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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102271) | |
22421. Apple's first online store in India to launch on September 23
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- Apple is finally debuting its online store in India, and it is scheduled to launch on September 23. Apple will offer its full range of products along with direct customer support through online team members.
- Customer support will be available in both English and Hindi at Apple's online store. The “Apple Specialists” will help customers in finding out about new products, and also custom-configuring Mac devices.
- Apple also plans to hold free online “Today at Apple” sessions on photography and music in October. It will also offer signature gift wraps and personalised engraving for select products.
22422. Democratising credit: This fintech startup led by BFSI veterans is disrupting SME lending with AI
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- 1. Nexus Venture Partners-backed startup Namaste Credit marries a B2B loan marketplace with an AI-based credit underwriting engine to help banks and NBFCs lend to SMEs. It has disbursed loans worth Rs 3,000 crore.
- 2. There are 60 million SMEs in India, and only 35-40 percent get access to any kind of formal credit. We wanted to build a product and tech company that could democratise SME lending in the country.
- 3. The Bengaluru-based startup wanted to solve essentially two problems — SMEs discovering credit, and lenders underwriting credit.
22423. [फंडिंग अलर्ट] गेम डेवलपमेंट स्टार्टअप SuperGaming ने सीरीज A राउंड में जुटाए 5.5 मिलियन डॉलर
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- 1. सिंगापुर-मुख्यालय वाले सोशल गेमिंग प्लेटफॉर्म SuperGaming ने Skycatcher, AET Fund (venture arm of Akatsuki), BAce Capital, Dream Incubator, 1Up Ventures, और मोनीश दर्डा से सीरीज A राउंड में 5.5 मिलियन डॉलर (लगभग 40.8 करोड़ रुपये) जुटाए हैं।
- 2. कंपनी के पब्लिशिंग डिविजन का निर्माण करने के लिए वर्तमान में 120 लोगों की टीम को एक वर्ष के भीतर बढ़ाकर 200 से अधिक करने के लिए नई फंडिंग का उपयोग करेगा।
- 3. विश्व स्तर पर सफल मल्टीप्लेयर गेम बनाने की अपनी क्षमता दिखाने के बाद, हम अब अपने वर्ल्ड-क्लास टैलेंट पूल का विस्तार कर रहे हैं और नए टाइटल्स के डेवलपमेंट में तेजी ला रहे हैं
- 4. कंपनी एक बड़े बैटल रॉयल गेम पर काम कर रही है, जिसके 2022 की शुरुआत में लॉन्च होने की उम्मीद है।
22424. KKR to Invest ₹ 5,550 Crore in Reliance Retail Ventures
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- Reliance Industries Limited (“Reliance Industries”) and Reliance Retail Ventures Limited (“RRVL”) announced today that global investment firm KKR will invest ₹ 5,550 crore into RRVL, a subsidiary of Reliance Industries. This investment values Reliance Retail at a pre-money equity value of ₹ 4.21 lakh crore. KKR’s investment will translate into a 1.28% equity stake in RRVL on a fully diluted basis.
- Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said, “I am pleased to welcome KKR as an investor in Reliance Retail Ventures as we continue our onward march to growing and transforming the Indian Retail ecosystem for the benefit of all Indians. KKR has a proven track record of being a valuable partner to industry-leading franchises and has been committed to India for many years. We look forward to working with KKR’s global platform, industry knowledge and operational expertise across our digital services and retail businesses.”
- Henry Kravis, Co-Founder and Co-CEO of KKR, said, “We are pleased to deepen our relationship with Reliance Industries through this investment in Reliance Retail Ventures, which is empowering merchants of all sizes and fundamentally changing the retail experience for Indian consumers. Reliance Retail’s new commerce platform is filling an important need for both consumers and small businesses as more Indian consumers move to shopping online and the company offers tools for Kiranas to be a critical part of the value chain. We are thrilled to support Reliance Retail in its mission to become India’s leading omnichannel retailer and ultimately to build a more inclusive Indian retail economy.”
22425. How this adtech professional launched a dating app for Indian users
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- 1. The Bengaluru-based app offers a slew of features between Rs 90 and Rs 2799 to attract users from every background looking to date. Major chunk of users come from metro cities followed by Tier II and Tier III towns.
- 2. According to Statista, dating apps are projected to be used by 4.3 percent of India’s population by 2025 – up from 3 percent in 2021.
- 3. To take this inhibition away, the Meotida Pvt. Ltd. run dating app provides topic suggestions people can use to start their conversation. The app also claims to keep a very strict tab on flagged accounts.
- 4. HiHi currently has over 100,000 downloads, according to data available on the Google PlayStore.
22426. Amazon India launches third fulfilment centre in Ahmedabad
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- With this infrastructure expansion, Amazon.in will now offer storage capacity of more than 1.5 million cubic feet across three FCs to its more than 80,000 sellers in Gujarat.
- Spread over more than two lakh square feet area, the new FC will help sellers offer a wider selection within the region and neighbouring states, it said in a statement.
- "With this expansion, SMBs in Gujarat will benefit both in terms of economic growth and reach to a wider customer base. With the new launches, we will be able to continue to seamlessly cater to the growing demand from customers so they can stay home and stay safe, while creating thousands of job opportunities in the state."
22427. कैसे भारत में गांजा और भांग सोर्सिंग का चेहरा बदल रहा है यह लाइसेंस प्राप्त स्टार्टअप
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- 1. औरिक सेनगुप्ता, गौरव लाडवाल और शुभम सौरभ द्वारा 2019 में स्थापित, Terraphilic भारत का पहला लाइसेंस प्राप्त भांग की खेती का स्टार्टअप है, जिसका अर्थ यह हुआ कि इसे कानूनी रूप से व्यावसायिक खपत के लिए भांग उगाने की अनुमति है।
- 2. स्टार्टअप के पास उत्तराखंड में दो एकड़ का खेत है, जहां वह वर्तमान में फ्रांस से कानूनी रूप से आयात किए गए बीजों से चुने हुए, नियामक-ग्रेड भांग की खेती कर रहा है।
- 3. कंपनी ने पहले ही तीन बड़े ग्राहकों को जोड़ा है, जिनमें से दो अंतरराष्ट्रीय हैं - एक कोरियाई स्किनकेयर ब्रांड जो अपनी त्वचा देखभाल उत्पाद लाइन में गांजे का उपयोग करना चाहता है, और एक हांगकांग स्थित कंपनी है।
- 4. टेराफिलिक द्वारा खेतों में काम करने वाले लगभग 90 प्रतिशत लोगों में महिलाएं शामिल हैं। स्टार्टअप उस गांव की 20 लड़कियों के लिए ट्यूशन फीस का भुगतान भी करता है जहां फार्म स्थित है।
- 5. अगले दो वर्षों में अपनी कृषि योग्य भूमि को 250 एकड़ तक विस्तारित करने और भारत में अग्रणी गांजा-आधारित दवाओं का विस्तार करने की योजना बना रहा है।
22428. [Funding alert] Fintech startup smallcase raises $14M in Series B round led by DSP Group
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- The funding will be used by the startup to continue enhancing the infrastructure stack, add more investment products and partners to the platform, and expand its technology and product teams. Bengaluru-based capital markets infrastructure startup smallcase has raised $14 million in Series B financing round led by DSP Group along with existing investors Sequoia Capital India, Blume Ventures, Beenext, and WEH Ventures.
- Founded in 2015 by IIT Kharagpur alumni - Rohan Gupta (ex-Goldman Sachs), Anugrah Shrivastava (ex-Nomura), and Vasanth Kamath, smallcase works with capital market participants (including brokerages, advisors and digital wealth platforms) to offer simple and transparent investment products called smallcases.
- The platform is integrated with Indian brokers including Zerodha, HDFC Securities, Kotak Securities, 5Paisa, AxisDirect to offer stock and ETF smallcases to their client base. In the last three years, the startup said the number of active brokerage accounts has grown by 2.5x and smallcases have emerged as the primary product offering from India’s leading brokerages for these new accounts. The smallcase investor base has grown by 8x in the last two years to 1.5 million and over Rs 5,000 crore have been transacted in smallcases, it added.
22429. [Funding alert] Agritech startup AgroWave raises $500K from US-based investor
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- Gurugram-based AgroWave has raised close to $500,000 in funding from US-based investor Sekhar Puli. Started in 2017 by Anu Meena (now 26), an IIT Delhi alumni, AgroWave is working to build sustainable supply chain for fruits and vegetables.
- The company will use the funds to scale its mobile pickup station model in more villages and it is also building a price prediction model at the supply side for the farmers, for which the company will expand its technology team. Explaining about its prediction model, Anu said in a press release that the AgroWave mobile app will predict a price when the farmers will put a request to sell the produce.
- AgroWave plans to build more than 50 MPS(s) this year and is eyeing to raise funding of $10 million in the next one year to build 1,000 MPS(s) and utilise it in price prediction engine, smart route mapping, and data driven supply demand mapping systems.
22430. [Funding alert] Fitness startup Oga Fit secures investment from US-based Joyance Partners
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- Benagluru-based Oga Fit will be using the funds towards strengthening marketing efforts, content creation, and product development. According to a statement by the company, the funds will be used towards strengthening marketing efforts, content creation, and product development.
- In February this year, Oga Fit raised $330,000 from Inflection Point Ventures (IP Ventures). Apart from IP Ventures, the startup also counts David Giampaolo, CEO of Pi Capital and Sarva Yoga as its investors.
- This marks the venture capital partnership’s first-ever investment in an Indian startup since its inception in October 2017. Till now, Joyance claims to have made over eighty investments in companies with a deeper domain expertise in bioscience, neuroscience, food science, and VR/AR.