MavensWood Investments Ltd. a London-based Private Equity and Venture Capital firm, have announced that it will invest in MyMahotsav, to acquire a majority stake. MyMahotsav is the world’s first community-driven social networking platform targeting a billion people worldwide who lead a modern lifestyle but are curious to find faith in their life, albeit in a fun way. MyMahotsav is a London HeadQuartered startup that was developing its feature-rich platform in a stealth mode for a long. The partners believe they want the product to be matured for a modern-minded young and upmarket faithseeker.
Observances of Diwali differ depending on region and tradition. Among Hindus the most widespread custom is the lighting of diyas (small earthenware lamps filled with oil) on the night of the new moon to invite the presence of Lakshmi, the goddess of wealth. Diwali is generally a time for visiting, exchanging gifts, wearing new clothes, feasting, feeding the poor, and setting off fireworks (though such displays have been restricted to limit noise and other environmental pollution).