NowFloats Risk Report

🛡️ Financial & Liquidity

NowFloats has experienced significant financial developments, primarily centered around acquisitions and investments. Reliance Industries' acquisition of the company marked a major financial milestone. The company's liquidity position appears strengthened through these strategic moves.

• Reliance Industries acquired an 85% stake in NowFloats Technologies for Rs 141.63 crore 🗓 December 12, 2019.
• In March 2019, NowFloats secured over Rs 25 crore in convertible debt from existing investors.
• NowFloats raised Series A funding from Omidyar Network 🗓 February 2, 2015.

⚖️ Legal & Regulatory

There are no significant recent legal or regulatory issues reported for NowFloats.

👥 Labor & Workforce

NowFloats has undergone workforce changes but maintains no apparent risks related to unpaid wages or strikes.

• NowFloats appointed Mr. Rajeev Goyal and Mr. Mukesh Lohar, strengthening their executive team 🗓 December 27, 2016.

🏗️ Operational & Business Continuity

The acquisition by Reliance Industries implies a continuity in operations but also potential strategic shifts should be monitored.

• The acquisition by Reliance Industries signifies strategic alignment and possible operational changes 🗓 December 12, 2019.

📜 Innovation & R&D

Innovation continues to be a strong focus for NowFloats, demonstrated by their consistent presence in technology advancements and solution offerings.

• NowFloats has been at the forefront of local SEO and mobile app solutions since their foundation year 🗓 2012.

🏅 Awards & Recognition

No specific awards or recognitions have been reported for NowFloats in recent years.