BUSINESS
Uniphore has early-mover advantage as there is secular demand for AI today: CEO Umesh Sachdev
The AI world will have more jobs but it will be different and the existing roles need reskilling, says Sachdev
BUSINESS
Chennai will be the AI hub of India soon, says Uniphore’s CEO Umesh Sachdev
The company has set up its first AI Innovation hub in Chennai and will be adding more workforce in the areas of data science, engineering, AI and research
BUSINESS
Angel One acquires fintech firm DStreet Finance to focus on GenZ engagement
Leading online stock brokers are increasingly focussing on education and content creation through videos especially in vernacular languages to reach younger users as well as users across tier III and IV cities in India.
BUSINESS
Festive season demand drives electric 2W sales to cross 70,000 in October
The overall EV two-wheeler penetration in the market grew 5.1% and Ola Electric maintained its top spot with a market share of 31%.
BUSINESS
Adoption of AI and automation will require 16.2 million Indian workers to upskill by 2027
India’s tech-hub Bengaluru is seeing the highest demand for tech talent specifically in Gen AI and automation, according to the report.
BUSINESS
Freshworks reports a 19% jump in consolidated revenue at $153.6 million, targets $1 billion revenue by 2026
Freshworks' non-GAAP income jumps to $17 million in Q3 as against a loss of $3.1 million last year. The firm is planning to monetise its Freddy AI offerings from Q1 of 2024.
BUSINESS
Vridhi Home Finance raises Rs 150 crore in series A round from Elevation Capital
The Bengaluru-based startup will be expanding its branches within Karnataka, Andhra Pradesh and Telangana in the next 12-18 months
BUSINESS
Indian enterprise SaaS firms adopt novel strategies to survive macroeconomic pressure
One of the largest Indian SaaS players, Zoho, said that it witnessed a very steep demand slowdown in September.
BUSINESS
BharatPe's chief product officer Ankur Jain resigns
This comes at a time when the company is continuing to see some top-level exits within the last few months.
BUSINESS
Rapido pilots cab ride hailing and hyper local delivery
Rival Ola also entered the parcel delivery service segment recently through the launch of 'Ola Parcel'. The parcel delivery space is currently dominated by players like Porter, Swiggy Genie, Uber and Dunzo
BUSINESS
Ola Electric closes Rs 3,200 crore funding round in a mix of debt and equity
The funds raised will be used to expand Ola's EV business and to set up India's first lithium-ion cell manufacturing facility in Krishnagiri, Tamil Nadu, the firm said in a statement.
BUSINESS
Mobikwik-owned Zaakpay gets RBI's in-principle nod to operate as payment aggregator
The in-principle nod comes two years after Mobikwik filed an initial application with the RBI. In 2021, Mobikwik applied for the PA license for Zaakpay to RBI, however, the same was rejected and the firm re-applied in October 2022
BUSINESS
Zerodha rival Groww turns profitable, revenue jumps 266% to Rs 1,277 crore in FY23
In FY23, the Bengaluru-based fintech diversified its offerings like lending and UPI payments within its app.
BUSINESS
BharatPe clocks its highest-ever gross revenue in August 2023 at $23.5 million, ARR zooms to $282 million
The pick up in growth will not only give a fillip to its plans for a public listing but also comes as a relief, after the high drama that roiled the startup in the last year.
BUSINESS
Paytm to add 1.5 million PoS devices every quarter, bets big on merchant lending
As of September 2023, Paytm has a merchant base of around 3.8 crore and merchant paying subscription for devices has reached 92 Lakh an increase of 44 Lakh YoY and 14 Lakh QoQ.
BUSINESS
Ola dangles Rs 70K monthly earnings for riders in push to expand e-bike taxi service
Ola is scaling up e-bike taxi operations in Bengaluru even as it waits for a licence from the Karnataka transport department.
BUSINESS
Google Pay launches consumer and merchant lending products, enables credit on UPI
The company said that it is collaborating with partners in the financial ecosystem, including banks and NBFCs, to create products aimed at addressing the credit gap in India.
BUSINESS
BIS approves India’s first-ever indigenous charging standard developed for light EVs
According to experts, this standard addresses a large gap that existed in the market for a standardised connector for AC & DC combined charging systems for light electric vehicles
BUSINESS
Wealth and asset management startup Neo bags $35 million funding from Peak XV
Neo is also seeking an Non-Banking Financial Company (NBFC) license to enter into lending to its existing clients.
BUSINESS
Whatfix is building its own Gen AI vision model, says CEO Khadim Batti
The statement comes at a time when large SaaS players like Zoho are working on building their own large language models to power generative AI
BUSINESS
TaxiForSure cofounder's fintech venture Zolve secures $100 million debt facility
Zolve plans to use funds to offer credit products to migrants in the US. The firm is planning to expand its geographical presence with the new funding
BUSINESS
SaaS firm SuperOps.ai raises $12.4 million in Series B funding round
Founded in 2020 by Arvind Parthiban and Jayakumar Karumbasalam, SuperOps.ai simplifies the IT management process and workflow of managed service providers on a unified platform
BUSINESS
Rupay goes international; UAE to use the tech for creating domestic card network
NPCI International announced a strategic partnership with Al Etihad Payments (AEP) to advance the development of the UAE’s first national Domestic Card Scheme
BUSINESS
Ola launches all-electric parcel services in Bengaluru
The intra-city parcel delivery space is currently dominated by players like Porter, Swiggy Genie, Uber and Dunzo. Ola's close rival Uber also has parcel delivery service offering through 'Uber Connect'.
