One of the leading online property finance platforms called LendInvest has finally closed at 39.5 million dollars with regards to the Series C funding round that is going to be comprised of both equity and debt. This particular funding has been in the process all throughout the summer. It can be viewed as a method to position the UK based company for an IPO which stands for Initial public offering at a certain point in the near future. The company states that the Atomico led the whole round along with the help of new investors including GP Bullhound and Tiger Management.
The Series C is known to follow the last round worth 17 million pounds in the month of March 2016. LendInvest states that this is what enabled the platform in order to accelerate the investment in the technology field and then being able to enter the UK BTL market. The company has raised a total capital of around 1 billion pounds which is supposed to be growth capital.
The CEO and co-founder of the company Mr. Christian Faes state that the raising of the capital was not absolutely necessary in order to fund out the ongoing operations due to the fact that the firm actually has been profitable for quite some time now. Faes further states that the funding is all about beefing up the balance sheet in order to position the company better for any future opportunities.
He further states that the funding rounds are being done at a sensible valuation which does not really set the company for any kind of failure. He states that his co-founder along with himself still own around 70 percent of the total company still. He states that there are no quirky liquidation preference stacks that will seek to distort or change any true valuations. He further states that the company is a straightforward player which is building up a big business especially for the long term.
Faes further states that by using the technology the company will be building a completely new type of financial servicing firm. The firm is also going to be extremely scalable.
He states that it feels great to receive help and backing from Atomico who are known to have been great partners in the business. They are the ones to have brought out the new investors in Tiger and GP Bullhound who are also helping in achieving their ambition.
The company is known to be a leader in the mortgage sector in the UK having multiple products including bridge finance, BTL, and development finance. Till date, the company has lent a total amount of more than 1.94 billion dollars towards 5000 UK properties.
One of the partners at Atomico Mr. Mattias Ljungman states that they are actually impressed with the company’s ability in dealing with and disrupting the established lending industry.
He states that their company is excited to work along with LendInvest due to a high growth trajectory. He is looking forward to seeing what the future holds for this particular business.
SREI, the Kolkata based business, is going to work with Russia since Moscow and Delhi are entering into an energy partnership. There is a huge potential of trade between Russia and India and it is evaluated at around 7. 5 billion US dollars. SREI has been working on this idea and has been successfully been able to set up an innovation fund which is about $200 million.
This money is invested in the fields of 3D printing, artificial intelligence, and robotics. The invested deals are divided into a few parts and the first investment would be rolling out at the beginning of the year 2019.
SREI is also known for working with different exports from Russia so that all the equipment could be successfully delivered to India. SREI is basically helping out all the Russian companies which are looking for expansion in India. It is right now exploring a different kind of opportunities in different sectors like gas, oil, and power sector.
The famous automobile and car brand, Honda has recently teamed up with the central Ohio city to run a display of the latest “smart intersection” technology meant to ensure safer and efficient traffic regulations. This technology’s main aim is to ensure the safety of the pedestrians as well as the motorists for any possible signs of danger on the small screens of the vehicle windshields itself.
The reports suggest that this display made its debut by Honda in the city of Marysville back on October 04, 2018 which was a Thursday. The automobile company has its very own manufacturing plant along with other facilities right in the city of Marysville which is also a part of the whole of the 33 Smart Mobility Centre Project which is meant to test out the advanced highway technology in the route number 33 of the United States.
According to the display, small intersections will have the camera fixed atop the traffic lights that will then relay the video message to a processor which will primarily be responsible for analyzing the potential problems from the vehicles either running the red lights or even of the fast approaching emergency vehicles.
It was the Ohio Governor, John Kasich who hailed down this technology to ensure better protection of his citizens because of course, there’s nothing more important than the lives of the people.
Toyota Motors which is considered to be the number 1 automaker of Japan has finally made a decision of joining hands with one of the technological giants called SoftBank Group. This joint venture is basically aimed towards the creation of mobility services which they are calling as ‘United Japan’. It can be stated to be a kind of effort taken towards facing the global competition.
The total worth of this project/venture is around 20 million dollars which come down to around 2 billion yen which is going to take effect by the ending of the month of March.
It will be working on food deliveries, hospital shuttles, data analysis and on-demand vehicle service along with medical examinations onboard. This statement has been made by the company itself in one of the news conferences that was held at a Tokyo hotel.
Mr. Akio Toyoda who is the Chief Executive of Toyota states that many of the people must be wondering and asking the question why the teaming up of SoftBank and Toyota. He is of the belief that people must be thinking as to why one of the old styles manufactures is actually teaming up with such a newcomer being SoftBank. The telecoms company along with the energy sector have had their past link ups only with overseas startups. The chief executive believes that they are in need of change. He has laid stress on the fact that the auto industry is actually changing with time. The change is happening in the era having autonomous driving, connected cars, electric vehicles, and car-sharing. He further states in his statement that the partnership with SoftBank is more due to the fact because SoftBank has earlier actually invested in other leading car-sharing corporations including Didi, Grab and Uber. They have also managed to acquire Arm who is supposed to be one of the leaders in the IoT which stands for Internet of Things.
According to Mr. Masayoshi, Son who is supposed to be the Chairman of SoftBank states that personally, he is actually thrilled with the whole idea of partnering up with Toyota. He is thrilled in partnering up with one of the topmost automakers in the field of mobility and AI.
He further adds that he is extremely excited about the whole idea. This statement was made by him while appearing alongside Toyoda. The two executives were seen praising each other in a profuse manner especially after the ending of the news conference.
Both the companies state that this particular Joint Venture is going to first hit Japan. However, there are talks to expand globally.
The percentage owned by Toyota is 49.75 while SoftBank will own 50.25 percent of the shares.
While speaking about the Hong Kong stocks, it is relevant to mention that they are heading towards more losses. It is a continuous fourth-day loss for the stocks as on Friday while the Lenovo Group on the other hand who are makers of personal computers are actually taking the lead in lowering of the technological shares.
The company Lenovo that basically earns around one-third of its revenue from North America did slump by and around 17.6 percent after the news was recently reported by Bloomberg Businessweek on Thursday. The reports basically citing and getting its information from various sources state that the Chinese spies have actually managed to place out tiny little chips in the servers that are basically in use by around 30 different U.S companies including Apple and Amazon. The reports suggest that this particular move has been taken in order to infiltrate the systems.
The investors, on the other hand, are actually worried that the United States is going to be taking strict measures in order to retaliate against all of the Chinese products. The investors are also worried furthermore that the U.S will be issuing a sanction against the technological products made by China. This particular statement has been made by one Eric Yuen who is supposed to be the chief research analyst from Mason Securities. Taking into account the current condition of the market which is basically weak it can be safely said that any sort of negative news will only lead in getting an overreaction.
The stocks of ZTE which is supposed to be one of the Telecomm equipment makers were hit the hardest. It slid down by and around 11.4 percent. One of the technological Holdings called AAC had a drop in their supplies of acoustic components which were going to Apple. The drop rate is around 1.9 percent. Even the iPhone suffered a decline of around 1.8 percent. This particular fall took place overnight in New York. According to one of the reports by Businessweek, the iPhone makers also declared that they had not been able to find any malicious chip in any of the servers. However, this did not make any difference. There was still a decline in their stocks.
This particular report has come out especially at such a time when there is a spat going on between both the countries in regards to trade. Both the countries are known to levy punitive tariffs. These tariffs are being imposed on imports amounting to tens of billions of dollars.
There is also a decline of 0.4 percent of the Hang Seng Index by noon. The index has basically dropped by and around 4.6 percent this week by far. The mainland markets, on the other hand, are going to be reopening as of Monday. This is taking place, especially after the weeklong National Day holidays. There are even reports stating that even the energy producers are the ones to suffer due to this strife.
The shares of the company ’Titan’ have actually climbed up by and around 4 percent as of Friday. This happened exactly after the company stated that they had performed well all across the business verticals especially during the second quarter.
The company further states that they have actually gained a foothold in the market shares all across the verticals based on strategies that are actually pretty well laid out for all of its businesses. The watch business of the company has been doing well ever since the first quarter. It has been carrying out an excellent business ever since. However, there has also been a growth in the jewelry department/ industry. This particular industry of the company has picked up pretty well after having a slow but relative growth in the month of June. The stocks have seemed to rise by and around 4.13 percent following this particular development. It has managed to hit a low of and around 808.20 rupees on the BSE.
The company has managed to gain in the market share for the jewelry business on the back of having new collection launchings and extended diamond studded activation. This is basically even as there is an increase in the gold prices along with having fewer numbers of the wedding dates along with the tightening of credit with regards to the industry.
One of the Ace investors Mr. Rajesh Jhunjhunwala along with wife Rekha Jhunjhunwala is known to own and hold around 7.09 percent stake. The total amount is valued to a whopping total of 5000 crores. The stake is held by them jointly in the jewelry stock as of June 30th.
The company states that there has been a sense of optimism recently in the outlook of the economy. The sectors where this optimism has been seen and noticed are in employment and household income along with the general sector as well.
A new commerce start-up was already in function with few of the leading banks of India when it actually entered into a partnership with Infosys Finacle just a year back. Since then, Infosys has provided its full support to the Bengaluru start-up in boosting its client base up to sevenfold.
Sachin Jaiswal, who is the CEO of the start-up, stated that this partnership with Infosys has actually helped them tremendously. For a start-up, it is extremely difficult to market its business with limited resources. Finacle also maintains a similar relationship with ToneTag for providing it with a payment solution.
Most of the IT services in India have faced difficulties in the past decade due to fast changing in technology. Today, more and more customers are investing in newer digital projects. But the fact that a major part of the revenue comes from the traditional services, IT services in India are actually facing a setback.
Tech Mahindra has signed a new partnership with Avaamo in order to produce AI solutions to the international enterprises. According to Ram Menon, the CEO of Avaamo, this kind of partnership results in the benefit for both the companies.