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Indian Express Group announces investments in digital start-ups

  • The Indian Express
    Group has announced an undisclosed round of investments in emerging digital
    companies such as Envoged, PayMango India, Mr Homecare Services and Spiral
    Content Solutions,
    afaqs reported.
  •  
  • “Our first
    investment was in Chaldal — Bangladesh’s

    • The Indian Express
      Group has announced an undisclosed round of investments in emerging digital
      companies such as Envoged, PayMango India, Mr Homecare Services and Spiral
      Content Solutions,
      afaqs reported.
    •  
    • “Our first
      investment was in Chaldal — Bangladesh’s
      largest online grocery delivery company. After tasting success in our own
      digital growth story, we at the Express, are excited to be associated with such
      brilliant ideas and passionate entrepreneurs. These digital initiatives are promising
      and we believe they just need a little support to grow to their full
      potential,” said Anant Goenka, director, the Indian Express.
    •  
    • One of the companies
      in which the Express Group has invested in is PayMango India
      (paymango.com). It is a mobile marketplace platform for local businesses to
      manage and market their customer base.
    •  
    • The Gurgaon-based
      start-up was founded by Gajinder Singh and Ram Singla, both from IIT Delhi, in
      June this year. It has already raised funds well worth over Rs 1 crore. The duo
      had earlier launched a couple of mobile and marketplace plays.
    •  
    • “In the
      transformation of #DigitalIndia, The Indian Express is playing a pivotal role.
      The esteemed publication, through its quality coverage, has become the most
      shared voice amongst the youth on various social networks. PayMango shares the
      same vision of digital empowerment of local commerce by providing local stores
      an m-commerce platform to satisfy the demand of consumers,” Singh was
      quoted as saying in the
      afaqs report.
    •  
    • “For the country
      to reap benefits of the internet revolution, we need a Yumist, Groffer or
      UrbanClap in each locality. That’s how PayMango provides local commerce with
      wings to fly,” Goenka added.
    •  
    • Mr Homecare Services
      (mrhomecare.in), another digital venture in which The Express Group has
      invested in, is a professional on-demand maintenance services organisation for
      consumers and businesses alike.
    •  
    • “The Mr Homecare
      family is very happy to have The Indian Express on board as one of our
      investors. We look forward to engage and work closely with the Group as we look
      to build a strong back-end to service the aggregators in the on-demand home
      services space,” stated Rushabh Vora, co-founder and CEO, Mr Homecare
      Services.
    •  
    • Envoged, in which The
      Express Group has invested as well is a ‘re-commerce’ platform that allows
      owners of luxury goods like handbags, footwear and accessories to sell items
      that they no longer need. The platform takes care of collecting the items,
      consigning them, checking for authenticity, determining the ideal resale price,
      and then help sell them online.
    •  
    • Spiral Content
      Solutions (scatter.solutions.com), another company to have attracted investment
      by the Express Group, is a content marketplace that curates Indian and
      international content and makes it available for brands to use on social media
      and other digital platforms.
    •  
    • Rajan Srinivasan,
      founder and CEO, Spiral Content Solutions, said, “Our goal is to build
      tools and platforms to help brands become publishers. This relationship adds
      tremendous heft to us as we power ahead to build out a content marketplace of
      the highest quality.”

     

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