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News on Medial
Convergent’s Harsha Raghavan on aviation graveyard and what Fly91 is doing different
VCCircle
·
1y ago
Medial
Fly91, India's newest airline, recently launched its first flight from Goa to Lakshadweep. Led by CEO Manoj Chacko and backed by Convergent Finance, the airline aims to stand out in the crowded aviation industry. Chacko, with experience in companies like Kingfisher Airlines and Emirates, brings a fresh perspective to the industry. Supported by Convergent Finance, Fly91 hopes to carve a niche for itself and provide a unique flying experience for passengers.
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Related News
Harsha Raghavan-led PE firm Convergent scores another multi-bagger
VCCircle
·
1y ago
Medial
Convergent Finance, a private equity firm led by Harsha Raghavan, has achieved another successful exit from its portfolio, marking its third such move this year. The firm, which was founded by former Fairfax India executive Harsha Raghavan, has previously sold two other companies, one with high returns and another at a lower value. This recent exit showcases Convergent Finance's ability to deliver substantial returns on its investments.
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The curious case of Convergent PE’s competing bids with different partners for same asset
VCCircle
·
1y ago
Medial
Convergent Finance, led by former Fairfax India executive Harsha Raghavan, is making its first international investment by placing two separate bids with different partners. The private equity-style firm often collaborates with investment groups or special purpose vehicles. The scenario of competing bids for the same asset highlights the firm's strategic approach to securing deals and finding the most favorable investment opportunities.
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Convergent Finance onboards ex-Wabi exec to bolster food & beverage portfolio
VCCircle
·
1y ago
Medial
Convergent Finance, a private equity firm in India, has hired a former executive from Wabi Capital to strengthen its food and beverage portfolio. Led by industry veteran Harsha Raghavan, the firm has invested in companies like Hindustan Foods and Agilitas.
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How did Convergent Finance fare in its third exit move this year?
VCCircle
·
1y ago
Medial
Convergent Finance, led by former Fairfax India executive Harsha Raghavan, has made its third exit move this year, following successful capital harvests from three companies last year. The firm, which is looking for investment opportunities outside of India, recently placed two competitive bids with another company and is expanding its asset portfolio.
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Harsha Raghavan’s Convergent Finance makes first liquidity move of 2024
VCCircle
·
1y ago
Medial
Convergent Finance, led by Harsha Raghavan, has recently made its first monetization move of 2024. The private equity-style firm harvested capital from three companies last year and has sold one of its investments to generate liquidity. Convergent Finance has invested over $200 million in twelve companies over the past six years.
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Convergent Finance bets more on consumer sector portfolio firm
VCCircle
·
2m ago
Medial
Convergent Finance LLP, led by Harsha Raghavan, has increased its stake in a consumer sector portfolio firm that it initially backed four-and-a-half years ago. The private equity-style investment firm, based in Mumbai, has been active with several investment moves in 2024, including a couple of exits. The firm's strategy seems focused on bolstering its investment in consumer sector enterprises, reflecting its confidence in this segment's potential for growth and profitability.
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LLM chatbots, search engines will co-exist, says Google's Raghavan
Livemint
·
11m ago
Medial
Large language model (LLM)-powered chatbots, like Google's ChatGPT, have gained millions of users and are being integrated into search engines. Prabhakar Raghavan, the head of Google Search, believes that LLM-based chatbots and traditional search engines will coexist, offering different benefits to users. Raghavan envisions a future of search that is more dynamic and interactive, providing synthesized experiences rather than just lists of links or direct answers. He also emphasized the importance of balancing accuracy and engaging responses and highlighted the potential of AI-driven ad personalization to enhance Google's advertising revenue.
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Freshworks appoints Srinivasan Raghavan as chief product officer to drive AI-driven innovation
Economic Times
·
8m ago
Medial
Freshworks, a leading SaaS company, has appointed Srinivasan Raghavan as its new Chief Product Officer (CPO). With extensive experience in the enterprise SaaS industry, Raghavan will be responsible for the product strategy and vision of Freshworks' AI-driven service software. Reporting directly to CEO Dennis Woodside, Raghavan will focus on employee experience, artificial intelligence, and customer experience. Previously, Raghavan served as CPO at RingCentral, launching cloud-based solutions for contact centers, marketing, and sales intelligence. Freshworks, founded in 2010, provides CRM software primarily targeting small and medium businesses, serving more than 68,000 customers globally.
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The moon is about to become a graveyard
Gizmodo
·
1y ago
Medial
Astrobotic's Peregrine lunar lander is set to launch from Cape Canaveral, carrying various payloads to the Moon including cremated remains and DNA samples of over 200 individuals as part of a memorial service. Two companies, Celestis and Elysium Space, are conducting space memorial missions on board the lander, with DNA from notable figures such as Arthur C. Clarke and Gene Roddenberry included. The lunar burial service starts at $11,950 and $12,500 respectively. Concerns have been raised by the President of Navajo Nation regarding the sacredness of the Moon and the placement of human remains on it.
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Budget 2024: Aviation industry seeks policies to ease business, wants tax sops | Mint
Livemint
·
1y ago
Medial
Private airport operators in India have urged the government to reduce the tax burden on the civil aviation industry and implement policies to facilitate ease of doing business. The Association of Private Airport Operators has requested specific clarifications on taxes charged by airlines on user development fees. They have also called for an increase in the duty-free allowance for purchases from duty-free shops and the inclusion of aviation turbine fuel (ATF) under the goods and services tax. In addition, industry players are hoping for policies to boost the domestic supply chain, incentives for aircraft manufacturing, and support for the emerging drone industry.
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