BIF welcomes the Government’s step for lifting the Minimum Speed of definition for Broadband by 400%

New Delhi, 22nd February 2023: Broadband India Forum (BIF) – A leading Think tank for Digital Transformation warmly commended the great step taken by the Government of India to raise the Minimum Speed for the definition of Broadband to 2Mbps from the erstwhile 512Kbps, an enhancement of Minimum data speed by four-fold! This is a big step taken in the interest of consumers and will also help in lifting the overall quantum of per capita data consumption and improve the service experience.

India being a ‘mobile first’; the country heavily relies on mobile broadband with almost 98% of the broadband users accessing broadband through their mobile phones. This upgradation in minimum broadband speed will help improve overall Quality of Service for the consumers. This move will particularly benefit consumers in rural areas, suburban areas & fringes of metros who are heavy video consumers and rely more on video and data-rich apps and thus would be a great boon for the aam janata at the bottom of the pyramid.

The Government of India’s move is especially significant in the current context where both Government and TRAI are concurrently taking up with the concerned operators strongly, the urgent need to improve the quality of service provided on mobile.

It is unfortunate that as many as 45,180 villages in India do not have any 4G coverage at all i.e. no mobile broadband. Moreover, as Aroon Deep laments, “between the villages without any 4G networks whatsoever and the large cities where high speeds are taken for granted, lie the oft-ignored smaller urban settlements struggling with weak connectivity… Such towns, which lose out in the digital divide in a less documented way, may start getting more attention now that the definition of ‘broadband’ has been upgraded”.

BIF also wishes to laud the regulatory Authority, TRAI, which, in August 2021, had recommended the need to increase the Minimum Broadband Speed to 2Mbps and also a number of other measures to improve broadband coverage and enhance broadband speed. This was desperately required for a long by the ‘Aam Aadmi’, especially in the hinterland of the country, and holds tremendous significance for a country like India where the population relies on video consumption to counter challenges in many areas like cultural and linguistic diversity, literacy levels, etc. and need better speeds to access it. Hence, this mandate of the Government of India to sharply increase the minimum broadband speed is a historic step forward in the public interest and in marching towards Digital India.

Hailing it as a significant milestone in our Journey on the Digital Highway, Mr. TV Ramachandran, President BIF, shared that “ While 2Mbps may not sound good enough for the modern broadband era as one would need much higher speeds for a satisfactory experience in applications viz. telecommuting, file downloading, video conferencing, streaming video –both SD & HD, nevertheless this strong nudge provided by the Government will definitely help ensure improved consumer experience and consumer satisfaction. We are confident that the existing large divide between the ‘haves’ and the ‘have nots’ of good internet connectivity will start reducing, thanks to the latest Government action”.

While this upgradation in minimum broadband speed is indeed a big milestone, India still has a long way to go to catch up with major regimes like the US where the regulator (FCC) has already prescribed a minimum broadband speed of 25 Mbps. Even our neighbor Bangladesh has prescribed a higher minimum broadband speed of 5Mbps. Moreover, studies have shown that for experiencing good quality of video streaming one needs to have download speeds much in excess of even 5 Mbps and probably nearer values of 14 Mbps or 15 Mbps. Consumers & Digital India would be facilitated by working toward such targets and a few more similar steps by the government in this direction to allow us to reach those goals soon.

Hyper Connect Asia launches Magina – A D2C Jewelry brand celebrating the rich culture of Maharashtra.

Mumbai, February 22, 2023: Hyper Connect Asia, the multi-disciplinary agency headquartered in Mumbai is the strategy and design partner for the unique D2C jewelry brand that is focused on celebrating the rich heritage and culture of Maharashtra through contemporary jewelry designs. The brand launch brings together some of the biggest names from the Marathi film fraternity like Tejashri Pradhan, Sayali Sanjeev, Spruha Joshi & Shivani Kulkarni enamoring this new-age jewelry brand.

The brand name Magina is inspired by ‘Maharashtra cha Dagina’ or ‘Jewel of Maharashtra’, is a unique effort to celebrate the rich culture, heritage, and stories of Maharashtra through their unique modern-day heirloom pieces. The D2C start-up is the brainchild of Yogeshwar Dande, a 4th generation jewelry entrepreneur from the 100-year-old legacy jeweler brand Govind Dande and Sons Pvt Ltd based out of Nasik. With Magina, Yogeshwar’s vision is to create a global light jewelry brand that takes inspiration from the cultural heritage of Maharashtra and creates unique and contemporary designs for modern women.

Commenting on the launch and the partnership, Yogeshwar Dande, Founder, Magina said, “I was toying with the concept of an independent jewelry venture for the last couple of years. The D2C Jewelry space is booming with multiple traditional and new-age brands harping on the demand and optimizing the potential of this space. But with so many D2C jewelry players around, we needed to break the clutter and find a unique brand voice. Hyper Connect changed my perspective in our very first meeting and we were absolutely excited and driven by the idea of creating a brand, which celebrated the rich stories of Maharashtra in a contemporary way. Magina is an endeavor via which young and independent women living in Maharashtra or anywhere globally can find a connection with this heritage and traditionally rich state through a unique piece of jewelry. Each of our designs is unique, modern and affordable and is designed keeping this brand philosophy in mind.

Hyper Connect Asia has been the one-stop partner for all branding & consulting needs of the unique light jewelry brand. Under this brand consulting mandate, Hyper Connect Asia has created the branding from scratch including – brand name, identity design, visual design, tone of voice, product photography, product video content, along with designing & developing UI & UX for Magina’s e-com platform. The clutter-breaking launch idea will help us launch the brand and Hyper Connect Asia will continue to partner with us as our marketing partner to build influence over their search & social, to drive conversions.

Kiran Khadke, Creative Lead, Hyper Connect Asia

Kiran Khadke, Co-founder & Creative Lead, Hyper Connect Asia shared, “This was one of the most exciting & fulfilling projects as it challenged us to create a brand from scratch. Right from crafting a brand name that is meaningful, to creating the brand identity design, brand tonality, visual story guides and extending it to UI & UX of the e-commerce website and driving product photography. We have been successful in designing a unique brand roadmap for Magina that reflects the brand philosophy and weaved it together with a digital 1st launch strategy. We are very confident that this cohesive brand strategy will enable Magina to get noticed and drive their relevant reach and subsequently lead to high conversions.”

Ankur Pujari, Business and Growth lead, Hyper Connect Asia

Ankur Pujari Co-Founder & Business Lead Hyper Connect Asia commented, “We are constantly looking for opportunities where we can create disruptive brands that are reimaging the categories and are deep-rooted in consumer needs. We are exhilarated to have been partnered with Magina right from its inception to creating a brand that strongly stands on the values of tradition and heritage but is evolved and forward in its philosophy and creativity.”

Premium consumer electronics brand Lyne announces the launch of its new website

Feb 22, 2023 – Lyne, a rapidly growing wearables and consumer accessories brand, has rolled out its new website at www.lyneoriginals.com. The website went live on February 8, 2023, and aims to expand the reach of its wide range of products with this online shift.

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Currently, the website features all the products from the brand’s top selling categories like earbuds, speakers, neckbands, smart watches, power banks, and chargers. Lyne is also offering exciting introductory prices on some of its best products. The website will also allow the customers to have access to the newly launched items before offline stores.

Lyne is a consumer electronics brand founded in July 2022. The company provides premium, design-focused products at a competitive rate. It promises its customers cutting-edge mobile technology and accessories of unmatched quality and design. Their product range includes 50+ items from 10 different categories, such as wireless earphones, headphones, power banks, speakers, and other accessories.

“The team and I are very excited about the launch of our new website. Our products have received a great response from customers through in-store purchases. With the website, we look forward to reaching out to a wider audience and having new customers join the Lyne family. The website will feature all of Lyne’s original products, making it an official platform. We will also be coming out with newer products and exclusive offers on the website,” said Meet Vij, Co-Founder, Lyne.

Lyne has an extensive distribution chain, with 40 super stockists and over 5000 retailers covering all the major cities in India. Through this vast reach, it has successfully served customers throughout the country with its high-quality and stylish product range. With the new website, the brand hopes to delve deeper into untapped potential markets and explore new heights for itself.

IMDb Launches Popular Indian Celebrities Feature, Available Exclusively on the IMDb App

Bengaluru, India—February 22, 2023—IMDb (http://www.imdb.com), the world’s most popular and authoritative source for information on movies, TV shows, and celebrities, today announced the launch of the Popular Indian Celebrities feature, a new way for fans to track trending stars and filmmakers in Indian movies and web series.

The Popular Indian Celebrities feature, available exclusively on the IMDb app for Android and iOS, highlights the top trending Indian entertainers and filmmakers each week. This is based on visits from more than 200 million monthly visitors to IMDb worldwide. Every week, entertainment fans can see who is trending, follow their favorite entertainers, and discover new breakout talent.

“Talent and filmmakers in India enjoy an immense fandom that crosses regional and national boundaries, and IMDb is uniquely positioned to capture this interest, given our global audience,” said Yaminie Patodia, head of IMDb India. “The Popular Indian Celebrities feature celebrates the passion of IMDb users, highlights celebrities having a breakthrough career moment, and captures trends in entertainment driven by the latest releases and newsworthy events.”

For the week of February 20, the top 20 trending names on the Popular Indian Celebrities feature include:

  1. Raashi Khanna
  2. Shah Rukh Khan
  3. Vijay Sethupathi
  4. Regina Cassandra
  5. Aditya Chopra
  6. Deepika Padukone
  7. Kader Khan
  8. Bhuvan Arora
  9. Anupam Kher
  10. Kiara Advani
  11. Ayesha Kanga
  12. Aishwarya Rai Bachchan
  13. Shahid Kapoor
  14. Kubbra Sait
  15. Ram Charan Teja
  16. Anjali Sivaraman
  17. Salman Khan
  18. Yash Chopra
  19. Krishna D.K.
  20. Nora Fatehi

Popular InThe dian Celebrities feature reflects global trends in Indian entertainment

  • This week, the Popular Indian Celebrities feature spotlights talent from trending titles like Farzi (Prime Video), The Romantics, Class (Netflix), and Pathaan (in theaters now).
  • Six cast members from the Prime Video Original series Farzi feature in top 20 on the list. Star Raashi Khanna ranks at No. 1, along with Vijay Sethupathi, Shahid Kapoor, Regina Cassandra, Bhuvan Arora, and Kubbra Sait. Series co-creator Krishna D.K. is also on the list this week.
  • Aditya Chopra of Yash Raj Films, whose rare interview featured in the Netflix docuseries The Romantics, features at No. 5.
  • Shah Rukh Khan (No. 2) and Deepika Padukone (No. 6), stars of the record-breaking box office phenomenon Pathaan, remain near the top of the list a month after the movie’s release.
  • Actor Kader Khan, who was recently mentioned in a trending online interview, features in the list, with IMDb users seeking information on his long career as an actor, writer, and producer.
  • Fan interest in the wedding of Kiara Advani and Sidharth Malhotra earned Advani a slot on the list at No. 10.
  • Netflix original Class’ breakout stars Ayesha Kanga and Anjali Sivaraman also feature on the list this week.

The IMDb Popular Indian celebrities feature is updated every Monday, and is determined by visits from more than 200 million monthly visitors to IMDb worldwide. The feature is available exclusively on the IMDb app for customers whose location is set to India. Along with Indian celebrities, customers can also see trailers for popular Indian movies and TV shows. The IMDb app also helps customers discover what to watch, add titles to their watchlist, and rate and review what they’ve seen. The IMDb app is available for free on Android devices from the Google Play store, and on iPhone from the Apple App Store.

Entertainment fans can also follow IMDb on Instagram and Twitter for all of the latest content featuring Indian films, web series, talent, and filmmakers. Followers can share what they love most about their favorite Indian celebrities and titles, find the latest trailers and exclusive IMDb content, and discover new content from India and around the world.

Nearly 25 Mn sq. ft. Mall Space to be Added in Top 7 Cities in Next 4-5 Years – ANAROCK-RAI Report

Mumbai, 22 February 2023: Driven largely by rising consumption, the rebound in Indian retail market has been exemplary in 2022 which is favorably impacting retail real estate across the country, finds a joint report by real estate consultants ANAROCK and Retailers Association of India (RAI). Buoyed by the growth, developers now plan to add nearly 25 Mn sq ft of new mall space across the Top 7 cities over the next 4-5 years, finds the report titled ‘India Retail Real Estate: REvived, REshaped, & REinforced’. The report was released at the Retail Leadership Summit 2023, where ANAROCK was a knowledge partner.

NCR and Hyderabad account for nearly 46% of the total new upcoming supply, closely followed by Bengaluru at 19%.

Back in 2022, the top 7 cities added over 2.6 Mn sq ft of mall space which was 27% more than the preceding year (2021).

“The festive season, devoid of restrictions and any fear of the contagion, was exemplary with record high volumes and sales value,” says Anuj Kejriwal, CEO & Managing Director – ANAROCK Retail. “Sales value estimated during the festive season in late 2022 was INR 2.5 Lakh Crore, nearly 2.5 times compared to the previous year. The revival of consumer sentiments and penchant for consumption is therefore being promptly acted upon by the majority of brands, retailers, and mall developers. The new planned mall supply across the top 7 cities is testimony to the developers’ expansion strategy.”

“Further, the retail market size is expected to touch USD 2 Trillion by 2032, growing from USD 690 billion in 2021, facilitating the organised retail sector to grow at 25% CAGR.”

Kumar Rajagopalan, the CEO, the Retailers Association of India (RAI), says, “The report also highlights that the Indian retail sector attracted around USD 1,473 Mn between 2019 and 2022, of which 76% of total investments came in 2019 itself. Among the cities, Hyderabad and MMR accounted for nearly 40% of the total PE investments in the sector.”

“Data further indicates that back in 2022, the top 7 cities added nearly 2.6 Mn sq ft of mall space during 2022, which increased by 27% over the previous year (2021),” says Rajagopalan. “Among the cities, Bengaluru and Hyderabad were the only cities which saw new mall supply addition during 2022.”

Presently, the top cities have over 51 Mn sq ft of mall stock across the country with NCR, MMR, and Bengaluru accounting for 62% of the total stock.

In terms of avg. rentals in malls, these appreciated by nearly 15% in 2022 over the previous year, thus reaching higher than the pre-pandemic levels. Bengaluru registered the highest uptick in rentals of around 27%, followed by Kolkata at 20% in 2022 over the previous year.

Other Major Highlights

As per industry estimates, the e-retail market is anticipated to reach USD 120-140 Bn by FY26, increasing at 25%-30% annually over the next five years.
The sales volume of the organized retail segment in FY22 was estimated to be USD 52 Bn and is estimated to grow to USD 136 Bn by 2028 with a CAGR of 17%.
Currently, a high degree of integration of physical and digital is taking place to provide an interactive and all-inclusive experience.

Download the report ‘India Retail Real Estate: REvived, REshaped, & REinforced’

ABP Network’s second edition of ‘Ideas of India’ Summit all set to begin, February 24-25 in Mumbai

Mumbai: February 22, 2023: ABP Network, India’s leading multi-language news network had made a promise in 2022 that bears fruition on February 24-25, at the Grand Hyatt in Mumbai. The ABP Network’s ‘Ideas of India’ summit as promised is back, bringing together on one stage: one platform, the brightest minds cutting across sectors from within and beyond the borders of the country. In 2023, the grand second edition of the immensely successful ‘Ideas of India’ summit is woven around the theme of Naya India: Looking Inward, Reaching Out.

ABP Network CEO Avinash Pandey said, “The inaugural edition of ABP Network’s ‘Ideas of India, in 2022, turned out to be a huge success, not just in terms of how many people watched it, across our network, but more importantly what the forum meant as an intellectual exchange of diverse ideas. It was evident to me that this was an idea that was worth sticking with, because ABP Ideas of India event is not just a summit, it is a platform that represents and extends the pluralism that is the ethos of India. A true democracy, like India, is a grand idea built on the churning of a million smaller ones, pulling and pushing together as a single unit. I am happy to announce that with ABP Network’s ‘Ideas of India Summit 2023’, this is officially now an annual platform of that churning of ideas, that will contribute to the defining of tomorrow’s India. The 2023 summit is all about the making of a Naya India as we look inward while reaching out to the world.”

The 2-day event, in Mumbai, this year will primarily address the question – Where does India stand at this moment in history, with its burgeoning economy successfully tackling the energy divisions of yet another war in Europe, with a post pandemic recalibrating world looking up to her as a global leader and a whole new generation of Indians impatient to lead across sectors? The speaker list of thought leaders, business icons, cultural ambassadors, and politicians addressing this vital question is long and varied. It extends from Liz Truss, the former Prime Minister of UK to Indian Chief Ministers like Arvind Kejriwal, Bhagwant Mann and Eknath Shinde; From novelist and champion of environment Amitav Ghosh to tech and business innovation icon N.R Narayana Murthy; from internationally acclaimed academician and author Mahmood Mamdani to the highly amiable Union Minister of Road Transport Nitin Gadkari or the Central Minister-in-charge of ensuring connectivity, be it Railways or IT, Ashwini Vaishnaw. The world of arts and cinema will have yesteryear heartthrobs like Zeenat Aman and Asha Parekh as well as a social messaging movie superstar like Ayushmann Khurrana. Ideas of guts and grit of fighting women will be shared by Vinesh Phogat, Ashwini Nachappa, Jwala Gutta, and Joshna Chinappa while education path breakers like ‘Khan Sir’ and ‘NV Sir’ will talk about a young India gaining useful knowledge. International film directors Mira Nair and Shekhar Kapur will be there as will be the versatile actor, Manoj Bajpayee; Devdutt Pattanaik will bring alive the myths of the past as someone like Lucky Ali makes the connection between music and words. From celebrity chef Vikas Khanna sharing ingredients of his cooking mantra to young political heavy weights Poonam Mahajan, K Kavitha, Priyanka Chaturvedi and Raghav Chadha expounding on their individual political party’s recipe for the elections ahead, the summit is all set to deliberate the paths to a vibrant destiny for a new India.

ABP Ideas of India 2023, with 40 odd sessions and more than 60 speakers, is designed to be an intense and thought-provoking experience that celebrates the strengths that make Naya India the nation that it is as the country reaches out to take its rightful place in the world of tomorrow. ABP Ideas of India Summit 2023 will be available for viewing, on both days of 24th and 25th February, across all the different digital and broadcast platforms of the entire ABP Network.

Green shoots for early-stage startups in Hyderabad to build on the cloud, despite economic uncertainty

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Hyderabad, 22 February 2023: Global venture capital investment in 2021 doubled over its previous year. However, this rapid growth decreased in 2022, led by a contraction in both deal volumes and values globally. Startup ecosystem market intelligence platform, CB Insights[1] reports that in India, funding and deals decreased consecutively across quarters in 2022. However, despite the retrenchment in funding, in India the early-stage deal share held steady at 74% in 2022, same as in 2021.

India has the third largest startup ecosystem in the world, with over 91,000[2] government recognized startups, many of which are located in tier two and three cities. With over 4,500[3] tech startups, Hyderabad is emerging as one of the major hubs for startups and founders to begin their entrepreneurial journey. Born in the cloud, startups in Hyderabad are innovating and building solutions to address the unmet needs of people across the world.

An example of this is OneMoney, India’s First Account Aggregator, licensed by the Reserve Bank of India (RBI), that offers a secure data sharing solution to financial institutions. Founder & CEO of OneMoney, Krishna Prasad says he chose to build the fintech startup in Hyderabad because the city offers strong infrastructure support, with a cosmopolitan atmosphere, growth opportunities, top talent accessibility, availability of funds from leading investors and help through government-led initiatives.

Built on Amazon Web Services since Day 1, OneMoney was launched into production in 2021, “OneMoney offers consumers more control over their financial data, through our consent management platform. We work with India’s leading financial institutions, including the public and private sector banks, and enable them to safely share and receive consumers’ data. AWS is designed to provide a stable, reliable and secure technology infrastructure that enables us to serve millions of customers in India. By using the capabilities and managed services provided by AWS, we have scaled to over two million customers in two years, and gained a ~45% market share. AWS also helped us to optimize our technical infrastructure to significantly reduce cloud spend by as much as 25%.”

“AWS contributed to our early stage success through the AWS Activate program, which provided access to AWS credits, cloud services and trainings, and also, by facilitating networking opportunities that helped increase our business and customer base,” added Krishna Prasad.

The fintech uses more than 20 AWS technologies, ranging from basic compute and storage to database and architecture options. With more than 200 fully featured services, AWS offers the broadest and deepest set of capabilities of any cloud provider.

On 22nd November 2022, AWS announced the launch of India’s second AWS Asia Pacific (Hyderabad) Region, which provides customers with more options to run workloads with even greater resilience and availability, securely store data in India, and serve end users with even lower latency. The new AWS Asia Pacific (Hyderabad) Region is estimated to support an average of more than 48,000 full-time jobs annually through a planned investment of more than $4.4 billion (approx. INR 36,300 crores) in India by 2030. The construction and operation of the AWS Asia Pacific (Hyderabad) Region is also estimated to add approximately $7.6 billion (approx. INR 63,600 crores) to India’s gross domestic product by 2030.

“The AWS Asia Pacific (Hyderabad) Region will provide us, and other fintech startups, with greater disaster recovery and resiliency support,” added Krishna Prasad.

Amitabh Nagpal, Head of Startup Ecosystem, Amazon Web Services India Private Limited (AWS India) says AWS is deeply committed to supporting the local startup ecosystem to grow despite the challenging economic environment, “AWS enables startups to tap into the cost effectiveness and flexibility of the cloud to experiment at a greater pace despite lean resources, fail fast with low financial impact, adapt, and recover easily. This creates a low-risk environment that spurs curiosity, innovation, and growth. There has never been a better time to build a startup in Hyderabad. Born in the cloud, OneMoney exemplifies how startups can use a broad range of programs, tools, and applications provided by AWS to achieve scale and at the same time, optimize cloud costs.”

AWS supports local early-stage startups and founders by providing them access to a network of over 60 ecosystem enablers in Hyderabad, including incubators, accelerators, venture capital firms, angel investors, and others.

Endiya Partners, a leading venture capital firm based in Hyderabad, India, invests in promising technology startups across Software as a service (SaaS), healthcare, fintech, and deeptech sectors. Sateesh Andra, Managing Director at Endiya Partners says, “We focus on helping startups reach their full potential, and have seen many of our portfolio companies, such as Darwinbox, Kissht, Zluri, Qapita, Scrut Automation, and others, benefit from their collaboration with AWS. At Endiya, we recognize the pivotal role that cloud technology plays in the success of startups. AWS provides comprehensive support to startups through its AWS Activate program, customer success initiatives, cloud infrastructure, and ecosystem support. We look forward to our continued collaboration with AWS to support the growth of the startup ecosystem in Hyderabad and beyond.”

Background:

AWS provides early-stage startups with access to AWS Activate program, which offers AWS credits, services, trainings, and resources, such as ‘AWS Activate Console’, a personalized hub of tools, resources and content designed to support startup founders. The program also offers a collection of production-ready infrastructure templates, to help startups ‘Build On AWS’ in minutes. Other initiatives, such as AWS Well-Architected Framework offers startups guidance aims to ensure that their architecture is well established, secure, and ready to support scale as the startup grows. Tools such as AWS Cost Explorer and AWS Trusted Advisor enable startups to self-manage their cloud consumption and optimize costs.

Over the past two years, Amazon has provided more than US$2 billion in AWS Activate credits to help early-stage startups launch their businesses and accelerate their growth. With this help, startups are using scalable, reliable, and secure cloud services like compute, storage, database, analytics, Internet of Things, machine learning, and many others from AWS to scale their businesses.

Why should you consider buying a property during its ‘new launch’ phase

Gunjan Goel, Director, Goel Ganga Developments

 By Gunjan Goel, Director, Goel Ganga Developments

Pre-launch refers to the period when the building project is announced. It is definitely a good proposition for the buyers and even investors to purchase the property in its pre-launch stage. Many developers offer pre-launch properties to raise funds before final approvals. This way, they avoid having to borrow money from the market at a higher interest rate. Because the property hasn’t been built yet and you’re unsure of the final design, there may be some risks involved. However, there are many advantages to buying a property in the pre-launch phase.

Some of the benefits are listed below.

  • 1. Customised Choices

When you buy a property in its launch phase, you get to make your own choice with respect to the desired floor, unit, view, direction, and much more. Buyers can also get interior modifications at this stage. This brings the dream home or workspace closer to expectations. Once the building is fully done, making changes is not easy. There are clearly more choices available during this phase and compromises can be avoided.

  • 2. Smart Investment

Buying a property in the pre-launch phase opens up the opportunity to get the best return on investment. We can take the advantage of price escalation that trickles in after pre-launch. Once the building is up for possession, the prices tend to rise. So if we plan to sell off, we can make huge returns. If we plan to allocate more funds to real estate investment, this is just the right phase to put in our money.

  • 3. Enjoy Best Deals

During the initial phase of the project, real estate developers offer attractive prices discounts on pre-launched or new-launched projects to attract homebuyers and investors. If you are planning to invest or looking for a home, this is the best time to book your dream home at the lowest prices. So if you want to invest in a budget property, look no further than a new launch project.

  • 4. SImplified payment options

Homebuyers can live the dream of owning a home without money constraint with the help of tax benefits that come along with taking a home loan. Several newly launched projects also have offers or schemes where homebuyers do not have to pay EMI until they take charge of the home, which can be a significant financial relief. Furthermore, if you buy a newly launched project, you will only have to pay the builders 20-25% of the total cost. Because the builder is responsible for paying the interest on the loan, it may motivate them to complete the project as soon as possible. This is another advantage of purchasing a property during its initial launch period.

  • 5. Securing Property before the price hike

The other benefit of purchasing a property during Its launch phase is the privilege to block the price before the market opens and the rates go up. The unexpected price increase for properties following RERA certification is a fairly common occurrence in the real estate market, and the ability to pre-book and own a newly launched property is undeniably advantageous. Other factors such as rising demand for housing properties, infrastructure developments, rising labor costs, raw material costs, and revised laws all contribute to a property’s price increase; therefore, choosing a newly launched project will save you a significant amount that you can use for future expenses such as registration and interior design.

Spotflock CEO Sridhar Seshadri sheds light on thriving in a global slowdown at Startupedia ’23

Spotflock CEO Sridhar Seshadri speaking at Startupedia '23

Hyderabad, February 22, 2023: A panel of experts gathered recently for a discussion on “Strategies for thriving in a global slowdown” hosted by the Institute of Public Enterprise (IPE) at the 9th edition of Startupedia ’23 in Hyderabad. It covered among others, a discussion on “Decoding investor needs.” The event concluded on a high note with 100+ participants across the nation and an array of activities that provided the participants with a platform to gain insights and knowledge about the world of startups.

Startupedia is a fully mentored start-up event conducted annually at the Institute of Public Enterprise, Hyderabad. It is a 2-day event where the participants are groomed and mentored by some of the top industry experts to refine their ideas into viable business plans and get an opportunity to pitch their plans in front of a jury comprising industry experts and prospective investors.

Sridhar Seshadri, CEO & Co-Founder, Spotflock Technologies Private Limited, a deep tech company that specializes in AI, machine learning, and natural language processing, talked about focusing on investing in digital transformation, diversifying customer base, leveraging long-term relationships, embracing innovation, prioritizing cash flow and agility, increasing automation, and investing in talent as strategies for thriving in a global slowdown.

Participants gained valuable insights on how to attract investors to their startups. The panel discussion on “Decoding investor needs” discussed various aspects – identifying the different types of investors, understanding their motivations, and establishing trust and communication between investors and startups. They also discussed the importance of financial projections and their impact on investor decisions. They analyzed current market trends’ impact on investor needs and strategies. Participants understood how to communicate the value of a startup to investors effectively.

Following this, Startupedia ’23 had a mentoring session for participants and startups. The startup teams were divided into three panels led by Sridhar Seshadri and two others for mentoring. They provided an opportunity for the participants to receive conceptual clarity, which helped them fine-tune their ideas and business models for a better understanding on how to take their startup to the next level.

Prof. S Srinivasa Murthy, Director, IPE; Bhanu Prakash Reddy Varla, Founder, and COO, SagaVisions India; Charan Lakkaraju, Founder, and CEO, StuMagz; Rathnakar Samavedam, Investment Director and CEO, Hyderabad Angels; Subba Rao, Board of Director, Hyderabad Angels; Anubhav Tiwari, Head of Deeptech & Medtech, Incubator, amongst others, attended the event.

Baskin Robbins introduces delightful Cheesecake Sundaes!

Mango

Mumbai, 22 February 2023: The dessert dilemma is real. Dessert cravings come with big decisions to be made. So will it be a decadent cheesecake, a warm chocolate brownie or a mouthwatering ice cream? The list can be daunting, because when you do decide to give-in to indulgence, it better be worth it!

Baskin Robbins, one of the world’s most loved and largest ice cream chains is here to make those daunting moments of your life, a bit easier and much happier. Baskin Robbins, India has now introduced All New scrumptious Cheesecake Sundaes. These combine two individually loved desserts to create a magically drool worthy sundae experience where real gourmet cheesecake meets delicious ice cream and is topped up with delightful syrups and cream for that immensely satisfying dessert experience.

These Cheesecake sundaes are available in 4 fun variants:

  • · Baked Cheesecake with Strawberry Ice Cream topped with strawberry sauce and whipped cream
  • · Baked Cheesecake with Vanilla ice cream and Nutella Spread topped with whipped cream
  • · Baked Cheesecake with Vanilla ice cream and mango sauce topped with whipped cream
  • · Baked Cheesecake with Lotus Biscoff ice cream and butterscotch sauce topped with whipped cream

Each one is unexpectedly delightful and will leave you craving for more!

Drooling already? Head to the nearest Baskin Robbins and be ready to be #SpoiltforChoice!