Witnessing the increasing usage of smart feature phones among the larger audience, Kings Learning has been very keen to get the enguru App on the Jio Phone.
Move comes as angel investors expect govt to make dematerialising of unlisted shares mandatory.
A global survey across 12 countries reported that, human errors, apart from all the potential vulnerabilities, is playing a bigger role when it comes to business security breaches.
“PaySense intends to provide a quick and seamless solution to the young professionals who are in need of short-term loans to address emergency and unplanned expenses with maximum convenience,” said Sayali Karanjkar.
The fund size would be Rs 200 crore, with a green shoe option to raise it to Rs 300 crore, he said on the sidelines of TiEcon Ahmedabad.
The event will bring them on a common platform to discuss and debate critical topics in a refreshing and simple manner.
As per the company, the fund infusion will aid backward integration in Individual Quick Freezing, add capacity to freeze drying and diversify into air drying.
Founded in 2010 by the young trio Divir Tiwari, Peeyush Jain and Apurv Gupta, the venture has partnerships with the likes of Microsoft and Samsung, and has carved out a niche for its flagship product FieldAssist.
The tweak in its model also reflected in its last three quarters results as transactional revenue has boosted its Infibeam Web Service contribution by 66% to its total revenue.
Infibeam said it had another strong growth mainly due to its flagship product IWS, which grew by 252% YoY in Q3 FY18 and generated 45% EBITDA margin.
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