Lemonn Has Acquired Over Five Lakh Users In The First Five Months Of Its Launch

Around 36% of the total users are first-time investors

India, September 11, 2024: PeepalCo’s investment app, Lemonn has acquired five lakh users in the first five months of the launch. Designed to simplify investing for first-time investors, Lemonn offers options to invest in mutual funds, direct stocks, IPOs, and trade in Futures and Options (F&O).

“At Lemonn, our goal is to make investing simple and accessible for everyone. Reaching five lakh users in just five months is a strong indicator that we’re on the right path. We’ve designed our platform to empower young individuals to take advantage of the investing opportunities and secure their financial future,” said Ashish Singhal, Co-founder, Lemonn.

“As we move forward, we’ll continue to enhance the user experience while staying committed to our mission: making financial opportunities equal for all,” he added.

The platform’s intuitive design and valuable features have strongly appealed to investors, with about 36% of total users being first-time investors. About 68% of these investors are from tier 2 and 3 cities and 65% of the users are between the age group of 18-25 years, showcasing the app’s effectiveness in catering to a diverse audience. Ahmedabad, Jaipur, Bardhaman, Nadia and Murshidabad are among the top 10 cities for the platform.

Commenting on the milestone, Devam Sardana, Business Head, Lemonn said “We are thrilled and deeply grateful for the warm reception Lemonn has received, especially as a late entrant in such a competitive market. A substantial portion of our user base consists of first-time investors, presenting us with the opportunity to build long-term relationships. The trust our users have placed in us motivates and drives us to consistently deliver exceptional service.”

Lemonn offers zero maintenance and account opening fees, with the additional benefit of zero brokerage for one month for new users.

Lemonn Has Acquired Over Five Lakh Users In The First Five Months Of Its Launch

Vivek Oberoi’s 66-Carat Lab-Grown Diamond Offering Kicks Off Solitario’s BLING BETTER Tour

With the Ganesh Aarti, Vivek Oberoi marks the inauguration of Solitario’s ‘Bling Better’ India Tour

India, 9^th September: In a momentous event today, Bollywood actor and co-founder of Solitario Lab-Grown Diamonds, Vivek Oberoi, humbly presented a 66-carat tilak, complete with 68 lab-grown diamonds to Sri Dagadusheth Halwai Ganpati, the most revered Ganpati Mandal in Pune. This ceremonial offering, held during the Ganpati Aarti, commemorates the 133-year legacy of the Ganpati Mandal and marks the beginning of Solitario’s ‘Bling Better’ India Tour this September.

Vivek Oberoi, accompanied by Ricky Vasandani, CEO and Co-Founder of Solitario Lab-Grown Diamonds, sought Bappa’s blessings during the Aarti. Speaking on the occasion, Oberoi expressed his gratitude, saying, “We started with humble beginnings in Pune, and have now scaled to over 7 countries and 21 cities across the globe, which could not have been possible without Bappa’s grace. As Solitario continues on its path of growth, we seek Bappa’s blessings again to help us reach newer heights.”

Solitario Lab-Grown Diamonds which was one of the first jewellery brands from India to be featured on the Burj Khalifa in Dubai,  has established itself as a leader in the eco-friendly, conflict-free diamond industry. With a strong presence across key Indian cities, including Pune, Goa, Mumbai, Lucknow, Chandigarh, Hyderabad, Bangalore, and Chennai, Solitario also boasts international stores in Spain, the Bahamas, Nigeria, Malaysia and Dubai.

As the Brand Ambassador and Co-Founder, Vivek Oberoi plays a pivotal role in the brand’s growth alongside Co-Founders Ricky Vasandani and Satish Daryanani. The ‘Bling Better’ tour will see Oberoi visiting Pune, Bangalore, Chennai, and Delhi, where he will oversee festive preparations, store efficiencies, and go-to-market strategies ahead of the upcoming season.

Speaking about the brand’s extensvie festive schedule, Ricky Vasandani added, “Solitario is committed to redefining how Indian customers experience diamonds. From our thoughtful designs and unmatched quality to our exceptional value offerings, we’ve crafted a unique identity that resonates with modern, eco-conscious consumers. Our lab-grown diamonds represent luxury that is both timeless and ethical, designed to be cherished for a lifetime. With Vivek visiting the stores during his tour, our zeal to continuously deliver unique offerings to our customers has been renewed.”

As part of the tour, Vivek Oberoi and Solitario will host a Diamond Party at Phoenix Marketcity, Bangalore, followed by a Diamonds and Denim Party at Phoenix Palladium in Chennai.

Vivek Oberoi’s 66-Carat Lab-Grown Diamond Offering Kicks Off Solitario’s   BLING BETTER Tour

Strengthening The Protection Of Sanatan Dharma : A Meeting Of Inspiration And Commitment

Mumbai : An inspiring meeting was held to address the vital topic of protecting Sanatan Dharma and fostering unity within the Hindu community. Prominent social activist Kajal Hindustani, along with Dr. Ramkumar Pal, the Executive Chairman of the Prime Minister’s Self-Reliant India initiative, and Gaurishankar Chaube, President of the Dwarkamai Charity Organization, came together to discuss strategies for organizing and strengthening the Hindu society.

During the event, Kajal Hindustani was honored with a statue of Lord Ram, presented by Ramkumar Pal, symbolizing the deep-rooted values of Sanatan Dharma and the community’s commitment to preserving its rich cultural heritage. This gesture underscored Kajal’s significant contributions to promoting Hindu unity and her tireless efforts in advocating for social justice.

Ramkumar Pal, known for his leadership in empowering communities through the Self-Reliant India initiative, emphasized the importance of economic development as a means to protect cultural values and traditions. He shared insights on how self-reliance can strengthen the Hindu community, encouraging members to support local businesses and initiatives that align with their cultural identity.

Gaurishankar Chaube also participated in honoring Kajal Hindustani, praising her dedication to uplifting the community and inspiring others to engage in meaningful dialogue and activism. He highlighted the need for collective action in safeguarding the principles of Sanatan Dharma, emphasizing the role of charity and social work in building a stronger society.

The discussions revolved around how the Hindu community can unite to address contemporary challenges while remaining steadfast in their cultural identity. The leaders highlighted the need for grassroots movements, collaboration among various organizations, and the involvement of youth in promoting the values of Sanatan Dharma.

The meeting concluded with a strong commitment from all attendees to work together towards these goals, recognizing that a united effort is essential for the preservation and protection of Sanatan Dharma in today’s society. The gathering served as a powerful reminder of the collective responsibility each individual has in fostering a vibrant and organized Hindu community.

 

Strengthening The Protection Of Sanatan Dharma : A Meeting Of Inspiration And Commitment

Coinswitch Introduces Exclusive Crypto Investment Solution For HNIs And Institutional Investors

CoinSwitch, India’s largest crypto trading platform, announces the launch of its specialized crypto investment services tailored for High Net-Worth Individuals (HNIs) and institutional investors. This new offering will cater to the sophisticated needs of investors.

The new service is designed to provide HNIs and institutions with access to premium crypto investment opportunities, personalized advisory, and robust risk management solutions. Some of the key features include:

*Tailored Investment Strategies: CoinSwitch’s team of experts will work closely with users 24×7 to develop customized investment strategies that align with their financial goals, risk tolerance, and market outlook.

*Dedicated Account Management: Each user will have access to a dedicated account manager who will provide ongoing support, market insights, and timely updates to optimize the user’s investment portfolio.

*Professional Tax Filing Assistance: Users will be able to opt for professional tax filing services.

*Institutional-Grade Security: CoinSwitch ensures the highest levels of security with state-of-the-art encryption, secure custody solutions, following all the regulatory standards to ensure safety of user funds.

*Exclusive Market Access: Users will gain early access to new products and services.

Commenting on the announcement, Balaji Srihari, Business Head, CoinSwitch “Following the recent approval of BTC and ETH ETFs in the U.S., institutional interest in the global crypto space has surged, and we expect this momentum to extend to the Indian market. We’re already witnessing a growing demand for sophisticated investment solutions among HNIs and institutions. With the new offering, we aim to provide a secure, customized, and professional approach to crypto investing, equipping our users with the tools and insights they need to navigate this dynamic market confidently.”

CoinSwitch is reaffirming its commitment to innovation, security, and customer satisfaction by providing a dedicated service for HNIs and institutions.

For more information, please visit: https://coinswitch.co/crypto-investing-for-hnis-and-institutional-investors

Coinswitch Introduces Exclusive Crypto Investment Solution For HNIs And Institutional Investors

Ayekart Accelerates Growth, Records Strong Results For FY 2023-24

~Processed over six lakh transactions, onboarded more than 40,000 merchants, and operates in over 220 pin codes across 19 states

Mumbai, 28^th, August 2024: Ayekart, an agri and food supply chain platform focused on empowering businesses and supporting communities with technology, embedded finance, and value-added services—particularly for FPOs and MSMEs—has announced its robust financial results for FY 2023-24. Since its inception in December 2020, the company has processed over six lakh transactions, onboarded more than 40,000 merchants, and operates in over 220 pin codes across 19 states.

The company’s audited financial performance approved by the board highlights its significant growth, as demonstrated by its strong financials. Gross margin increased substantially from Rs.19 Cr to Rs.45.10 Cr in FY23-24, marking a compound annual growth rate (CAGR) of 379% from Rs.3.13 Cr in FY 2021-22. In FY 2023-24, EBITDA surged to Rs.17.64 Cr, up from Rs.5.97 Cr in FY 2022-23 and Rs.1.02 Cr in FY 2021-22, indicating a CAGR of 415%. Profit Before Tax (PBT) rose from Rs.0.18 Cr in FY 2022-23 to Rs.1.49 Cr in FY 2023-24, while Profit After Tax (PAT) increased from Rs.0.08 Cr in FY 2022-23 to Rs.1.17 Cr in FY 2023-24. The Gross Transaction Value (GTV) for FY 2023-24 reached Rs.1,558 Cr, up from Rs.657 Cr in FY 2022-23.

In the past six months, Ayekart raised ~Rs.54 Cr in equity, including ~Rs.45 Cr in primary funding and ~Rs.9 Cr in secondary funding from venture capital, bolstering its expansion initiatives.

Debarshi Dutta, Co-Founder & CEO, stated, “Our remarkable growth reflects our strong commitment to leveraging technology and forming strategic partnerships that empower businesses across the food and agri value chain. At Ayekart, we provide comprehensive support in capacity-building for farmers and FPOs while creating both backward and forward linkages for manufacturers and processors to enhance market access and operational efficiency. Through our platform, we are focusing on building a robust distribution and retail network to reach the last mile. This integrated approach drives productivity, fosters sustainable growth, and significantly impacts lives and livelihoods.”

 

Ayekart Accelerates Growth, Records Strong Results For FY 2023-24