Mukesh and Nita Ambani are blessed and rich for a reason. The couple wholeheartedly serve the under privileged. As per the Hindu shastras, each time you serve the poor and needy, the more blessed you become.
With support of Mukesh, Nita Ambani runs several charitable organizations; like Education For All (EFA), Drishti and several others.
DENVER : Flex Class Holdings Inc., the leading online business school with over 68,000 active students will delist from OTC Pre Markets on March 25, 2017.
Post delisting, the company will file its Form A with the SEC to initiate its mini-ipo process. The company is planning to raise US $6 million as an expansion capital.
The last recorded valuation on March 25, 2017 will be taken as final and the shares will be offered at the price matching the valuation.
The company will file for OTC markets listing post its mini-ipo.
As of today, the company’s last recorded valuation on the secondary markets is trailing above US $700 million or Rs. 4,500 crore.
It is some of these metrics that would have helped Flex Class garner its current valuation, as experts feel that none of the business to consumer (B2C) startups in education technology space have been able to prove a credible business model.
The company, which already has presence in the Indian and Middle East markets, is looking to expand to the USA, UK, South Africa and other the African and Commonwealth markets.
The immediate focus for Flex Class is to expand its user base in India, even as it plans for an international expansion which will take 18 months.
New Delhi : The valuation of India’s leading e-commerce player “Flipkart” may dip further to US $3 billion from US $5.54 billion by the end of the year 2017 (Morgan Stanley’s November, 2016 markdown from US $15 billion to US $5.54 billion). The core reason of anticipated dip in value is heavy competition from the Amazon’s India operations.
Amazon is planning to infuse fresh capital to the tune US $2 billion and will add new 100,000 sellers on it’s platform. Flipkart’s dependency on WS Retail may further deepen losses.
PennyPicks.com announced today the opening of its new real time text chat feature, allowing members of the site the ability to communicate and share stock market insights, stock picks and more, a complimentary addition to its existing trading and investment forums for penny stock and small cap investors.
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Flex Class Holdings Inc. (FCHI) before its proposed Regulation A+ offering or the Mini-IPO this year is proposing to raise US $5 million or Rs. 34 crores through the private placement of shares to the institutional investors.
FCHI is in talks with the venture banks and may close on the private offering before the end of February, 2017. The valuation at which the shares might be placed may surpass US $1 billion or Rs. 6,800 crores.
The Regulation A+ offering will is proposed to be propelled before the finish of March this year where FCHI may raise extra US $6 million or Rs. 40.80 crores of funding.
FCHI, has as of late isolated it’s business college from its proposed online school education business. FCHI will work two distinct sites www.flexclass.in for the online school education and www.flexonlinemba.com for it’s online business school.
www.flexclass.in will concentrate on the Indian school curriculum. FCHI through it’s low prices courses may upset the developing business of online education in India.
FCHI’s online MBA school is transforming itself into a skill development platform where online MBA will be the core source of revenue.
Ann Arbor, Michigan-based FarmLogs has raised $22 million in a Series C round of funding for technology that helps farmers monitor and measure their crops, predict profits, manage risks from weather and pests and more. Naspers Ventures led the round, joined by the company’s earlier backers Drive Capital, Huron River Ventures, Hyde Park Venture Partners, SV Angel and individual investors including Y Combinator president Sam Altman.
According to CEO and co-founder of FarmLogs Jesse Vollmar, the company has invested heavily in satellite imagery and data since it graduated from the Y Combinator accelerator in 2012. It develops predictive models on top of that raw data to help farmers “program” their fields, Vollmar says.