Paytm Expanding📱, Indian IT's AI Security Vanguard🛡️
Paytm Expanding📱, Indian IT's AI Security Vanguard🛡️
Starlink's Indian Odyssey, Apple TV+ Joins Tata Play, Infosys's STARK Transformation Pact, Funding Deals and more.
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Tech Updates
📱 Paytm Expanding: Instant Mobile Credit 📈
Paytm's CEO, Vijay Shekhar Sharma, has unveiled the company's next venture: providing instant small credit through mobile phones. This move signals Paytm's commitment to expanding its financial services, making credit more accessible for users. 🚀💰
🤖 Indian IT Firms Champion AI Safety 🔒
With a lack of AI regulatory frameworks in India, leading IT companies like Wipro, Genpact, and Tech Mahindra are taking proactive steps to ensure ethical AI. Genpact, for instance, employs an 'output robustness test' to ensure fairness and legal compliance in AI-generated outputs. They seek government support in their efforts to ensure safe AI deployment. 🛡️🤝
🛰️ Starlink Nears Entry into India 🌍🇮🇳
Elon Musk's Starlink inches closer to providing satellite-based internet services in India. Pending approval from the telecom ministry, a high-level meeting later this month will determine the fate of Starlink's global mobile personal communication by satellite (GMPCS) services license in India. 🚀
🍏 Apple TV+ Arrives on Tata Play Binge 📺
Tata Play Binge, the OTT aggregation service by Tata Play Ltd, has welcomed Apple TV+ to its platform. This move signifies Apple TV+'s debut on an Indian aggregator and is only its second collaboration of this kind globally. 📱
🌐 Infosys Lands Digital Transformation Deal with STARK Group 🇩🇰
Infosys is joining forces with STARK Group to create a data center in Denmark. This facility will be pivotal in advancing technology within the partnership and will cater to STARK Group's offices throughout Europe. 🤝🖥️
Funding Deals
Kale Logistics has raised $30 million in a Series B funding round led by the private equity fund, Creaegis Advisors.
Paris-based omnichannel eyewear brand Le Petit Lunetier has raised $4 million led by Neso Brands which is a subsidiary of eyewear firm Lenskart.
Hygiene and wellness brand Pee Safe has partially closed its Series B round. The company has announced that it received $3 million out of the total round size of $6 million. The funding was led by Natco Pharma Limited, a leading pharmaceutical company, and Rainmatter Health, supported by Nithin Kamath and Nikhil Kamath, founders of Zerodha.
Village commerce startup 1Bridge has acquired all the technology assets of eSamudaay which is a network of software nodes connected to the ONDC protocol. 1Bridge also announced an equity funding of Rs 4 crore in a bridge round from its existing institutional investor C4D Partners, Sudhanva Dhananjaya Family Office, and other angel investors.
FMCG and consumer healthcare group Dabur India’s scion Gaurav Burman has acquired a 7.5% strategic stake in healthcare startup Mitsu.
Tweet of the day🐥
“If one wants to be active, one mustn’t be afraid to do something wrong sometimes, not afraid to lapse into some mistakes.”
- Vincent Van Gogh
🚀 That's a wrap for today's tech rollercoaster! Hope your day's charged up!
Catch those dreams and meet us back here tomorrow for the Weekly Review edition.
Until then, stay geeky, stay curious, and remember, the future's just a click away! 🌟
