD revenue growth

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[NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, announced its consolidated results today for the third quarter ended December 31, 2023, as approved by its Board of directors.

“Our strong operational performance in a seasonally weak quarter speaks about the organization’s resilience amid the continuing macro challenges. For the quarter, we reported a revenue of USD 1.08 billion, a 3.5% YoY growth in USD terms, an EBIT margin of 15.4%, an increase of 150 bps YoY, and a PAT margin of 13%, an increase of 140 bps YoY.

We have booked our highest-ever order inflow at USD 1.5 billion, representing a 21% increase YoY, and our strong cash flow metrics helped us cross INR 10,000 crore in cash and investment balance. These strong indicators make us confident to deliver on our path to success as we enter the new year.”

                                          -Debashis Chatterjee, Chief Executive Officer and Managing Director 

Key financial highlights:

Quarter ended December 31, 2023

• In USD:
• Revenue at $1,083.7 million (growth of 0.8% Q-o-Q / 3.5% Y-o-Y)
• Net profit at $140.5 million (growth of 0.1% Q-o-Q / 15.6% Y-o-Y)
• In INR:
• Revenue at ₹90,166 million (growth of 1.2% Q-o-Q / 4.6% Y-o-Y)
• Net profit at ₹11,693 million (growth of 0.6% Q-o-Q / 16.8% Y-o-Y)

Nine Months ended December 31, 2023 (YTD FY24 vs YTD FY23)

• In USD:
• Revenue at $3,217.9 million (growth of 5.6%)
• Net profit at $421.1 million (growth of 2.7%)
• In INR:
• Revenue at ₹2,66,241 million (growth of 8.7%)
• Net profit at ₹34,839 million (growth of 5.7%)

Other highlights:

• Clients:
• 739 active clients as of December 31, 2023
• $5 million+ clients increased by 5 on a Y-o-Y basis, total 149
• $10 million+ clients increased by 8 on a Y-o-Y basis, total 89
• $20 million+ clients increased by 3 on a Y-o-Y basis, total 40
• $50 million+ clients increased by 1 on a Y-o-Y basis, total 12
• People:
• 82,471 professionals as of December 31, 2023
• Trailing 12 months attrition was 14.2%

Deal Wins

• A global leader in the design, engineering, and delivery of customized facilities for high-tech industries has selected LTIMindtree as their preferred strategic partner for their Digital Transformation journey over the next 5 years. LTIMindtree will drive transformation across the technology landscape through multiple services including Cloud Migration, End User Services, Security, and Application Development and Support.
• A US-based premier oil and gas producer selected LTIMindtree as their strategic partner for end-to-end technology services. As part of the partnership, LTIMindtree will provide services across several value-based portfolios covering Digital Solutions, Platforms and Operations.
• A diversified multinational mass media corporation has chosen LTIMindtree as their preferred ServiceNow transformation partner. This engagement will help unlock the value of their ServiceNow investments, improve ROI, and drive cost efficiency.
• A leading US-based energy producer has expanded its infrastructure managed services scope with LTIMindtree.
• A global financial services technology company has chosen LTIMindtree for its Product Development initiatives.
• A utilities company in the Middle East continues to strengthen its relationship with LTIMindtree by signing another 3-year agreement where LTIMindtree will support their transformation journey by identifying areas of expansion and optimizing the technology landscape.

Partnerships

• LTIMindtree received the “Global Partner of the Year award” for Sustainability from #AWS at #reinvent2023. We received this commendation for the business impact we created for one of our marquee Utility customers, enabling them to reduce over 2 million metric tonnes of carbon emissions. This recognition accentuates LTIMindtree as a conscientious, futuristic, and sustainable organization committed to an inclusive vision, shared growth, and positive value creation with our stakeholders.
• LTIMindtree was honoured with “Partner on Boomi Award” at the Boomi World Tour. This recognition endorses LTIMindtree’s deep expertise to deliver integrated environments, power automation, and enable data-driven decision-making to give our joint customers the best business outcomes.

Recognitions

• LTIMindtree named Global Future 50 Company by Fortune Magazine in its latest edition, being the only IT Services company to feature on the list.
• LTIMindtree positioned as a Leader in Everest Group’s Cloud Services in Insurance PEAK Matrix® Assessment 2024.
• LTIMindtree recognized as Leader and Star Performer in Everest Group’s Talent Readiness for Next-gen IT Services PEAK Matrix 2023.
• LTIMindtree recognized as Leader in Everest Group’s Lending Services 2023 PEAK Assessment.
• LTIMindtree recognized in Forrester’s ‘The Application Modernization and Migration Services Landscape, Q4 2023’.
• LTIMindtree interviewed for Forrester’s November 2023 report, ‘Layers, Gates, Pipes, And Loops: A GenAI Application Architecture’.
• LTIMindtree recognized in Forrester’s ‘The Continuous Automation and Testing Services Landscape, Q4 2023’.
• LTIMindtree recognized in Forrester’s ‘The Microsoft Business Applications Services Landscape, Q42023’.
• LTIMindtree recognized as an Enterprise Innovator in HFS Horizons: Generative Enterprise Services Horizons.
• LTIMindtree recognized as an Enterprise Innovator in HFS Horizons: Life science service providers 2023.
• LTIMindtree positioned as an Innovator in HFS Horizon’s Retail & CPG Industry 2023.
• LTIMindtree positioned as a Rising Star in ISG Supply Chain Services 2023.
• LTIMindtree positioned as a Major Contender in Everest Group’s Cloud Security Services PEAK Matrix® Assessment 2023.
• LTIMindtree recognized as a Major Contender in Everest Group’s Digital Interactive Experience (IX) Services PEAK Matrix® Assessment 2023 – North America.
• LTIMindtree recognized as a Major Contender in Everest Group’s Artificial Intelligence(AI) Services PEAK Matrix® Assessment 2023.
• LTIMindtree recognized as a Major Contender in Everest Group’s Healthcare Digital Payer Services PEAK Assessment 2023.

Source: Press Release

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Quench Your Thirst with Quam and Win a Premium Yeti Rambler

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Quam Nichols, a manufacturer of quality commercial loudspeakers, has announced a campaign for a chance to win a Yeti Rambler. Anyone can participate in the campaign, and you not only stand a chance to win a premium Yeti Rambler but also open doors to an exciting partnership that promises to revolutionize the world of system integration. Join Quam Nichols in shaping the future of sound and security.

“We’re kicking off the New Year with updated pricing, and a fun campaign. We’re on a mission to provide unparalleled product quality and seamless integration in every AV project. To celebrate this journey, we’re excited to offer you a chance to win a premium Yeti Rambler while becoming a valued partner in shaping the future of AV experiences. Whether your drink of choice is hot or cold, this Yeti will come in handy,” says Randy Moore, President of Quam Nichols. “It’s easy to win, and there are a few ways to get your hands on these Yeti’s by getting social. You can win by posting a picture of “Quam in the Wild”. Post a picture of our products in your installation and tag us. Another way to get social and win is to comment or tag a colleague in one of our Yeti social posts. Lastly, if you’re on our website, you can win by signing up for our newsletter. We will engage with participants and send out Yeti’s while supplies last, so get social!”

This campaign starts January 15, 2024, and will continue until Quam’s Yeti supplies are exhausted with a limit of 1 per person. Quam encourages all to participate and become partners. For more info about Quam and this campaign, visit their website at: www.quamspeakers.com. You can find Quam on LinkedIn, Instagram, X, and Facebook at @QuamNichols.

Source: Press Release

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Goldmedal Electricals elevates home connectivity with 360 degree adaptor

Navratri 2023: Unveiling The Importance Of Sharadiya Durga Puja

Goldmedal Electricals, one of India’s leading Fast Moving Electrical Goods (FMEG) companies, introduced the 360 Degree power adaptor. This power adaptor is equipped with dual USB ports and multiple international sockets that allow you to effortlessly connect and power your devices.

The circular design of the 360 Degree power adaptor delivers maximum freedom while using minimum space. Enhancing its usability, the master switch at the centre ensures easy, one-touch control. The robust construction of the 360 Degree power adaptor ensures long-lasting performance, providing power for all your needs.

Other features include:

1. Fire retardant high-grade plastic body: Ensures safety, reduces the risk of fires, and enhances the adaptor’s durability.
2. Overload protector: The in-built surge protector in the adaptor protects the connected electronic devices against power surges and spikes.
3. Thermal trip technology: The thermal trip feature automatically shuts off the power to prevent overheating and potential fire hazards.
4. LED indicator: Indicates if the power of the adaptor is ON/OFF.
5. Heavy-duty 2-meter power cord: Increases durability and flexibility, allowing users to connect devices from a greater distance.
6. Output 2100 mA: Enables fast charging of devices like smartphones and tablets.

Speaking about the product, Mr. Kishan Jain, Director, Goldmedal said, “At Goldmedal, our commitment prioritizes both efficiency and safety. Equipped with a heavy-duty cord, international sockets, and USB ports, our 360 Degree power adaptor is a must-have device for modern homes and offices. It ensures rapid charging, while integrated features like surge protection and thermal trip technology provide unparalleled safety and reliability.”

360 Degree Power adaptor is available both online and in retail stores for Rs. 1100. It comes with a one-year warranty.

Source: Press Release

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Navratri 2023: Unveiling The Importance Of Sharadiya Durga Puja

Illuminate brilliance: Goldmedal Electricals launches Jugnoo LED downlights

, the mobile app economy’s one-stop shop for mobile app defense, has announced the results of its new 2023 Global Consumer Expectations of Mobile App Security study. The report features detailed data and responses from 25,000 consumers who provided insights about their mobile app usage, as well as their expectations and desires around mobile app security and protection against fraud, malware and other mobile threats.

The 12-country survey, now in its third year with 75,000 consumers interviewed, is seen as the benchmark for measuring consumer attitudes and concerns regarding mobile app security for the apps they use daily. This year’s survey again found that mobile apps are the preferred channel globally over web / digital platforms, and that consumers care deeply about mobile app security.

The major takeaways in this year’s survey are:

• An overwhelming majority of consumers (82.4%) are mandating a new approach to mobile fraud – to proactively prevent fraud before it happens, as opposed to reimbursing them after the fraud has occurred. This represents an overwhelming shift in the fraud protection approach, and all but renders existing anti-fraud solutions obsolete.
• More than half of consumers surveyed (56.2%) said mobile brands and app developers should be responsible for ensuring a safe consumer experience, far exceeding all other choices.
• Four out of ten people (41.8%) say they or a close friend/relative have been the victim of a cyber-attack, mobile fraud or malware.

“Given these findings, the mobile brands and businesses looking to drive adoption, lower the cost of customer acquisition, and achieve higher transaction volumes should take note,” said Richard Stiennon, founder and Chief Research Analyst at IT-Harvest, author of the introduction to this year’s survey. “Mobile app security is critical to any mobile app strategy.”

A lack of in-app protections against security threats, fraud and malware can have dire consequences for mobile brands, with an eye-opening 73.7% of consumers stating that they would likely or very likely stop using a mobile app if it experienced a breach. Similarly, 67.5% of consumers stated that they would stop using a mobile app based merely on the perception that the app lacked sufficient protection. On the flip side, mobile brands can reap rewards by protecting their mobile end users: an overwhelming 93.6% of consumers say that they would engage in multiple forms of brand advocacy for mobile applications that meet or exceed their security expectations, contributing to the app’s success.

Global consumers’ want more security vs. features
With consumers increasingly shifting away from web-based channels, a strong demand for mobile app security has emerged with an overwhelming number of respondents, 85.6%, indicating that protecting them against security threats, fraud and malware is equally or more important than new features. Similarly, 48.4% of global consumers stated that they require “The best protection,” when using mobile apps, meaning, “protect the login and the data, stop malware and prevent mobile fraud. This is 554% higher than the number of global consumers that said protecting the login alone was sufficient. These revelations should prompt consumer brands and cyber teams to work together and shift their mindset and security budgets to mobile-first.

“Mobile apps remain a dominant force in the consumer landscape, shaping a narrative where the very foundation of brand loyalty could be anchored in security,” said Tom Tovar, CEO and co-creator of Appdome. “As more brands attempt to connect with their customers via mobile apps, it is imperative for them to work closely with cybersecurity teams to provide mobile app users with peace of mind when it comes to their demands for increased mobile app protection.”

Additional results from the 2023 Global Consumer Survey include:

• Not unexpectedly, younger consumers outpace their older counterparts when it comes to mobile app use in general and specifically for making purchases. For example, 59.6% of 25- to 44-year-old consumers and 51.5% of 18- to 24-year-old consumers prefer using mobile apps for purchases, compared to only 41.7% of consumers over 45. In all age groups, mobile app use ranks above digital/web channels. More than 40% of consumers are spending more time on mobile apps, with rideshare, health and wellness, and travel apps enjoying the biggest gains in usage with increases of 17.3%, 13.3%, and 8.6% respectively compared to 2022.
• 55.1% of global consumers ranked “synthetic fraud,” which includes identity theft, account takeovers (ATOs), fake apps/transactions and similar attacks as their top fear when using mobile applications.
• 23.9% of respondents believe that the mobile brand or developer doesn’t care about their security needs, which is the fastest-growing concern, up from only 6.7% in 2021, an increase of 256%.

Survey Demographics
The survey included respondents from across the demographic spectrum, including Android and iOS users, different generations, genders, countries and economic backgrounds. For the full report visit: https://www.appdome.com/global-consumer-cyber-security-survey/.

Source: Press Release

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Navratri 2023: Unveiling The Importance Of Sharadiya Durga Puja

Illuminate brilliance: Goldmedal Electricals launches Jugnoo LED downlights

Casio India, the country’s largest and most cherished calculator brand, unveils its latest campaign for its flagship scientific calculator, the Casio ClassWiz FX-991CW.

Since its launch, Casio’s ClassWiz scientific calculators have been revered globally for their user-friendly interface and expansive functionality. With the advent of the FX-991CW, Casio sets a new benchmark in scientific calculators, reimagining them in a format that epitomizes simplicity and intuitive design. Offering an enhanced experience and robust capabilities, the ClassWiz FX-991CW is designed to play an instrumental role for Engineering students. ClassWiz offers online visualization of equations via QR Code which helps students to generate equations’ graphs and other graphics on smartphone and tablets. The calculator has over 540 built-in functions with labels presented in a clean, bold sans-serif typeface with enhanced glyphs to represent each scientific function. The keypad has been redesigned, featuring circular cursor keys that are easily accessible from any angle, ensuring effortless navigation.

The film, set amidst the vibrant backdrop of college life, presents a relatable scenario featuring Veer and Dev, two 1^st Year Engineering students grappling with the uncertainties of their academic journey. During play rehearsals, Dev worries about the upcoming challenges until three seniors introduce him to the ‘Khaas Cheez’ being the Casio’s ClassWiz calculator. Furthermore, the film adeptly infuses humour into the narrative, illustrating how this powerful tool not only simplifies intricate mathematical problems but also empowers students to unlock their potential, fostering an environment where academic success harmonizes with pursuing passions.

Commenting on the campaign launch, Mr. Hideki Imai – Managing Director, Casio India said, “With the launch of our new campaign, we aspire to connect with bright, young minds, to portray Casio’s ClassWiz not merely as a calculator, but as a catalyst for academic triumph and individual advancement. A key tool ushering their journey ahead, ClassWiz brings technology-first functions that allows students to hone their skills while relying on the efficacy of our product. The simplicity, intuitive design, user-friendly interface, and expansive functionality of this tool makes it an ideal companion for Engineering and Diploma students”.

Commenting on the campaign launch, Mr. Rudraksh Vashist – Senior Creative Director, Continu Media expressed “Crafting the ad film for Casio has been a remarkable experience. In its unique quirky way, the film captures the essence of the Engineering journey of a student and how Casio Classwiz range of scientific calculators empowers the students to sail through it.”

Source: Press Release

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Illuminate brilliance: Goldmedal Electricals launches Jugnoo LED downlights

Navratri 2023: Unveiling The Importance Of Sharadiya Durga Puja

Goldmedal Electricals, one of India’s leading Fast Moving Electrical Goods (FMEG) companies, announced the launch of its Jugnoo LED Downlight. It features 3-in-1 colour temperatures: Warm White, Neutral White, and Cool Daylight. This downlight is easy to install and use, allowing users to simply switch between three colours by turning the light ON and OFF.

Jugnoo, featuring a high-quality luminaire, boasts an aesthetically pleasing design with a transparent acrylic cover. This cover not only enhances the light dispersion but also elevates the overall look of the ceiling. The anti-glare diffuser in Jugnoo creates soothing light making it an ideal choice for homes, offices, shops, restaurants, and hotels. Its in-built independent driver provides electrical protection against high and low voltages.

Other features:

1. Polycarbonate housing with transparent optical acrylic cover
2. Equipped with a separate driver to ensure ease of installation and use.
3. Surge protection up to 2.5Kv
4. Total lumen efficacy: 75lm/W
5. LED life: 25000 burning hours

Speaking about the product, Bishan Jain, Director, Goldmedal Electricals said, “At Goldmedal, our commitment is to elevate the ambiance of every home, shop, or restaurant. The introduction of Jugnoo LED Downlight is a great addition to our contemporary lighting segment. It combines comfort with aesthetic appeal in a seamless manner. Its sleek design allows for effortless integration into any setting, offering ideal lighting solutions.”

Jugnoo LED Downlight is available both online and in retail stores for Rs. 310. It comes with a warranty of 2 years.

Source: Press Release

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Inflection Point Ventures Launches accelerator program – IPV Ideaschool batch 1 for early-stage startups

Navratri 2023: Unveiling The Importance Of Sharadiya Durga Puja

Glamplus, a SaaS enabled B2B Beauty Marketplace has raised appprox 16.5cr in a pre-series A round from Upsparks Capital, Eagle10 Ventures, ITI Growth Opportunities Fund and Inflection Point Ventures. The round also saw participation from Kube VC and other marquee investors including Gopal Krishna Varshney and IR capital partners. The funds will be directed towards B2B expansion in Tier I & Tier II cities and to venture into International markets.

Glamplus is a B2B marketplace that assists and allows small, medium and large salons/spas/retail beauty chains to adopt technology for running their day to day operations more efficiently. Glamplus specialises in a spectrum of services tailored to meet the diverse needs of their customer base. The Company has built a SaaS platform that offers state-of-the-art solutions to optimize efficiency and productivity of their consumers. Glamplus also provides offline & online supply of beauty products, professionals and personal care to chain of spas aiming for expansion and market entry into beauty product supply in beauty store, supermarkets.

Rohan Singh, Chief Operating Officer, Glamplus, says “We are on a path to profitability by Q1 24 by creating an impact and reaching small business like salon and beauty stores  where they can avail  higher fulfilment, faster deliveries and better pricing due to optimized supply chain with no middlemen. Our focus is also on providing quality, genuine professional products.  We are also optimising our product supply & delivery experience.”

Mr. Mitesh Shah, Co-Founder, Inflection Point Ventures commented saying “What team size and cash on hand is needed to oversee business operations, manage inventory, handle customer relations, and maintain an online presence while balancing responsibilities as a small to medium-sized salon/spa owner? Recognizing this challenge, Glamplus offers a comprehensive solution by providing Employee Management, Appointments, Inventory, Expenses, Campaigns, and Analysis services. In an industry saturated with businesses of varying classes, from high-end to low-end, Glamplus creatively addresses a critical need that has long gone unanswered.”

Mohit Gulati, Managing General Partner, ITI growth opportunities fund, says, “Being an early mover in the industry, Glamplus has helped automate salon workflow and minimise unorganised inventory procurement by providing better rates and quick delivery time. It currently hosts around 32 brands. The BPC market in India reached $26.3 billion in 2022 and is expected to reach $38.0 billion by 2028. Glamplus team is well versed in the salon space and have resiliently built the company’s business strategy from the ground up and are scaling operations successfully across cities. Glamplus is well-positioned to take on the B2B beauty market across India and the globe.

Glamplus is currently operational in Karnataka, Chhattisgarh and Odisha catering to clients from  salons to small and medium sized beauty stores . The company recently launched a centralised warehouse to facilitate faster order processing, inventory management, and fulfilment, minimise shipping times and costs while ensuring quicker delivery to customers.  The company has also designed efficient tools for optimization of delivery, better logistics plan and packaging development.

Glamplus pivoted into the Digital B2B beauty marketplace and has listed over 2000 SKUs registering a 12% growth annually. With over 30-member lean team, Glamplus has built a user base of more than 9500 beauty customer clients and over 6 lakhs B2C customers. It aims to cater to 1000 B2B beauty clients spanning from luxury salons to small sized parlours in the next 6 months.

Source: Press Release

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Upler’s new ad film highlights core challenges in hiring Tech Talent

Snowflake appoints Vijayant Rai as the new Managing Director for India

Inflection Point Ventures today announced the launch of its accelerator programme, IPV Ideaschool batch 1. The 6-week nationwide program has been designed for entrepreneurs who are seeking to take their business from the idea stage to MVP.

Out of 2000 expected applicants, 100 will be shortlisted for the program initially and 40 of them will then proceed to be an active part of the discussion in the accelerator program. The startups will be evaluated through several rounds across multiple parameters.

At the final stage, the program will culminate in an on-ground event, where the top 15 startups will get a chance to showcase their respective business idea to an esteemed jury. The final 5 startups emerging from this set stand to bag Rs 80 lakhs as investment and a once-in-a-lifetime opportunity to become part of the IPV portfolio. Applications for this opportunity remain open until January 20th, 2024.

Speaking on the initiative Mr. Mitesh Shah, Co-Founder, Inflection Point Ventures says, “IPV Ideaschool– the highly curated program aims to give an edge to the startups as they will not only secure early-stage funding but also get an opportunity to grow and scale their business rapidly with strategic guidance and IPV’s rich network. At IPV, we are looking for startups that add value to our economy and have sustainable ideas. By strategically nurturing and empowering innovative ideas, our commitment to building a strong early-stage startup pipeline ensures a foundation of quality and potential, shaping the future of groundbreaking ventures and contributing to India’s economy”.

As part of this program, IPV experts will help startups fine-tune their business plans, suggest pivots if needed to make a commercially viable business idea ready to be funded. IPV will also leverage its own investors’ network, ecosystem partners and other VCs to help the startups get access to the required infrastructure and raise additional capital.

The startups will have access to bootcamps, and masterclasses on various subjects helmed by experts on matters related to different areas of businesses that founders should learn about. This program promises to offer a holistic experience and high degree of exposure on how to start building their business for the real world. The startups will be nurtured for growth with a strong backing from IPV, Firstport Capital and Physis Capital.

Source: Press Release

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7 Must-Have Cryptocurrencies for Savvy Investors

Navratri 2023: Unveiling The Importance Of Sharadiya Durga Puja

Uplers, India’s premier technology talent matchmaking firm, today announced the launch of it’s new ad film focussed on hiring the right tech talent. Conceived and produced by Granth creations, a leading Ahmedabad-based branding agency, the ad film captures the issues of recruitment processes through humour and concise story-telling.

The campaign, comprising an engaging short digital advertising film, narrates the hiring journey of Mark and Daniel, co-founders of a fast-scaling ad-tech startup. Even though the two entrepreneurs have successfully secured VC funding for the startup, their efforts to hire the right tech talent go in vain. They find the answer to the critical challenge when they finally get in touch with Uplers.

The campaign serves as a reflection of every founder and senior executive in the tech industry navigating the complexities of hiring while striving to meet expectations and deadlines of both investors and clients. Through real-life scenarios infused with humour and emotive storytelling, it also brings to life the benefits of remote work for international companies.

Commending Granth for the campaign, Dhaivat Mehta, Lead – Brand and Marketing at Uplers, said, “The short film is based on true stories as almost every single founder, in the tech industry or otherwise, has gone through the challenge of hiring top tech talent. It also emphasises on cultural fit, emotional intelligence and remote-readiness, which are as important as tech skills. Uplers excels in matchmaking and the campaign beautifully conveys the message. Kudos to Granth for the campaign.”

On the campaign launch, Kandarp Patel, Founder & Content-chief at Granth Creations, said, “Working with Uplers for the Ad film after successfully rolling out national campaign #MatchMakeHereInstead has been a truly rewarding experience. With stringent processes for screening, vetting, and matchmaking, Uplers ensures that only the best-fit candidates are shortlisted for recruiters and in quick time too. The campaign showcases this specialisation of Uplers. We are also delighted for the opportunity to highlight the remote teams are available for Indian tech talent with top global companies.”

From concept to scripting, storyboarding to casting, and production to final delivery, Granth took care of the entire campaign for Uplers. The digital and social media campaign strategically targeted platforms such as LinkedIn, Facebook, Instagram, and more, ensuring broad outreach to a diverse audience. Granth has established itself as an avant-garde creative branding agency and a future-minded powerhouse that elevates brands to their highest potential. The agency’s commitment to excellence is reflected in its diverse teams dedicated to various facets of brand building, spanning from content to design. With an array of services, including content creation, video production, experience design, digital marketing, development, language services, and PR services, Granth is well-positioned to help brands build a thriving community.

In a post-pandemic world, remote work has become the norm, especially for knowledge workers in technology and digital roles. Uplers recognises the growing demand for remote-friendly work culture and aims to bridge the gap by presenting India’s tech talent surplus as a valuable resource for global organisations through this innovative campaign.

Source: Press Release

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