ITV

Tag: Venture Capital

  • Parmi Doshi appointed as principal at Inflexor Ventures

    Parmi Doshi appointed as principal at Inflexor Ventures

    MUMBAI: Inflexor Ventures has announced the appointment of Parmi Doshi as principal, further strengthening its leadership team at the Mumbai-based venture capital firm. Doshi brings over six years of experience in finance and investments, having previously served as associate vice-president at the company and gaining significant expertise during her tenure at PwC India.

    Expressing her enthusiasm for the new role, Doshi stated, “I’m excited to step into this new position at Inflexor Ventures. The firm is committed to fostering innovation and supporting early-stage companies, and I look forward to contributing to its growth and success.”

    Inflexor Ventures is known for its sector-agnostic approach, investing in startups across a variety of fields including health-tech, fintech, consumer-tech, clean-tech, edu-tech, deep-tech, and agri-tech. The firm focuses on companies that leverage technological innovation and intellectual property, ensuring a robust portfolio that drives value in emerging markets.

    Before joining Inflexor, Doshi honed her skills at PwC India, where she worked for over six years, advancing to the position of assistant manager. Her prior experience also includes a significant role at Borkar & Muzumdar as an audit executive, which laid the groundwork for her expertise in finance.

    Doshi’s appointment comes at a pivotal time for Inflexor Ventures as it continues to identify and support startups at the seed to Series A+ stages. With her extensive background and commitment to driving innovation, Parmi Doshi is poised to play a crucial role in shaping the future of investments at Inflexor Ventures. 

  • Anuj Tandon joins venture capital firm Bitkraft Ventures as partner

    Anuj Tandon joins venture capital firm Bitkraft Ventures as partner

    MUMBAI: When Anuj Tandon announced his departure from the Rajan Navani-owned JetSynthesys  as CEO of its gaming division the question on every one’s mind was, where was he headed. Well, a short while ago he announced that he was back to doing what he does best: finding new studios and startups in gaming and interactive media by joining as a partner in one of the largest gaming and interactive media venture capital firms  globally, Bitkraft Ventures, leading its India initiatives. 

    Said he on Linkedin: “One of the biggest ecosystem gaps in emerging and new markets like India and Mena  in gaming and  interactive media is the lack of a peer network of founders and  mentors who push you to become better. Bitkraft  has  deep global expertise in this sector and 100-plus  portfolio companies and global mentor network and team –  I am pretty sure Indian entrepreneurs  will benefit immensely with Bitkraft India presence and localised strategy.”

    Each of Bitkraft’s investments, the company says, are contributing to the construction of the virtual worlds and economies of tomorrow.

     

  • Taki introduces official app on Google Play Store to improve user experience

    Taki introduces official app on Google Play Store to improve user experience

    Mumbai: Global web3 social networking platform Taki has announced the launch of its Android app to further boost its expansion. This development comes at a time when Taki claims to have surpassed the milestone of having half a million users globally. Taki is aiming to further increase its audience by making its services more accessible and user-friendly. With the launch of its Android app, users can access their Taki account on Android smartphones. As part of this, Taki has released important features to improve the user experience. These features strengthen the platform’s security and make it simple to follow the movement of user coins, known as $UCOIN.

    Taki co-founder Sakina Arsiwala said, “Our constant endeavour to make our platform more user-friendly motivated us to introduce an Android app for Taki. We aim to provide our users with a platform that offers a streamlined user interface, a fast load time and the ability to customise the content.”

    Taki has introduced coin profile pages to track any user’s coin performance under multiple metrics such as the share of owners, annual percentage rate (APR), coins in circulation, the total number of supporters, etc. Another key addition is the new interface on Taki, which showcases a top coin leaderboard. It highlights the top 10 users who are holding the coins with the highest value against $TAKI over the previous seven days. Fellow community members and creators on the platform can now reward both a content creator’s post and the related comments with a gold Taki. Overall, it enhances the engagement level on the platform and provides additional motivation for community members to demonstrate appreciation for their favorite content creators’ posts.

    Taki is offering the opportunity for people to own their unique and desired $UCOIN (usercoin). They can now access Taki without delay to register before anyone else takes their desired name. A $USERCOIN will be created once a particular individual completes verification on the platform. The company claims over 4,68,541 unique user coins have been generated so far with an active user base of 5,59,705 active users.

    “Seeing such a positive response from the community has been rewarding. The user experience drives us to keep improving the product. We believe that Taki will be the first-of-its-kind in bridging the gap between the everyday internet user and Web3, especially with India’s ever-growing potential in the crypto ecosystem,” said SuperLayer Venture Partner Saad Rizvi.

  • Snapdeal.com looks at inorganic expansion

    Snapdeal.com looks at inorganic expansion

    MUMBAI: Snapdeal.com has appointed Abhishek Kumar as its corporate development head. Kumar comes with a vast experience in venture capital investments, strategic partnerships, business management and M&A in technology and media businesses.

     

    Kumar said, “I feel fortunate to be a part of the young, energetic and dynamic team at Snapdeal. The platform is a remarkable example of a successful home-grown e commerce brand in India. I am extremely thrilled and excited to be a part of this company and contribute to its development going forward.”

     

    At Snapdeal, he will be responsible for acquisitions, investments and deep partnerships that can lead to mergers for the e-commerce giant. He will look at all avenues of inorganic expansion as Snapdeal moves towards the next phase on the back of heady organic growth over the last three years.

     

    “This is a very exciting phase for the e-commerce industry and we are seeing tremendous opportunities of discontinuous growth in the market. We recognise that no company can do everything well by itself, and hence we would look forward to working closely with the burgeoning ecosystem of entrepreneurs and venture capitalists in India to build deep partnerships. Abhishek with his rich and diverse experience in venture capital and business management brings the necessary skills to take Snapdeal into newer orbits of success through strategic partnerships.” said Snapdeal co-founder Kunal Bahl.

     

    In his last assignment, Kumar was investments head at Palaash Ventures where he led the investment team in deploying early stage capital in consumer internet, SaaS, Ad-tech, hardware and e-commerce enablers. He was earlier with TV18 Broadcast, leading the new ventures function for the media group.