Latest news with #Saas
News18
12-07-2025
- Entertainment
- News18
Lataa Saberwal To Participate In Bigg Boss 19? What We Know
Lataa Saberwal revealed that she was approached to participate in Bigg Boss 19 but she turned down the offer. Bigg Boss is all set to be back with another brand-new season, and the speculation regarding the contestants' list is already making rounds on the internet. Among the rumoured contestants is Lataa Saberwal, popularly known for playing Akshara's mother in Yeh Rishta Kya Kehlata Hai. A report from Saas Bahu Aur Betiyaan revealed that Lataa was approached to participate in Bigg Boss 19, hosted by Salman Khan. The report further admitted that the actress even agreed to be a part of the reality show, which sparked excitement among the fans who were eager to see Lataa beyond the format of TV serials. However, a recent report by India Forums stated that unfortunately, the actress will not be a part of the highly controversial reality TV show. During a conversation with the outlet, Lataa stated, 'Yes, I was approached, but I'm not doing it." Lataa's simple yet clear statement marked the end of all speculation as she confirmed that despite being considered for Bigg Boss 19, she turned down the offer. The rumours about Lataa's participation in the reality show came just days after her separation from her husband Sanjeev Seth. The couple played Hina Khan's on-screen parents in Yeh Rishta Kya Kehlata Hai and later got to know each other and fell in love. Lataa and Sanjeev tied the knot in 2010, and after 15 years of marriage, the couple decided to part ways. They share a son together named Aarav. Lataa took to social media to announce the news and requested fans and media not to ask her any questions regarding the reason for their personal decision and urged everyone to respect her privacy. Taking to Instagram, Lataa wrote, 'After a prolonged silence, I declare that I, Lataa Saberwal, have been separated from my husband, Mr. Sanjeev Seth. I give my gratitude to him for giving me a lovely son. I wish him all the best for his future life." As per screen reports, Bigg Boss 19 is set to premiere on the last weekend of August this year and will reportedly continue to run for five months, making it one of the longest seasons yet. First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
30-06-2025
- Business
- Mint
Eight Roads Ventures sells stakes in three firms to TR Capital in $50-million secondary deal
Mumbai: Eight Roads Ventures has sold its stakes in software-as-a-service (Saas) platforms MoEngage and Whatfix as well as logistics firm Shadowfax to TR Capital in a $50-million secondary transaction, the companies said in a statement on Monday. Eight Roads first invested in Shadowfax in 2015, Moengage in 2020 and Whatfix in 2019. MoEngage is a customer engagement platform designed for marketers and product owners to engage, retain and acquire customers across digital touchpoints, while Whatfix provides in-app guidance, training and analytics to help users navigate underlying enterprise software. Shadowfax is a last-mile logistics player that operates in more than 2,500 cities and towns and delivers more than two million shipments daily. Backed by Fidelity, Eight Roads Ventures is a global investment firm that has partnered with more than 300 technology and healthcare companies across India, China, Japan, Europe and the US. Frederic Azemard, managing partner at TR Capital, said, 'Partnering with Eight Roads India showcased that capability: together, we translated a multi-asset opportunity into a win-win transaction for all parties involved. As an acknowledged pioneer of Asia's secondary market, TR Capital will continue expanding its footprint and collaborating with top-tier partners such as Eight Roads to deliver value from complexity,' Secondary transactions are increasing gaining traction in India as several investors at the end of their fund's life cycle are seeking liquidity and gearing up to exit companies they have been invested in for some time. As companies grow and mature, secondary transactions, in which existing investors sell their shares, become a common method for liquidity, according to an EY report. The value of strategic exits and secondary exits grew by 5% to $3.7 billion in 2024 from $3.5 billion in 2023 and is poised to grow further, EY said in January. The increase in secondaries also follows delays in initial public offerings (IPOs) owing to market volatility amid macroeconomic challenges. For instance, LG Electronics delayed its initial public offering (IPO) for its Indian subsidiary, LG Electronics India, due to market volatility earlier this year. Several investment firms such as Multiples and ChrysCapital have pursued continuation funds to remain invested in some of their winning companies while looking to provide exits to their limited partners invested in these funds. These vehicles allow firms to support trophy assets that need more time than the typical fund cycle to reach their full potential while giving limited partners a level of certainty on the returns they will get. India is also seeing a growing appetite for dedicated secondaries funds. Last year Oister Global and Tribe Capital launched a $500 million India-focused secondaries fund. Piyush Gupta, former managing director of venture capital firm Peak XV, launched Kenro Capital to target late-stage secondary deals but didn't disclose details about the size of the fund. TR Capital has increased its focus on India since 2008 and has provided liquidity solutions to several private equity firms through single-asset and portfolio transactions. Its other notable transactions include acquiring stakes from Samara Capital in Sahajanand Medical Technologies Ltd, First Meridian Business Services Pvt. Ltd, and Paradise Food Court Pvt. Ltd in a $150-million secondary deal in 2023.
Business Wire
18-06-2025
- Business
- Business Wire
EY US Announces Arad Levertov of Sunbit as an Entrepreneur Of The Year ® 2025 Greater Los Angeles Award Winner
LOS ANGELES--(BUSINESS WIRE)--Ernst & Young LLP (EY US) announced that Arad Levertov, CEO of Sunbit was named an Entrepreneur Of The Year 2025 Greater Los Angeles Award winner. Entrepreneur Of The Year is the preeminent competitive awards program for entrepreneurs and leaders of high-growth companies. For 40 years, EY US has celebrated ambitious entrepreneurs who are transforming industries, impacting communities and creating long-term value. "Entrepreneurship is full of Sunbit, staying focused on serving the customer, and remembering that behind every transaction and account number is a person who is just trying to get something done, has made all the difference.' Mr. Levertov was chosen by an independent panel of past winners, top CEOs and business leaders. Judges assessed candidates on long-term value creation, entrepreneurial spirit, purpose-driven commitment and significant growth and impact. Sunbit was co-founded by Arad Levertov, Ornit Maizel (CTO), Tal Riesenfeld (CRO), and Tamir Hazan (Head of AI) to challenge the status quo, offering better consumer experiences through superior products, services, and support than was previously possible. In a market where transactional thinking, heavy fee structures, exclusionary policies and products are standard, Sunbit stands apart, having served millions of customers with fast, transparent and fair terms and products – without charging fees of any kind. Sunbit's technology eases the stress of paying for life's expenses by giving people more options on how and when they pay. They have served millions of customers at tens of thousands of locations through their pioneering BNPL for brick-and-mortar businesses, and launched a co-branded credit card with retailers across the country. 'I am honored to be chosen as an EY Entrepreneur of the year winner,' said Levertov. 'I have so much respect for my fellow entrepreneurs, who all know that entrepreneurship is full of challenges. Policy changes, global events, and forces of nature sometimes conspire to test your fortitude. But for Sunbit, staying focused on serving the customer, and remembering that behind every transaction and account number is a person who is just trying to get something done, has made all the difference.' The go-to-financing partner in auto services, Sunbit's technology is found in more than 60% of auto dealership service centers, and they are the fastest-growing patient financing provider in the dental market. Sunbit has done $3.2B in transactions across 4.2M BNPL originations, with 20% of those at 0% interest. Their recently launched co-branded credit card boasts over 186K cardholders, and the company has Saas integrations with partners like Stripe, Xtime, Weave, and more. As a Greater Los Angeles award winner, Mr. Levertov is now eligible for consideration for the Entrepreneur Of The Year 2025 National Awards. The National Award winners, including the Entrepreneur Of The Year National Overall Award winner, will be announced in November at the Strategic Growth Forum ®, one of the nation's most prestigious gatherings of high-growth, market-leading companies. The Entrepreneur Of The Year National Overall Award winner will then move on to compete for the EY World Entrepreneur Of The Year™ Award in June 2026. Entrepreneur Of The Year recognizes many different types of business leaders for their ingenuity, courage and entrepreneurial spirit. The program celebrates original founders who bootstrapped their business from inception or who raised outside capital to grow their company; transformational CEOs who infused innovation into an existing organization to catapult its trajectory; and multigenerational family business leaders who reimagined a legacy business model to strengthen it for the future. The Entrepreneur Of The Year program has recognized the leadership of entrepreneurs such as: Sponsors Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards include presenting sponsors PNC Bank, Cresa, LLC, Marsh USA, and SAP. In Greater Los Angeles, sponsors also include ADP, Cooley, Los Angeles Business Journal, Vaco, and Big Picture. About Entrepreneur Of The Year Founded in 1986, Entrepreneur Of The Year has celebrated more than 11,000 ambitious visionaries who are leading successful, dynamic businesses in the US, and it has since expanded to nearly 60 countries globally. The US program consists of 17 regional programs whose panels of independent judges select the regional award winners every June. Those winners compete for national recognition at the Strategic Growth Forum ® in November where National finalists and award winners are announced. The overall National winner represents the US at the EY World Entrepreneur Of The Year™ competition. Visit About EY EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets. Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow. EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fueled by sector insights, a globally connected, multi-disciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories. All in to shape the future with confidence. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit About Sunbit Sunbit builds financial technology for real life. Our financial technology products have helped millions of people ease the stress of paying for life's expenses by giving them more options on how and when they pay. Sunbit's technology brings no-fee credit cards for top retailers. The company's BNPL solution is found in over 50% of all auto dealership service centers and is the fastest-growing and second-largest dental patient financing solution. Loans are made by Transportation Alliance Bank Inc. dba T.A.B. Bank, which determines qualifications for and terms of credit. The Sunbit Card is issued by T.A.B. Bank, pursuant to a license from Visa U.S.A. Inc. Use of the card is subject to the cardholder agreement.
Economic Times
12-06-2025
- Business
- Economic Times
Eye on IPO shores, companies set sail for Cayman
The Cayman Islands are emerging as a preferred destination for Indian software startups chasing global markets, offering greater flexibility in raising capital, whether from India or abroad. The self-governing British Overseas Territory is a 'region of interest' for software-as-a-service (SaaS) companies scaling up their international ambitions. Tired of too many ads? Remove Ads The Cayman Islands could emerge as the new pitstop for Indian startups building software products for global markets that are in search of flexibility to tap into capital markets either at home or overseas. The Caribbean Island, a self-governing British Overseas Territory, is seen as 'a region of interest' for these software-as-a-service, or Saas, companies as they look to put their global ambitions on the fast track, according to multiple people in the know of push to register these Saas startups in the tax-neutral territory is also being led by their venture backers, according to the people cited above who said that Accel Partners is among those to have asked early-stage Saas startups in its portfolio to register on the Cayman Islands. Accel, a prominent investor in Saas major Freshworks, did not respond to ET's queries on the developments.'Cayman Islands has emerged as a region of interest in the past year for Indian startups that are building global software products who want to have the flexibility of listing in India, US or a dual listing,' said Ashitha Bhagwan, managing partner at Inventus Law Technology Partners.
Time of India
12-06-2025
- Business
- Time of India
Eye on IPO shores, companies set sail for Cayman
The Cayman Islands could emerge as the new pitstop for Indian startups building software products for global markets that are in search of flexibility to tap into capital markets either at home or overseas. The Caribbean Island, a self-governing British Overseas Territory, is seen as 'a region of interest' for these software-as-a-service, or Saas, companies as they look to put their global ambitions on the fast track, according to multiple people in the know of developments. The push to register these Saas startups in the tax-neutral territory is also being led by their venture backers, according to the people cited above who said that Accel Partners is among those to have asked early-stage Saas startups in its portfolio to register on the Cayman Islands. Accel, a prominent investor in Saas major Freshworks, did not respond to ET's queries on the developments. ETtech 'Cayman Islands has emerged as a region of interest in the past year for Indian startups that are building global software products who want to have the flexibility of listing in India, US or a dual listing,' said Ashitha Bhagwan, managing partner at Inventus Law Technology Partners. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories
