<ul><li><keyword id="6367884" type="General" weightage="100" keywordseo="tpg" source="Orion">TPG</keyword> also announced that it will infuse an additional equity of up to ₹1,000 crore in the housing finance company in the near term.</li><li><keyword id="13929080" type="General" weightage="80" keywordseo="poonawalla-housing-finance" source="Orion">Poonawalla Housing Finance</keyword> (PHFL) currently has over 153 branches spread across 20 states.</li></ul>US-based private equity major TPG has agreed to acquire the housing finance arm of Adar Poonawalla-led <keyword id="12015054" type="General" weightage="50" keywordseo="poonawalla-fincorp" source="Orion">Poonawalla Fincorp</keyword> at ₹3,900 crore valuation. TPG also said it will infuse an additional equity of up to ₹1,000 crore in Poonawalla Housing Finance in the near term. In its press release, TPG said the existing management team led by Manish Jaiswal will continue to carry out the operations. Poonawalla Housing Finance (PHFL) currently has over 153 branches spread across 20 states. At the end of September quarter, the company had assets under management (AUM) worth ₹5,612 crore. It reported a profit after tax (PAT) of ₹33 crore in the September quarter, with a 33% year-on-year growth. “As India’s leading affordable housing finance provider, PHFL is uniquely positioned to grow in the fast-expanding affordable housing sector, which we believe is one of the most resilient asset classes across interest rate cycles,” said <keyword id="253862" type="General" weightage="50" keywordseo="puneet-bhatia" source="Orion">Puneet Bhatia</keyword>, co-managing partner of TPG Capital Asia. Poonawalla Housing Finance joins TPG’s portfolio of financial services companies in Asia, which includes Kakao Bank, Singlife, Five Star Business Finance, and Du Xiaoman Financial. “We have full confidence that it (PHFL) will continue to make a strong contribution to the affordable housing sector with our new partnership with TPG. As a global leading investment firm, TPG’s experience in building and supporting leading financial services companies will add greater value to PHFL,” said <keyword id="383467" type="General" weightage="80" keywordseo="adar-poonawalla" source="Orion">Adar Poonawalla</keyword>, chairman of Poonawalla Group. PHFL currently offers home loans starting at 9.55% per annum. It has disbursed over 50,000 loans till date and offers credit for home construction, extension, improvement and balance transfer. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/how-many-startups-turned-unicorns-in-2022-in-india-check-out-the-list/articleshow/96248261.cms">New Indian unicorns get rarer in 2022 as funding winter sets in</a> <a href="https://www.businessinsider.in/international/news/fugitive-diamantaire-nirav-modi-loses-bid-in-uk-court-against-extradition-to-india/articleshow/96254106.cms">Fugitive diamantaire Nirav Modi loses bid in UK court against extradition to India</a> <a href="https://www.businessinsider.in/business/news/reliance-consumer-products-launches-fmcg-brand-independence/articleshow/96253971.cms">Isha Ambani announces the launch of Reliance's new FMCG brand, Independence</a>

TPG to acquire Adar Poonawalla-led group’s housing finance arm at ₹3,900 crore valuation

<ul><li><keyword id="1600133" type="General" weightage="20" keywordseo="fractal" source="Orion">Fractal</keyword> offers artificial intelligence (AI) and analytics solutions to several Fortune 500 firms in the world.</li><li>TPG’s Puneet Bhatia and Vivek Mohan will join <keyword id="1717806" type="General" weightage="20" keywordseo="fractal-analytics" source="Orion">Fractal Analytics</keyword>’ board of directors.</li><li>The company has raised $685 million in fundraise to date.</li></ul>Mumbai and San Francisco-based Fractal has raised $360 million in funding from private equity investors TPG. The investment would be made through TPG’s Asia-focused private equity platform TPG Capital Asia. The 21-year-old company has been valued at over $1 billion after this round, the company’s cofounder and group chief executive (CEO) Srikanth Velamakanni, said. The company has raised $685 million in fundraise to date. The transaction is expected to close by the first quarter of 2022, and includes both primary as well as secondary share purchases. TPG’s Puneet Bhatia and Vivek Mohan will join Fractal Analytics's board of directors. The company’s board currently includes Salesforce’s Gavin Patterson, Apax Partners Rohan Haldea, Apax Partners Shashank Singh and Kae Capital Gulu Mirchandani. It was founded by Indian Institute of Management-Ahmedabad graduates Velamakanni, Pranay Agrawal, Nirmal Palaparthi, Pradeep Suryanarayan and Ramakrishna Reddy. Fractal offers artificial intelligence (AI) and analytics solutions — such as marketing analytics, forecasting, pricing and promotion optimisation services and consumer insights — to several Fortune 500 firms in the world, which typically have a revenue of $10 billion. The company claims to earn $100 million in annual revenue. The company’s offering includes smart radiology solution <keyword id="6327028" type="General" weightage="20" keywordseo="qure-ai" source="Orion">Qure.ai</keyword>, investment aid Theremin.ai and data analytics platform Eugenie.ai, revenue growth management company <keyword id="12887249" type="General" weightage="20" keywordseo="samya-ai" source="Orion">Samya.ai</keyword> and customer management company Senseforth.ai. "We continue to see great momentum in how clients are leveraging AI to accelerate digital transformation. Fractal is building a great workplace and an innovative culture that's driving significant client outcomes through our ‘user focused, decision-backwards’ approach to solving problems," said Srikanth Velamakanni, cofounder, group chief executive officer, Fractal Analytics. It employs over 3,500 individuals across India, Ukraine, UK, US, Australia and Singapore.. SEE ALSO <a href="https://www.businessinsider.in/business/startups/news/amazon-backed-good-glamm-group-will-invest-200-crore-in-influencer-marketing/articleshow/88690749.cms" data-type="tilCustomLink">Amazon-backed Good Glamm Group acquires 2 more startups, intends to invest ₹200 crore to boost influencer marketing</a> <a href="https://www.businessinsider.in/business/telecom/news/elon-musks-starlink-faces-its-first-setback-in-india-even-before-launch/articleshow/88702976.cms" data-type="tilCustomLink">Elon Musk’s Starlink faces its first setback in India even before launch</a> <a href="https://www.businessinsider.in/tech/enterprise/news/infosys-is-expected-to-set-the-bar-slightly-higher-for-tcs-hcl-tech-and-others/articleshow/88703083.cms" data-type="tilCustomLink">Infosys is expected to set the bar slightly higher for TCS, HCL Tech and others</a>

AI startup Fractal is now a unicorn after raising $360 million funding from TPG

<ul><li><keyword id="746871" type="General" weightage="100" keywordseo="fastrack" source="Orion">Fastrack</keyword> started out with a bang. Its maiden tagline, ‘Move On’ has always moved perfectly with changing times and helped the brand carve out a niche for itself by representing the ever-evolving youth of the country.</li><li>After 13 years of existence, Fastrack has announced a new brand proposition.</li><li>In its latest campaign conceptualised by <keyword id="274876" type="General" weightage="20" keywordseo="lowe-lintas" source="Orion">Lowe Lintas</keyword> Bangalore, Fastrack addresses the issues of moving identity, beyond the binaries of Gen Z, with various communication approaches.</li><li>Ajay Maurya, Marketing Head, Fastrack walks us through the campaign idea, shares how it all came together, the thought behind adopting a new proposition and larger goals for the brand.</li></ul>Fastrack was one of the very first brands in India to show a lesbian couple in its mass advertisement titled ‘The Closet,’ in 2013. The ad encouraged the youth to come out of their closet of comfort and speak up, metaphorically. <div type="Youtube" id="fmk9D53G6F8" title="Fastrack - The Closet" thumbUrl="https://i.ytimg.com/vi/fmk9D53G6F8/mqdefault.jpg"></div> Since its inception, Fastrack has catered to youth and moved gracefully ahead with changing times. Its campaigns, time and again, have proven how the brand isn’t bogged down or defeated by society's rules. <div type="Youtube" id="i-QUdDHcIcs" title="FASTRACK LOCKER 20" thumbUrl="https://i.ytimg.com/vi/i-QUdDHcIcs/mqdefault.jpg"></div> The watch and accessories brand is now ‘moving on’ from its earlier brand proposition and taking on a new positioning statement, ‘You Do You.’ Conceptualised by Lowe Lintas Bangalore, Fastrack’s new campaign will talk about staying comfortable in your skin, being positive about your body and individual experiences of self-love. With this, Fastrack aims to represent the uninhibited expression of youth’s identity, which is label-less and free, that refuses to be locked into any templates or boxes. <div type="Youtube" id="0VGpbNQufjc" title="Own Your Inches - #FastrackYouDoYou" thumbUrl="https://i.ytimg.com/vi/0VGpbNQufjc/mqdefault.jpg"></div> In its first ad, the brand tells a story of a contemporary couple who meet through an online dating app. After she swipes right on him, the guy checks out her profile and goes into her DM and asks, “You are 6 feet tall?” Savagely, she responds with a picture of her heels and says, “She is 6’3” and he replies, “Promise to always look up to you.” The tagline takes over the screen, “Own your inches. You do you.” People who identify as women or gender fluid have spent years trying to unlearn the daunting thought of “Log kya kahenge” (what will people say). We have been conditioned to hate what’s natural and have grown up surviving through a love-hate relationship with our bodies. Fastrack’s endeavor, with its latest campaign and brand ethos, is to encourage the young demographic to accept themselves as they are and love their different, unique kinds of bodies. Sharing the idea behind ‘You Do You,’ Ajay Maurya, Marketing Head, Fastrack said, “With this campaign, our goal is to capture the youth’s pulse and represent their ever-evolving choices. The ‘Fastrack - You Do You’ campaign introduces the manifesto for the youth and identifies with their fluidity, encouraging them to be true to themselves. To begin with, the subject highlighted under ‘Fastrack – You do You’ is about body celebration and positivity, since body-shaming today is a big concern for youth. The brand is launching multiple films in its typical fun and humorous style that take up tensions faced by them, thus encouraging them to be comfortable under their skin.” It is after 13 years of its existence that Fastrack has changed its brand proposition. Telling us why Maurya felt now was the right time, he said, “As the world around us evolved, so did our audiences. Even though our target audience segment largely remains the same i.e. 17-22 year olds, the youth, GenZ of today, their concerns, the things that matter to them, people they love, their identities are starkly different from the youth of the past decades. We believe it is time to represent this youth of today with new resonance and arrived at the new brand positioning.” The brand’s advertising will be focused primarily on digital media, driven by interactive communication. This will be followed by placements on TV, print and OOH. “We feel that Digital is the best platform to have conversations with the Gen Z, especially for a campaign like ‘You Do You’ which is all about them, and their unbridled spirit of self. The major evolution in recent years has been the shift towards Digital. Digital remains the prime focus area in our media planning as the audience is a digital-native generation. Digital allows for regular, interactive and engaging communication where the viewer is not a bystander to the conversation – they become central to it, and get to place their opinion forward. These direct and open conversations are what energise Fastrack. We are also looking at new age platforms to meet our audiences where they are. Our aim is to strike a new conversation every day and keep them engaged with us,” shared Maurya. For the last quarter of this year, Fastrack will focus on promoting its new brand philosophy with a 360-degree campaign and focus on shaping the ‘Fashtech’ industry. Sharing the larger vision for the brand and focus areas for this quarter, Maurya said, “Fastrack as a brand takes pride in being the voice of the youth and has been for decades. The vision for the brand is to continue to address the needs of this ever-evolving target audience through our products as well as communication. Apart from that, new designs and casual fashion-led watches are in the pipeline for the next few months. These launches are on the premise that youngsters are back on the lookout for fashionable options as they return to colleges, work, vacations, parties and hangouts. Another focus area is the fashtech segment where we will be introducing new designs of smartwatches and audio devices, under the sub brand Reflex. It is a journey to take our products from being just fitness devices to being fashionable multi-functional offerings.” Campaign credits: Agency: Lowe Lintas, Bangalore Planning team: Kishore Subramanian, Easo John, Namrata Sukumar Account management team: Sonali Khanna, Bhupender Agarwal, Radhika Bhattacharya, Srishti Mehrotra Creative team: Puneet Kapoor, Nishant Pratap, Sageetha Shirali, Richa Jain, Hamza Bhavnagarwala, Diti Golder Director: Aakash Bhatia Production House: LoudMouth

Fastrack decides to ‘move on’ from its iconic brand tagline; launches a new brand positioning ‘You do you’ to celebrate body positivity and self-expression

<img class="gwt-Image" src="/photo/50265176.cms" /> <keyword id="1671" type="PERSON" weightage="100" keywordseo="Shah-Rukh-Khan">Shah Rukh Khan</keyword> is not called the wittiest actor for nothing. In a recent conversation that he had with one of his twitter followers, he proved once again, why he is what he is. 
 
Khan’s latest release <a href="http://www.businessinsider.in/Dilwales-trailer-is-a-riot/articleshow/49735945.cms">Dilwale</a>, even after earning a lot of money in the opening weekend, has not earned much praises from fans and critics. However, the actor seems to be as unperturbed as he could be. Yesterday, Shah Rukh Khan held a Twitter QnA session, called <keyword id="3179037" type="UNKNOWN" weightage="100" keywordseo="asksrk">AskSRK</keyword>, that trended for a good few hours, given the number of followers he has on social media platform. It was during this session of AskSRK that some followers decided to test Khan’s patience. 
 
One follower asked Khan when he would learn acting, hinting at his performances in the last few releases viz. Happy New Year and Chennai Express, as well as <keyword id="1665132" type="UNKNOWN" weightage="100" keywordseo="Dilwale">Dilwale</keyword>. 
 
<blockquote class="twitter-tweet" data-conversation="none" lang="en">
	
		<a href="https://twitter.com/PoojaMissra">@PoojaMissra</a> <a href="https://twitter.com/iamsrk">@iamsrk</a> When will u learn acting <a href="https://twitter.com/hashtag/AskSRK?src=hash">#AskSRK</a> 😅😅
	— Sumeet Bhatia (@sumeetbhatia_11) <a href="https://twitter.com/sumeetbhatia_11/status/678172951846481920">December 19, 2015</a></blockquote>
<script async="" src="//platform.twitter.com/widgets.js" charset="utf-8"></script> 
To this, Khan replied 
 
<blockquote class="twitter-tweet" lang="en">
	
		U never learn acting till you die...it's not multiples and formulae <a href="https://t.co/a2lDrYn2NW">https://t.co/a2lDrYn2NW</a>
	— Shah Rukh Khan (@iamsrk) <a href="https://twitter.com/iamsrk/status/678177317256957952">December 19, 2015</a></blockquote>
<script async="" src="//platform.twitter.com/widgets.js" charset="utf-8"></script> 
Smart, we must admit. 
 Another follower, a self-claimed fan of <keyword id="6359862" type="ORGANIZATION" weightage="100" keywordseo="SRK">SRK</keyword>, tried to give him his two cents. 
 
<blockquote class="twitter-tweet" data-conversation="none" lang="en">
	
		<a href="https://twitter.com/iamsrk">@iamsrk</a> If u keep on doing movies like this u are going to lose the huge fan following that u have..(I m d biggest one).plz sir 4 God's sake
	— Nabajyoti Dash (@Nabajyoti_Dash) <a href="https://twitter.com/Nabajyoti_Dash/status/678166747246157824">December 19, 2015</a></blockquote>
<script async="" src="//platform.twitter.com/widgets.js" charset="utf-8"></script> 
 To this, Khan said, “thanks but no thanks” in his own manner. 
 
<blockquote class="twitter-tweet" lang="en">
	
		Sorry u feel this way but as an actor / star I like doing all kind of genres <a href="https://t.co/zt9mPIyxX0">https://t.co/zt9mPIyxX0</a>
	— Shah Rukh Khan (@iamsrk) <a href="https://twitter.com/iamsrk/status/678169313870647296">December 19, 2015</a></blockquote>
<script async="" src="//platform.twitter.com/widgets.js" charset="utf-8"></script> 
Did you see the /star he used in his tweet, way to mention that at his repute, he isn’t going to pay heed to what a handful of people think. 
 
The recent honorary doctorate that he received from Edinburgh University and the mind-blowing <a href="http://www.businessinsider.in/Must-Read-Lessons-on-life-from-Doctor-Shahrukh-Khan/articleshow/49410600.cms">speech that followed</a> was taken into account as well. 
 
<blockquote class="twitter-tweet" lang="en">
	
		<a href="https://twitter.com/iamsrk">@iamsrk</a> <a href="https://twitter.com/hashtag/AskSRK?src=hash">#</a><a href="https://twitter.com/hashtag/AskSRK?src=hash">AskSRK</a>-ur lectures in iim,n various other prestigious institutes cant conform to d standards of excellence in ur film.y respected s
	— puneet shukla (@punnu_shuku) <a href="https://twitter.com/punnu_shuku/status/678168620669665280">December 19, 2015</a></blockquote>
<script async="" src="//platform.twitter.com/widgets.js" charset="utf-8"></script> 
And as usual, Khan used his power of words to answer this question. 
 
<blockquote class="twitter-tweet" lang="en">
	
		My lectures are to motivate my films are for entertainment. The mix of two happens seldom <a href="https://t.co/DKhVLrUdht">https://t.co/DKhVLrUdht</a>
	— Shah Rukh Khan (@iamsrk) <a href="https://twitter.com/iamsrk/status/678172521821147136">December 19, 2015</a></blockquote>
<script async="" src="//platform.twitter.com/widgets.js" charset="utf-8"></script> 
For the record, Dilwale earned more than Rs 40 crores in the opening weekend, while <keyword id="6391813" type="UNKNOWN" weightage="100" keywordseo="Bajirao-Mastani">Bajirao Mastani</keyword>, <keyword id="6358308" type="PERSON" weightage="100" keywordseo="sanjay-leela-bhansali">Sanjay Leela Bhansali</keyword>’s magnum opus that released on the same day, has crossed Rs 28 crores as its opening weekend earning. That being said, critics and fans are all praises for the latter, and actors <a href="http://www.businessinsider.in/Special-appearances-a-thing-of-the-past-Ranveer-Singh-findsa-new-way-to-promote-Bajirao-Mastani/articleshow/49948861.cms">Ranveer Singh</a>, <a href="http://www.businessinsider.in/Deepika-Padukone-thought-Irrfan-Khan-would-look-down-upon-her-Know-why/articleshow/47185916.cms">Deepika Padukone</a> and <a href="http://www.businessinsider.in/Priyanka-Chopra-touches-the-four-million-mark-on-Instagram-Thanks-fans-with-a-special-poster/articleshow/49997136.cms">Priyanka Chopra</a> are collecting accolades for their earnest performances in the historical fiction. 
 
<a href="http://d30opejq2nzots.cloudfront.net/wp-content/uploads/2015/11/02113723/Shah-Rukh-Khan.jpg">Image source</a>

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