Wednesday, February 19, 2020

Multi-Disciplinary Approach Saved Life of 36-Year-Old Patient with Spinal Paraganglioma Tumor at Manipal Hospitals


Manipal Hospitals Bangalore achieved yet another medical marvel by successfully removing a rare tumor of the nerve cells, ‘Paraganglioma’ which was secreting excess hormone and was present at the lower back, near the spine of 36-year-old patient Mr. Jagadeesh Ratha. A multidisciplinary team with specialized doctors from different streams got together to perform this complex surgery are Dr. Praveen M Ganigi, Consultant, Neurosurgery, Dr. Bopanna KM, Consultant, Neurosurgery, Dr. Shabber Zaveri, Consultant, Cancer Care and Dr. Karthik Prabhakar, Consultant, Diabetes & Endocrinology, Dr. G S Nagaraja Prabhakar, Consultant, Anesthesiology.

Mr. Jagadeesh Ratha, was on medication for Hypertension since many years. He was facing recurrent lower backache for the past one year with radiating right lower limb pain since 8 months. He also reported to have lost weight over the past 6 months. Thorough investigation revealed that he was suffering from a spinal paraganglioma, with excess secretion of Catecholamine hormone leading to hypertension.

Dr. Karthik Prabhakar, Consultant, Diabetes & Endocrinology, Manipal Hospitals Bangalore said, “According to a recent study, these kind of tumors are found in 2 out of every million people each year and are the cause of high blood pressure in less than 0.2% of people. Though in this case, it was a benign tumor, but excess release of catecholamine from the tumor in uncontrolled bursts could cause serious health problems like stroke, heart attacks and even death to the patient. Therefore, he required a multi-disciplinary attention.”

Speaking about the case, Dr. Praveen M Ganigi, Consultant, Neurosurgery, Manipal Hospitals Bangalore, said, “Spinal Paraganglioma is rare, with approximately 90 cases reported in the literature and can affect people between the ages of 30 and 50. The surgery was conducted in two steps, one from the front and another one from the back of the spine, taking a total of around 10 hours of complex surgery with constant monitoring of his vital sings”.

Dr. G S Nagaraja Prabhakar, Consultant, Anesthesiology, Manipal Hospitals Bangalore said, “Since the urinary metanephrines’ value was on the higher side, we had to initiate adrenergic receptor blockers, along with appropriate antihypertensive medications for preoperative BP management. During surgery, hormones in the tumor could be released and could cause serious problems such as elevated blood pressure and pulse. We had to be alert and maintain his body stable at the time of the surgery”.

“For these kind of rare case of paraganglioma, complete removal of tumour by surgical resection is the first choice of treatment with or without radiotherapy. However, since paragangliomas are highly vascular lesions and in view of anticipated large volume blood loss, Jagadeesh underwent pre-operative endovascular embolization to cut off blood supply to the tumor” added Dr. Shabber Zaveri, Consultant, Cancer Care, Manipal Hospitals Bangalore.

As it was a spinal paraganglioma, it could also change the shape of the spinal cord, which could have been disastrous. Therefore, the doctors had to reconstruct the spine as well, post removing the tumor.

Dr. Bopanna KM, Consultant, Neurosurgery, Manipal Hospital Bangalore said, “Post-surgery and upon review he was evaluated and was symptomatically better, mobilising independently and healing well with no fresh deficits. The patient underwent regular physiotherapy and was mobilised with thoraces-lumbar brace post the surgery as per the physical rehabilitation team and was discharged in a stable condition”

Expressing his happiness on the treatment, Mr. Jagadeesh Ratha said, “I have recovered completely and now leading a happy and normal life all thanks to the team of doctors’ at Manipal Hospitals. This was a true example of success achieved via team work. All the doctors were extremely supportive throughout the procedure and gave me confidence to recover. I appreciate the efforts and commitment of the doctors.”

Tuesday, February 18, 2020

OYO Hotels & Homes Revenue Globally Grows by 2.9x to USD 604 Million in FY19

Highlights

* Records consolidated revenue of USD 951 million in FY19 with India revenue at USD 604 million
* India contributes to 63.5% of fiscal revenue while International markets generate 36.5% of total revenue
* The company reduces net loss in India from 24% to 14% of revenue on the back of better-operating efficiency
* Consolidated losses increase from 25% in FY18 to 35% in FY19 on the back of international expansion; especially since China was launched at the end of the fiscal

OYO Hotels & Homes, the world’s leading hospitality chain, has today announced its financial results for FY 2019 (April 2018 to March 2019). As per audited financials, the company’s consolidated revenue stood at USD 951 million, which is 4.5X (year-over-year) higher from FY2018 when the company reported a revenue of USD 211 million.

As a six-year-old young startup, OYO’s business across markets today is seen to evolve through three key growth stages. In stage one, when we start our operations in new markets,  the focus of the company is on scale and presence; in stage two, when we have achieved scale and presence, the focus is on creating a strong brand resonance and ensuring improved gross margin, for the value proposition we bring in, while continuing to invest in accretive growth. In mature markets like India, where OYO is in the third stage of its growth journey, the focus of the company is to maintain strong brand preference while ensuring we have a clear path to profitability, enabled by accretive growth, operational excellence, and strong gross margin. In this context, this FY 19, business operations in India contributed to nearly 63.5% or USD 604 million of this consolidated figure as the business clocked a 2.9X (y-o-y) growth. Nearly 36.5% or USD 348 million was contributed by the company’s operations outside India, primarily China, signifying its strong commitment towards building a sustainable global business at scale with improved operating efficiencies.

The company reported an increase in both daily guest check-ins across its network as well as an increase in hotels and asset owners across the world. With over 43,000 asset partners, OYO hosted over 180 million guests from 120+ nationalities between January - December 2019.

In FY 2019, OYO had a primary presence in China and India. The inherent costs of establishing new markets, including those related to talent, market-entry, operational expenses among others, resulted in an increase in OYO’s net loss percentage in the near-term, which grew from 25% in FY18 to 35% of revenue in FY19 to USD 335 million. At the same time, in mature markets like India, the company reduced its losses from 24% to 14% of revenue in FY19 to USD 83 million.

Commenting on the development, Abhishek Gupta, Global CFO of OYO Hotels & Homes, said, “We have crossed an important milestone of achieving global revenue of USD 951 million in FY 2019, a 4.5 times increase on a year-on-year basis. OYO’s relentless focus on offering an exceptional guest experience, delivering value to asset partners and constant technological innovation supported by the hard work and perseverance of every OYOpreneur has been the core propellers behind this performance. As we work towards consistently improving our financial performance, ensuring strong yet sustainable growth, high operational and service excellence and a clear path to profitability will be our key to our approach in 2020 and beyond. The company’s increased focus on corporate governance and building a high-performing and employee-first work culture will also drive this next phase of sustainable growth for us. We look forward to adding value to the experience of travellers and asset partners across the globe.”

India is a high scale market moving towards profitability while showing continued growth.
OYO Hotels & Homes to focus on sustainable growth, operational excellence & profitability in 2020 & beyond

In 2019, OYO also continued to build a loyal guest base, with over 90% revenue coming from repeat and organic user base with repeat alone contributing to 73% of revenues.

Since China and other international markets were in development and investment mode during that time, they contributed to 75% of the losses for FY19 (USD 252 million). These markets constituted 36.5% of the global revenues. While consistently improving operating economics in mature markets like India where it's already seeing an improvement in gross margins,  the company is determined to bring in the same fiscal discipline in emerging markets in the coming financial year.

Sustainable Growth with Impact

The company’s gross margin in India increased from 10.6% in FY18 to 14.7% in FY19 indicating the strength of its business model and a positive correlation between market share and economics.

The OYO app is now among Top 3 Hotel booking apps globally with over 2.3 million downloads till October 2019 which has now increased to 10 million+ downloads. The company continues to delight its guests keeping in mind customer preferences, and its average ratings on OTA (Online Travel Agency) platforms were 7.5+/10.

India's Most Lovable Cop Chulbul Robinhood Pandey Makes Digital Debut on Amazon Prime Video with Dabangg 3


For Salman Khan fans, this Valentine’s Weekend is going to be even more special as Amazon Prime Video today announced the digital premiere of Bollywood’s most loved action comedy Dabangg 3.Directed by Prabhu Deva and starring Salman Khan, Sonakshi Sinha and Saiee Manjrekar,  the plot of Dabangg 3 revolves around the origin of Chulbul Pandey, and the circumstances that led him to go from Dhakkad Chand Pandey, to the eccentric Robin Hood of Uttar Pradesh. Prime members across 200 countries and territories can stream the third installment of the Chulbul Pandey film starting 15th February, 2020.

Commenting on the film, Salman Khan said “The Dabangg franchise has been very special to me – Chulbul Pandey’s character has become a favorite with my fans across the world! I am thrilled that Prime Members globally can now catch this movie on Amazon Prime Video. This Valentine’s Day weekend watch Chulbul and Raijo’s evolving love-story, coupled with the incredible action and humour one has come to expect from the Dabangg franchise.”

A circumquel to the 2010 film Dabangg and 2012 film Dabangg 2, this third installment of the Dabangg film series showcases the corrupt yet much loved Chulbul Pandey`s origin as a police officer after an encounter with his old rival named Bali Singh refreshes his memory.

Amazon Prime Video has the largest selection of latest & exclusive movies and TV shows, Stand-Up comedy, biggest Indian and Hollywood films, US TV series, most popular Indian & International kids’ shows, and award-winning Amazon Originals, all available, ad-free, with a world class customer experience. The service includes titles available in English, Hindi, Marathi, Tamil, Telugu, Kannada, Malayalam, Gujarati, Punjabi and Bengali.

Divine Solitaires Felicitated for its Breakthroughs at National Jewellery Awards in Mumbai


Divine Solitaires, India’s first solitaire jewellery brand was recognised at the prestigious National Jewellery Awards (NJA) for achieving complete transparency in the diamond industry. The awards function took place on Saturday, 15th February 2020 at Hotel Renaissance, Mumbai.

Divine Solitaires was felicitated for being the first-ever solitaire brand in India to offer complete transparency in quality and pricing along with a unique digital solitaire experience to diamond consumers.

Since its establishment in 2006, the brand has introduced some pathbreaking innovations such as a 123-parameter quality guarantee, a Nationwide Standard & Transparent Price List, the Divine Solitaires mobile application and a Solitaire Price Index. The brand has an outreach in more than 160 stores across 82 cities in India, and has also reached out to consumers in the United Kingdom, Australia and New Zealand and Nepal.

The National Jewellery Awards is considered as one of the most prestigious jewellery award in the gems and jewellery industry.  The All India Gems and Jewellery Domestic Council (GJC) accords recognition and award through the NJA platform annually to stimulate talent, honour innovation and creativity of the jewellers & designers to boost the industry.

NJA honours the work of designers and manufacturers in various categories such as Best Jewellery Designs, Best Diamond & Precious Metal Jewellery, and even has an award for the Best Retail Ambience. The jewellery platform aims to drive excellence across the various aspects of the industry segment and reward the passion and innovation, setting new benchmarks within the industry each year.

On winning the award Mr. Jignesh Mehta, Founder and Managing Director Divine Solitaires said “At Divine Solitaires, we constantly strive to meet our customers’ requirements and make their experience of solitaire shopping, hassle-free. We thank the GJC for selecting us for this award and recognising our efforts in the gems and jewellery industry. This award will further motivate us to work harder in creating world-class solitaire jewellery and offer unique services which will benefit the customers and the industry as a whole.”

About Divine Solitaires (www.divinesolitaires.com)

Founded in the year 2006, Divine Solitaires offers its consumers the world’s finest and brilliantly crafted quality solitaire diamonds that have been obtained through ethical sourcing and given quality certification. The brand offers a quality guarantee on all their diamonds on the basis of 123 parameters as against the international standard of 40 parameters. Globally only Divine Solitaires has a retail pricing mechanism that is standard and transparent. Realising the need for organised marketing of diamonds and diamond jewellery, Mr. Jignesh Mehta conceptualized and founded Divine Solitaires and the branding of solitaires along with the core values of consistently offering high quality diamonds with transparency and standardisation in pricing. Mr. Mehta is a 1st generation entrepreneur, having completed his Masters in marketing from Australia and a diamond grading course from Antwerp, Belgium. He and his brother, Mr. Shailen Mehta, Co-founder Divine Solitaires bring with them nearly 20 years of rich global experience of the diamond industry.

Edtech Startup PlanetSpark Raises INR 3.2 Cr Pre Series A from IAN, FIITJEE and Others


Gurgaon based edtech startup, PlanetSpark has raised a follow-on Pre-Series A round of INR 3.2 Cr from Indian Angel Network, Lead Angels and Hyderabad Angels. Existing seed investor and one of India’s largest education companies, FIITJEE Limited, also participated in this round, showing its faith in the company’s vision. Vikas Kuthiala and Nitin Zamre were the deal leads on behalf of IAN.

PlanetSpark provides neighborhood learning zones where children learn and develop all the 'new age' skills under one roof. It combines online learning with an offline experience for young children in grades K-8 through its in-house learning products. It operates in an asset-light model of partnering with unutilized assets in pre-schools, schools and strategic partners such as Oyo Townhouse to set up its neighbourhood blended-learning centres in a low cost and scalable manner.

“Pure online learning through videos is passive and suffers from very poor completion rates. The presence of a dedicated space, time and a mentor is essential for young kids to learn effectively. Hence, we blend online with an offline experience  at our neighbourhood learning spaces where kids can learn academic skills (English, Maths, Science) and 21st century skills (coding, robotics, public speaking etc) in the presence of a qualified teacher.”, said Kunal Malik, Co-Founder.

The company will use the funds in expanding its business into new geographies and increasing enrolments by 10x over the next 12-15 months. According to a report by KPMG, Primary and Secondary Supplemental Education will be the largest online education category at 773 Million by 2021 and growing at CAGR of 60%. While the grade 9 to 12 market has seen a red ocean with numerous big players established in the market in the past 20 years, there has been no trusted brand in the K-8 space to cater to the needs of young parents looking to develop their kids.

“Though our asset light model and an omnichannel approach, our acquisition costs go down considerably with time. As a Learning Zone grows, its brand builds in the area and it acts like a magnet to attract more students due to network effects, with a 42% referral rate. Due to our face to face interaction with children and learning analytics and live-feed system for parents, our engagement is very high, leading to 95% retention rates”, said Maneesh Dhooper, Co-founder.

The market for developing new age skills in young children is growing exponentially across the world, especially in China and the US to cater to the need to prepare children to be critical thinkers and problem solvers in an ever changing world. There is a growing trend towards using a Blended Learning model that combines online with offline. PlanetSpark is uniquely positioned to leverage its products and offline play to capture the market.

Delhi based CENSIE Capital Partners was the adviser to Planetspark for this transaction, “We are always passionate about the team that brings fresh prespective to the industry, said, Ankul Maheshwari, Founder – CENSIE.

About PlanetSpark:
Founded in 2016, Gurgaon-based PlanetSpark is the brainchild of Maneesh Dhooper and Kunal Malik. PlanetSpark provides neighborhood learning zones where children learn and develop all the 'new age' skills under one roof. It combines online learning with an offline experience for young children in grades K-8 through its in-house learning products. It operates in an asset-light model of partnering with unutilized assets in pre-schools, schools and strategic partners such as Oyo Townhouse to set up its neighbourhood blended-learning centres in a low cost and scalable manner.

Team of Indian Investment Experts Launch ‘PrimeInvestor.in’ Platform for Investors


Investment advisory veterans Srikanth Meenakshi, Vidya Bala, and Bhavana Acharya have announced the launch of a new-age subscription-based research platform – PrimeInvestor.in. With a focus on providing research-as-a-service (RaaS), PrimeInvestor.in is a platform for retail investors seeking quality, unbiased guidance for their personal finance decisions. Investors will be able to access in-depth research and recommendations on mutual funds (MFs), bonds, fixed deposit products and exchange-traded funds (ETFs). Soon, stock and insurance recommendations will be added to the offerings as well.

The team that has launched this platform has extensive experience in investment research and advice having helped thousands of investors across the country attain their financial goals. Srikanth was the co-founder of FundsIndia, a leading mutual fund platform in India, while Vidya headed the research function along with Bhavana.

To equip its customers in making informed investment decisions, the team at PrimeInvestor.in sifts through hundreds of personal finance products and filters them using exhaustive quantitative and qualitative metrics. The extensive research is distilled into a shortlist of investment-worthy products that can meet every imaginable financial aspiration.

New users can begin with a 15-day trial and get access to all articles and select recommendations.

Srikanth Meenakshi, co-founder, PrimeInvestor.in said, “There are several platforms that cater to the order execution needs of investors, including those that offer ‘Direct’ plans and such. However, investors are left to wonder as to where to invest and what are the best products out there. PrimeInvestor was conceived to cater to this felt need that could make or break an investor’s wealth”.

He added, “At PrimeInvestor, we are working together with a purpose to equip our customers with in-depth research to help them take informed investment decisions. Throughout our journey, without any external influences, we will stay committed to ensure financial wellness of our customers.”

Vidya Bala, co-founder, PrimeInvestor.in said, “Ours is a purely customer-focused no-commission, no ad model. Our only source of income would be subscription. This will enable us to stay free from biases and conflicts of interest and focus on what’s good for the investor.”

Bhavana Acharya, co-founder, PrimeInvestor.in said, “We cater to a wide range of investors – regardless of how experienced they are with investing. Every investor will benefit from our list of recommended funds – Prime Funds, our review tool that gives you firm opinions about your funds, and Prime Deposits, our curated list of deposit products. We also have ready-to-go portfolios for beginner investors, and ETFs and Theme Park selections for the knowledgeable”.

There is more – subscribers will be regularly engaged with high-quality insights and updates about funds, investment options, markets, and strategies. Prime Ratings is PrimeInvestor’s innovative in-house rating system for mutual funds.

All these solutions and services are available for an annual subscription fee – which has an introductory price of Rs 2,500 per year, a figure kept deliberately accessible relative to comparable offerings in the market to ensure that the benefits of the platform are within the reach of every investor in the country.

Trend Micro Boosts Channel Leadership with Expanded and Enhanced Partner Program for Asia Pacific, Middle East, and Africa


Trend Micro Incorporated, a global leader in cybersecurity solutions, today announced that it is launching a newly expanded and enhanced channel partner program in Asia Pacific, Middle East, and Africa (AMEA). Underpinning the program are several key initiatives designed to help channel partners generate more margins, capture new revenue streams, and drive tighter alignment with Trend Micro in the field by taking a customer-centric approach.

“Our channel-first business model has reaped immense success over the years, cementing Trend Micro’s channel leadership position in the industry. After 30 years in this business, we continue to stay true to our unfaltering commitment of making our partners successful and achieving growth together”, said Dhanya Thakkar, senior vice president, Trend Micro, AMEA. “With the AMEA channel program, we aim to reward performing partners with extended benefits, and the right tools to create and close more business opportunities.”

The major enhancements include:

Higher profitability and margins: Streamlined discount structures based on deal registration; sales and marketing incentives across all partner tiers and distributors; and new rebate schemes for gold and platinum partners
Customer-centric approach: Highly-subsidized and strategically-curated not-for-sale (NFR) packages of Trend Micro’s solutions for partners to better address real-world customer cybersecurity pain points
Cybersecurity talent development: Complimentary training series delivered through the TRENDs Campus – Trend Micro’s new channel sales and technical enablement initiative designed to educate partners in the latest cybersecurity knowledge and trends, Trend Micro’s industry-leading solutions, and the art of opportunity discovery
Tighter collaboration: A set of enhanced business tools, including a refreshed partner portal, a new mobile app, and a business analytics dashboard, to drive joint field activities

Channel partners in AMEA can get in touch with their local Trend Micro channel account managers to receive more information on how to maximize the new program and drive more business together.

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