NSE Academy Acquires Hyderabad-based Edtech Startup TalentSprint

The NSE Academy Limited, an arm of the National Stock Exchange, has acquired a majority stake of 51 per cent in the Hyderabad-based TalentSprint, a deep tech education firm. In the phase-wise acquisition of the stake, the NSE arm would acquire the total stake over a period of three years.

Santanu Paul, Co-Founder and Chief Executive Officer of TalentSprint, would continue in the leadership position for three years.

The two firms, however, have not spoken on the size of the deal, citing non-disclosure norms.

The education technology platform operates in professional learning and executive education space. It has tie-ups with premier institutes like Indian Institute of Science (IIS, Bengaluru), International Institute of Information Technology (Hyderabad) and the Indian Institute of Management (Calcutta) to offer courses in deep tech areas like artificial intelligence, machine learning, blockchain and fintech.

It offers advanced certification programmes in emerging and deep technologies to aspiring and experienced professionals using a hybrid online-onsite model.

“TalentSprint will augment NSE Academy’s objective to be the leader in the education segment with the aim of providing continuous life-long learning opportunities,” a TalentSprint statement has said.

“In recent times there has been high demand for skill acquisition and upgradation in newer technologies. Moreover, these latest technologies have the biggest impact in the BFSI (banking, financial services and insurance) space,” it said.

“Hence, an expansion in these areas is a natural progression for NSE Academy,” it pointed out.

“As the BFSI industry evolves into a more tech-enabled industry, it is but imperative that we strengthen our expertise in the education space by adding new and emerging technologies,” Vikram Limaye, Managing Director and Chief Executive officer of NSE, said.

“There are six million working professionals in India today in need of deep tech knowledge interventions, and another 10 million college students waiting to enter the workforce with adequate future-proof skills,” Santanu Paul, Co-Founder and CEO, TalentSprint, said.

“Between the two entities, we have all the necessary synergies ― capabilities, reach, resources, partnerships ― to become a powerhouse in deep tech education and empower the workforce of tomorrow,” he said.

Nexus Venture Partners, a leading venture capital firm, National Skill Development Corporation (NSDC) and a few angel funders are stakeholders in TalentSprint.

Sandip Ginodia , CEO

ALTIUS INVESTECH PVT LTD

We deal in over 60 unlisted companies with 15 years of experience

For latest prices visit : www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .

Email : ginodiasandip1@gmail.com

Reliance's JioMart is averaging half a million orders per day; WhatsApp driving growth

JioMart , Reliance's online-to-offline commerce platform that launched in May , has scaled up rapidly, riding on the pandemic-fuelled digital acceleration. The service, which went live in 200 cities across India, is currently processing an average of 500,000 orders per day. " We can go even higher on peak days", Jio Platforms CEO Kiran Thomas revealed at the Facebook for Fuel India 2020 event. He said, "JioMart is empowering millions of kiranas and small merchants through the simple and secure platform of WhatsApp, and linking them to Reliance Retail's pan-India supply chain. We expect to grow manifold in future, and are optimistic about enabling new cohorts of users and making it easier for them to shop for daily essentials." "Customers are transacting seamlessly on JioMart and the conversational nature of the service enabled by WhatsApp has made people adapt to it intuitively," he added. Reliance also stated that it will continue t

Stock broker SMC Global files for IPO

F inancial services company SMC Global Securities has filed draft red herring prospectus with SEBI for public issue of 1,58,67,380 equity shares of face value of Rs 2 each. The issue comprises a fresh issue of 79,33,690 equity shares by the company and an offer for sale of 79,33,690 shares by Millennium India Acquisition Company Inc. As of September 30, 2012, "We service our broking clients through a network of 43 branches and 2,521 registered sub-brokers and authorized persons spread in more than 500 cities and towns. We have also established an office in Dubai for brokerage and trading activities in that region," the company said. SMC has reported a loss of Rs 0.42 crore and total revenues of Rs 292.24 crore in the year ended March 31, 2012. "The proceeds of the fresh issue shall be utilised for margin maintenance with stock exchanges; part repayment of term loan; investments into subsidiary, SMC Comtrade; and general corporate purposes," according to p

TCS merger with TCS e serve

The board of Tata Consultancy Services (TCS) in its meeting on 18 October 2012 has approved the composite scheme of arrangement between TCS, TCS e-Serve (e-Serve) and TCS e-Serve International (TEIL). The composite scheme of arrangement provides for merger of e-Serve into TCS and demerger of TEIL's special economic zone (SEZ) undertaking(s) to TCS. The appointed date proposed for this scheme is 01 April 2013. TCS holds 96.26% of the paid up equity share capital of e-Serve. TEIL is a wholly owned subsidiary of e-Serve. As per the terms of the scheme of arrangement, shareholders of e-Serve (other than TCS) will receive 13 equity shares of Re 1 each of TCS for every 4 equity shares of Rs 10 each of e-Serve held by them. The board has approved the scheme of merger of Computational Research Laboratories (CRL) and Retail FullServe (RFL) with TCS. The proposed appointed date for the merger of CRL is 01 October 2012 and for the merger of RFL is 01 April 2012. Computational Res

Abhishek Securities

Search This Blog