Krutrim AI launches mobile app🤖
Good Capital to invest $25M, DroneAcharya Bags Order, BHIM App To Join ONDC, Funding Deals and more.
Welcome, dear readers, to another inspiring edition of Rise & Shine.
"Don't wait for miracles, your whole life is a miracle."
- Albert Einstein
Today, we embark on a journey of discovery and appreciation with the profound words of Albert Einstein.
His reminder that life is a miracle encourages us to embrace each moment with gratitude and wonder.
Join us as we explore the magic of existence and uncover the daily miracles that surround us.
Tech Updates
Bhavish Aggarwal's Krutrim AI launches mobile app, opens up cloud infra for businesses
Krutrim, a Bengaluru-based artificial intelligence (AI) unicorn, on Saturday, announced graphics processing units (GPU)-as-a-service model for developers and startups to benefit from. Krutrim Cloud will be offering GPU-as-a-service on its AI computing infrastructure, allowing enterprises and developers to train and fine-tune their models.
Good Capital to invest $25M in Indian AI startups by 2025
Mauritius-based Good Capital, an early-stage venture investment firm, is dedicating $25 million to invest in AI startups in India by FY25. The firm plans to invest in 15-20 AI startups across early-stage and Series-A stages. Currently, 80% of Good Capital's pipeline consists of companies leveraging AI across various industries.
DroneAcharya Bags Order From Alter Dynamics
Dronetech startup DroneAcharya Aerial Innovations has bagged a work order of Rs 53 Lakh from Alter Dynamics & Artificial Intelligence. The project entails utlisation of drones for inspection of piles above water, catering to the stringent requirements of Abu Dhabi National Oil Company (ADNOC).
BHIM App To Join ONDC To Take On Rivals Google Pay, PhonePe
Digital payments app Bharat Interface for Money (BHIM) will soon be reportedly available on the government-backed Open Network for Digital Commerce (ONDC) in a bid to increase its shares in the Unified Payment Interface (UPI) transactions. The app will foray into the ecommerce space on ONDC via a separate division. With this, the users of the payments app would be able to shop for food and beverages, groceries, fashion, and apparel on the platform.
Funding Deals
Maiva Pharma, an injectables contract development and manufacturing organisation (CDMO), has bagged Rs 1,000 crore in primary and secondary funding from a fund managed by Morgan Stanley Private Equity Asia and India Life Sciences Fund IV.
Infinity Fincorp Solutions, an NBFC specialising in tailored property loans for MSMEs, has secured an additional $8 million from Archerman Capital in an extension to its recent $26 million funding round led by Jungle Ventures.
SaaS (software-as-a-service) startup Plotline has raised $2.6 million (Rs 20.9 crore) in a seed funding round from venture capital firm Elevation Capital.
Growth marketing firm Pravis, founded by former co-founders of Momspresso, has acquired a significant stake in adtech gaming platform StreamO.
🪄 Short Story: Embracing the Miracle
In a bustling city, Emma paused to watch the sunrise, reminded of Einstein's words.
As the golden hues painted the sky, she marveled at the beauty of existence.
Each breath, each heartbeat, is a testament to the miraculous nature of life.
With renewed awe, she set out to seize the day, embracing every moment as a precious gift.
Tweet of the day🐥
Let us cherish the miracle of life and savor each moment with gratitude and wonder.
Thank you for joining us on this journey of discovery.
Stay tuned for our next edition, where we will continue celebrating the wonders of existence.
Embrace the magic!
Feel free to share it with someone who could use a little inspiration. Let's pass on the good vibes and make someone's day!
Thanks for reading till the end!
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