Wednesday, October 23, 2019

GojeFounder and Former CEO, Nadiem Makarim Appointed Indonesia’s Minister of Education and Culture


Gojek founder and former CEO, Nadiem Makarim has today been appointed to a role within the Indonesian government as Minister of Education and Culture.

Nadiem’s departure from Gojek has seen Kevin Aluwi and Andre Soelistyo take over responsibility for running the company as co-CEOs, with a focus on ensuring the long term sustainability of the business. Nadiem, Andre and Kevin have been running the business together for a number of years, which will ensure that this leadership transition will run smoothly.

Nadiem’s news was communicated in an email to all Gojek staff that was sent today. In the email, he looked back on how the company has grown over the past nine years and also set out his hopes for the future of the business:

“We started this company with nothing, other than a deep desire to change things for the better. We saw that the streets of Jakarta were a mess and that there was an informal community of ojek drivers who could easily act as a huge part of the solution to that mess, if only they were organised and working efficiently.

“With just that initial desire to improve life for everyone, as well as a large amount of support from countless friends, partners and stakeholders, we’ve created Gojek. An iconic company that flies the flag for the future of Indonesia and Southeast Asia.

“I will leave Gojek in the capable hands of Andre Soelistyo and Kevin Aluwi as co-CEOs, both of whom have played central roles in moving the company along its path from that office in South Jakarta onto the global stage.

“We got very lucky as we progressed along that path, but I believe that luck in business only really becomes a valuable commodity if you have the brilliant minds needed to take advantage of it. Kevin and Andre have mentored me to be the leader I am today. They are quite simply Gojek’s best. They have been running this company for a number of years and I have complete faith not just in their technical skills and ability to execute flawlessly, but also in their integrity and their desire to do the right thing every step of the way.

“High emotions are involved in running a company like Gojek but Andre and Kevin are always the steady voices of reason, approaching problems with intelligence and compassion. I couldn’t ask for better successors as the Gojek movement begins its next stage of growth.”

A joint statement released by Andre and Kevin said: “When a friend and mentor leaves a business you have built together, there is always going to be some sadness, but we are both determined that Gojek will go from strength to strength. We will continue to implement our vision as we focus on what the Gojek of the next ten years is going to be like.

“This company has changed the lives of so many people in Indonesia and around the region, and our key priority is to ensure that we can continue to act as a positive force in society for the foreseeable future.”

Under Andre and Kevin’s management, Gojek has grown exponentially, to process over two billion transactions a year. The company’s fundraising efforts have attracted some of the world’s most exciting companies including Google, Tencent, Mitsubishi, Visa, AIA and Astra, with Series F set to raise well over US$2bn. The company has also launched operations in Singapore, Thailand and Vietnam, while the Gojek app has become the most-used on-demand application in Indonesia, where its food and payments businesses have overtaken transport to become the largest businesses within the group.

With the new structure, Andre will focus on corporate functions and management of capital allocation, international expansion as well as the payments and financial services businesses, while Kevin will focus on the product development elements of the Gojek business as well as marketing, organisational development and the transportation and food delivery businesses.

Since co-founding Gojek, Kevin has held significant leadership roles across product and functional teams within the organisation. He has used his background in Business Intelligence to pioneer the use of data for decision-making across the Gojek business. He has also assembled deep technology expertise across the data, engineering and product teams, with a focus on enhancing the platform’s overall user experience. Prior to his role at Gojek, Kevin spent time at Zalora Indonesia, Merah Putih Incubator and Salem Partners.

Similarly, Andre has played a pivotal role in laying a solid foundation for Gojek’s rapid growth. He has overseen over US$4bn of fundraising, which attracted key investors such as Google, Tencent, Astra, KKR and Warburg Pincus. He has also laid the foundation for the company’s business strategy for long term sustainability. Prior to joining Gojek, Andre was an Executive Director at Northstar Group - Indonesia’s largest private equity fund, and was previously the Head of Corporate Finance at Delta Dunia Makmur.

Emirates Ushers in Festive Season by Treating Passengers to an Array of Sweet and Savoury Delicacies


In celebration of Diwali, Emirates will be offering its passengers a variety of special treats that are synonymous with celebration of the festival of lights. During the Diwali festive period from 25 October 2019 to 31 October 2019, the airline will be serving a colourful and aromatic array of traditional Indian sweets and savoury meals, which will be made available onboard its flights departing from and travelling to India, as well as in selected airport lounges worldwide.

Economy Class passengers will be served sumptuous Motichoor Laddu garnished with silver leaf and delightful pistachio. Passengers travelling on First and Business Class will be able to enjoy delicious Dry fruit Tribhuj along with Motichoor Laddu.

At its airport lounges in Dubai, Delhi, Cape Town, Johannesburg and Kuala Lumpur, Emirates will offer frequent flyers as well as First and Business Class passengers special festive dishes that include traditional sweets and savoury dishes on 27 October – the concluding day of the festival.

For passengers at the Emirates lounge at Delhi International Airport, the airline will offer them an assortment of Indian cashew sweets, along with rich Motichoor Rabri topped with pistachio nuts.

Meanwhile, the Emirates lounge at Dubai International Airport will serve crispy-fried Mini Dal Kachori and Mini Punjabi Samosa. For dessert, the lounge will serve the sweet and succulent Angoori Rabdi paired with Motichoor Laddu.

Passengers at the Emirates lounge in Cape Town International Airport and O.R. Tambo International Airport (JNB) can enjoy scrumptious Jalebi, along with Barfi, a favourite, and Nankhatai, a popular snack.

At the Kuala Lumpur International Airport, the Emirates lounge will serve Biryani rice with golden fried raisins and nuts. The lounge will also serve Chapati that is paired with sweet and sour spicy roasted pumpkin, in addition to flavourful chicken curry with sweet potato.

Beyond the culinary offerings, Emirates is ushering in Diwali on ice, the airline’s award-winning inflight entertainment system with 4,500 channels. During the festive period, passengers across all cabins can watch popular Bollywood movies, including recent hits such as Uri, Gold, Veere di Wedding, Stree and popular TV shows such as Koffee with Karan and Kanpur Waale Khuranas. Additionally, Emirates is offering its passengers up to 20MB of complimentary Wi-Fi to help them stay connected with friends and family during the festive season.

Much like its home the United Arab Emirates – which recently marked 2019 as the Year of Tolerance – Emirates connects and embraces diverse global cultures, in recognition of the significant role that air transport plays in bridging communities and fostering understanding. As a global airline, Emirates has been delighting customers’ palates with regionally inspired cuisine, and special seasonal menus for celebrating global cultures on its flights. Whether it is Diwali, Holi, Chinese New Year, Ramadan, Easter, Oktoberfest, or any other festivals, Emirates celebrates them with equal fervour to create lasting, memorable experiences for passengers travelling far from home.

Grand Master Akshar Launches Centuries-Old Himalayan Yogic Secrets in Yoga Namaskar Book


Grand Master Akshar – a globally renowned Yogapreneur and Spiritual Guru has launched the ‘Yoga Namaskar book’ to unveil yogic secrets of the Himalayas. The book covers the little-known YOGA NAMASKARS. The majestic Himalayas, also known as the birth place and eternal home of Yoga, holds many treasured secrets related to yoga that are yet to be revealed to mankind. The 296-page book, published by Dorling Kindersley- Penguin Random House offers never-before-heard yoga lessons from the Himalayas, is a must-have for yoga enthusiasts and instructors. Learn Surya Namaskar (Sun Salutation), Chandra Namaskar (Moon Salutation), Prithvi Namaskar (Earth Salutation), Vayu Namaskar (Air Salutation), Agni Namaskar (Fire Salutation), Akash Namaskar (Universe/Space Salutation), and Jal Namaskar (Water Salutation). The book can be easily availed from leading online stores.

According to Grand Master Akshar, “This book is the first installment from a series (of books) which will reveal the secrets of Yoga that the world has never seen. Yoga is a way to attain spirituality, and I would like to spread the wealth of India’s ancient science across the globe and share the fruits with everyone.”

The Yogic process is more than a physical or mental practice – it is a deep-rooted culture which nourishes the spirit. To connect with the Tattvas or elements, nature, the physical, and the metaphysical is the endeavour of any spirit. Through the mechanism of asanas, the flow of prana, the stillness of dhyan, and the focus of dharna, any individual can evolve to a higher spiritual plane. The book unveils in-depth information of highly beneficial yogic processes.

“Yogis must grow and evolve in their practice every day to become complete. The more they fill themselves with the teachings and practices of yoga, the closer they are to perfection. In the culture of yoga, it is believed that when a person bows, they become a receptacle for blessings, virtues, and goodness. The more you bow to various forces, the more your spirit accumulates”, added Grand Master Akshar.

Hyundai Launches New SANTRO Anniversary Edition Offered in Sportz MT and AMT Variants

Hyundai Motor India Ltd, India’s First Smart Mobility Solutions Provider and largest exporter since inception, today announced the introduction of the SANTRO Anniversary Edition to celebrate the 1st Anniversary of India’s Favourite Family Car.

The Anniversary Edition will be a limited edition based on two variants – Sportz MT and AMT, in – Aqua Teal and Polar White colours. 

Commenting on the launch of the Special Anniversary Edition of the New SANTRO, Mr. Vikas Jain, National Sales Head, Hyundai Motor India Limited said, “The SANTRO is a prestigious and legendary brand in India that has gone on to craft numerous milestones over the last two decades. To celebrate the First Anniversary of SANTRO, we are glad to announce the Anniversary Edition of SANTRO with various new features further enhancing customer experience and happiness. The Anniversary edition will entice our customers and continue to strengthen SANTRO’s legacy on the pillars of Global Technology, Stylish Design and World Class Features.

The SANTRO is developed to meet the needs of Indian Families with a focus to create a “Masterpiece Product” offering customers a great ownership experience.

Rubrik Opens Bengaluru R&D Center to Solve Cloud Data Management Challenges for Global Enterprises


Rubrik, the Multi-Cloud Data Control Company, today announced the opening of a new and expanded Bangalore R&D center, to accommodate Rubrik’s rapidly growing global engineering team. To commemorate the new center, Rubrik CEO Bipul Sinha and Board Advisor John Chambers attended the opening ceremony on October 22.

“With the new R&D center, Rubrik is proving it’s unique dual development center strategy and strengthening strategic business and trade ties between the US and India,” said John Chambers, Board Advisor of Rubrik. “As Rubrik expands to remedy data management pain points for global enterprises, we expect Rubrik Bangalore to continue to attract the very best technical talent.” 

As global businesses pursue Digital Transformation and Cloud, demand for Rubrik’s industry defining Data Management solution has grown significantly. Rubrik’s Bangalore R&D Center is a strategic investment for the company, with a focus on key products. Rubrik has also invested in resources in Bangalore to address the Global System Integrator (GSI) ecosystem.

“Investing and growing our capabilities and our business in the Indian market is a strategic step to ensuring we can develop the best solutions possible for our customers,” said Bipul Sinha, co-founder and CEO of Rubrik. “Rubrik’s new R&D center will allow us to reach top global engineering and product talent as we strive to support and address customers’ most pressing data management challenges.”

On the heels of recognition as a leader in the Forrester Wave for Data Resiliency Solutions, top 10 on the highly competitive Forbes Cloud 100 List and the release of a joint solution with NetApp, Rubrik’s new R&D center is a strategic next step in continued innovation and product development for global enterprise customers’ data management challenges. Rubrik has grown the Indian team to over 250 employees across engineering, sales, IT services, customer support, HR and finance.

Additional Quotes:

“Our expanding Bangalore center is not only a regional success story for technology innovation, but also a reflection of our success in building relationships and solving complex problems for GSIs and enterprise businesses in India” said Kamal Brar, Rubrik VP of APJ Rubrik.

“The R&D team in India is a key contributor to Rubrik’s global product development,” said Ashish Gupta, Rubrik VP Engineering and Head of India R&D. “The India team has helped solve some of the largest and most cutting-edge engineering problems across all sides of the business and are critical to the company’s success.”

Over 81,300 Unsold Homes are Ready for Possession in Top 7 Cities

Highlights

* As on Q3 2019 end, 6.56 lakh units were unsold across the top 7 cities - nearly 12% are ready-to-move-in
* MMR has maximum ready homes with approx. 21,000 units, followed by NCR with 16,800 units & Pune with 14,260 units
* In Chennai, nearly 32% of total unsold inventory is ready-to-move-in; 17% in Bangalore; NCR & MMR have just 9% each of unsold ready homes in their overall unsold stock
* Of total 81,300 ready homes, 35% are in the affordable segment while 13% (approx. 10,000 units) in premium segment priced >INR 1.5 Crore

Homebuyers seeking ready-to-move-in properties in the ongoing festive quarter are spoiled for choice. ANAROCK research indicates that nearly 81,300 unsold homes are currently ready-to-move-in across the top 7 cities. As on Q3 2019 end, approx. 6.56 lakh units were lying unsold across the top 7 cities and out of this nearly 12% are ready to be occupied.

Anuj Puri, Chairman - ANAROCK Property Consultants says, "Among the top 7 cities, MMR has the maximum ready unsold stock equalling nearly 21,000 units, followed by NCR which has nearly 16,800 unsold ready units and Pune with 14,260 ready units. In the South, Bangalore and Chennai have an almost equal number of ready unsold supply with 10,640 units and 10,160 units respectively. Kolkata has 5,620 ready unsold homes, and Hyderabad has the least ready stock with about 2,520 unsold units. Hyderabad also has the least overall unsold stock (of 23,890 units) among the top 7 cities."

Interestingly, on studying the overall share of the ready units out of the total unsold stock in each of these cities, Chennai tops out - of the total 31,380 unsold units in the city (as on September 2019) 32% is ready-to-move-in (approx. 10,160 units). Bangalore follows with nearly 10,640 units ready for possession out of a total 63,540 units - a 17% share. In Pune, nearly 15% of the total unsold stock - nearly 14,260 units of 92,560 unsold units - are ready-to-move. In Hyderabad and Kolkata, the share of ready stock among total unsold stock is 11% and 13% respectively.

Ready Homes: Budget Analysis

The data of current ready unsold inventory across top 7 cities reveals that the maximum ready stock is in the affordable segment priced
Nearly 35% (approx. 28,830 units) of the total 81,300 unsold ready units are in the affordable bracket (priced < INR 40 lakhs). MMR and Pune have the maximum ready affordable stock with 9,730 units and 5,990 units respectively.

In the mid-segment (homes priced within INR 40-80 lakhs) approx. 26,180 units - or 32% - of unsold stock is ready-to-move-in. Bangalore, Pune and NCR have the maximum ready units in the mid-segment with approx. 5,300 units, 5,140 units and 5,060 units respectively.

Nearly 20% of around 16,290 ready unsold units in the top 7 cities are priced within INR 80 lakhs to INR 1.5 Crore. MMR, NCR and Pune collectively have more than 10,170 ready units in this budget range.

Nearly 10,000 units across top 7 cities are in the luxury and ultra-luxury segments priced > INR 1.5 Crore. Not surprisingly, MMR and NCR have maximum ready unsold stock in the luxury and ultra-luxury segments. Together, they account for nearly 66% of the total 10,000 available ready units.

Top Micro-markets with Ready Supply

The prominent micro-markets with generous ready unsold stock in the top 7 cities are:

·         MMR - Badlapur, Palghar and Virar have nearly 3,060 ready unsold units
·         NCR - Central Noida, Greater Noida West and Yamuna Expressway have more than 7,270 units that are ready-to-move-in.
·         Bangalore - the prominent IT hubs of Whitefield, Electronic City and Sarjapur Road collectively have more than 2,810 unsold ready units
·         Pune - Balewadi, Talegaon Dabhade and Wagholi have ready unsold inventory of nearly 2,830 units.
·         Hyderabad - Gachibowli, Kondapur and Narsingi have approx. 1,040 units that are ready-to-move-in.
·         Chennai - Iyyappanthangal, OMR and Perambur have around 4,450 unsold ready units.
·         Kolkata - Maheshtala, Rajarhat and Rajpur Sonarpur have more than 2,290 ready unsold units.

Hiperdist Partners with ONGO Framework to Provide its Patrons Digital Transformation with Minimum CapEx and Fast Go-to Market


Hiperdist Partners with ONGO Framework to Provide its Patrons Digital Transformation with Minimum CapEx and Fast Go-to Market

To further catalyze the digital adoption amongst global enterprises, ONGO Framework has partnered with Hiperdist, one of the leading IT solutions vendor based out of UAE. The strategic partnership will enable Hiperdist to extend ONGO Framework’s cutting-edge solutions to its customers including Digital Transformation – a comprehensive suite for Web/App Development, CRM, ERP, and Marketing/Branding).

In an interactive session with the audience at the recently-concluded GITEX Conference, Dubai, Santosh Sansare (GM, Hiperdist) and Rama Kuppa (Founder & CEO, ONGO Framework) revealed their plans to expand the IT distributor ecosystem with value added services like Digital Transformation which are innovative and unique in concept and execution.

Hiperdist is one of the fastest-growing value-added distributor of Microsoft, Alibaba Cloud and Palo Alto in UAE and Africa. It has partnered with ONGO Framework to focus on "enabling digital transformation" to businesses.

While showcasing its digital technology capabilities at the event, Santosh Sanare (GM, Hiperdist) said, "At GITEX this year, we focused on how we could enable digital transformation for the market. We highlighted our readiness to the channel via our marketplace of application delivery partners, such as ONGO. Leveraging these partners, we believe we can bring value to our partners, while empowering them to migrate to the cloud easily.”

On his part, Rama Kuppa, Founder & CEO, ONGO Framework explained to the audience how ONGO revolves around the thought process that “A business should focus only on its growth and not on the complexities of technologies involved in it. ONGO offers you need-based Digital Transformation, which is customizable, scalable and affordable.”

Broadly, Rama defined the scope of the Framework in four integral points. Firstly, it decreases the development work by 60 to 90 percent and equips businesses with a quick go-to market strategy. Secondly, it adds zero to negligible CapEx for them. Further, there are no upfront expenses. The billing is based on Framework-as-a-Service cost, which may start as low as USD 5 as per the predefined services. Lastly, it offers enterprises with complete customization according to the needs of their unique business model. 

Total Pageviews