Zoho Corp has also allocated Rs 221 crore for SMEs in Saudi Arabia wherein the companies can utilise the amount in wallet credits yearly for the next 10 years, to access Zoho's cloud applications for training.
The AI hype wave is settling, making the technology useful for enterprises has now begun, Vembu said.
PwC India and Zoho as per the tie-up, would focus on providing clients and businesses with transformation solutions such as customer experience platforms, custom applications, HR technology, and financial management applications.
BigBasket said it processes around five lakh orders per day and in the previous conventional model resulted in limiting visibility into the projected budget versus the actual budget.
Vembu claims that he never transferred shares and said that he will continue to support his wife and son as long as he is alive. He also blamed his uncle for the messy battle.
Vembu’s comments come at a time when startups in India across sectors are cutting costs aggressively in a bid to survive in the near term with VC and private equity (PE) funding slowing down amid a correction in global financial markets.
Zoho’s investment will help the company to scale its manufacturing capabilities, and thus reduce manual scavenging in India
As per the alliance, business account holders at Standard Chartered Bank can pay their suppliers either through cross-border payments or bank transfers from Zoho Books, Zoho's Cloud Accounting software.
Developed at zoho's new product centre in Tenkasi, the software collects multiple customer interactions, and thus enables the customer-support desk at a company to prioritize queries, access prior queries and use the data to enhance response times.
If you decided to start a company of your own, a significant part of your investment would be directed towards getting the tech interface up and running.