Ola Raises $1.1 Billion Led By Tencent And Softbank-Led Round And In Talks For Another $1billion More

Nov 12, 2017 by

Ola Raises $1.1 Billion Led By Tencent And Softbank-Led Round And In Talks For Another $1billion More

Ola has risen up $1.1 billion in new funding from China’s Tencent Properties Ltd and existing saver SoftBank Group Corporate of Japan, giving it enough ammunition to keep arch-rival Uber Technologies Inc. at bay, even as the largest financial investor in India’s consumer internet ecosystem begin to close ranks.

On Wednesday, Ola has announced that it had raised $1.1 billion in its newest round run by Chinese internet main Tencent Holdings Ltd and Japanese financial investor behemoth Softbank, which is the present financial investor in the company. Thus turning off what may turn out to be a $2 billion finance round.

It is newly reported that Chinese internet giant Tencent has capitalized $400 million in the ride-hailing main, as part of the more round. Previous to this, Ola had also elevated around $250 million from investors like Falcon Edge, an existing financial investor, Rata Tata’s RNT Capital Advisors, and Tekne Capital Management.

“We are thrilled to have Tencent Assets join us as new associates in our task to build mobility for a billion Indians. The transportation and mobility industries are seeing huge changes globally. Our spirit is to build a worldwide competitive and innovative transport scheme in India that will support and accelerate a state on the move. Our new partners share our desire for building the future of transport in India together and we look onward to learning and advantage from their worldwide viewpoints and ecosystems,” said Ola co-founder and chief executive officer Bhavish Aggarwal in a statement.

Ola’s electric vehicle project has the blessings of Softbank chief executive Masayoshi Son. Although the Japanese Internet Corporation is the largest financial investors in Ola, it is in the process of picking up a large stake in San Francisco-headquartered Uber as well. Uber managers in India said the cab-hailing stage, in addition to increasing to new towns, and also attentive on its food-delivery service, UberEATS, UberMOTO, and, motorcycle-taxi service pick up steam.

“Latest products to recover customer capability may be tried out in the Indian market soon,” one of them said, declining to be recognized.

Created in 2011 by IIT Bombay former students Ankit Bhati and Bhavish Aggarwal, Ola presently has company in 110 cities in India. Apart from cab-hailing facilities, it offers India-centric sorts like auto-rickshaws and bikes as well as vehicles armed with the world only connected car stage for ridesharing, Ola Play. Fascinatingly, the statement comes among the reports of Softbank being in talks with Uber Technologies Inc. for a major share deal. It is reported that Softbank will spend $1 billion to $1.25 billion in Uber at last year’s estimate of about $70 billion.

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How to Make a Killing in Singapore Property Investment

Feb 18, 2017 by

How to Make a Killing in Singapore Property Investment

Though there was a decline in the real estate market during the last few months of 2016, the market has started stabilizing in 2017. The overall fall in the prices of private homes during the year 2016 was estimated to be around 3%. However, thanks to the stability in the market, developers seem to be gearing up for launching their new projects. In fact, some of the developers have already announced their projects including condominiums and some of them have begun their work also. 

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Top Alternative Ways to Raise Capital for Business Expansion

Jan 19, 2017 by

Top Alternative Ways to Raise Capital for Business Expansion

Looking to finance your business expansion without going to the bank? Capital for growth or renovation can be hard to acquire without assistance from institutions, which is why it’s important to your lender wisely before even applying for a loan.

In this article, we will discuss the top alternative ways to raise capital for your business expansion. Chances are you will use a combination of two or these, but for most small businesses, one lender is enough.

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Dr Álvaro Sobrinho and African-Led Development

Nov 18, 2015 by

Dr Álvaro Sobrinho and African-Led Development

Dr Álvaro Sobrinho is an interesting man, with an involvement in a number of interesting projects. But it is his work as Chairman and co-founder of the Planet Earth Institute (PEI) that currently attracts the most attention.

His work should be seen in the wider context of Pan-African development economics and the efforts of various organisations to ensure the Africa has the infrastructure, labour skill-set, investment and educational training necessary to generate the high economic growth enjoyed in recent decades by the likes of Asia and South America. Crucially, this growth needs to happen in an equitable manner, so that the proceeds can used to give all Africans a higher quality of life.

Alvaro Sobrinho argues that one of the keys to achieving this is to achieve what he calls ‘scientific independence for Africa’. This does not mean that African scientists, Government officials and NGOs should not collaborate with organisations outside of Africa, simply that with the right knowledge in place, African nations can take control of their own development and management of resources. For Sobrinho, this is “the only road that leads to… a prosperous future” for Africa.

Alvaro Sobrinho wants to create the conditions so that Africans do not need to depend on outside forces for scientific knowledge: “we are too often consumers, not producers of scientific innovation”, pointing out that 14% of the world’s population live in Africa, but only 1% of the world’s scientists. This is of course partly a problem of limited tertiary education (Sobrinho also works with the Africa Business Champions for Science group, which aims to set up 10,000 PhD scholarships over the next ten years), but is also to do with African scientists training domestically but then moving abroad to continue their work and research projects.

Such ‘brain drains’ are familiar problems in development economics, but Sobrinho believes the challenge can be met. Primarily, the answer lies in making Africa attractive for academics financially – and Sobrinho sees a big role for private business in providing this funding. This should be seen as an investment in the future of African labour and infrastructure, rather than an act of charity. It is a partnership that will benefit all parties.

Finally, Alvaro Sobrinho points out that academics need to have confidence in their position in society and argues that, culturally, Africa does sufficiently celebrate scientific achievements: “neglect of science separates our continent from the rest of the world”. This requires a cultural shift, but as part of it, Sobrinho’s PEI runs projects like the#scienceafrica campaign, which aims to promote Africa’s science heroes.

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4 Ways to Make Money off your Land

Nov 4, 2015 by

4 Ways to Make Money off your Land

It is indisputable that land is one of the most valuable assets a person can have. Regardless of the size of the land, type of the soil, or even location, land can turn to be so profitable. You can increase your income from your portion of land if you use it creatively, and by greatly doing so. What are the ways that one can achieve maximum financial gain from his/her piece of land? Here we take a look at some of them.

A. Putting solar panels in the said piece of land.

Having solar panels in your piece of land is an initiative that leads to production of electricity. Solar panels basically absorb the sunlight before converting it into electricity by using Photovoltaic cells. This electricity, in turn, can be sold to those without electricity or even to firms. Solar panels do not depend on land quality or anything, just size to accommodate more of them. Besides, there are no much expenses required apart from the installation costs.

B. Selling a Cell Tower Ground lease.

This is an agreement between a cell tower property owner and a cellular carrier that puts up the the tower on the property. This can be quite lucrative to the site owner, but it all depends on the value of the site to the tenant and the terms of the lease. In most cases, selling the lease is advantageous as it provides the site owner with large amounts of money. Here you may find more relevant info about where to begin.

C. Putting Wind power turbines to produce electricity.

Having wind-driven turbines in one’s land is another sure way of making money from any piece of land, whether small, dry and agriculturally unproductive. The wind energy turns the two or three propeller-like blades on the rotors, which in turn produces electricity. This electricity can be used while the surplus sold through the grid. Just like is the case with solar panels as said earlier, there are no much expenses incurred in running/managing the turbines, except for the installation costs.

D. Putting up an advertising electronic board.

Electronic billboards are computer-controlled electronic displays that are used to advertise using LED. These boards always require strategic point to erect. Advertisers always look for a property that is easily spotted, very reachable and land that is located along the road or at the junctions and roundabouts is hotcake. You can always give up your land for such activity and you’re paid handsomely.

It is evident that no land is of no value at all. It only needs some little creativity and the owner of a small piece of land smiles all the way to the bank. Each of the above-discussed options is cheap to implement and maintain. For instance, when installing solar panels and wind turbines, chances are there is a third party to do the installations, most probably the sellers/manufacturers. Besides, there are electricity consumers who shall pay for the services. As for both putting up an electronic advertising billboard and the Cell tower ground lease, a third party is always involved, that goes ahead to pay for using the land in the said manner.

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The New Rules of SEC and its Effects on the Money Market Funds

Apr 2, 2014 by

The New Rules of SEC and its Effects on the Money Market Funds

Recently some new rules have been declared regarding the money market by the Securities and Exchange Commission, which administer institutional money market funds. According to a report of SEC, these new rules are likely to deal with threats of liquidity that carries on institutional money market funds through fund contributors.

A significant modification to the rules directing the money market funds is a new necessity for floating net asset rates. Previously, an advantage to putting money into a money market fund was the steady net asset price of one dollar. Exclusive asset valuation systems and fund pricing rules were allowed in the money market funds formerly but will not be acceptable when the latest regulations are in place.

View of Chairwoman of SEC-
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In the opinion of Mary Jo White, the Chairwoman of SEC, these new policies can present essential new tools, which will assist further to defend investors and the economic system. Moreover, it may make the present markets more elastic and improve transparency and equality of the goods for American investors.

The results for the implication of these new rules-

Upon execution of the new regulations from the SEC, the money market funds will appreciate all the investments holding the money market funds and bring out a daily market value that will float according to the market value of the fundamental assets.

The new SEC policy will permit institutional as well as non-government MMF managers to apply a number of different controls to handle fund liquidity at the time of market strain. Such controls will comprise charges on fund participants willing to put down the MMFs and liquidity gates to permit the managers to manipulate the amount of money moving out and into the MMFs.

By letting the share price to fall, it takes away the incentive for the depositors to run for the exit. Certainly investors suffer losses but the risk of entire loss is removed. By permitting penalties, it puts off withdrawals, but depositors who want their money, in fact, will take it out in any case. SEC, by letting these MMFs to setback paying, stops runs, which might happen with a floating share price.

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