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Tata Neu comes on April 7️⃣, Pixxel launches 🛰 with SpaceX, CRED adds utility bill payments 💸
Tata Group's super app 'Neu' arriving on April 7, Pixxel launches 'Shakuntala' satellite with Elon Musk's SpaceX, CRED goes beyond credit card bills, Funding Deals & more.
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Tata Group's super app 'Neu' arriving on April 7 to take on Amazon, Jio🥊
Tata Group has finally announced to launch its much-anticipated super app called ‘Neu' on April 7, as it attempts to take on Amazon and Jio Platforms amid the stupendous growth in the consumer digital economy space in the 'mobile-first' country.
Tata Neu is an all-in-one platform that offers all the group's services on a single app. Users can find everything from groceries, to gadgets, to getaways on Tata Neu. People can also pay instantly for any online and in-store purchases, utility bills, and more, using Tata Pay.
For spending, the Tata Neu app offers rewards in the form of Neu coins that are redeemable for other services.
Other companies like Amazon, Paytm and Reliance Jio have already built their super apps, where they provide services such as payments, content streaming, shopping, travel bookings, groceries, etc.
India's consumer digital economy is projected to reach a massive $800 billion by 2030.
Spacetech startup Pixxel launches 'Shakuntala' satellite with Elon Musk's SpaceX🛰
A SpaceX rocket carried a low-orbit imaging satellite built by Bengaluru-headquartered startup Pixxel into space on Friday, a first for the company to place a slew of satellites in space to track earth phenomena, particularly climate change.
Launched on Friday aboard SpaceX`s Transporter-4 mission from Cape Canaveral in the US, this launch puts the company within touching distance of its ambitious mission to assemble one of the world`s most advanced constellations of low-earth-orbit imaging satellites.
Weighing less than 15 kg, Shakuntala (TD-2) is capable of capturing orbital images in more than 150 bands of color from the visible and infrared spectrum with a resolution of 10-meters per pixel, far exceeding the specificity hyperspectral satellites launched by NASA, ESA, and ISRO.
The satellite can beam down data relating to deforestation, melting of ice caps, gas leakage, crop health and other data critical for climate change assessments.
Payment issuance infrastructure platform CARD91 has raised $13 million in its pre-Series A round led by Infinity Ventures, Point72 Ventures, Sabre Partners, EMVC, and Commerce Venture.
Builder.ai, an AI-powered low-code/no-code app development platform has raised $100 million in its Series C funding round led by Insight Partners.
Venture capital firm 100X.VC said it is planning to invest INR 125 Cr (over $16.5 Mn) in 100 early-stage startups in the next 12 months.
CRED goes beyond credit card bills as it begins utility bill payments🏆
CRED, after sticking to upscale offerings till recently, seems set to tread into areas where it is likely to go up against mass volume players including Paytm, PhonePe, GooglePe and MobiKwik.
The signals were always there when it went for a mass property like the IPL in a big way as a sponsor to expand its user base, first in 2020. That association has only become bigger in 2022.
CRED has now added mobile, DTH, and FASTtag recharge options along with utility bill payments such as electricity, water bills and municipal tax through the app.
The Kunal Shah-led company has been offering cashback to compete with the aforementioned companies. With these features, CRED will also compete with Shah’s previous venture Freecharge which is now owned by Axis Bank.
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