19 results found
The Indian government has officially removed the Merchant Discount Rate (MDR) for UPI and RuPay debit card transactions below ₹2,000, effective January 1, 2020. This significant policy aims to accelerate digital payment adoption across India, making small-value transactions free for merchants and co
RentoMojo, the Bengaluru-based furniture and appliance rental startup, has successfully secured ₹376 crore from anchor investors, including notable names like Kotak Mahindra MF and Nexus Venture Partners, as it prepares for its much-anticipated initial public offering (IPO). This significant pre-IPO
India marks a pivotal moment in AI with the unveiling of indigenous models like Sarvam AI's OpenHathi, BharatGen's BharatGPT, and Gnani.ai's advanced voice AI, aiming to democratize AI across India's vast linguistic diversity and foster digital inclusion.
NVIDIA's Nemotron 3.5 Lightning, a compact yet powerful 8-billion-parameter LLM optimized for AI agents, is now available on Oracle Cloud Infrastructure (OCI) Enterprise AI. This integration offers Indian businesses and developers a robust platform for deploying advanced, efficient agentic AI soluti
India's tech landscape is abuzz with significant developments, from Delhivery's strong Q1 results hinting at improved unit economics to Ola Electric's rebound, fueling anticipation for its potential IPO. These movements, alongside a growing list of startups eyeing public markets, underscore a maturi
Global PE firm TPG Growth has offloaded its entire stake in Indian logistics tech giant Shadowfax for ₹301.6 Cr, marking a significant exit and signaling evolving investor confidence in the booming Indian last-mile delivery sector. This transaction reshapes Shadowfax's cap table and underscores the
Bengaluru-based enterprise AI startup Kily has secured ₹30 crore in a seed funding round led by Sorin Investments to revolutionize commerce automation. This significant investment underscores the growing confidence in AI's potential to streamline operations for large retailers and brands in India an
Amazon has warned that AI-driven fraud is disproportionately affecting India's new online shoppers. These advanced scams leverage artificial intelligence to target digitally nascent users, posing a significant threat to trust and growth in India's booming e-commerce sector.
Myntra is leveraging Generative AI on Google Cloud's Vertex AI to transform both how Indian shoppers discover fashion and how sellers manage their catalogs, introducing features like natural language style search and automated product listings.
Despite a significant downturn in the broader IT sector, India has witnessed a remarkable 16% increase in Artificial Intelligence job listings. This counter-cyclical growth highlights AI's critical role in the future of technology and presents a unique opportunity for Indian students, developers, an
Bengaluru-based Avataar.ai has launched Varya, a revolutionary distilled video AI model designed to make advanced AI more accessible and affordable for Indian businesses by drastically cutting down computational resource requirements.
Former Infosys CEO Vishal Sikka has unveiled Hang Ten Systems, an AI startup focused on enterprise AI infrastructure, securing a significant $32 million in seed funding. This move marks Sikka's return to the tech leadership forefront, aiming to address critical challenges in deploying AI for large o
OpenAI has appointed Prabhjeet Singh, former President of Uber India and South Asia, as its new Managing Director for India. This strategic hire underscores OpenAI's commitment to India, a rapidly growing market for AI adoption and talent.
Users are reporting significant frustration with Google's new AI Overviews, citing 'disregard' glitches where the AI ignores explicit query instructions. This raises critical questions about AI reliability and trust in search, especially relevant for India's rapidly expanding digital user base.
A new benchmark from ServiceNow AI reveals that even leading voice assistants like Google Assistant and Alexa significantly struggle with Hindi-English code-switched speech, highlighting a critical gap for India's diverse linguistic landscape and immense potential for innovation.
Mumbai-based agency Django has launched JAG AI, a pioneering platform designed to help brands build and integrate AI-first marketing teams around Anthropic's powerful Claude models. This move aims to empower marketers in India with advanced AI capabilities for enhanced strategy and content creation.
Fairdeal.Market has successfully raised $15 million in a new funding round to significantly scale its B2B quick commerce platform. This investment will fuel operational expansion, enhance its technology infrastructure, and strengthen its presence in the rapidly growing Indian market for small and me
A groundbreaking open-source multilingual AI prototype debuted at the India AI Impact Summit, signaling a major step towards democratizing AI by bridging linguistic divides and fostering indigenous innovation across the nation.
Major financial maneuvers in India's startup scene include Madison India Capital's partial exit from Pine Labs for ₹357 Cr and Elevation Capital's ₹630 Cr Paytm share sale. Meanwhile, Gabit raises ₹36 Cr for expansion.