Spacenet Makes a Second Strategic Investment in String Metaverse Limited after Billmart.com

Spacenet Makes a Second Strategic Investment in String Metaverse Limited after Billmart.com

Spacenet Enterprises India Limited (NSE: SPCENET), following its strategic investment in BillMart.com, a Mumbai-based bill discounting fintech platform, has boldly positioned itself at the forefront of innovation with a strategic acquisition poised to reshape the landscape of digital entertainment. In a game-changing move, the company has secured a significant stake in String Metaverse Limited, a cutting-edge Web3.0, Esports, Real Money Games, Casual Games platform that promises to redefine the future of interactive entertainment. This visionary investment underscores Spacenet’s commitment to staying ahead of the curve and seizing emerging digital opportunities, solidifying its place as a dynamic force in the ever-evolving world of Esports, Real Money Games, and Casual Games.

String Metaverse Limited, with its presence in India, Hong Kong, and Gift City, is at the forefront of expanding its esports platform across India, the Middle East, South East Asia, and Europe. The company has recently launched a dedicated platform, https://esports.stringmetaverse.com/, designed to empower esports players, streamers, and influencers, enabling them to actively participate and generate revenue streams. With the esports industry poised for exponential growth, this investment reflects Spacenet’s forward-thinking approach and commitment to innovation.

The timing of this strategic move couldn’t be more opportune, as the recent Lumeki report suggests that the Indian gaming industry is on a trajectory to achieve remarkable growth. By 2028, the digital gaming industry is projected to reach a staggering Rs 62,000 Crores, more than double the Rs 26,000 Crores recorded in 2023. India’s gaming landscape comprises approximately 57 Crore gamers, growing at an impressive rate of 12%, and boasts 1540 Crore downloads, making it a pivotal contributor to the global gaming arena.

In addition to its foray into esports, Spacenet Enterprises India Limited is also pleased to announce its outstanding financial performance over the last six months. The company has reported a remarkable 400% growth in net profit for the first six months of 2023-24 compared to year on year. This impressive financial achievement underscores Spacenet’s commitment to delivering value to its shareholders and stakeholders.

Prakash Dasigi, Executive Director of Spacenet Enterprises India Limited, stated, “After a successful stake acquisition in BillMart, a bill discounting fintech platform based in Mumbai, our second venture into String Metaverse Limited reaffirms our confidence that both investments will yield exceptional returns, potentially ranging from 50-100x for our shareholders over the next 3-5 years.”

Ganesh Meenavalli, Director and Head of Global Esports Operations at String Metaverse Limited, confidently predicts that more than 20 million Gen Z, India Esports community will lead the global Esports scenario, potentially eclipsing traditional sports like cricket in popularity by the next decade.

The strategic acquisition of String Metaverse Limited is a testament to Spacenet’s commitment to innovation, diversification, and capitalizing on high-growth sectors. With esports poised to become a major global phenomenon and the company’s remarkable financial performance, Spacenet is positioned for a future of sustained success and growth.

About Spacenet Enterprises India Limited

Spacenet Enterprises India Ltd (NSE: SPCENET) is a global fintech enterprise listed on the National Stock Exchange, committed to transforming trade and trade finance. With a focus on empowering traders, small and medium-sized enterprises (SMEs), micro, small and medium enterprises (MSMEs), and trade channels, Spacenet plays a pivotal role in bridging the trade finance gap. Beyond its services, the company actively builds, invests in, and supports fintech ventures, contributing to the evolution of traditional finance (TradFi). Spacenet’s global approach leverages financial technology to enhance and streamline trade operations, while also fostering growth within the broader fintech ecosystem.

For media inquiries and further information, please contact:

Prakash Dasigi, Executive Director

Prakash@spacenetent.com

+91-9490199661

Introducing Stratayield.com A Revolutionary Proptech platform – Leveraging Distressed Assets and Urban Storage

Introducing Stratayield.com A Revolutionary Proptech platform – Leveraging Distressed Assets and Urban Storage

Spacenet Enterprises India Ltd (NSE: SPCENET), a well-established company listed on the National Stock Exchange, through its subsidiary, Thalassa Enterprises Pvt Ltd is launching Stratayield.com. This groundbreaking proptech platform is set to transform the distressed assets and urban storage realty space by bridging the gap between distress value and real market value.

India’s distressed market value currently stands at an astonishing $150 billion USD, and Spacenet Enterprises India through its subsidiary Thalassa Enterprises Pvt Ltd is fully prepared to capitalize on this incredible opportunity. Stratayield.com utilizes an unique approach to leverage the difference between distress value and real market value, opening up tremendous potential for investors and stakeholders alike.

The Indian proptech market is experiencing rapid expansion and is projected to reach a value of $100 billion by 2030. Recognizing this immense growth potential, Spacenet Enterprises India Ltd ‘s subsidiary Thalassa Enterprises Pvt Ltd is strategically positioning itself to secure a significant share of this burgeoning market. With Stratayield.com, the company aims to establish a dominant presence in the proptech sector.

One particular focus area for Stratayield.com is the nascent urban storage segment in India. With the global market size estimated at $100 billion, there is a clear demand for innovative solutions that address the pressing issue of limited space in urban areas. Stratayield.com will play a crucial role in revolutionizing storage practices by providing state-of-the-art attic storage alternatives. The platform will cater to diverse clientele, including corporates, bankers, CA firms, householders, and broking firms, offering efficient and secure document storage solutions.

“We are thrilled to introduce Stratayield.com to the market, offering a game-changing solution for distressed assets and urban storage,” expressed Prakash Dasigi, Executive Director of Spacenet. “With our platform, we aim to unlock the tremendous potential of the proptech sector and create significant value for all our shareholders.”

As part of its growth strategy, Spacenet Enterprises India plans to list its subsidiary Thalassa Enterprises on the National Stock Exchange in 2024, providing an exciting opportunity for investors to participate in the company’s proptech ventures. This strategic move further solidifies Spacenet’s commitment to delivering value to its shareholders while capitalizing on the vast proptech potential in the Indian market.

About Spacenet Enterprises India Ltd

Spacenet Enterprises India Ltd is a highly regarded company listed on the National Stock Exchange, a Global Fintech Enterprise Through its subsidiary Thalassa Enterprises Pvt. Ltd, the company is spearheading the launch of Stratayield.com, an exceptional proptech platform that addresses distressed assets and urban storage realty space.