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.
#2
Forbes India 30 Under 30, 2021
Amandeep Panwar, Rishabh Choudhary
Executive directors, CEO and CTO, BharatRohan Airborne InnovationsThe 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
#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.
#4
Amazon’s HQ as Spiraling Vertical Forest, the Helix; TCS technocity ; Microsoft India Development Center (IDC) inspired by TajMahal.


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.
#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.
#6
Accenture’s Acquisitions In 2021
Future State, a woman-led, woman-owned change management consulting firm.
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.
#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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