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

Deltin Royale To Host IMMORTALS, India’s Premier Mega Poker Festival

August 22, 2024, India: Deltin, India’s premier luxury gaming and hospitality brand, announces the launch of the inaugural edition of ‘IMMORTALS’, country’s one of the largest mega poker festivals. The festival is set between August 22nd and September 5th, 2024, at India’s largest luxury gaming and entertainment destination, Deltin Royale-Goa. This spectacular event, powered by Adda52Live, features a diverse range of poker formats like Tournaments, Freerolls, Cash Games, & Leaderboard Showdowns and amazing prizes and giveaways worth ₹2.5 Crores; including iPhones, Apple Watches, MacBooks, Gold, Airpods, iPads, PlayStations and a lot more.

IMMORTALS is not just a poker event; it is a celebration of skill, strategy, and excitement. The festival is designed to attract both seasoned poker professionals and passionate amateurs, with a diverse range of formats like leaderboard, freerolls, cash games and tournaments catering to players of all levels providing many opportunities to demonstrate poker prowess and win incredible prizes. Deltin Royale is a legendary venue for the event which has a very rich poker heritage.

Mr. Manoj Jain, COO of Delta Corp Ltd, expressed his excitement for the festival and said, “With the first-ever edition of ‘Immortals’, our focus has been on creating an environment that challenges players, encourages their skills, and rewards the winners extraordinarily. In the poker community, Immortals is aiming to establish a new benchmark. This is not only about winning, but also enjoying the rush of competition and the satisfaction of becoming an expert player. We are thrilled to witness the finest poker players in India come together at Deltin Royale, as this poker festival represents our dedication to providing outstanding gaming experiences.”

The IMMORTALS Poker Festival promises an electrifying atmosphere with daily poker events for 15 days that keep the excitement alive. Deltin Royale is also known for its spectacular entertainment, delectable food & beverages, luxurious amenities and exceptional service. The festival will culminate on September 5th, with a grand finale where the top 50 performers on the leaderboard will be honored. In the conclusion to this epic event, mystery gifts will be revealed, adding an extra layer of intrigue and anticipation.

For more information about IMMORTALS and to register, please visit our website www.deltin.com/immortals or call on 90110 13514.

 

Deltin Royale To Host IMMORTALS, India’s Premier Mega Poker Festival

ANSR And Accenture Partner To Launch Unmatched Suite Of GCC Services, Accenture Invests In ANSR And Will Join Its Board Of Directors

Accenture invests in ANSR to launch suite of GCC Services, join its board of directors

India; July 26^th, 2024 –ANSR, a leader in developing strategic Global Capability Centers (GCCs), and Accenture, a leading global professional services company, have announced a strategic alliance to help clients design, set up, and optimize global teams for technology and business functions. Accenture also has made an equity investment in ANSR, and in connection with that investment, will join the company’s board of directors. The alliance combines ANSR’s expertise in building GCCs for Fortune 500 companies and others with Accenture’s extensive capabilities in enterprise reinvention. 

“We are excited to be embarking on the next phase of ANSR’s growth with our strategic alliance with Accenture. Accenture’s leading-edge solutions, C-suite partnerships and deep industry experience, perfectly complement ANSR’s position as a trusted partner for the Fortune 500 and others in building, managing, and scaling Global Capability Centers,” said Vikram Ahuja, co-founder of ANSR. “Now, together with Accenture, we’ll equip companies to reinvent their business models by scaling GCCs using a strategic ‘best-sourcing’ approach.” 

Founded in 2015 with headquarters in Dallas, Texas and significant operations in India, ANSR has pioneered the GCC space with end-to-end services offering businesses the opportunity to efficiently build, manage, and scale GCCs in talent-rich hubs. ANSR provides comprehensive, enterprise-ready solutions for talent, workspace, HR and GCC operations. 

“In today’s talent-challenged environment, GCCs have become an effective way for global organizations to tap into valuable, diverse talent networks, drive long-term growth and innovation, and ensure resilience – all while maintaining their distinct corporate cultures and values,” said Paul Jeruchimowitz, a senior managing director with Accenture Strategy. “Our collaboration with ANSR builds on our global technology, talent and industry capabilities with specific services tailored to companies looking to take advantage of a GCC as part of their talent strategy.”  

The services will be underpinned by Accenture’s technology, data and AI-powered capabilities and innovation architecture to help clients run their GCCs as effectively as Accenture has operated its own global delivery centers, enabling global organizations to tap new sources of talent, accelerate their reinvention efforts and drive growth.  

About ANSR

ANSR, an Accel Ventures portfolio company is the market leader in enabling organizations to build, manage and scale global teams through Global Capability Centers (GCCs). ANSR’s suite of end-to-end AI-enabled products and services are trusted by the world’s best companies to help them setup, manage and run their high-impact technology centers. Since its inception, ANSR has established over 120 GCCs aggregating to over 180k enterprise talent with over $2B in investment and using over 12M sq ft of workspace. Visit ansr.com for more information.

ANSR And Accenture Partner To Launch Unmatched Suite Of GCC Services, Accenture Invests In ANSR And Will Join Its Board Of Directors

Start Your Business Journey In INDIA With Confidence!

Download Our FREE E-Book: “Comprehensive Guide to Setting Up a Business in India”

Ready to turn your business idea into reality? Our e-book is your ultimate roadmap to navigate the complexities of setting up and growing your business in India.

What You’ll Get Inside:

Step-by-Step Registration Guide: Simplified process to register your business

Legal & Regulatory Checklist: Stay compliant with all necessary regulations

Taxation Essentials: Understand the tax landscape and save money

Business Structure Tips: Choose the best structure for your business

Growth Strategies: Proven tactics to scale your business successfully

Exclusive Offer:

Get a personalized guided call with our expert consultants for just Rs 299! This limited-time offer is designed to provide you with tailored advice and actionable insights to kickstart your business journey.

Don’t Miss Out on This Opportunity!

Download Your FREE E-Book Now!

https://tally.so/r/mZVzqe/

Secure Your Expert Consultation for Just Rs 299!

https://rzp.io/l/wxfrJdlv6g/

Transform your business dream into reality with the right guidance and resources. Act now!

Start Your Business Journey In INDIA With Confidence!

SURYA’S New Collection Of Lehengas Shines With Trendy Designs And High-Quality Craftsmanship

New Delhi, April 29, 2024 – With the start of the summer wedding, House of Surya, India’s leading fashion brand, dazzled the fashion world with its exotic new bridal collection of Lehengas. Surya unveiled its latest aspirational collection recently at a Fashion event in Delhi.  The brand presented its summer wedding lehengas which goes beyond the grand success of the previously launched collection – the ‘Sajda’ Bridal Lehenga Collection.

House of Surya’s latest collection of Lehengas epitomizes elegance and craftsmanship. The exquisite pieces showcase a perfect blend of tradition and contemporary aesthetics. Outfits in attractive colours have been crafted with meticulous attention to detail.

“The first variety of outfits under the new collection of Lehengas have been crafted from crafted from luxurious net fabric and we boast intricate Franch note work that adds a touch of sophistication. The delicate embellishments of sequins further enhance its allure, lending a mesmerizing sparkle to the attire. Furthermore, in the Organza pieces, the craftsmanship reaches new heights with a plethora of embellishments. The Organza Lehengas features a rich combination of Cutdana, zari, sequins, crystals, and pearls, creating a dazzling display of opulence and finesse. Each element is intricately placed to create a harmonious visual symphony, captivating the onlooker’s gaze,” said Mr Raghav Mittal, Chief Creative Director and MD, Surya.

Similarly, another range of Organza Lehenga exudes timeless beauty with its meticulous craftsmanship. Adorned with Cutdana, sequins, silver zari, crystals, and pearls, it exudes an ethereal charm that is bound to leave a lasting impression. “The careful placement of each embellishment ensures a balanced and captivating design, elevating the ensemble to a work of art,” added Mr Mittal.

With the growing popularity of summer weddings in India, Surya has planned a series of launches. Each new collection goes beyond previous avatars in terms of exclusivity, elegance, and craftsmanship.

“Summer weddings have become big in the last few years. Like earlier, most weddings used to happen during the winter time or used to happen during like after the month of August to September but now in the last four or five years what we are seeing is that there is a heavy flow of weddings happening during the summertime as well. Hence, we will be unveiling another Summer Collection soon,” said Mr.  Raghav Mittal who is known for blending his innovative and modern design creativity with his traditional fashion (family business) legacy from old Delhi’s Chandini Chowk.

With this trend in mind, Surya has come up with a new collection of Lehengas for summer weddings that is a perfect blend of trendy designs, high-quality craftsmanship, and beautiful colors. The new collection features multiple designs. Each piece reflects the brand’s commitment to excellence, making them a coveted choice for those seeking to make a statement with their attire.

Surya is renowned for its focus on the latest fashion trends, tastes, creativity, style, and innovations. The new collection of lehengas is a manifestation of these traits and Surya’s commitment to high-quality craftsmanship. Moreover, the fabrics used in the new collection are softer and lighter, such as organza and net, making them ideal for the summer wedding season. While silk shines colors better for deeper shades, lighter fabrics such as organza and net are more prominent in the collection, concluded the Chief Creative Director.

SURYA’S New Collection Of Lehengas Shines With Trendy Designs And High-Quality Craftsmanship