Latest news with #SameerMehta
Time of India
30-04-2025
- Business
- Time of India
Health food brand Anveshan raises Rs 48 crore from Wipro Consumer Care Ventures, others
Anveshan , a health food brand , has raised Rs 48 crore in a funding round led by Wipro Consumer Care Ventures , the venture capital arm of Wipro Consumer Care & Lighting. The round, which was a mix of primary and secondary capital, saw participation from existing investors DSG Consumer Partners, Titan Capital Winners Fund, Force Ventures, and angel investors, including Boat founders Aman Gupta and Sameer Mehta. The funds will be used to expand partner manufacturing units, strengthen the company's supply chain, enhance its traceability platform, and accelerate branding and marketing efforts. Founded in 2020 by Kuldeep Parewa, Akhil Kansal, and Aayushi Khandelwal, the Gurugram-based company provides minimally processed food products prepared traditionally, in rural areas. 'We didn't just want to build a food brand; we wanted to rebuild trust by making food that's clean, traceable, and rooted in the wisdom of our Indian traditions. Today's conscious consumers don't just want taste; they want truth on their plate,' said the founders, in a statement. According to the company, it has achieved a net revenue run rate of over Rs 100 crore in FY25, reflecting 80% year-on-year growth. It is now targeting a Rs 500 crore in revenue over the next few years. Commenting on the investment, Sumit Keshan, managing partner, Wipro Consumer Care Ventures, said, 'We are excited to invest and partner with Anveshan in their journey to provide high-quality preservative-free products to consumers… This marks our 14th investment from our fund and third in the food sector.' The other two investments in the food industry are Let's Try and The Baker's Dozen. 'The brand has scaled over 10x since our first investment, with top-decile capital efficiency, sharp category focus, and a disciplined SKU strategy, emerging as a leader across digital channels,' said Hariharan Premkumar, managing director, DSG Consumer Partners.
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First Post
24-04-2025
- Business
- First Post
New Zealand Cricket makes history as first ICC full member to launch overseas franchise
The New Zealand Cricket's franchise in the Major League Cricket (MLC) will be launched in partnership with American company True North Sports Ventures. read more New Zealand Cricket will have team in the Major League Cricket. Image: Reuters New Zealand Cricket (NZC) said on Wednesday it has agreed terms with American company True North Sports Ventures (TNS) to launch a new Major League Cricket (MLC) franchise that will debut in the 2027 season. NZC said it would be a 'first-of-its-kind agreement' between a full member of the International Cricket Council and a franchise of a professional cricket league, with TNS looking at Toronto and Atlanta among other cities to base the franchise. STORY CONTINUES BELOW THIS AD Details on New Zealand Cricket's MLC investment NZC will provide 'high-performance and operational support' which includes coaching, management and support staff for the Twenty20 tournament which had its inaugural edition staged in 2023. 'As franchise cricket grows globally, NZC needs to adapt to seize strategic opportunities that ensure the sustainability of our cricket network,' NZC chief executive Scott Weenink said in a statement. 'This helps diversify our revenue streams, expands our global brand and fan base, and creates new talent development and retention pathways for both our players and coaches.' MLC currently has six teams based in Los Angeles, New York, San Francisco, Seattle, Texas and Washington DC. They plan to expand to eight teams by 2027 and 10 by 2031. NZC also said it has the opportunity to partner with MLC co-founders Sameer Mehta and Vijay Srinivasan on other opportunities, which include a second franchise planned for 2031.
BBC News
23-04-2025
- Business
- BBC News
MLC to expand with investment from New Zealand Cricket
A new Major League Cricket franchise team will launch in 2027 with direct investment from New Zealand Cricket (NZC).Terms have been agreed between NZC and a US-based consortium True North Sports Ventures (TNS) in what will be an unprecedented overseas franchise investment for a national governing body.A statement from NZC said they will provide "high-performance and operational support" to the new MLC franchise "including coaching, management, and support staff, as well as integrating the franchise into NZC's domestic high-performance ecosystem".TNS will be headed up by MLC co-founders Vijay Srinivasan and Sameer Mehta and include backers such as the 49ers Enterprises, the investment wing of the NFL's San Francisco name and home city of the new franchise has yet to be decided although Atlanta in Georgia and the Canadian city of Toronto are both under will also have the option to invest in a second MLC franchise, earmarked for 2031."As franchise cricket grows globally, NZC needs to adapt to seize strategic opportunities that ensure the sustainability of our cricket network," said NZC chief executive Scott Weenink."This helps diversify our revenue streams, expands our global brand and fan base, and creates new talent development and retention pathways for both our players and coaches."MLC launched in 2023 as a six-team tournament with this year's edition taking place between 12 June and 13 July across venues in Dallas, Florida and Oakland.
West Australian
23-04-2025
- Business
- West Australian
NZ to launch US Major League Cricket franchise in 2027
New Zealand Cricket (NZC) has agreed terms with American company True North Sports Ventures (TNS) to launch a new Major League Cricket (MLC) franchise that will debut in the 2027 season. NZC said it would be a "first-of-its-kind agreement" between a full member of the International Cricket Council and a franchise of a professional cricket league, with TNS looking at Toronto and Atlanta among other cities to base the franchise. NZC will provide "high-performance and operational support" which includes coaching, management and support staff for the Twenty20 tournament which had its inaugural edition in 2023. "As franchise cricket grows globally, NZC needs to adapt to seize strategic opportunities that ensure the sustainability of our cricket network," NZC chief executive Scott Weenink said in a statement on Wednesday. "This helps diversify our revenue streams, expands our global brand and fan base, and creates new talent development and retention pathways for both our players and coaches." MLC currently has six teams based in Los Angeles, New York, San Francisco, Seattle, Texas and Washington DC, and it plans to expand to eight teams by 2027 and 10 by 2031. NZC also said it has the opportunity to partner with MLC co-founders Sameer Mehta and Vijay Srinivasan on other opportunities, which include a second franchise planned for 2031.
Perth Now
23-04-2025
- Business
- Perth Now
NZ to launch US Major League Cricket franchise in 2027
New Zealand Cricket (NZC) has agreed terms with American company True North Sports Ventures (TNS) to launch a new Major League Cricket (MLC) franchise that will debut in the 2027 season. NZC said it would be a "first-of-its-kind agreement" between a full member of the International Cricket Council and a franchise of a professional cricket league, with TNS looking at Toronto and Atlanta among other cities to base the franchise. NZC will provide "high-performance and operational support" which includes coaching, management and support staff for the Twenty20 tournament which had its inaugural edition in 2023. "As franchise cricket grows globally, NZC needs to adapt to seize strategic opportunities that ensure the sustainability of our cricket network," NZC chief executive Scott Weenink said in a statement on Wednesday. "This helps diversify our revenue streams, expands our global brand and fan base, and creates new talent development and retention pathways for both our players and coaches." MLC currently has six teams based in Los Angeles, New York, San Francisco, Seattle, Texas and Washington DC, and it plans to expand to eight teams by 2027 and 10 by 2031. NZC also said it has the opportunity to partner with MLC co-founders Sameer Mehta and Vijay Srinivasan on other opportunities, which include a second franchise planned for 2031.
