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News on Medial
Flathead Founder Launches Aurm To Provide Hi-Tech Locker Services To Affluent Indians
Inc42
·
1y ago
Medial
Ganesh Balakrishnan, founder of Flatheads shoe brand, has launched a new fintech venture called Aurm. The startup aims to enhance security and optimize customer experience for storing valuables in bank lockers. Aurm plans to partner with banks to offer safe deposit storage space to individuals in residential communities. It has already garnered interest from over 1,000 potential customers, including real estate developers. The startup has devised a cost-effective solution for setting up locker room facilities and plans to unveil pilot projects in the coming months. Aurm intends to raise funding by the end of March.
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MyGate’s founder Vijay Arisetty joins Aurm as co-founder and CEO
Entrackr
·
1y ago
Medial
Aurm, an asset protection firm providing safe-deposit locker services, announced that it has appointed Vijay Arisetty as its founder and chief executive officer (CEO). Arisetty is the founder of community management app MyGate. Arisetty brings in a wealth of experience in the armed forces and expertise in residential security. He played a pivotal role in setting up Aurm, a company that partners with banks and real estate developers to provide safe-deposit lockers to customers. Bengaluru-based Aurm offers unique safe solution, which focuses on easy availability and access, high-end security, privacy, and even an insurance up to Rs 25 lakh. “.. I realized that 90% urban affluent Indians don’t have access to a locker. In addition, the existing infrastructure needs an upgrade to keep up with evolving methods of theft and armed robbery,” said Arisetty. Aurm’s other three co-founders include Ganesh Balakrishnan, Suraj HS, and Pratap Chandana. Arisetty, who previously served as the chief executive at MyGate, had taken the role of chairman of the board in April this year. The Tiger Global-backed firm elevated co-founder Abhishek Kumar to the position of CEO. Besides MyGate, Arisetty also founded two startups: Pyngcabs and Kitchens Food.
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Dezerv completes Rs 46 Cr ESOP buyback
YourStory
·
5m ago
Medial
Wealth-tech startup Dezerv has completed a Rs 46 crore ESOP buyback programme, benefiting eligible employees. Although it provided liquidity opportunities, many employees chose to retain their stake. Co-founded in 2021 by former IIFL Wealth partners, Dezerv offers investment solutions to affluent Indians and recently surpassed Rs 10,000 crore in assets under management. The company employs 300 professionals, assisting high-net-worth individuals across five Indian cities with wealth management services.
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HCLTech launches global delivery centre in Patna
Economic Times
·
1y ago
Medial
IT services firm HCLTech has opened a global delivery center in Patna, focusing on delivering IT and engineering services to hi-tech and semiconductor companies. The center will feature specialized labs and centers of excellence to drive technology innovation and offer services to global clients. This marks HCLTech's first center in Bihar and aligns with its strategy of accessing quality talent through expansion to new locations in India. The center is expected to contribute to the development of the local technology ecosystem and create employment opportunities for local youth.
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CRED's Kunal Shah launches platform to track and manage finances
Inshorts
·
1y ago
Medial
Cred founder Kunal Shah has launched Cred Money, a unified dashboard for financial management. The app aggregates financial data, helping affluent users manage their finances more easily. Despite stagnating user growth at 13 million, Cred is refocusing on high-credit-score customers, launching a luxury rewards program, and expanding UPI payments.
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We'll do 'dukaandari' as we're not ashamed: Indian startup's founder on Goyal's remark
Inshorts
·
4m ago
Medial
Tech startup Gaonzy's Co-founder Karan Chawla reacted to Union Minister Piyush Goyal's remarks on startups, saying, "Dukaandari hi karni hai (We want to do shopkeeping only). Because this generation isn't ashamed of creating jobs." "China didn't build Huawei...by asking its youth to 'do better'. It built [it] through state funding," Chawla said, adding, "Not every revolution looks like AI chips."
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Wealthy Indians tap into bathroom luxury with $18,500 Alexa-powered toilets
VCCircle
·
7m ago
Medial
Wealthy Indians are splurging on luxury bathrooms, featuring $18,500 Alexa-powered toilets, to emulate futuristic, hygienic experiences seen abroad, particularly in Japan. Companies like Kohler, Toto, and Hansgrohe are capitalizing on this trend, expanding their presence in India with experience centers and strategic partnerships, targeting the increasing number of millionaires. Despite economic disparities, luxury home sales soared, underscoring a rising trend towards home pride and comfort among affluent households in India.
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Hi-tech Pipes' Rs 600-crore QIP to open next week; funds to be used for doubling capacity
Money Control
·
10m ago
Medial
- Hi-Tech Pipes plans to raise up to Rs 600 crore through a qualified institutional placement (QIP) to double its pipe manufacturing capacity. - The funds will be used to set up new plants and increase capacity from nearly a million tonnes to nearly 2 million metric tonnes per annum. - The QIP is expected to open in the coming week and has received a strong response during roadshows. - Hi-Tech Pipes is the third-largest pipe maker in India with marquee clients such as BHEL, SAIL, NTPC, and Adani Group. - The company aims to be debt-free by FY26 and has achieved record sales volumes in Q2FY25, driven by increased demand in infrastructure, water transportation, and solar energy sectors. - Shares of Hi-Tech Pipes have surged over 40 percent in the last three months, with one-year gains of over 125 percent.
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Contentstack co-founder launches Viral-Hub incubator to fuel local innovation
IndianStartupNews
·
1y ago
Medial
Tech entrepreneur Nishant Patel, Co-founder of Contentstack, has launched the Virar-Hub Incubator in Maharashtra to tap into the entrepreneurial potential of Virar. The incubator aims to provide mentorship, resources, and strategic partnerships to early-stage startups in the Vasai-Virar area to help them grow into successful businesses. Rajdip Gupta, Founder and CEO of Route Mobile Ltd., and Kshitij Thakur, a Member of the Legislative Assembly, are supporting this initiative to foster entrepreneurship in the region. The incubator also organized the Virar-Hub StartUp Quest Competition, inviting students to showcase innovative startup ideas.
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L&T bags large orders in India, overseas
Economic Times
·
7m ago
Medial
Larsen & Toubro (L&T) announced securing large orders, valued between Rs 2,500 crore to Rs 5,000 crore, in both domestic and international markets. This includes implementing an advanced distribution management system in West Bengal, establishing key substations in Saudi Arabia and Kuwait, and Extra-High Voltage substations in Dubai. L&T, a $27 billion Indian multinational, specializes in EPC projects, hi-tech manufacturing, and services, operating globally.
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Former Zomato top executive Gaurav Gupta launches healthtech startup Gabit
Economic Times
·
1y ago
Medial
Gaurav Gupta, co-founder of Zomato, has launched a healthtech platform called Gabit. The platform aims to provide patients with virtual consultations, medical records management, and a wide range of healthcare services. It also plans to leverage artificial intelligence and machine learning to facilitate personalized healthcare experiences. Gabit aims to bridge the gap between healthcare providers and patients, making healthcare more accessible and efficient.
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