Connect with us

News

Bootstrapped start-up ShipGlobal.in ropes in Ashneer Grover as an early investor

Published

on

Bootstrapped start-up ShipGlobal.in ropes in Ashneer Grover as an early investor

Ahead of its funding round, ShipGlobal, a home-grown global shipping service, has announced that it has secured its first cheque from Ashneer Grover. The bootstrapped start-up based in Delhi will begin its Pre Series-A round in the coming weeks. Ashneer Grover, a well-known investor in the Indian start-up ecosystem, is a testament to ShipGlobal’s success in providing effective and profitable logistics solutions for small and medium-sized enterprises (SMEs) in India.

ShipGlobal’s co-founders, Aayush Anand, Angad Arora, and Vaibhav Kapur, have been working tirelessly to help SMEs in India go global by providing them with cost-effective and reliable logistics solutions. Their dedication has paid off, as ShipGlobal has grown 100x in just one year, a rare feat for any company, especially in the operations business.

Ashneer Grover  was quick to recognize the potential of ShipGlobal’s business model and its ability to tap into the growing SME export market in India. In a post on LinkedIn, he further added, “It’s rare to find bootstrapped companies grow 100X in 1 year in an ops business – PROFITABLY. As India grows SME exports – this business is poised to grow by leaps.”

Started in 2022, ShipGlobal’s journey began with an investment of a simple $10,000. In one year of its operation, the start-up has delivered over a million packages and reached over 220 countries. ShipGlobal’s platform simplifies international shipping for SMEs in India, providing a one-stop shop for a range of services such as customs clearance, tracking, and real-time rates from multiple carriers. This enables SMEs to easily expand their reach globally and choose the most cost-effective shipping option for their needs.

ShipGlobal’s co-founders expressed their gratitude for the support they have received from Ashneer Grover and other investors. Aayush Anand, co-founder and CEO further added, “Often referred to as the backbone of the economy, SMEs make up for 90% of all enterprises in our country and reportedly employ approximately 100 million people across India. With ShipGlobal, we aim to create an environment of holistic evolution for everyone by aiding the growth of the sector and opening doors of opportunity globally.”

With the upcoming funding round and its expanding customer base, ShipGlobal is poised for exceptional growth. The business is well-positioned to take advantage of the expanding prospects in the international export market.

About ShipGlobal.in

ShipGlobal is a global shipping service that allows you to send business packages, important documents, e-commerce orders as well as personal orders by individuals. Backed by a strong network and industry experience, ShipGlobal offers a complete range of cross-border shipping services covering more than 220 countries across the globe.

News

Internet Service Provider Omni Fiber announces $150 Million in financing from Stonepeak Credit to continue rapid expansion in the Midwest

Published

on

Omni Fiber, a regional Fiber Internet Service Provider with operations in over 25 markets in Ohio and Pennsylvania backed by Oak Hill Capital, today announced the closing of $150 million in debt financing from Stonepeak Credit.

Founded in 2022 by management and Oak Hill, Omni Fiber has invested over $250 million in building an XGS-PON fiber network and is on track to reach approximately 200,000 locations by the end of the year. The financing from Stonepeak Credit will fund rapid expansion into more communities in Ohio, Pennsylvania, and Michigan.

Omni Fiber launched its service in late 2022 and now serves residential and business customers in over 25 small and mid-size communities. Construction is in progress in over 15 additional communities, and network design and engineering activities are ongoing in many others.

Omni Fiber’s founding CEO, Darrick Zucco said, “We are excited about the additional opportunities this financing enables. The company’s network expansion not only brings choice to communities with limited options for reliable, ultra-high-speed Internet service but also creates hundreds of new jobs at Omni Fiber and local contractors. The halo effect on economic development for the impacted towns is significant.”

Scott Baker, Managing Partner at Oak Hill Capital, added “It has been a uniquely rewarding experience to partner with Darrick and his talented leadership team. We are thrilled by the rapid growth of Omni Fiber and are committed to continuing investing behind the team as they expand their fiber services to underserved markets in Ohio, Pennsylvania, and Michigan.”

Ryan Roberge, Senior Managing Director at Stonepeak, added “We are proud to partner with Omni Fiber and Oak Hill Capital to support Omni’s next phase of growth. Our team was thoroughly impressed with Darrick and the rest of Omni’s management team and their plans to expand Omni’s next generation fiber network to additional communities in the Midwest. We look forward to continuing our partnership with Omni and Oak Hill Capital over the long-term.”

With the additional funding, Omni Fiber expects to accelerate the pace of expansion and announce more communities in the next few months.

About Omni Fiber
Omni Fiber was founded in 2022 and is backed by Oak Hill Capital, one of the largest investment firms in the telecommunications industry. Based in Ohio, Omni Fiber is led by a leadership team with 100+ years of combined industry experience and provides 100% fiber-optic broadband Internet, TV, and Phone services to residential and business customers in the Midwestern United States. Omni Fiber offers symmetrical speeds of up to 10 Gbps, no hidden fees, no data caps, Premium Wi-Fi included, local customer service, and competitive pricing.

About Oak Hill Capital
Oak Hill is a longstanding private equity firm focused on the North America middle-market. Oak Hill applies a specialized, theme-based approach to investing in the following dedicated industry sectors: Media & Communications, Industrials, Services, and Consumer. The Firm implements a highly systematic approach to theme development, proactive origination, and value creation in partnership with management to build franchises of lasting value. Over the past 35+ years, Oak Hill and its predecessors have raised approximately $20 billion of initial capital commitments and co-investments, invested in approximately 100 companies, and completed more than 300 add-on acquisitions representing an aggregate enterprise value at acquisition of over $60 billion.

About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $71.2 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak provides capital, operational support, and committed partnership to grow investments in its target sectors, which include communications, energy and energy transition, transport and logistics, and real estate.

Stonepeak is a sponsor of private equity and credit investment vehicles. Stonepeak Credit provides credit solutions to infrastructure sponsors and companies.

Stonepeak is headquartered in New York with offices in Hong Kong, Houston, London, Singapore, and Sydney.

Continue Reading

News

Schoox Partners with learning content aggregator Go1 to Offer Content for Every Learning Style

Published

on

schoox partners with go1

Schoox customers gain access to Go1’s diverse content formats available in 14 languages.

Learning management and talent development software provider Schoox announced a new partnership with Go1, the most diverse learning content aggregator, to seamlessly integrate Go1’s library within the Schoox platform. Meticulously curated by a team of experts, Go1’s learning content features courses from more than 250 industry-leading providers, bolstering Schoox’s LMS offering.

“We are excited to provide our customers with access to Go1’s content library. This will enable their employees to engage with a variety of styles, formats, and languages that cater to their learning preferences.” —Lefteris Ntouanoglou, Schoox

Go1’s high-quality education and training options span a global array of industries and topics across compliance and upskilling. Organizations can offer their employees the skills and training most relevant to them in various formats, from text-based content to video and audio courses. Content can be curated into skill-boosting playlists designed to tackle any learning challenge head-on.

“We are proud to offer learning opportunities that allow our customers to reimagine learning and development,” said Chris Eigeland, CEO of Go1. “Our content powers learning programs with the most diverse learning and compliance training content and enables employees to take learning into their own hands for personal and professional growth.”

“Every individual learner is unique,” said Lefteris Ntouanoglou, founder and CEO of Schoox. “We are excited to provide our customers with access to Go1’s content library. This will enable their employees to engage with a variety of styles, formats, and languages that cater to their learning preferences.”

Go1’s formats include micro-learning, immersive courses, podcasts, practice labs, and more. Together, Go1 and Schoox serve up essential content solutions that learning and development teams worldwide need to flourish.

About Go1

Go1 is the most diverse learning content aggregator. With expertly curated content spanning more than 80,000 courses from hundreds of industry-leading providers, Go1 delivers a seamless experience for both L&D leaders and employees in a single subscription. The company has raised over $400 million in funding from investors AirTree Ventures, Blue Cloud Ventures, Five Sigma, Insight Partners, Madrona, Salesforce Ventures, SEEK Investments, SoftBank Vision Fund 2 and Y Combinator. Go1 is a Y Combinator 2023 Top Company that provides a seamless learning experience in over 70 learning platforms.

About Schoox

Schoox is workplace learning software with a people-first twist. People aren’t cogs, and Schoox was designed for how humans actually learn. We keep learners curious by letting you deliver more kinds of content wherever they are, from the front line to the corporate office. And by making learning easy, accessible, rewarding, and fun, we help you get everyone more excited about their career development. Learners can “up” their skills, grow on the job, and get more done—and you can measure the impact of their awesome accomplishments. Schoox powers people-focused learning experiences for organizations around the world, including Subway, Celebrity Cruises, Phillips 66, and Sonesta Hotels.

Continue Reading

News

StockGro Teams Up with Dubai Financial Market, Eyes UAE Debut with Enhanced Market Data Access

Published

on

stockgro

To boost financial literacy in the UAE, StockGro, India’s largest stock market experiential learning platform, has partnered with Dubai Financial Market (DFM) to integrate a live data feed. This collaboration aims to enhance retail investor participation by fostering stock market literacy across the region.

StockGro’s community-based learning platform features over 100 licensed financial experts educating millennials about the financial markets. With DFM’s live data feed implemented on StockGro’s risk-free education platform, the partnership aims to propagate financial awareness in the UAE region.

Ajay Lakhotia, Founder and CEO of StockGro, commented on the expansion, saying, “Launching in UAE marks a significant milestone in our journey to make financial education accessible globally. With DFM’s support, we are excited to empower lakhs of UAE-based investors to become financially free.”

StockGro is India’s premier experiential social learning platform for trading and investments. With over 35 million users nationwide, StockGro is the trusted destination for individuals seeking to learn and master the art of trading and investments. StockGro has successfully empowered financial enthusiasts across 1000+ prestigious educational institutions, offering a unique and immersive learning experience.

Dubai Financial Market (DFM) is the UAE’s premier stock exchange, facilitating financial growth for investors and market participants by offering innovative products in an efficient, transparent and liquid environment. Dubai Financial Market (DFM) was established as a public institution with independent corporate bodies. DFM operates as a secondary market for the trading of securities issued by public shareholding companies, bonds issued by the Federal Government or any of the local Governments and public institutions in the country, units of investment funds and any other financial instruments, local or foreign, which are accepted by the market.

The DFM commenced operations on March 26, 2000, and became the 1st Islamic Shari’a-compliant exchange globally since 2007. Following its IPO in November 2006, when DFM offered 1.6 billion shares, representing 20% of its paid-up capital of AED 8 billion, DFM became a public joint stock company, and its shares were listed on 7 March 2007 with the trading symbol (DFM). Following the IPO, the Government of Dubai retained the remaining 80% of DFM Company through Borse Dubai Limited.

Continue Reading

Trending

Subscribe to our Free Newsletter

Get Business and Marketing Insights from Experts, only onTimes of Startups!

Your Information will never be shared with any third party