#Boat Pre IPO

[johnthejacobs]

Boat Share Price Rallies High

Introduction:

The surge in Boat Share Price has garnered significant attention from investors and market analysts alike. This article explores the factors driving this upward momentum of Boat Share Price and analyzes the implications for both investors and the company. Imagine Marketing Limited, commonly known as "Boat," specializes in the manufacturing and distribution of consumer electronics products. The company's diverse product portfolio includes wired headphones, wireless headphones, earphones (neckbands), true wireless stereos (TWS), Bluetooth speakers, home theatre systems, sound bars, wearable smartwatches, gaming accessories like wired and wireless headsets, mice, and keyboards, personal care appliances such as trimmers and grooming kits, and mobile accessories like chargers, cables, power banks, and other related items.

Boat markets its products under various brand names, including Boat, RedGear, TAGG, Misfit, and DEFY. Founded by Sameer Mehta and Aman Gupta, Boat operates with a clear vision to offer affordable, durable, and fashionable audio products and accessories tailored for the millennial demographic.

Over the years, Boat has attracted substantial investments, totaling approximately ₹1,000 Crore across various funding rounds, resulting in a pre-money valuation of approximately ₹11,000 Cr. A notable investment milestone occurred on October 28, 2022, when Boat secured ₹500 Cr. in Series C funding from Warburg Pincus and Malabar Investments. Following this investment, Boat's post-money valuation soared to approximately ₹11,500 Cr. The infusion of funds is earmarked for accelerating the company's expansion plans, particularly in bolstering its smartwatch category, expanding business operations across diverse channels and geographical regions, strengthening its audio product offerings, enhancing research and design capabilities, and ramping up local manufacturing initiatives.

Imagine Marketing, operating under the brand name Boat, transitioned into a Public Limited company on November 1, 2013. The company's headquarters are situated in Andheri Ghatkopar Link Road, Mumbai, Maharashtra, India, with a commitment to driving innovation, quality, and accessibility in the consumer electronics market.

Exceptional Financial Performance:

Boat's share price rally is fueled by its exceptional financial performance. The company has consistently demonstrated robust revenue growth and profitability, underscoring its sound business strategy and operational efficiency. Investors are increasingly drawn to Boat's ability to deliver strong returns, contributing to the bullish sentiment surrounding its stock.

Innovative Product Portfolio:

A key driver behind Boat's soaring share price is its innovative product portfolio. The company is renowned for its cutting-edge audio and lifestyle products, ranging from headphones and earphones to speakers and wearable devices. Boat's focus on innovation and quality has resonated well with consumers, driving demand for its products and, subsequently, its shares.

Strategic Partnerships and Collaborations:

Boat has forged strategic partnerships and collaborations with industry leaders, further fueling its share price rally. By teaming up with renowned brands and influencers, the company has enhanced its brand visibility and market reach. These partnerships have also enabled Boat to access new distribution channels and customer segments, driving sales and revenue growth.

Expanding Market Presence:

Boat's expanding market presence is another factor contributing to its share price rally. The company has successfully penetrated both domestic and international markets, capitalizing on growing demand for its products. Its extensive distribution network and strong brand recognition have positioned Boat as a market leader in the audio and lifestyle segment, attracting investor interest and driving up its share price.

Innovative Marketing Strategies:

Boat's innovative marketing strategies have played a crucial role in driving its share price higher. The company leverages digital platforms and social media channels to engage with consumers and create brand awareness. Its creative marketing campaigns and product launches generate buzz and excitement, driving sales and boosting investor confidence in the company's growth prospects.

Analyst Projections and Outlook:

Market analysts have expressed optimism about Boat's future performance, projecting continued growth and profitability. Factors such as the company's strong financials, innovative product portfolio, strategic partnerships, expanding market presence, and innovative marketing strategies have contributed to bullish sentiments among analysts. Many have revised their price targets upwards, reflecting confidence in Boat's ability to sustain its share price rally.

Conclusion:

The rally in Boat's share price underscores the company's exceptional financial performance, innovative product portfolio, strategic partnerships, expanding market presence, and innovative marketing strategies. As investors continue to recognize Boat's growth potential and value proposition, the stock is expected to remain in high demand. However, investors should conduct thorough research and seek professional advice before making investment decisions.

[freddiemark]

Best Guide For Investors Before Investing in Boat Share Price?

Introduction to Imagine Marketing Share 

Boat enthusiasts and often dream, but the cost and commitment can be significant barriers. This is where boat sharing comes into play. Boat sharing has gained popularity as an alternative to traditional boat ownership, offering a more affordable and flexible way to enjoy the open waters. In this article, we will delve into the world of boat share price, explaining how they work, their benefits, and factors to consider when entering this exciting and cost-effective maritime experience.

Understanding Boat Share

Boat share is a cooperative approach to boat ownership. It allows multiple individuals or groups to share the costs and responsibilities associated with maintaining and operating a boat. Participants, known as co-owners, each contribute a portion of the initial purchase price, ongoing maintenance, and operating expenses. In return, they receive access to the boat on a predetermined schedule, typically managed through a boat-sharing platform or organization.

Boat Share Price Structure

The cost of participating in a boat share program varies depending on several factors. Here are some key elements that contribute to the boat share price:

1. Boat Type: The type and size of the boat play a significant role in determining the price. Smaller vessels such as powerboats or sailboats are generally more affordable, while luxury yachts or larger boats will command higher shares.

2. Location: The location of the boat-share program can greatly influence the price. Boats in popular and high-demand areas, such as coastal cities and tourist destinations, tend to be more expensive.

3. Membership Fees: Many boat-share programs require an initial membership fee, which can range from a few hundred to several thousand dollars. This fee is non-refundable and covers administrative costs.

4. Operating Costs: Co-owners typically share ongoing costs such as insurance, maintenance, mooring fees, and fuel expenses. The frequency and method of cost-sharing can vary, with some programs offering fixed monthly fees, while others use a pay-as-you-go model.

5. Booking System: Boat-share platforms often provide online reservation systems, which may charge booking fees or require advance deposits to secure a boat.

Benefits of investing in Boat Unlisted Share Price

1. Cost-Effective: Boat share allows individuals to enjoy the experience of boating without the financial burden of owning and maintaining a boat.

2. Variety of Boats: Boat-share programs offer access to a wide range of vessels, enabling participants to try different boats without the long-term commitment.

3. Minimal Hassle: Co-owners don't have to worry about boat upkeep, storage, or related administrative tasks, as these are managed by the boat-share organization.

4. Sustainable: Sharing resources reduces the environmental impact of boat ownership, as fewer boats need to be manufactured and maintained.

Factors to Consider

Before diving into the world of boat share price, there are some key factors to consider:

1. Participation Rules: Understand the rules and schedules established by the boat-sharing program. This includes booking procedures, usage limitations, and cancellation policies.

2. Costs: Calculate the total cost of boat share, factoring in membership fees, monthly contributions, and any additional expenses.

3. Location: Ensure the boat-share program is conveniently located and offers boats suited to your desired type of boating experience.

4. Maintenance and Quality: Research the boat-share provider's maintenance standards and the overall condition of their boats.

Conclusion

Boat share provides a fantastic opportunity for those who want to enjoy the freedom of being out on the water without the financial and logistical commitments of boat ownership. Boat share prices are influenced by various factors, including the type of boat, location, and operational costs. By understanding the structure and benefits of boat sharing, as well as considering essential factors, you can make an informed decision about participating in this cost-effective and enjoyable maritime experience. So, if you've ever dreamed of setting sail on the open water, boat sharing might be the perfect solution for you.

[unizonunlistedshares]

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[insperonjournal]

Bira 91 to enter public with its ESOP Pool, says Reports.

Bira 91, a craft beer company, has converted to a public company. Also, it has increased its pool of ESOPs (employee stock options).

Becoming a public company is a big step toward its goal of being listed on the Indian stock exchanges. After this, the company will send its draft red herring prospectus (DRHP) to the Securities Exchange Board of India, which is in charge of the market (SEBI).

In the prospectus, the new business will say how much money it wants to raise and how good its finances are.

The company’s board has also given the go-ahead for the employee stock options (ESOP) pool expansion.

As part of this, a special resolution was passed to add 1,566,390 options to Bira 91’s ESOP pool. There are now 3,649,199 ESOP options in the company.

Bira 91 was started by Ankur Jain in 2015 and sells craft beers in 550 towns and cities in 18 countries.

The change to a public company comes just a few weeks after it got $70 million from the Japanese drinks company Kirin Holdings.

In August 2021, the company raised about $20 million in a round called “Pre-Series D.” Investors have given the company a total of $280 million so far. It has big names like Sequoia and Sixth Sense Partners behind it.

Bira’s plan to go public comes at a time when most new tech start-ups have been avoiding their plans to list.

Last week, e-commerce giant Snapdeal dropped its plan to go public with an IPO for INR 1,250 Cr. This year, IPO plans were also put on hold by online pharmacy giant PharmEasy, auto marketplace Droom, fintech start-up MobiKwik, and direct-to-consumer electronics brand boAt.

Most reasons for putting off IPOs are shaky markets, fears of a recession, and worries about how profitable new tech companies will be.

Even with these problems, Bira still wants to go ahead with its plans to go public. In November, direct-to-consumer skincare company Mamaearth became a public company.

When it comes to competition, Bira goes head-to-head with giants like United Breweries, ABInBev, and Carlsberg.

In 2021, the Indian beer market was estimated to be worth INR 350 Bn. By 2027, it is expected to be worth INR 580 Bn.

[trade-unlisted]

boAt (Imagine Marketing Services Ltd) Unlisted Shares

Overview: 

Imagine Marketing Ltd is a Non-govt company, incorporated on 1st November 2013. The company offers an attractive wide-range of high-quality and aspirational lifestyle-focused consumer products at accessible price points. The company has identified wearables as a category with a large market potential and similar growth dynamics to the audio category. 

It offers wired headphones and earphones, wireless headphones, and earphones (neckbands), true wireless stereos (TWS), bluetooth speakers, home theater systems, and sound bars, wearables smartwatches, gaming accessories, such as wired and wireless headsets, mouses, and keyboards, personal care appliances, including trimmers and grooming kits, and mobile accessories, such as chargers, cables, power banks, and other accessories.

According to the RedSeer report, “Imagine Marketing Pvt Ltd is a digital-first consumer products company and one of the largest Indian digital-first brands in terms of revenue from operations for the financial year 2021. 

The company sells its products under the boAt, RedGear, TAGG, Misfit, and DEFY brand names. Imagine Marketing Limited manufactures and sells consumer electronics products in India and internationally.

Key Highlights of boAt: 

boAt is a market leader in the segment, with strong brand recall in the minds of the consumer. 

The company is expanding into adjacent product categories through brand extensions, new brands and via acquisitions. 

boAT ranked #1 in India among the wireless hearables brands by value and volume with a market share of 48% (in terms of volume) and #2 among smartwatch brands in India with a market share of 23% (by volume).

As on 30th September 2021, the company generated 83% of its total sales from online platforms including Amazon and Flipkart, while remaining sales come from offline distributors, modern retailers, and its own website.

Unlisted shares of boAt (Imagine Marketing Limited) are available at TradeUnlisted. TradeUnlisted is India’s leading platform for buying & selling of Unlisted and Pre-IPO Shares. You can now seamlessly buy and sell boAt  unlisted shares online using a complete tech-backed platform created by TradeUnlisted. 

Create an account on TradeUnlisted and get detailed information about boAt Unlisted Shares. Keep a track on the current share price, access historical data and financial reports of boAt (Imagine Marketing Limited). You can also download the Research Report FY22 of OYO from the TradeUnlisted website.

How to buy boAt unlisted shares?

TradeUnlisted makes the process of buying and selling unlisted shares seamless and easy.  

Select the ‘Invest now’ button on the boAt page. The boAt unlisted stocks will be added to your cart. 

In the cart section, you will be required to enter the quantity of boAt unlisted shares you want to purchase. 

Please note that the minimum cart value should be at least INR 5000. 

Next step is to select the payment method you wish to use. We accept payments via debit card, net banking and UPI. 

Post payment, our relationship manager will confirm the payment made by you and will ask you to share your Client Master List (CML) details. 

The shares will be credited in the demat account mentioned in the CML copy within the timeline mentioned in the Deal Contract Letter. 

In case you have any other questions, please feel free to call us on (+91) 8958212121 or write to us at contactus@tradeunlisted.com. 

Disclaimer: TradeUnlisted is a transactional platform. We are not a stock exchange or an advisory platform. Investments in unlisted products carry a risk and may not provide the anticipated returns and there is a possibility of losing the entire capital as well. There is no assurance of exit and listing date and no clarity whether the IPO will come or not. Unlisted shares go in a lock-in for 6 months close to the date of listing. No one should rely solely on the information published or presented herein and should perform personal due diligence or consult with an independent third-party advisor prior to making any investment decisions.The information is obtained from secondary sources, we do not assure the accuracy of the same. The estimates and information is based on past performance, which cannot be regarded as an accurate indicator of future performance and results.This is for informational purposes only and does not constitute, and shall not be interpreted as an offer for sale, advice to buy or sell any unlisted shares. Investors should seek their own independent investment, legal or other advice as required prior to investing.

[harpreetkohli345]

Boat plans IPO to get latest updates about this upcoming IPO stay connect with the Planify's website. Boat IPO is expected to give a lot of profits this time.

[freddiemark]

boAt Withdraws Its IPO: How Does It Impact Unlisted Shares Price?

In the ever-evolving world of startups and investments, the news of boAt withdrawing its initial public offering (IPO) sent ripples through the market. As one of India's most popular consumer electronics brands, boAt's decision to withdraw its IPO came as a surprise to many. But what does this development mean for the price of its unlisted shares? In this blog, we'll delve into the reasons behind boAt IPO withdrawal and explore how it might affect the value of its unlisted shares.

Understanding boAt Journey

boAt, founded by Aman Gupta and Sameer Mehta in 2016, has quickly risen to prominence in the consumer electronics industry. The brand is known for its stylish and affordable audio products, such as earphones, headphones, and speakers. Over the years, boAt has gained a massive following in India, becoming a symbol of quality and style in the audio accessories market.

The company's success has not gone unnoticed by investors, and it has been the subject of much speculation regarding its potential IPO. Going public is a significant milestone for any company, often seen as a means to raise capital for expansion, pay off debts, or provide an exit for early investors. In the case of boAt, an IPO was expected to be a game-changer.

Why Did boAt Withdraw Its IPO?

The decision to withdraw an IPO is not one that any company takes lightly. It often indicates that the company faced challenges or uncertainties that made it reconsider going public. In boAt's case, several factors may have contributed to this decision:

1. Market Conditions: One of the primary reasons behind boAt IPO withdrawal could be the state of the stock market at the time of its intended listing. If market conditions are unfavorable, with high volatility or a bearish trend, companies may choose to postpone or cancel their IPOs to avoid potential losses for themselves and their investors.

2. Valuation Concerns: boAt may have faced valuation challenges, with potential investors expressing doubts about the company's estimated worth. In such cases, withdrawing the IPO can provide the company with more time to strengthen its financials and improve its valuation.

3. Regulatory Compliance: IPOs involve stringent regulatory requirements and disclosures. Non-compliance with these regulations can lead to delays or withdrawal of the offering. boAt might have faced difficulties in meeting these regulatory requirements.

4. Internal Factors: Internal factors within the company, such as operational issues or management changes, can also lead to the postponement or cancellation of an IPO. Companies often prefer to resolve these issues before going public.

Boat Share Price 

The face value of each Boat share is ₹ 1. Boat stock price is ₹ 977/share. Boat IPO price band is not disclosed yet.

Impact on Boat Unlisted Shares Price

Now, let's turn our attention to the impact of boAt IPO withdrawal on the price of its unlisted shares. Unlisted shares are those that are not traded on stock exchanges and are typically held by early investors, employees, and founders. The value of unlisted shares is influenced by various factors, and an IPO withdrawal can have both short-term and long-term effects:

1. Short-Term Volatility: In the immediate aftermath of the IPO withdrawal announcement, there may be increased volatility in the trading of boAt unlisted shares. Investors who were anticipating gains from the IPO may rush to sell their shares, causing fluctuations in the share price.

2. Sentiment and Confidence: Investor sentiment and confidence play a significant role in the pricing of unlisted shares. The withdrawal of an IPO can erode confidence in the company's prospects, leading to a decline in share prices.

3. Revaluation: With the IPO postponed, boAt may take the opportunity to reevaluate its business strategy, financials, and growth prospects. If the company makes positive changes, it could lead to an increase in the value of unlisted shares over time.

4. Investor Reaction: The reaction of boAt existing investors, including venture capitalists and private equity firms, will also influence the price of unlisted shares. If these investors continue to support the company and inject additional capital, it could stabilize the share price.

5. Return on Investment: For early investors and employees holding unlisted shares, the decision to sell or hold their positions will depend on their individual investment goals and the perceived impact of the IPO withdrawal on the company's long-term potential.

Conclusion

boAt decision to withdraw its IPO has undoubtedly raised questions and generated uncertainty among investors. The impact on the price of its unlisted shares will depend on a multitude of factors, including market conditions, investor sentiment, and the company's ability to address the issues that led to the withdrawal. Investors in unlisted shares should carefully assess their investment strategies and consider seeking advice from financial experts to make informed decisions. As boAt continues its journey in the consumer electronics market, it will be interesting to see how the company's valuation and the price of Boat unlisted shares evolve in the coming months and years.

[trade-unlisted]

A Beginner’s Guide To Unlisted Shares

What are Unlisted Shares?

In simple terms, unlisted shares are shares of a company that hasn’t gone public yet. By purchasing the unlisted shares of a private company, you can invest in it even before its initial public offering (IPO). The Unlisted Saga – Unlisted companies have ambitious plans for rapid growth that aspire to take their business to the next level turning them into multi bagger growth opportunities for investors. 

Previously, access to Similarly, access to startups, earlystage, pre-IPO companies were previously limited to venture capitalists & angel investors.

There are multiple ways to acquire unlisted shares. There are multiple platforms offering such unlisted and Pre IPO shares. TradeUnlisted is one such platform. TradeUnlisted is the leading platform for buying and selling of Unlisted Stocks. To know more, visit www.tradeunlisted.com

Features of Unlisted Shares: 

Dematerialized: Similar to listed stocks, unlisted stocks are also transferred to your Demat account. You may monitor the status of the unlisted shares that you have purchased through your depository participant account, in which they are available at face value.  

Growth Potential: You can now be a part of a private company’s growth since the start. Investors can buy shares in businesses that are either technologically or operationally new on unlisted markets. 

Liquidity: There is no restriction on buying or selling of unlisted shares until the IPO cut-off date, which is usually a week before the listing. However, after listing the SEBI norms shall be applicable to these shares. All unlisted shares go for a lock-in of 6 months from the date of listing, post which they can be traded like any other listed shares. 

Check the current Share Prices of Unlisted Companies in India: 

OYO (Oravel Stays Ltd)

Check OYO Unlisted Share Price

National Stock Exchange (NSE)

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PharmEasy (API Holdings Ltd)

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Chennai Super Kings (CSK)

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Bira91 (B9 Beverages Pvt Ltd)

Check Bira91 Unlisted Share Price

Fino PayTech Ltd

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BoAt (Imagine Marketing Services Pvt Ltd)

Check Boat Unlisted Share Price

HDFC Securities Ltd

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Kurlon Enterprise Ltd

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Aricent Technologies (Holdings) Ltd

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Capgemini Technology Services India Ltd

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NCL Buildtek Ltd

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Merino Industries Ltd

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Hexaware Technologies

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Capital Small Finance Bank Ltd

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Indofil Industries Ltd

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Signify Innovations India Ltd

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Nayara Energy

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Hira Ferro Alloys Ltd

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Sterlite Power Transmission Ltd

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Carrier Air-Conditioning & Refrigeration Ltd

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Axles India Ltd

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Care Health Insurance Ltd

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Cochin International Airport Ltd (CIAL)

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Elofic

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Epiroc Mining India Ltd

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Frick India Ltd

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HDB Financial Services Ltd(HDBFS)

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Hero FinCorp Ltd (HFCL)

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ICL Fincorp Ltd (ICL)

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India Carbon Ltd (ICL)

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Kannur International Airport

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Lava International Ltd

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Maharashtra Knowledge Corporation Ltd (MKCL)

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Metropolitan Stock Exchange Of India Ltd (MSEI)

Check MSE Unlisted Share Price

Mohan Meakin Ltd (MML)

Check Mohan Maekin Unlisted Share Price

Motilal Oswal Home Finance Ltd (MOHFL)

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Reliance Retail Ltd

Check Reliance Retail Unlisted Share Price

Studds Accessories Ltd

Check Studds Unlisted Share Price

Tata Technologies

Check Tata Technologies Unlisted Share Price

Utkarsh CoreInvest Ltd

Check Utkarsh Core Unlisted Share Price

How to buy unlisted shares?

Trade Unlisted is a leading platform for buying and selling of unlisted stocks. TradeUnlisted makes the process of buying and selling unlisted shares seamless and easy.  

Select the company whose share you are willing to buy.

Select the ‘Invest now’ button on the company page. The unlisted stocks will be added to your cart. 

In the cart section, you will be required to enter the quantity of unlisted shares you want to purchase. 

Please note that the minimum cart value should be at least INR 5000. 

Next step is to select the payment method you wish to use. Company accepts payments via debit card, net banking and UPI. 

Post payment, the Relationship Manager will confirm the payment made by you and will ask you to share your Client Master List (CML) details. 

The shares will be credited in the demat account mentioned in the CML copy within the timeline mentioned in the Deal Contract Letter. 

In case you have any other questions, please feel free to call TradeUnlisted on (+91) 8958212121 or write a letter at contactus@tradeunlisted.com. 

Disclaimer: TradeUnlisted is a transactional platform. We are not a stock exchange or an advisory platform. Investments in unlisted products carry a risk and may not provide the anticipated returns and there is a possibility of losing the entire capital as well. There is no assurance of exit and listing date and no clarity whether the ipo will come or not. Unlisted shares go in a lock-in for 6 months from the date of allotment in the ipo. No one should rely solely on the information published or presented herein and should perform personal due diligence or consult with an independent third-party advisor prior to making any investment decisions. The information is obtained from secondary sources, we do not assure the accuracy of the same. The estimates and information is based on past performance, which cannot be regarded as an accurate indicator of future performance and results.

[graham-bits]

Further Sight

(Hedonist, Hermit, Hero/Heroine. The shadow attributes seemed potent.)

From a boat you could mistake it for a lighthouse. White stone ringed with glass perched on the island’s only hill, trees worshipping at its base. No beam swept the sea at night however, the chamber lit only internally, by monitors.

He supposed he was becoming stranger, but he hadn’t been normal in the first place, so quick at every skill in childhood, unconcerned with “can’t”, “shouldn’t” or “too hard”. He hadn’t even found the drugs in those days. Pre-acceleration. Pre-IPO. Pre-enlightenment.

The Domain was represented in multiple dimensions, mostly graphs with accompanying data tables, colour-coded for the convenience of others. Source code spooled through the keyboard, thousands of lines between compiler invocations. He was mostly done when the first shifts showed up in the spreadsheets. Another anticipation. He finished the work, let the unit tests verify the changes and wondered how quickly the players would adjust. They were smart, the wisdom of a crowd of hundreds of millions mostly able to keep up or at least not fall too far behind.

He stripped and let hot water envelop him. Lean, lithe, flexible, unblemished. This was where the real magic happened. Accretion required relaxation and sobriety. Annealing came later, on the treadmill, bathed in sweat, brain blazing from the high. Eyes closed, the thoughts unfolded. This pearl was going to be really, really big. He smiled a worshipful smile.

[tradeniveshinvestmentadvisor]

Stocks In The News | Trade Nivesh

Trade Nivesh

Maruti Suzuki, Tata Motors, Cipla, Indoco Remedies, Welspun Corp, Embassy Office

IOL Chemicals | Inox Leisure | Titan Company | GAIL | BHEL | Cyient and SRF are stocks which are in the news today.

Here are stocks that are in the news today:

Listing: Embassy Office Parks REIT (IPO)

Auto sales: Maruti Suzuki, Ashok Leyland, Escorts, Eicher Motors, etc in focus.

Dr Reddy's Labs: German drug regulator cleared Duvvada formulations unit.

Welspun Corp: Company announced value unlocking of approximately Rs 940 crore through the divestment of its plate and coil mill division (PCMD) and its 43 MW power division.

Cipla: USFDA issued 8 GMP observations and 10 observations pertaining to the PAI for a novel technology product slated for approval beyond 2024 while inspecting Kurkumbh plant.

Shriram Transport board meeting on April 30, to consider raising of funds

Vikas WSP: Company received sanction for 80 percent principle outstanding amount of Rs 97.75 crore of both these banks being Rs 78.20 crore to be paid by ACRE and 20 percent amount Rs 19.55 crore to be paid by the promoters aggregating to Rs 97.75 crore in all. Punjab National Bank account has already been operating as standard w.e.f. April 2017.

Kolte-Patil Developers: Board declared interim dividend of Rs 1.40 per share for the financial year 2018-19.

Havells India started commercial production of air conditioners at its Ghiloth plant

Edelweiss Financial Services: Company appoints Dr Ashima Goyal and Anita George as independent directors.

CreditAccess Grameen: Company completed a securitization of Rs 93.83 crore. With this transaction, it completed seven securitization and four Direct Assignment transactions totaling to Rs 1,667.05 crore in FY19.

Titan Company: Company increased its shareholding in subsidiary Carat Lane Trading Private Limited from 66.39 percent to 69.47 percent.

Jubilant Foodworks' director Ramni Nirula resigns

Wipro - NCLT approved the scheme of amalgamation for the merger of wholly owned subsidiaries

Inox Leisure: Company commenced commercial operations of a multiplex cinema theatre taken on Leave and License basis, in Chennai. The said multiplex cinema theatre has 8 screens and 1,820 seats.

J&K Bank transferred 4.11 crore shares of PNB MetLife India Insurance Company to Oman India Joint Investment Fund II for a total consideration of Rs 185 crore

Cyient: Cyient Insights LLC, USA, a step down subsidiary of the company through Cyient Insights Private Limited, has been dissolved.

IOL Chemicals: Board allotted 6,82,000 equity shares of Rs 10 each at a premium of Rs 195 per share to promoter Towels Enterprises Limited.

Apollo Pipes: Virendra Singh Verma resigned from the post of CEO of the company.

Vijay Kelkar resigned from the directorship of the Lupin effective March 28, 2019.

Gujarat Gas: India Ratings and Research revised company's outlook to positive from stable while affirming its long-term issuer rating at AA.

Moody's assigns (P)Baa3 rating to IndusInd Bank's Medium Tcrm Notes (MTN) Program

Tata Motors: Company sold its shareholding in TAL Manufacturing Solutions to TASL at an enterprise value of Rs 625 crore for the aerospace business and acquired non aerospace business from TAL at a value of Rs 10 lakh.

Karnex Microsystems: Board approved further investment in Avant-Garde Infosystems Inc., USA a 100% wholly owned subsidiary.

Zenith Fibres: Board approved buyback of upto 5.5 lakh equity shares at a price of Rs 55 per share, aggregating to Rs 3.025 crore.

Lakshmi Vilas Bank revised MCLR w.e.f. April 1

Garden Reach Shipbuilders & Engineers: Company delivered its 100th Warship, a Landing Craft Utility (LCU), L-56, to the Indian Navy.

GAIL, BHEL: Companies signed MoU for development of solar based power project.

Mishra Dhatu Nigam: Company handed over bullet proof vehicles to Central Armed Police Force at Midhani.

Muthoot Capital Services: Company completed a securitisation transaction of Rs 38.86 crore. With this transaction, the company has so far raised total funds of Rs 783.30 crore through securitization / direct assignment transactions during the FY19.

CONCOR inaugurates its first distribution logistics center at Ennore, Chennai

Mahindra & Mahindra: MSPE URJA SRL with registered seat in Rovereto, Trentino, Italy, is incorporated in Rome, Italy as a wholly owned subsidiary of Mahindra Susten Private Limited, which is a wholly owned subsidiary of Mahindra Holdings Limited, which is a wholly owned subsidiary of the company.

SRF: Gujarat Pollution Control Board had issued directions under Water (Prevention and Control of Pollution) Act to the company to close the operations of its industrial plant at Dahej, Gujarat.

Blue Coast Hotels: Company announced acquisition of 8.5 crore equity shares from IFCI Limited in subsidiary Silver Resort Hotel India.

Rushil Decor has received a closure intimation from Gujarat Pollution Control Board (GPCB) to stop the Manufacturing process of one of the Laminate Sheet manufacturing units

Reliance Capital: ICRA revised its rating to A2 (on rating watch with negative implications) for the short-term debt programme of the company.

Astec Lifesciences: ICRA upgraded / re-affirmed credit ratings for Rs 455 crore line of credit (LOC) and Rs 100 crore commercial paper programme of the company.

Darjeeling Ropeway Company: Company bagged sub-contract for construction of 24 shades for district police offices/units at Ahmedabad and Surat City worth of Rs 2.52 crore, and sub-contract for repair and maintenance of 73 boats used by State Disaster Recovery Force, Emergency Response Centre, Municipal Corporation and Gujarat District collectively. The total contract amount is Rs 71.9 lakh.

Mishra Dhatu Nigam - Handing over of Bullet Proof Vehicles to Central Armed Police Force at MIDHANI

Crompton Greaves Consumer Electricals: CRISIL revised the credit rating of non-convertible debentures of company.

JK Tyre: Board alloted 1,94,17,400 equity shares to the constituents of the promoter group of the company on preferential basis.

Phillips Carbon Black: ICRA re-affirmed the long-term rating for the captioned Line of Credit (LOC) at AA-. The outlook on the long-term rating is revised from stable to positive.

Galaxy Surfactants: Board declared interim dividend of Rs 5 per share for the financial year 2018-19.

Suryalata Spinning Mills: Company successfully installed and completed trailes on 22,000 spindles at Kalwakurthy Unit. Consequent to this capacity expansion, the total capacity of spindles of the company has been increased from 93,000 to 1,15,000.

Virinchi: Company announced operational readiness of additional 50 beds of Banjara Hills facility in Hyderabad taking the operational capacity to 400 beds.

Gayatri Highways' subsidiary terminated its concession agreement with National Highways Authority of India (NHAI) on the basis of Force Majeure (Political event)

Indian Bank: Department of Financial Services, Ministry of Finance has issued notification for amalgamation of Pallavan Grama Bank (sponsored by Indian Bank) and Pandyan Grama Bank (sponsored by Indian Overseas Bank) in Tamil Nadu into a single regional rural bank which shall be called as Tamil Nadu Grama Bank with its head office at Salem under the sponsorship of Indian Bank.

SRF in process to close the operations of its industrial plant at Dahej

IOL Chemicals: Company made the pre-payment of term loan of Rs 20.05 crore due to banks in addition to regular payment schedule.

HEG: Company announced completion of extinguishment/destruction of a total of 13,63,636 equity shares of company after buyback.

Havells India: Company started commercial production of air conditioners at its Ghiloth plant.

Williamson Magor & Company: Company announced acquisition of 20,11,500 equity shares of Rs 10 each of Williamson Financial Services.

Rushil Decor: Gujarat Pollution Control Board (GPCB) issued notice to stop manufacturing process of one of the laminate sheet manufacturing units.

JM Financial: Company entered into a sale and purchase agreement for acquiring equity shares of JM Financial Asset Reconstruction Company Limited , a subsidiary of the company. With the acquisition, the company's shareholding in JMFARC has increased to 59.25 percent from 57.07 percent.

GMR Infra - Cancellation of 4 series Optionally Convertible Debenture (OCDs) by company on March 28

Inox Leisure: Company commenced the commercial operations of a Multiplex Cinema Theatre operated on lease basis in Bhubaneswar. The said multiplex cinema theatre has 3 screens and 609 seats.

Ugar Sugar Works: Company is already holding 48.20 percent stake in Ugar Theatre Pvt Ltd and now again has purchased up to 99 percent stake in Ugar Theatre Pvt Ltd.

Amber Enterprises: Company extended the timeline to complete the acquisition of balance stake of 51 percent in Ever Electronics by June 30, 2019 in one or more tranches.

JSW Energy: Board after careful evaluation decided not to pursue electric vehicle business and maintain capital cushion for growth opportunities in power and other related businesses.

Jubilant Life Sciences: Company and IFC Mutually agree for settlement of zero coupon convertible loan.

Indoco Remedies: USFDA cleared the sterile manufacturing facility of finished dosages, located at Goa (Plant II).

CyberTech Systems and Software: Overseas direct investment of $0.2 million is made in subsidiary Spatialitics LLC, Delaware, USA.

Grasim Industries: Company acquired Soktas India for Rs 135 crore.

MCX India: Board approved the appointment of PS Reddy as MD & CEO of the company.

Vadilal Industries: Company said the agenda to re-appoint Rajesh Gandhi and Devanshu Gandhi as Managing Directors of the company was not passed unanimously. It was further resolved to appoint a professional Managing Director/Chief Executive Officer/Manager for the company. Rajesh Gandhi and Devanshu Gandhi will continue to work for the company as a director of the company without any remuneration.

Lyka Labs: Company entered into One Time Settlement agreement with the Bank of Maharashtra and arranged to make an upfront payment of Rs 11 crore as settlement amount and Rs 6.49 lakh as processing fees to the bank.

Sadbhav Infrastructure Project: Company acquired further 6 percent (3,000) equity shares of subsidiary Maharashtra Border Check Post Network Limited (MBCPNL), held by SREI.

Container Corporation of India: First distribution logistics centre at Ennore, Chennai was inaugurated on March 30.

Dynamic Industries: Company has disinvested/sold its entire investment in equity shares of its wholly owned subsidiary in Neo Farbe Private Limited.

Scanpoint Geomatics: Company in consortium with Team Computers Private Limited (lead bidder) received a contract for setting up of enterprise Geoportal for National Atlas and Thematic Mapping Organisation (NATMO), Kolkata. The aggregate value of project for SGL is Rs 2.08 crore.

The company received a contract of enterprise and City GIS Solution for Agra Smart City through Master System Integrator (MSI) - Bharat Electronics and Lookman Electroplast Industries Limited, and for Lucknow Smart City through MSI Fluent Grid Limited and Bharat Electronics. The aggregate value of the said projects for SGL is Rs 9.33 crore.

Navkar Corporation: Board approved appointment of Captain Dinesh Gautama as whole time director of the company with immediate effect. Dinesh Gautama is also serving as Chief Executive Officer.

Sayaji Industries: Board has authorised Priyam B Mehta, Varun P Mehta and Vishal P Mehta individually and jointly to enter into a Joint Venture Agreement with Societe Developpement Produits Afrique - SDPA, France, the holding company of Alland and Robert for manufacturing of gum arabic/ gum acacia, gum ghatti and gum blends. The joint venture will be a 50:50.

Rico Auto Industries: Company alongwith its step down subsidiary, Rasa Autocom Limited has completed the acquisition of 2,11,20,000 equity shares of Magna Rico Powertrain Private Limited from Magna Powertrain GMBH at the rate of Rs 4.05 per share for a total consideration of Rs 8.56 crore.

Jindal Drilling: Company has acquired an offshore jack up drilling rig from Discovery Drilling Pte Ltd, Singapore, a joint venture of the company. The rig would be soon deployed under contract with Oil and Natural Gas Corporation (ONGC) already awarded to the company.

[gosunsolarenergy]

What are Potential Climate Change Investments Opportunities?

Many experts consider climate change to be the primary threat to Earth in the 21st century. As carbon emissions continuing to rise, they worry that the war is being lost to prevent the global average temperature increasing less than 2°C above pre-industrial levels. Rising two degrees will trigger all sorts of cataclysmic environmental events. However, many believe that preventing this would require investments of trillions of dollars and completely overhauling the manufacturing and transportation systems of Planet Earth to move to low-carbon technologies. But there is hope in this doomsday scenario. What if the need for clean energy is also one of the best investment opportunities available now? It turns out it is. Nearly three-fourths of all investors are interested in sustainable investments. According to the Principles for Responsible Investment, the global mobilization to fight climate change among corporations, investors, and governments is going to create incredible investment opportunities in clean energy as part of the effort to transition to a low-carbon world. Investors are getting in the game. Morningstar, an investment research firm, reported that 72% of the U.S. population is interested in investing in environmental, social, and governance funds. This is true among different age cohorts. In fact, Millennials and Generation X were statistically identical in their level of interest. “A lot of people care about sustainability,” said Ryan Murphy, head of decision sciences at Morningstar Investment Management and a co-author of the research. “This is not just a fringe preference. “The idea that this is of interest to a subgroup doesn’t really hold.” The interest in sustainable investment is backed up by hard numbers. In 2018, renewable energy investment hit nearly $300 billion, far outstripping investment in fossil fuels. Almost $140 billion was invested in solar in 2018, along with $134 billion in wind energy, according to a UN Global Status Report. "Investments in renewable energy in 2018 were three times higher than the amount invested in new coal and gas-fired generators,” said Inger Andersen, Executive Director of the UN Environment Programme.

Looking at the Bigger Picture Investing isn't all about financial returns regardless of the ethics (or lack thereof) of the company being funded. More investors are seeking out businesses, nonprofits, and funds for the purposes of generating a measurable, beneficial social or environmental impact alongside a financial return. This is called impact investing, and you can start doing it right now, whether supporting a massive investment fund or a crowdsourced alternative energy project. Impact investing has grown from $50 billion in 2009 to $500 billion today. Although this is only a slice of the $61 trillion that makes up the global equity market, impact investing has spread among such instruments as equity, debt, real assets, and loan guarantees. Impact Investing with Large Investment Funds Analysts noted that private equity funds are undergoing a massive shift of funds from fossil fuel energy to renewables. Industry insiders say that fund sponsors are interested due to a convergence of numerous trends. First, the asset class has matured to the degree that the tech behind clean energy is a known quantity. Second, federal and state climate policies have mandated the decarbonization of energy, freeing up grants. Third, fund LPs are requiring increasing clean energy investments for sustainability initiatives. That's the 10,000 view, but let's get down to specifics. How do you do impact investing? A good place to start is with an alternative energy ETF. That way you can diversity across several companies through purchasing alternative energy exchange-traded funds. Here are five ETFS that Investopedia ranks the highest by reason of market cap, potential stock growth. liquidity. 1. Invesco Solar ETF (TAN) TAN follows the Mac Global Solar Energy Index, which tracks 23 stocksand keeps 90 percent of its investments in securities from the index. 2. Invesco WilderHill Clean Energy ETF (PBW) PBW provides exposure to U.S. companies engaged in advacing cleaner energy and conservation. It follows the WilderHill Clean Energy Index and invests at least 90 percent of its assets in stocks from the index. 3. First Trust Nasdaq Clean Edge Green Energy ETF (QCLN) This ETF tracks the Nasdaq Clean Edge Green Energy Index, which includes 39 stocks in its portfolio. 4. VanEck Vectors Global Alternative Energy ETF (GEX) This ETF tracks the Ardour Global Index; it focuses on companies in an area considered alternative energy. 5. iShares Global Clean Energy ETF (ICLN) The S&P Global Clean Energy Index is considered the benchmark of this ETF. It keeps a 90 percent concentration of assets from the index. The other 10 percent are futures, options, and swap contracts.

Impact Investing with Crowdfunding Investing in large-scale portfolios isn't the only way to start with impact investing. Many online companies now have funding platforms for renewable energy projects and cleantech companies. One of them is GridShare. You can browse offerings on the site and back projects through equity, debt, and donations. The second is StartEngine. It facilitates investment in early-stage startup businesses, including renewable energy companies. StartEngine works with small businesses, entrepreneurs, and others. It operates at a higher scale than Kickstarter or Indiegogo, allowing bigger businesses to get their liftoff. Which brings us to the best company you can invest in -- GoSun. Invest in GoSun

Portable power for people who want to live more independent, healthy and resilient lives. GoSun has developed breakthrough solar technologies that perform better than today’s outdoor gear, meet your essential needs and produce no emissions. Invest Now Reasons to Invest The Outdoor Recreation Industry is ripe for investment. In 2019, outdoor recreation accounted for $459.8B and the industry has continued to soar throughout 2020. Solar and Climate Change investments are going viral; they more than doubled in 2020 GoSun has a proven track record of growth, with $3.9M in revenue in 2020, over 100,000 products sold across 70 countries, and a 109% sales increase over 2019 Experienced team (with multiple successful exits and public IPO’s) has developed a process for launching innovations that power essential needs with renewable energy A lean start-up approach helps GoSun move quickly to meet major consumer needs and markets with today’s latest climate technology. Gaining traction initially with solar ovens, over the past few years, GoSun has expanded into portable fridges, lighting, charging, water purification, tiny houses and is now addressing power generators. THE PROBLEM Traditional energy sources cannot keep up with today’s needs because they are vulnerable, inconvenient, and harmful to our environment. Grid power cannot be trusted with its long, complicated, and often compromised supply chain (Source). Centralized utility power has stripped individuals of freedom and locked us into unnecessary, expensive, long-term debt (Source). When headed outdoors, we are forced to compromise too many comforts of home unless we bring an expensive RV or boat. Again, we are left vulnerable, buying more supplies everyday and throwing single use items in the trash after use. Thriving while off-grid should not be difficult. THE SOLUTION

Combining the latest in solar, energy storage and electronics, GoSun builds consumer products that meet essential needs and are better than today’s incumbent without compromising quality, performance or affordability. Not only do these portable devices make it easier to enjoy the outdoors, they are also capable of answering the call during times of need. GoSun has developed a formula for launching clean tech innovations thanks to an experienced team, a robust online community, and an international presence. By listening to customers in a massive online community, GoSun has leveraged insights to become a hub of clean living on the Fuel-Free Frontier. These durable, portable power solutions fit into both outdoor recreation and emergency preparedness markets. OUR TRACTION

Growth is the DNA of GoSun and now is time to scale. Consumers demand cleaner products and GoSun is fine tuned to rise to the opportunity. In a few years, GoSun has become the first consumer solar products manufacturer to break into mainstream markets. Centered around enjoying clean power, food and drink while outdoors, business more than doubled during COVID-19 pandemic. With more innovation on the way, GoSun anticipates these growth trends to continue. People are seeking more resilience and healthy living. GoSun creates innovative solutions that allow consumers to explore the solar future while meeting their immediate needs. Through powerful new online tools, customers share how GoSun products are perfect for off-grid adventures or for everyday use.

GoSun has empowered a large, engaged audience who’ve supported nine successful product launches, putting the company in the top one percent of all crowdfunding innovators. By focusing on real customer’s needs, GoSun has grown a lovable and valuable brand identity with a wide customer base. AWARDS

*Award sources include CES 2021, CES 2019, CTA 2017, Fast Company 2017. Breakthrough innovations get attention. GoSun has appeared on Top Chef, Science Channel’s All American Makers, The Henry Ford’s Innovation Nation and many news channels. Media coverage in major publications has driven a ton of eyeballs to witness GoSun and dream of the brighter future. More than just annual revenue growth and awards recognition, GoSun is committed to assisting in disaster relief efforts and establishing social enterprise in emerging markets. GoSun is one of the first solar manufacturers awarded by the United Nations Clean Cooking Alliance, UNDP and the American Red Cross. GoSun is currently building a presence in several developing countries to introduce low cost solar solutions.

Patrick Sherwin (Founder and CEO) works with non-profits in Haiti. THE MARKET Date based on sources from DNV and Our World in Date. Expanding beyond recreation, GoSun is meeting needs in Emergency Management. This is already a $117.2B industry and increasing with the effects of Climate Change. As the world moves away from burning fossil fuels, the Solar Energy Industry is predicted to grow 6,500% through 2050 (Source). Finally, in emerging markets overseas, about one billion people live without access to electricity and three billion people still burn wood and charcoal to cook everyday WHAT WE DO GoSun is quickly becoming the household name for portable, reliable solar products for recreation, emergency, and off-grid applications. Through community engagement GoSun is the center of a value hub that relies on customer feedback, technological opportunities and market trends. As a result, the new clean technologies, championed by GoSun, are affordable and capable of meeting our everyday needs. GoSun products allow people to:    Thrive off-grid - Our products work during power outages    Avoid messes - No smoke, no melting ice, no waste, plus a portable sink    Save money - Sustainable energy saves time, money, and resources    Help the climate - Solar power reduces environmental impact    Live healthier - More nutrients, less carcinogens    Prepare for change - Build resilience with available, versatile power sources    Cook without fuel, smoke or fire    Keep food and drinks cold without ice    Charge your cell phone and laptop without grid or generator power    Brew coffee in an all in one travel mug without a stove    Purify water with only a little bit of sunshine    Shelter in a tiny house that does not need grid power or water service    Portable solar generator makes the noisy gas generator obsolete    Travel with a solar kitchen that doesn’t need gas or cords    Beat the heat on a warming planet THE BUSINESS MODEL People want better products, made with better missions. The outdoor gear industry lacks clean tech products that are both affordable and consumer friendly. GoSun builds solar gear that is high quality, high performance and affordable. GoSun’s solar products align with all 17 of the UN SDG’s because they are free to use, produce no emissions, improve health, empower women + children, and save time + resources. GoSun’s solar products align with all 17 of the UN SDG’s because they are free to use, produce no emissions, improve health, empower women + children, and save time + resources. In the humanitarian realm, GoSun products are geared towards both disaster relief and areas of the world with vulnerable or limited energy sources. Institutions are seeking solutions that support a triple bottom line, creating a positive impact on: Local Economy, Environment and Human Health. GoSun’s salesforce has value engineered products for governments, large NGO’s and relief agencies. HOW WE ARE DIFFERENT GoSun Solar Ovens are a game changer when cooking outdoors. They produce the juiciest and tastiest food you'll ever make. With five patents and six trademarks, GoSun’s innovative approach to harnessing solar energy sets it apart from the other solar solutions on the market. Prior to GoSun, solar ovens were slow, bulky and impractical. GoSun solar ovens are fast, portable and convenient, plus they are safe to touch even while over 500°F (260°C). Our breakthrough solar cooking technology is:     Fast & Safe. Meals in minutes, but always cool to touch.    Versatile. Steams, bakes, roasts, and boils using only the Sun.    All-Weather. Near perfect insulation so that no weather is too cold.    Cook Day or Night. The world’s most efficient oven, solar and electric hybrid.

The GoSun Chill is more than a cooler, it's an off-grid refrigerator without the noisy generator. These Solar Coolers don't need ice, in fact, they can make ice. A portable 12V fridge designed to keep food cold or frozen, dry, and organized. Say goodbye to fishing for soggy sandwiches in a pool of hotdog juice, the solar alternative has arrived. A cooler that runs on the Sun is better because:    No Ice. More space, less weight and fresher food.    Sustainable. Primary power: Sun | Back-up power: 12 Volt & AC.    Lasts Longer. Keeps foods frozen for hours.    Charges Devices. Includes integrated PowerBank (lithium ion battery). GoSun knows today’s best solar and battery technology. A series of powerbank solutions unleash the freedom of portable power to keep you going while off-grid. From small to large, these devices are making gas generators obsolete. Capable of charging laptops, tablets, cameras, phones, lights, and other devices - just plug in anywhere, anytime. A generator that runs on the Sun is better because:     No noise, no fumes, no fuel. Silent and steady operation.    Sustainable. Primary power: Sun | Back-up power: 12 Volt & AC.    Lasts longer. No moving parts, very low maintenance.    Charge multiple devices at once. AC, DC, USB Water is key to life, so GoSun has built a purification and sanitation system that supplies your off-grid water needs. Joining a USB powered pump to a small solar power bank provides months of fresh drinking water. A kitchen sink that fits in your backpack, GoSun Flow sets up in seconds and can also turn into a shower. A water system that runs on a micro pump is better because:    No hand pumping, no waiting for chemicals to sterilize drinking water    Versatile. Water purifier, kitchen sink or shower    Conserves water during usage so you don’t break your back hauling    Set up a sanitation station anywhere to wash hands and gear Tiny Houses are sweeping the nation, for good reason. Downsizing makes like easier and more free. The GoSun Dream is an off-grid, solar, smart home that can be placed almost anywhere to become a: vacation home, rental, office, mobile home/RV. It brings its own power, water and waste management so you’re independent and autonomous. A tiny house that runs on the Sun is better because:    No need for utilities, the Dream makes its own power    Hybrid solar + electric oven, solar cooler, water system, & energy storage.    All services hooked up: onboard water, electricity, heating and cooling.    GoSun portable products can be used in or outdoors OUR TEAM Experienced designers, engineers, and change-makers, GoSun’s team is intent on serving the world with unparalleled clean power solutions. Through collaborations and by living with their creations, GoSun’s tight knit team is able to make innovation happen quickly. Fast, nimble, and well connected; when GoSun sees an opportunity, we go for it. WHY INVEST With a growing awareness of Climate Change and natural disasters, consumers are seeking more efficient, self-reliant products. GoSun is seeking investors who want to help us in creating and delivering real solutions. GoSun’s solar products are easy, fun to use and they actually work better than conventional products. The concept sketch above depicts GoSun's capabilities; the lightweight camping trailer can be set up in just 30 minutes, providing: cooking, water purification, cold storage, wash station, prep area and solar + battery power supply. Users can have more fun in the Sun and rely on the trailer to be prepared for anything. Mainstream consumers are demanding cleaner, healthier products and institutional investors are seeking environmental and social impact. GoSun allows the solar energy boom to meet everyday consumers. The company and team have grown strong over the past few years, now they are ready to scale. GoSun stands in the intersection where sustainability and profitability meet. Invest Now

[preciousmetals0]

Who Needs Jobs?; Uber Eats $3 Billion Loss; Roku’s Still Boss

Who Needs Jobs?; Uber Eats $3 Billion Loss; Roku’s Still Boss:

Friday Four Play: The ¯\_(ツ)_/¯ Edition

It’s official. The U.S. economy is in tatters … and Wall Street doesn’t seem to mind.

According to the Labor Department, the U.S. lost a record 20.5 million jobs in April. That’s roughly 25 times more lost jobs than in the worst month of the 2008 financial crisis.

Furthermore, the unemployment rate skyrocketed to 14.7% — the highest such reading since the Great Depression.

In short, the U.S. economy went from the lowest unemployment rate in 50 years to the worst in 50 years … in less than two months.

And what about that grand discussion that CNBC’s Jim Cramer said we would have today?

You know, how the report would be so bad that we’d debate “whether we’re in a serious recession or a depression?”

Yeah … that discussion ain’t happening, at least on Wall Street.

The market rallied in the face of today’s horrific jobs data. I think we can officially throw out any notion that Wall Street is in any way tied to the economy.

Great Stuff’s advice remains the same despite the market’s insanity: Hold gold, hold bonds and hold currencies with the majority of your investment capital.

After that, use what you can afford to lose to speculate on this insane market rally. There are opportunities to be had, but the market is in unprecedented territory right now. It’s a house of cards built on unfounded optimism that could tumble down at any moment.

However, you still have time to come out of this mess stronger than before. Experts like Matt Badiali have helped people just like you navigate irrational times and bear markets alike.

Click here to learn what he recommends you do before all else.

You have been warned.

And now for something completely different … here’s your Friday Four Play:

No. 1: Overreaction Opportunity

Roku Inc. (Nasdaq: ROKU) is up more than 40% since Great Stuff first recommended the shares roughly a year ago. Compared to the rest of the market, that’s a big win. But, if you missed the boat last year, don’t worry … the market has handed you an opportunity today!

Last night, Roku reported revenue and earnings that beat Wall Street’s expectations. The number of new Roku accounts surged 70% year over year, and streaming hours rose 48%. The company now sports nearly 40 million active accounts.

Looking ahead, Roku said it expects to report “substantial” ad revenue growth for fiscal 2020. However, the company warned that it saw “higher-than-normal cancellations as overall advertising budgets have declined.”

Mr. Wall Street decided to focus on that tidbit of info to send ROKU plummeting, giving you an opportunity for profit.

You see, ad companies are having trouble adjusting to the new cord cutting paradigm. They’re used to spending on traditional TV ads, and they’re pulling back ads without major blockbuster events, such as the NCAA tournament.

Once ad agencies realize their audience has migrated to streaming, ROKU will be front and center for their ad dollars. To put it another way, print media advertising went through a similar ordeal back in 2008. That ad money moved online as newspapers and magazines were finally pushed out in favor of online publications.

ROKU is doing the same thing to traditional TV, and it will pay off big for investors. So, if you haven’t taken a look at buying in (or adding to your stake) over the past year, today’s as good a time as any to shoot your shot.

No. 2: Uber Eats a $3 Billion Loss

OK, so it wasn’t exactly $3 billion. It was more like $2.9 billion, but potato, potahto … you get the point.

Uber Technologies Inc. (NYSE: UBER) had more than a few “sins” to get off its chest in the earnings confessional last night.

The first was that $2.9 billion loss, which breaks down into $1.70 per share on an adjusted basis. It more than doubled Wall Street’s expected loss of $0.84 per share.

The next sin was that revenue came up $30 million short of the consensus estimate. Finally, gross bookings fell 5% at Uber’s ride-sharing unit, coming in below expectations at $10.87 billion.

So why did Uber stock rally today? Because of Uber Eats. The food delivery unit saw revenue surge 52% to $4.68 billion, beating analysts’ targets. Additionally, investors were keen on Uber’s cost-cutting measures, which include job cuts.

“We will not shy away from making short-term financial sacrifices where we see clear long-term benefits,” said Uber CEO Dara Khosrowshahi. (Say his name three times fast, I dare you.)

Wait a minute … where have I heard this before? Ah, right: This line has been one of Dara’s faves, word for word, ever since Uber first went public.

Editor’s Note: Investing in innovative IPOs? That has Paul Mampilly written all over it! Click here to see how Paul finds the perfect IPO.

No. 3: Cloud City Rich

For the longest time, Box Inc. (NYSE: BOX) and Dropbox Inc. (Nasdaq: DBX) were the two reigning cloud-storage kings. Typically, office workers and freelancers alike rely on Box and Dropbox to access work files easily from at home, the office or — bad habit alert — on vacation.

With the stay-at-home market, remote workers can now conveniently access all their data and projects from the living room, the kitchen, the shed out back … my, this truly is the work-from-anywhere revolution.

So, Mr. Worldwide, what’s up with Dropbox?

Today, Dropbox dropped, while Box barely dropped. Dropbox’s drop shows us that, even when you outbox Box, you can still get boxed in.

Dropbox posted its first ever quarterly profit. Earnings came in at $0.17 per share, beating analysts’ consensus estimate for $0.14 per share. The company brought in $455 million for the quarter, just squeezing by the projection for $452.2 million.

Better still, it still expects to turn a profit for the full year!

And what does Dropbox get for its dashing results? A 2% aftermarket rally that today’s trading almost immediately erased.

So what gives?

Dropbox even provided second-quarter guidance at a time when guidance is rare. The thing is, it didn’t meet Wall Street’s wishful thinking projections.

CEO Drew Houston still gave some much-needed optimism, though: “Certainly, a huge percentage of the world is being forced into a remote work state for the first time, but I think the effects of it will persist well beyond when we typically go back into the office.”

No. 4: Glasses Meet Camera

Now, with a mixed medley of earnings messes behind us, let’s have a quick tech talk.

Vuzix Corp. (Nasdaq: VUZI) is augmenting reality where reality was never augmented before.

Think of the geeky-looking privacy disaster that Google’s smart glasses turned out to be. But, instead of the bright scrolling news feed an inch from your eye (that no one asked for), Vuzix’s M400 Smart Glasses have joined the COVID-19 fight’s many front lines.

This week, news came out that health care workers can now use a version of Zoom specific for “telemedicine videoconferencing.” And here I thought the Jetsons had futuristic tech!

Even better, doctors and hospital workers are also using Vuzix’s glasses at Johns Hopkins Hospital’s intensive care ward to remotely carry out their rounds for quarantined COVID-19 patients. Doctors also said the glasses would help out with training and other hands-free patient monitoring.

VUZI shares are up big … relatively that is. Today’s 19% surge puts VUZI roughly 188% above its mid-March lows. You want to talk pre-crash levels? Psshh … before today, VUZI shares hadn’t traded past the $3 mark since the balmy days of July 2019.

And if you’ve never heard of Vuxiz before, I don’t blame you. Heck, Ian Dyer is the only other Banyan Hill analyst who I’ve seen cover the stock.

Vuzix is far from a household name, and it’s tiny. (How tiny is it?!) Today’s surge put the company’s entire market cap at just over $85 million.

A Great Stuff crowdfund could buy out the dang thing … I mean, in theory. Who wouldn’t want to own an augmented reality company? It’s sure more interesting than whatever else Snapchat is doing with augmented reality. Because the world really needs more puppy dog selfies…

Great Stuff: Weekend Rabble-Rousing

That just about wraps things up for this week of Great Stuff.

How are you holding up out there, dear reader?

How has the Great Reopening affected (or not affected) your neck of the world? Are you keeping yourself occupied?

If you’ve got a hankering to spin your story, write to us anytime at GreatStuffToday@BanyanHill.com.

We always love hearing from you!

You can always hear more from us on Facebook and Twitter too.

Until next time, be Great!

Joseph Hargett

Editor, Great Stuff

[un-enfant-immature]

The real-life Emery and Evan from “Fresh off the Boat” launch Batu Capital for cannabis, crypto and big data startups

Brothers Evan and Emery Huang, founders of Batu Capital

Restaurateur and raconteur Eddie Huang is the best known of the three “Fresh off the Boat” brothers (it was his memoir that inspired the ABC sitcom), but his younger brothers Emery and Evan remain relatively mysterious even to its most loyal viewers. Though the two’s namesake characters are also prominently featured on the show, their real-life counterparts have kept a much lower public profile, making sporadic appearances on Eddie’s social media.

Emery and Evan, however, have been busy investing in real estate and recently branched into tech startups. Though their multi-family investment office Batu Capital just launched this year, it reached a big milestone this week when one of their first investments, MJ Freeway, an enterprise software developer for the cannabis industry, entered into a merger agreement with MTech that will make it part of a Nasdaq-listed holding company.

The fictionalized versions of Evan and Emery Huang, portrayed on “Fresh off the Boat” by Ian Chen and Forrest Wheeler. (Photo by Vivian Zink/ABC via Getty Images)

In an interview, the two brothers told TechCrunch about moving into the tech sector and the startups they want to fund in the United States, China and Southeast Asia. Batu Capital is focused on finding companies in the cannabis, blockchain and crypto sectors, as well as big data.

In addition to MJ Freeway, which provides enterprise resource planning and compliance tracking software for the cannabis businesses, its portfolio also includes Vidy, a startup building a new approach to video ads on Ethereum, and Sora Ventures, a crypto-backed blockchain and digital currency venture fund. Batu Capital invests in seed or Series A stage companies or Series C and pre-IPO and its typical check size will be about $500,000 to $2 million.

Though Batu isn’t a single family office, instead raising capital from a network of limited partners for each investment, its creation was motivated by Emery and Evan’s desire to protect their family’s assets after several generations of political and social upheaval.

“Long story short, our family has made and lost fortunes more than five times within the past two generations and quite frankly I’ll be damned if we let it happen again in me and Evan’s lifetime,” Emery says.

Before World War II, the Huang brothers’ paternal relatives amassed a railroad fortune, but lost it all during the Japanese invasion of Nanjing. They escaped to Chongqing and began rebuilding their wealth through real estate, but were forced to flee to Taiwan during the Chinese Communist Revolution, losing everything once again. Meanwhile their maternal grandparents had also fled from China to Taiwan to escape the Japanese army. Though they had worked in banking before, they survived in Taipei by selling steamed buns on the street for several years until getting jobs in a textile plant, eventually opening their own curtain and upholstery fabric factory.

Like many who had escaped the Chinese Communist Party, however, the boys’ relatives remained wary of another invasion and though they had rebuilt their lives in Taiwan, both sides eventually left for the U.S. That’s where their parents, Louis and Jessica, met, married, and had their three sons. “Fresh off the Boat,” the first American primetime sitcom in 20 years to star Asian-Americans, is a fictionalized version of the Huang family’s ups-and-downs as Louis and Jessica build a restaurant business in Florida, where the brothers grew up.

Investing in the backbone of new industries

All three brothers gained business experience by working on BaoHaus, the popular restaurant chain Eddie launched on the Lower East Side of Manhattan in 2009. Emery, who had won the Writers of the Future Grand Prize for science fiction writing, exited early and moved to China. He wanted to work on novels set there, but also look for new investment opportunities. At that time, Emery and Evan were helping their parents prepare for retirement by exiting the restaurant business and they began investing the family’s assets in real estate, brokering deals between Chinese investment groups and New York City property owners before deciding to branch into tech.

Batu Capital is named after Batu Khan, the Mongol ruler and founder of the Golden Horde dynasty, in a nod to their love of Mongolian history (they also recently discovered, thanks to 23andMe tests, that they have some Mongolian heritage through both their parents).

The firm is focusing on cannabis because of its “massive addressable market, both in terms of pain management and medical usage, as well as recreational usage,” Emery says. In particular, the brothers are hopeful that it can replace the $17 billion painkiller market, but without the side effects that have contributed to the opioid epidemic. As for crypto, Emery says the brothers “were really drawn to the applications of blockchain technology, not just for currency, but blockchain in general, and smart ledgers in general, as a way to archive information in terms of data storage and data fidelity.”

In each sector, Evan says Batu looks for companies that want to build solutions for the “overall infrastructure of the industry.”

For example, MJ Freeway helps growers and dispensaries manage their business while making sure they comply with state and federal regulations. Vidy, meanwhile, is using blockchain to reboot the way publishers display ads. Instead of automatic pop-ups or embeds, readers can decide if they want to see a video by placing their finger or cursor over text in an online article (try it in this Esquire Singapore article by hovering over the pink highlighted text).

By allowing readers an easy opt-in to streaming videos, Vidy hopes to give publishers a more nuanced understanding of user engagement. The startup, whose partners include Mediacorp, Mercedes-Benz, and Deliveroo, also created its own ERC20 utility token, called VidyCoin, which advertisers use to purchase ad placements and readers can earn by watching videos. Recording transactions on blockchain enables Vidy to guard against different types of online ad fraud, including click spam.

With their family’s past setbacks in mind, the Huang brothers say one priority is to make sure their portfolio is geographically diverse. In addition to the U.S. and China (Emery is based in Shanghai and Evan is planning to move from the U.S. to Beijing soon), Batu Capital is also looking at growth markets in Southeast Asia, in particular the Philippines and Cambodia. The latter not only benefits from Chinese funding, but also provides more transparency for investors, they say.

“Our number one priority for startups is the executive team. We want to make sure it’s people who have a track record of building up companies in that industry or related industries, or that have experience that can transfer over. They have to have a competitive edge in the market. For example, what’s their niche in the big data space or do they have strategic partnerships?” Emery says. “The same thing with crypto and cannabis. We don’t just invest in the space. We need to make sure they stand out.”

[freddiemark]

The Future of Boat Share Price: Innovations and Forecasts

Introduction to Boat Share Price

As an investor, I have always been intrigued by the potential of different markets. One sector that has caught my attention recently is the boat industry. In particular, the concept of boat share price has opened up exciting opportunities for investors. In this article, I will delve into the reasons why boat share price has become an attractive investment avenue, the advantages of investing in boat share price, and provide an analysis of the financial performance and earnings reports of boat share price.

Why Boat Share Price?

Boat share price refers to the value of shares in companies that operate in the boat industry. This sector has seen significant growth in recent years due to the increasing popularity of boat ownership and recreational activities on the water. Investing in boat share price allows individuals to participate in this thriving market and potentially reap substantial returns.

One of the main reasons why boat share price has gained attention is the rising demand for boat-related services. With more people looking to enjoy boating experiences, companies in the boat industry have witnessed increased revenues and profitability. This trend is expected to continue in the future, making boat share price an appealing investment option.

Additionally, the boat industry has been witnessing technological advancements and innovations. From improved navigation systems to eco-friendly propulsion options, companies in the boat industry are constantly adapting to meet the evolving needs of consumers. Investing in boat share price allows investors to be a part of this innovation and potentially benefit from the growth of companies at the forefront of these advancements.

Advantages of Investing in Boat Share Price

Investing in boat share price offers several advantages for investors. Firstly, it provides diversification in an investor's portfolio. By adding exposure to the boat industry, investors can balance their risk and potentially benefit from the growth of this sector. Diversification across different industries is a fundamental strategy to mitigate risk and maximize returns.

Secondly, investing in boat share price allows investors to tap into a growing market. The boat industry has been expanding steadily, driven by factors such as increasing disposable incomes, changing consumer preferences, and the desire for unique and memorable experiences. By investing in boat share price, investors can position themselves to benefit from the growth potential of this market.

Furthermore, boat share price investments can offer attractive returns. As the boat industry continues to flourish, companies operating in this sector have the potential to generate strong financial performance. This can translate into capital appreciation for investors, leading to higher returns on their investments.

Financial Performance and Earnings Reports of Boat Share Price

To assess the potential of boat share price as an investment opportunity, it is crucial to analyze the financial performance and earnings reports of companies in the boat industry. By reviewing these reports, investors can gain insights into the profitability, revenue growth, and overall financial health of the companies they are considering investing in.

One company that stands out in the boat industry is Their boat share price has shown consistent growth over the past few years, supported by strong financial performance. The company has reported increasing revenues and net profits, indicating a solid business model and effective management.

In conclusion, the future of boat share price looks promising with the increasing demand for boat-related services, technological advancements, and the potential for attractive returns. Investing in boat share price offers diversification, exposure to a growing market, and the opportunity for capital appreciation. Investors can make informed decisions and potentially benefit from the growth of the boat industry.

[goldira01]

Friday Four Play: The ¯\_(ツ)_/¯ Edition

It’s official. The U.S. economy is in tatters … and Wall Street doesn’t seem to mind.

According to the Labor Department, the U.S. lost a record 20.5 million jobs in April. That’s roughly 25 times more lost jobs than in the worst month of the 2008 financial crisis.

Furthermore, the unemployment rate skyrocketed to 14.7% — the highest such reading since the Great Depression.

In short, the U.S. economy went from the lowest unemployment rate in 50 years to the worst in 50 years … in less than two months.

And what about that grand discussion that CNBC’s Jim Cramer said we would have today?

You know, how the report would be so bad that we’d debate “whether we’re in a serious recession or a depression?”

Yeah … that discussion ain’t happening, at least on Wall Street.

The market rallied in the face of today’s horrific jobs data. I think we can officially throw out any notion that Wall Street is in any way tied to the economy.

Great Stuff’s advice remains the same despite the market’s insanity: Hold gold, hold bonds and hold currencies with the majority of your investment capital.

After that, use what you can afford to lose to speculate on this insane market rally. There are opportunities to be had, but the market is in unprecedented territory right now. It’s a house of cards built on unfounded optimism that could tumble down at any moment.

However, you still have time to come out of this mess stronger than before. Experts like Matt Badiali have helped people just like you navigate irrational times and bear markets alike.

Click here to learn what he recommends you do before all else.

You have been warned.

And now for something completely different … here’s your Friday Four Play:

No. 1: Overreaction Opportunity

Roku Inc. (Nasdaq: ROKU) is up more than 40% since Great Stuff first recommended the shares roughly a year ago. Compared to the rest of the market, that’s a big win. But, if you missed the boat last year, don’t worry … the market has handed you an opportunity today!

Last night, Roku reported revenue and earnings that beat Wall Street’s expectations. The number of new Roku accounts surged 70% year over year, and streaming hours rose 48%. The company now sports nearly 40 million active accounts.

Looking ahead, Roku said it expects to report “substantial” ad revenue growth for fiscal 2020. However, the company warned that it saw “higher-than-normal cancellations as overall advertising budgets have declined.”

Mr. Wall Street decided to focus on that tidbit of info to send ROKU plummeting, giving you an opportunity for profit.

You see, ad companies are having trouble adjusting to the new cord cutting paradigm. They’re used to spending on traditional TV ads, and they’re pulling back ads without major blockbuster events, such as the NCAA tournament.

Once ad agencies realize their audience has migrated to streaming, ROKU will be front and center for their ad dollars. To put it another way, print media advertising went through a similar ordeal back in 2008. That ad money moved online as newspapers and magazines were finally pushed out in favor of online publications.

ROKU is doing the same thing to traditional TV, and it will pay off big for investors. So, if you haven’t taken a look at buying in (or adding to your stake) over the past year, today’s as good a time as any to shoot your shot.

No. 2: Uber Eats a $3 Billion Loss

OK, so it wasn’t exactly $3 billion. It was more like $2.9 billion, but potato, potahto … you get the point.

Uber Technologies Inc. (NYSE: UBER) had more than a few “sins” to get off its chest in the earnings confessional last night.

The first was that $2.9 billion loss, which breaks down into $1.70 per share on an adjusted basis. It more than doubled Wall Street’s expected loss of $0.84 per share.

The next sin was that revenue came up $30 million short of the consensus estimate. Finally, gross bookings fell 5% at Uber’s ride-sharing unit, coming in below expectations at $10.87 billion.

So why did Uber stock rally today? Because of Uber Eats. The food delivery unit saw revenue surge 52% to $4.68 billion, beating analysts’ targets. Additionally, investors were keen on Uber’s cost-cutting measures, which include job cuts.

“We will not shy away from making short-term financial sacrifices where we see clear long-term benefits,” said Uber CEO Dara Khosrowshahi. (Say his name three times fast, I dare you.)

Wait a minute … where have I heard this before? Ah, right: This line has been one of Dara’s faves, word for word, ever since Uber first went public.

Editor’s Note: Investing in innovative IPOs? That has Paul Mampilly written all over it! Click here to see how Paul finds the perfect IPO.

No. 3: Cloud City Rich

For the longest time, Box Inc. (NYSE: BOX) and Dropbox Inc. (Nasdaq: DBX) were the two reigning cloud-storage kings. Typically, office workers and freelancers alike rely on Box and Dropbox to access work files easily from at home, the office or — bad habit alert — on vacation.

With the stay-at-home market, remote workers can now conveniently access all their data and projects from the living room, the kitchen, the shed out back … my, this truly is the work-from-anywhere revolution.

So, Mr. Worldwide, what’s up with Dropbox?

Today, Dropbox dropped, while Box barely dropped. Dropbox’s drop shows us that, even when you outbox Box, you can still get boxed in.

Dropbox posted its first ever quarterly profit. Earnings came in at $0.17 per share, beating analysts’ consensus estimate for $0.14 per share. The company brought in $455 million for the quarter, just squeezing by the projection for $452.2 million.

Better still, it still expects to turn a profit for the full year!

And what does Dropbox get for its dashing results? A 2% aftermarket rally that today’s trading almost immediately erased.

So what gives?

Dropbox even provided second-quarter guidance at a time when guidance is rare. The thing is, it didn’t meet Wall Street’s wishful thinking projections.

CEO Drew Houston still gave some much-needed optimism, though: “Certainly, a huge percentage of the world is being forced into a remote work state for the first time, but I think the effects of it will persist well beyond when we typically go back into the office.”

No. 4: Glasses Meet Camera

Now, with a mixed medley of earnings messes behind us, let’s have a quick tech talk.

Vuzix Corp. (Nasdaq: VUZI) is augmenting reality where reality was never augmented before.

Think of the geeky-looking privacy disaster that Google’s smart glasses turned out to be. But, instead of the bright scrolling news feed an inch from your eye (that no one asked for), Vuzix’s M400 Smart Glasses have joined the COVID-19 fight’s many front lines.

This week, news came out that health care workers can now use a version of Zoom specific for “telemedicine videoconferencing.” And here I thought the Jetsons had futuristic tech!

Even better, doctors and hospital workers are also using Vuzix’s glasses at Johns Hopkins Hospital’s intensive care ward to remotely carry out their rounds for quarantined COVID-19 patients. Doctors also said the glasses would help out with training and other hands-free patient monitoring.

VUZI shares are up big … relatively that is. Today’s 19% surge puts VUZI roughly 188% above its mid-March lows. You want to talk pre-crash levels? Psshh … before today, VUZI shares hadn’t traded past the $3 mark since the balmy days of July 2019.

And if you’ve never heard of Vuxiz before, I don’t blame you. Heck, Ian Dyer is the only other Banyan Hill analyst who I’ve seen cover the stock.

Vuzix is far from a household name, and it’s tiny. (How tiny is it?!) Today’s surge put the company’s entire market cap at just over $85 million.

A Great Stuff crowdfund could buy out the dang thing … I mean, in theory. Who wouldn’t want to own an augmented reality company? It’s sure more interesting than whatever else Snapchat is doing with augmented reality. Because the world really needs more puppy dog selfies…

Great Stuff: Weekend Rabble-Rousing

That just about wraps things up for this week of Great Stuff.

How are you holding up out there, dear reader?

How has the Great Reopening affected (or not affected) your neck of the world? Are you keeping yourself occupied?

If you’ve got a hankering to spin your story, write to us anytime at GreatStuffToday@BanyanHill.com.

We always love hearing from you!

You can always hear more from us on Facebook and Twitter too.

Until next time, be Great!

Joseph Hargett

Editor, Great Stuff

[sheminecrafts]

Why Flexport built a slick Slack SaaS for shipping

“Make their metrics your metrics” is one of Flexport CEO Ryan Petersen’s mantras. Sometimes that means building free software for your clients. It can be frustrating aligning your fates with a fellow business if they operate on email, phone and fax like much of the freight-forwarding industry that gets pallets of goods across the world from factories to retailer’s floors. So today, the new Flexport Platform launches, allowing brand clients, their factories and their Flexport logistics reps to all team up to get stuff where it belongs on time.

The software could further stoke Flexport‘s growth by locking in customers to work with the shipping startup that was valued at $3.2 billion after raising $1 billion from SoftBank in February (to bring it to $1.3 billion in funding). Flexport’s revenue was up 95%, to $441 million in 2018, Forbes’s Alex Konrad reported. Yet there’s plenty of green field to conquer given even Flexport’s largest competitor Kuehne & Nagel only holds 2.5% market share while the whole freight-forwarding industry grows 4% per year.

The Flexport Platform lets 10,000 clients, like Bombas socks, invite their suppliers to collaborate on managing shipments together. An integrated calendar makes shipping timelines clear. A map gives clients a god-view of their freight criss-crossing the globe. Pre-filled forms expedite compliance. Tagging lets users group shipments and filter or search their dashboards, and flag something for extra care — like a pallet of goods critical for a marketing launch event. Collaborators also can sync up via a Facebook Wall-style feature, or direct message the team with threaded conversations, much like Slack.

Flexport CEO Ryan Petersen

“There’s infinite demand for a job well done,” Petersen says about his industry. “The hard part has always been doing a good job.” Taking the confusion out communication scattered across email chains means clients get shipping documentation filled out 50% faster with 4X more accurate data. Flexport is on the tip of the tongue as software eats the world, with antiquated sectors suddenly leveling up.

Petersen saw the inefficiency first-hand growing up running his own import/export and customs business. He is part of a wave of entrepreneurs attacking unsexy businesses that the typical Silicon Valley enterprise exec might never stumble across. But three years after we profiled his scrappy company, when it had raised just $26 million in funding and had 700 clients, Petersen tells me “We’re trying to retire the word ‘startup.’ ”

It turns out top global brands like Sonos and Klean Kanteen don’t like the second half of “move fast and break things” when those things are boats and planes full of their products. “They want a company that will help them grow, not the fly-by-night startup,” Petersen explains. But with competitors trying to chase it and incumbents trying to adopt similar technologies, Flexport must maintain its agility to avoid being subsumed by the pack.

As his company has grown to 1,700 employees, he’s dedicated a ton of his time to keeping its culture in check — especially after a certain other logistics giant startup had some uber-painful troubles with workplace toxicity. “You either have too much bureaucracy or not enough process, and no one knows what to do. The English language lacks a positive word for bureaucracy — just the right amount of process so people can move quickly.”

That’s what Flexport wanted to give clients with the new platform. From a dedicated tasks queue to a notifications pane, it’s built to take the guesswork out of what to do next while being as approachable as consumer software for new users. That also why it’s free. It’s not supposed to be some chore you’re forced to complete, product lead Frank te Pas tells me. “As you move your first shipment you get onboarded onto this system” says te Pas. “It’s our way of helping.”

That’s meant a ton of personal growth, too. Petersen is still enthusiastic, curious and charmingly rough around the edges, but he carries it all with more dignity and gravity than a few years back. “The only way I get to stay in this role is if I learn faster than anybody else. Being the CEO of a 1,700-person company is not something I knew how to do four to five years ago, or even last year,” he tells me. “I’ve changed and become more self-aware. It’s been really important to take care of myself — sleeping a lot, I quit drinking alcohol, I lost 30 pounds. I feel great.”

With plenty of cash in the bank, industry talent taking it seriously and new businesses like Flexport Capital freight financing and its cargo insurance offered in partnership with Marsh, the company might not be a startup for long. It looks like a hot candidate for a coming season of IPOs. And while this company has its own plane (the leading entry for the naming contest is “Weird Flex But OK”), it’s actually part of its shipping fleet.

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