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Etrav Tech Ltd. Secures $3.9 Mn Investment Led by EaseMyTrip, Expanding Horizons and Propelling Innovation in Travel Tech Industry

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  Etrav Tech Ltd., headquartered in Mumbai, has recently secured a significant investment of $3.9 Mn (INR 33 Cr) in its second round of funding, led by EaseMyTrip. This strategic infusion of capital, spearheaded by EaseMyTrip, marks a pivotal moment for Etrav Tech, setting the stage for exponential growth and innovation. Specializing in providing comprehensive travel services to B2B travel agents nationwide, Etrav Tech covers a wide array of offerings including air tickets, hotel bookings, holiday packages, visa services, travel insurance, car rentals, and bus tickets. With a robust clientele consisting of over 40,000 + travel agents, 600 + distributors, and 700 + API/white label clients, the company primarily generates revenue from air ticket sales. Under Mr. Heniel Rupaarelia’s leadership, Etrav Tech has experienced exceptional revenue growth, exceeding 100% from FY 2021-22 to 2022-23. Recently, the company expanded its horizons by acquiring UAE’s Eagle Crest DMC, along with its subs
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Nium Appoints Banking Industry Expert, Alexandra Johnson, to Scale Global Banking and Payment Operations as Chief Payments Officer

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by Priya Jadhav Mumbai   –  22 April 2024  –  Nium , the leader in real-time cross-border payments, today announced the appointment of Alexandra Johnson as the company’s first Chief Payments Officer. With this newly-created position, Nium sets itself up to closer align itself with partners across the payments ecosystem. Johnson will work across Nium’s markets, leading the Global Banking and Payment Operations teams. She will report into Prajit Nanu, Co-Founder and CEO of Nium. In her role as Chief Payments Officer, Johnson will oversee strategy, day-to-day activities, and the evolution of Nium’s payments network team. She will manage and grow the Nium payments network, applying best practices and regulatory policies globally and will work with the Risk and Compliance teams in each market to enhance frameworks, build new relationships, and build upon the existing strength of the existing financial network of Nium. Her wealth of knowledge and expertise in the banking and payments space w
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Suraj Estate Developers Limited acquires freehold land admeasuring 1,073 square meters with GDV of Rs. 120.00 Crores

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April 2024, Mumbai: Suraj Estate Developers Limited, a leading real estate player focused on South Central Mumbai (SCM) market has acquired freehold plot of land admeasuring ~ 1,073.42 square meters situated off Lady Jamshedji Road, Mahim (West), Mumbai for a total consideration of Rs. 33.10 Crores. The project is a redevelopment project which entails redevelopment of 7 tenants/occupants who have vacated their respective premises and the plot is rendered vacant. After deducting the FSI required for rehabilitating the said tenants / occupants of the property and surplus area to be handed over to MHADA, the estimated balance carpet area available for sale is about 2,787 square meters (30,000 sq. ft.) with a GDV of Rs. 120 crores. Commenting on this, Mr. Rahul Rajan Jesu Thomas, Whole Time Director, Suraj Estate Developers Limited, said, “The acquisition enhances our sales potential by Rs 120 crores, strengthening both the company's project pipeline and its financial outlook. At Sur
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Lilavati Hospital, Mumbai launched “Roshni Cataract Services” an initiative to provide free eye check-ups and cataract surgeries

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by Priya Jadhav Mumbai, April 19- Lilavati Hospital and Research Centre,has launched the “Roshni Cataract Services” an initiative aimed at performing free eye check-up and cataract surgeries for underprivileged individuals inaugurated by the Founders & Permanent Trustees Kishor Mehta and Smt. Charu Mehta along with Permanent Trustee Rajiv Mehta and board of trustees for Lilavati Hospital & Research Centre, Bandra. Dr. Niraj Uttamani, COO at Lilavati Hospital & Research Centre, Bandra, said cataracts are a major issue in India, causing 70% of blindness and 90% of distorted vision and this initiative aimed to provide essential eye care services to those in need while raising awareness about eye health.
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JNK India Limited’s Initial Public Offering to open on Tuesday, April 23rd, 2024, price band set at ₹395 /- to ₹415/- per Equity Share

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by Priya Jadhav   • Price Band of ₹395 /- to – ₹415/- per equity share bearing face value of ₹2/- each (“Equity Shares”) • Bid/Offer Opening Date – Tuesday, April 23rd, 2024 and Bid/Offer Closing Date – Thursday, April 25th, 2024. • Minimum Bid Lot is 36 Equity Shares and in multiples of 36 Equity Shares thereafter. • The Floor Price is 197.50 times the face value of the Equity Share and the Cap Price is 207.50 times the face value of the Equity Share Mumbai, April , 2024: JNK India Limited is in the business of manufacturing the process-fired heaters, reformers, and cracking furnaces (together, the “Heating Equipment”) that are required in process industries such as for oil and gas refineries, petrochemical and fertilizer industries. , has fixed the price band of ₹395/- to ₹415/- per Equity Share of face value ₹2/- each for its initial public offer. The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Tuesday, April 23rd, 2024, for subscription and close on Thurs
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Drone Destination announces mega pan India expansion with #EverythingDrones – increases presence across the full spectrum of Drone Ecosystem in India

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by Priya Jadhav Drone Destination is  India’s leading Drone-as-a-Service and largest Drone  Training Organization  and is listed on NSE Emerge. Key offerings under #EverthingDrones include several products and services across the value chain of the Drone ecosystem including  Drones, Batteries & Components, Drone Services, Drone Education and Skilling, Drone Repair and Maintenance, and Drone Sports. Mumbai, India - April 16, 2024 -  Drone Destination, a leading name in the Drone Industry, today unveiled “#Everything Drones,” their strategic initiative of providing complete end-to-end solutions for the drone ecosystem. The company plans to establish India’s largest network of fixed and mobile  “Drone Hubs”   which will offer "Everything Drones”.   Over the next 3 months, the company aims to roll out 250 such hubs  and also aims to establish a network of over  1000 such hubs in the next two years . This network will focus on  cost effectiveness, efficiency, and turnaround time. T
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Nexzu Mobility organises ‘Creativity on Wheels’ challenge to celebrate World Art Day

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by Priya Jadhav  ·           The challenge aims to support all the artists at heart by inviting them to design their own version of Nexzu EV Cycles. ·           Open for all enthusiasts above the age of 5 years, with a chance to win exciting prices and discounts from the brand. Pune, 16 April 2024 : Nexzu Mobility, an innovative urban transportation solution provider, organises ‘Creativity on Wheels’, a digital design challenge to celebrate World Art Day. The brand extends an invitation to all design enthusiasts to showcase their talent by submitting their own rendition of Nexzu EV Cycles.  Mr. Chintamani Sardesai, Business Head, Nexzu Mobility , said,  “We believe that cycles serve as more than just transportation; they are also statements of individuality and style. And whether the target audience is a commuter, a professional cyclist, or a recreational rider, it's a difficult task for designers to produce graphics that not only look good but also speak to them. Through this init
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