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Varanium Cloud Limited posted mammoth earnings in FY2023 with 10 times growth in profits; Declared 1:1 bonus and dividend

Mumbai, May 9: Mumbai based IT and Cloud Infrastructure rising company Varanium Cloud Limited has reported robust growth in its earning reported for the Q4FY2023 and FY2023 owing to its expansion in the cloud technology business and roll out of data centres across the places.

SucSEED Indovation, funds Cloudworx, a web-based IDE platform

Cloudworx Technologies Pvt Ltd, has secured Seed Capital from Hyderabad headquartered SucSEED Indovation Fund as well as IIIT Hyderabad, Expert Dojo, and other angel investors. With a combination of “No-code + IoT + 3D”, Cloudworx has created a platform that allows users to create 3D = applications for the Enterprise Metaverse as Integrated Development Environment (IDE) Platform. Cloudworx Studio is a web-based IDE that lets users build applications and workflows for 3D content without writing any code. Their current focus is to build applications for the Enterprise Metaverse in the form of digital twins that are powered by real-time data

Business News | Varanium Cloud Ltd s Rs 36 60 Crore Public Issue on NSE EMERGE Platform Opens for Subscription on September 16

Get latest articles and stories on Business at LatestLY. Technology company, Varanium Cloud Ltd primarily focused on providing services surrounding the digital audio, video, and financial blockchain (for PayFac) based streaming services is scheduled to open its Rs 36.6 crore public issue for subscription on September 16. The company has received approval to launch its public issue on SME Emerge Platform of National Stock Exchange. Proceeds of the public issue will be utilised to fund company s expansion plans including setting up Containerized Edge Data Centres, Rollout of three Edmission flagship Digital Learning Centres; and General Corporate Purpose. First Overseas Capital Ltd is the lead manager of the issue. Public issue will close on September 20. Business News | Varanium Cloud Ltd s Rs 36.60 Crore Public Issue on NSE EMERGE Platform Opens for Subscription on September 16.

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