Category business

[Shenzhen, China, April 04, 2023] Huawei released its 2022 Annual Report today. The company reports steady operations throughout 2022, having generated CNY642.3 billion in revenue and CNY35.6 billion in net profits. Huawei continues to strengthen its investment in R&D, with an annual expenditure of CNY161.5 billion in 2022, representing 25.1% of the company’s annual revenue and bringing its total R&D expenditure over the past 10 years to more than CNY977.3 billion.

“In 2022, a challenging external environment and non-market factors continued to take a toll on Huawei’s operations”, said Eric Xu, Huawei’s Rotating Chairman, at the company’s annual report press conference. “In the midst of this storm, we kept racing ahead, doing everything in our power to maintain business continuity and serve our customers. We also went to great lengths to grow the harvest – generating a steady stream of revenue to sustain our survival and lay the groundwork for future development.”

Also present at the event was Sabrina Meng, Huawei’s CFO. She noted, “Despite substantial pressure in 2022, our overall business results were in line with forecast. At the end of 2022, our liability ratio was 58.9% and our net cash
balance was CNY176.3 billion. In addition, our balance of total assets reached one trillion yuan, largely composed of current assets such as cash, short-term investments, and operating assets. Our financial position remains solid, with
strong resilience and flexibility. In 2022, our total R&D spend was CNY161.5 billion, representing 25.1% of our total revenue – among the highest in Huawei’s history. In times of pressure, we press on – with confidence.”

Eric Xu speaking at the press conference Sabrina Meng speaking at the press conference In 2022, revenue from Huawei’s carrier, enterprise, and consumer businesses was CNY284 billion, CNY133.2 billion, and CNY214.5 billion, respectively.

Huawei is a strong proponent of growing together with its ecosystem partners and believes that openness and collaboration lead to shared success. The company has continued to open up its platform capabilities across its HarmonyOS, Kunpeng, Ascend, and cloud portfolio, focusing on improving developer experience as well as enabling and supporting its ecosystem partners on all fronts. Huawei currently works with more than nine million developers
and over 40,000 ecosystem partners to fuel ecosystem-based innovation and create greater value for its customers.

“2023 will be crucial to Huawei’s sustainable survival and development,” Xu noted. “Plum blossoms tend to grow sweeter from a harsh winter’s freeze.

Today, Huawei is like a plum blossom. While it’s true that we have considerable pressure ahead of us, we have what it takes to come out the other end – with opportunities to grow, a resilient business portfolio, a unique competitive edge, the enduring trust of our customers and partners, and the courage to invest heavily in R&D. We are confident in our ability to rise above any challenge that comes our way, laying a solid foundation for sustainable survival and
development.”

All financial statements in the 2022 Annual Report were independently audited by KPMG, an international Big Four accounting firm. To download 2022 Annual Report, please visit https://www.huawei.com/en/annual-report/2022
Note: The 2022 closing exchange rate is US$1.00 = CNY6.9533

India, 04 April 2023: Hungama Digital Media, India’s leading digital entertainment company, unveils the honourees of its initiative, Hungama Game Changers – 2023. The 50 professionals bestowed with the recognition as Game Changers hail from the industries of music, video, and gaming. By recognizing and celebrating the remarkable achievements of these change-makers, Game Changers also serves as a powerful platform to showcase them as role models for aspiring young women. Through this initiative, Hungama Digital aims to remain committed to igniting a chain of inspiration for the next generation of women to challenge the status quo and pursue their dreams without limitations.

The achievers for 2023 were chosen by a multi-faceted advisory panel through several rounds of selection. The panel included Megha Tata – Managing Director, Discovery Communications India, Kanan Rai – Ex Business Head, Google Play, Ashvini Yardi – Hindi Film Producer, Merlin D’souza – Music Director, Nirmika Singh – Poet, Journalist and Music curator, Arranger, Composer, Raunaq Roy – Vice President, Hungama Digital Media, Preeta Sukhtankar – Founder, The Label Life, Soumini Sridhara Paul – Senior Vice President, Hungama Digital Media and Poornima Seetharaman – Director of Design, Zynga.

Speaking on the winners Neeraj Roy, Founder & MD, Hungama Digital Media said, “As we celebrate the achievement of these 50 exceptional women who have shattered the glass ceilings and inspired a generation, let’s remember that progress for women means progress for all of us. Their incredible achievement in the entertainment industry, from music to gaming, are paving the way for future generations of women to follow in their footsteps. With their creativity, passion, and drive, they are proving that there are no limits to what women can accomplish. To all the 50 extraordinary women, congratulations on your well-deserved recognition and I wish you continued success and more power!”

Megha Tata said, “It was an absolute pleasure to be part of the jury for Hungama Women Game Changers 2023 and witness the exceptional achievements of these remarkable women. Their relentless pursuit of success is truly inspiring and serves as a shining example of the tremendous potential that women possess. As we celebrate their accomplishments, let us also recognize the obstacles they have overcome and the barriers they continue to break. Together, let’s continue to empower and support women in their pursuit of excellence.”

Adding on, Poornima Seetharaman shared, “By recognizing and honouring women for their excellence, we are creating a culture of inclusivity and diversity, where talent and hard work are the only parameters for success. I am proud to be on the advisory panel of the Hungama Women Game Changers, an initiative that recognizes these empowering women who overcome challenges and unleash their full potential. Let us continue to support and encourage more women to make a mark in their respective fields and create a brighter future for all.”

Hungama, recently launched the first season of a podcast series with the ‘Women Game Changers 2022’, a deep dive into their success stories. Stay tuned for Season 2, with more empowering stories that will inspire, motivate, and showcase the limitless potential of women.

Please find the list of Women Game Changers 2023 in the press release.

GURUGRAM, India – April 04, 2023 – Samsung, India’s largest consumer electronics brand, has announced it will set up 15 premium experience stores across top metro cities in India by end of 2023, bringing in exciting new technology experiences for consumers and creating a benchmark in premium electronics retail in the country.

The new experience stores will come up at iconic locations across top metro cities such as Delhi, Mumbai, Bengaluru, Chennai, Kolkata, Ahmedabad, Hyderabad, Pune, and Chandigarh.

These stores will showcase Samsung’s complete product ecosystem through exciting zones such as Samsung SmartThings, Smartphones, Audio, Gaming, Lifestyle Screens, Consumer Electronics, Home Theatre, and Wearables, showcasing its multi-device connectivity with SmartThings.

The SmartThings zone will showcase how Samsung’s connected living ecosystem can create convenience for consumers in their daily lives. This includes highlighting how a smartphone, refrigerator, AC, home theatre, TV and other devices can connect to each other and provide convenience to consumers. The SmartThings zone will also include scenarios such as Work from Home to show how a Samsung monitor, laptop, tab and smartphone connect to improve productivity, or how you can switch on your ACs remotely so that the your home is cooled even before you reach or even a home kitchen experience.

For young gaming enthusiasts, these experience stores will have dedicated gaming zones where they can spend time on their favourite games. They can experience the power of Samsung Galaxy S23 flagship smartphones and Samsung’s premium Odyssey Ark gaming monitors as they play.

“As a brand focused on ever evolving customer’s needs, we have seen that demand for our premium products has increased with nearly two thirds of our consumers choosing a premium device at our Samsung Experience Stores. To tap into this growing consumers demand, we are setting up 15 Premium Experience Stores across India that will offer the widest portfolio of Samsung’s curated premium products as well as experiences such as our SmartThings ecosystem, Gaming, Lifestyle Screens, product customization,” said Mr. Sumit Walia, Senior Director, D2C Business, Samsung India.

“These products and experiences will not only provide our customers with an in-person, immersive look at Samsung technology but also help them engage with the brand more meaningfully,” he said.

Consumers, especially Gen Z and millennials, will have the opportunity to attend the many Galaxy Workshops and activities that will be organized at the premium experience stores as part of the Learn @ Samsung initiative. These Galaxy Workshops will be around photography, video-editing, gaming, music, coding, doodling, baking and many other topics, helping young consumers pursue shared interests as well as learn about Samsung’s innovations and how to use their smartphones and other Samsung products more efficiently.

At the customization counter, young consumers can have a DIY smartphone cover customization experience using stickers and other accessories.

Samsung’s new premium experience stores will also offer a phygital experience through Samsung’s Store+ endless aisle platform. With Store+, consumers can buy any Samsung product, from among 1,200 options across its portfolio, even if they are not available at the stores. Consumers can buy products using a Store+ digital catalogue and it is delivered directly to their home. Consumers can also access Samsung’s digital lending platform Samsung Finance+ and Samsung’s device care plan for Galaxy smartphones, tablets and smartwatches Samsung Care+ at the stores.

Consumers visiting the premium experience stores will also be able to get hassle-free after sales service for their smartphones and book service calls for their consumer electronics products at home.

April 04, 2023! Karur Vysya Bank has entered into an arrangement with SBI Life Insurance to market their insurance schemes through the branches of the Bank.

Commenting on the arrangement, Shri B Ramesh Babu, MD & CEO of Karur Vysya Bank said, “KVB with its tradition spanning over 105 years is a major player, particularly in the States of Tamil Nadu, Andhra Pradesh, Telangana, and Karnataka. KVB offers an entire range of financial services through tie-ups with leading service providers. In an attempt to offer a wider choice to its customers in the life insurance sphere, KVB has today inked an agreement with SBI Life. I am sure that together both of us will be able to provide not just choice but quality options to the customers in the days to come.”

Speaking about the partnership, Mr. Mahesh Kumar Sharma, MD & CEO, SBI Life Insurance, said, “Partnership alliances provide a boost to the insurance sector by making holistic insurance solutions accessible to the larger populace across the country. We are thrilled to collaborate with Karur Vysya Bank, which brings with it a vast experience of over a century, adding value to its customers. We look forward to strengthening the financial immunity of Karur Vysya Bank’s customers with our value-packed life insurance solutions and tech-enabled services. We are confident that the partnership will further enable us to expand the insurance market across the bank’s presence in the country.”

Mumbai,4 April 2023: GOOD FLIPPIN’ BURGERS® has announced the launch of two new outlets in Thane Wagle Estate and Mira Road, in Mumbai. With the launch of these new outlets, the burger brand will look at bringing its delicious offerings to new consumers from the extreme ends of the city as well.

The Thane Wagle Estate outlet is a curbside pickup, providing customers with signature dishes straight to their doorstep through online orders and delivery services. With this outlet, they aim to cater to the needs of customers who prefer to enjoy food from the comfort of their homes or offices.

The Mira Road outlet, on the other hand, is a hybrid establishment offering a range of dining options, including dine-in, takeaway, and delivery services. With outdoor seating available for about 12, this outlet is the perfect place to enjoy a delectable meal with friends or family in a pleasant outdoor ambiance.

“We are thrilled to announce the opening of our two new outlets in Mumbai, which will bring our offerings to even more people in the Thane and Mira Road areas. We understand that in large cities like Mumbai, we reach as close to our consumers as possible to give them the best experience of our burgers. We believe food is an experience that should be savored and enjoyed to the fullest, and we are committed to providing just that to our customers,” says Viren D’Silva, Co-founder of GOOD FLIPPIN’ BURGERS®.

Whether looking for a quick and convenient meal on the go or a leisurely dining experience with friends and family, GOOD FLIPPIN’ BURGERS®’s new outlets in Thane Wagle Estate and Mira Road sure have something for everyone. Pay a visit today and discover juicy and flavourful burgers.

New Delhi, 4 April 2023: Sony has announced the FE 50mm F1.4 GM lens (model SEL50F14GM) as its newest addition to its acclaimed G Master full-frame lens lineup. This e-mount lens expands the Sony offerings with a premium 50 mm prime lens packed into a remarkably compact and lightweight design. Even at F1.4, FE 50mm F1.4 GM delivers first-class image quality, including high-resolution and naturally rendered bokeh known to Sony’s top-tier G Master™ series. When paired with the latest Sony cameras, it is an ideal option for a wide variety of uses in both still and video including portraiture, landscape, travel, and wedding.

“At Sony, we are evolving our products to the needs of today’s content creators and are proud to announce the newest innovation with the FE 50mm F1.4 GM lens, the latest addition to the E-mount lens line-up. This prime lens is a great choice for both photography and videography use and delivers exceptional image quality at 50 mm, which is one of the most popular focal lengths. The versatile lens packs Sony’s latest G Master technology in such a compact form factor.” said Mukesh Srivastava, Digital Imaging Head, Sony India.

1. Sharp imagery and beautiful bokeh

The advanced optical design and elements unique to Sony’s top-of-the-line G Master™ series brings outstanding image quality to FE 50mm F1.4 GM. Spherical aberration control at both the design and the manufacturing stages contributes to beautiful bokeh. The lens offers naturally rendered bokeh with an 11-blade circular aperture and sharp realism is offered throughout maximum aperture range. Deep, creamy bokeh at F1.4 is ideal for a variety of shooting scenarios including making portrait subjects stand out from their surroundings.

FE 50mm F1.4 GM is packed with two XA (extreme aspherical) elements that effectively correct field curvature and most types of aberration. This lens is also designed with one ED (extra-low dispersion) glass element that suppresses chromatic aberration to maintain clear and sharp images without color bleeding. The design combination of the XA and ED elements helps achieve high resolution throughout the entire frame. Sony’s original Nano AR Coating II on the lens suppresses reflections even in a backlit scene.

In addition, the minimum focusing distance of FE 50mm F1.4 GM is just 0.41 meters and the maximum magnification is 0.16x when autofocus is used[i]. This level of close-up performance provides extra flexibility when shooting both stills and videos.

2. Remarkably compact design for maximum versatility

The FE 50mm F1.4 GM has Sony’s most advanced optical design technology including precisely positioned XA elements, high-thrust XD (extreme dynamic) linear motors, and the latest compact circular aperture unit. These elements are critical for realising a large-aperture, high-resolution lens that is only 80.6 mm in diameter, 96.0 mm in length, and 516 grams in weight. These measurements allow for a lens that is 33% lighter and 15% less volume when compared to conventional models with the same specifications[ii].

The compact size of FE 50mm F1.4 GM paired with a Sony camera body makes this lens extremely versatile in both still and video shooting situations. With this type of mobility and low-light performance, this lens is a great choice for everything from portraits, landscapes, weddings, and travel. The compact size also makes it an ideal lens selection for gimbal and drone operation.

3. Fast, precise, and reliable autofocus

The FE 50mm F1.4 GM’s autofocus is extremely fast and precise, making it an ideal choice for reliable content creation. The autofocus is as much as 1.9x faster[iii] than conventional models with the same specifications2. The lens’s focus group is driven by Sony’s high-thrust XD linear motors and incorporates an advanced control algorithm for a smooth, responsive focus drive. When paired with the latest Sony’s Alpha cameras, this lens can quickly acquire focus and track subjects, even when using the shallow depth of field available at F1.4.

The XD linear motors and control algorithm optimizes the response to control signals so that focusing is precise, and the vibration is minimized for refined, quiet AF operation. This is extremely advantageous when shooting movies allowing movie subjects to be smoothly captured and tracked even when shooting at 120 fps or other high frame rates. The ability to leave focus to the camera when shooting solo or with a small team can dramatically enhance efficiency and creative flexibility. The FE 50mm F1.4 GM features the latest lens technology to reduce focus breathing to ensure that the highest quality images are captured. In addition, FE 50mm F1.4 GM supports the breathing compensation[iv] function provided in compatible Sony Alpha cameras.

4. Intuitive operability and outstanding reliability

The lens has been designed intuitively to help provide creators with maximum workflow efficiency while shooting. Linear Response MF ensures that the focus ring responds directly and repeatably to subtle control when focusing manually. As an exciting evolution to the premium G Master line-up, FE 50mm F1.4 GM also features an iris lock switch, which is the first ever to be offered on a Sony prime lens. Additionally, this lens features a 67 mm thread mount, allowing for a filter to be interchangeable with the FE 24mm F1.4 G Master and FE 35mm F1.4 G Master lenses.

Focus hold buttons and a focus mode switch provide extra shooting versatility for content creators. Customizable focus hold buttons are present in two locations, which can be further assigned to several other functions from the camera’s menus. The focus mode switch makes it possible to switch between autofocus and manual focus on the fly, to quickly adapt to changing shooting conditions.

The FE 50mm F1.4 GM’s front lens element features a fluorine coating that repels and allows for easy removal of fingerprints, dust, water, oil, and other contaminants. A dust and moisture-resistant design[v] provides extra reliability for outdoor use in challenging conditions. These additions allow creators to use the lens with confidence in almost any shooting environment.

Pricing and Availability

The new FE 50mm F1.4 GM lens will be available across all Sony Centers, Alpha Flagship stores, e-commerce websites (Amazon and Flipkart), www.ShopatSC.com portal and major electronic stores across India from 3^rd April 2023 onwards.

Mr. K.L Ganju, o.c.v.c (cdr.), Consul General (Hy.) and Advisor to the Foreign Minister, Union of Comoros, President & Members of Board of Directors of Honorary Consular Corps Diplomatique-India host an evening to acknowledge Consular Day that beheld the momentous felicitation of “Vivek Burman (Dabur) Peace Prize” bestowed to Padma Shri Mr. Jatinder Singh Shuntyji and Hon’ble Mr. Suresh Chukkapalli, Honorary Consul General of South Korea. The occasion was adorned by the presence of H.E. Mr.V. Muraleedharan, Minister of State for External Affairs and Parliamentary Affairs, H.E. Mr. Alem Tsehaye Woldemariam, High Commissioner of Eritrea and Dean of the Diplomatic Corp and Padma Shri awardee, Excellency Mr. Vikramjit Singh Sahney, Member of Parliament (Rajya Sabha) at ITC Maurya, Delhi.

April 03, 2023: During FY2022, SIDBI implemented a special liquidity package of `16000 crores of RBI fund [SLF-3] to reach out to a large section of beneficiaries by launching innovative products viz. Double Intermediation (DI) in association with well-rated and established NBFCs/NBFC-MFIs, Partially Guaranteed Pooled Loan Issuance (PGPLI) Scheme in which the pool of receivable with homogenous member NBFCs/MFIs/fintech is funded by SIDBI with a partial guarantee to give the comfort to the lender (SIDBI) to lend such a low/unrated entity. The third type of assistance is aimed at boosting the bond market by subscribing to primary/secondary issues of NCDs of NBFCs/MFIs/Fintech etch through an AIF mechanism.

The key objective of the fund/scheme is to address the issue of funding the unfunded through an intermediary known as an Investment Manager/Fund manager. The smaller/mid-sized NBFCs/MFIs which are having relatively high-risk profiles and are low/unrated, find it difficult to access credit support from mainline/formal funding channels at reasonable rates of Interest. Hence, the risk of funding such low profile Institutions necessitated a common corpus with multiple investors, and diversified risks in the fund wherein SIDBI would be the principal investor. The product was branded as ‘Promising Lenders Fund (PLF)’ and launched in two phases. The main eligibility criteria for IM is it should be a SEBI-registered AIF with, the experience of handling AIF/ VCF schemes (live / closed) in the past. Phase I of the fund (PLF-1) has been fully implemented with target corpus of `300 crore between March 2022 and – October 2022 ) which benefitted about 16 BBB (+/-) or low rated NBFCs/MFIs/Fintech. The IM offers capital loss protection for the investment of SIDBI in the fund, as per objective and structure of the fund. The second phase of the fund with aggregate target corpus of `600 crore (including green shoe option of `200 crore) is launched in March 2023 with the objective of subscribing to the bond issue of 20-25 identified, eligible NBFCs/MFIs/Fintech which is expected to benefit of 4000 MSME borrowers at the bottom of the enterprise pyramid. The PLF-2 of `600 crore corpus is being operated in association with Vivriti Asset management Private Limited, which is a leading fund house in India and manages an AUM of USD 730 mn with, benefit flowing to 250 + mid-market enterprises across various sectors.

India, 03 April 2023 – Skillsoft (NYSE: SKIL), a leading platform for transformative learning experiences, today released its 2023 Women in Tech Report, which explores the top challenges and areas of opportunity for women working in the technology industry. The report highlights a growing gender imbalance, with nearly half (45%) of women technologists surveyed indicating that they are now outnumbered by men in the workplace by ratios of four-to-one or greater – a significant increase from 25% who said the same in 2021.

This reported gender disparity is even more pronounced at the executive and senior levels of leadership. Skillsoft’s IT Skills and Salary research found that among technology professionals with at least 26 years of experience, 15% of men hold executive-level positions compared to just 4% of women. Meanwhile, 30% of female technologists are reporting dissatisfaction with their current growth potential and 36% are considering leaving their jobs due to a lack of equity in opportunities.

Despite these obstacles, career growth remains a top priority for female technologists. 92% said professional development and training is an extremely or very important benefit, and when asked about ways employers can better support them, the top three responses were by providing professional development and training, more coaching, mentoring, and career counseling, and equitable pay, respectively. Additionally, female technologists are actively seeking opportunities to build leadership skills and move into senior roles. More than a third (34%) have earned certifications in leadership and management over the past year, up from 27% in 2021. Leadership and management is also respondents’ top skill area of interest (41%), jumping from the number four spot in 2021.

“Despite the efforts of organizations to make diversity, equity, and inclusion in the workplace a greater priority, our research shows that the gender gap remains quite wide and significant work is needed to achieve true parity at all levels,” said Orla Daly, Chief Information Officer, Skillsoft. “Women in technology are calling for more opportunities to advance their careers via leadership development, technical training, coaching, and mentorship. Meanwhile, organizations are facing a critical need for technology and leadership competencies. This presents a mutual growth opportunity that helps organizations thrive and empowers women to increase their impact by filling these critical gaps.”

Additional highlights from Skillsoft’s 2023 Women in Tech Report include:

Job satisfaction rates are declining, which poses a risk for retention.n in Tech Report include:

•  Just 28% of female technologists report being extremely satisfied with their jobs compared to 44% in 2021. Their top three areas of dissatisfaction are with growth potential, current pay, and managerial support, respectively.
•  Nearly 40% of respondents are considering switching job roles. Their top three reasons for doing so are better compensation, lack of equity in opportunities, and ineffective leadership, respectively.
• Training should be topical and timely for both employees and organizations.
•  Following leadership and management, female technologists are most interested in upskilling in analytics, AI, and machine learning, project management, and cybersecurity, respectively. This aligns with critical business needs, as cybersecurity and AI and machine learning are among the top three priority areas of investment for organizations.
•  Women in tech care about how they’re learning. Above all else, they are seeking training opportunities that provide hands-on practice (40%). 37% also said they select training programs based on their preferred delivery formats, such as instructor-led training or on-demand content.

Benefits that support women inside and out of the workplace are impactful.

•  While only 34% of respondents have access to coaching, mentoring, and career counseling services, 82% cite this benefit as extremely or very important.
•  Only 55% of respondents have access to family leave benefits, despite 81% citing it as extremely or very important.
•  Access to remote work increased the most for women in technology between 2021 and 2023, up 33 percentage points.

Download Skillsoft’s 2023 Women in Tech Report for additional survey findings and insights for organizations to support and empower female technologists.

Report Methodology

Skillsoft’s Women in Tech survey was conducted online from December 2022 to February 2023, with the goal of revealing the challenges women in tech commonly face and uncovering ways that employers can better support them. The survey yielded 1,321 complete responses from women who work in the tech industry, at tech organizations or companies, and in tech roles. The number of respondents globally for those who hold jobs within these functions totaled 621. The survey and report were supported by Google, Nutanix, and Red Hat, and it was tabulated using the Qualtrics XM Platform.

New Delhi, April 03 – Tumbledry, the largest laundry service provider in India, has achieved the milestone of 500+ stores in 180+ cities, becoming the best franchisee business to grow on such a scale in 3 years. The company has also announced plans to open 300 stores in tier 2 and 3 cities in 2023 to strengthen its presence in India and target the masses.

Tumbledry has been successful in disrupting the Indian laundry services market by providing a superior customer experience and offering a wide range of services at affordable prices. The company has achieved exponential growth in recent years and is confident about reaching revenue of INR 100 crores in FY 23-24. To support its growth plans, Tumbledry is planning to invest heavily in hiring and training manpower. The company has launched Tumbledry Laundry Manpower Academy as the first step in this mission. Tumbledry is the only laundry brand that
has an in-house training academy for hiring, training, and employing manpower in the laundry industry.

Tumbledry is also planning to enter the shoe and bag cleaning industry to expand its services further.

In addition to this, Tumbledry is committed to providing an exceptional customer experience and is investing heavily in technology to increase ease and convenience for customers. The company plans to introduce tools like a WhatsApp chatbot, an enhanced customer mobile app, and other innovative solutions for its customers.

Tumbledry has also entered into collaboration with giants like LG and Electrolux to smoothen machine supplies for stores. With its latest outlets in Meghalaya and Daman and Diu, Tumbledry is now present in all states and Union Territories in India.

Speaking about the company’s growth, Mr. Gaurav Nigam, Founder & Director, Tumbledry said, “We are excited about the exponential growth that Tumbledry has achieved. We are committed to providing the best laundry services to our customers and are constantly innovating to make our services more accessible and convenient. We are confident that our investments in technology, manpower, and collaborations with industry leaders will help us achieve our growth targets and continue to disrupt the Indian laundry services market.”