leadf
logo-loader
viewCoinsilium Group Ltd
(
AQSE:COINOTCQB:CINGF
)

Coinsilium’s Indorse makes progress in India following Times Group investment

In an update, the blockchain venture investor said Indorse had run seven print campaigns in the Economic Times

Coinsilium - Coinsilium’s Indorse makes progress in India following Times Group investment
The Economic Times is the world’s second-most widely read English-language business newspaper

Coinsilium Group Limited (LON:COIN) has hailed progress from Indorse, a company in which it holds a 10% stake, following an agreement where India’s largest media house invested up to US$6.5mln in the firm.

Coinsilium, which advises and invests in early-stage blockchain ventures, added that Singapore-based Indorse, which uses blockchain to verify people’s skillsets, had also set up a UK subsidiary with sales representation to act as a “springboard” for expansion into the European and US markets.

The operational update flagged Indorse's work with India's Times Group on seven print campaigns in the Economic Times newspaper that produced several “meaningful leads” from Fortune 100 and Fortune 500 companies.

READ: Coinsilium’s Indorse to get US$6.5mln injection from Indian media giant The Times Group

Elsewhere, Indorse had secured a “substantial” long-term project in Singapore for its 'upskilling' solution, used to assess data scientists, with the Oversea-Chinese Banking Corporation as well as delivering assessment services for a blockchain ‘hackathon’ organised by Rolls Royce.

Indorse had also optimised a distinct set of product lines and a scaleable revenue model, with “strong growth and robust pipeline” of small and large enterprise clients across Singapore and India.

Eddy Travia, Coinsilium’s chief executive, said it was “gratifying” to see Indorse’s progress, adding that going forward they expected the company’s “rapid growth trajectory” to be reflected in the valuation of its own investment.

Quick facts: Coinsilium Group Ltd

Follow
AQSE:COIN

Price: 8.05 GBX

Market Cap: -

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...

FOR OUR FULL DISCLAIMER CLICK HERE

Coinsilium Group wraps up investment deal with Greengage Global

Coinsilium Group Ltd (AQSE:COIN, OTCQB:CINGF) co-founder and chair Malcolm Palle and Greengage Global Holding Ltd founder and CEO Sean Kiernan joined Proactive's Stephen Gunnion with news that Coinsilium has completed its deal to invest in Greengage. Palle and Kiernan telling Proactive that...

2 weeks, 1 day ago

2 min read