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India to mandate NavIC📱, Infosys' $1.5 Billion AI Deal🤖
Aditya L1 Solar Mission, Agilitas Sports' Mochiko Move, Edge Computing in Space with KaleidEO, Funding Deals and more.
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📱 Indian Smartphone Mandate: NavIC Support Required 🇮🇳
The Indian government is poised to make it compulsory for smartphone manufacturers to incorporate support for NavIC, the homegrown navigation system, in their devices. NavIC, India's indigenous answer to the global GPS, will soon be supported by Apple in some of its newly released iPhone 15 models. This move represents a significant push towards self-reliance in India's tech industry. 🛰️📲
🤝 Infosys Inks $1.5 Billion Deal for AI-Powered Services 📈🤖
Infosys, India's prominent IT services provider, has secured a substantial $1.5 billion contract spanning 15 years with a global corporation. The partnership aims to enhance digital experiences and business operations, extensively using Infosys' platforms and artificial intelligence (AI) solutions. This strategic collaboration underscores the growing significance of AI in the tech industry. 🌐💼
👟 Agilitas Sports Acquires Top Sports Shoemaker Mochiko 🏋️♂️
Agilitas Sports led by former Puma India head Abhishek Ganguly, has made a significant move by acquiring Mochiko, India's leading sports shoemaker. Mochiko is known for producing high-quality sports footwear for renowned international brands, including Adidas, Puma, New Balance, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks, and US Polo. This strategic acquisition strengthens Agilitas Sports' position in the sportswear industry. 👟🌍
🛰️ KaleidEO Space Systems: Pioneering Edge Computing in Space 🌌🚀
In a groundbreaking achievement, KaleidEO Space Systems, a Bengaluru-based startup, has become the first Indian company to demonstrate edge computing for capturing high-resolution images from an orbiting satellite in real-time. This milestone marks a significant leap in space technology, showcasing the fusion of cutting-edge computing and space exploration. KaleidEO's innovative approach is poised to revolutionize how we gather data and imagery from space. 🌠🌐
🌞 Aditya L1 Solar Mission: Navigating the Skies with Precision 🛰️🚀
India's maiden solar mission, Aditya L1, continues its remarkable journey through space, achieving another milestone. The Indian Space Research Organisation (ISRO) reported that the spacecraft executed its fourth earth-bound maneuver successfully. This precision maneuver has positioned Aditya L1 in a new orbit with parameters of 256 km x 121,973 km. 🌐🌟
Artha Group, which has Rs 1000 crore AUM, has announced the launch of Artha Continuum Fund (ACF), a syndicated fund for family offices and Ultra High Net Worth Individuals (UHNIs).
Homegrown venture capital firm Kae Capital has closed its Winners Fund II at $50 million. The fund was announced in mid-2020.
HotelYaari, a platform specializing in fractional ownership of holiday homes and hotel suites, has successfully raised $2.17 million (approximately Rs 18 crore) in seed funding from Alios Ventures.
Bengaluru-based astrology SaaS startup Melooha has raised $635K in an angel funding round led by US-based Streak Ventures LLC and a group of angel investors.
K12 Techno Services has raised investment from Kedaara Capital against a significant minority stake in the company.
Tweet of the day🐥
"Problems are not stop signs, they are guidelines."
🚀 That's a wrap for today's tech rollercoaster! Hope your day's charged up!
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