Archives May 2025

India | May 16, 2025: Inventurus Knowledge Solutions Limited (NSE: IKS), a technology enabled healthcare solutions provider highlights strong growth in Q4 FY25. Widely recognized as IKS Health, a care enablement platform assisting physician enterprises with concentrated focus in the US, announced its financial results for the quarter ended March 31, 2025.

“The results for the quarter reflect the strength of our business where we have delivered industry leading revenue growth owing to ramp up of new clients and continuous margin improvement as we continue to transform the business using technology and global human capital. Our Q4 FY25 EBITDA margins have crossed 31%, a significant improvement from the 24% proforma margin of FY2024,” said Sachin K. Gupta, Founder & CEO, IKS Health. “The last quarter saw five prominent client wins including three platform deals which gives us the confidence in our strategy of building the full breadth of our platform in a market that largely consists of point solutions companies.”

Nithya Balasubramanian, CFO, IKS Health said, “We have delivered a very healthy margin and strong revenue growth of 17% YoY and 10% QoQ despite some compression in revenue as we focus on the right set of customers and globalize the legacy AQuity workforce. Ongoing investments in technology and AI will remain central to our strategy for achieving excellence in outcomes and client satisfaction.”

Key Financial Highlights: FY 25 ended on March 31, 2025
● Revenue at ₹26,640 million (47% YoY)
● EBITDA at ₹7,911 million (50% YoY)
● PAT at ₹4,861 million (31% YoY)
● Adjusted PAT at ₹5,504 (39% YoY)

Business Highlights:
Our Q4 deal wins demonstrate strong momentum toward full platform engagements (3 out of 5 deals)  both in new initiatives and expansions of existing programs—reflecting growing client confidence in IKS Health’s ability to deliver on the vision of an integrated care enablement platform.

● Sky Lakes: Strategic partnership to deliver outstanding care and ensure financial sustainability across hospital and clinical settings
● Western Washington Medical Group: Expanded partnership to implement the IKS care enablement platform to enhance care delivery, improve financial outcomes and invest in growth
● GI Alliance: Strategic partnership to optimize clinical and financial processes through the IKS care enablement platform to deliver high quality care and accelerate growth
● Platinum Dermatology Partners: Expanded partnership to implement IKS Health care enablement platform
● OrthoNY: Expanded alliance to cover patient engagement hub and revenue cycle management to deploy AI-powered personalized digital strategies to deliver exceptional patient experience Industry Recognition & Awards
● IKS Health received 3 notable recognitions in Black Book Research 2025 Rankings:
○ Won Top honors in the newly launched AI-driven Revenue Cycle Management (RCM) category
○ Ranked #1 in Clinical Documentation for the 12th consecutive year
○ Ranked #1 in Medical Coding for the 3rd year in a row
● Ranked Best in KLAS for Medical Transcription Services for 2025
● Earned HITRUST r2 Certification demonstrating that IKS has met the demanding regulatory compliance and industry-defined requirements and is appropriately managing risk.

Safe Harbour
Certain statements in this release concerning our future growth prospects may be seen as forward-looking statements, which involve a number of risks and uncertainties that could cause the actuals to differ materially from such statements. It is not possible to undertake to update any such statement that may have been made from time to time.

Bengaluru, May 16, 2025: In a move set to redefine lifestyle shopping, Instamart—India’s pioneering quick commerce platform—has announced the onboarding of Home Centre, one of the country’s most trusted names in home and kitchen retail. With this collaboration, Instamart becomes the first quick commerce platform to offer Home Centre’s extensive and thoughtfully curated product range, delivered to doorsteps in under 10 minutes.

Starting this week, over 120 premium yet affordable products will be available for Instamart users across Bengaluru, Mumbai, New Delhi, and Gurgaon. The assortment includes daily kitchen essentials, elegant serveware and glassware, dining sets, smart home organizers, and stylish home décor items such as table lamps, clocks, and more.

With over 35,000+ products spanning groceries, electronics, and everyday essentials, Instamart now expands into more options in aspirational lifestyle offerings. The addition of Home Centre strengthens Instamart’s mission to meet evolving consumer needs by combining convenience with elevated living.

Sitaram Kumar, CEO, Home Centre India, said, “At Home Centre, we have always placed consumer needs at the core of our product offering. Our partnership with Instamart represents an important step forward in meeting the demands of today’s fast-moving consumers, delivering faster, smarter service to match their evolving lifestyles.”

Amitesh Jha, CEO, Instamart, “Instamart is committed to expanding the boundaries of quick commerce. This partnership with Home Centre is a step towards delivering not just essentials, but high-quality lifestyle products on demand—instantly enhancing the homes and lives of our users.”

Two years ago, Instamart began offering home and lifestyle essentials—such as pillows, blankets, and décor items. In fact, blankets emerged as one of the most searched items on the platform in 2023. Since then, the platform has significantly expanded its lifestyle range, now listing thousands of products. The addition of Home Centre marks a milestone in this journey, enhancing the platform’s appeal for urban consumers who increasingly prioritize instant, stylish, and convenient home upgrades.

Dengue fever has become a serious and growing health threat in India, especially between July and mid-November. Recent years have seen a sharp rise in cases across the country not just in traditional hotspots, but in newer regions as well, such as Nagaland and parts of Himachal Pradesh. Experts point to climate change as a major reason behind this spread.

According to the National Centre for Vector-Borne Disease Control (NCVBDC) under the Ministry of Health and Family Welfare (MoHFW), dengue cases in India have increased from 28,066 in 2010 to over 2.89 lakh in 2023. In 2025 (as of March), India has already reported more than 16,000 cases, indicating a worrying early trend for the year. This massive and continuing rise highlights the urgency of strengthening our public health systems and response.

Globally, dengue is spreading to new regions too. The World Health Organisation (WHO) estimates that due to global warming, as many as 4.7 billion people could be at risk of dengue by the end of the century.

Dengue is caused by a virus spread by Aedes mosquitoes. These mosquitoes thrive in warm, humid climates. As the climate changes, more parts of India are becoming suitable for their breeding. Higher temperatures speed up mosquito breeding cycles and help the dengue virus multiply faster inside their bodies. Rainfall, flooding, and even water storage during droughts create pools of stagnant water where mosquitoes breed, according to Dr Vikram Jeet Singh, Senior Consultant, Internal Medicine, Aakash Healthcare.

A study published in The Lancet states that climate-sensitive diseases like dengue are likely to rise significantly, especially in South Asia, if countries do not act urgently. northern Indian states like Jammu & Kashmir and Himachal Pradesh have started seeing regular outbreaks a sign that the traditional “dengue belt” is expanding.

Some media reports recently suggested that a dengue vaccine, Qdenga, has been approved in several countries and is expected to be launched in India next year. Reports claimed that Qdenga can protect people from all four strains of the dengue virus. 

Experts say India must take urgent steps to manage dengue both in the short and long term. In the short term, to combat the rising threat of dengue, a multi-pronged strategy is essential. One of the most effective short-term measures is the use of mosquito nets, window screens, and covers for water storage containers. When used consistently, these have been shown to significantly reduce mosquito bites and dengue transmission, said Dr Sunil Rana, Associate Director and Head of unit III internal Medicine, Asian Hospital. Additionally, biocontrol methods, like introducing mosquito-eating fish into ponds and tanks, have been successfully used in states like Andhra Pradesh to reduce mosquito populations without relying on chemical insecticides, said Dr Sunil Rana.

Stronger partnerships between government and private sector players can amplify the impact of control measures. Businesses can support community clean-up campaigns, fund public awareness drives, or help distribute low-cost mosquito control products, said Dr Vineet Rao, Consultant – General Medicine, Jupiter Hospital, Baner, Pune. In remote and underserved areas with limited health infrastructure, mobile health clinics and ASHA workers can play a critical role in delivering services such as dengue testing and educating communities on prevention methods, Dr Vineet. At the broader policy level, disaster response plans, especially in flood-prone states like Assam and Bihar, should integrate mosquito control as a key priority.

According to Dr. Aakaar Kapoor, CEO and Lead Medical Advisor at City XRay and Scan Clinic, India should adopt Integrated Vector Management (IVM) a coordinated approach that involves multiple sectors such as health, agriculture, urban planning, and the environment. While India’s National Vector-Borne Disease Control Programme (NVBDCP) includes elements of IVM, more coordination and on-ground training are needed to make it fully effective.

However, according to Dr. Praveen Gupta, Principal Director & Chief of Neurology, Fortis Hospital, emphasizes that dengue’s nationwide spread, amplified by climate change, brings not just fever but serious neurological risks like encephalitis, seizures, and Guillain-Barré syndrome. As cases surge year-round, early diagnosis and awareness are crucial. Beyond vector control and vaccines, safeguarding brain health demands urgent, coordinated, and informed public health action.

Public health efforts must be supported by individuals, local communities, and government agencies alike. As India adapts to a changing climate, fighting dengue must become a top priority, not just for health, but for national development, Dr Vikram.

Bengaluru, India, May 16, 2025 – Visionet, a leading IT services firm specializing in digital experiences, enterprise modernization, Data & AI applications, and managed IT services, has announced its elevation to Salesforce Crest Partner status. This recognition highlights Visionet’s continued commitment to delivering cutting-edge Salesforce solutions tailored to its clients’ evolving business needs. 

A testament to excellence 

Salesforce evaluates its consulting partners based on an aggregate score measuring contributions against Salesforce’s established targets. These criteria include revenue growth, specialization of Salesforce resources and certifications, project delivery success, and Customer Satisfaction (CSAT) scores.  

Acknowledging the achievement, Faraz Shah Khan, Head of Salesforce at Visionet said, “Our elevation to Salesforce Crest Partner is a testament to team’s dedication, expertise, and focus on driving real business outcomes for our clients. We look forward to continuing our journey of innovation and excellence in the Salesforce ecosystem.” 

Visionet’s elevation to Crest Partner status underscores its ability to consistently deliver high-quality Salesforce implementations that drive tangible business value for its clients.  

Driving business transformation with Salesforce expertise 

Visionet has a proven track record of implementing customized multi-cloud Salesforce solutions for a diverse range of clients. Its comprehensive service portfolio includes strategy development, implementation & integration, training & enablement, ongoing support & optimization. 

The company specializes in multiple Salesforce offerings, including Salesforce Agentforce, Sales, CPQ, Service, Field Service, Marketing, Commerce (B2B/B2C), Data Cloud, Experience and Industries Cloud. 

Significance of the Crest Partner elevation 

Achieving Crest Partner status is not just a milestone but a strategic advantage for Visionet and its clients. This elevation reinforces Visionet’s ability to access exclusive Salesforce resources, enhanced training, and advanced tools that empower its consultants to deliver even more innovative solutions.  

Mumbai, May 16, 2025: Building on the momentum of its past editions, the Trans Employment Mela is back for its third edition on June 18, 2025, in New Delhi. Organised by the TWEET Foundation and InHarmony, in collaboration with the Ministry of Social Justice and Empowerment (MoSJE), the event continues to push forward a national dialogue on inclusive employment and economic justice for transgender and non-binary individuals.

In 2024, the Mela drew 227 participants and facilitated over 77 placements across more than 20 companies, nearly doubling the placement numbers from its 2023 debut. This year, the organisers are setting a bold target of 100 placements, backed by strategic industry engagement and a growing movement to create inclusive workplaces.

More than a job fair, the Trans Employment Mela is a rallying point for change—bringing together public and private sector employers, sensitisation experts, and community leaders to break down barriers and build pathways for sustainable livelihoods.

Abhina Aher, Founder, TWEET Foundation, emphasized, “The Mela is not just about getting a job—it’s about claiming a rightful place in the economic fabric of our country. For too long, transgender persons have been excluded from formal employment, forced into the margins despite their skills, potential, and resilience. The Trans Employment Mela is a statement that we will no longer be sidelined. We need many more such platforms that offer not only visibility but dignity, access, and equity.”

Anupama Easwaran, Founder, InHarmony, said, “Workplace inclusion begins with opening doors—and that’s exactly what the Trans Employment Mela does. It bridges the gap between talent that’s often overlooked and opportunities that can be transformative. This isn’t just about ticking a diversity box—it’s about building cultures where everyone is valued, where bias is actively dismantled, and where transgender and non-binary individuals can thrive as their authentic selves. We look forward to deeper and more meaningful engagement from industry leaders this year.”

Maya Awasthy, Co-Founder, TWEET Foundation, shared, “Every edition of the Mela is a powerful reminder that inclusion is not just an aspiration—it’s an actionable goal. From 58 placements in 2023 to 77 last year, we’ve seen firsthand how access to dignified employment transforms lives. Our goal for 2025 is ambitious but necessary: 100 placements, 100 individuals finding not just jobs, but a renewed sense of purpose, independence, and belonging. We urge companies to step forward—not just to hire, but to learn, unlearn, and lead by example in building a truly equitable workforce.”

The announcement of the 3rd edition of the Trans Employment Mela was made during the annual celebrations of the TWEET Foundation, where over 300 representatives from the transgender community were present, including celebrities, allies, and dignitaries. The vibrant gathering served as a powerful reminder of the strength, unity, and resilience of the community, while also reinforcing the importance of inclusive platforms like the Mela in driving real social change.

This year’s edition will feature job interviews, networking sessions, corporate sensitisation workshops, panel discussions, and performances by community artists. It will also be a platform for unveiling new partnerships, tools, and frameworks that support trans-led advocacy and promote inclusive hiring across sectors.

The Mela also celebrates the growing presence of transgender entrepreneurs who are breaking barriers and building businesses across industries. Their success stories not only redefine representation but also serve as powerful testimonies to the resilience, creativity, and leadership within the transgender community.

Publicis Sapient returns as the Platinum Sponsor for this year, while P&G and Hexaware join as Gold Sponsors for this edition.

New Delhi, May 16, 2025: A delegation of eight dynamic startups from Meghalaya who are currently at Vienna are making the state proud through their participation in the Vienna UP 2025, being held from May 8th to May 16th, 2025, touted to be one of the most diverse and forward-thinking startup festivals in Europe. This goes on to prove the rising startup ecosystem of Meghalaya and how the government and PRIME Meghalaya have nurtured the entrepreneurial talent across the region.

The entrepreneurs who are representing various sectors have joined more than 90 startups, including investors, and innovators for a weeklong iconic event celebrating bold ideas and scalable impact. Vienna UP 2025 is being organised by Vienna Business Agency, hosted by 45 programme partners exposing the participants to the startup ecosystem of Vienna, providing them with the opportunity to connect with entrepreneurs and investors from different parts of the world.

On May 8th, ahead of their journey, Shri Conrad K Sangma, Hon’ble Chief Minister also met and interacted with the entrepreneurs and extended his best wishes while also commending their contribution to elevating the entrepreneurial ecosystem of the state in a global platform. He commended the participants who are currently at Vienna saying, “It fills me with great pride that the ideas and innovations born from our hills are being showcased at a global stage. The fact that they could even reach such an international event speaks volumes regarding the diverse entrepreneurial spirit of Meghalaya and its cultural richness. This is not only a personal achievement for them, but a celebration for the entire state. The world is getting a view into the new, vibrant Meghalaya – one that is bold, creative and ready to lead.”

PRIME Meghalaya has been having an impactful role to play in the entrepreneurial journey of these entrepreneurs whom they have been handholding through incubation, mentoring and funding. Their innovations representing Meghalaya’s rich heritage and indigenous products have already caught the attention from European stakeholders who are interested in ethically handmade, culturally relevant products. Some products including Eri silk textiles, handcrafted goods, as well as traditional beverages have gone down well with the stakeholders, participants and investors alike. These products are the kind that are being sought after as environmentally friendly and sustainable alternatives, one where the entrepreneurs of Meghalaya are showing immense promise.

The eight entrepreneurs from Meghalaya are not only presenting their businesses but are also ambassadors of the creative development and entrepreneurial spirit of the state. The participation of these startups in the Vienna UP 2025, will provide them with valuable global insights, broaden their perspectives, open avenues for cross-country collaborations and accelerate their growth potential as well as exposure to global markets and meaningful impact on their ventures in Meghalaya. It is also an opportunity to build relationships and learn from some of the innovative minds in the startup world, as well as an inspiration to empowering more youth from the state to dream big and contribute to the growth and sustainability of Meghalaya’s economy.

16^th May 2025, Mumbai: Unicommerce, one of India’s leading e-commerce enablement SaaS platforms, processed 2 Crores+  quick commerce order items via its flagship platform Uniware in FY25.

The orders were processed via Unicommerce’s integration with various leading Q-commerce platforms. This integration enables brands using Uniware to process bulk orders from their warehouses to the mother stores of quick commerce platforms.

The integration of Uniware with both brands and various quick-commerce platforms enables the brands to align orders in real time, optimise stock allocations and process these orders efficiently from their warehouse. Uniware’s single-window system allows brands to allocate shipments to pre-integrated B2B courier partners, in the process also ensuring simplified compliances like GST e-invoicing and e-way bill generation.

The categories benefiting from this integration include personal care and hygiene products, nutraceuticals and supplements, toys and baby products, snacks and healthy foods, fashion and travel accessories, apparel as well as home decor items.

Quick commerce has become an essential aspect of India’s retail ecosystem, with customers cherishing the convenience of a 10-20-minute doorstep delivery. Expected to show an annual growth rate (CAGR 2025-2029) of 16.60%, the quick commerce market in India is projected to reach a market volume of US$9.95 bn by 2029. ⁽¹⁾

Commenting on the growing scale of quick commerce orders, Kapil Makhija, MD & CEO of Unicommerce, said, “Quick commerce has brought products closer to consumption points, heightening customer expectations and driving retail growth. As brands continue to invest in intelligent and agile supply chains to meet this demand, Unicommerce is proud to be a key part of this dynamic technology ecosystem.

 Unicommerce’s Uniware, which includes a multichannel order management, warehouse management and omnichannel retail management system which enables brands to fulfil orders received across different channels, including their brand websites, online marketplaces, offline stores, and quick commerce platforms. This is enabled through a centralised dashboard, which pulls live data from multiple integrations to present a real-time status of inventory availability across the entire supply chain.

Virtual Reality (VR) is no longer a futuristic concept in architecture — it’s actively reshaping how commercial workspaces are designed, visualized, and executed. As noted by Carleton University, VR allows clients to step into immersive environments of their yet-to-be-built spaces, fundamentally changing the relationship between designers, clients, and the built environment. This evolution goes beyond esthetics; it’s about enhancing decision-making, minimizing budget and timeline deviations, and creating more collaborative and transparent design journeys.

Today, several startups are leveraging VR technologies to bridge the gap between imagination and execution in the workspace sector. These platforms offer immersive walkthroughs, real-time design updates, and cloud-based collaboration tools that let businesses visualize and customize every element of their future office — from layouts to lighting — before construction even begins. The result is a significant reduction in guesswork and rework, improved cost efficiency, and faster project delivery.

In this piece, we highlight four innovative startups using VR to redefine the commercial design experience. These companies are not just offering visualization — they’re delivering a new way to build trust, reduce friction, and empower businesses to make smarter decisions about their workspace investments.

Flipspaces

FlipSpaces delivers end-to-end design and build solutions for commercial spaces globally. With in-house proprietary technology, it offers VR-supported video walkthroughs—an industry first—enabling clients to visualize spaces upfront and reduce budget or timeline variances. A dedicated client dashboard provides real-time access to layouts, 3D renders, and project updates. With over 750 projects delivered across 8 million sq. ft. in the last decade, FlipSpaces stands out through its tech-enabled execution, in-house manufacturing, and a vast vendor network. Its integrated approach ensures high quality, faster delivery, and cost efficiency—setting a new benchmark in commercial interior design and execution.

Trezi

Provider of SaaS-based VR-based visualization solutions. Its platform provides users with features that include immersive design presentations, real-time design communication, collaborative design reviews, and VR-enabled coordination meetings.

SmartvizX

Provider of VR-based solutions for multiple businesses. It facilitates creating an interactive virtual environment to stimulate potential users into experiencing arenas and spaces that haven’t even been physically built like buildings, office desks.

PropVR

Provider of a cloud-driven virtual tour software for real estate professionals. It enables users to build VR tours using drag-and-drop tools and allows clients to visit multiple projects remotely. The company also provides 360 photography services, 3D floor plans, and virtual tour development services.

Bengaluru, India – May 16, 2025 – Asia’s leading jobs platform, foundit (formerly Monster APAC & ME), today announced the appointment of Binita Agarwal as Chief Financial Officer (CFO). In her new role, Binita will lead the Finance & Accounts function across all regions, playing a pivotal role in shaping foundit’s long-term financial vision and supporting its growth strategy.

Binita Agarwal as Chief Financial Officer (CFO), foundit

A Chartered Accountant with over 15 years of experience, Binita brings deep expertise across finance, compliance, investor relations, and business strategy. Known for driving financial efficiency and cost optimisation, she has led finance functions at AppsForBharat (SriMandir), Headout, and HungerBox, and held early career roles at Goldman Sachs and EY.

“We are pleased to welcome Binita to the foundit leadership team,” said V Suresh, Chief Executive Officer, foundit. “She brings deep expertise across both startup and enterprise finance, along with valuable cross-regional experience. Her insights will be key to strengthening our financial systems and building long-term value. Her leadership comes at a time of strong momentum at foundit and will help ensure our financial strategy stays tightly aligned with business growth.”

In her most recent role, Binita was instrumental in building robust financial systems, leading fundraising efforts, and supporting high-growth expansion. Her experience spans key markets across the US, Europe, Middle East, and Asia, bringing a global lens to risk management and cross-border operations.

“Joining foundit at this time offers a unique opportunity to contribute to its continued momentum,” said Binita Agarwal, Chief Financial Officer, foundit. “I look forward to working closely with the leadership team to drive disciplined growth, enhance financial agility, and create new opportunities for operational excellence.”

Binita holds a Bachelor of Commerce from Shri Shikshayatan College and is a Chartered Accountant.

Chandigarh, May 16, 2025: Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the opening of Ginger Dehradun. This new addition to the Ginger portfolio brings the brand’s signature lean luxe philosophy to the capital of Uttarakhand.

Ms. Deepika Rao, Executive Vice President – Hotel Openings & New Businesses, IHCL, said, “Ginger Dehradun reflects our focused approach to accelerating growth for the brand in high-potential markets. The mid-scale segment continues to see strong demand driven by rising domestic travel. Dehradun, with its mix of leisure, commercial activity as a state capital and presence of multiple educational institutions offers itself as a good market for diverse hospitality brands like Ginger.”

Strategically located near major tourist attractions and commercial hubs, Ginger Dehradun offers 72 rooms designed for comfort. Guests can enjoy all-day dining at Qmin, a smart meeting room, the fully equipped fitness centre, and the vibrant community spaces.

Nestled in the heart of the Doon Valley, Dehradun, serves as a gateway to several popular tourist destinations in Uttarakhand, including Mussoorie, Rishikesh, and Haridwar. Known for its prestigious educational institutions and numerous attractions including Robber’s Cave and Sahastradhara, Dehradun is one of India’s most popular hill cities.