Fintech PR

Yodaplus: Accelerating Indian Startup Boom with Groundbreaking Tech Enablement

Published

1 year ago

July 3, 2023

yodaplus:-accelerating-indian-startup-boom-with-groundbreaking-tech-enablement

Mumbai-based technology company Yodaplus is accelerating the expansion of the Indian startup landscape through strategic and innovative tech enablement

MUMBAI, India, July 3, 2023 /PRNewswire/ — With a comprehensive suite of services that help startups scale and thrive globally, Yodaplus is at the forefront of India’s tech startup boom.

India is fast emerging as the Silicon Valley of Asia with its booming startup ecosystem fostering innovation, driving economic growth, and creating new-age job opportunities. Catalyzing this growth and making India a hotbed of innovation are companies like Yodaplus.

By providing comprehensive digital transformation services, Yodaplus offers startups the much-needed technological edge to survive, scale, and thrive in a competitive marketplace. The company assists startups from the ground up, from fundraising to scaling.

Catalyzing Startup Success

The Indian startup ecosystem has been growing exponentially over the last five years. The number of startups in India increased from 445 in 2016 to a staggering 86,713 in 2022, as per a report by the government of India.

Companies like Yodaplus are becoming the support structure for these budding startups that usually begin with lean resources. They provide the support and leverage needed to survive in a competitive market and reach their potential.

“A quote I heard many years ago really stuck with me as I positioned Yodaplus to be a startup accelerator – an idea is only as good as its execution. Many startups in India have the right idea and vision but struggle to acquire the resources needed for full-scale execution. We supplement their operational and technological needs so they can execute as boldly and successfully as they ideate,” says founder Vishrut Srivastava.

Nutrify Today, a nutraceutical tech startup, is a fine example of how a technological pillar like Yodaplus can help a budding startup. Partnering with Yodaplus to build a robust digital platform, Nutrify Today raised seed funds of $500,000 from investor Dr Anand Swaroop. The platform now engages over 18,000 industry networks and aims to cross 450,000 by 2025.

TeamNest, an HR SaaS platform, is another such success story. Yodaplus’s technical expertise was crucial in building the HRMS platform from scratch. Financial services firm InCred Capital recognized the platform’s value, acquiring a 20% stake in TeamNest in a series A round and enabling it to expand its reach and enhance product offerings. Notably, Yodaplus’s MD, Vishrut Srivastava, is an investor in the startup.

Yodaplus also played a pivotal role in the success of IsEqualTo, an inclusive learning platform. Yodaplus not only assisted IsEqualTo in raising angel investment but also helped gain recognition through mentions in PM Narendra Modi’s esteemed Mann Ki Baat program.

These are a few of the many startups that reached their full potential because of the backing of a technological partner.

Yodaplus harnesses its experience and expertise to pave the way for startups to compete effectively in the digital age.

About Yodaplus

Yodaplus is a Mumbai-based IT services company that assists startups with the technical prowess needed to grow. Their client roster includes multilateral development banks, retail giants, blockchain companies, health tech startups, EdTech startups, and HRMS providers among others.

Although based in Mumbai, Yodaplus caters to a global clientele. With a strong foothold across India, Yodaplus is solidifying its presence in the US, UK, UAE and Singapore. MD Vishrut Srivastava brings a wealth of experience to the firm, his expertise instrumental in the growth and development of startups across various sectors.

For more information, visit yodaplus.com.

Media Contact:
Amit Pareek
Senior Manager – Marketing, Yodaplus Technologies Pvt Ltd
[email protected]

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Fintech PR

Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region

Published

1 day ago

November 24, 2024

CISION (PR Newswire)

wahed-appoints-khalid-al-jassim-as-executive-chairman-of-wahed-mena-to-help-guide-the-strategic-growth-of-wahed-in-the-region

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.

On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”

Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.

His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.

As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.

Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

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View original content:https://www.prnewswire.co.uk/news-releases/wahed-appoints-khalid-al-jassim-as-executive-chairman-of-wahed-mena-to-help-guide-the-strategic-growth-of-wahed-in-the-region-302314779.html

Fintech PR

Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed

Published

1 day ago

November 24, 2024

CISION (PR Newswire)

qatar-development-bank-announces-strategic-investment-in-global-islamic-fintech,-wahed

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.

Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.

Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.

Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”

About Wahed

For more information, visit: www.wahed.com

About Qatar Development Bank

Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.

For more information, visit: https://www.qdb.qa/

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View original content:https://www.prnewswire.co.uk/news-releases/qatar-development-bank-announces-strategic-investment-in-global-islamic-fintech-wahed-302314778.html

Fintech PR

China’s AIMA brand electric motorbike is now in Bangladesh

Published

2 days ago

November 23, 2024

CISION (PR Newswire)

DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.

In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.

Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.

AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.