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Billionaire Mark Cuban Launches Generic Drug Company Cost Plus

25Jan By AdityaNo Comments

News

Billionaire Mark Cuban Launches Generic Drug Company Cost Plus

Entrepreneur & Investor Mark Cuban has launched a low cost generic drug company called the Mark Cuban Cost Plus Drug Company. According to the company, its first product which is Albendazole, an antiparasitic drug that currently has a market price of approximately $225 per tablet is going to cost only $20 per tablet in retail price. The Mark Cuban Cost Plus Drug Company will make and distribute the Albendazole drug approximately $13.00 per tablet added with 15% profit margin. So the final cost for a wholesale price to pharmacies, clinics, hospitals, etc will be $15 per tablet. "Our low cost albendazole product allows physicians to affordably treat hookworm outbreaks throughout America that were previously too expensive to treat systemically before.", the company sai...

19Jan By AdityaNo Comments

INDIA

How To Become A Successful Lottery Agent In India

The lottery is one of the most popular gambling games, mostly played by common people worldwide. Well, for a population as huge as India, inculcating a culture of playing the lottery would be an extravagant affair. Read on to stay ahead of the curve and claim your title as the biggest international lottery agent in India! The Mindset Before starting any business at all, you need to have the appropriate mindset of an entrepreneur. Perhaps the business world is a lot like the lottery itself - for every winner, there are hundreds of losers who let their dreams go when the going gets tough. You need to realize that you’ll probably have to invest a lot in your business - and not just your money! So keep at it and trust your plan! The Licensing Roadblocks Since the lottery is ...

BharatPe raises $20 Million from Alteria Capital, ICICI Bank

18Jan By AdityaNo Comments

FUNDING

BharatPe raises $20 Million from Alteria Capital, ICICI Bank

New Delhi, 18th Jan 2021: Indian fintech company BharatPe raises about USD 20 million in debt funding from venture firm Alteria Capital and ICICI Bank that will be used to strengthen its lending business and provide credit to merchants. Founded by Ashneer Grover and Shashvat Nakrani in 2018, BharatPe offers merchants a single interface for all UPI apps like Paytm, PhonePe, Google Pay, BHIM, Mobikwik, Freecharge, and others. BharatPe co-founder and CEO Ashneer Grover said $13 million in debt came from Alteria Capital, while the remaining $7 million was from ICICI Bank. Bharat Pay also facilitates loan facility for its merchant partners. Last week, BharatPe raised around $8 million in debt funding from Innoven Capital. With this, BharatPe has raised a total of USD 28 ...

Quick Heal invest $2 mn in Israel based L7 Defense

15Jan By AdityaNo Comments

FUNDING

Quick Heal invest $2 mn in Israel based L7 Defense

California, 15th Jan 2021: Antivirus firm Quick Heal Technologies invested $2 million in an Israel-based cybersecurity startup L7 Defense. L7 Defense specializes in Application Program Interface (API) Security and Next Generation Web Application Firewall (NG-WAF). This is the second round investment by Quick Heal in L7 Defense. Last Year Quick Heal invested $300,000 in L7 Defense to acquired customers in financial, telecom and IT industries across US and Europe. Dr Kailash Katkar, Managing Director and CEO, Quick Heal said, "L7 Defense has proven its unique capabilities in the area of API Security and NG-WAF which led us to further increase our investment. Simultaneously, this move enables 'Seqrite' to foray into application security and strengthen our solution stack to secure m...

13Jan By AdityaNo Comments

ACQUISITION

Byju’s to acquire Aakash Institute for $1 billion

New Delhi, 13th Jan 2021: India based leading Edtech platform Byju's will acquire one of the established coaching institutions of India Aakash Educational Services, that provides test preparation for NEET, IIT JEE Main and many others, for $1 billion. The Byju's app has over 70 million registered students and 4.5 million annual paid subscriptions. The deal, termed as one of the largest edu-tech acquisition in the world, will likely be closed in the next two or three months, as per Bloomberg reports. Byju's is valued at $12 billion and has raised significant capital amid growing demand for online learning amid the covid-19 pandemic. The Bengaluru-based startup is backed by Facebook founder Mark Zuckerberg's Chan Zuckerberg Initiative, Tiger Global Management and Bond Capital, ...

Alarm.com Develops the First Touchless Video Doorbell

11Jan By AdityaNo Comments

Tech

Alarm.com Develops the First Touchless Video Doorbell

TYSONS, Va., 11th Jan 2020-- Alarm.com (Nasdaq: ALRM) has released the first commercially available video doorbell that rings without requiring any contact to reduce public health risks and make home visits and deliveries safer for all. The Alarm.com Touchless Video Doorbell is the next generation of video doorbells, combining sleek design with some of the most advanced video intelligence available to consumers for touch-free operation. It is the latest technology innovation from the company that pioneered smart home security. The Alarm.com Touchless Video Doorbell eliminates the need to physically press a doorbell button. Anyone coming to the front door simply stands on a doormat placed at a safe distance to ring the chime. ALARM.COM Rather than using motion detection common to...

6Jan By AdityaNo Comments

FUNDING

BoAt raises $100 million in funding from Warburg Pincus

New Delhi, Jan 6, 2020: Indian based famous electronic gadgets brand boAt has raised $100 million (about Rs 731.6 crore) in funding from an affiliate of Warburg Pincus, a global private equity firm. While boAt did not disclose the valuation at which the funds were raised, it said the fresh capital will enable it to further fortify its leading market position and widen its Research and development (R&D) capabilities and product portfolio. The funding will also help build on boAt's efforts to create and support a manufacturing ecosystem under the Make-in-India initiative, a statement said. The product portfolio of boAt includes headphones, earphones, smartwatches, speakers, travel chargers and premium cables. Launched in 2016, boAt currently has approximately 150 employees o...

Herbalife Repurchase Shares Worth $600 Million from Icahn Enterprises

4Jan By AdityaNo Comments

BUSINESS

Herbalife Repurchase Shares Worth $600 Million from Icahn Enterprises

LOS ANGELES, 4th Jan 2021-- Herbalife Nutrition, a premier global nutrition company entered into an agreement to repurchase approximately $600 million of the Company’s common shares from Icahn Enterprises. The purchase of the shares will be funded from Herbalife Nutrition’s cash on hand and existing credit facility. The repurchase of shares is a part of the Company’s 2018 program that will have resulted in the Company repurchasing a total of approximately $1.5 billion in shares. After this transaction Icahn Enterprises will hold approximately 8 million Herbalife Nutrition common shares, representing approximately 6% of the outstanding shares. In 2013, at a time when Herbalife Nutrition was under pressure from short sellers, the Company agreed to give Icahn Enterprises five b...

30Dec By AdityaNo Comments

Tech

cPanel Announce Release of WP Toolkit

HOUSTON, Dec 30th, 2020-- cPanel, a global leader in web hosting automation software release of WP Toolkit for cPanel, a feature-rich application with user-friendly installation, configuration, security, and management of WordPress websites. WP Toolkit for cPanel exists as both a free version (Lite) and as a paid upgrade (Deluxe). All of the functionality one could hope for in a WordPress tool, such as staging and cloning, is included, saving time and simplifying the management of single or multiple WordPress installations. "We set out to reinforce our alignment with, and investment in, the global WordPress community. We then developed this product as a long-term solution based on conversations with our Partners about the evolving needs of their customers," said J. Nick Koston, Ch...

Chinese regulators order Ant Group to rectify its Businesses

28Dec By AdityaNo Comments

CHINA

Chinese regulators order Ant Group to rectify its Businesses

Hong Kong, Dec 28th, 2020 (AP): Chinese regulators have ordered Ant Group, the world's largest financial technology company, to rectify its businesses and comply with regulatory requirements amid increased scrutiny of anti-monopoly practices in the country's internet sector. The People's Bank of China, the country's central bank, summoned Ant executives and ordered them to formulate a rectification plan and an implementation timetable of its business, including its credit, insurance, and wealth management services, the regulators said in a statement. The statement said Ant Group lacked a sound governance mechanism, defied regulatory compliance requirements and engaged in regulatory arbitrage. It also said that the company used its market position to exclude rivals and hurt the ri...

Pet Care Industry Continues to Grow Amid Pandemic

22Dec By AdityaNo Comments

BUSINESS

Pet Care Industry Continues to Grow Amid Pandemic

For many industries, travel, and hospitality to name a few, the pandemic has been extremely detrimental to sales. The list of businesses that can say the circumstances surrounding COVID-19 have been beneficial is short. While the focus has mostly been on eCommerce and remote tech, which individuals and businesses have relied on as we shift to a digital world, one industry that has been quietly making steady growth is pet care.The demand for pet care, from food to veterinary services, rose over the course of the pandemic. One surprising and heart-warming reason for it is the growth in the number of people adopting and fostering pets. In the US, Wired reports that animal shelters have run out of pets that are available for adoption a remarkable problem to have in a country that’s overrun wi...

Info Edge Ventures gets $50 Million Commitment from Temasek

18Dec By AdityaNo Comments

BUSINESS

Info Edge Ventures gets $50 Million Commitment from Temasek

New Delhi, Dec 18th, 2020: Info Edge Ventures said China based Temasek committed about USD 50 million to the fund. Info Edge Ventures is a $100 early-stage venture capital fund backed by Info Edge, parent company of Naukri.com. The fund was launched in January this year. "Temasek, a global investment company headquartered in Singapore, has committed about USD 50 million to the fund, which will continue to explore India-focused opportunities enabled by technology," a statement said. Since its establishment, the fund has already invested in nine early stage startups in e-commerce, digital media, fintech, edtech, healthtech, gaming and SaaS segments. These companies include DotPe, Bulbul, Qyuki, Fanclash, Truemeds, Rusk Media, FirstHive, Polymerize and Udayy. "We are del...