Mumbai (Maharashtra) [India]: Ananta Capital, backed by the Mumbai-based Taparia family, has made a significant strategic investment in Bacca Bucci, one of India’s fastest-growing sneaker brands. This marks a significant milestone in Bacca Bucci’s journey, propelling its vision to enhance product innovation, strengthen its digital-first approach, expand into offline retail distribution, and drive global growth.

Founded in 2013 by Natwar Agrawal and Anuj Nevatia, Bacca Bucci has transformed from a challenger brand into a dominant player in the casual sneaker market. With a strong focus on design, comfort, and affordability, the brand has built a loyal customer base among young, fashion-conscious consumers.

“Bacca Bucci has carved a strong position in the sneakers market, demonstrating impressive growth and brand recognition,” said Ashutosh Taparia and Sanjeev Taparia, Board Members at Ananta Capital. “We see tremendous untapped potential in this segment, and we are excited to collaborate with Anuj and Natwar to help Bacca Bucci scale to new heights.”

The company is poised to sustain its robust growth trajectory in the current financial year. The newly acquired capital will be allocated towards expanding product categories to appeal to a broader spectrum of sneaker enthusiasts and enhancing its omnichannel presence to effectively engage consumers across both online and offline platforms. Additionally, the company plans to bolster visibility and foster community engagement through targeted marketing initiatives.

“Bacca Bucci was born from a desire to challenge the norm and make high-quality, trend-forward sneakers accessible to everyone,” said Natwar Agrawal and Anuj Nevatia, Co-founders of Bacca Bucci. “This investment from Ananta Capital is not just about funding–it’s about aligning with a partner that understands our vision and has the expertise to help us scale our ambitions globally.”

Ananta Capital has controlling investments in leading beauty and wellness brands such as Bellavita, Betteralt, ThriveCo, Bevzilla – all under the Guardian group. The Guardian Group also owns the Guardian Pharmacy chain and holds the India master franchise for GNC, a global nutritional supplements brand. The fund also owns majority stake in prominent home furnishing brands – Sleepycat and Springwel. Additionally, Ananta Capital has stakes in companies like Open Secret, Liquiloans, Pickrr (exited), Alivaa Hotels and Unikon.ai.

“We’re excited to welcome Baccabucci to the Ananta Capital family,” said Lovkesh Kapoor, Board Member at Ananta Capital. “The brand resonates strongly with modern consumers and perfectly complements our existing portfolio, strengthening our position in the lifestyle and fashion sector. We see tremendous potential for Baccabucci to become a dominant player in the casual sneaker market worldwide.”

Deloitte India acted as an exclusive advisor to Baccabucci.

About Bacca Bucci

Founded in 2013, Bacca Bucci is a homegrown sneaker brand that blends cutting-edge design, comfort, and affordability. With a rapidly growing fan base and a strong presence in the Indian footwear market, Bacca Bucci is on a mission to revolutionize everyday fashion with bold, high- quality sneakers.

About Ananta Capital

Ananta Capital is private equity firm headquartered in Mumbai. With a diverse portfolio and a track record of successful investments, Ananta Capital is committed to partnering with visionary entrepreneurs to unlock value and drive sustainable growth. Ananta Capital’s portfolio includes Bellavita, Bevzilla, Betteralt, ThriveCo, Sleepycat Springwel Mattresses, Open Secret, Pickrr (exited), Liquiloans, Stovekraft, Alivaa Hotels, Wolfpack Labs and Unikon.a

Hyderabad (Telangana) [India]: Spacenet Enterprises India Ltd, a listed company on NSE (Symbol-SPCNET) and Modern Fuel Technologies, a leading Russian company, are pleased to announce a joint venture aimed at executing Liquefied Natural Gas (LNG) projects across India.

As India emerges as one of the fastest-growing economy in the world and is poised to be one of the top three economic powers in the next 10-15 years, the demand for energy is set to rise exponentially. This growth is coupled with a significant shift towards clean energy, driven by high-polluting sectors moving towards natural gas. This joint venture as proposed is positioned to capitalize on this trend by developing LNG infrastructure across the country.

The year 2023 was not only about finance for the international broker Octa. Here’s how it helped make a difference through a series of CSR initiatives around the world.

In 2023, Octa significantly enhanced its corporate social responsibility (CSR) activities by carrying out 21 projects that left a lasting impact on local communities worldwide. These projects were designed to address emergency response needs and enhance educational opportunities for underprivileged students. In total, Octa reached out to over 5,700 individuals, making meaningful changes in their lives.

Recognising the importance of education in shaping the future, Octa dedicated a significant part of its CSR efforts to improving educational opportunities for underprivileged students, directly benefiting 100 educational institutions and over 3,300 students. Below are some of the projects Octa carried out in 2023.

In India, Octa helped equip Sita Rajaram Public School and Sita Rajaram Polytechnic College in Tamil Nadu, India, with two interactive panels. This initiative aimed to enhance the quality of education and provide students with an innovative learning experience.

In Malaysia, the broker helped to supply educational centres across Malaysia with complex IT resources and sponsored the Cambridge IGCSE curriculum exam fees for Malaysian students under the guardianship of the educational organisation Ideas Academy.

In Indonesia, Octa supported the humanitarian organisation Yayasan Tunas Aksara (YTA) in training four schools and ten teachers to manage and organise book libraries.

In Nigeria, Chess in Slums Africa (CISA), in collaboration with Octa, organised a Children’s Day celebration for 150 children from marginalised communities and three public schools. The children, aged 5 to 18, had an opportunity to interact and enhance their reasoning skills while playing chess.

In Mexico, Octa joined forces with the charitable organisation Pauta to create two science workshops for 300 girls, boys, and adolescents from different schools.

‘At Octa, we recognise that education is a driving force behind a thriving society. Our commitment to educational projects stems from the belief that knowledge is the most powerful tool to shape a brighter future. By investing in scholarships, learning materials, teacher training, and infrastructure development, we not only empower individual students but also contribute to the overall development of local communities,’ commented the Octa press office.

Emergency response initiatives

Dedicated to the well-being of local communities, Octa assisted more than 2,400 individuals affected by natural disasters in Indonesia, Malaysia, and Nigeria. This support included essential supplies such as food and daily necessities, as well as contributing to long-term recovery plans, which ensured that affected people could fully rebuild their lives in the aftermath of severe storms, floods, and earthquakes.

In Indonesia, Octa provided emergency help for the victims of the devastating effects of flooding, landslides, and erosion in Banjar Pebuahan, Jembrana, in Bali on 6 – 7 July 2023.

In Malaysia, Octa provided emergency aid in the state of Kelantan, Malaysia, where over 17,000 people had to be evacuated because of the intense flooding.

In Nigeria, the broker provided emergency support after a severe flood that resulted in over 600 deaths, 2,400 injuries, and the displacement of 1.4 million people. Octa helped renovate and equip Anam New City School’s flood-damaged classrooms, provided 42 small businesses with financial support to either revive or restart their operations, and donated farming supplies, including Yam and Cassava, to 65 local farmers.

‘As a company, we believe in the profound importance of emergency response projects and are committed to making a positive difference in the communities where we operate. In 2023, we helped hundreds of families that experienced devastating environmental conditions. From extreme storms in Bali to flooding in Kelantan, Malaysia, we were there with the people we serve, providing not only immediate relief but also long-term recovery help,’ the Octa press office commented.

About Octa

Octa is an international broker that has been providing online trading services worldwide since 2011. The company is involved in a comprehensive network of charity and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

Kolkata, March 28, 2022: Indian Chamber of Commerce (ICC) patronizes the initiative to identify fresh talent in the fields of commerce during the post-pandemic phase where unemployment increased exponentially.

Students appearing for the final semester, fresher and working professionals (up to 5 years of experience) may take this opportunity to get closer to their dream jobs. The Exam will give the qualified candidates privileges to get steps ahead in the race through recognition, certification, awards & scholarships, and better visibility towards the corporate HR.

PAN India Computer-based Exam will be conducted from 200+ exam venues across 100+ cities, covering 30+ states & UTs of India in the month of July 2022 for which online registration has already been started.

Indian Chamber of Commerce (ICC) founded in 1925 is the leading and only National Chamber of Commerce and is one of the most proactive and forward-looking Chambers in the country today. It promotes the initiative

  • to identify the potential of a candidate’s industry readiness and thereby bridging the gap between employable candidates & recruiters and
  • to search for hidden talent from Tier I, II & III cities in PAN India through multi-tier, multi-layer assessment

The prospective working areas are

  • Accountancy & Bookkeeping
  • Banking & Finance
  • Capital Restructuring
  • Cryptocurrency
  • eCommerce
  • Economic Analyst
  • Financial Analyst
  • Financial Management
  • Foreign Trade
  • IndAS
  • Investments
  • Insurance
  • Instruments
  • Portfolio Management
  • Stock Markets
  • Taxation & Audit
  • Treasury / Debt
  • Wealth Management etc.

The exam will be of 3 hours duration, covering 100 no questions each with 1 mark and 1/4 marks will be deducted for each wrong answer. There will be two sections, General Aptitude and Financial Aptitude, where the first part is common for all candidates and the second part is specialization, to be opted by the candidate, during online registration. The following benefits are envisaged for the aspiring candidates:

  • Two years validity of NEATmet score
  • Comparative Analysis for future improvements
  • No age limit for aspiring candidates, unlimited attempts
  • Scorecard to all qualified candidates
  • Certificate of Merit to good scorers
  • Awards/ Scholarships to all national, regional, and state-level toppers
  • Industry Recommendation Letter
  • Better visibility and reach-out of candidates’ profiles to potential recruiters through Corporate Onboarding to the top scorers

Candidates are getting special promotional offers @499/- to get registered for a limited time. Thousands of candidates are enrolling on daily basis, who are aspiring for better career opportunities.

Know more: https://www.neatmet.com/certified-assessment/commerce-accounting-finance/

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