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Gravolite partners with JSG Women’s Yuva Kabaddi League 2024
Mumbai: Gravolite became the official supplier of Kabaddi Mats for the JSG Women’s Yuva Kabaddi Series scheduled to be held from 20th February 2024 to 26th February 2024 in Jaipur. These state-of-the-art mats have been approved by the Kabaddi Federation of India.
The Yuva Kabaddi Series is back with the 8th Edition for JSG Women Yuva Kabaddi Series 2024. For the first time in YKS women players are Participating and this will be a game changer in Kabaddi Ecosystem as there is no such series for women in the country apart from the usual nationals and open Local tournament.
Six teams are participating namely Palani Tusker, Aravalli Arrows, Murthal Magnets, Periyar Panthers, Himalayan Tahrs, and Panchala Pride. Players from Six different states Haryana, Tamil Nadu, Rajasthan, Uttar Pradesh, Himachal Pradesh, and Delhi will be participating in the inaugural JSG women YKS 2024
Gravolite Kabaddi Mats will be used throughout the tournament considering the infrastructural requirement recommended by the Federation as per international standards and keeping in mind the safety and well-being of the athletes.
Gravolite director Vaibhavi Somani said, “Kabaddi as a sport has been gaining prominence over the years and we are thrilled to announce that Gravolite is the official supplier of Kabaddi Mats for this prestigious JSG Women’s Yuva Kabaddi Series 2024. At Gravolite, we are committed to manufacturing world-class mats that not only enhance the overall sports infrastructure experience but also prioritize the health and well-being of the players to avoid injuries. Our Gravolite Kabaddi mats offer the desired cushion base and floor padding, enabling athletes to perform their maneuvers effortlessly. Practicing and competing on professional mats like ours empowers sportspersons to elevate their performance and excel in international tournaments. We are honored to contribute to the success of JSG Women’s Yuva Kabaddi Series 2024 and the advancement of Kabaddi as a sport.
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UK’s OnlyFans seeks US investor at $3bn valuation after owner’s death
The adult video platform is seeking stability after the death of its billionaire owner
LONDON: OnlyFans is looking for a new partner. The London-based adult video platform is in advanced talks to sell a minority stake of less than 20 per cent to Architect Capital, a San Francisco-based investment firm, in a deal that would value the business at more than $3bn (£2.2bn).
The move is driven by an urgent need for stability. Leonid Radvinsky, the Ukrainian-American billionaire who owned OnlyFans, died of cancer last month at the age of 43, leaving the future of one of Britain’s most profitable privately held businesses suddenly uncertain.
The choice of Architect Capital is not arbitrary. The firm has deep expertise in financial services, which aligns neatly with OnlyFans’ ambitions to offer banking products to its creators, many of whom have long struggled to access basic financial services because of the nature of their work.
The numbers behind OnlyFans are, by any measure, staggering. The platform posted revenues of $1.4bn in the year to 30th November 2024, with a pre-tax profit of $684m, up four per cent on the prior year. Payments to creators totalled $7.2bn over the same period, a rise of nearly ten per cent. Radvinsky personally collected $701m in dividends from the business in 2024 alone, on top of more than $1bn in such payments he had already received. The platform, run through its parent company Felix International, hosts 4.6m creator accounts, with performers keeping 80 per cent of subscription proceeds and the platform pocketing the remaining 20 per cent. It has 377m fan accounts in total.
The current minority stake talks represent a notable scaling back of ambitions. In January, OnlyFans was reported to be in discussions with Architect about selling a majority stake of 60 per cent. Before that, the company had explored a sale to a consortium led by Forest Road Company, a Los Angeles-based investment firm. Neither deal materialised.
OnlyFans has built an enormously lucrative business on content that mainstream finance has long refused to touch. Now, with its owner gone and a $3bn valuation on the table, it is looking for the kind of respectable institutional backing that might finally persuade the banks to take its calls.
