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Business

Magenta signs MoU with the Government of Tamil Nadu to invest over Rs. 250 crores to set up an EV manufacturing plant

Nov 25, 2021 by Rekha Nair 0 Comments #and CEO, #Magenta, #Managing Director, #Maxson Lewis

Magenta, a leading Indian Charge Point Operator (CPO) company, signed a Memorandum of Understanding (MoU) with the State Government of Tamil Nadu to invest in building the EV charging infrastructure in the state. Maxson Lewis, CEO and MD, Magenta, signed the MoU in the presence of the Honourable Chief Minister of Tamil Nadu, Thiru. M.K. Stalin at the Tamil Nadu Investment Conclave 2021 held in Coimbatore.

Under this agreement, Magenta will invest close to Rs. 250 crores & set up a manufacturing unit focused on the design, product development and architecture standards for EV technologies in the e-mobility space. The investment will be mainly for the R&D, manufacturing all cutting-edge technologies and a broader set of choices in the e-mobility segment. The move emphasizes Magenta’s commitment to electrification and development for EV solutions.

With the new manufacturing plant plans in TN, Magenta will provide job opportunities to local communities within the region and create around 500 jobs in the next two years in Tamil Nadu. Furthermore, over 1600 employees will be trained in EV charger manufacturing, assembly, installation and operations over the next five years. The facility aims to create a robust supply-chain ecosystem in and around the region & make Tamil Nadu EV ready.

Maxson Lewis, Managing Director, and CEO, Magenta, said, “We are glad to join hands with the Government of Tamil Nadu in strengthening their vision for building a robust EV ecosystem for India. Skilled workforce, Strong infrastructure, coupled with a government having a progressive and investor-friendly approach, makes the state poised to become the next EV hub in the county.”

Magenta has many firsts to its credit, including the solar-based EV Charging Stations, India’s first EV Charging Corridor for Mumbai – Pune Expressway, and ChargeGrid App, an integrated and automated network of all charging stations on Mobile.

Seed funded by HPCL in 2018 & incubated by Shell in 2019, Magenta is also backed by the Microsoft Startup Program further to strengthen its advanced technology platform for Electric Mobility. In 2020, Magenta had raised pre-series funding from JAN (JITO Angel Network) and LetsVenture. In May 2021, Magenta announced that it had closed its Series A funding by renowned Indian American philanthropist, billionaire, and serial entrepreneur, Dr. Kiran Patel.

Magenta was amongst the 59 companies that signed MOUs with the Tamil Nadu Government in the Investors Conclave organized by the Industries Department in Coimbatore.

Technology

Tata Steel shortlists AUS to provide drone-based solutions to multiple business verticals across India

Nov 16, 2021 by Rekha Nair 0 Comments #and CEO, #AUS, #Chief-Natural Resource Division at TATA Steel Ltd, #Founder, #Mr. Piyush Srivastava, #Vipul Singh

Mumbai: AUS (Aarav Unmanned Systems), the leading end-to-end drone solution start-up has been awarded multiple long-term contracts from various business verticals of Tata Steel to provide advanced drone-based enterprise solutions. AUS’s drones are expected to help Tata Steel operate their mines more effectively and enhance productivity, besides ensuring higher regulatory fulfillment and safety. AUS’s drone solution is helping the Projects team of Tata Steel to map the progress of the upcoming Kalinganagar Expansion Plant in Odisha. The integrated steel complex will be the largest in India with a capacity of 8 million tons. In another contract from the Tata Steel Corporate Audit team, AUS has signed a Two-year rate contract to carry out drone-based physical verification of bulk inventory at all the 23 locations across multiple Tata Steel entities. For the Natural Resources Division of Tata Steel, AUS will carry out monthly drone surveys of the mining leases of Tata Steel Ltd. and deliver advanced Mine Analysis. Tata Steel Ltd. also signed a contract with AUS to procure three survey-grade Drones for serving internal survey requirements and RnD applications.

AUS & Tata Steel acquired exemptions for drone operations from the Ministry of Civil Aviation for One year across all the 23 mines, plant, and raw material locations. DGCA has approved AUS’s SOP for One year to operate drones at Tata Steel entities. This will ensure that all the operations for Tata Steel will be carried out with 100% regulatory compliance.

On winning the prestigious project, Vipul Singh, Founder, and CEO, AUS, said, “We are thrilled to bag multiple contracts based on our expertise in providing end to end enterprise solutions from our special purpose drone and data analytics platform. For Tata Steel, AUS drone solution will not only enhance monitoring and efficiency but also more sustainable business operations. A combination of world-class technology and a deep understanding of industry requirements has led us to emerge as the only vendor that qualified the operational requirements in an evaluation executed under real-world conditions.”

Mr. Piyush Srivastava, Chief-Natural Resource Division at TATA Steel Ltd said, “Technology is becoming increasingly ubiquitous in most industries and sectors today. The rapid pace of innovation is having a fundamental impact on the mining sector too. We are happy to associate with AUS, the new-age disruptor in drone technology to modernize our mining operations. The drone based digital survey & monitoring will bring in greater visibility and efficiency in mine management, land management as well as infrastructure management”

News

Delhi RWAs bat for uninterrupted doorstep delivery of fuel amid COVID-19

Jun 16, 2021 by Rekha Nair 0 Comments #and CEO, #Founder, #Mr Rakshit Mathur, #The Fuel Delivery

New Delhi: Resident Welfare Associations (RWAs) in Delhi have come forward to ensure the uninterrupted doorstep delivery of fuel amid COVID-19. All Dwarka Residents Federation (ADRF) supports an app-based door-to-door fuel delivery service provider to offer 24X7 doorstep delivery of fuel in West Delhi.

Though coronavirus cases have been on the decline, most of the population is relying on e-commerce for the doorstep delivery of essential items such as groceries, medicines and now fuel.

“We take pride in endorsing The Fuel Delivery’s initiative. The demand for fuel has increased exponentially during the lockdown, and this initiative facilitates doorstep delivery at one click and ensures convenience to customers. With its pathbreaking operational model and leveraging emerging technologies, The Fuel Delivery will redefine the energy landscape in India,” said Mr. Ajit Swami President of ADRF. The requirement of power would increase in Delhi with businesses opening up and the mercury rising, so we do not want residents of RWAs and our other members to face the trouble and why not when such an amazing service is available.

Commenting on this, Mr Rakshit Mathur, Founder, and CEO, The Fuel Delivery, said: “The COVID-19 pandemic has led to travel restrictions, thereby compounding the hardships of consumers. The doorstep delivery of fuel offers contactless delivery adhering to social distancing norms and save customers from the hassle of long queues at fuel stations. This is a commendable step taken by the All Dwarka Residents Federation (ADRF) in line with our commitment to ensure a superior customer experience even during the lockdown. We are enthused by their overwhelming response. To date, we have received several orders from metropolitan cities such as Mumbai and Delhi.”

Doorstep fuel delivery has become a necessity amid these unprecedented times. The Fuel Delivery has played an instrumental role in augmenting the battle against COVID-19 by ensuing uninterrupted diesel delivery services to housing societies and a few healthcare institutions.

According to reports on the preliminary sales data of state-owned fuel retailers, diesel consumption has soared by 75% to 1.93 million tonnes in the first half of May 2021 as compared to April 2021.

The Fuel Delivery had recently announced its entry into the Delhi market and is eyeing expansion plans in a phased manner to enter other key markets like Bengaluru Chandigarh, Hyderabad, Pune, Nagpur, Chennai and Kolkata in the next 12 to 18 months. The fuel delivery market is fast evolving, with oil marketing companies entering into an agreement with start-ups in the segment. The segment has the potential for start-ups to become a ‘Fuel Ent’ (Fuel Entrepreneur) while generating employment at the grass-root level.

About The Fuel Delivery:

The Fuel Delivery (TFD) is an endeavour to largely solve the issue of managing the fuel requirement efficiently, cost-effectively & most importantly, safely. We deliver diesel to users in the manner prescribed by the Ministry of Petroleum & Natural Gas (MoPNG) & licensed by PESO (Petroleum & Explosives Safety Organization). With the help of an App, users are able to manage & track orders until delivery. Also, the app tracks customer’s usage, give timely & recurring notifications to end-user to monitor the requirement & be stress-free.

Easing it further, for our customers, our tanker monitoring system generates and provides an auto alert to Automated TFD Command & Control Center and the truck for re-fuelling is dispatched with a notification sent to the customer. Users can also download invoices with a click of a button. Subject to Government regulations, we endeavour to revolutionize fuel delivery in India by transporting high-speed diesel to the doorstep of customers. For more information, please visit https://www.thefueldelivery.com.

Business World, News

Dukaan partners with Dunzo and Shiprocket – Integrates Delivery into the Platform

May 21, 2021 by Rekha Nair 0 Comments #and CEO, #Co-Founder and CEO of Shiprocket, #Dukaan, #Dunzo, #Founder, #Head - Strategy & New Initiatives, #Kartik Mishra, #Saahil Goel, #Summit Shah

Bengaluru, India: Dukaan, a leading SaaS platform for online stores, today announced that it has partnered with Dunzo, India’s leading on-demand commerce & delivery platform, and Shiprocket, a frontrunning tech-enabled logistics aggregation platform, to integrate delivery into the platform for a seamless retail experience. Pandemic-led surges in demand for home deliveries indicate a long-term trend that would become the upcoming normal in a post-pandemic world. Hence, it is essential that retailers prepare for the future by unclogging the obstructions to ensure more agile supply chain operations.

Shiprocket provides a fully automated end-to-end workflow from sending the inventory to dispatching and tracking orders, while Dunzo’s expertise lies in on-demand delivery that ensures customers get what they want when they want it. By integrating both capabilities into the platform, Dukaan’s 3.5 million merchants can not only automate their delivery systems but also acquire better control of their business with techniques to manage their deliveries across stores and consumers.

“While retailers are expediting digitization to future-proof their business, it is essential to bring delivery automation capabilities into the mix. The strategic partnerships with Dunzo and Shiprocket, provide enhanced and automated delivery capabilities at the core of the platform. The growing demands of delivery tracking rest on bringing predictability to order service time and delivering a great experience for consumers and we at Dukaan are always working towards building a seamless future for the retail industry.” Summit Shah, Founder, and CEO, Dukaan.

“Convenience has been the cornerstone of the experience we promise at Dunzo. Whether it’s users ordering groceries or merchants opting for our on-demand logistics, we aim to make everyday transactions in the offline world easy and seamless. Dunzo and Dukaan have partnered to empower merchants with better logistics, faster deliveries, and greater economic opportunities in a rapidly changing retail environment,” says Kartik Mishra, Head – Strategy & New Initiatives, Dunzo.

Saahil Goel, Co-Founder and CEO of Shiprocket added, “The Indian logistics industry has come a long way with respect to the adoption of cutting-edge technologies. Automation has propelled seamless last-mile deliveries and empowered logistics platforms to meet the growing demand for eCommerce. We are delighted to join hands with Dukaan to extend our tech-enabled shipping services for frictionless delivery of goods. We look forward to a fruitful partnership.”

An automated delivery system also helps retailers scale their business by reducing the time and effort spent on managing the logistics involved with each customer order. This in turn improves the experience for the end customer as well as those involved in the supply chain operations. Dukaan is a comprehensive platform that provides end-to-end solutions ranging from inventory management, promotions, sales, payment and delivery for sellers across the country.

Business World

Make this Eid Even More Special – Order Pista House’s Signature Haleem Across India with JustMyRoots

May 6, 2021 by Neel Achary 0 Comments #and CEO, #Founder, #JustMyRoots, #Samiran Sengupta

May 2021: Eid is now a blink away and like all the festivals, it brings delight and joy, lifting spirits. Food, of course, is a crucial part of every celebration and Eid is no exception. Keeping this in mind, JustMyRoots is now delivering Mutton Haleem from the famous Pista House in Hyderabad across India, bringing the delight of Eid to your home.

The signature aroma and texture of Haleem, each bite even more savory than the last – JustMyRoots ensures that the taste and authenticity of this mouthwatering dish are preserved with its state-of-the-art packaging and delivery system. This Haleem will make it to your plate from those big Handis – fresh and safe.

The only thing you need to do is stay at home and order today from JustMyRoots. They will be delivering across cities like Kolkata, Delhi NCR, Mumbai, Ahmedabad, Bangalore, Pune, Chennai, and Jaipur.

After all, what more can you ask for when the famous Mutton Haleem from Pista House, Hyderabad is going to be delivered right to your door? This Eid is going to be perfect.

Link to the website: https://justmyroots.com/home/shop-by-cuisine/hyderabad-pista-house

Speaking on the partnership, Samiran Sengupta, Founder, and CEO, JustMyRoots says “We understand that this Eid, our customers must be yearning for authentic Haleem, as good food brings happiness and strength. We want them to commemorate this auspicious day with JustMyRoots and Pista House, Hyderabad delicacies. So now stay at home and satiate all your lockdown cravings this Eid.”

Business World

Fintech startup, Nivesh bags Rs. 12 Crore Funding from IAN Fund; Targets to Increase Penetration of Financial Products in Indian Cities

May 5, 2021 by Neel Achary 0 Comments #and CEO, #Anurag Garg, #Founder, #Nivesh.com

Nivesh.com, a fintech startup has raised $1.6 Million led by IAN Fund. The round also saw participation from other co-investors including angel investors from Indian Angel Network, LV Angel Fund as well as other angel investors such as Vir Mehta and Raghav Kapur.

Nivesh is a mobile-first digital platform helping distributors of mutual funds and other financial products to deepen their penetration in the country. The platform enables distributors to expand their businesses and bring in new clients, who can now be serviced for different AMCs and hence experience improved portfolio performance. The company is founded by Anurag Garg, who had earlier co-founded mutualfundsindia.com and exited after acquisition by ICRA. The website was rated amongst the best 150 in the World by Forbes in 2001. Sridhar Srinivasan, the co-founder, brings deep tech understanding with experience from Infosys, Gridstone Research, Hurix System, etc. Together, Anurag and Srinivasan, bring complementary leadership to Nivesh which is targeting a largely untapped market.

The freshly infused capital will be utilized for the expansion of the product portfolio, specifically Insurance and Lending Products, in addition to bringing more investment products for its partners and customers. The expansion will also focus on technology enhancement by bringing in automation where customers will be suggested the right products on the basis of understanding their needs. Nivesh is also aiming to scale up partners onboarding and ramp up the team.

Speaking on the latest development, Anurag Garg, Founder, and CEO, Nivesh.com said, “We are looking at making Nivesh a full-stack platform taking care of all financial needs of our customers. So, we will continue to integrate all possible products towards that end. The aim is to increase the penetration of financial products like mutual funds, corporate FDs, insurance, etc., in India’s tier 2/3/4 cities. We, at Nivesh, follow a hybrid model of digital-first approach with human connect to reach people in every corner of the country.”

Further commenting, Padmaja Ruparel, Founding Partner of IAN Fund said, “As a digital-first platform, Nivesh’s pursuit is to solve the problem of low penetration of financial products in India. The company has adopted a unique tech-human approach as it offers cutting-edge technology-enabled solutions while providing an exceptional customer experience. But what excited us most is Anurag’s ability to lead the company to build a high-growth, digital platform catering to all financial needs of customers right across the country. And Srinivasan’s ability to architect and lead the cutting-edge technology evolution of this digital platform.”

Nivesh plans to enable access through more Indian languages for easier access to customers from different parts of the country and this will provide a huge fillip to the company’s growth. Nivesh’s technology is evolving but has ensured that a stable foundation, ensuring that the business grows rapidly.

In 2020, Nivesh was listed in WealthTech100, which is an annual list of the top 100 of the world’s most innovative WealthTech companies selected by a panel of industry experts and analysts. The selected companies were recognized for their innovative use of technology to solve a significant industry problem, generate cost savings or improve efficiency across the investment value chain.

The company has previously been funded by LV Angel Fund, Next Billion Fund managed by Windrose Capital, and marquee angel investors such as Vivek Khare, Basab Pradhan, Rahul Gupta, and Sandeep Shroff.

Business World

Airtel Payments Bank announces 6% p.a. interest on deposits over Rs. 1 lakh

May 3, 2021 by Neel Achary 0 Comments #Airtel Payments Bank, #and CEO, #Anubrata Biswas, #MD

Hyderabad, May 3, 2021: Airtel Payments Bank today said that its customers will get an increased interest rate of 6% p.a. on savings account deposits of over Rs. 1 lakh.

This follows Airtel Payments Bank becoming the first payments bank to implement the enhanced day-end savings limit of Rs 2 lakh as per the Reserve Bank of India (RBI) guidelines.

Anubrata Biswas, MD, and CEO, Airtel Payments Bank, said, “RBI’s increased savings deposit ceiling is a major milestone for payments banks as this was a key ask from customers. With an attractive 6% p.a. rate of interest on deposit sums in excess of one lakh, we are making our banking proposition even more rewarding. Our unmatched footprint of 500,000 banking points and a global first secure and simple experience delivered digitally, Airtel Payments Bank offers a market-leading proposition for both the urban digital and the rural underbanked customer.”

Airtel Payments Bank Savings Account Interest Rates from May 1, 2021

Rs 1-2 lakhs	6% p.a.
Upto Rs 1 lakh	2.5% p.a.

The new interest rate regime is an important addition to the Bank’s suite of simple, secure, and rewarding solutions. Customers can now open an Airtel Payments Bank account within few minutes with a video call from the Airtel Thanks app. The bank offers a digital savings account – Rewards123, which gives more value to customers when they transact digitally using the account. Furthermore, customers who have an Airtel number linked to their savings account can also enable Airtel Safe Pay – India’s safest mode for making digital payments.

Airtel Payments Bank has over 55 million engaged users across its operations.

Business World, News

Verloop.io fights the battle against Covid19…

Apr 29, 2021 by Rekha Nair 0 Comments #and CEO, #Founder, #Gaurav Singh, #Verloop.io

National: As India battles a second wave of the Covid-19 pandemic, Bangalore-based Verloop.io has joined in the battle to procure and distribute Oxygen Cylinders. This will aid patients from underprivileged backgrounds, as they await beds at hospitals. The company is forming a communication highway between those who need Oxygen and those who have it, including individuals and hospitals – by bringing in bot-powered efficiency to the system. It is working with medical manufacturers, NGOs, charities, food delivery networks, organizations, and groups associated with Covid-19 care, to build an “information bot” on WhatsApp.

“India is facing a humanitarian crisis of magnanimous proportions. As human beings and corporations, now are the time for us to work together in a way that ensures that the needy are served in the best manner possible. We are working towards a method to help provide Oxygen cylinders to patients who are unable to receive hospital care. This, we hope, will also reduce the stress on the healthcare systems as we battle the pandemic relentlessly,” said Gaurav Singh, Founder, and CEO, Verloop.io.

“We are handling the WhatsApp chat all the time to ensure it responds to everyone who is in need. We are keeping an eye on any specific information or emergency being called in the conversations,” he added.

KVN Foundation’s Mission Million Air bot powered by Verloop.io- +91 8047107750

“With the second wave of Covid19 hitting India hard, the under privileged are the most vulnerable and are hit hard. In 2020, we were able to serve 58 lakh meals for stranded migrant workers. We have embarked, now in April 2021, to save lives by supplying free oxygen concentrators to the needy so that they can get critical life support till they find a hospital bed, get access to doctors, or recover completely. “, said K.Ganesh, who along with Juggy Marwaha, Venkat Narayana & Neeraj Bhargava started the MillionAir initiative under the FeedMyCity umbrella of KVN foundation.

“Verloop.io has collaborated with us in our combat against the virus by providing a WhatsApp automation bot that enables us to get the right resources to the right folks on time”, he adds.

Verlopp.io has also opened its platform free-of-cost to NGOs and other institutions which are working to provide Covid care. It has already partnered with KVN Foundation which is working to provide emergency Oxygen support. Razorpay and Verloop.io also came together to help NGOs raise donations via WhatsApp chatbot. The programme is currently active in Bangalore and Mumbai and is looking to expand to other cities as well.

News, Technology

Excitel bolsters its fiber footprint, expands its Fiber-To-The-Home broadband services to 10 more cities in the first quarter of 2021

Apr 15, 2021 by Rekha Nair 0 Comments #and CEO, #co-Founder, #Excitel., #the CO-Founder and CEO of Excitel, #Vivek Raina

India: India’s leading and fastest fiber broadband network provider, Excitel, recently launched its fiber broadband services in Nizamabad & Khammam in Telangana; Rawatsar in Rajasthan; Kakinada & Bhimavaram, Andhra Pradesh; Farrukhabad, Padrauna, Akbarpur and Sonbhadra in Uttar Pradesh and in Mangalore, Karnataka. The expansions are an attempt to strengthen Excitel’s presence in the country while offering customers the option to opt for truly unlimited plans bundled with the technological prowess of fiber broadband, at a bargain.

Commenting on the launch, Vivek Raina, Co-founder, and CEO, Excitel, said,“ For speedy implementation of Digital India programme, access to a Fiber wireline internet connection with plans tailored for different kinds of audience is pertinent. Excitel plans on offering cutting-edge technology to underserved regions of Tier 1, Tier 2, and Tier 3 cities that have been largely ignored by telcos.”

“It gives me immense joy to share that Excitel is now present in 28 cities and has embarked on a journey to provide world-class FTTH facilities at affordable rates to towns like Nizamabad, Khammam, Rawatsar, Kakinada, Bhimavaram, Farrukhabad, Padrauna, Akbarpur and Sonbhadra and Mangalore.” shared the CO-Founder and CEO of Excitel.

The operations in these cities have already commenced. All broadband plans are available to future/customers since the operational roll-out.

Excitel for the year 2021, envisions to spread its fiber network to 50 cities in the country. The company is attempting towards extending truly unlimited and budget-friendly plans to its consumers. Recently, the company also launched an OTT bundle pack, consisting of premium membership for leading content players like Zee 5 and Voot Select.

News, Technology

Gartner recognizes WiJungle, the Make in India product among the highest-rated vendor globally…

Apr 15, 2021 by Rekha Nair 0 Comments #and CEO, #co-Founder, #Mr. Karmesh Gupta, #WiJungle

WiJungle, a Unified Network Security platform has been recognized among the Highest Rated Vendor globally for the second consecutive year in Network Firewall. The Gartner’s “Voice of the Customer” is a document that synthesizes Gartner Peer Insights’ reviews for the previous year into insights for IT decision-makers. This peer perspective, along with the individual detailed reviews, is complementary to expert research and can play a key role in your buying process, as it focuses on direct peer experiences of implementing and operating a solution.

WiJungle, a Unified Network Security Platform currently offers the capabilities of Router, Network Firewall, Web Application Firewall, Hotspot Gateway, Data Leakage Prevention, WAN Edge, Vulnerability Assessment etc. all through a single appliance.

We believe our unique proposition of the unified solution which also includes AI & ML driven network & security components and extensive third-party integrations along with round the clock support has turned out to be the prime strength. Our ability to reduce an organization’s network complexity, investment while simplifying their day-day management are key deliverables.

It is a great achievement that for the second consecutive year we are being acknowledged for our efforts in this space. The fact we have been praised for overall product capabilities, support & service & willingness to recommend, underpins the continuous progress we have made in the unified network security segment. WiJungle further looks forward to adding many other new capabilities as a part of the unified platform & launch it as a service form factor in near future.” said Mr. Karmesh Gupta, Co-Founder, and CEO, WiJungle.

Gartner Peer Insights is a peer review and rating platform designed for enterprise software and services decision-makers. Reviews go through a strict validation and moderation process in an effort to ensure they are authentic.

WiJungle, a Make In India firewall company headquartered in Jaipur serves private and govt giants across 27 countries worldwide.

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