Latest news with #LuckyInvestments
Time of India
3 days ago
- Business
- Time of India
Janitri raises $1.4 million pre-series A led by investor Ashish Kacholia
Bangalore-based Janitri , a maternal healthcare technology company, has raised $1.4 million in a pre-Series A round led by investor Ashish Kacholia , Founder, Lucky Investments Manager, who has doubled down on the company, having also participated in the previous round. Participants in this round included Prateek Maheshwari , Pradip Todi via O2 Angels, and the tal64 syndicate. While the current funding round is primarily based on Janitri's proven B2B success, a portion of the raised funds will be strategically allocated to enter the consumer segment. Kacholia said in a statement, 'Arun has spent time and effort in understanding unmet customer needs in the 1000-days journey of maternal care. Janitri's product is compact, full function, and enables cost-effective monitoring of mother and newborn for both hospital and home segment. It is a large market in India and overseas and hopefully, Janitri will identify more such market gaps to build a large and profitable medtech company out of India.' Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villa For Sale in Dubai Might Surprise You Villas in Dubai | Search ads Learn More Undo Agarwal said in a statement, 'Janitri is building products focused on the 1000-day pregnancy journey of a mother and child. The goal is to bring joy to the mother, father, and the whole family as they anticipate and prepare for the arrival of their newborn into the world.' With this new funding, Janitri plans to expand its sales and support network across India; enhance its product suite with new offerings focused on in-home maternal healthcare; develop wearable vital signs patches for remote monitoring in the third trimester; create neonatal monitoring solutions for high-risk newborns and scale operations to reach Rs 3 crore monthly revenue in the next 12 months. Live Events The company's flagship product, Keyar, is an intrapartum monitoring device that tracks vital signs of pregnant women during labor, helping detect complications early and enabling timely interventions. Janitri addresses a critical gap in healthcare delivery — inadequate vital signs monitoring during labor, which contributes significantly to maternal and child mortality rates.
Business Recorder
28-04-2025
- Business
- Business Recorder
Lucky Investments awarded AM2 Asset Manager Rating by PACRA
KARACHI: Lucky Investments Limited (Lucky Investments) has been awarded an initial Asset Manager Rating of 'AM2' with a Positive Outlook by The Pakistan Credit Rating Agency Limited (PACRA). This significant milestone marks a strong start for the newly established Islamic asset management company, which aims to become the preferred choice for Shariah-compliant investment solutions in Pakistan, driven by a vision of sustainable growth, integrity, and innovation. Commenting on this achievement, Mohammad Shoaib, CFA, CEO of Lucky Investments, has said that this rating is a testament to our strong sponsor support, robust governance, and professional management. 'We remain committed to continuously raising our standards and deeply appreciate the trust and confidence our stakeholders and investors have placed in us, he added. According to company, the AM2 rating reflects the solid foundation laid by the Company's sponsors, underpinned by a substantial capital injection and a sound governance framework. The direct involvement of sponsors on the Board and key Committees reinforces stakeholder confidence and supports strategic oversight. PACRA's rating also acknowledges the depth and expertise of Lucky Investments' management team, which is widely recognized in the market for its proven track record. The Company's leadership is focused on building a resilient institutional framework that will underpin long-term performance and value creation. The Positive Outlook assigned to the rating highlights the forward-looking initiatives already underway, with further upside potential as these efforts bear fruit. The management's approach reflects a strong commitment to professionalism, adherence to industry best practices, and a drive for innovation within the Islamic finance space. Copyright Business Recorder, 2025
Arab News
09-04-2025
- Business
- Arab News
$170 million raised in Pakistan's largest-ever IPO for Lucky Islamic Money Market Fund
ISLAMABAD: Lucky Investments Limited said on Wednesday it had successfully raised Rs50 billion ($170 million) during the Initial Public Offering (IPO) of its debut fund, the Lucky Islamic Money Market Fund, the largest ever mutual fund launch in Pakistan. The Fund had declared the launch of its IPO for April 9, inviting all interested investors to become part of a historic interest-free, Shariah-compliant Pakistan initiative, as per a notice issued by the company. 'This landmark achievement marks an extraordinary milestone in Pakistan's financial sector, where investors nationwide demonstrated overwhelming confidence in the company's first Shariah-compliant offering,' Lucky Investments said in a statement. 'The record-breaking subscription underscores robust demand for Islamic financial products and firmly positions Lucky Investments' place as a promising new player in Pakistan's Asset Management Industry.' Lucky Investments, a subsidiary of Pakistan's Lucky Group, focuses on investment and portfolio management across sectors like energy, real estate and manufacturing. Originally known as Interloop Asset Management Limited, the company was acquired by Yunus Brothers Group in December 2024 and rebranded as Lucky Investments Limited. The company listed Lucky Islamic Money Market Fund as the first in a planned series of Shariah-compliant mutual funds set to be introduced by the company. 'We are profoundly grateful for the extraordinary trust placed in us by investors across Pakistan,' Lucky Investments Chief Executive Officer Mohammad Shoaib was quoted as saying in the statement. 'Breaking the national record with a Rs50 billion subscription in a single day is not just a milestone for Lucky Investments, but a testament to the growing strength of Islamic finance in our market.' Shariah-compliant investments are gaining traction in Pakistan as investors seek ethical, faith-based financial solutions. Supported by a growing Islamic finance sector and regulatory backing from the Securities and Exchange Commission of Pakistan and the State Bank, the market continues to expand through mutual funds, sukuk, and Islamic banking products. In 2024, Islamic banking in Pakistan held a significant market share, with assets and deposits accounting for approximately 19 percent and 24 percent of the overall banking industry, respectively, by the end of September. The State Bank has set the target to increase the share of the Islamic banking system to 35 percent by 2025.
