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News on Medial
30% of GenZ begin investing in university, early adulthood: WEF
Business Today
·
4m ago
Medial
The World Economic Forum's Global Retail Investor Outlook 2024 reveals that 30% of Gen Z begin investing during university or early adulthood, a significant increase compared to previous generations. The report, covering 13 economies, also highlights that 41% of Gen Z and Millennials are open to using AI for investment management. Additionally, 86% of Gen Z gain investing knowledge by workforce entry. The focus for 2024 is on emergency savings and understanding investment options.
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IAN-backed University Living acquires majority stake in UK firm
VCCircle
·
1y ago
Medial
Indian-based student accommodation platform University Living has acquired a majority stake in UK firm StudentTenant. The financial details of the transaction were not disclosed, but the acquisition is expected to strengthen University Living's presence in the UK's private student housing market and enhance its services worldwide. University Living currently offers two million beds across multiple countries and claims to have assisted two million students to date. The acquisition will add over 10,000 beds, 500,000 students and 1,000 landlords and letting agents to University Living's portfolio. The company aims to secure 30% of the market share by 2030.
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Boeing India invites applications from students, startups for its innovation program
IndianStartupNews
·
1y ago
Medial
Boeing is launching the third edition of its Boeing University Innovation Leadership Development (BUILD) program in India, inviting university students and early-stage startups to participate. The program aims to support early-stage entrepreneurs in incubating innovative ideas across various industries. Boeing has partnered with seven incubators in India to organize BUILD. Selected teams will compete in a regional boot camp, with the top seven ideas receiving a cash prize of Rs 10 lakh each. Boeing mentors and industry professionals will help the finalists develop their ideas into viable business proposals.
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Hyundai hoping to regain market share in India as auto major’s $3 billion IPO looms, lines up SUV launches & more | Mint
Livemint
·
11m ago
Medial
Hyundai Motor plans to launch a series of new SUVs in India as part of its strategy to regain market share from domestic rivals. The automaker, which is gearing up for a $3 billion public listing in the country, will begin with the launch of its first India-made electric vehicle early next year, followed by two gasoline-powered models. Hyundai's market share in India has declined to 14.6% from 17.5% four years ago, as competition from domestic manufacturers such as Tata Motors and Mahindra & Mahindra has increased. Hyundai aims to boost global sales by 30% by 2030.
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Pravis acquires stake in adtech gaming platform StreamO
Entrackr
·
1y ago
Medial
Growth marketing firm Pravis, founded by former co-founders of Momspresso, has acquired a significant stake in adtech gaming platform StreamO. This venture is set to explore the substantial business potential of the rapidly growing gaming sector, particularly in the GenZ demographic. The new partnership with Pravis promises to strengthen StreamO’s leadership in connecting brands with the engaged GenZ gaming community. Founded by Tushaar Garg and Ankit Bhatia in 2021, StreamO connects brands with gamers and their live watchers, reaching a vast network of over 20,000 gamers and a GenZ subscriber base exceeding 300 million. Vishal Gupta and Prashant Sinha, co-founders of Pravis, plan to use their expertise from developing internet goods and influencer relationships to move the gaming industry forward after their exit from Momspresso to Honasa (MamaEarth). StreamO claims to have established successful collaborations with top brands including Netflix, Amazon Prime Video, Intel, Sony PlayStation, OnePlus, Hero, Crocs, Taco Bell and Spotify, having more than 100 significant brand engagements.
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Tata Electronics appoints KC Ang as president and head of Tata Semiconductor Manufacturing
Economic Times
·
4m ago
Medial
Tata Electronics has appointed KC Ang as President and Head of Tata Semiconductor Manufacturing. With over 30 years of experience in the foundry industry, Ang will spearhead the company's foundry operations, reporting to CEO Randhir Thakur. Previously with Global Foundries, Ang is expected to drive Tata Electronics' growth in the semiconductor sector. Ang, who holds degrees in engineering from National Taiwan University and the University of Texas, brings extensive global experience to his new role.
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Former Momspresso Founders’ Startup Pravis Picks Up Stake In StreamO
Inc42
·
1y ago
Medial
Growth marketing firm Pravis has acquired an undisclosed stake in adtech gaming platform StreamO. StreamO connects brands with gamers and their live viewers and already has over 20,000 gamers on its platform, with a GenZ subscriber base of over 300 million. Pravis aims to target India's growing gaming market, particularly the GenZ demographic. The Indian gaming ecosystem is experiencing significant growth, with 6 out of 10 smartphone users in India being gamers, and more are willing to pay for gaming entertainment. The Indian gaming market is projected to reach a valuation of $7.5 billion by 2025.
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Riceberg Ventures marks first close of $20 mn fund
VCCircle
·
6m ago
Medial
Riceberg Ventures, a Swiss venture capital firm, has achieved the first close of its $20 million fund aimed at investing in early-stage startups focusing on technologies like AI and space tech. While the amount raised in the first close remains undisclosed, Riceberg plans to support 25-30 startups globally with an average investment of $500,000 each. The fund is backed by various investors and targets startups, primarily led by Indian founders, in regions including Europe, the US, and India.
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‘You must start an SIP…’ Radhika Gupta's advice to Shark Tank India staff
Livemint
·
1y ago
Medial
Radhika Gupta, CEO of Edelweiss Asset Management, is encouraging staff associated with her on Shark Tank India to start investing in mutual funds and systematic investment plans (SIPs). In a video, Gupta is seen advising and motivating her staff to begin investing, emphasizing the power of mutual funds. She urges them to start SIPs and promises to guide them if needed. The response to Gupta's post has been mostly positive, with users appreciating her initiative and emphasizing the need for trustworthy financial advisors in the industry.
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Who is billionaire Ram Shriram, one of Google's first investors?
Hindustan Times
·
1y ago
Medial
Kavitark Ram Shriram is an Indian-origin businessman and philanthropist who was an early Google backer. He studied maths at University of Madras and joined Netscape after moving to US in 1994 and later became VP at Amazon. In 2000, he quit Amazon to start Sherpalo Ventures to back early stage startups. Shriram remains on the board of Google's parent Alphabet.
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India's quick commerce has room for 7-8 players: Blinkit CEO
Inshorts
·
6m ago
Medial
Albinder Dhindsa, the CEO of Zomato-owned Blinkit, said India's quick commerce space has room for seven to eight players in the short term. More specialised and sector-focused players will likely emerge over time, he told CNBC-TV18 at WEF 2025. He further stated that Blinkit won't engage in price wars as they are unsustainable.
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