US-based global insurance SaaS company Ebix acquired 80% stake in ItzCash for INR 8 billion
The Transaction
In May 2017, Ebix, Inc, a leading international supplier of on-demand software and e-commerce services for insurance, financial, and healthcare industries announced an investment of USD 120 million (INR 8 billion) in the Mumbai-based payment solutions company ItzCash.
Disclaimer: Aurum Equity Partners LLP was not a part of this deal in any way.
The Indian Beverage Market Story
by Sanjay Bansal
The Indian beverage industry has come very far from the days when tea was the ‘holy’ beverage of the commoners, coffee was the ‘sophisticated’ beverage of the upper class, Cola was the ‘cool’ beverage of the youngsters and hard drinks were the ‘man’s’ thing. Today, right from whiskey, wine & cocktails to health drinks & powdered juices, the Indian beverage market is flooded with a plethora of options & variants for alcoholic as well as non-alcoholic lovers with all kinds of tastes & preferences.
Importance of continuing reforms in Defense in India
by Vikram Bihani
Despite the Indian Defense Offset Program, India continues to be the largest importer of arms. While the Offset Program has excited Indian aerospace players, it has had a limited impact on the overall defense sector expenditure. For example, for the Offset Program, the items eligible for offset discharge are placed under 4 categories, one of which is ITC HS Code 88 (accounted for 85% of the exports in 2015) but these are primarily related to components of civilian aircrafts.
While the volume of growth in IoT devices installed base is expected to be led by Consumer devices (65% in 2020), the total revenue is expected to be evenly shared between consumer and industrial devices. Key growth drivers for the Global IoT market will be growth industries such as Manufacturing, Automotive, Healthcare, Transportation & Logistics, Retail, and Agriculture. Manufacturing and Automotive are expected to see the maximum number of IoT devices deployed.
