### **Overview** Spacenet Enterprises India Ltd is a technology-driven listed company with a dual focus on **commodity trading** and **strategic investments in high-growth digital sectors**. The company is actively transforming into a diversified, innovation-led enterprise with significant exposure to **fintech, artificial intelligence (AI), proptech, GameFi, and Trade-Fi (trade finance)** ecosystems. Leveraging its regulatory-compliant commodity trading platform under the *Securities Contracts (Regulation) Act, 1956 (SCRA)*, Spacenet is building advanced digital infrastructure to serve MSMEs, commodity traders, and financial institutions. --- ### **Business Model & Strategy** Spacenet follows a **hybrid business model**, combining: 1. **Traditional Strengths**: Commodity trading (gold, agricultural & non-agricultural goods), supply chain financing, and structured trade finance. 2. **Growth Focus**: Strategic investments in emerging technologies and scalable fintech platforms through subsidiaries and partnerships. The long-term vision centers on: - Diversifying investments into high-growth tech sectors. - Enhancing presence in India’s digital financial services landscape. - Prudent capital allocation, operational efficiency, and risk management. --- ### **Key Operating Segments** #### **1. Commodity Trading & TradeTech** - Develops fast, reliable software tools for commodities trading. - Engages in the acquisition, trading, and holding of physical commodities including gold. - Builds blockchain-powered platforms for **structured trade finance and commodity financing**. - Offers end-to-end supply chain solutions such as import/export finance, buyers’ and suppliers’ credit, forex hedging, and trade risk insurance via partnerships with banks, commodity traders, and insurers. #### **2. FinTech & Trade Finance (Bill Discounting & TREDS)** - Operates a **bill discounting aggregation platform** connecting MSMEs, corporates, banks, and NBFCs. - Targets a **$100 billion Indian invoice discounting market**, aiming to bridge a **Rs 2.9 trillion funding gap** for MSMEs. - Registered with all **RBI-approved TREDS platforms**; insures trade receivables with top-tier credit insurers. - Growing demand driven by digitization and liquidity constraints faced by SMEs. #### **3. Strategic Technology Investments** Spacenet is strategically allocating capital to future-ready technologies: - **Fintech**: Strengthening stake in **BillMart.com**, investing in embedded finance and neo-banking. - **AI & Generative AI**: Strategic MoU and planned merger with **Pathfinder Enterprise Solutions**, a Chennai-based AI firm. - **Proptech**: Launched **Stratayield.com** through subsidiary Thalassa Enterprises — targeting distressed real estate and urban storage markets. - **GameFi & DeFi**: Incubating blockchain ventures in decentralized exchanges (DEx), yield farming, liquidity mining, and blockchain-based gaming. --- ### **Subsidiaries & International Presence** Spacenet owns four key subsidiaries, demonstrating geographical and sectoral diversification: | Subsidiary | Incorporation | Ownership | Focus Area | |-----------|-------------|---------|-----------| | **Thalassa Enterprises Ltd** | — | Majority-owned | Proptech (Stratayield.com) | | **Winteg People Solutions Pvt. Ltd** | — | Wholly-owned | HR/Recruitment Tech | | **Spacenet Tradetech HK Limited** | Apr 14, 2023 | Wholly-owned | FinTech & TradeTech (Hong Kong) | | **Spacenet Enterprises FZCO** | — | Unspecified | International Operations (UAE Free Zone) | - Total investment in **Spacenet Tradetech HK Limited**: **INR 2,207.94 lakhs** (as of Sep 2025), up from earlier investments totaling INR 412.40 lakhs. - **String Fintech HK Limited** reported **service income of INR 215.52 lakhs** (FY2025), validating revenue generation in its offshore fintech arm. --- ### **Recent Strategic Initiatives (FY 2024–25 & Beyond)** #### **Capital Raising & Deployment** - Raised capital via **preferential issue of equity shares** in FY2024–25. - Announced plans to raise **₹100 crore** to invest in **five new-age tech companies** across fintech, neo-banking, AI, proptech, and GameFi. - Funds are being deployed to scale digital platforms and accelerate growth in technology-led ventures. #### **Partnerships & Innovation** - **MoU with Pathfinder Enterprise Solutions (Jul 2023)**: - Integration of **RETAILGPT**, a generative AI platform, to create a **“phygital” retail ecosystem** across airports, shopping centers, and e-commerce. - Pathfinder’s **RAPPO** platform processed over **$1.4 billion GMV** at Dubai Duty-Free, showcasing scalable AI applications. - Joint leadership team includes Mr. D.V.S. Prakash Rao (Exec. Director, Spacenet) and Mr. Sadique Ahmed (MD, Pathfinder). - **Planned Merger**: - Proposal to merge Spacenet’s software division with Pathfinder, leading to **Pathfinder’s listing on the NSE**. - If approved, this will provide Spacenet shareholders **direct exposure to the generative AI market**, projected to grow from $100B to $2T by 2030. #### **Proptech Expansion** - **Stratayield.com** launched in Jun 2023 by Thalassa Enterprises: - Targets India’s **$150 billion distressed real estate market**. - Unique valuation models to unlock value between distress sale and fair market prices. - Urban storage solutions (e.g., attic-based secure document storage) for banks, CA firms, and households. - Plans to **list Thalassa Enterprises on NSE in 2024** to unlock shareholder value.