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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102265) | |
21851. This edtech startup aims to provide holistic education by integrating liberal arts with science and technology
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Your Story
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- The Bengaluru-based edtech startup takes a holistic approach towards education and is looking to provide courses on history, culture, communication, diversity, and so on to provide soft skills to technical engineering and management students.
- The founder also revealed that the company, which was initially expected to launch in March this year, got delayed due to the COVID-19 pandemic. The startup is looking to officially launch its product this month (November), and has already partnered with institutions for starting the courses for the upcoming batches.
- “Due to the coronavirus crisis, our operations started only in July 2020. While it delayed the product development process, this came as a blessing in disguise as during this period the government announced the National Education Policy, which perfectly aligns with DALHAM’s core thought of holistic learning and liberal education, especially with regard to higher education,” he adds.
21852. Start-up Homingos secures funding from global and Indian investors
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
ANI
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- Bangalore-based start-up Homingos, building one of the world's first Augmented Reality (AR) based social networking platform, today announced a round of funding. Founded by Shourya Agarwal, Malhar Patil and Rajat Gupta, BITS-Pilani graduates, Homingos will use the investment to accelerate the development of a first-of-its-kind intelligent, scalable and seamless AR powered platform and camera interface.
- Using the Homingos camera app as an interface to the real world, the platform will allow users to experience the magic of AR as they connect, share, express and interact in ways rarely experienced before.
- The funding will also go towards user acquisition, strengthening the talent pool and developing innovative tools as the mainstay of social sharing, going beyond games, filters and effects. User-generated content is the lifeline of any social networking platform. One of Homingos' early offerings, "Smartphotos" has turned out to be the new way of how people store videos in a printed photo. Any user can order a Smartphoto through the Homingos website or the mobile app, by uploading or creating a video.
21853. Xiaomi to invest ₹100 crore in India over the next two years
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
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India
Mint
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- Chinese smartphone maker Xiaomi said it will invest ₹100 crore in India to double its retail touch points in the country to 30,000 in the next two years. The investment will help retail partners set up and run these new stores. The company said it wants to “foster retail entrepreneurship" in rural markets, and the investment will create over 10,000 new jobs.
- It will also open a new Mi Retail Academy, where it plans to train sales and customer management staff in skills like in-store designing, marketing, customer service and retail excellence.
- With this new initiative, we are determined to expand our presence and reach out to our customers in the convenience of their home towns," said Manu Jain, managing director of Xiaomi India. Xiaomi owns 26% of the Indian smartphone market share by shipments, followed by Samsung with 19% share.
21854. Gulf Capital plans investment of Rs 250 crore to open 18 ART fertility clinics in India
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
The Economic Times
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- Alternative asset management firm Gulf Capital said it plans to invest a total of Rs 250 crore in India to open 18 ART Fertility Clinics to provide fertility treatment across the country in two years.
- The first two clinics in Gurugram and New Delhi have commenced operations. They will be followed by clinics in Ahmedabad, Hyderabad, Mumbai, Chennai, Bengaluru and Kolkata in the next four months, Gulf Capital said in a statement.
- ART Fertility Clinics India CEO Vinesh Gadhia said, "We are very bullish about our aggressive plans to launch 18 states of art IVF clinics across India in two years. We have plans to invest a total of Rs 250 crore in India in two years". ART Fertility Clinics was started as an extension IVI RMA Global in 2015 under the brand name IVI Middle East. In Jan 2020, IVI RMA divested its ownership to Gulf Capital and the entity was rechristened as ART Fertility Clinics.
21855. Onmobile investment: ऑनमोबाइल ने वीडियो ऐप चिंगारी में किया 95 करोड़ का निवेश
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
Hindi
India
India.com
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- बेंगलुरु स्थित दूरसंचार कंपनी ऑनमोबाइल (Onmobile) ने स्वदेशी शॉर्ट-फॉर्म वीडियो ऐप चिंगारी (Short form video app chngari) में 95 करोड़ रुपये का निवेश किया है.
- इस करार के एक हिस्से के तौर पर ऑनमोबाइल (Onmobile) अपने डायरेक्ट-टू-कंज्यूमर गेमिंग प्लेटफॉर्म ओन्मो (OMNO) का चिंगारी ऐप (Chingari App) पर एकीकरण और वितरण करेगी और इसके तहत लाखों की संख्या में यूजर्स की सेवा करने के लिए अन्य मोबाइल उत्पाद एकीकरण पर सहयोग किया जाएगा.
- दूसरी तरफ चिंगारी द्वारा राशि का इस्तेमाल अपने कंटेंट पोर्टफोलियो का विस्तार करने, टॉप टैलेंट को हायर करने और अपने यूजर्स की संख्या में तेजी लाने के लिए किया जाएगा. चिंगारी ने कहा कि इस निवेश से यूजर्स की 5.6 करोड़ की संख्या को 10 करोड़ तक ले जाने में मदद मिलेगी.
21856. [Startup Bharat] Enterprise SaaS firm Kovai.co wants to do for Coimbatore what Freshworks did for Chennai
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
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India
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- The knowledge-based software that offers content producers and consumers state-of-the-art search, real-time data analytics, tutorials, technical documentation, and self-service guides has acquired 300 customers, and is the fastest-growing product in the Kovai.co portfolio.
- Everybody is trying to standardise their documentation, especially now after COVID-19. Document360 is well-suited for remote-working setups. Moreover, the millennial crowd doesn’t want to contact support. Hence, it is becoming critical for companies to have a self-service knowledge base. That way they can reduce their customer support cost significantly, and people can find relevant answers to their questions quickly.
- The founder says, “We are both in the same space and building the same kind of features. So, we wanted to collaborate and make it bigger. Cerebrata is focused on individual developers, while we are focused on big companies. Due to the complementary nature of both products, we saw a huge potential for cross-selling between our customer bases. We are expecting an additional 15-20 percent top-line revenue growth through the Cerebrata acquisition.”
21857. [Startup Bharat] Gradeazy allows educational institutes to conduct online exams at just Re 1 per student
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
English
India
Your Story
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- Surat-based edtech startup Gradeazy offers an intuitive performance assessment platform that all institutes can use to conduct any kind of examinations, from MCQ to subjective tests.
- Speaking to YourStory, Dishant says, “ Even after a decade of digital transformation, we still do not see local institutes adopting online exam platforms. Ironically, it takes only Rs 7/km to reach Mars, but institutes pay Rs10-15 for every student attempting an online test.
- The co-founder says the edtech startup has managed to bring down the cost to just Re 1 per student attempt by using the latest technology. It aims to earn revenue not by charging high prices from one institution, but by lowering the prices enough for more education institutes to switch to an online exam process using Gradeazy.
21858. White Lotus to Invest Rs 100 Crore in Sustainability Space
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
Outlook
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- India – Business Wire India White Lotus has announced that it will invest a sum of Rs 100 crore in sustainability space. The amount will be used to set up infrastructure to practice and promote innovation to fuel sustainable practices across industry verticals, the Bengaluru-based company said.
- To take the plan forward, the company said it has set up a “venture studio” to help provide support that range from designing the idea/solution, business modelling, product designing, technology frame working, packaging, finance, HR, sales, and distribution access to mentoring, etc.
- The White Lotus Venture Studio will allow partners to design quickly, prototype, launch, and validate their businesses in the Indian market before scaling up. The studio also intends to provide investment for commercial manufacturing for selected ideas that have the potential to scale into successful businesses.
21859. This Bengaluru startup offers fantasy cricket fans an AI-powered platform to better manage their teams
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
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India
Your Story
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- Bengaluru-based strategy cricket manager simulation platform SuperCric allows cricket fans to put on their captain's hat and see how each choice they make affects the outcome of the match.
- The growing market for fantasy sports led Bengaluru-based sports-tech startup AnalytIQ Sports Technology Pvt Ltd to launch cricket manager platform SuperCric in September 2020 to capture this growth opportunity.
- “By testing choices and gauging possible outcomes through this tool, fantasy players have an opportunity to improve their chances of winning bigger. SuperCric is not a fantasy platform; it's the ideal tool for fantasy gamers to make smarter choices, and provide them with the probability of a win with a 90 percent accuracy rate,” says Suhail Chandhok, Co-founder, SuperCric.
21860. Silicon Valley investors Naval Ravikant, Balaji Srinivasan invest in Koo
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
Cnbctv
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- Silicon Valley investors Naval Ravikant and Balaji Srinivasan have made a bet on domestic microblogging platform Koo.
- Ravikant, who cofounded AngelList, and Srinivasan, formerly the CTO of Coinbase and General Partner at Andreessen Horowitz, are the latest angel investors to join Koo's cap table, after several Indian entrepreneurs, such as BookMyShow founder Ashish Hemrajani and Flipkart CEO Kalyan Krishnamurthty recently, invested in the platform.
- Koo founder Aprameya RadhaKrishna confirmed the funding and said "it will be great to have Balaji and Naval as a sounding board."