February 2023

Showing: 101 - 110 of 141 Articles

Pillup: A Better, Simpler And Smarter Pharmacy

New Delhi (India), February 24: PillUp, an online pharmacy in India, is on a mission to make the consumption of medicines easier and is causing a stir in the healthcare industry with its unique approach to medication management.

PillUp provides pre-sorting of medicines, over-the-counter (OTC) medications, and vitamins into personalised sachets organised by date and time.

Founded in June 2021 by Ankur Solanki, Akanksha, and Dr. Manish Singh, a team of Y-combinator alumni, operations specialist, and a senior cardiologist runs the Delhi-based online pharmacy through a mobile app that delivers medications to customers’ doorstep. 

The service aims to simplify medication management for those with complex medication regimens, chronic conditions, or limited mobility.

PillUp’s growing popularity among investors and customers alike is evident in the undisclosed funding the company has received from Stonks, Shaan Puri and other notable angel investors. The company’s commitment to quality service is reflected in its automatic refill system, reminders, and access to pharmacists who can provide support and answer questions.

PillUp has revealed the massive potential of combining design thinking and the drug market… This simple innovation makes life easier for seniors who can be a bit forgetful and have difficulty segregating medicines by the time of the day. “Younger patients with active lifestyles and chronic diseases can pull as many packets as needed and go. All told, PillUp means NO more medicine organisers, putting alarms on your phone or calling your parents to remind them about their medicines.

Medication nonadherence in India is more than 50%, which in simple terms, means more than 50% of people are not taking medicines as prescribed by doctors. This is the biggest reason for the progression of chronic diseases, and India is on the way to becoming the Diabetes capital of the world. PillUp aims to increase adherence with its pre-sorted medicines and reminders, allowing people to have the right medicines at the right time. The startup also uses robots to sort medications, cutting down on both cost and human error.

The potential for strategic partnerships or acquisitions between PillUp and leaders in the Indian online pharmacy market, such as 1mg, PharmEasy, or Flipkart, is increasing as the market continues to grow. Such collaborations could lead to increased efficiency, expanded customer reach, and, ultimately, better healthcare outcomes for millions of people in India.

Moreover, PillUp is making headway on the B2B front, partnering with hospitals, old age homes, doctors, and other healthcare providers to enhance medication management in India. By working with healthcare providers, PillUp can provide valuable services to patients, ensuring they receive the correct medications at the right time.

In conclusion, PillUp’s innovative approach to medication management has the potential to transform the traditional methods of medication management in India. With the support of investors and a dedicated team, PillUp is poised to play a significant role in the future of the Indian online pharmacy market and positively impact the Indian healthcare industry.

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Meghalaya polls: Mukul Sangma says TMC will perform better in the upcoming assembly elections

GUWAHATI, FEB 24: Meghalaya TMC chief Mukul Sangma said he is hopeful that his party will do a perform better in the upcoming assembly polls and form the government after March 2.

Talking to reporters, Mukul Sangma said, “You can feel the pulse here. In the spirit of true democracy of the people, by the people and for the people. So that’s spirit is prevailing and this spirit must reinforced for the purpose of sustaining the democracy and that’s what we have done,”.

“We are getting the love and affection of the people, the trust and faith of the people across the state. Today you see all my people who are outsider here? They all are part and parcel of the people who create this the whole demography. The Garo, the Khasi, the Jaintia and other tribes coexisting including non tribal living here. The kind of narrative using against the TMC is not at all except from this civilized state,” former Meghalaya chief minister said.

He further said, “I used to tell people that BJP’s narrative is camouflage by so called ‘rhetoric’ of development. If BJP is concerned about the people of the state and development why had they not acted when the alleged corruption and irregularities brought to their notice. Are they trying to used the other parties as their pond. Is it the strategy BJP adopting with other parties who are in the present dispensation including NPP,”.

“The issues which are plaguing in the society. They don’t want to talk much about them. They only talked about development. Why they are not talking about various allegation which are surfaced in Assam recently. The ruling BJP in Assam are targeting the various religious groups of Assam, why they are not taking about such issues,” Sangma asked.

Mukul Sangma, who was a former chief minister of Meghalaya will contesting from TMC in the upcoming Meghalaya polls. He has been campaigning hard and aggressively against the ruling NPP and BJP who are the major contender in this election.

Mukul Sangma last year left Congress and joined TMC after he had a fight with the top brass of Congress in New Delhi.

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Arunachal: Army Adventure challenge cup concludes in Yinkiong

Guwahati, Feb 23: Spearhead Division under aegis of Spear Corps organised closing ceremony of Army Adventure Challenge Cup (AACC) 2022-23 on Thursday.

 The AACC was held at Yinkiong from 14 to 19 February, 2023. A total of 13 teams including teams of all Commands of Army, ITBP and Coastguard participated in the competition.

 The Army Adventure Challenge Cup is one of the signature events of Indian Army and is conducted bi-annually. The Challenge Cup pushed sportsmen to their limits by testing their endurance, spirit and perseverance in difficult terrain of Arunachal Pradesh.

The event consisted of 15 kms of cycling, 10 km of running and 19 km of white water rafting in mighty Siang.  For the first time, rock climbing was introduced and the event became a Quadrathlon from a Triathlon.  Eastern Command emerged as champions whereas Western Command was adjudged as runners up.

The closing ceremony was organised with grandeur and consisted of enthralling performances.

 The scintillating display was witnessed by about 200 service personnel and 50 civilians incl children of local Govt schools and cadets of Sainik School, East Siang.

 GOC, Spearhead Division VK Purohit  while addressing the school children and participants emphasised the importance of fitness and sportsmanship in life. 

He appreciated the cultural performances and also commended the effort of locals and highlighted the Civil-Military synergy in building an ideal society.

Conduct of Army Adventure Challenge Cup not only spreads awareness about physical fitness but also highlights the immense potential for adventure tourism of Arunachal Pradesh.  The event will go a long way in further strengthening the existing relations between local populace and the Army.

“There is tremendous scope of Adventure tourism in Arunachal Pradesh. There are enough and more opportunities for hiking, biking and mountaineering in the region. Largely the area has remained unexplored, however, off late concerted efforts have been put in place by both Army and Civil administration to exploit the tourism potential of the region,” VK Purohit stated.

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Assam: Tea garden youths to get benefits of government schemes in Dibrugarh

DIBRUGARH, FEB 23: The Dibrugarh district becomes the first district in Assam to find solution for the decade long problems of land related documents of tea and ex-tea garden youths to avail benefits under schemes like PMEGP and PMFME.

The 1 crore population of the tea garden and ex-tea garden community of Assam has been relentlessly trying to join the mainstream Assam so far as economic up-liftment of a community is concerned by availing benefits under various welfare schemes declared by the State and central government from time to time.

Prime Minister’s Employment Generation Programme (PMEGP) and Prime Minister’s Formalisation Micro Food Processing Enterprises (PMFME) are two such flagship schemes of Government of India mainly focusing on self-employment generation through setting up of ventures like micro industrial enterprises, business ventures and live stock farming of piggery poultry etc.

Nevertheless, the progress has not been that rapid and accentuated one. One reason for this lackluster progress is lack of land documents for these youths as most of them are residing on Tea Plantation (TP) land under absolute control of the tea companies. Lack of proper land documents prevents the financing banks from processing the loan applications submitted by these youths.

This dismal picture of sluggish progress was brought to the notice of the General Manager, District Industries and Commerce Centre,Dibrugarh, Morgan Meston by Dhiraj Gowala, President, All Assam Tea Tribes Students Association(ATTSA), who after having consultation with the Deputy Commissioner of Dibrugarh Biswajit Pegu decided to convene a meeting with all the stake holders to find a solution for good for this long pending issue.

Accordingly, a meeting chaired by the Deputy Commissioner, Dibrugarh on December 12, 2022 in the conference hall of the Deputy Commissioner, Dibrugarh in presence of the President, ATTSA, Dhiraj Gowala, the Secretary Tea Association of India, Ranjan Paul, representative of Assam Branch of Indian Tea Association (ABITA) representative of Assam Chah Karmachari Parishad(ACMS) Lead District Manager(LDM) Mayank Agarwal and bank managers of Dibrugarh district.

For a broad-based discussion on the topic a follow up meeting with more stake holders like the Secretary, Bharatiya Chah Parishad (BCP), Doli Sharma Kalita, the Secretary North East Tea Association (NETA), Manisha Sharma, representative of Assam Chah Karmachari Parishad(ACMS).General Manager, Satya Narayan Tea Company Dibrugarh, Mrinal Gogoi,was also held on 14th February,2023. After, a thorough deliberation on the issue the Committee unanimously resolved that the tea garden management will issue an NOC /License to the applicants model format of which shall be prepared by District Industries and Commerce Centre,Dibrugarh after collating inputs from all the stake holders.

“This NOC/License so issued for specific period with concomitant minimum rental per annum will be accepted by the financing banks as proofs of land documents for processing PMEGP and PMFME applications of the Tea and Ex tea garden youths,” stated a press release.

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Meghalaya polls: CM Conrad Sangma says NPP will get full mandate in the upcoming polls

Guwahati, Feb 23: Meghalaya Chief minister Conrad K Sangma said they will get full mandate in the upcoming assembly elections and form the government for the second time.

Talking to reporters, Conrad Sangma said, “We are getting a very positive mood and people are very happy and excited and this positive wave is going on across the state due to multiple reasons. In last five years, our party has done lots of development in the state. The law and order situation has been improved and a kind of initiative taken by our government to resolve the long pending issues,”.

“The National People’s Party (NPP) is the best alternative to move forward. We are getting support from the people as many people joining our party and supporting us. BJP is the part of our government in last five years but this election is different as we are contesting alone. The government of India appreciated our work which we have done in implementing the schemes. They certified us for our exceptional work. In the last five years exceptional work has been done in the state,” the NPP chief stated.

He further added, “Elections is different and we except such statement from BJP and other opposition parties. During the election time, one party accused other party which is natural and we except such statement from the opposition. But nobody can hide the facts. The facts remain the facts,”.

“Definitely, I have seen many elections and had an opportunity to participated in campaigning with my late father from a younger age. I never thinks the upcoming elections is easy. I never take any thing for granted, every election is tough. I believe in what we have done for the state in the last five years, we will get the result in this election,” Conrad Sangma asserted.

Sangma said, “Everybody is formidable opponents and we have to work hard. This time the elections is slightly different because last time we are opponents and this time we are the ruling party. Their are lots of exceptions and issues. But this elections we have seen a strong wave and positive mood of the people towards our party,”.

He further said, “We have not seen any major impact. Wave going on and we are postive to get full majority to form the government,”.

The 60-member Meghalaya assembly will go for polls on February 27 and final preparation has been going on in full swing for the peaceful conduct of the polls.

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Meet Dr. Shigil Mathew Varghese – “Kerala s Acclaimed Consultant Physician on a mission to Provide Affordable and Advanced Healthcare Solutions”

Thiruvananthapuram (Kerala) [India], February 23:  Kerala-based, 38-years old, acclaimed consultant physician and diabetologist, Dr. Shigil Mathew Varghese is one determined and dedicated man on a mission to empower his patients with the highest quality, affordable, and advanced healthcare solutions for all. His quick decisiveness, enhanced activeness, great expertise, and a strong focus on his mission are what make him one of the most preferred medical experts in Kerala.

As an expert in providing the highest quality and comprehensive primary and ongoing medical care for over 8 years, he is immensely acknowledged for diagnosing diseases, illnesses, injuries, treatments, and recommendations to appropriate medical super specialists. Whether the patient’s body demands a specialist for any emergency or needs special intervention, Dr. Shigil’s expertise in effortlessly understanding different treatment modalities is what makes him stand out from the crowd.

Dr. Shigil Mathew is a graduate of the M.E.S. Indian School of Doha and Qatar. He obtained his Bachelor’s degree in Medicine and Surgery, M.B.B.S., from the prestigious Sri Siddhartha Medical College in Tumkur, Karnataka, India. During his internship period, he served as a house surgeon at Sri Siddhartha Medical College and General Hospital in Ernakulam, Kerala, India. He pursued his Post-Graduation degree, Doctor of Medicine (M.D),  General Medicine, from the Vinayaka Missions Medical College and Hospital, Karaikal, Pondicherry, India.

Whether it is current treatments, newer emerging treatments, or emerging treatment modalities, Dr. Shigil’s administrative fluency, critical thinking abilities – in highly pressurized situations of crisis, and ability to make the right decision and pursue it under duress speaks a lot about his character and resilience as a medical expert.

Dr. Shigil’s journey from receiving his degree to working in several medical institutions has not been a bed of roses. He has had his own struggles, limitations, and setbacks. It was when his family launched St. George Healthcare in Kozhencherry, Pathanamthitta; he felt his hard work and dedication, combined with the blessings and support of his family and relatives, paid off. During those years, the same passion and hope led them to take over the pristine management of Sree Ayyappa Medical College and Research Foundation as well as Vadasserikkara in collaboration with PSN Charitable and Educational Trust.

Shortly, Dr. Shigil and his family plan to launch a medical college with seats for 150 MBBS students for the upcoming academic year. They will do so once the whole NMC process of inspection has been completed. The main objective of establishing this medical institution is to deliver budget-friendly, highly advanced, and best-quality healthcare solutions to the poor and grief-stricken families, Sabrimala pilgrims, and the wider rural population in its surrounding areas. “With this ongoing endeavour, we hope to find a way to spread the word and aid masses through this initiative,” he shared in an up-close interview with us.

Currently, Dr. Shigil Mathew Varghese serves as the Medical Director at St. George Healthcare, St. George Speech and Audiology, and St. George Dialysis Centre. For more information about him, please visit www.shigilmathew.com or www.drshigilmathewvarghese.whitecoats.com.

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VES Consultancy signs an MoU with MVW Network to leverage mutual strengths

Aim to enrich and strengthen the exchange of ideas, concepts and frameworks amongst Professors, Students for Live Industry Projects.

Mumbai (Maharashtra) [India], February 23: India’s renowned management institution, Vivekananda Educational Society, Mumbai, announces a partnership with MVW Network, a fast-growing business consulting and integrated marketing company for small and medium enterprises with associations across 125 countries. The alliance aims to empower the industry-student community and offer the opportunity to foster educational and industrial development. With this pioneering industry-academia collaboration, the partnership seeks to leverage multiple projects from industries that the student workforce can deploy.

The MoU comprises working closely in education, sharing knowledge, promoting and populating effective use of each of the resources of VES and exploring enhanced opportunities for mutual interest. The partnership will entail support and collaboration for various activities, including entrepreneurship, skilled-based training, internship, and bridging the gap between theories and practical work in the industry.

Speaking on occasion, Dr Sachin Deshmukh, Director of VES Consultancy and Vivekananda Educational Society, Business School, said, “Strategic collaboration with avenues that facilitate exposure to the industries is an imperative need for students’ growth and orientation. Hyper-growth culture with disruptive technologies has a multifaceted impact in the post-pandemic era. Institutions and academicians constantly need to stay updated with the real-time requirements of the industry. Our partnership with MVW Network for their wide network of small and medium businesses is a step in this direction.”

Collaboration between industry and academia is noteworthy for catalyzing innovation and growth across sectors. While industries often focus on addressing solutions of near-term commercial value and academia focuses on building new knowledge through research and imparting education to students, the combination can yield accelerated development of breakthroughs.

Regarding the partnership, Rachana Chowdhary, Founder of MVW Network, said, “Learning to evolve is a key priority for businesses today. Our partnership aims to offer focussed training programs for companies while also offering projects from companies where the students and the educationists can bring in their perspectives. We are delighted and overwhelmed with this partnership, as this strengthens MVW Network to build capacities within the MVW-MSME Development Centre and MediaValueWorks to offer solutions to clients around business consulting and marketing solutions.”

MVW Network can leverage the VES infrastructure, knowledge and insights of 150+ PhD Professors and 2000+ students through this partnership. Students can access newer mandates received by the company for research and evaluation with a recommended workflow by VES Consultancy. The program will hugely benefit the students and help sharpen their observations as they go through management studies. This initiative will help address the unique industry problem statements while ensuring real-time technical exposure to our students.

Interested organisations, looking to explore both research and commercial projects may write to support@mvwnetwork.com

About Vivekanand Business School –

The Vivekanand Business School (VBS) carries with it the rich legacy of Management teaching methods of its parent, VESIM. VBS was initiated as the standalone Institute to offer the autonomous programme of PGDM, in keeping with the rules of the apex body, All India Council for Technical Education (AICTE), that oversees technical education in the country. VBS is now well-poised to be counted among the Top Business Schools in Mumbai.

About MVW Network –

MVW Network is an international business consulting and marketing communications specialist that delivers tailored solutions to companies across the domain. Through our multiple verticals, MVW Network can penetrate a widespread audience. Our holistic approach enables us to ascertain communication goals and strategize them ahead of time for seamless execution. We think beyond public relations and creative craft campaigns to generate visibility and manage the reputation of the companies.

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SurveyCXM: Helping Brands Crystalize Voice of Customer

New Delhi (India), February 23: Digitalization and the growing indulgence of AI and Tech in almost every routine activity have made it both- easy and necessary for businesses to invest in deeply understanding customer journeys & aim for a flawless experience. It has led to an increase in firms opting for professional consultancies to guide them through this process and make it easier. QDegrees is one such Consulting firm. The firm has been rigorously helping businesses to achieve their CX goals through its numerous tools & services. SurveyCXM, an efficient CX tool, is currently in use widely.

SurveyCXM- What & Why?

Starting back in 2013, as a team of Quality Professionals, QDegrees realized the need to hear back from customers & have an ‘outside in’ model. Till then, brands were only listening to customers when they came in touch, never approaching them on their own. They saw this as an opportunity to develop a tool that would ask customers more than they tell. It could help them provide a holistic overview of the customer journey to brands with deeper insights related to their perspective. This realization led to the development of SurveyCXM– a tool that asks various questions to capture the Voice of the Customers. It enables businesses to capture customer feedback with numerous CX measurement metrics which leads to the development of KPIs. SurveyCXM gives statistical modeling inclusive of rating, AI-powered customer sentiment analysis, free text, sales predictions, mode of payments, and many more. The tool provides detailed analysis of customers through various metrics such as NPS, CSAT, CES, CSS, Churn Rate, Conversion Rate, and Customer Lifetime Value.

It provides a plethora of features that make it beneficial for businesses. From social media integrations, and multiple languages support to a user-friendly dashboard, the tool has a lot to offer its users. Thanks to its highly interactive & engaging interface, brands can deep-dive into customers’ minds and get real-time insights. SurveyCXM’s most prominent features include:

Close looping: SurveyCXM has been conceptualized in a way that it offers an automatic control system regulated by feedback. Since the platform divides consumers into distinct groups, brands can execute close looping comfortably. Brands can adapt to detractors’ and passives’ feedback & use the information to create long-term CX plans and even convert unhappy consumers into promoters.

Action planning: With this tool, brands can create a full action plan. With actionable inputs, SurveyCXM provides 100% assistance in establishing the framework of overall processes. The tool allows you to investigate in depth by using clear filters based on demographics, location, gender, and more if you want to choose a particular course of action.

Through its user-friendly & easy to understand interface, it has become popular among businesses in no time. Brands have been able to achieve impeccable results & stay ahead of their competitors.

Who is it for & how has it helped?

It is a tool effectively designed to keep the needs of businesses of all sizes in mind. Whether you are a flourishing startup or a well-established firm looking to understand its customers better, SurveyCXM won’t disappoint you. Already trusted by 15+ companies across different industries like Banking (Fintech), NBFC, Securities Brokerage, Health Insurance, Industrial Gases, Manufacturing, Insurance, EdTech, Automobiles, IT Recruitment & many more. Listing below some mention-worthy outcomes through this tool:

       After interacting with the customers through the surveys in the tool, a payment app launched a new feature that will help users to perform transactions smoothly.
       Another leading firm improved its NPS by 55 points within a month by just working on 60% controllable factors, as suggested by the tool.
       One renowned firm worked on its promoters, increasing its lead generation by 2.5x & conversion by 27%.
       A fintech company was able to improve its end-user experience by implementing changes suggested in its interface.
       A toll plaza reduced its TAT by analyzing the issues faced by the customers. The survey was even customized to understand the situation better.

What lies ahead? Interactive & Interesting Features

QDegrees is a CX consulting agency bundled with tech, making it one of the finest agencies that stand with businesses through their entire customer journey. The team boasts of professionals with 10+ years of experience in tech & trends, hand-in-hand helping the brands from their pre-launch to market winning. The backend developers are also always at work, making steady improvements in the tool, enhancing its user-friendliness & improvising its interaction with them. In addition to churn analysis and predictive analysis, SurveyCXM is set to introduce some sensational & sensory features to make the interface more interactive. Various elaborative reactions & sounds are in line to be introduced. Features like happy, sad & frustrated emojis, sounds while toggling left to right, etc., will be added, making the platform more fun and interesting to use. So, no doubt that the platform is only to get bigger & better for businesses!

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Meatington, the frozen food brand organized a delightful culinary experience for talented women from India

New Delhi (India), February 23: During the glamorous and talent-filled event of – Mrs. Capital Of India, participants were taken on a scrumptious culinary journey by Meatington, a frozen, ready-to-cook snack brand. They provided a succulent feast to all the beautiful attendees with food tasting as well as gifting them hampers that contained a vast range of ready-to-cook frozen snacks. Fashion Meraki organized this fashion finale event, which was attended by about 500 married women from various parts of the country.

At the event, powerful and inspiring women showcased their talents. In addition, attendees were impressed with Meatington’s culinary offerings and liked the concept because of the ease of preparing these snacks on the go due to their simplicity. The Co-Founders of Meatington, Neeta Malik, Ashutosh Malik, and Sachin Sahgal, graced the event with their presence. On this occasion, Neeta Malik spoke to the media and stated, We are glad to be a part of this event and delighted to provide these lovely and inspiring women with frozen ready-to-eat snacks. Due to their ease and simplicity of preparation, these snacks would definitely appeal to all of these women who are busy balancing work and home life. In addition, she said, Meatington is pleased with the overwhelming response it has received in Punjab recently, and we have also launched our range of frozen veg and non-veg snacks in Jammu and Kashmir as well. Now we’re ready to introduce summer variations to our existing tikkas, kebabs, patties, momos, and nuggets and according to taste preferences, these offerings can be relished with bread, rumbles or biryanis.

On this occasion, entrepreneur chef Sachin Sahgal shared tips and tricks with women on how to prepare recipes with these ready-to-eat snacks and handle them properly. Women loved the fact that the range is preservative-free and comes with innovative technology that extends its shelf life if kept frozen.

In addition, Meatington announced their participation in Ahaar, which will take place in Pragati Maidan, inviting Delhi & NCR residents to experience the culinary feast and tantalizing flavours. Featuring European, Lucknowi, and Punjabi flavours, Meatington’s ready-to-cook and Heat & Eat range offer a wide variety of vegetarian and non-vegetarian kebabs, tikkas, & patties.

There are many frozen food brands that do not use artificial flavors, colours, or preservatives, and Meatington is one of them, according to Ashutosh Malik. Instead, they use herbal ingredients to keep the food fresh and nutrient-dense. With high-tech packaging innovations and natural herbs, freezing food preserves micro and macronutrients and prevents harmful bacteria from growing. The Meatington preserves food without using harmful preservatives.

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Mynd Group appoints Jacob Raphael as the CEO for M1 NXT – Next Gen Global Trade Finance Platform

Jacob brings in 27 years of experience with leading financial services organizations like Citi Group, HSBC and ICICI Bank.

 New Delhi (India), February 23: Mynd Group has appointed Jacob Raphael as a Chief Executive Officer for M1 NXT a new ITFS platform (International Trade Finance System) from M1xchange with an immediate effect to facilitate trade receivable services to Indian exporters, exporting their goods and services to US, Europe, Middle East and Singapore markets initially.

Mr. Jacob, with almost three decades of experience in banking, is an instrumental figure involved in the set-up of M1xchange, An RBI Licensed Leading TReDS platform. With experience from some of the leading Industry pioneers like Citigroup, HSBC, ICICI Bank Ltd and Yes Bank, Jacob has been actively involved in various initiatives for developing the supply chain finance model of funding for MSMEs in India and abroad. He has worked extensively with Central Banks, Government agencies and Commercial Banks of India and other countries as well.

Sundeep Mohindru, Promoter & Director Mynd Group, said, we are extremely delighted to have Jacob to our M1 NXT team. His expertise and background in financial service industry will allow us to turbocharge our vision to bridge the digital divide and deliver Receivable Financing to Indian Exporters to grow and expand their business globally. 

Jacob Raphael, Chief Executive officer, M1 NXT said, I am extremely excited to take up this opportunity. With M1 NXT, MSMEs will be able to avail early payment against their invoices on ITFS. With the growth of the digital and globalized marketplace, M1 NXT will support Indian exporters with liquidity for international trade transactions through a worldwide network of institutional financiers and banks that purchase receivables through a real-time marketplace.

About M1 NXT: M1 NXT, a next-generation leading provider of working capital solutions, is a future-ready, seamless, competitive, secure, and paperless online platform. It is a digital marketplace for international factoring products, with approval received for conducting sandbox testing under the regulator’s supervision.

About M1xchange: M1xchange is a TReDS (Trade Receivables Discounting) exchange that started in April 2017. M1xchange facilitates the financing of trade receivables of MSMEs from corporate buyers through ‘factoring’ or ‘invoice discounting’ by financiers (Banks and NBFC). In a short span of time, M1xchange has onboarded 51 Banks/Financial Institutions, 1,200+ Corporates, and 15,000 + MSMEs and has facilitated discounting of invoices more than Rs 40,000 Crores.

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