Tag: Amit Sharma

News

Cactus Partners invests dollar5 million in Indigrid Technology

Jun 13, 2024 by Mansi Praharaj 0 Comments #‘Made-in-India’, #Amit Sharma, #Cactus, #Indigrid Technology, #Sameer Narang

Mumbai, 13 June 2024: Cactus Partners (CP), an early growth-stage venture capital fund, today announced an investment of $5 million in full stack EV component supplier Indigrid Technology.

This marks the seventh investment made by CP and the second in the EV component manufacturing space. The fund, which started investing in January 2021, has already made investments in companies such as Kapture, Vitraya, AMPM, Auric, Lohum, and Rubix (exited).

cactus

Indigrid Technology has its manufacturing operations in Manesar and is a preferred vendor to a wide gamut of customers, including the likes of JP Minda, Hella, Revolt, Bounce, and Xidda, to name a few. With a customer centric approach, deep domain expertise, a robust product portfolio, and a growing customer base, Indigrid is well positioned to become an EV component powerhouse—“Made in India”—for India and the world.

For Indigrid Technology, the capital infusion will be directed towards several key initiatives: significantly expanding production capacity to meet growing demand; enhancing, and diversifying product offerings to appeal to a broader customer base; broadening their presence in both Indian and global markets to increase market share and reach; and strengthening the team by investing in talent acquisition, training, and development to support growth and innovation goals.

Amit Sharma, General Partner at Cactus Partners, commented on the transaction, saying, ” We are thrilled to partner with Indigrid, recognizing the unwavering commitment the founding team brings into the business. We are impressed by Sameer and Rishab’s absolute commitment to their vision, dedication to innovate, agility to understand and solve customer problems, abide by highest ethical standards, and a relentless dedication and resilience to surmount challenges and build a profitable and sustainable business. We believe the time is right for Indigrid to build upon its initial success and establish itself as a critical member of the growing EV ecosystem in the country. Indigrid will be a leading example for the “make in India” initiative. CVP, as per our stated strategy, will support the company with all our strategic resources in addition to the capital infusion.”

Speaking about the fundraise, Sameer Narang and Rishab Puri, co-founders at Indigrid, said, “We are thrilled to welcome Cactus as our new partner. Their alignment with our goals and values was a key factor in this collaboration. Cactus Partners shares our vision for a sustainable future powered by advanced EV technologies and is committed to supporting our efforts to localise innovation, manufacturing, and growth. This investment will enable us to boost our product development efforts, ensuring we stay ahead of the high growth demand curve in the rapidly evolving EV market. Our focus on creating high-quality and reliability is paramount, and this partnership will support and enhance our mission”.

In December last year, Cactus Partners had concluded the final close of Fund I at a total corpus of about Rs 630 crore. The venture capital firm received capital commitments predominantly from institutional investors and family offices, of which 60% originated from domestic sources and the rest from international limited partners based in the US, Singapore, the European Union, and the UK. The fund has a broad sector focus, with its primary interests being in climate tech, health tech, and B2B SaaS businesses.

News

Madan Bahal, Prateek Bhardwaj, and Amit Sharma Named Jury Chairs for Abby Awards 2024

May 10, 2024 by Sujata Muguda 0 Comments #Abby Awards 2024, #Amit Sharma, #Madan Bahal, #Prateek Bhardwaj

10th May, 2024; Mumbai, India: Madan Bahal, Co-Founder and Managing Director of Adfactors PR, Prateek Bhardwaj, Chief Creative Officer and Head of Creative (India) at Lowe Lintas and Amit Sharma, Founder Director of Chrome Pictures join as jury chairs for Public Relations category, Direct category and Video Craft category respectively, at The Abby Awards 2024 powered by One Show.

Prateek Bhardwaj, Chief Creative Officer and Head of Creative (India) at Lowe Lintas

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Madan Bahal, Co-Founder and Managing Director of Adfactors PR, has been appointed Jury Chair in Abby Awards 2024 powered by One Show in the Public Relations category.

Adfactors is India’s largest and most recognised public relations firm. Founded in 1997, Adfactors PR is also the youngest and the only independent firm in its peer group in India.

Over the last 25 years, Madan has had the privilege to serve as a lead communication counsel in many of the milestone events of Corporate India, including fundraises, M&As, disputes, litigations, issues, and crises. The firm currently serves over 500 retained clients, including many of India’s leading conglomerates, corporations, unicorns, financial institutions, and NGOs.

In 2022, the Arthur W. Page Society inducted Mr Bahal into its Hall of Fame. Some of the prominent recognitions that he has received so far include: International Communications Consultancy Organization’s (ICCO) Hall Of Fame (November 2017), PRovoke’s Individual outstanding achievement in Asia-Pac (September 2013), Communicator of the Decade by the Public Relations Council of India (PRCI), and the Life Time Achievement Award by the Public Relations Society of India (PRSI).

In October 2020, PRovoke recognised his firm as one of the seven global agencies of the decade.

A vocal advocate of continuous learning and development for PR practitioners, Madan is regarded for providing leadership in the Indian PR industry during major adverse events such as the global financial meltdown during 2008 and the two years of the Covid-19 pandemic.

Prateek Bhardwaj,Chief Creative Officer and Head of Creative (India) at Lowe Lintas has been appointed Jury Chair in Abby Awards 2024 powered by One Show in the Direct Category.

With over 20 years in the business, Prateek has earned a slew of prestigious awards including the Grand Prix at Cannes Lions and Jay Chiat Awards, and the coveted Black Pencil at D&AD.

Prateek is ranked India’s No.1 most awarded creative for 2018, according to various sources, including CampaignBrief Asia. Prateek was the Creative Director behind the much acclaimed recent work on Nescafé (stammering comedian and RJ Rishi), Ministry of Public Health, Afghanistan (Immunity Charm), and Incredible India.

His other notable work includes long-running campaigns for Dettol and PayTM and the still-famous launches of Sprite (Bujhaye only pyaas), Kinley, and Chlor-mint.

Prateek has also been a creative entrepreneur and founded Eleven Brandworks in 2008.

Amit Sharma, Founder Director of Chrome Pictures, has been appointed Jury Chair in Abby Awards 2024 powered by One Show in the Video Craft category.

Amit is a leading ditrctor of ad films and now feature films. Some of his groundbreaking TVCs are Pooja Didi – Facebook, Dove #StopTheBeautyTest, Lifebuoy – Help A Child Reach Five, Silent National Anthem, Google Reunion and many more.

Amit has bagged several prestigious awards including Cannes Lions, D&AD, Spikes Asia, Adfest, London International Awards, Abby among others.

Amit’s style of filmmaking has always revolved around topics that question the society at large and challenges its norms. For instance, his National award winning feature film, Badhaai Ho (directed and produced under his banner Chrome Pictures), addresses the issues that a middle aged couple, with two grown sons, face when they get pregnant at the age of 51.

His latest film “Maidaan”, a biopic starring Ajay Devgn on the Indian football coach Syed Abdul Rahim has done well at the box office.

With a focus on choosing subjects which are path breaking and unconventional, Amit believes in telling stories which are relatable, relevant and thought provoking.

bagasse-based packaging
Business

Compostable tableware brand, CHUK, introduces bagasse-based packaging for food delivery

Dec 9, 2021 by Gouri Achary 0 Comments #Amit Sharma, #CHUK, #Compostable tableware

India’s leading compostable tableware brand, CHUK, has recently launched 100% compostable, bagasse-based food delivery solutions. The sustainable food delivery solutions will cater to the entirety of the food delivery ecosystem, including QSRs, dark kitchens, delivery kitchens, and cloud kitchens.

With two years of industry research and extensive design and function experimentation, the compostable containers have been developed in various sizes – 350 ml, 500 ml, 750 ml, and 1000 ml. Each container is expertly designed with lids to prevent spillage and facilitate a superior customer experience.

The food delivery space is currently dominated by plastic containers, which disturb biodiversity and choke the environment. With its latest innovation, CHUK is bridging a gap by bringing forth sustainable alternatives to single-use plastics for adoption by the foodservice sector. With the new category launch, CHUK will be able to access a wider customer base by leveraging key distribution channel partners deployed across major states and capitals to develop a robust supply network”.

With an aim to sell 8-10 million units per month, CHUK envisions revenue growth to the tune of 60% month-on-month with 50% overall revenue growth from delivery and dine-in domains. In the upcoming financial year, CHUK intends to unlock a 3-4-fold increase in revenues.

Speaking on the launch, Amit Sharma – Business Unit Head, CHUK said, “After consolidating a leadership position in the QSR space with dine-in products, launching delivery solutions was the next natural progression for CHUK. We have seen incremental demand for compostable, eco-friendly delivery options from our cloud/dark kitchen and QSR partners. The new solutions will help them, and other industry players move away from single-use plastic while strengthening our relationship with them.” He added, “CHUK prides itself on its innovation-focused vision and continuous evolution of products and services for our customers and partners. It is through continuous innovation that we have solidified our stance at the forefront in the segment while solving customer problems and offering specific solutions. We look forward to helping our partners achieve their sustainability goals and delivering immense value to them through our latest launch.”

CHUK has been riding a steady wave of success, with 20-25% month-on-month growth in revenue and sales. After a stellar year, the brand is looking forward to doubling its revenues viz-a-viz last year. With its latest innovation, it intends to capture the lion’s share in the market, particularly in the QSR and HORECA space. It is also looking to launch a factory catering solely to its new sustainable food packaging category.

cricket
Business World

Omaxe Premier League 2020 Showcases Amazing Matches, Amsterdam Kings Team Grabs The Winning Cup

Oct 31, 2020 by Gouri Achary 0 Comments #Amanpreet, #Amit Sharma, #Amsterdam Kings, #London Warriors., #Omaxe Premier League 2020, #Sunny Sarpa, #World Sports Academy

Omaxe Premier League 2020 Tournament was organized at World Sports Academy situated near Omaxe World Homes, Sector 97, Faridabad. The energetic cricket tournament was won by the team Amsterdam Kings while Runners-Up title was grabbed by the team of London Warriors. The tournament was attended by good number of cricket lovers who cheered and supported their teams with full enthusiasm.

The finale match had Amsterdam Kings batting first on the field, the team made a score of 188 runs with a loss of 6 wickets in 20 overs. London Warriors chased the opponent team and made a score of 140 runs in 20 overs with a loss of 9 wickets. Sunny Sarpa completed his century, with a score of 121 runs in 57 balls. Amit Sharma from London Warriors also took 2 wickets within 4 overs.

The league began around 2 in the afternoon and extended up to late evening. Four teams participating in the League were Amsterdam Kings, London Warriors, Paris Spartans and Portugal Riders. The names of participating teams were based on the theme of worldly destination retail spaces situated in Omaxe World Homes.

The league began with two phases of Semi-Finale to take out the final contenders. First semi-finale was between the teams of London Warriors and Paris Spartans. London Warriors emerged victorious and became the first finalist. Second semi-finale was between Portugal Riders and Amsterdam Kings. Finally, Amsterdam Kings being the second finalist also became Champions of the entire league.

All the players were honoured at the end of the league, Sunny Sarpa was awarded the title of ‘Man of the Series’ for his commendable performance, and Amanpreet received the title of ‘ Best Bowler of the Series.’ The entire league received a great response from the audience and people were happy to be a part of the match as it keeps them fit and entertained at the same time.