Archive: August 10, 2022

Esther Bell Promoted to Deputy Director of The Clark Art Institute

Williamstown, Massachusetts––Esther Bell, who currently serves as the Robert and Martha Berman Lipp Chief Curator of the Clark Art Institute, has been promoted to Deputy Director. Bell retains her curatorial role and takes on added responsibilities in overseeing the work of the Clark library, supervising visitor services activities, and supporting Director’s Office initiatives.

“In the five years since she joined the Clark’s staff, Esther Bell has proven herself to be an exceptional leader and a trusted colleague, and she brings great ingenuity and creativity to all aspects of her work. I have every confidence that she will manage her additional duties with the same keen eye for detail and deep commitment to the Clark’s mission that has made her such an important part of our team,” said Olivier Meslay, Hardymon Director of the Clark.

Bell joined the Clark staff in 2017 and has since been deeply immersed in the Clark’s special exhibition program as well as managing all aspects of the care, growth, and development of the Clark’s permanent collection. Bell co-curated the 2019 exhibition Renoir: The Body, The Senses, with George T.M. Shackleford, deputy director of the Kimbell Art Museum, Fort Worth, Texas, and was heavily involved in all aspects of the Clark’s first outdoor exhibition, Ground/work, which opened in 2020. She is the co-curator of an upcoming exhibition featuring French drawings from the Bibliothèque nationale de France and is preparing a major monographic exhibition for 2024 on Guillaume Guillon-Lethière (1760–1832).

“I am honored to serve as the Clark’s Deputy Director and am deeply committed to collaborating closely with my colleagues across the Institute as we bring new projects and programs to the forefront. The Clark has many exciting plans ahead and I look forward to working with Olivier Meslay, and with the entire Clark team, as we continue the important mission of serving our communities,” said Bell.

In addition to overseeing the Clark’s curatorial staff, Bell supervises the Institute’s Departments of Education and Public Programs. She is also active in several senior management working groups and internal staff committees, including its Diversity, Equity, Inclusion, and Accessibility Advisory Group.

In 2020, Bell completed a fellowship at the Center for Curatorial Leadership in New York, a rigorous program designed to identify emerging arts leaders and provide them with the training necessary to prepare them for work in the rapidly evolving cultural climate of the twenty-first century. Bell holds a doctorate in the history of art from the Institute of Fine Arts, New York University, with a specialization in seventeenth- and eighteenth-century European art. She earned a master’s degree from the Williams College/Clark Graduate Program in the History of Art, and a bachelor’s degree in the history of art from the University of Virginia. She completed a Fulbright Fellowship at the Musée du Louvre in 2003 and has held numerous fellowships.

Before joining the Clark’s staff, Bell served as the curator in charge of European paintings at the Fine Arts Museums of San Francisco. Prior to that, she was the curator of European paintings, drawings, and sculpture at the Cincinnati Art Museum. Bell began her career in New York, serving as a research assistant and curatorial fellow at both the Metropolitan Museum of Art and the Morgan Museum and Library. In 2015, Apollo magazine named Bell as one of the top ten curators in North America under the age of forty.

HerZindagi.com celebrates 75th Independence Day with an initiative “75 Buland Hausale”

10th August 2022, India– Herzindagi.com a leading women’s an entertainment & lifestyle portal by Jagran New Media, proudly celebrates 75years of India’s Independence by commemorating 75 women who have shaped our nation. These are the women who changed the course of Independent India with their zeal and contributed to the nation’s growth. HerZindagi honors and salutes some of the most powerful women in India’s past and present who, through their hard work, have contributed significantly to shaping and securing India’s future.

HerZindagi.com presents ’75 Buland Hausle’, an initiative to the power of some of the greatest women of the soil who have played a crucial role in creating and solidifying the future of India through their work. The campaign features women leaders and pathbreakers in post-Independence India, who defied the norms and knew exactly what it would take to create the future of their dreams.

75 Year.cdr

Megha Mamgain, Jagran New Media’s Associate Vice President for Content & Strategy, Health & Lifestyle, states: “The stories of the superwomen of India, must be celebrated. While most remember the men who contributed to building our nation, women’s accomplishments are often disregarded or not celebrated enough. On HerZindagi.com, we want to change that. To mark 75 years of our great country’s Independence, we bring to our readers a bank of stories that salute the women who paved the road to India’s glory. These are the stories, names and contributions that we as Indians must know, our future generations must know and celebrate.”

HerZindagi.com has a dedicated microsite for these 75 stories. The user has access to 75 stories that will inspire awe and patriotism with a single click. Right from the story of Neerja Bhanot, country’s first woman Ashoka Chakra Award winner, to India’s first woman Air Marshal, PaBandopadhyaydma, to Sushmita Sen, who brought the glory home by winning the first-ever Miss Universe Pageant, these are stories of women power, courage, leadership, strength, and love for the nation.

The microsite’s design and imagery are contemporary with a pop-art influence. The “75 Buland Hausle” campaign aims to reinforce the fact that women can accomplish anything they set their minds to and that a country cannot advance unless its women are given the freedom and opportunity to contribute as well.

This month long initiative will be live till the end of August featuring 75 stories that will awe and stoke patriotism and available to the user with just one click of the microsite :

https://www.herzindagi.com/hindi/events/India-post-independence-women-contributors

Merino expands its footprint in New Delhi with the luxurious Merino Experience Centre

– Merino inaugurated a 1700 sq. ft. experiential store in the furniture hub of the city 

10th August  Delhi: India’s leading manufacturer of high-pressure decorative laminates, Merino inaugurated its Merino Experience Centre in the Furniture hub of New Delhi – Kirti Nagar, today in presence of Mr. Rup Chand Lohia, Chairman – Merino Industries Ltd., Mr. Prakash Lohia, Managing Director – Merino Industries Ltd., and Mr. Govind Mundra and Mrs. Asha Mundra of Merino Industries Ltd. The experience centre has a varied range of products at display from the house of Merino. The concept has been designed to offer a complete experience to the consumers where the consumers can touch different surfaces, feel the exquisite textures and explore the mesmerizing offerings.

L-R - Mr. Prakash Lohia and Mr. R.C.Lohia gracing the ocassion

The 1700 sq. ft. gallery has products ranging from MerinoLam, Luvih, Gloss Meister, External Wall Claddings, Internal Wall Claddings, Merino Restroom Solutions, Lockers, Flush doors, Plywood Prelam, and Hanex, to name a few. The entire floor of the first of its kind, ultra-luxurious gallery will showcase the amazing range of fully finished products featuring Merino surface solutions.

On the occasion of this grand launch, Mr. Manoj Lohia, Director – Merino Industries Ltd. said, “We are delighted to take a step further with the launch of our unique and luxurious Merino Experience Centre in New Delhi. As the company is expanding business in other areas, it is important to have an Experience Center in Delhi.  This enables us to showcase all our products to influencers and consumers alike. As an industry leader, Merino looks at new and innovative ways of reaching out to consumers and this gallery will redefine the consumer experience.”

Merino has a remarkable presence in Delhi. This includes close to 20 main dealers and 800 sub-dealers spread across Delhi, Gurgaon and Faridabad through which the brand hopes to further strengthen its already strong position in the hearts of the consumers.

Merino has redefined the concept of imagination for good. While the world has confined the boundaries of laminates, Merino truly believes in its mantra of endless possibilities offering striking concepts and awe-inspiring designs. The launch of Merino Experience Centre in New Delhi encourages consumers to visit the store and experience the products before making an investment on furniture solutions.

AIWA releases special Independence Day & Rakhi offers on Luxury Acoustics Range

Raksha Bandhan and Independence Day are around the corner, and it is time to prepare special gift ideas for your loved ones. Gone are the days when chocolates, accessories, and other items were among the most popular gifting ideas. Now is the time to move from conventional gifting ideas to tech-based surprises. Keeping the same in mind, AIWA is back with yet another special offer on various items, meeting consumers’ gifting ideas for special occasions. You can avail yourself of these fantastic deals from August 8th, 2022, to August 15th, 2022.

AIWA’s high-fidelity Bluetooth speakers make an ideal gift for audiophiles and music enthusiasts who are looking for exclusivity, luxury, and high-quality sound. The new fashionable line makes a thoughtful present for your loved one, your friends, or your family. Because it is portable and has powerful rechargeable batteries, it can be used both indoors and outside. The products are available for purchase by customers via www.aiwaindia.com as well as on Amazon, Reliance Digital, and a few partner retailers. Technology and innovation have been the foundational pillars of AIWA products for more than seven decades.

AIWA SB-X350J Portable Bluetooth Speaker: MRP 17,990, Offer Price 12,990 (28% Discount)

AIWA SB-X350J Portable Bluetooth Speaker

The SB-X350J boasts two passive bass radiators (front + rear) for even sound dispersion and Qualcomm aptX HD (high-resolution audio), which supports 24-bit music quality via Bluetooth 5.0. It is a small, high-performance desk speaker with a soothing yet powerful personality. Additionally, this speaker has two 40 mm active audio drivers that were specifically created for it, as well as a Type-C charging port with a 3-hour charging time and a 5-hour playback period. The solid oxidised aluminium used in the construction of the SB-X 350J gives the speakers a premium appearance.

A control panel, an LED battery monitor, and a 3.5mm AUX-IN are also included.

AIWA SB-X350A Portable Bluetooth Speaker: MRP 19,990, Offer Price 15,990 (20% Discount)

AIWA SB-X350J Portable Bluetooth Speaker

This might be your best option if you believe that your loved ones are avid music lovers. The SB-X350 A is a class-leading sub-compact portable speaker with a sturdy aluminium build and high-lux finish. The speaker has two bass radiators that face in opposing directions and can be charged via Type-C while using 40 watts of electricity. It is the finest option for providing a fully immersive movie experience anytime and anywhere. Therefore, if you have music lovers in your family and friends, you should put the new collection by AIWA at the top of your priority list.

It is especially noteworthy that the TWS technology from AIWA enables seamless pairing of up to two Bluetooth speakers for increased output.

AIWA RS-X 60 Diviner Ace Portable Bluetooth Speaker: MRP 29,990, Offer Price 25,490 (15% Discount)AIWA SB-X350J Portable Bluetooth Speaker

You can gift your loved ones, these incredibly stylish speakers with superior sound and hand-stitched leather that will certainly give the best musical experience. The AIWA RS-X60 comes with 5+ hours of playback time, delivering 60 Watts of powerful music, Type -C charging, and fast charging. Moreover, the stylish speakers are equipped with Bluetooth and V5.0 and a 6000 mAH battery.

Ergonomically designed and stunning-looking speakers provide high-definition audio quality and are perfect for stylish interiors.

So, celebrate this Rakshabandhan & Independence Day with the best musical experience by switching to something unique and worthwhile. The new range is available on https://www.aiwaindia.com/, Amazon, Reliance Digital, and Selected Partner Stores.

AU Small Finance Bank raises total capital of INR 2,500 Crore comprising of Tier I equity capital of INR 2,000 Crore via QIP route and Tier II capital of INR 500 Crore by issuing 10-year subordinated bonds

Mumbai / Jaipur, 10th August 2022: AU Small Finance Bank Limited (AU Bank), India’s largest small finance bank by assets, today announced the successful completion of a total capital raise of ₹2,500 Cr comprising of Tier I capital of ₹2,000 Cr and Tier II capital of ₹500 Cr. This takes the Bank’s overall capital adequacy ratio (CRAR) from 19.4% to 25.7% (as on 30th Jun 2022 on pro-forma basis). The fresh capital will be used to support the Bank’s growth plans over the medium term and will help maintain sufficient headroom over and above the regulatory capital adequacy requirements.

The QIP Issue of ₹2,000 Cr (~USD 253mn) was launched on 3rd August 2022 at a price band of ₹570 – ₹590 per share and witnessed strong demand from both Foreign Institutional Investors (FII) & Domestic Institutional Investors (DII), and the QIP issue was oversubscribed 4x with bids crossing USD 1.01Bn and strong interest from marquee investors like sovereign wealth funds, large foreign portfolio investors, global asset managers, domestic insurance companies and mutual funds. The Capital Raising Committee (CRC) of the Bank fixed the issue price at ₹580 per share and approved allotment of 3,44,82,758 (Three Crores Forty-Four Lakh Eighty-Two Thousand Seven Hundred and Fifty Eight) Equity Shares of face value ₹10 each to 67 (sixty seven) allotted bidders.

Post converting into a Small Finance Bank in April 2017, this is the third and the largest primary equity capital raise by the Bank after raising ₹1,000 Cr from Temasek in 2018 and 2019 via preferential issuance and ₹625.5 Cr through Bank’s first QIP in March 2021.

AU Bank also raised Tier II capital via private placement of unsecured, subordinated, rated, listed, redeemable, non-convertible lower Tier II bonds in the form of Non-Convertible Debentures (NCD). The issue opened on 2nd August 2022 at a base size of ₹400 Cr with a Greenshoe option of ₹200 Cr and the issue witnessed strong reception from Qualified Institutional Buyers (QIBs) like mutual funds, insurance companies, banks, etc. resulting in 2x oversubscription with final bids of ₹1,110 Cr The bank eventually issued bonds for ₹500 Cr retaining a Greenshoe option of ₹100 Cr. The issue was rated ‘AA/Stable’ by CRISIL & CARE Ratings.

Speaking on the occasion, Mr. Sanjay Agarwal, MD & CEO, AU Small Finance Bank said, “I am overwhelmed and humbled by the response of investors to the successful completion of ₹2,500 Cr of capital raise with a mix of ₹2,000 Cr Tier I capital and ₹500 Cr of Tier II capital issuance amid the volatile market conditions. I am deeply grateful to all our existing shareholders for their participation in this issue and also welcome all the incoming newer investors – both FIIs and domestic investors, for their confidence in us and in supporting our growth plans. Our objective remains to build a best-in-class tech-led retail bank in India with a very sustainable business model and the fresh capital will significantly help us in that journey. With a post-issue CRAR of over 25% (pro-forma basis) coupled with sustained demand from the segments we cater to, and stable asset quality, we are well positioned to grow and take advantage of the tremendous opportunity that market provides us with. I remain a strong believer that this decade will be India’s and hope that the success of our QIP and Tier II issue and the overwhelming demand from FIIs will augur well for the overall sector”.

Cineline India Limited Q1 FY23 Revenue at Rs16.76cr

Mumbai, 10th August 2022 – Cineline India Limited, has made a comeback in the movie exhibition business under a new brand, MovieMax, announced its Unaudited Financial Results for the Quarter ended 30th June 2022

  • REVENUES – Rs. 1,676 Lakhs
  • EBITDA – Rs. 356 Lakhs
  • ADMITS – 7.3 Lakhs

FINANCIAL HIGHLIGHTS for Q1 FY23

  • Net Box Office Collections for Q1FY23 are Rs. 1,173 Lakhs
  • Net F & B Collections for Q1FY23 are Rs. 401 Lakhs
  • EBITDA Margins for Cinema Business stood at 21.2%
  • EBITDA impacted on account of increased manpower and marketing costs for future growth of the business
  • During June’22, big ticket Hindi movies did not perform well which impacted the footfalls, revenues and profitability
  • ATP stood at Rs. 190; SPH stood at Rs. 58; Total is Rs. 248

OUR CURRENT FOOTPRINT* (Includes Operational + Tied up Screens)

  • No. of Cinemas – 26
  • No. of Screens – 101
  • No. of Seats – 22,600+
  • Cities Present – 17 .. with many more in pipeline

Operational Screens – 11 Properties, 31 Screens

Screens under Fit Outs – 8 Properties, 40 Screens

Tied Up Screens – 7 Properties, 30 Screens

BUSINESS HIGHLIGHTS

  • Company commenced operations in all 23 screens within 15 days of takeover of screens
  • Monetized non-core assets;
  • Eternity Mall, Nagpur for Rs. 60 Crs.
  • 2 Commercial Spaces in Mumbai for ~Rs. 21 Crs.
  • Pre-payment of Debt of Rs. 57 Crs.
  • Company has issued convertible warrants of Rs. 35 Crs. to promoters on preferential basis and received Rs. 20.25 Crs. on allotment (Capital raised by Promoters)
  • Raised Interest free Advances from ticket aggregator
  • W.e.f. 5th August 2022, the on-screen advertisement space has been outsourced for a fixed fee

Commenting on the same, Mr. Rasesh Kanakia, Chairman, said – “Q1 FY23 was the first quarter of our Cinema Operations. We were pleased to see a strong traction of footfall at MovieMax in April and May. While going live online and creating brand awareness for MovieMax started in April, we did very good business.

In Q1 FY23, we clocked Revenues of Rs. 1,676 Lakhs and EBITDA of 356 Lakhs. Our EBITDA Margins stood at 21.2%. EBITDA impacted on account of increased manpower and marketing costs for future growth of the business.

We are seeing huge opportunities in the film exhibition space, and we will aggressively grow our business. We are focusing on Tier II & III cities because of lack of entertainment avenues, especially multiplexes. We want to increase our penetration and acquire more screens, PAN India. We will look to convert single screens into multiplexes.”

Safe Harbor

Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors.

Merisis Appoints Industry Veteran Ruchir Kapoor to Strengthen its Fintech Practice & Wealth Management Foray

Mumbai, 10th August 2022: Mid-market investment bank, Merisis Advisors announced the appointment of industry veteran Ruchir Kapoor as Director-Wealth Management & Co-Head Fintech.

Ruchir comes with 20+ years of rich experience across Wealth Management, Fintech, NBFC, Trade and SME banking and has led large teams across multiple geographies. He has worked with corporates like Swift, Essel Finance, Tata Capital and ICICI Bank and has managed book sizes of $400mn to $2bn.

Commenting on the appointment, Fazal Ahad – Managing Director, Merisis Advisors said, “We are excited to have Ruchir join us at a time when we are increasing our focus on fintech and foraying into Wealth Management. Ruchir’s breadth of experience, relationships and thought leadership will help us sharpen our focus in both these fields.”

Ruchir Kapoor

Ruchir Kapoor, Director – Wealth Management & Co-Head Fintech, said, “I am very excited to join Merisis. We believe the Fintech space will continue to attract talent and capital. I am excited to be part of its strong Fintech focussed team to augment our fintech practice. Merisis has strong connections with many founders and entrepreneurs and wealth management is the logical progression to complete its offering. I am excited to be part of it at the initial stage itself.

Amazon Fresh is now present across 6 cities in West Bengal

Durgapur, August 10, 2022: Amazon India today announced the expansion of Amazon Fresh, its full basket grocery service to Asansol, Chinsurah, Paschim Bardhaman, Burdwan and Durgapur. The Amazon Fresh app-in-app experience will offer a wide selection of over 3,000 grocery products including fruits, vegetables, chilled products, beauty, baby, personal care, and pet products among other daily grocery needs. Customers in West Bengal will be able to enjoy super value savings and 3-hour delivery slots starting 8 AM to 8 PM.

Srikant Sree Ram, Head, Amazon Fresh said, “Amazon Fresh is a one-stop online destination that offers customers vast selection, unmatched value, and convenience. We are committed to serve our customers and are driven by our commitment to be an ‘everything’ and ‘everyday’ store. With this launch, customers in West Bengal will be able to purchase high-quality fresh fruits and vegetables delivered safely to their doorstep. 

Additionally, in our endeavour to enable local farmers across the region to leverage the marketplace and become a part of the digital economy, we source fresh produce directly from them. We provide them with agronomy services to improve the farm yield such that the customers can have easy access to high-quality fruits and vegetables.”

For Prime members, Amazon.in has introduced free shipping, i.e., *free delivery on all orders above INR 199. Customers can also benefit from the Supersaver deals that will help them save more when they want to stock up for the month. Apart from great savings, wide selection of products, and fast and convenient delivery options in one single online destination, Amazon Fresh has upgraded shopping experience, with a dedicated app-in-app for grocery, and convenient features like personalized widgets and reminders to ensure that frequently shopped items aren’t forgotten during checkout.

To assure customers of quality produce, Amazon continues to invest in a state-of-art technology robust temperature-controlled supply chain infrastructure that provides high-quality fresh fruits and vegetables to the customers. Amazon uses the technology to inspect and monitor quality at multiple stages once the produce is sourced from farmers and dispatched to the processing centres. The fresh produce (fruits and vegetables) is then sorted, graded, and packed in different sizes at the processing centres and dispatched to Amazon Fresh fulfilment centres located closer to customers. The fulfilment centres operate with 4 separate temperature zones (Ambient, Tropical, Chilled and Frozen) to maintain the quality and freshness of produce. Amazon is committed to making the best use of its agro-tech capabilities to assist the farmers in improving their farm yield, and its customers with high quality produce.

Clicking on the Amazon Fresh icon on the homepage takes you to the dedicated grocery shopping store, where you’ll find features that help you build your weekly/monthly basket in a few minutes. Shopping for groceries online has become more rewarding, fast, safe, and convenient with Amazon Fresh.

Bandhan of comfort

The celebration of comfortable sibling relationships is here. While sweets, money, and chocolates have been the traditional way of gifting, sisters have now taken up the role to make their brothers feel appreciated and thanked by gifting them a long-lasting comfortable fashion.

Ultimately, the ideal presents during this festive season are those that express your love for your siblings and mirror your unique bond with them.

However, there is no rule when it comes to gifting. Whatever you choose, make sure your sibling feels grateful forever for quality products that are timeless, just like their love and care for you.

Are you looking to give your brother something that lasts long, that reflects quality over quantity? Then we have the right solutions below.

Box of Comfortable Fashion

Fashion

For your brother, you can never go wrong with gifting them premium quality comfortable clothes which they will truly appreciate. But when it comes to their clothing, men seem to fall into two categories: those who are particular about what they wear and those who have worn the same outfit for decades without a care in the world. Men who are selective about what they wear want to be fashionable and confident in their clothing. Men who aren’t as picky may choose classic clothing that never goes out of style. So, why not surprise your brothers with effortlessly stylish quality fashion from DaMENSCH. Offering a wide range of apparel from casualwear to loungewear and essentials for men, this Made in India brand is one of the fastest-growing fashion labels in India. DaMENSCH 500-Day Collection features innovative 4-way stretch chino shorts, superior cotton Tees, Joggers, and thermoregulating Polos. It’s the world’s first 500-day warranty fashion collection. Yup, imagine how that would make your brother feel, to own a wardrobe filled with clothes that last long, looks good, and is a world-first fashion range with a warranty!

So, celebrate this special day by gifting him comfortable fashion from DaMENSCH. 

Personal Care Hamper

personal care products

If you’re looking for the ideal customized present for this Rakhi, consider a personal care hamper. Cosmetics and skincare products, as well as bath and body goods, might be included in this thoughtful present. Because it is customisable, you can be sure that the hamper will be tailored to your sibling’s specific preferences. A personal care hamper is guaranteed to delight, whether you’re searching for an indulgent treat for your siblings.

A Vacation Gateway

A Vacation Gateway

This is one of the nicest Rakhi gift ideas possible. A trip to your sibling’s favorite location, where they can spend some quality time! If you don’t know where they like to go, you can always ask your mother. Confirm the travel tickets, book your hotels, and surprise your siblings! When it comes to booking your stay, Shangri-La Hotels is your go-to place with amazing city views and great offers. With stay and dining benefits, Shangri-La’s ‘Delectable Foodcation’ package is the ultimate choice designed for the true foodie. The offer includes an overnight stay in a luxurious room with gourmet breakfast in bed, including a One-metre Dosa experience. Also, guests can head to the all-day dining restaurant, b Café, for a limitless lunch or dinner buffet prepared and staged at interactive live kitchens while indulging in cuisines from around the world. A 20% discount can be enjoyed from any of the eight dining outlets on food and soft beverages, and for a relaxing treatment at CHI, The Spa as well that starts from INR 7999 plus taxes on average per night.

Stylish Kit 

Stylish Kit 

A stylish cosmetics and skin care kit will make the ideal gift for your sister if she enjoys applying makeup. We assure you that if you get a beauty kit for your sister, she will truly appreciate it. Express your feelings and emotions to your loved ones by gifting them a wide collection of stylish makeup and skin care products such as Aragma vitamin C moisturizer, 18 hours stay Miyuki liquid lipsticks, waterproof 12 hours stay Mystic Kajal, Liquid waterproof non-transfer eyeliner, Miyuki eyeshadow collections, Aragma advanced face serum oil and many more.

Cool Pair Of Shoes

Cool Pair Of Shoes

Choosing the right gift is never easy, but finding something for the casual shoes or sports shoe fanatic in your life doesn’t have to be. There is a casual or sports shoe for everyone, from casual comfort to high-performance shoes. And, with so many different designs and brands to select from, you’re likely to find something that suits their personality and lifestyle.

Gift Vouchers

Gift Vouchers

Gift vouchers are an excellent way to show your loved ones how much you care. Whether it’s for an unconventional occasion, Raksha Bandhan, a voucher is always appreciated. And, with so many various sorts of vouchers to choose from, you’re sure to discover the ideal one for that special someone. So, the next time you’re stuck on present ideas, remember that a voucher is always appreciated.

GrubTech teams up with Geidea to provide cutting-edge e-payment solutions for restaurants and cloud kitchens in Egypt

The action meant to boost GrubTech digital transformation policy and ease payment process

GrubTech’s Founder and CEO Mohamed Al Fayed: “The agreement is a part of the company’s strategy that aims at expanding in establishing grand commercial partnerships with major key players in F&B market in MENA”

GrubTech’s Egypt Country Manager Osama Harfoush: “This cooperation represents a significant step in terms of GrubTech’s plan to build a system integrates with its objectives to create a platform that contains all solutions the restaurants and cafes in the local market need”

General Manager of Geidea in Egypt Ahmed Nader: “Collaborating with GrubTech is an imperative action for Geidea in order to expand in F&B market that is growing rapidly in Egypt”

Head of Commercials at Geidea Ahmed Magdy: “We target expanding our operations in F&B sector by introducing cutting-edge e-payment solutions”

Cairo, 10 August, 2022 -: GrubTech, UAE’s leading cloud kitchens and restaurants tech solutions provider, signed an agreement with Geidea, a leading e-payments and fintech platform, to provide its services for the BOSs of GrubTech’s clients.

This cooperation will avail an added value and new merits for GrubTech’s clients in the Egyptian market.

GrunTech’s Egypt Country Manager Osama Harfoush, and Head of Commercials at Geidea Ahmed Magdy signed the agreement in the presence of GrubTech’s Founder and CEO Mohamed Al Fayed and the General Manager of Geidea in Egypt Ahmed Nader.

Founded in 2019, GrubTech is a platform that provides tech solutions to manage cloud kitchens and restaurants in a way that enables them automating their businesses and managing food delivery process online.

GrubTech also provides sales and marketing solutions as well as in-depth analyses of restaurants data that contributes to accelerating their work and reducing their costs as well.

For Geidea, it is currently the favorable choice for merchants in the Egyptian market who seek to count on the fastest and easiest e-payment solutions.

For the first time in the local market, Geidea provides a unique and integrated services that qualified it to acquire a large market share of the e-payments in Egypt.

Commenting on the signing, CEO and Founder of GrubTech Mohamed Al Fayed said that this agreement is a part of the company’s strategy that aims at expanding in establishing grand commercial partnerships with the major key players in food and beverages (F&B) market in MENA region.

“This cooperation will come into effect in Egypt, originally, and then it is planned to cover other countries that GrubTech operates in, including in MENA; Asia and Africa”, Al Fayed added.

Egypt’s Country Manager of GrubTech expressed his excitement of inking the agreement, asserting that it represents a significant step in terms of GrubTech’s plan to build a system that integrates with its objectives to create a platform that contains all solutions the restaurants and cafes in the local market need.

“Tech solutions GrubTech provides benefit its clients in easing selling and purchasing transactions, tapping digital transformation policy all institutions across the world adopted recently towards sustainable development goals achievement by 2030”, said Harfoush.

On his side, General Manager of Geidea in Egypt Ahmed Nader said that he is pleased about this cooperation with GrubTech as one of the leading tech solutions providers as well as a cloud kitchens and restaurants management system designer.

“This agreement is an imperative action for Geidea in order to expand in F&B market that is growing rabidly in Egypt. It will enable cafes and restaurants owners to work more efficiently, while providing a better experience in terms of online food delivery. It will also help the business owners increasing sales through utilizing multifarious trademarks via a single window in an easy way”, Nader stated.

Head of Commercials at Geidea Ahmed Magdy said that the company’s vision is providing all merchants and business owners with innovative payment solutions that help growing their businesses and facilitating their management.

“Through collaborating with GrubTech, we target expanding our operations in F&B sector by introducing cutting-edge e-payment solutions. Cloud kitchens and restaurants sector is notably growing in Egypt with accelerating digital transformation, which gives us a significant opportunity to provide an all-in-one operating system that eases the process for our clients”, according to Magdy.