Analysis, guides and explainers on India's unlisted market — from IPO pipelines to ESOP liquidity.
As per news roaming in ET, a fund run by UBS’s asset management arm is in discussions to buy a stake in Paytm alongside some of the Swiss bank’s clients. UBS is negotiating the purchase of Paytm shares from a group of the Indian fintech company’s employees. <!--more-->The deal is likely to be completed by this month end. However, the successful completion of the deal will depend upon the valuation at which UBS is agreed to buy and employees are agreed to offer shares.UBS and other Swiss bank clients are looking to buy stakes worth Rs. 300 Crores. In the unlisted market, the current market price of Paytm unlisted shares is Rs.10700 per share. This has fallen from the value of Rs. 18000 in the last one year. In Nov-19, the Paytm was valued officially at $16Billion, when Softbank had infused fresh capital in the company. Stay tuned to UnlistedZone for further updates on this news.
<p>HDFC Securities, the flagship company of HDFC Group has come up with the third-quarter results. In the third quarter i.e. Dec 2020, HDFC Securities has clocked revenue of 335 crores; it was only 214 crores last year in the same period. This has translated into a massive 56% growth in revenue. Total expenses have also gone up to 110 crores as compared to 86 crores last year in the same period.</p> <!--more--> <p>The main expense of Broking Company is employee salaries, for HDFC Securities it accounted for 50% of total expense in the third quarter for FY20-21. The PAT has also grown by 73% to reach 163 crores as compared to just 94 crores last year. <br /><br /><strong>Results Snapshot</strong></p> <div class="table-overflow-init"> <table width="100"> <tbody> <tr> <td width="79">Date</td> <td width="79">Total Income</td> <td width="82">EBITDA</td> <td width="64">OPM</td> <td width="64">PAT</td> <td width="64">NPM</td> <td width="83">EPS</td> </tr> <tr> <td>30-Jun-20</td> <td>275.31</td> <td>194.06</td> <td>70.49%</td> <td>129.72</td> <td>47.12%</td> <td>82.47</td> </tr> <tr> <td>30-Sep-20</td> <td>344.33</td> <td>244.41</td> <td>70.98%</td> <td>165.82</td> <td>48.16%</td> <td>105.34</td> </tr> <tr> <td>31-Dec-20</td> <td>339.12</td> <td>250.17</td> <td>73.77%</td> <td>163.15</td> <td>48.11%</td> <td>103.64</td> </tr> </tbody> </table> </div> <p><strong>Euphoria in the market</strong> <br /><br />If we see the market stats carefully during April-Dec 2020, retail investors have participated big-time as a trader and investor, both. The WFH has given a lot of retail investors a time to invest in the market. The continuous rise of market is also playing in the mind of investors who are buying stocks as they don't want to miss this opportunity of making easy money. This has resulted into good brokerage income for stock brokers in the market.<br /><br /><strong>Impact of COVID-19</strong> <br /><br />Stockbroking and depository services have been declared as essential services and accordingly, the Company has faced no business stoppage/interruption on account of the lockdown. In light of the steep decline in the indices, the Company, in the normal course of business, placed additional margin money with the stock exchanges. <br /><br /><strong>UnlistedZone View <br /><br /></strong>If we annualize the HDFC Securities performance of 9 months, then it will easily touch the EPS of ~400 in FY20-21. This will translate into P/E of 25x at Rs.10,000 per share in the unlisted market. The listed players like Angel Broking and ICICI Securities are trading at P/E of 34x and 20x on FY2021 earnings. <br /><br /><a href="https://unlistedzone.com/storage/knowledge-logo/1bea896c-d282-4f24-843f-e601914ac196.pdf">To check HDFC Securities Results, click here</a></p>
Paytm CEO, Vijay Shekhar told to Reuters Next conference that Indian fintech giant PayTM may turn profitable this year as the pandemic fuels a surge in the use of its payment platforms. At the conference, Vijay Shekhar Sharma said the crisis had forced more merchants to use PayTM's platforms as businesses were forced to accept digital payments. <!--more--> PayTM, which began as a service for people to top up their mobile phones, offers a digital payment platform for merchants, money transfers and bill payments across India. Its lending businesses include credit cards, personal loans and merchant cash loans in partnership with other lenders. Pressed on whether the company, which is backed by Chinese fintech giant Ant Financial and Japan’s Softbank, would soon look to list, Sharma said it would look at that when profitable but had no plans in the “short term”. PayTM was valued at about $16 billion during a private fundraising round in 2019. Currently, it is available at $11 billion of valuation in unlisted market.
Japan's beer maker Kirin Holdings will invest 210 Crores in New Delhi-based B9 Beverages, as it seeks to secure a spot in India's growing craft beer market amid falling sales at home. The Japanese brewer will acquire a stake of under 10% in B9.<!--more--> As per Ankur Jain, CEO of Bira, this investment would allow Bira, which has posted losses in recent years and has been hit by the COVID-19 pandemic, to break even in the 2021-2022 fiscal year. <strong>UnlistedZone View</strong> We at UnlistedZone are iu view that this is the timely investment which has come to the rescue of Bira, as hotel and restaurant industry, the largest seller for bira beer, was the most hit sector due to COVID-19. This funding will allow Bira to carry out operations without having to worry about the cash flow problem. Plus they will get the support and expertise of Japanese beer maker in expanding operations in India. If we go by this deal, the Bira is valued approximately 2200 Crores. In 2019, Bira had raised 30 Cr from Sixth Sense Ventures, at a reported valuation of 1722 Crores.
Financial advisory firm Plutus Wealth Management LLP and its associates have bought shares worth Rs 500 crore in Rakesh Jhunjhunwala-backed mobile gaming startup Nazara Technologies. The shares have been purchased from Nazara’s early investor WestBridge Ventures’ private equity fund WestBridge Ventures II Investment Holdings in a secondary transaction to provide latter the complete exit from the gaming company that had developed popular games such as World Cricket Championship, Chhota Bheem Race, Motu Patlu Race, etc. WestBridge Ventures had put around Rs 22.6 crore in Nazara and obtained sales consideration of around Rs 1000 crore from its investment.<!--more--> “We believe gaming will be a prominent form of entertainment and will do well in the next decade. We believe that Nazara is well-placed to leverage on the vast available opportunity,” said Arpit Khandelwal, Partner, Plutus Wealth Managing in a statement. With the latest deal, Nitish Mittersain who heads Nazara Technologies said the company is seeing Plutus as a ‘long term investor’ in the company. The secondary exit has come ahead of the company’s planned IPO this year. <strong>As per UnlistedZone estimate;</strong> " <em>As on 31.03.2020, the West-Bridge has 6,121,210 equity shares in the Nazara Technology. So, if we go by this news where Plutus Wealth Management is buying all the shares of West-Bridge for consideration of Rs.500 Crores, per share value comes out to be around 810 per share</em>". <strong>About Plutus Wealth Management</strong> Plutus Wealth LLP is an award winning Independent Financial Advisers based in central London. They provide independent advice and wealth management to companies and individuals. They have a diverse range of clients and specialise in those new to financial planning. Plutus brings together experienced, able and highly regarded individuals, our emphasis is on building strong, long lasting, personal relationships with our clients. We pride ourselves on giving a fresh perspective to clients and their financial affairs. <strong>Source: Economic Times</strong>
Hi, Please find the proposal to sell unlisted shares at Unlisted Zone. 1. We will confirm our buying price. 2. We will give you our client master report and you will transfer the shares to our account. 3. We will ask for bank details of you once the shares are received in our demat account. 4. We will transfer the funds in your account within 24 hrs of receiving the shares. 5. Payment will be made in RTGS / NEFT / CHEQUE TRANSFER. No CASH DEPOSIT / IMPS. 6. Payment will be given in the same account which is linked to demat account. 7. Happy investing. Dinesh Gupta Partner, 8010009625 UnlistedZone- Best Place to Buy and Sell Unlisted Shares in India <strong>Note:</strong> The price at which we are buying the share is fixed for 1 week. If you cant sell your stock within 1 week, then the price of that day will be applicable when we receive shares in our demat.
Jubilant Foods has informed to the bourses that they are investing Rs. 92 crores in Barbeque-Nation Hospitality Limited for a 10.76% stake. The Company will acquire 36,50,794 fully paid up equity shares of face value of INR 5 each aggregating to 10.76% stake in BNHL.<!--more--> <strong>Barbeque Nation:</strong> BNHL operates Barbeque Nation (BBQ) an Indian cuisine, casual dining Brand which introduced the concept of live grilling of Kebabs to the Indian market. It owns and operates 138 Barbeque Nation Restaurants in 73 cities in India and 7 International Barbeque Nation Restaurants (as of November 30, 2019). It also has a presence in the Italian cuisine segment under the brand, Toscano. <strong>About Jubilant Foods:</strong> Jubilant Foodworks Limited (JFL/Company) is part of Jubilant Bhartia group and is India’s largest foodservice Company. Its Domino’s Pizza franchise extends across a network of 1,264 restaurants in 281 cities (as of September 30, 2020). The Company has the exclusive rights to develop and operate Domino’s Pizza brand in India, Sri Lanka, Bangladesh and Nepal. At present, it operates in India, and through its subsidiary companies’ in Sri Lanka and Bangladesh. The Company also enjoys exclusive rights to develop and operate Dunkin’ Donuts restaurants in India, has in operation 26 restaurants across 8 cities in India (as of September 30, 2020). JFL has ventured into Chinese cuisine segment with its first owned restaurant brand, ‘Hong’s Kitchen’, which serves 2 cities with 5 restaurants in India (as of September 30, 2020). Recently, the Company has added Indian cuisine of biryani, kebabs, breads and more to the portfolio by launching Ekdum! with 3 restaurants in Gurugram. In accordance with shifting consumption habits, the Company has also launched its ready-to-cook range of sauces, gravies and pastes under the brand ‘ChefBoss’. Mr. Shyam S. Bhartia, Chairman and Mr. Hari S. Bhartia, Co-Chairman, Jubilant Foodworks Limited said, “We are happy to announce our investment in Barbeque Nation - a differentiated, casual dining restaurant brand of scale with strong unit economics. We are confident that the proposed investment will create value for our shareholders.
Capital Small Finance Bank has come up with an excellent 6M results for FY21 amid business problem faced by many in the economy due to COVID-19.<!--more--> <strong>A) Results Update</strong> <div class="table-overflow-init"> <table width="100"> <tbody> <tr> <td style="text-align: center;" width="228">Particulars (Crores)</td> <td style="text-align: center;" width="194">Half Year Ended 30.09.2020</td> <td style="text-align: center;" width="170">Half Year Ended 30.09.2019</td> </tr> <tr> <td style="text-align: center;" width="228"> Intest/disc. on advances/ bills</td> <td style="text-align: center;" width="194">183.00</td> <td style="text-align: center;" width="170">153.00</td> </tr> <tr> <td style="text-align: center;" width="228">Income on investments</td> <td style="text-align: center;" width="194">41.00</td> <td style="text-align: center;" width="170">35.00</td> </tr> <tr> <td style="text-align: center;" width="228"> Interest on balances with Reserve Bank of India and other inter-bank funds</td> <td style="text-align: center;" width="194">24.00</td> <td style="text-align: center;" width="170">25.00</td> </tr> <tr> <td style="text-align: center;" width="228">Other Income</td> <td style="text-align: center;" width="194">18.00</td> <td style="text-align: center;" width="170">21.00</td> </tr> <tr> <td style="text-align: center;" width="228">Total Income</td> <td style="text-align: center;" width="194">266.00</td> <td style="text-align: center;" width="170">234.00</td> </tr> <tr> <td style="text-align: center;" width="228">Interest Cost</td> <td style="text-align: center;" width="194">154.00</td> <td style="text-align: center;" width="170">135.00</td> </tr> <tr> <td style="text-align: center;" width="228">Operating Expenses</td> <td style="text-align: center;" width="194">82.00</td> <td style="text-align: center;" width="170">76.00</td> </tr> <tr> <td style="text-align: center;" width="228">Other Expense</td> <td style="text-align: center;" width="194">40.00</td> <td style="text-align: center;" width="170">37.00</td> </tr> <tr> <td style="text-align: center;" width="228">Total Expenditure</td> <td style="text-align: center;" width="194">237.00</td> <td style="text-align: center;" width="170">211.00</td> </tr> <tr> <td style="text-align: center;" width="228">Net-Profit</td> <td style="text-align: center;" width="194">15.00</td> <td style="text-align: center;" width="170">12.00</td> </tr> <tr> <td style="text-align: center;" width="228">Equity Shares</td> <td style="text-align: center;" width="194">3.39</td> <td style="text-align: center;" width="170">3.01</td> </tr> <tr> <td style="text-align: center;" width="228">Reserves</td> <td style="text-align: center;" width="194">389.00</td> <td style="text-align: center;" width="170">272.00</td> </tr> <tr> <td style="text-align: center;" width="228">Book Value</td> <td style="text-align: center;" width="194">115.63</td> <td style="text-align: center;" width="170">91.36</td> </tr> </tbody> </table> </div> <ol> <li style="list-style-type: none;"> <ol> <li>The Capital Small Finance Bank has shown 13% increase in its revenue in the first 6M of FY21 as compared to last year in the same period.</li> <li> Capital Small Finance Bank has clocked the PAT of 15 Crores in the first 6M of FY21 as compared to 12 Crores last year.</li> <li>Capital Small Finance Bank has book value of 115 as on 30.09.2020.</li> </ol> </li> </ol> <strong>B) Analytical Ratios</strong> <div class="table-overflow-init"> <table width="100"> <tbody> <tr> <td style="text-align: center;" width="228">Particulars (Crores)</td> <td style="text-align: center;" width="194">30.09.2020</td> <td style="text-align: center;" width="170">30.09.2019</td> </tr> <tr> <td style="text-align: center;" colspan="3" width="592"><strong>Analytical Ratios</strong></td> </tr> <tr> <td style="text-align: center;" width="228">Capital Adequacy Ratio</td> <td style="text-align: center;" width="194">19.16%</td> <td style="text-align: center;" width="170">17.57%</td> </tr> <tr> <td style="text-align: center;" width="228">EPS</td> <td style="text-align: center;" width="194">4.49</td> <td style="text-align: center;" width="170">4.43</td> </tr> <tr> <td style="text-align: center;" width="228">Gross NPA</td> <td style="text-align: center;" width="194">56.00</td> <td style="text-align: center;" width="170">55.00</td> </tr> <tr> <td style="text-align: center;" width="228">Net. NPA</td> <td style="text-align: center;" width="194">35.00</td> <td style="text-align: center;" width="170">40.00</td> </tr> <tr> <td style="text-align: center;" width="228">% Gross NPA</td> <td style="text-align: center;" width="194">1.65%</td> <td style="text-align: center;" width="170">1.85%</td> </tr> <tr> <td style="text-align: center;" width="228">% of Net NPAs</td> <td style="text-align: center;" width="194">1.02%</td> <td style="text-align: center;" width="170">1.35%</td> </tr> <tr> <td style="text-align: center;" width="228"> Return on Assets (Annualized)</td> <td style="text-align: center;" width="194">0.55%</td> <td style="text-align: center;" width="170">0.57%</td> </tr> <tr> <td style="text-align: center;" colspan="3" width="592"><strong>Books Size (Cr)</strong></td> </tr> <tr> <td style="text-align: center;" width="228">Deposits</td> <td style="text-align: center;" width="194">4,799.00</td> <td style="text-align: center;" width="170">4,106.00</td> </tr> <tr> <td style="text-align: center;" width="228">Advances</td> <td style="text-align: center;" width="194">3,438.00</td> <td style="text-align: center;" width="170">3,041.00</td> </tr> <tr> <td style="text-align: center;" colspan="3" width="592"><strong>Branch Network</strong></td> </tr> <tr> <td style="text-align: center;" width="228">Rural</td> <td style="text-align: center;" width="194">64</td> <td style="text-align: center;" width="170">63</td> </tr> <tr> <td style="text-align: center;" width="228">Semi Urban</td> <td style="text-align: center;" width="194">47</td> <td style="text-align: center;" width="170">46</td> </tr> <tr> <td style="text-align: center;" width="228">Urban</td> <td style="text-align: center;" width="194">30</td> <td style="text-align: center;" width="170">29</td> </tr> <tr> <td style="text-align: center;" width="228">Metro Politan</td> <td style="text-align: center;" width="194">11</td> <td style="text-align: center;" width="170">12</td> </tr> <tr> <td style="text-align: center;" width="228">Total</td> <td style="text-align: center;" width="194">152</td> <td style="text-align: center;" width="170">150</td> </tr> </tbody> </table> </div> <ol> <li>Capital Small Finance has loan book of 3438 Crores as on 30.09.2020 up by 400 Crores as compared to last year same period.</li> <li>Gross NPA and Net NPA has gone down in the first 6M of FY21. which is positive sign.</li> <li>They have opened two new branches in the last 6 months.</li> </ol> <strong>Valuation</strong> Currently, it is available in the market at Rs. 260 per share. So, on that unlisted price with Book Value of 115, the P/B at which share available is 2.26x (<span style="text-decoration: underline;"><strong>which is quite reasonable</strong></span>). <strong>Brief about Capital Small Finance Bank</strong> Capital Small Finance Bank Limited is India’s 1st Small Finance Bank, started operations on April 24, 2016. It was called ” Capital Local Area Bank”, the largest Local Area Bank in the country, before conversion to ‘Small Finance Bank’ has been into operations for the last 16 years with excellent performance in all spheres. The Bank pioneered in bringing modern banking facilities to the rural areas at a low cost. From day one 7-Day Branch Banking was introduced with extended banking hours. The focus to serve the common man and the local touch advantages has given the Bank a competitive edge over other banks operating in the region. Within a short period, most of the Branches become market leaders of their respective centers. The Bank is providing a safe, efficient, and service-oriented repository of savings to the local community while reducing their dependence on moneylenders by making need-based credit easily available.
Nazara Technology is conducting an extra-ordinary general meeting of the members on tuesday, the 19th day of january 2021 at 11.00 a.m at the registered office of the company situated at 51-57, maker chambers 3, nariman point, mumbai – 400021 to transact the following business as special business: <strong>Adoption Of New Set Of Articles Of Association Of The Company:</strong><!--more--> 1. In order to undertake the proposed initial public offering (IPO), the Company is required to ensure that the Articles of Association of the Company conform to the requirements as required by a Public Limited Company under applicable laws (including the Companies Act, 2013) and directions of relevant stock exchanges prior to filing of the draft red herring prospectus with the Securities and Exchange Board of India (“SEBI”) and the relevant stock exchanges where Company proposes to list its Equity Shares. 2. Presently Articles of Association (“AoA”) of Company is divided into two parts, Part A and Part B. Part B of Articles of Association includes certain rights provided to Westbridge Ventures II Investment Holdings, Promoters of the Company and Emerging Investment Limited pursuant to the Shareholders’ Agreement dated September 17, 2005 and the subsequent amendment agreements thereof (“SHA 2005”). Further, it may be noted that the Company has entered into Termination Agreement dated 25th December 2020 with Westbridge Ventures II Investment Holdings, Promoters of the Company and Emerging Investment Limited for recording the termination of the rights provided to them pursuant to the aforesaid SHA 2005. Consequent to the termination of rights as provided in SHA 2005, the Company will be required to delete the Part-B of the existing Articles of Association. 3. The Board in its meeting held on 18th December 2020 approved the aforesaid proposal for adoption of new set of Articles of Association subject to the approval of shareholders in the EGM. <strong>UnlistedZone View</strong> Once the above changes be made in AOA of the company, they will be all set to launch the DRHP. The EGM will be held on 19.01.2021 and once that is approved, the same will be intimated to MCA for changes and subsequent filing of DRHP for IPO. <a href="https://linkintime.co.in/website/GoGreen/2020/EGM/Nazara_Technologies_Limited/Nazara_EGM_Notice_2020.pdf">EGM Notice</a>
Scapic, an augmented realty startup in e-commerce, has been acquired by Flipkart Group. Scapic is a one-stop shop for all the high converting 3D & AR product visuals. <strong>What is Augmented Realty in e-commerce? </strong> We mostly shop online via Amazon, Flipkart etc by seeing the product details which are static in nature. Just imagine if we can able to see the details of all the e-commerce items online almost similar to what we see in brick and mortar shops. Then it would be a great immersive experience for the users and to make this a realty, Scapic, an AR startup, has made a software for the same. The software gives customers a 360° view of the item on the product display page and increase customer engagement and help in increase of sales.<!--more--> <strong class="bold-text-18"> Below are the images taken from company website to know how it works. </strong> [video width="1260" height="720" mp4="https://unlistedzone.com/storage/knowledge-logo/5f0873ec02dcd876847b492d_main-transcode.mp4"][/video] [video width="356" height="720" mp4="https://unlistedzone.com/storage/knowledge-logo/5f355b8ba224a3e583f5dc78_videothreed-transcode.mp4"][/video] Flipkart added that it has been working to enhance consumer experience across multiple investments that include strengthening its technological capabilities. This push has also been accelerated by the change in consumer behaviour and an increased online adoption. As per company. the camera is the next frontier for commerce. Augmented Reality is the next frontier for the camera. Wearables are the next frontier for AR.
VerSe Innovation has recently raised ~730 Crores from AplhaWave, Google and Microsoft and attain a coveted status of Unicorn. Unicorn is the name given to the startups which has reached a valuation of $1Billion dollar. <strong>What is VerSe do?</strong> VerSe is the parent company of Daily Hunt. Dailyhunt, is an Indian content and news aggregator application based in Bangalore, India that provides local language content in 14 Indian languages from multiple content providers. It basically act as an aggregator of news from different news channels across different states.<!--more--> VerSe was started in the year 2007 as a Value Added Services, which in 2011 had acquired NewsHunt and subsequently, renamed the company to Daily Hunt in 2015. Dailyhunt has built data integrations with over 100,000 publishers and people who are giving them a content. On the performance side, they have 250 advertisers with whom they have full-funnel data integration by which they can track the user and do retargeting. And which is why Dailyhunt is the third largest by revenue in terms of a single destination after Google and Facebook in the country. <strong>Funding Details</strong> 1. In 2014, Dailyhunt raised its Series B funding of 10 Crores from Sequoia Capital India. 2. In 2015, Dailyhunt raised its series C funding round of 280 Crores from Falcon Capital. 3. In 2016, Dailyhunt raised its Series D funding of 175 Crores from ByteDance, owner of TikTok. 4. In 2018, Dailyhunt raised its Series E funding of 44 Crores from Falcon Edge Capital. 5. In 2020, Dailyhunt raised close to 738 Crores from Falcon Edge Capital, Google and Microsoft. <strong>How is the Josh?</strong> Josh is the short-video app of Dailyhunt which has launched recently after the banning of Tik-Tok. We have seen how Dailyhunt has aggressively advertise the Josh App during the IPL season, shows the commitment of company in capturing the market. In the short-video app, company receives competition of Chingari, Mitron, Moj and Roposo. As per Umang Bedi, " <em>the response to Josh has been magical. Literally in 45 days we have become the top rated app with 50 million downloads and 23 million people coming to the app every day and spending 21 minutes. It has a billion video plays a day and 5 million people creating content. </em>" <strong>Revenue?</strong> As on 2018-19, the Company has revenue close to 350 Crores which mainly comes from advertisement.
<strong>Financial Highlights on a Standalone basis</strong> 1. During the year FY19-20, Proyuga has earned an income of Rs. 4.10 Crores as against the previous year’s income of Rs. 2.02 Crores. So, revenue has doubled, which is a big positive. 2. The expenditure incurred in FY19-20 (excluding depreciation) was Rs. 13.78 Crores as compared to the previous year’s amount of Rs. 19.78 Crores.<!--more--> 3. Proyuga in the FY19-20, has incurred a Net Loss of Rs. 13 during the year under review as compared to the Net Loss of Rs. 19 Crores incurred in the previous year. <strong>Subsidiaries' role in marketing</strong> Mayuukha Pte Ltd was incorporated on 5th February 2018 in Singapore. During the year FY19-20, the revenue for the year was Rs. Nil. The main purpose of forming the company is to market the product of Proyuga in the UK and Australian markets. For that, Mayuukha has opened two new subsidiaries in both countries. The UK subsidiary has also opened one wholly-owned subsidiary in Dubai, to focus on the UAE market. <strong>Key Achievements of Proyuga in FY19-20</strong> 1. iB Cricket Gaming Arcades- Till date Proyuga has established gaming arcades across India reaching a total of 30 iB Cricket Arcades. iB Cricket aims to give some common delight zones for the cricketing fraternity to gather and facilitate a platform to show their love for cricket. 2. Global Expansion of iB Cricket - Proyuga has established a comprehensive business network including sales partners across 5 continents. More than 80 corporates across 8 countries have thus far utilized iB Cricket’s services to engage their employees. With this extensive network, the company shall organize corporate tournaments on a large scale in the coming months. 3. iB Cricket in Singapore- A special experience zone was set up at the Inspreneur 3.0 - India Singapore Summit organized by the High Commission of India in Singapore. 4. iB Cricket in UAE - Proyuga in UAE has organized a Corporate Carnival which saw the participation of 200+ employees across 30+ corporates thus establishing itself as one of the most integral parts of any employee engagement activity in the region. iB Cricket was present at the eSports Games Cup organized in one of the most prestigious schools of UAE namely GEMS Wellington. It had run VR Cricket tournaments for classes 6-12 across 16 schools. 5. iB Cricket in Australia - iB Cricket has worked with several stakeholders including brands, corporates, and academic institutions in Australia. Your company has organized open VR tournaments in Melbourne eSports Open and Sports Tech World Series. iB Cricket was displayed in universities like RMIT and Swinburne for students to compete in. With a strong base in Australia, iB Cricket is all set to embark a strong impact during the upcoming T20 World Cup. <strong>Future Scope</strong> 1. iB Cricket Steam Version - With the number of people logging on to Steam having significantly spiked up since the start of the year, iB Cricket is ready to be made available on Oculus Quest VR Headset. This would help the cricket fans across the globe play iB Cricket right from their living room. With the headset having a healthy market share in Australia, UK, USA, it has laid the right path for consumer sales of the company in these respective markets. This version of iB Cricket would also allow players from all across to play with their friends while they bowl through a PC Console for the batsman in VR. The game was launched on Steam VR Platform for the global audience to purchase and pursue. With this your company will be able to run online VR Cricket tournaments and also add a new revenue stream 2. iB Cricket Retail Kit - Going ahead in India, iB Cricket will also facilitate fans with the Retail version of the setup for people to play from their home. iB Cricket hotspots will further act as centers for tournaments and challenges for people holding the top ranks in the hyper-local challenges. Further, iB Cricket Retail Kits would bring more people to adapt to the culture of this nu-age Vsport, thus, help more people to compete in the forum. 3. With the recent breakthrough in the VR hardware, iB Cricket team came up with an advanced version in which there is no need of PC, sensors, wires, pulleys, etc. This makes the setup and gameplay of iB Cricket more pleasant and easy. Now they can take iB Cricket to every home where people can play cricket in world-class stadiums right from their home. This breakthrough opens us business opportunities around the world in the US, UK & Australia right now and many countries soon. <strong>UnlistedZone View</strong> The way the company is performing, expanding the footprint in the US, UK, Australia, and UAE market and by looking at growth available in the gaming segment, the future of Proyuga looks very bright. The company is managed and mentored by iB hubs, which work with various startups with an aim to accelerate the progress of society through initiatives that address the root causes of the pressing problems in society.
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