Maestro Realtek proudly announces its partnership with the iconic real estate brand, VASCON, for their new projects in Talegaon and Kharadi

Maestro Realtek, an established strategic partner in the real estate sector, proudly announced its partnership with VASCON, one of the prominent real estate brands. This partnership is focused on VASCON’s upcoming residential project in Katvi, Talegaon, and the commercial project in Kharadi, Pune. Both the projects are being launched with project revenue of approximately Rs. 290 Crores and 4, 15,780 Sq. Feet saleable area.

The residential project by VASCON is located on the proposed Talegaon 80 M DP Road, merely 5 minutes from Talegaon railway station, and near the beloved hill station of Lonavala. This residential project is spread across 3 Lakh square feet and aims to fulfill homebuyers’ dreams. Spanning across 10 acres of land, the project is a premium township featuring 5 acres of open space and 5 nearly completed towers with a project revenue of Rs. 150 Crore.

On the other hand, the commercial project by VASCON, situated at Kharadi next to the EON IT park, is one of Pune’s most premium commercial locations. The project revenue is approximately Rs. 140 crores, with a total saleable area of 115,780 sq. Ft. The project, spread across 0.9 acres, has been developed by VASCON Engineering, boasting a premium building elevation, ample parking space, and world-class amenities.

 

Speaking on the partnership with VASCON, Mr. Nitin Gupta, Founder & Managing Director of Maestro Realtek, said, “We are proud to have been associated as a strategic partner with the VASCON group, which is one of the top brands in the real estate sector. We are certain to put in our planned expertise to elevate the branding of VASCON residential as well as commercial projects. It is a great opportunity to be able to advocate for such esteemed projects. The Talegaon residential project is one of the best residential projects with all the amenities and is situated in a highly demanding and natural scenic location. Simultaneously, the VASCON commercial project is at one of the finest locations in Pune, making it an excellent business investment. We are excited to bring in some great projects in the residential as well as commercial sectors of real estate in Pune and Talegaon.”

 

Given the connectivity of VASCON’s residential project, it is situated just 5 minutes away from Talegaon railway station, with a mesmerizing view. The project spans 10 acres of land with 5 acres of open space, offering premium lifestyle amenities. The project has 5 nearly possession-ready towers and 5 proposed upcoming towers, totaling 200 units of 1 BHK and 2 BHK flats. VASCON residential is claimed to be a project with one of the largest open spaces and a sunset hill view, providing extreme luxury to any homebuyer. The lifestyle amenities of the project include a daycare center, Cricket pitch, Club House, Temple, open gym, garden, relaxation enclave, and many more.

The commercial project by VASCON, located in EON IT park Kharadi, is considered the available business investment for any commercial space investor in Pune. The project will feature an Ultra-luxury designer multi-height lobby, unique levels of security, and 100 percent power backup. Its strategic connectivity within 20 minutes from Pune airport adds to its appeal. The commercial space will also include rooftop cafeterias, high-speed elevators, and much more.

Maestro Realtek continues to be committed to delivering transformative real estate ventures that redefine industry standards. Their dedication to innovation, expertise, and strategic vision cements their position as the go-to strategic partner for significant real estate projects like VASCON.

FIIB Admissions 2024: Invites Applications For Fellow Programme in Management (FPM)

Fortune Institute of International Business (FIIB), a renowned business school in New Delhi, has announced the opening of admissions for 2024 for its flagship doctoral program – Fellow Programme in Management (FPM). Approved by the All-India Council for Technical Education (AICTE), the FPM course is designed to cater to the research and academic needs of innovative, dynamic, and focused individuals aspiring to advance their careers in teaching, research, or the corporate sector with an advanced research degree in management.

As one of the first Indian Business Schools to be awarded associate membership of the European Doctoral Programmes Association in Management & Business Administration (EDAMBA) and a proud member of AACSB—Association to Advance Collegiate Schools of Business—FIIB is known for offering a world-class education that meets the evolving needs of the industry. The Fellow Programme in Management (FPM) at FIIB provides a comprehensive academic journey to equip scholars with advanced research acumen and specialized knowledge. Key highlights include opportunities to learn and teach business management, conceptualize and publish scholarly work, and collaborate with experts in the field. With a strong supervisory team and a global perspective, the program prepares candidates for diverse career opportunities in academia and industry. Additionally, scholarships are available for three years, making this program accessible and rewarding for aspiring scholars.

Dr Purnima Rao, Program Chair-FPM, FIIB, remarks, “The FIIB PhD Programme aims to enhance your capabilities by providing top-notch training, hands-on experience, and expert guidance to lay the groundwork for a thriving career in business academia. In our dedicated Ph.D. program, scholars benefit from close bonds with faculty, advisors, and peers, fostering strong academic and social connections.”

 

Inviting scholars to participate in research for the intelligent future, Dr. Kokil Jain, Dean of Research & Outreach, FIIB, emphasized, “FIIB faculty are deeply committed to your well-being, training, and development to help you become an outstanding scholar in your field and to place you among the best academic departments worldwide.”

 

Key Highlights of FIIB FPM / Ph.D

 

  • Duration – 3 Years
  • Time Commitment – Full-time and year-round engagement
  • Ideal For- Fresh graduates who want to prepare themselves for research and teaching careers in academia
  • Research Focus: Research is focused and specialized in a single discipline and aimed at achieving theoretical rigour.
  • Post-Program Trajectory: Graduates are trained to become full-time faculty or academicians primarily focusing on academic research.
  • Work Experience – No work experience is required; Academic requirements exist
  • Fee Structure: Rs 50,000 for each year.
  • Financial Support: In the first year, scholars will receive Rs. 40,000 per month, followed by Rs. 45,000 per month in the second year, and an impressive stipend of Rs. 50,000 per month in the third year!

 

  • Last date to Apply – 15th June 2024

 

Application requirements

  • Education

Master’s Degree or equivalent in Engineering and Technology/Management/ Economics/Social Science/ Biological Science/Pure Science/ Commerce/ Humanities with at least 60 percent marks or equivalent grade points from an institution/ university recognised by AICTE.

Or

Five-year integrated master’s degree in business administration, tourism management, business economics, commerce or allied domains related to business and management with at least 60% marks or an equivalent grade point from an institution/ university recognized by AICTE.

Or

A graduate degree with professional qualifications like CA, CS and ICWA.

Or

A bachelor’s degree in engineering or technology with a minimum of 60% marks or equivalent grade point average. Those in the final year of their engineering degree may also apply.

  • Aptitude Exam

JRF/NET by UGC or CSIR* or CAT/MAT/GMAT/XAT/ATMA or Research Aptitude Test (RAT) conducted by FIIB

The application should consist of:

  • Application Form
  • An Updated CV
  • A 3000-word Research Proposal
  • A Motivation Letter
  • A Research Aptitude Test Score
  • Personal Interview

For more information on admissions and application procedures, please visit  https://admissions.fiib.edu.in/ or contact infodoctoralprogram@fiib.edu.in.

Muthoot Microfin Limited Raises USD 75 Million via ECB

Muthoot Microfin Limited (NSE: MUTHOOTMF, BSE: 544055), a leading Indian microfinance institution, has announced a syndicated social term loan of USD 75 million in the form of an ECB (External Commercial Borrowing). The deal was participated by Standard Chartered Bank, Doha Bank, RakBank (National Bank of Ras Al Khaimah), Union Bank of India (UK) Ltd., and Canara Bank, GIFT City.

Standard Chartered Bank was the sole arranger of the funds and acted as the Social Loan Coordinator for the transaction – helping Muthoot Microfin put in place a Social Financing framework which carries a Second Party Opinion from S&P Global. The USD 75 mn social loan facility has a greenshoe option of USD 25 million and the funds raised will be utilized for on-lending and financing of eligible social loans.

The loan has been tied up for a 3 years and 3 months tenor and benchmarked to a 3-month Term SOFR (Secured Overnight Financing Rate) with a margin of 2.85%, which will be serviced at a quarterly frequency. The facility is fully hedged for principal and interest without any forex risk to the company. Additional banks are expected to join later through the greenshoe portion.

Muthoot Microfin Limited’s first large External Commercial Borrowing comes with a flexible drawdown option scheduled for the first quarter of the next financial year. This milestone facility forms a crucial part of its diversification strategy, aligning with the Reserve Bank of India’s (RBI) heightened emphasis on diversifying Non-Banking Financial Companies’ (NBFC) funding sources.

The long-term nature of this funding not only enhances the company’s Asset and Liability Management (ALM) position but also significantly reduces the cost of fund. Leveraging the Secured Overnight Financing Rate (SOFR) for funding ensures a cost advantage over domestic bank funding.

Speaking on the fundraise, Mr. Sadaf Sayeed, CEO, Muthoot Microfin Limited, said, “We are proud to announce this ECB and are grateful to all the participants for their positive response. This development enables us to not only diversify our source of funds but also create and sustain an attractive position in the international market. The ECB will further our business objectives as we plan to utilise the fund towards facilitating microfinance loans across geographies. This strategic move not only opens avenues for international partnerships but also introduces the MFI sector to diverse international banking entities across different geographies.”

Lenskart launches upcoming French eyewear brand Le Petit Lunetier in India

Lenskart launches upcoming French eyewear brand Le Petit Lunetier in India
The brand is the first international addition to Lenskart’s umbrella and strengthens Lenskart’s positioning
in the premium eyewear segment.
Lenskart has launched the upcoming French eyewear brand, Le Petit Lunetier, as an exclusive partner in
the India market. The launch marks the first international addition to Lenskart’s umbrella and follows an
equity investment in September 2023 by Neso Brands, a Singapore-based house of brands specialising in
eyewear and part of the Lenskart Group.
Founded in 2015 by former Google executive Jérémie Encaoua and optician Elie Attias, Le Petit Lunetier is
an upcoming Paris-based, omni-channel eyewear brand that offers fashionable and iconic designs in
high-quality. The brand has experienced strong growth in recent years thanks to successful store network
expansion and a robust social media following (e.g., over 200,000 followers on Instagram). Given Indian
consumers’ evolving desires towards global on-trend fashion, the launch reflects Lenskart’s ongoing
commitment to catering to these growing needs by providing consumers access to emerging international
brands and designs, straight to their doorstep.
Le Petit Lunetier promises sophistication in every frame, with statement designs crafted out of material
ranging from glossy acetates, sleek stainless steel to innovative hybrid materials. With a captivating array
of elegant colours ranging from clear crystal to deep blacks and chic demis, there’s something to suit
every style preference.
The brand’s frames are designed in Paris and meticulously crafted to the highest standards, ensuring both
durability and comfort with every wear. Whether you’re navigating the bustling streets of Mumbai or
lounging in a quaint café in Paris, they will be your faithful companion, effortlessly blending style and
luxury.
“We are excited to be the exclusive partner for Le Petit Lunetier in India. This launch represents a
significant step ahead in offering unparalleled choices to consumers in the eyewear industry,” said
Peyush Bansal, CEO and Co-Founder of Lenskart. “Le Petit Lunetier’s up-and-coming brand status
and design expertise, coupled with Lenskart’s extensive distribution network and deep understanding of
the Indian consumer, together create a powerful synergy for us to cater to a fashion-forward audience
seeking globally-inspired eyewear.”
Jérémie Encaoua, co-founder of Le Petit Lunetier, commented: “We are very excited to enter the
Indian market with Lenskart as a strategic partner and introduce our brand to the Indian consumer. This
launch will move us one step closer to achieving our global expansion goals beyond our core markets.”
Le Petit Lunetier is now available across 50 Lenskart stores in India as well as online via the Lenskart
website.

Gutenberg Wins Leading Tech-Powered Accounting Firm FinAdvantage As Client

FinAdvantage, a leading tech-powered accounting firm of over a decade has partnered with Gutenberg, a global award-winning integrated Digital marketing agency, to build its brand identity and solidify their thought leadership on a global scale.

FinAdvantage, founded by KPMG and EY veterans offers tech-enabled accounting solutions to prestigious clientele that includes Microsoft, Sequoia Capital, Fujitsu, TechMahindra, Jones Lang LaSalle, RP-Sanjiv Goenka Group, GoIbibo, Flipkart and more.

Commenting on the partnership, Ganesh Ramkumar, Chief Revenue & Growth Officer at FinAdvantage, said, “Navigating a competitive market demands a strong brand identity. That’s why we are thrilled to partner with Gutenberg’s global expertise. Their ability to craft compelling narratives and build brand differentiation is invaluable for our global growth plans in the years to come.”

Harjiv Singh, Founder & CEO of Gutenberg, shared his thoughts on the collaboration: “FinAdvantage exemplifies forward-thinking innovation in accounting.  We are excited to partner with them, to develop their brand identity that showcases their thought leadership and establishes them as a trusted resource within the financial services landscape.”

This strategic partnership will leverage Gutenberg’s proven content marketing expertise to create high-impact content that educates and engages FinAdvantage’s target audience, ultimately positioning them as a thought leader within the accounting industry.

VCs to Lookout for in the Sports-Tech Industry

A dynamic fusion of sports and technology introduces a diverse range of innovations aimed at improving performance, interaction, and overall enjoyment in sports. From wearable devices tracking vital advanced analytics to platforms revolutionizing player assessments, the field is experiencing rapid evolution and creativity. Investing in the sports-tech sector presents an enticing prospect where technology and sports intersect, promising substantial returns and societal influence. Opportunities abound, whether in supporting startups creating innovative fitness monitoring devices or backing enterprises reshaping fan interaction with virtual reality innovations. Across the sports tech spectrum, avenues for investment diversification are plentiful, offering potential for financial growth alongside contributions to the evolution of sports and entertainment experiences. Here is a rundown of VCs to lookout for in the Sports-Tech and Industry –

 

  1. Centre Court Capital – Centre Court Capital is a Venture Capital fund that has set its sights on bolstering India’s sports tech and gaming ecosystem. It will invest in sports tech, an evolving space that is bringing to life data that arms the sporting ecosystem with deeper and smarter insights – empowering athletes, engaging fans, and providing immersive viewership experiences that transform entertainment in sport. It will also invest in the gaming and eSports space where innovations in technology are lowering the entry barriers to game development and making content more accessible globally. With a new age of entrepreneurs from India building in the space, Centre Court Capital will back game developers, creators, and game tech infrastructure companies. Centre Court Capital merges a rare combination of deep operating and investing experience for its sectors, enabling it to bring a level of depth and understanding that is unparalleled in the market.

 

  1. Kalaari Capital – Kalaari is a $160 million venture capital fund with a strong advisory team in Bangalore investing in early-stage, technology-oriented companies in India. ​​It is an early-stage, technology-focused venture capital firm. They invest across Seed and Series A startups and empower visionary entrepreneurs to build unique solutions that reshape the way Indians live, work, consume and transact. Kalaari Capital invests in the unknown Indian entrepreneur who is poised to become tomorrow’s global leader. They are India’s leading investor in early-stage businesses, nurturing them through every aspect of growth on the transformative journey toward success.

 

  1. Kae Capital – Kae Capital is an early-stage venture capital fund that invests in technology startups across various sectors, including sports tech. They have backed companies such as Dream11, a fantasy sports platform, which has become one of India’s most successful sports tech startups. Kae Capital is a pioneer of early-stage investing in India, focused on tech startups, and has been investing in India for 10+ years. Founded in 2012, and based out of Mumbai and Bengaluru, Kae is a sector-agnostic fund that invests in pre-seed to pre-series A stages. Kae partners with passionate founders and teams, building for Indian and global markets. Kae aims to be an all-weather partner to its portfolio founders, enabling them to build enduring companies.

 

  1. SucSEED Indovation – SucSEED Indovation supports early-stage deep tech & tech driven startups providing solutions to the large scale needs of India and with potential to serve global emerging market needs too. With decades of experience building the venture capital ecosystem, they leverage their wide network to grow companies, build a solid foundation and help them with funding, strategic and operating support, providing critical connections, and securing growth. SucSEED Indovation offers access to capital for deep tech startups to scale and grow. SucSEED supports early-stage deep tech and tech-driven startups providing solutions to the large-scale needs of India and with the potential to serve global emerging market needs too.

 

  1. Blume Ventures – Blume Ventures provides pre-series A and early stage funding to tech-focused/tech-enabled ventures. They are typically the first institutional investors in their portfolio companies and invest for about 8-10 years. They are proponents of a collaborative approach and like to co-invest with like-minded angels and seed funds. They then provide follow-on investments to their stellar portfolio companies. Theypartner with the founders at a very early stage, helping them achieve product-market fit and power through the first point of scale. They bring in capital and counsel, but more importantly, we bring our conviction.