openPR Logo
Press release

Ireland-Based Caraun Capital Acquires Stake in India's First Digital Women Empowerment Platform, Task Mantra Pvt Ltd

07-18-2024 05:40 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ABNewswire

Ireland-Based Caraun Capital Acquires Stake in India's First

Dublin, Ireland - Ireland-based micro angel investment company Caraun Capital has acquired an undisclosed amount of shares in Task Mantra Pvt Ltd, India's pioneering digital women empowerment platform startup. Task Mantra Pvt Ltd is already empowering over 20,000 women across India. This acquisition signifies a major leap in fostering digital and economic opportunities for women.

Image: https://www.abnewswire.com/uploads/6d16059ada9666393ca11065d8b1bab8.PNG

In a formal ceremony, Mr. Jomon Francis, Director of Marketing for Task Mantra Pvt Ltd, and Sony Thomas, Global Representative for Caraun Capital, signed a Memorandum of Understanding (MoU). The agreement includes ongoing funding support from Caraun Capital to Task Mantra Pvt Ltd, enabling the company to expand digitally and develop an innovative PAN Indian e-commerce app exclusively for women.

Task Mantra Pvt Ltd plans to leverage this investment to enhance its digital infrastructure and create new opportunities for women entrepreneurs across India. One of the key initiatives includes developing an AI-based skill management platform. This platform will empower women by matching them with work opportunities tailored to their skill sets, thereby fostering economic independence and professional growth. Additionally, Task Mantra is working on a neighborhood-based e-commerce platform, aiming to facilitate local trade and support women-led businesses within communities.

Mr. Jomon Francis expressed his enthusiasm about the partnership, stating, "This collaboration with Caraun Capital will significantly accelerate our mission to empower women digitally and economically across India. Our new AI-based skill management platform will revolutionize how women find work and develop their careers, while our neighborhood e-commerce platform will strengthen community ties and boost local economies."

Sony Thomas added, "Caraun Capital is committed to supporting innovative ventures that drive social change. We are excited about the potential impact of our investment in Task Mantra Pvt Ltd. Their dedication to women's empowerment aligns perfectly with our mission to foster inclusive growth and sustainable development."

This strategic partnership marks a milestone in the journey of Task Mantra Pvt Ltd, as it aims to scale its operations and expand its reach. By focusing on digital empowerment, skill development, and community-based commerce, Task Mantra is poised to create a significant impact on the lives of women across India.

As Task Mantra Pvt Ltd continues to grow, the support from Caraun Capital will be instrumental in driving their vision forward. Together, they aspire to build a more inclusive and empowered digital economy, where women can thrive and contribute meaningfully to their communities and beyond.

More info: http://caraun.com/2024/07/16/ireland-based-caraun-capital-acquires-stake-in-indias-first-digital-women-empowerment-platform-task-mantra-pvt-ltd/

Media Contact
Company Name: Caraun Capital
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=irelandbased-caraun-capital-acquires-stake-in-indias-first-digital-women-empowerment-platform-task-mantra-pvt-ltd]
Country: Ireland
Website: http://caraun.com



This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Ireland-Based Caraun Capital Acquires Stake in India's First Digital Women Empowerment Platform, Task Mantra Pvt Ltd here

News-ID: 3588835 • Views:

More Releases from ABNewswire

Aspen Artist Shelly Hamill Celebrates 25 Years of Transforming Heirloom China Into Contemporary Mosaic Art
Aspen Artist Shelly Hamill Celebrates 25 Years of Transforming Heirloom China In …
Renowned mosaic artist Shelly Hamill marks over 25 years of creating unique sculptures from recycled china, offering collectors a meaningful way to transform family heirlooms into displayable art. Trained as a Master of Mosaic in portraiture at the prestigious Orsoni studio in Venice, Italy, Hamill now expands her offerings with a new print-on-demand service and an innovative Print of the Month Club. Shelly Hamill has spent more than a quarter century
Earned Everyday: Military Veterans Launch Athletic Brand Teaching Youth That Confidence Comes From Hard Work
Earned Everyday: Military Veterans Launch Athletic Brand Teaching Youth That Con …
Husband-and-wife Veteran team Matthew and Crystal Rorebeck have transformed their military experience and parenting journey into Earned Everyday, a Weatherford/Aledo athletic apparel brand with a powerful message for young athletes. Drawing from 46 combined years of military service and raising six children through deployment cycles, the retired Majors created a brand that teaches resilience, dedication, and the value of earning success. A new athletic apparel brand with deep roots in military
Pick-A-Part Jalopy Jungle Offers Top Dollar Cash for Unwanted Vehicles Across Southern Idaho
Pick-A-Part Jalopy Jungle Offers Top Dollar Cash for Unwanted Vehicles Across So …
Pick-A-Part Jalopy Jungle announces expanded cash-for-cars services across five locations in the Treasure and Magic Valleys, including Boise, Garden City, Nampa, Caldwell, and Twin Falls. The company provides free towing and guarantees competitive prices for unwanted vehicles while offering budget-friendly used auto parts for DIY mechanics. Vehicle owners throughout the Treasure and Magic Valleys now have a convenient solution for selling unwanted cars, trucks, and other vehicles thanks to Pick-A-Part Jalopy
Health & Hygiene Packaging Market Segmentation, Top Players, Industry Growth Drivers and Strategic Developments 2025-2028
Health & Hygiene Packaging Market Segmentation, Top Players, Industry Growth Dri …
The Health & Hygiene Packaging Market is growing steadily, driven by rising consumer awareness, stricter safety standards, and demand for secure, contamination-free products. Key players such as Amcor, Mondi, Berry Global, BASF, and Huhtamaki are focusing on sustainable materials, advanced barrier technologies, and innovative designs to enhance product protection, portability, and hygiene across end-use sectors. The global Health and hygiene Packaging market size is estimated to be USD 110.9 billion in

All 5 Releases