ChatGPT API released👨🏻‍💻, Swiggy sells Access Kitchens🍗, Fintechs eye ad revenues💸

ChatGPT API for developers, Swiggy sells Access Kitchens, Paytm, PhonePe, eye advertising revenues, Funding Deals, Fact and more.

Mar 03, 2023

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OpenAI releases ChatGPT API for developers👨🏻‍💻

OpenAI, the creator of ChatGPT, has allowed third-party developers to integrate its AI chatbot and Whisper into their apps and services with an application programming interface (API).

The Microsoft-backed firm also said that ChatGPT API users can expect continuous model improvements and the option to choose dedicated capacity for deeper control over the models.

OpenAI revealed that it has been working with a few companies, including Snapchat and Instacart, to integrate ChatGPT into apps.

Swiggy sells Access Kitchens business to Kitchens@🍗

Swiggy has sold its ‘Access Kitchens’ business to Kitchens@ in a share swap deal. The online food delivery decacorn has also joined Kitchens@’s board as a stakeholder following the acquisition.

Swiggy launched Access Kitchens in 2017. Under this vertical, Swiggy allowed restaurant partners to set up kitchen spaces in areas where they did not operate. The objective of the program was to help expand partners’ reach as well as give customers more variety.

Founded in 2018, Bengaluru-based Kitchens@ describes itself as a kitchen aggregator, which provides turnkey solutions to F&B brands to expand their presence with end-to-end services.

Healthtech startup SigTuple has raised Rs 34.5 crore ($4.3 million) in a fresh round of funding led by existing investors Endiya Partners and Accel.
Store My Goods, a startup offering storage solutions, has raised $1 million from JITO Angel Network promoted by JITO Incubation and Innovation Foundation.
Simple Viral Games, a mobile gaming platform raises Rs 4 crore (500,000 USD) in a pre-seed round led by WEH Ventures.
Voiceoc, a conversational artificial intelligence (AI) platform for hospitals has raised Rs 3 crore from BioAngels.
Private investment firm Mumbai Angels have invested Rs 3 crore in Jarsh Safety, a safety innovation company that builds safety wearables, typically for the industrial segment.

Funding Deals 💰

Fintechs Paytm, PhonePe, Google Pay eye advertising revenues from brands💸

With a captive user base and a high daily user engagement, fintech platforms like Paytm, PhonePe and Google Pay are increasingly gaining traction among direct-to-consumer (D2C) brands as an advertising destination and customer acquisition engines.

Paytm claims to have 89 million monthly transacting users on its platform. Rival PhonePe claims to have 440 million overall customers.

The cost per conversion on fintech platforms is much lesser than tech giants like Meta-owned Facebook, and Google.