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FxConsulting

FxConsulting is a management consulting firm and promising advisor on business strategy.

Our deep expertise, powerful insights, and real-world solutions help the people and organizations we serve take steps today to secure a better tomorrow.

Photos from FxConsulting's post 23/04/2024

Krish Subramaniam forged his own path in the tech industry, transforming challenges into opportunities and paving the way for a brighter future in innovation and entrepreneurship.🎓📝

Krish's visionary leadership continues to shape the digital landscape on a global scale, leaving an enduring legacy of progress and transformation.✨👏

Are women-led startups driving gender equity in the ecosystem? 27/11/2023

Startups in India have the potential to create two million new jobs for women by 2030 and drive gender equity in the ecosystem, says a report by ACT For Women, in collaboration with The Udaiti Foundation.

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Are women-led startups driving gender equity in the ecosystem? Here’s a deep dive into how startups—women-led ones in particular—are fostering gender equity at the workplace and how women founders demonstrate understanding and empathy, helping women overcome barriers at the workplace.

Ambani versus Mittal: The war in the skies is now spreading to space 23/11/2023

Rivalry between India's biggest telecom companies, Reliance Jio and Bharti Airtel, is now reaching new frontiers. In what seems to be a step ahead of Jio, Bharti-backed low earth orbit (LEO) satellite firm OneWeb India has been granted the necessary regulatory approvals from the Indian National Space Promotion and Authorization Centre (IN-SPACe) to launch Eutelsat OneWeb's commercial satellite broadband services in India.

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Ambani versus Mittal: The war in the skies is now spreading to space Reliance Jio and Bharti Airtel escalate rivalry as Bharti-backed OneWeb India, a part of Eutelsat Group, secures IN-SPACe approval for satellite broadband services. The milestone, following OneWeb's merger with Eutelsat, marks the first nod in India. IN-SPACe's approval is crucial for satellite serv...

Jio Financial Services seeks RBI nod to convert from NBFC to core investment company 22/11/2023

Jio Financial Services has applied to the Reserve Bank of India to convert into a core investment company from a non-banking financial company (NBFC), owing to a regulatory mandate.

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Jio Financial Services seeks RBI nod to convert from NBFC to core investment company The development is a part of a strategic restructuring post the firm’s demerger from Reliance Industries Limited.

Fintech startup Kiwi raises $13M in a Series A round led by Omidyar Network India 21/11/2023

Kiwi, a credit card management fintech startup, has raised $13 million (Rs 108 Crore) in a Series A funding round led by Omidyar Network India. Existing investors  Nexus Venture Partners and Stellaris Venture Partners also participated in this round.

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Fintech startup Kiwi raises $13M in a Series A round led by Omidyar Network India Launched in November last year, Kiwi said it has issued 25,000 credit cards to date and aims to onboard 5 lakh customers by the end of 2024. It is one of the first fintechs in India to launch credit cards with UPI by issuing digital RuPay Cards in collaboration with banks.

RBI decision to tighten lending norms for unsecured debt is credit positive: Moody's 20/11/2023

The RBI's decision to tighten norms for unsecured personal loans is credit-positive because lenders will need to allocate higher capital for such loans, thus improving their loss-absorbing buffers, Moody's Investors Service said on Monday.

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RBI decision to tighten lending norms for unsecured debt is credit positive: Moody's The Reserve Bank last week raised risk weights on unsecured retail loans, credit cards and lending to non-banking finance companies (NBFCs) by 25 percentage points.

How VCs are changing the landscape of MSME financing 16/11/2023

Venture capital is emerging as a significant source of funding for Micro, Small, and Medium Enterprises (MSMEs) in India. These businesses previously depended on banks for funds and credit, with banks often showing reluctance to extend loans due to concerns about Non-Performing Assets (NPAs).

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How VCs are changing the landscape of MSME financing While venture capitalists are eyeing profitable family-run enterprises for sustainable growth, the changing landscape offers opportunities for MSMEs, with private investments driving expansion and innovation.

She Turned Down Rs.145 Cr and Built a Rs.8200 Cr Business Empire 15/11/2023

In 2014, Suneera Madhani and her brother Sal Rehmetullah embarked on an entrepreneurial journey that would redefine the payment platform industry. Their brainchild, Stax, stood out in a crowded market by adopting a unique business model: charging a flat monthly fee rather than a percentage of sales.

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She Turned Down Rs.145 Cr and Built a Rs.8200 Cr Business Empire In 2014, Suneera Madhani and her brother Sal Rehmetullah embarked on an entrepreneurial journey that would redefine the payment platform industry.

Paytm's Q2 surge: A turnaround tale that sparks hope across India’s startup scene 14/11/2023

Never underestimate a gritty founder! When it listed in 2021, Paytm had a less-than-stellar stock market debut—the stock nosedived and several experts were close to writing off the fintech company.

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Paytm's Q2 surge: A turnaround tale that sparks hope across India’s startup scene The digital payments company surprised the market with strong revenue and margins on the back of merchant subscriptions and loan disbursement.

WayCool Foods in talks to raise $40M through rights issue; aims to break even by Q4 FY24 09/11/2023

Agritech startup WaycoolFoods is in the process of raising $40 million in funding through a rights issue with Lightrock as the anchor investor. The round is seeing high interest from several institutional investors and family offices and is close to being fully subscribed, the company told YourStory on Thursday.

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WayCool Foods in talks to raise $40M through rights issue; aims to break even by Q4 FY24 Chennai-based WayCool Foods said its brands including dry groceries and fresh produce have started seeing substantial traction which will help it achieve break-even in the last quarter of this fiscal.

Arvind Parthiban: A ‘Captain Kirk’ who surrounds himself with ‘Spocks’ 07/11/2023

Soon after he sold his first company Zargetto Freshworks in 2017, Arvind Parthiban headed to a tattoo parlour, and got inked with the phrase: Die with memories, not dreams.

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Arvind Parthiban: A ‘Captain Kirk’ who surrounds himself with ‘Spocks’ SuperOps.ai CEO Arvind Parthiban talks about life, leadership, and the lonely journey of a founder.

Here are some of India’s finest tech leaders you could meet at TechSparks Delhi 06/11/2023

The first-ever Delhi edition of India’s most influential tech event, TechSparks, is all set to welcome the finest of India’s technocrats and serve up yet another stunning line-up of speakers this year, including Rajeev Chandrasekhar, the passionate parliamentarian behind the recently passed Digital Personal Data Protection Act, 2023.

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Here are some of India’s finest tech leaders you could meet at TechSparks Delhi Rajeev Chandrasekhar, Deepinder Goyal, Mukesh Bansal, and Ankur Warikoo join the impressive speaker line-up for the premier TechSparks 2023 Delhi edition, scheduled for November 29-30, 2023, at Pullman New Delhi Aerocity.

Shiprocket is more than a traditional logistics company, says CEO Saahil Goel 03/11/2023

Ecommerce enablement platform Shiprocket resembles a software company more than a traditional fulfilment or logistics company, Co-founder and CEO Saahil Goel said in an exclusive chat with Shradha Sharma, Founder and CEO of YourStory.

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Shiprocket is more than a traditional logistics company, says CEO Saahil Goel From starting as an ecommerce marketplace “inspired by Shopify” to becoming a leading logistics solutions provider, Shiprocket has come a long way.

Angel One acquires Dstreet Finance team; to expand consumer financial services suite 02/11/2023

Fintech broking platform Angel One has acquired the team of Dstreet Finance, a Bengaluru-based fintech startup. This, the company said, is its first acquisition of a tech startup team.

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Angel One acquires Dstreet Finance team; to expand consumer financial services suite This move comes on the heels of Angel One's recent in-principle approval from the SEBI to sponsor a mutual fund.

VC inflow in October up 45% from September on the back of debt funding 01/11/2023

The month of October has turned out very positive for the Indian startup ecosystem as venture capital (VC) funding saw a yearly increase and an even sharper rise on a month-on-month basis, boosted largely through debt transactions.

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VC inflow in October up 45% from September on the back of debt funding The month of October saw total venture capital funding crossing the $1-billion mark, with the major contribution coming from debt transactions.

Slow and steady: Inside Sri Chaitanya group’s dual growth strategy for education dominance 31/10/2023

Thirty-seven years ago, Dr B S Rao and Dr Jhansi Lakshmi Bai Boppana founded Sri Chaitanya Junior Girls College in Vijayawada to prepare higher secondary students for local- and state-level competitive exams.

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Slow and steady: Inside Sri Chaitanya group’s dual growth strategy for education dominance Sri Chaitanya has a formidable presence in test preparation segment. With edtech vertical Infinity Learn, the group intends to play a bigger role.

India is driving velocity and creativity for Intuit’s GenAI platforms, says the firm’s chief data officer 27/10/2023

Generative artificial intelligence (GenAI) has become a transformational opportunity for organisations providing enterprise solutions. Intuit–the California-headquartered global software company that provides financial products to small businesses and individuals–has been an early rider of this wave, with consistent investments in this technology over the last six years.

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India is driving velocity and creativity for Intuit’s GenAI platforms, says the firm’s chief data officer The US headquartered business software company–which specialises in financial software–has its second largest development centre in Bengaluru, India. The India centre makes key contributions to Intuit’s generative artificial intelligence platforms.

Revolutionise data ownership with Holistic Identity 26/10/2023

Affinidi, an innovative technology startup, is at the forefront of transforming this dynamic landscape. The company's mission is to empower individuals by enabling them to easily discover, collect, store, share, and even monetise their data in the digital realms.

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Revolutionise data ownership with Holistic Identity 🔐 Reclaim your digital identity with Holistic Identity, emphasises the visionary team that is reversing data ownership at Affinidi 🌐

How EkStep Foundation harnesses the power of networks 25/10/2023

India is in the midst of a techade, a period where technology will play a transformational role in the country’s progress. For Nandan Nilekani, Rohini Nilekani, and Shankar Maruwada, this techade entails using technology as an aid to improve people’s lives.

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How EkStep Foundation harnesses the power of networks In Conversation with Shradha Sharma, EkStep co-founders Nandan Nilekani, Rohini Nilekani, and Shankar Maruwada talk about adopting a collaborative approach in bringing about change at scale.

Indian climate tech startups will create global impact, says Green Frontier founder 19/10/2023

Green Frontier Capital–a US-headquartered early-stage venture capital fund solely focused on climate tech startups in India–believes these new-age companies will play a key role in boosting the sustainability index not just in India but around the world as well.

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Indian climate tech startups will create global impact, says Green Frontier founder Green Frontier Capital, an early-stage VC firm dedicated to climate tech startups, plans to create a dedicated fund for India and expand its scope of activity in the country.

The Hardest Skill: Satya Nadella on Empathy's Power 18/10/2023

Satya Nadella's perspective on empathy as the hardest skill we learn resonates deeply in both personal and professional contexts. His experiences as a parent and a leader have taught him the transformative power of empathy, not just as a soft skill, but as a cornerstone of human interaction, leadership, and innovation.

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The Hardest Skill: Satya Nadella on Empathy's Power Discover why empathy, the hardest skill according to Microsoft CEO Satya Nadella, is essential for success in life and business.

Spacetech startup Agnikul Cosmos Raises Rs 200 Cr in Series B funding 17/10/2023

Indian spacetech startup AgniKul Cosmos has raised Rs 200 crore ($26.7 million) in Series B funding, increasing its total capital raised to date to $40 million

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Spacetech startup Agnikul Cosmos Raises Rs 200 Cr in Series B funding The startup plans to utilise the funds to scale its existing technology towards commercialisation, as well as invest in key facilities such as mobile launchpads and other test rigs necessary for addressing launch-on-demand customer needs.

16/10/2023

Wishing you a joyful and blessed navratri filled with love and prosperity.🙏🌼

May the colours of Navratri brighten your life and fill it with happiness. Happy Navratri!🕉️🙏

Indian robotics startups gear up to go from baby steps to global giants 13/10/2023

According to the Ministry of Electronics and Internet Technology’s (MeitY) recently published draft National Strategy on Robotics, the Indian government has set an ambitious target of becoming a world superpower in robotics by 2030.

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Indian robotics startups gear up to go from baby steps to global giants Recently, the robotics sector has emerged as a key focus area for the Indian government. At TechSparks 2023, Ati Motors CEO Saurabh Chandra and Nosh CEO Yatin Varacchia discussed where the Indian robotics space currently stands.

InsuranceDekho bags $60M; second fundraise in 8 months to beef up M&A strategy 11/10/2023

Insurance distribution platform InsuranceDekho has raised $60 million in its ongoing Series B funding round as the ‘soonicorn' startup looks to double down on acquiring new businesses to expand its regional capability and tap new insurance categories.

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InsuranceDekho bags $60M; second fundraise in 8 months to beef up M&A strategy InsuranceDekho has embarked on its “buying” strategy with a capital war chest of over $210 million to expand its reach across Tier II and beyond regions.

Building cloud solutions with global potential from India, Google Cloud India Head says 10/10/2023

As one of the leading global cloud services providers, GoogleCloud has experienced substantial growth in recent years.

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Building cloud solutions with global potential from India, Google Cloud India Head says The cloud service provider's collaborations with Indian platforms are already showing results. According to Bikram Singh Bedi, Managing Director - Google Cloud, Google Cloud's tie-up with ONDC has led to the creation of an open-source onboarding accelerator.

Artha Ventures believes in looking for opportunities in funding winter 09/10/2023

The slowdown in startup funding activity hasn’t deterred Artha Group. If anything, the venture capital firm believes the ongoing “funding winter” is the best time to bet on startup founders

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Artha Ventures believes in looking for opportunities in funding winter Artha Group has established funding platforms to invest across all stages of the startup investment cycle to remain a valuable player.

Net-zero emissions achievable but long way to go: BCG’s Mukherjee and Brigade REAP’s Mahtaney 06/10/2023

The continuous conversations over the last few years have helped Indian companies realise the importance of going green, Anirban Mukherjee, Managing Director and Partner at Boston Consulting Group (BCG), said during TechSparks Bengaluru 2023, YourStory's flagship startup-tech summit.

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Net-zero emissions achievable but long way to go: BCG’s Mukherjee and Brigade REAP’s Mahtaney Boston Consulting Group’s Anirban Mukherjee and Brigade REAP’s Angie Mahtaney noted that carbon neutrality is no longer just a corporate social responsibility initiative but has become a serious boardroom conversation.

Mensa Brands raises $40M debt capital from EvolutionX 05/10/2023

House of brands firm Mensa Brands has secured $40 million from EvolutionX Debt Capital, a leading debt financing platform for growth-stage companies.

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Mensa Brands raises $40M debt capital from EvolutionX Founded by Ananth Narayanan, Mensa Brands entered the unicorn club just a few months after its launch with $135 million funding in November 2021.

Zolostays Co-founder Akhil Sikri exits; company chases premium segment 04/10/2023

Akhil Sikri, Co-founder of Zolostays, is stepping down from the company to embark on a new entrepreneurial venture. While the details of his next venture are not clear, as per company sources, Akhil was present at a recent meeting with the Zolo board, top management, and investors to discuss Initial Public Offering (IPO) plans.

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Zolostays Co-founder Akhil Sikri exits; company chases premium segment After its co-founder stepped down in May this year, co-living brand Zolostays is trying to reposition itself as a premium accommodation provider to boost revenue.

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