21, Aug 2026
Mosaics Fine Art Festival Secures $24,145 Grant from Missouri Arts Council
Funding supports the 31st annual arts celebration in Historic St. Charles.
(St. Charles, Mo., Aug. 21, 2024) Mosaics Fine Art Festival has been awarded a $24,145 grant with public support from the Missouri Arts Council (MAC), a state agency that invests in the cultural, educational, and economic vitality of communities across Missouri. This marks the fourth consecutive year the festival has received nearly $25,000 in support from MAC.
The grant will fund the festival’s 31st annual event, taking place Sept. 11 through 13, along several blocks of North Main Street in Historic St. Charles, Mo. The free three-day, family-friendly event welcomes all ages and will feature more than 70 juried artists representing 15 states. Attendees can browse and purchase original works while experiencing the charm of a district with more than 30 restaurants and over 75 shops.
MAC provides funding to nonprofit organizations through grants that deliver high-quality arts programming throughout Missouri. Applications are reviewed based on artistic merit, community engagement, and organizational capacity. MAC also prioritizes advancing cultural equity to ensure all Missourians have access to meaningful creative opportunities.
“We are deeply grateful to the Missouri Arts Council for its continued investment in our festival and the artists we serve,” said Denise Wulff, president of Mosaics Fine Art Festival. “This support allows us to expand access to the arts, welcome a diverse group of talented artists, and create an experience that brings people together while celebrating creativity in our community.”
The Mosaics Fine Art Festival is a nonprofit organization that showcases local and regional artists while educating the community’s children and adults on how art can enhance their lives. The festival features a wide array of artwork produced by a mix of emerging, mid-career and established artists in all media. For more information, call (314) 406-2067 or visit Mosaics Fine Art Festival.
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- By Neel Achary
20, Aug 2026
16,000 Scholarships in Focus at Shiksharatan India Foundation Training Programme
New Delhi, August 20, 2026
Shiksharatan India Foundation, Gurugram, organised a one-day training programme on education and scholarships at the H.K.S. Auditorium, Inderjit Gupta Marg, Delhi. Trainees from around 20 states participated in the programme.
The programme was inaugurated by Dr. Faggan Singh Kulaste, Chairman, Parliamentary Committee on Welfare of SC/ST. Addressing the trainees, Dr. Kulaste said quality education is essential for securing a better future for children. He said scholarships can provide important support to students from economically weaker families and help them continue their higher education.
Dr. Kulaste appreciated Shiksharatan India Foundation’s initiative to provide 16,000 scholarships. He said scholarships give students an opportunity to continue their studies and develop their potential. He also said that greater participation from the government, industry, donors and social organisations can help connect more students with educational opportunities through scholarships.
During the programme, Mr. Satish Kumar, Founding Member of the Foundation, briefed participants about the organisation’s work and its scholarship campaign. He said the Foundation is conducting a national-level examination for meritorious students from economically weaker sections and is working towards providing 16,000 scholarships to top-ranking students.
He said the Foundation is also focusing on skill development and mentorship along with scholarships. It is also undertaking an initiative to recognise schools, educational institutions, principals and teachers for their contribution to education at the national level. The Foundation said the participation of parents, teachers and educational institutions is essential for the success of the campaign.
Mr. Somjibhai Damor, former Member of Parliament and National President, Akhil Bharatiya Adivasi Vikas Parishad, and Ms. Mayatai Ewnate, Member of Parliament, Rajya Sabha, also addressed the trainees.
During the programme, Mr. Shankar Lal Bodat, National Vice-President of the Parishad, shared details of the organisation’s activities. He said the organisation runs four colleges and 38 secondary and higher secondary schools. He added that it has organised 16 national-level conferences so far, covering issues related to the constitutional rights of tribal communities as well as water, forests, land, education, healthcare, agriculture and employment.
Mr. K.C. Ghumaria, State President, Rajasthan Branch, and Mr. Lukkibhau Jadhav, National President, Youth Wing, also addressed the trainees. Both appreciated Shiksharatan India Foundation’s scholarship initiative and emphasised the need to take the campaign to more students.
During the programme, speakers suggested creating separate groups of urban and rural students for the scholarship initiative. They said this approach could help ensure that more students from both areas benefit from the campaign.
At the conclusion of the programme, Mr. Satish Kumar thanked Dr. Faggan Singh Kulaste and all the guests, trainees, students, teachers and other associates for their participation and support. He also thanked members of the media for their cooperation in making the programme a success.
20, Aug 2026
CoverSure Enters Insurance Gifting Space, Target 1 Million Families and INR 100 Crore in 12 Months
Mumbai, Aug 20: CoverSure, a customer-first insurance platform and IRDAI-licensed Corporate Agent, today entered corporate, social, and personal gifting as a new route to insurance adoption, introducing a suite of Insurance Gift Cards built on a single conviction: that protection is among the most meaningful things one person can give another. The cards are co-branded with Oxymoney, an RBI-licensed Prepaid Payment Instrument (PPI) issuer.
Gifting in India has moved past the standard mithai box and generic hamper toward something more personal, chosen for what it says about how well the giver knows the receiver. Insurance, at its core a promise of protection and longevity, fits that shift naturally, yet has never been part of India’s gifting tradition the way gold or festive cash has. In simple terms, an Insurance Gift Card is a stored value a recipient can put toward the insurance cover that best fits their own life, chosen and timed by the person who will actually be protected, not the giver.
CoverSure is targeting ₹100 crore in insurance gifting value over the next 12 months, with the ambition of reaching 1 million families through this route, positioning gifting as a scalable, additional channel for insurance adoption rather than a one-off campaign.
“Insurance has always been sold, never gifted. We wanted to change that,” said Saurabh Vijayvergia, Founder and CEO, CoverSure. “Every other form of care in India- gold, sweets, blessings- has a place in how we celebrate the people we love. Protection deserves the same place. That is what we are making possible today, without having to say the words out loud.”
Rather than purchasing a pre-selected policy on someone’s behalf, the giver provides a stored value that the recipient can put towards insurance. The recipient retains full control over the insurer, policy, type of cover and timing, and can apply the balance towards a new policy or the renewal of an existing one. This resolves a quiet but persistent difficulty in gifting insurance: the giver rarely knows the recipient’s existing policies, financial responsibilities, protection gaps or renewal dates. The decision, as it should, stays with the person being protected.
The Insurance Gift Card is available in four formats for different occasions and gifting needs. The Corporate Closed-Loop Gift is a customised card that can be redeemed exclusively on CoverSure across multiple insurance products, along with savings and wellness benefits. It is designed for employee rewards, festive gifting, customer engagement, and partner programmes. The Open-Ended Gift Card up to ₹1,000 allows recipients to use the value towards eligible insurance or non-insurance offerings on CoverSure, including in parts, making it suitable for personal gifting and employee appreciation. The Open-Ended Gift Card above ₹1,000 offers additional CoverSure benefits and access to its insurance management and protection services, making it suitable for family gifting and special occasions. The DIY Insurance Gift Card allows the giver to choose the insurance category, occasion and message, with options across Term, Health, Motor, Travel and Personal Accident insurance. Together, the four formats offer different ways to support the recipient’s insurance needs while leaving the final choice with them.
The launch is timed to a wider shift in how the country thinks about long-term wellbeing. In a nation widely regarded as the diabetes capital of the world, the Central Board of Secondary Education has directed schools to set up “sugar boards” educating children on the risks of excess sugar and encouraging healthier choices. CoverSure reads this as a sign that health and security are increasingly treated as things to protect deliberately rather than assume, at both a national and a household level, and sees gifting as a natural entry point for the same instinct.
India issued 41.84 crore insurance policies in FY2024–25, yet insurance penetration remained at 3.7% of GDP, against a global average of 7.3%. The gap points to the need not only for greater access, but for more reasons for people to act on their protection needs.
This mismatch is compounded by how differently the two industries are growing. India’s gifting industry, valued at an estimated $75 billion and expanding at roughly 14% annually, stands in sharp contrast to insurance, which continues to grow at only negative to low single-digit rates in policy volumes, a trajectory CoverSure believes can shift only if the industry attaches itself to larger, already-thriving traditions rather than standing alone as a financial product.
“We are looking at gifting as an additional route through which people can be introduced to insurance by the ambassadors of insurance, i.e. existing policyholders, rather than treating insurance as just another festive product,” Vijayvergia added. “A company, a family member or a friend provides the starting value, but the recipient decides whether it goes towards health, life or motor insurance, and when. It is a small gesture that can begin a lifetime of protection.”
The initiative follows CoverSure’s earlier awareness campaign, #ChitthiAayiHai, run with India Post, which sent more than 10,000 barcode-enabled inland letters to families across 15 cities, urging policyholders to share their insurance details with the people who would one day need them. The gift cards extend the same belief: that insurance grows not through advertising, but through care made visible.
CoverSure expects the corporate segment to be central to the initiative. Companies can build the cards into employee-reward and recognition programmes or extend them to customers and channel partners, reaching families who are often more financially exposed than assumed. For personal gifting, the cards suit festivals, birthdays, anniversaries and other milestones. The offering sits within CoverSure’s broader claim-first, customer-first model, where the claims experience is designed to be straightforward rather than buried in fine print.
20, Aug 2026
Naidu Proposes Bullet Train Link Between Amaravati, Bengaluru and Chennai
Amaravati/Mahabalipuram, Aug. 20: Andhra Pradesh Chief Minister N. Chandrababu Naidu has proposed a high-speed rail corridor connecting Amaravati, Bengaluru and Chennai, with a bullet train route passing through Kuppam, during the Southern Zonal Council meeting held in Mahabalipuram on Thursday.
Representational Image
The proposal was made at the meeting chaired by Union Home Minister Amit Shah, where Naidu called for stronger cooperation among southern states on infrastructure, connectivity, water resources, energy and economic development.
Push for Integrated Transport Network
Naidu proposed creating a common logistics network and developing dry ports across southern states to strengthen trade and improve the movement of goods.
He also called for greater integration of the southern power grid with the national grid to improve energy coordination and reliability.
In the education and employment sector, the Andhra Pradesh Chief Minister suggested establishing a joint consortium involving universities and skilling institutions from southern states.
He also proposed a Mutual Aid Force to improve coordination among states during natural disasters and other emergencies.
Godavari-Cauvery Link Highlighted
Water sharing emerged as another major issue during Naidu’s address. He advocated the diversion of more than 500 TMC of water through the proposed Godavari-Cauvery river-linking project.
Naidu said the project could provide a long-term solution to Tamil Nadu’s water requirements and called for coordinated efforts involving Andhra Pradesh, Telangana, Karnataka and Tamil Nadu to address interstate river-water disputes.
He further sought a long-term national plan for Ganga-Cauvery river linking, along with time-bound preparation of detailed project reports and approvals for river-linking initiatives.
Southern States Can Drive $10 Trillion Economy
Naidu said southern states account for around 31 per cent of India’s GDP and argued that the region could collectively contribute towards building a $10 trillion southern economy by 2047.
He urged the states to work together to strengthen the region’s role in India’s broader development and the vision of Viksit Bharat.
The Chief Minister also proposed a common spiritual tourism circuit connecting Tirupati with Kashi, Ayodhya and the Char Dham destinations.
AP Reorganisation Issues Raised
Naidu urged the Centre to resolve pending issues arising from the bifurcation of undivided Andhra Pradesh.
He pointed out that matters concerning institutions listed under Schedules IX and X of the AP Reorganisation Act remain unresolved even after 12 years. He also sought resolution of the state’s resource deficit and issues related to Section 56 of the Reorganisation Act.
Infrastructure Projects Seek Centre’s Support
Highlighting ongoing development in Andhra Pradesh, Naidu said projects such as Polavaram, the South Coast Railway Zone and Amaravati are progressing with support from the Centre.
He also sought faster approvals for Dugarajapatnam Port and refinery proposals, besides central approval for the Visakhapatnam and Vijayawada Metro Rail projects and the Kadapa-JSW railway link.
Naidu stressed that greater Centre-state trust and cooperation would be essential to resolve outstanding issues and accelerate development across southern India.
The meeting was attended by the Chief Ministers of Tamil Nadu, Karnataka, Kerala and Puducherry, besides the Deputy Chief Minister of Telangana.
20, Aug 2026
S Hotels & Resorts Invites Travellers to Reclaim the Luxury of Time
‘It’s About Time’ celebrates slow travel, soulful discovery and nature-immersive escapes designed to restore what everyday life takes away.
Bangkok, Thailand | Aug 20 – With so many demands on our time, S Hotels & Resorts is inviting travellers to reclaim that most precious of commodities, whether they’re burned out and ready for an end-of-year reset or simply looking to recharge before the festive season. The hospitality group’s ‘It’s About Time’ campaign serves as a tropical off-switch for the tired mind.
A lifestyle brand known for its soulful hospitality, SAii Hotels & Resorts brings its new campaign to life across its entire portfolio in Thailand and the Maldives, from the castaway allure of Phi Phi and Phuket’s family-friendly escapes to the adults-only hideaway of Koh Samui and the barefoot ease of the Maldives.
The campaign’s themes capture the elements that turn a simple getaway into time genuinely well spent. Time for Adventure invites holidaymakers to step away from the clock and dive into kayaking through hidden mangrove forests in the Andaman or exploring technicolour reefs in the Indian Ocean. For gentler sun-drenched pursuits, Time for Nature revolves around long beachside lunches and sunsets without the crowds. Time for Yourself is the luxury of doing only what your heart desires, from disappearing into the spa to dedicating an entire afternoon to poolside reading. Meanwhile, authentic local cuisines and freshly caught seafoodtake centre stage with Time for Flavours, just as Time Together brings everyone closer over shared sunsets, family adventures or a friendly game of padel tennis or lively afternoons at SunRay Social & Swim Club.
Finally, Time to Exhale is Santiburi Koh Samui’s exclusive expression of the campaign. As guests step into the 23-acre sanctuary of tropical foliage and lotus ponds, any vestiges of today’s ‘do more’ travel culture fall away, giving them explicit permission to do less. Exhale into Stillness with peaceful moments on Mae Nam Beach, Exhale into Nature amid ancient coconut trees and tropical gardens, Exhale into Wellbeing at Santiburi Spa or the newly upgraded Technogym fitness centre, Exhale into Flavours with refined Thai cuisine at Sala Thai Restaurant, and Exhale into Connection through meaningful moments shared with loved ones.
Book early and save up to 30% at SAii Laguna Phuket, SAii Phi Phi Island Village, SAii Koh Samui Villas, SAii Lagoon Maldives and Santiburi Koh Samui, making it even easier to embrace the luxury of time with a rewarding island escape. For more information, please visit saiihotels.com/ and santiburisamui.com/
20, Aug 2026
PhonePe PulsePro signs MoU with MeitY to power PM GatiShakti
Bengaluru, Aug 20: PhonePe, today announced the signing of Memorandum of Understanding (MoU) with the Ministry of Electronics and Information Technology (MeitY) to share insights from PhonePe PulsePro, its enterprise data intelligence platform, to support the PM GatiShakti mission for national infrastructure planning, economic analysis, and holistic urban and rural development.
PhonePe PulsePro transforms aggregated and anonymised transaction data into hyperlocal insights, providing a granular view of trends across geographies, categories and markets. Built on PhonePe’s extensive digital transactions ecosystem, PhonePe PulsePro enables organisations to identify emerging trends, understand market signals and derive actionable intelligence from real-world activity.
Under the MoU with MeitY, PhonePe PulsePro metrics will be integrated into the PM GatiShakti National Master Plan portal, managed in collaboration with Bhaskaracharya National Institute for Space Applications and Geo-informatics (BISAG-N). By sharing granular transactional insights with the PM GatiShakti portal, PhonePe is making hyperlocal PulsePro data accessible for internal government use to enable them to make smarter, data-based decisions for national development planning.
Sharing his views on the MoU, Shri S. Krishnan, Secretary, Ministry of Electronics and IT (MeitY), said,
“Data-driven intelligence can play an important role in enabling more informed planning and decision-making. The granular and hyperlocal insights available through PhonePe PulsePro can complement existing datasets and provide additional visibility into emerging trends across markets and geographies. We welcome PhonePe’s initiative to make these insights available through the PM GatiShakti framework and support India’s journey towards Viksit Bharat.”
Commenting on the MoU, Karthik Raghupathy, Head of Strategy at PhonePe, said,
“Since the launch of PhonePe Pulse, we have seen how transaction-led insights can help build a more nuanced understanding of markets and emerging trends. PhonePe PulsePro takes this intelligence further through granular, hyperlocal and near real-time market signals. By making these insights available to MeitY, we hope to contribute to a stronger data ecosystem and support more informed, evidence-based infrastructure planning. We are delighted to play our part in enabling the use of data for broader public good.”
The MoU builds on PhonePe’s broader commitment to making data and technology a force for the public good. PhonePe Pulse, the company’s open data platform launched in 2021, is a valuable resource for entrepreneurs, researchers, developers, policymakers and students. PhonePe PulsePro extends these capabilities through enterprise-grade data intelligence and deeper, more granular market insights.
20, Aug 2026
Beyond Meeting Room Collaboration: AVer Sets Sights on AI Office Ecosystem for Future Digital Transformation
Taipei, Taiwan, Aug 20: AVer Information Inc., an award-winning provider of AI audio-video solutions, announced plans to broaden its focus beyond traditional meeting room collaboration into a wider AI Office ecosystem. This move addresses the growing global wave of enterprise digital transformation, where office spaces are evolving past standard video conferencing to embrace intelligent, automated management across all areas of the business.
Starting from its existing plug-and-play video conferencing hardware, AVer is moving toward a new phase of software-hardware integration, marking the beginning of its journey into the AI office space. Besides actively developing Microsoft Teams Rooms solutions and comprehensive office platforms, the company will further develop spatial intelligence, meeting intelligence, and agentic AI computing systems. This is expected to increase use cases, significantly increasing the share of total revenue for high-value-added products, while injecting strong growth momentum into the company’s mid-to-long-term operations.
Leveraging its existing core competencies in optical cameras, acoustic audio, automatic tracking, and AI algorithms, AVer is building efficient, secure, and intelligent space experiences, focusing on three core AI office applications:
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AI Reception Systems: These systems integrate automated visitor check-in, facial recognition, real-time notifications, and digital reception, helping enterprises reduce operational and labor costs.
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AI Workspaces: Advanced analytics provide precise data on meeting room occupancy, seat utilization, and people counting. The integration of environmental control systems enables users to automatically adjust lighting and air conditioning for smart energy savings.
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AI Digital Signage: Interactive displays recognize the gender and time-of-day profiles of people on-site, dynamically delivering customized content, advertisements, visitor guidance, and welcome messages.
As the global AI office market flourishes, AVer is building a deep technological moat through its AI-Enhanced Meeting Experience, Voice-Driven Multi-Cam Tracking, and Pro AV Total Solutions. This strategy will accelerate adoption across diverse applications, optimizing the company’s overall product portfolio and gross margin structure while injecting strong momentum into its operational growth.
20, Aug 2026
Wordly Reports 668% Three-Year Growthas AI Translation Reshapes Live Events
EventTech leader climbs to 52nd fastest-growing software company on Inc. 5000 after powering 1 billion minutes of live keynotes, breakouts, and post-event dubbing
LOS ALTOS, CA – Aug 20 – Wordly, the pioneer and leader in live AI translation and captions, announced it ranked No. 521 on the 2026 Inc. 5000, climbing 1,186 places from No. 1,707 a year ago. Among software companies, Wordly rose from No. 196 to No. 52, a 144-place jump, as demand grows for AI-powered multilingual communication across conferences, meetings, keynotes, breakouts, and other live experiences.
For the events industry, the growth reflects a broader shift in how organizers approach language access. What was once typically reserved for large international conferences and high-profile keynote sessions is increasingly being used across the full event lifecycle, from live sessions and audience engagement to post-event content localization.
Accelerated adoption of live AI translation and captions has pushed Wordly past the 1-billion-minute and 6-million-user milestones, fueling a 668% three-year growth. Along the way, the platform has saved customers more than $200 million versus traditional human interpretation.
Data Shows Event Planners See AI Outperforming Traditional Human Interpretation
The milestone coincides with shifting enterprise benchmarks. According to the 2026 State of AI Translation & Captions Report, 66% of enterprise event planners now report that live AI translation exceeds the quality of human interpreters, while cutting costs and eliminating logistics bottlenecks
“Moving up to No. 52 validates a fundamental market shift,” said Lakshman Rathnam, Founder & CEO of Wordly. “Real-time multilingual content is no longer just something large industry conferences add when they need it. We’re seeing businesses, universities, and public agencies use it across meetings, town halls, training, and live events because multilingual communication has become part of their everyday operations.”
Expanded Platform: From Live Sessions to Post-Event Content
Wordly expanded its platform over the past year to support more of the event lifecycle, including:
- Workplace Integrations: Added Workspaces and deeper Microsoft Teams support to bring multilingual meetings and hybrid experiences that extend beyond the conference floor.
- Live & Post-Event Localization: Launched real-time AI Subtitles for main-stage keynotes alongside Voice Transcripts to help organizers repurpose recorded event content for multilingual audiences after an event ends.
- Mobile App Updates: Released automatic language detection and a revamped mobile app to streamline live in-person translation for company-wide gatherings, campus events, and city council meetings.
The expansion reflects a broader move toward using AI translation not as a single event service, but as an always-on communication layer that can support audiences before, during, and after an event.
To learn more about the Wordly platform or to review the 2026 State of AI Translation Report, visitwww.wordly.ai.
20, Aug 2026
India’s REIT Market Stays Strong, 150 Million Sq Ft Office Space Could Join by 2031
New Delhi, Aug 20: India’s Real Estate Investment Trust (REIT) sector is continuing to show resilience amid global uncertainties, supported by stable rental income, long-term leases and a diversified base of tenants, according to a recent report.
The sector is also entering a promising phase of expansion, with more than 150 million square feet of office space expected to become eligible for REITs by 2031. This potential addition could take the total asset value of the sector from around $33 billion to more than $50 billion, highlighting the significant growth opportunity ahead.
Strong demand for commercial office space is expected to remain one of the key drivers of this growth. Office leasing reached a record 29.9 million square feet in the first quarter of 2026, marking a 6 per cent increase from the same period a year earlier.
Demand from Global Capability Centres, technology companies and financial services firms is supporting the office market, with high-quality Grade A properties accounting for a large share of leasing activity.
The growing presence of Global Capability Centres is particularly important for the sector. Their expansion is creating sustained demand for modern office spaces in major business hubs and is expected to support the commercial real estate market over the medium term.
India’s flexible office segment is also expanding, with flexible workspace stock estimated at around 100 million square feet. The trend reflects changing workplace requirements and growing demand from businesses seeking adaptable office solutions.
The financial position of listed REITs has remained relatively strong. Six listed REITs had a combined gross asset value of nearly Rs 3.13 lakh crore and a market capitalisation of more than Rs 2 lakh crore as of May 2026.
Although combined debt has increased as REITs expanded their portfolios and acquired new assets, rising rental income has helped keep leverage under control. This provides a stronger financial foundation for further growth.
Occupancy levels have also improved steadily. Average occupancy across listed Indian office REITs increased from around 84 per cent in FY24 to 89 per cent in FY25 and nearly 92 per cent in FY26, reflecting sustained demand for quality commercial properties.
The outlook for the sector remains positive despite continuing global uncertainties. India’s growing role in global supply chains and the expansion of multinational companies and Global Capability Centres are expected to support demand for office space.
The potential addition of 150 million square feet of REIT-eligible office space over the next five years could further deepen India’s REIT market, providing more opportunities for institutional investment and allowing property owners to unlock value from mature commercial assets.
With strong occupancy, healthy leasing activity, growing rental income and a sizeable pipeline of future assets, India’s REIT market is positioned for continued expansion. The sector could increasingly become an important link between India’s growing commercial real estate market and long-term investors seeking exposure to income-generating assets.
20, Aug 2026
MIDASX & MF Utilities India Partner to Bring AI-Powered WealthTech to MFDs Across Bharat
Mumbai, Aug 20: MIDASX, India’s first AI-Powered B2B2C Multi-Asset wealth technology platform, has entered into an exclusive strategic association with MF Utilities India to make its multi asset wealth platform available to all Mutual Fund Distributors across the country.
The association will enable MFDs to access and distribute Mutual Funds, International and Indian Equities, Corporate Fixed Deposits, Loans against Securities, Unlisted Securities, Bonds, MLDs and other financial products through MIDASX’s integrated technology ecosystem. The partnership is designed to give distributors a broader product suite; AI led technology capabilities and the ability to build scalable wealth businesses. MIDASX currently works with 2,000 plus MFDs, serving 7 lakh plus investors with assets of over ₹2.5 lakh crore across 160 plus cities spanning Tier 1, Tier 2 and Tier 3 Bharat.
Aakash Bansal, CEO, MIDASX, said,
“The next phase of India’s wealth creation will be driven by empowering the people who already have the trust of investors. MFDs have the relationships and reach. Our job at MIDASX is to give them the future ready, new age and affordable technology to take those relationships across products, markets and geographies. Our association with MF Utilities India is an important step towards making multi asset wealth technology affordable and accessible to the last mile MFDs across India.”
Ganesh Ram, MD & CEO, MF Utilities India, said,
“The MFD community continuously plays an increasingly important role in expanding participation in financial markets across India. Our association with MIDASX brings together AI led technology and distribution capabilities for MF & SIF products. We are pleased to collaborate with MIDASX and look forward to supporting MFDs with technology enabled solutions that can help them serve investors and build their businesses.”
MIDASX is also the Exclusive Strategic and Technology Partner to MACG, the Mutual Fund Distributor Association of Associations, a collective platform representing 50+ mutual fund distributor associations across India and working towards strengthening the interests, capabilities and technology adoption of the distributor community.
Together, the MF Utilities India and MACG partnerships strengthen MIDASX’s MFD-focused ecosystem by bringing together distribution, industry networks and technology to support the future of wealth distribution in India.
MIDASX has raised ₹35 crore to date from family offices and UHNIs and is currently raising an additional ₹200 crore to accelerate its growth.
With its growing distributor base, association led partnerships and expanding multi asset capabilities, MIDASX is positioning itself as a technology backbone for India’s next generation of wealth distribution. The platform enables MFDs to move beyond a single product approach and build comprehensive, technology led AI-Powered Multi-Asset wealth businesses.
