MPL to be the next Unicorn;Amzon's Helix,TCS's Technocity,Microsoft Noida IDC;Khatabook and Cred losses;App Annie’s Level Up Top Publisher Awards;2021: The world's most admired companies;...continue

Week 4-5,2021

Hi , Shubham Shekhar here,

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#1

MPL to be India’s Next Unicorn

• Mobile Premier League has raised $95 million in a Series D round led by Composite Capital and Moore Strategic Ventures. 

• The four-year old gaming platform has now raised a total of $225.5 million .

• The gaming startup which claims to have over 60 million users in India and over 3.5 million users in Indonesia, is also building up its brand with its association with Indian cricket team.

• MPL sees competition from Dream11, My11Circle, Howzat, Halaplay, Fanfight, MyFab11, RummyCircle, Paytm First Games, and many more.

• The company said funds would be directed towards fuelling its expansion into markets including South Korea, Japan and the North American region, and strengthening product development with a focus on social functions such as live streaming, and audio and video content features.

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#2

Forbes India 30 Under 30, 2021

• Amandeep Panwar, Rishabh Choudhary
  Executive directors, CEO and CTO, BharatRohan Airborne Innovations

  • The duo use UAV/drone hyperspectral imaging technologies to identify crop threats for farmers

  • BharatRohan collects unique data from agricultural farms and converts them into actionable information and reports to enable industrial producers to reduce crop losses, optimize agri-inputs and maximize yield and profit margin using UAV based hyperspectral imaging.

• Harshit Gupta, Co-founder, Gramophone

  • This startup helps nearly 6 lakh farmers with advice and information to improve produce quality and quantity.

  • Gramophone is a farming platform which gives farmers access to access to a range of inputs and implements, including seeds, fertilisers, nutrients, pesticides, and farming equipment.

• Ishaan Preet Singh, Mikhil Raj ,Co-founders, FrontRow

  • The platform offers courses from famous celebrities like Amit Trivedi, Neha kakkar, Biswa Kalyan Rath, Bhuvneshwar kumar, Suresh Raina, Yuzvendra Chahal.

• Sidharth Oberoi, Founder & CEO, LetsShave

  • Oberoi is disrupting the grooming market and taking on MNCs with his direct-to-consumer startup

• Satanik Roy , Co-founder & chief product officer, hyperXchange

  • hyperXchange, a refurbished goods buying and selling platform uses AI to check and certify products

• Mukul Rustagi, Bhaswat Agarwal, Co-founders, Classplus

  • Classplus empowers educators to launch and scale their online coaching businesses

• Nitin Jayakrishnan, Founder & CEO, PandoCorp

  • Solving the logistics puzzle for big enterprises with technology

Check the complete list here

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#3

App Annie’s Level Up Top Publisher Awards

• Each year since 2012, App Annie recognizes the most innovative and successful companies on mobile from around the world. 

• The awards include best-in-class global and regional categories including Gaming, Streaming, Food & Drink, Finance, Shopping, Entertainment, Health & Fitness, and Photo & Video.

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#4

Amazon’s HQ as Spiraling Vertical Forest, the Helix; TCS technocity ; Microsoft India Development Center (IDC) inspired by TajMahal.

Amazon News @amazonnews

Amazon is excited to share the proposed design for the next phase of our Arlington headquarters. The Helix will be a spiraling vertical forest, connecting employees and the community with nature. 🌺🌳 Learn more: amzn.to/2YzrT6M

Read more here

• TCS to invest up to Rs 1,500 cr in Thiruvananthapuram Technocity.

• The State Cabinet on Wednesday cleared the proposal from Tata Consultancy Services (TCS) to set up an IT and digital hub on the Technocity campus in Pallipuram. The facility will be coming up in the 97-acre land taken on lease by the TCS on the Technocity campus.

  

  Artist impression of TCS’s IT hub in Technocity in Pallipuram.

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#5

Khatabook and Cred in lossses for FY20

Khatabook’s

• According to Khatabook’s filings analysed by Fintrackr, the company has lost Rs 126 crore in FY20.

• The company spent 74.2% of its total expenditure on advertising and promotions to reach its customer base during the fiscal ended in March 2020. These costs shot up 590X from barely Rs 14 lakhs in FY19  to around Rs 94.4 crore during FY20.

• Costs related to information technology (IT) and communications reached Rs 33.84 crore during FY20 from a little over Rs 14 lakh spent in FY19.

• Another Rs 1.92 crore was incurred on legal fees, pushing total expenditure to grow 85x from only Rs 1.5 crore in FY19 to Rs 127.21 crore spent during FY20.

  

Cred’s

• The company’s total income for the year was a little over INR 18 Cr, a 497% year-on-year (YoY) increase from FY19 when its total income stood at INR 3.03 Cr

• The company’s total expenses stood at INR 378.39 Cr, an increase of 492% from FY19 when it recorded expenses worth INR 63.90 Cr

• The company’s after-tax loss stood at INR 360.31 Cr, an increase of 492% from the FY19 loss of INR 60.86 Cr

• Bengaluru-headquartered fintech startup CRED posted operating revenue of just 52 lakh in the fiscal year ended March 31, 2020.

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#6

Accenture’s Acquisitions In 2021

• Future State, a woman-led, woman-owned change management consulting firm.

• 5Accenture acquired Businet System.

• Imaginea, a software engineering and professional services firm for AWS, Azure and GCP projects.

• Wolox, a cloud application software developer that partners with Amazon Web Services, Google Cloud Platform, IBM and others.

• Real Protect, an MSSP focused on Latin America.

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#7

2021: The world's most admired companies

Here are the top 10 most admired companies in the world, according to Fortune and Korn Ferry:

1) Apple

2) Amazon

3) Microsoft

4) Walt Disney

5) Starbucks

6) Berkshire Hathaway

7) Alphabet

8) JPMorgan Chase

9) Netflix

10) Costco Wholesale

Read more here

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Thread of the week-

10-K Diver @10kdiver

1/ Get a cup of coffee. In this thread, I'll help you understand the basics of Binomial Thinking. The future is always uncertain. There are many different ways it can unfold -- some more likely than others. Binomial thinking helps us embrace this view.

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Infographic of the week-

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Post/Link of the week -

balajis.com @balajis

India should support crypto as a pillar of its foreign & domestic policy. It defends national security by preventing deplatforming, deters fraud via on-chain accounting, and offers a decentralized alternative to a new Cold War. @nsitharaman @narendramodi

balajis.comWhy India Should Buy BitcoinPrime Minister Modi should launch a digital rupee – and back it with digital gold.

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