Primex News International

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    From Finish Lines to Spotlights: Gitanjali Lenka’s Journey to the Crown

    July 8, 2025

    India’s Premier Flagship MICE and Luxury Travel Congress Returns to Goa in Style – MILT Congress 2025 Set to Redefine MICE & Luxury Travel Industry

    July 8, 2025

    India Champions Global South and Responsible AI at 17th BRICS Summit in Brazil

    July 8, 2025
    Facebook Twitter Instagram
    Primex News International
    • Home
    Facebook Twitter Instagram
    Primex News International
    Home»Business»Sanjay Kumar Announces launch of his new Venture Rassense Pvt Ltd
    Business

    Sanjay Kumar Announces launch of his new Venture Rassense Pvt Ltd

    By March 7, 2024No Comments3 Mins Read
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Telegram Email

    Gurugram (Haryana) [India], March 7: Mr. Sanjay Kumar, addressing attendees at the SPiCE Merger 2024 event in Colombo, Sri Lanka, regarding gaming investments, shared his learnings concerning investments in startups. Reflecting on his investment in Gamestacy India Private Limited., which was once chosen by Google as one of only three companies in India and thirty-five globally for its accelerator program, the company failed to monetize and build a business. Mr. Kumar emphasized the importance for investors to safeguard their investments by securing voting rights that provide visibility into the business’s governance, and if they are sole investors, then to ensure they participate in driving performance.

    Additionally, Mr. Kumar underscored the prudence of investing in businesses in which one had domain familiarity as a direct financial investor. Although he previously served as CEO of a tech company, Altran Technologies India, Mr. Kumar noted that the gaming industry relies more heavily on technology applications post product development than during development itself, as the intellectual property for development is not particularly complex. 

    Mr. Kumar then went on to announce the launch of his new venture, in a domain he has been previously engaged with, i.e., food services, Rassense Private Limited. He outlined that this entity was created by the merger of two prominent food service companies, CRCL and WeGo Infinity, a corporate catering business in Bangalore and funded by Spark Capital through its Spark Equitized Credit Solutions Fund II. 

    Regarding the merger, and creation of this entity, Mr. Kumar highlighted his previous failed investment experience in Gamestacy, which came in handy as this time he engaged a broader team for structuring the transaction, including firms like Ernst & Young and a reputed national law firm to ensure compliance with Indian regulatory standards. Stressing the significance of advisors, Mr. Kumar emphasized the role of good advisors in ensuring tax and regulatory compliance aligns with local laws. Kumar emphasized the importance of conducting thorough due diligence on both the entity to be acquired and even more critical on the law firm or lawyers to be engaged in the process, as the quality of advice and engagement from this ecosystem significantly impacts a good transaction outcome.

    With Rassense Private Limited now emerging as India’s largest domestically owned food service company with over 3500 employees, Mr. Kumar outlined his vision for integrating gaming and technology learnings into the delivery of food service solutions. Kumar stressed the increasing need for advanced technology solutions for tracking consumption patterns, production scheduling and inventory management, and abandoning reliance on experience or staff breadth for execution. Mr. Kumar also identified the opportunity for India to lead the world in utilizing cutting-edge tools for enhancing client solutions in the food service industry.

    As a groundbreaking initiative, Mr. Kumar announced the launch of the world’s first food service company credentials presentation through an AI-generated video, signifying his belief in AI’s continuing significant role in business evolution. His insights into the transformative potential of gaming and technology, from enhancing hiring processes to improving food production, garnered enthusiastic applause from the audience.

    If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

    Business
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    India’s Premier Flagship MICE and Luxury Travel Congress Returns to Goa in Style – MILT Congress 2025 Set to Redefine MICE & Luxury Travel Industry

    July 8, 2025

    Pride Group Makes Strategic Gujarat Entry with ‘Biznotel by Pride’ in Surat

    July 7, 2025

    Experience Premium Living: 3BHK Flats in Bhopal at Green City Extension by Krishna Homes

    July 7, 2025

    Asston Pharmaceuticals Limited, a Pharmaceutical and Nutraceutical Company, opens its IPO on 9th July 2025.

    July 7, 2025

    From Foundations to Future: The Legacy of Ajmera Cityscapes

    July 7, 2025

    GLEN Industries Limited IPO To Open On 08th July, Sets Price Band At Rs 92 to Rs 97 Per Share

    July 7, 2025

    Comments are closed.

    Top Reviews
    Editors Picks

    From Finish Lines to Spotlights: Gitanjali Lenka’s Journey to the Crown

    July 8, 2025

    India’s Premier Flagship MICE and Luxury Travel Congress Returns to Goa in Style – MILT Congress 2025 Set to Redefine MICE & Luxury Travel Industry

    July 8, 2025

    India Champions Global South and Responsible AI at 17th BRICS Summit in Brazil

    July 8, 2025

    Grand Conclusion of the 67th NASA India (EXCLAIM) Annual Convention in IPS Academy Indore

    July 8, 2025
    About Us
    About Us
    Our Picks

    From Finish Lines to Spotlights: Gitanjali Lenka’s Journey to the Crown

    July 8, 2025

    India’s Premier Flagship MICE and Luxury Travel Congress Returns to Goa in Style – MILT Congress 2025 Set to Redefine MICE & Luxury Travel Industry

    July 8, 2025

    India Champions Global South and Responsible AI at 17th BRICS Summit in Brazil

    July 8, 2025
    Top Reviews
    © 2025 Primex News International. Designed by Primex Media Services.
    • Home

    Type above and press Enter to search. Press Esc to cancel.