SBI invests $20 Mn in Pine labs

Pine Labs Pvt Ltd, a payment solutions provider aiming for a US listing, announced on Tuesday that it has raised an additional $20 million (approximately Rs 150 crore) in new investment from the State Bank of India (SBI). Pine Labs stated that the new funds will be used to scale Plural, its newly launched brand of online payment products, with the goal of becoming merchants’ preferred omnichannel partner. We are thrilled to have the largest bank of India, the State Bank of India, place their trust in us and welcome…

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The smart collar that lets you track your dog’s health

The Covid-19 pandemic has made everyone realise how important it is to monitor your health and stay fit. While people can purchase a variety of health-monitoring devices, Invoxia unveiled a Smart Collar for dogs at CES 2022. This device could be useful for pet owners who want to track the health of their dogs in order to address any issues that arise in advance. While the effectiveness of this product is unknown, the company claims that this Smart Dog Collar can monitor vitals such as resting respiratory and heart rate….

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This startup is helping MSMEs with its digital financing platform

The COVID-19 pandemic caused chaos on the supply chain ecosystem, wreaking havoc on micro, small, and medium-sized enterprises (MSMEs) and leaving them struggling to survive and build capital. Moglix, a Noida-based business-to-business (B2B) industrial goods ecommerce marketplace, saw the need for a financing platform at this time and launched Credlix. It is a digital supply chain financing platform that provides immediate collateral-free working capital solutions to the entire supply chain. “Unless MSMEs got paid, how would they produce goods to supply? Dwelling on this, we reached the point of realisation…

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This startup uses AI and IoT to develop solutions for mosquito control

When Prem Kumar Vislawath, Suraj Peddi, and Sai Kumar Chinthala founded Marut Drones in 2019, IIT-Guwahati classmates were attempting to solve the problem of mosquitoes near lakes in Telangana. The startup employs technology to develop solutions for mosquito control, rapid deforestation that contributes to climate change, the inaccessibility of timely medical supplies in remote areas, and agricultural inefficiencies. It combines the power of emerging technologies such as drones, the Internet of Things (IoT), and artificial intelligence (AI) with traditional scientific knowledge to create innovative drone solutions for healthcare, the environment,…

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Edtech startup UpGrad weighs on non linear growth options

UpGrad, an edtech unicorn, is weighing non-linear growth options through acquisitions and plans to increase its focus on outcome and profitability this year. Mayank Kumar, co-founder and Managing Director, anticipates massive growth in the edtech sector, and his seven-year-old start-up will nearly quadruple its registered learners base to 7.5 million in the next two years. “In 2022, there will be a strong emphasis on the outcomes and profitability. We foresee accelerated university partnership expansions, tie-ups with global universities to offer diversified online programmes in regions including India, the Middle East,…

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Central government is developing a policy to regulate edtech players

The central government is developing a policy to regulate the country’s edtech players. The proposed policy aims to reduce monopolies and prevent some edtech platforms from exploiting students through lofty promises or unfair practises. The Union Education Ministry is in discussions with the Ministries of Law and Electronics and Information and Technology (MeitY) to develop a common policy for the sector, which has seen a surge in the last two years. Education Minister Dharmendra Pradhan on January 3 said he respects edtech firms and is not against their business growth….

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Whatsapp banned 17 lakh indian accounts in November

WhatsApp banned 17,59,000 accounts registered with an Indian mobile number in the month of November. The Meta-owned chat app said in its latest compliance report, published in January, that it decided to ban accounts using the abuse detection approach, which includes feedback from other users and their appeals via the app’s Report feature. The compliance reports, which are due at the start of each month, are required by Rule4(1)(d) of India’s Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, which went into effect in 2021.WhatsApp, in these reports,…

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Shopsy will be the priority , said Flipkart CEO

Flipkart Group CEO Kalyan Krishnamurthy told in an interview that the company will scale up verticals such as grocery and hyperlocal deliveries alongside its value-focused platform Shopsy after investing in these verticals over the last year. This comes at a time when Indian ecommerce has seen the entry of younger players, a flood of investor capital, and incumbents like Flipkart and Amazon being challenged for the first time in many years. Instead of diversifying further this year, Krishnamurthy said the Bengaluru-based company, which is majority owned by the US-based retail…

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