Convergence Plus
Enterprise
Tuesday, January 19, 2021
Digital payment startup BharatPe raises Rs 139 crore debt from Alteria Capital, ICICI Bank

Founded by Ashneer Grover and Shashvat Nakrani in 2018, BharatPe offers merchants a single interface for all UPI apps like Paytm, PhonePe, Google Pay, BHIM, Mobikwik, Freecharge and others. It also facilitates loan facility for its merchant partners.

Fintech company BharatPe on Sunday said it has raised Rs 139 crore (about USD 20 million) in debt from venture debt firm Alteria Capital and ICICI Bank that will be used to strengthen its lending business and provide credit to merchants.

Founded by Ashneer Grover and Shashvat Nakrani in 2018, BharatPe offers merchants a single interface for all UPI apps like Paytm, PhonePe, Google Pay, BHIM, Mobikwik, Freecharge and others. It also facilitates loan facility for its merchant partners.

Speaking to PTI, BharatPe co-founder and CEO Ashneer Grover said Rs 90 crore in debt came from Alteria Capital, while the remaining Rs 49 crore was from ICICI Bank.

“We have raised funds from ICICI Bank at a competitive interest rate of less than 9 per cent. We are aggressively building our lending vertical and our loan book is currently at Rs 400 crore. “With this infusion, we can double down on our efforts and we expect the loan book to grow to Rs 700-750 crore by the end of March 2021,” he added.

Grover said BharatPe had set a target of disbursing Rs 1,000 crore of loans in 2020-21, of which Rs 800 crore has already been disbursed.

“The latest tranche of debt raised will help further build the lending business and enable credit for millions of businesses, across the length and breadth of India,” Grover said.

Last week, BharatPe raised Rs 60 crore in debt from Innoven Capital. With this, BharatPe has raised a total of Rs 199 crore (USD 28 million) in debt till date. It had said it plans to raise over Rs 5,000 crore in debt funding in the next two years to build its lending business.

“We have committed ourselves to provide USD 700 million of loans to small merchants and kirana store owners by March 2023 and are hoping to onboard more institutional debt partners in the near future,” he said.

Grover added that the company aims to become a digital bank that is the one-stop destination for merchants for all kinds of financial services and this tranche of funds will get things rolling. Merchants are the top priority for the company and it is committed to solving the credit problem for them, he said.

“The institutional debt raised will help catapult our lending business. We intend to raise close to USD 700 million of debt capital over the next two years… By March 2023, our aim is to be present in 300 cities and have the lending product available in 200 cities,” he added.

Grover said the company has already disbursed loans to more than one lakh merchants and aims to scale this up by 8-10 times and enable credit for a million kirana store owners in 2021.

Currently, serving over 50 lakh merchants across 65 cities, the company has grown business 30 times in 2019 and processed over six crore UPI transactions a month (annualised transaction processed value of over USD 7 billion).

BharatPe has raised close to USD 171 million in equity and debt till date. The company’s investors include Beenext, Sequoia, SteadView Capital, Ribbit Capital, Coatue Management LLC, Insight Partners, and Amplo. (Source: Financial Express)

Cisco reaches new deal to acquire Acacia for $4.5 billion

Cisco initially offered to acquire Acacia for $70 a share, or $2.6 billion in July 2019.

Networking giant Cisco has agreed to acquire Acacia for $115 per share in cash, or approximately $4.5 billion.

Acacia is a component supplier and maker of high-speed optical interconnect technology for networking systems.

Cisco initially offered to acquire Acacia for $70 a share, or $2.6 billion in July 2019. "I am delighted that Cisco and Acacia have decided to come together in this mutual deal," said Chuck Robbins, chairman and CEO, Cisco.

"We look forward to welcoming Raj and the Acacia team to Cisco to offer our customers world-class coherent optical solutions to power the Internet for the future," Robbins said in a statement on Thursday.

Upon completion of the acquisition, CEO Raj Shanmugaraj and Acacia employees will join Cisco's optics business.

Cisco and Acacia expect to complete the acquisition by the end of the first calendar quarter of 2021.

Last week, Acacia announced to terminate its merger agreement with Cisco after the company had failed to meet a set of closing conditions such as "obtaining necessary regulatory approvals within the timeframe contemplated by the merger agreement."

Cisco said it is committed to supporting Acacia's existing and new customers around the world that require industry-leading coherent optics, digital signal processing/photonic integrated circuit modules and transceivers for use in networking products and data centres.

"We maintain our strong conviction in the strategic benefits of joining the Cisco family and believe it will enable us to better support our existing customers, while reaching an expanded footprint of new customers globally," said Raj Shanmugaraj, president and CEO of Acacia.

Cisco said the acquisition will benefit its existing enterprise network portfolio. (Source: ETTelecom)

Samsung announces January 14 Galaxy Unpacked event; Galaxy S21 series incoming

Xiaomi’s Mi 11 will not ship with a charger inside box, CEO Lei Jun confirms As is usually the case, the Galaxy S21 series should arrive in India by the end of January or early February. Samsung will launch the Galaxy S21 series on January 14. Also possibly tagging along will be the company’s first canal-type—closed—TWS earbuds with ‘true’

ANC or active noise cancelation, Galaxy Buds Pro. Potentially everything about the Galaxy S21 series and Galaxy Buds Pro—including their January 14 launch date—has been leaked extensively over the last few months. Be that as it may, it’s always nice when things go official, and given that this will be one of the first high-profile events of the new year, there is still a lot to look forward to.

The Galaxy S21 series is already available for pre-order in the US. As is usually the case, the Galaxy S21 series should arrive in India by the end of January or early February. (Source: Financial Express)

Hyderabad-based Yitsol bets big on 5G, Internet of Things

Damages to telecom towersFive-year-old company is now focused on Industry 4.0 wherein it is looking to provide its solutions to not just telecom and manufacturing but also work with telecom application sectors like edtech

Even as the Covid-19 pandemic moved sectors to explore digitisation in a big way, technologies like 5G and Internet of Things (IoT) also paved way for industries like telecom and manufacturing to adopt digital route. These sectors need a solutions provider who can help them with device and telecom network management. One such company is Hyderabad-based Yitsol which provide IoT Device Management Solutions, Telecom Network & Resource Management Solutions to clients such as the Indian Army, AT&T, and Food Corporation of India.

The five-year-old company is now focused on Industry 4.0 wherein it is looking to provide its solutions to not just telecom and manufacturing but also work with telecom application sectors like edtech. The company has entered the 5G space and is helping telcos with testing and deployment. Similarly, it is working with manufacturing companies to deploy their IoT solutions in their production unit.

“For the last two to three years, there was a lot of discussion around digital transformation and this was heavily fuelled by pandemic. Now, enterprises have realised that they can work remotely and the second catalyst is 5G which is pushing enterprises to prioritise digitisation. Our major target is mid-size companies who would not go tier-1 solutions and 20 per cent of our focus is on newer technologies with IoT being major area for us,” said Amit Singh, CEO, Yitsol Telecom & IoT Labs.

On their expansion plans, Singh said that the company is planning to hire 10-40 people and is looking to increase its headcount by 50 people in another year. Currently, the company has a headcount of 100 people. In addition, the company is looking at offering its services in the US region as well and is planning to set up satellite offices in different regions. “In terms of clients, we have customers in Europe, Middle East and other regions and are looking at targeting countries like Maldives,” said Singh. (Source: Telangana Today)

Vodafone Group says no to infuse new equity in Voda Idea

HealthifyMe Vodafone Group has maintained its stance that it will not invest any fresh equity into Vodafone Idea NSE -3.98 %

“ Our position has not changed. Vodafone Group does not intend to put any new equity into Vodafone Idea,” said the UK headquartered telecom Group in an email statement to ET.

This comes on the back of the Indian telco’s announcement to raise funds of upto Rs 25,000 crore via a mix of debt and equity instruments in one or more tranches, which will be used to pay statutory dues and invest in network operations to take rivals.

Vodafone Group though is expected to infuse around Rs 6,600 crore as per pre-agreed merger terms. The British telco has already put in over Rs 1,800 crore under this arrangement, of a total corpus of Rs8,400 crore.

The telco needs funds to pay its adjusted gross revenue (AGR) of Rs 50,400 crore to the government. It can also look forward to income tax refunds, around Rs1600 crore from VIL's stake sale in the Indus Towers-Bharti Infratel merged entity and the sale of its fibre and data centre, which is estimated to generate $1.5-2.1 billion.

Currently, Vodafone Group holds 44.39% in the telco, with the Aditya Birla Group owing 27.66%. The company is laden with a debt of Rs 1.7 lakh crore, including statutory dues. (Source: Economic Times)

Airtel gradually reducing dependency on Huawei 4G; set to replace it with Ericsson

Airtel, Vodafone Idea, Tata Tele likely to pay AGR dues on Monday: DoT source Bharti Airtel is likely to replace Huawei with Sweden’s Ericsson for 4G network expansion and modernisation in the Rest of Tamil Nadu (RoTN) circle, people familiar with the matter said, as the Sunil Mittal-led telco takes gradual steps towards reducing dependency on the Chinese telecom gear maker.

Bharti Airtel is likely to replace Huawei with Sweden’s Ericsson for 4G network expansion and modernisation in the Rest of Tamil Nadu (RoTN) circle, people familiar with the matter said, as the Sunil Mittal-led telco takes gradual steps towards reducing dependency on the Chinese telecom gear maker.

“Without Rest of Tamil Nadu, Huawei will just have two Airtel circles. Airtel has already stopped giving packet core orders to Huawei for any capacity expansion,” a person said on condition of anonymity. “All such orders have gone to Ericsson.”

Ericsson, which is the second-largest vendor for Airtel, declined to comment. Queries sent to Huawei remained unanswered.

"Airtel has strong relationships with several partners. These partners work across all our domains, radio, core and transport,” an Airtel spokesperson said in a statement to ET.

Huawei had increased its involvement with the Airtel network in 2017 when it got Rajasthan and UP (West) on top of Karnataka and Rest of Tamil Nadu.

But it is now likely to be back to two, with the telecom major, with over 284 million users, in late 2019 having swapped Huawei’s gear with Ericsson’s in the Rajasthan circle. That came at a time when the pressure on Huawei was increasing, mainly from the US, for its alleged proximity to the Chinese government, leading to concerns over possible snooping.

And now, India too has made its security concerns around Huawei clear, especially in the wake of the heightened border tensions with China. New Delhi has already barred state-run carriers from sourcing equipment from Chinese companies Huawei and ZTE, and is believed to have informally nudged private telcos to replace Chinese equipment over time, without disrupting consumer services. Besides the US, even the UK recently banned the purchase of Huawei 5G equipment and said any such gear that’s installed needs to be removed by 2027.

Randeep Sekhon, chief technology officer at Bharti Airtel, previously told ET that alternative suppliers were available if needed. “We will be fully compliant with government orders… To be fair, there are enough suppliers in the world and new suppliers are coming in. India should be fine with it.”

The comments had come soon after the US tightened restrictions on the Chinese vendor, which meant that Taiwanese Semiconductor Manufacturing Co (TSMC), the world’s largest contract semiconductor maker, had to stop taking new orders from Huawei. This is expected to affect Huawei’s supplies globally, including to Indian vendors. (Source:ETTelecom)

Anritsu Extended 116-Gbit/s PAM4 Error Detector Functions Take World Lead in Evaluations for 400-GbE and 800-GbE Transmissions

HealthifyMe With the release of the FEC symbol capture function and Bathtub test capability for Anritsu's 116-Gbit/s PAM4 Error Detector (ED) MU196040B installed in its flagship Signal Quality Analyzer-R MP1900A series, Anritsu (President Hirokazu Hamada) is pleased to announce strengthened support for development of devices for 400-GbE*1 and 800-GbE*2 transmissions. These functions are supported by downloading and installing the latest control software from the MP1900A website - https://www.anritsu.com/test-measurement/products/mp1900a.

[Background]
The spread of commercial next-generation 5G mobile communications services enables faster sending and receiving of large video and data files. To support larger and faster transmissions, data centers, which are key infrastructure in 5G mobile networks, are also investigating speed upgrades from the current 100 GbE*3 to 400 GbE and future 800 GbE/1.6 TbE standards.

PAM4*4 used in 400 GbE is easily affected by noise and transmission path losses, making it difficult to achieve the previous level of error-free transmissions and requiring use of FEC (Forward Error Correction*5) to correct generated errors and maintain transmission quality.

Consequently, there is increasing need for quantitative measurement of jitter-related signal quality, such as jitter tolerance*6 measurement for evaluating the performance of high-speed devices and transceivers for 400-GbE.

[Outline of Developed Product]
To meet this need and support 400G network evolution, Anritsu has added two new features to its MP1900A: the FEC symbol capture function to evaluate FEC-based network elements, and the PAM4 Bathtub*7 test capability.

In today’s high-speed networks, some low-probability errors are expected in data traffic and these errors are corrected using FEC. The new MP1900A ED functions analyze the types of errors to evaluate whether or not the errors can be corrected by FEC and starts capturing data streams only when the burst errors exceed the FEC uncorrectable threshold. From the captured data, a user can determine and troubleshoot what kind of data steam caused the uncorrectable burst errors.

Since the impact of jitter becomes severe as the data-stream baud rate is increased to achieve a higher traffic capacity, Anritsu has added the PAM4 Bathtub test capability to evaluate and quantify the jitter phase margin.

The modular MP1900A running embedded Windows 10 has good expandability. As well as supporting 400-GbE and 800-GbE PAM4, it is a market-leading bit error rate tester (BERT) for various high-speed interfaces, including PCI Express Gen5 and USB4, using a full line of modules and application software. In addition to more accurate BER measurements, the MP1900A helps shorten development times for high-speed devices and transceivers.

[About MP1900A PAM4 BERT Solution]
https://www.anritsu.com/en-IN/test-measurement/solutions/hs-pam4-ber/index [About leaflet on FEC symbol capture function]

https://www.anritsu.com/en-IN/test-measurement/support/downloads/brochures-datasheets-and-catalogs/dwl20151

[Target Markets and Applications]
■ Target Markets: 400-GbE and 800-GbE communications equipment and device makers
■ Applications: Bit error rate evaluation of 400-GbE and 800-GbE communications equipment and devices
[Terms]
*1, *2, *3 400 GbE, 800 GbE, 100 GbE
Communications standards studied and defined by IEEE
*4 PAM4
PAM (Pulse Amplitude Modulation) is a transmission method controlled by changing the voltage amplitude (pulse height). PAM4 transfers 2 bits of data using 4 levels in one time slot.
*5 Forward Error Correction
One receiver-side method of correcting errors in transmitted data generated by transmission path *6 Jitter Tolerance
Ability to receive signals including jitter in input signal at receiver side *7 Bathtub
Method of analyzing jitter by separating jitter components included in input signal from changing properties of error rate on time axis (Source: Convergence Plus)

Tiktok Considers London And Other Locations For Headquarters To Distance Itself From Its Chinese Ownership

HealthifyMe TikTok has been in discussions with the UK government over the past few months to locate its headquarters in London, a source familiar with the matter said, as part of a strategy to distance itself from its Chinese ownership.

London is among one of several locations the company is considering, but no decisions have been made, the source said.

It was not immediately clear what other locations are under consideration. But it has hired aggressively in California this year, including poaching Kevin Mayer, a former Walt Disney Co executive, to be TikTok’s chief executive. He is based in the United States.

TikTok is facing heavy scrutiny in Washington over suspicions China could force the company to turn over user data. TikTok is owned by China-based ByteDance.

The source said the company is largely focused on its issues in the United States over the last few weeks, but has not ruled out London as a potential location for its new headquarters. TikTok is expected to "significantly" increase the size of its workforce in London and other key locations outside of China over the next several years, the source said.

The Sunday Times reported https://bit.ly/2ZHlI1Z Tiktok has broken off talks with the UK government to open a global headquarters in Britain.

A source said Tiktok was still in discussions with Britain's government.

TikTok declined to comment. (Source: Economic Times)

Qualcomm To Invest ₹730 Crore In Jio Platforms

Airtel, Vodafone Idea, Tata Tele likely to pay AGR dues on Monday: DoT source Qualcomm Ventures, the investment arm of chipmaker Qualcomm Incorporated, has committed to invest up to ₹730 crore in Jio Platforms for 0.15 per cent stake. Qualcomm is the thirteenth investor in Jio Platforms which has raised a total of over ₹1.18 lakh crore.

The latest investment will deepen the ties between Qualcomm and Jio Platforms, to support Jio Platforms on its journey to rollout advanced 5G infrastructure and services for Indian customers.

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said, “As a world leader in wireless technologies, Qualcomm offers deep technology knowhow and insights that will help us deliver on our 5G vision and the digital transformation of India for both people and enterprises.”

Steve Mollenkopf, CEO of Qualcomm Incorporated, said, “With our shared goal of extending the benefits of digital connectivity to everyone and everything, we anticipate Jio Platforms will deliver a new set of services and experiences to Indian consumers.”

The transaction is subject to customary conditions precedent. Morgan Stanley was the financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell were legal counsels. Trilegal was legal counsel for Qualcomm Ventures. (Source: The Hindu Businessline)

Anritsu Expands High-frequency Components Line to Address Emerging High-speed Design Test Requirements

HealthifyMe New 110 GHz W1 Components Extend Anritsu’s Portfolio and Help Create Test Environments to More Accurately Verify mmWave and Optical Designs. Anritsu Company expands its W1 (1.0 mm) component line with the introduction of bias tees, DC block, and semi-rigid cables that operate to 110 GHz and provide broadband frequency scalability in high-frequency device characterization and optical networking applications.

The addition of the new W1 components provides Anritsu with the broadest millimeter wave (mmWave) coaxial component portfolio in the market, and they can be integrated in test systems so engineers have greater confidence in their emerging high-speed designs.

W1 Components Support High Frequencies
Anritsu’s component technology leadership in mmWave frequencies is re-enforced with the introduction of the W1 components. No other company has a more complete set of 110 GHz components for frequency and time domain use.

With operable frequency of DC to 110 GHz, the new W1 components generate metrology-grade quality results with high repeatability. Further ensuring flexibility for customer testing, these new components provide a component solution where conventional devices, including waveguide, do not exist. The W1 coaxial interface allows for a direct connection to the instrument test port, which saves time and simplifies system setup.

The new components can be used as part of a test system consisting of 110 GHz vector network analyzers (VNAs), oscilloscopes and Bit Error Rate Testers (BERTs), as well as for optical transceivers, laser diodes, photodiodes and optical modulators. Development of switches and routers using NRZ and PAM4 modulation schemes with 56 Gbps and 112 Gbps data rates, and 800G technology are applications, as well. (Source: Convergence Plus)

Mark Zuckerberg loses $7 billion as firms boycott Facebook ads

HealthifyMe Mark Zuckerberg just became $7.2 billion poorer after a flurry of companies pulled advertising from Facebook Inc.’s network. Mark Zuckerberg just became $7.2 billion poorer after a flurry of companies pulled advertising from Facebook Inc.’s network. Shares of the social media company fell 8.3% on Friday, the most in three months, after Unilever, one of the world’s largest advertisers, joined other brands in boycotting ads on the social network. Unilever said it would stop spending money with Facebook’s properties this year.

The share-price drop eliminated $56 billion from Facebook’s market value and pushed Zuckerberg’s net worth down to $82.3 billion, according to the Bloomberg Billionaires Index. That also moved the Facebook chief executive officer down one notch to fourth place, overtaken by Louis Vuitton boss Bernard Arnault, who was elevated to one of the world’s three richest people along with Jeff Bezos and Bill Gates.

Companies from Verizon Communications Inc. to Hershey Co. have also stopped social media ads after critics said that Facebook has failed to sufficiently police hate speech and disinformation on the platform. Coca-Cola Co. said it would pause all paid advertising on all social media platforms for at least 30 days.

Zuckerberg responded Friday to the growing criticism about misinformation on the site, announcing the company would label all voting-related posts with a link encouraging users to look at its new voter information hub. Facebook also expanded its definition of prohibited hate speech, adding a clause saying no ads will be allowed if they label another demographic as dangerous. "There are no exceptions for politicians in any of the policies I’m announcing here today," Zuckerberg said. (Source: Economic Times)

Google ends trial of algorithm-selected photo printing service

Pre-Bookings open for Samsung Galaxy S20, S20+, and S20 UltraGoogle is all set to end its trial program of a subscription-based service that sent algorithm-selected prints from their Google Photos libraries, Droid Life reported. The service was launched in February in the United States. Google charged a monthly fee of $7.99 that gave 10 4x6 prints of the past 30 days.

The printing service allowed users to choose which themes the service should prioritize in selecting the prints, offering “people and pets,” “landscapes,” and “a little bit of everything” as options. Users were able to edit the selections before the photos were printed, Verge reported. Google sent a notice to subscribers that the service would not be available after June 30th, according to Droid Life.

Relaunch or shelving of service
The tech giant stated: “Thank you for your invaluable feedback these last several months. You have provided us with a lot of helpful information about how we can evolve this feature, which we hope to make more widely available. Please keep your eyes open for future updates.”

“Although we will be ending the trial program, we hope that you have experienced some joy from the prints you received along the way,” it said.

Google was not forthcoming about the relaunch of the service, or if it’s being shelved indefinitely. (source: The Hindu Businessline)

Jio Platforms to raise another Rs 6441.3 crore by selling stakes to TPG, L Catterton

HealthifyMe While TPG is set to invest Rs 4,546 cr in Jio for a 0.93% stake, L Catterton will invest Rs 1,894 cr to pick up 0.39%. Jio Platforms is set to raise another Rs6441.3 crore by selling a combined 1.32% to US private equity firms TPG and L Catterton. These are the eighth and ninth investors, respectively, to announce picking up stake in the Reliance Industries’ (RIL) telecom and digital business in seven weeks.

While TPG is set to invest Rs 4,546.80 crore in Jio Platforms for a 0.93% stake, L Catterton will invest another Rs1,894.50 crore to pick up 0.39%.

The investments peg Jio Platforms’ equity value at Rs 4.91 lakh crore and enterprise value at Rs 5.16 lakh crore. With the latest investments, parent Reliance Industries stands to get Rs 104,326.95 crore from the nine investors in exchange for 22.38% stake, the group said in a statement Saturday.

The funds coming from stake sales in Jio Platforms and the Rs 53,124 crore from a rights issue will help lower Reliance’s consolidated net debt significantly from Rs 1.61 lakh crore at the end of FY20. Reliance is now well placed to meet its zero net-debt target by March 2021, analysts said.

“Today, I am happy to welcome TPG as valued investors in our continued efforts towards digitally empowering the lives of Indians through the creation of a digital ecosystem. We have been impressed by TPG’s track record of investing in global technology businesses which serve hundreds of millions of consumers and small businesses, making the societies we live in better,” Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said in the statement.

The Jio Platforms unit comprises mostly its telecom business under Reliance Jio Infocomm, which is the largest in the country with more than 388 million subscribers, besides other digital properties and investments. Reliance, which is trying to transform into a consumer technology giant from an oil and petrochemicals major, has talked about building Jio Platforms into a digital entity on the lines of Alphabet and Tencent.

TPG is a leading global alternative asset firm founded in 1992 with more than $79 billion of assets under management across a wide range of asset classes, including private equity, growth equity, real estate and public equity. Its investments in global technology companies include Airbnb, Uber, and Spotify, among others.

“We are excited to partner Reliance to invest in Jio. As an investor in growth, change, and innovation for over 25 years – and with a longstanding presence in India -- we are excited to play an early role in Jio's journey as they continue to transform and advance India's digital economy. Jio is a disruptive industry leader that is empowering small businesses and consumers across India by providing them with critical, high-quality digital services,” Jim Coulter, Co-CEO TPG, said in the statement.

“The company is bringing unmatched potential and execution capabilities to the market, setting the tone for all technology companies to come,” he added.

TPG is making the investment from its TPG Capital Asia, TPG Growth, and TPG Tech Adjacencies (TTAD) funds.

“The transaction is subject to customary conditions precedent,” RIL said in one of the statements.

Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels. Shardul Amarchand Mangaldas & Co. acted as legal counsel for TPG.

Morgan Stanley also acted as the financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels, on the L Catterton deal.

On the investment from consumer focussed PE firm L Catterton, Ambani said, “I am delighted to welcome L Catterton as a partner in our journey to unleash the power of digital for India while providing a consumer experience that is among the best in the world. I particularly look forward to gaining from L Catterton’s invaluable experience in creating consumer-centric businesses because technology and consumer experience need to work together to propel India to achieving digital leadership”.

Founded in 1989, L Catterton has a 30-year track record of leveraging its operational expertise, deep sector insights, global network of resources, and its unique partnership with LVMH and Groupe Arnault, L Catterton has successfully invested in and helped build some of the most innovative brands at the forefront of the evolving consumer landscape, including Peloton, Vroom, ClassPass, Owndays, FabIndia, and more.

“We are strong supporters of fostering growth through product development, enhanced digital capabilities and strategic alliances. We look forward to partnering with Jio, which is uniquely positioned to execute on its vision and mission to transform the country and build a digital society for 1.3 billion Indians through its unmatched digital and technological capabilities,” Michael Chu, Global Co-CEO of L Catterton, said.

Other investors so far besides TPG and L Catterton, have been Abu Dhabi’s two largest sovereign investment arms Abu Dhabi Investment Authority and Mubadala, private equity firms Silver Lake, Vista Equity Partners, General Atlantic and KKR, and social media major Facebook, which has picked up the largest chunk of 9.99% for nearly Rs44,000 crore. (Source: Economic Times)

Anritsu Partners with Bluetest AB for 5G FR1/FR2 OTA Measurements

HealthifyMe Anritsu Corporation is pleased to announce its enhanced partnership with Bluetest AB of Sweden offering a new unified test solution for Over The Air (OTA) measurement of 5G mobile terminals.

Anritsu and Bluetest have cooperated previously on LTE/5G FR1 (Sub-6 GHz band) OTA measurements, but this enhanced partnership combines Bluetest's RTS65 OTA Reverberation Test System equipped with the new Compact Antenna Test Range (CATR) option and Anritsu's MT8000A RF measurement test platform for 5G mobile terminals to implement new 5G FR2 (mmWave) OTA measurements.

Generally, a separate OTA chamber was required for each LTE/5G FR1 and 5G FR2 OTA measurement, but this unified solution facilitates both measurements using just one chamber, resulting in lower costs for LTE/5G terminal developers as well as for operator Communication Acceptance Tests (CAT) in a LTE/5G OTA test environment; the unified smaller system also saves valuable laboratory space.

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