PhonePe Enters Stockbroking ๐ , Google's GenAI Search๐ค
Fintech at $400 Billion, Swiggy's Subscription Play, ITC's Startup Symphony, Funding Deals and more. ๐ณ๐
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Tech Updates
๐ PhonePe Enters Stockbroking ๐
Walmart-owned PhonePe steps into stockbroking with the Share.Market app. Users can now invest in stocks, mutual funds, and ETFs. Competition heats up with rivals Zerodha and Upstox. Get ready for a new investment horizon! ๐ฑ๐
๐ฎ๐ณ Google's GenAI Search: India's Tech Marvel Unveiled! ๐ค
Google is rewriting the search script with an India-focused version of its AI-powered Search. Say goodbye to the traditional search bar, as this pilot promises a chatbot-like experience, blending tech and user-friendliness. A game-changer for Indian users, redefining the way we interact with search! ๐๐
๐ฐ Fintech's $400 Billion Vision ๐
Hold tight! Indian fintech is on a mission to create a staggering $400 billion in value by 2030. With over 9,000 fintech pioneers, India stands as the world's third-largest fintech powerhouse, right behind the USA and the UK. Get ready to ride the financial wave! ๐ผ๐น
๐๏ธ Swiggy's Subscription Power Play ๐ณ
Swiggy's cooking up a storm! The food and grocery delivery star is teaming up with banks and telcos to dish out irresistible combo deals. Enter Swiggy One Lite โ a B2B twist where telecom and banking purchases come with a delicious side of Swiggy One subscription. Tasty perks, anyone? ๐๐ฑ
๐ ITC's Startup Symphony ๐
ITC's chairman, Sanjiv Puri, has orchestrated a partnership with around 45 startups. Their goal? To infuse agility and an entrepreneurial spirit into their employees. In an era where small players are shaking up the landscape, ITC is tuning in to innovation. Time to dance to the startup beat! ๐
โ๏ธ China's AI Ambition Unleashed ๐ค
Baidu, the tech giant, has unveiled its ChatGPT challenger - the ERNIE Bot. China's stepping up its AI game with this move, aiming to ride the global AI wave. ERNIE Bot is making history as the first homegrown AI app open to the public in China, sparking a local AI revolution! ๐
Funding Deals
Digital healthcare platform Medibuddy has secured an additional $18 million from the existing investors Quadria Capital, Lightrock, and TEAMFund.
Facets.cloud, a self-serve infrastructure management platform, has raised $4 million in a seed funding round led by 3one4 Capital.
Online super-specialty pharmacy MrMed has raised $500,000 led by the Tamil Nadu Emerging Sector Seed Fund (TNESSF), managed by Tamil Nadu Infrastructure Fund Management Corporation Limited. The funding round also saw the participation of BEEJ Network and Vish Entrepreneurs LLP.
Travel planning company Holidify and TripCrafters have announced their merger which they claim is the largest travel marketplace in India.
Tweet of the day๐ฅ
โRemember your dreams and fight for them. You must know what you want from life.โ
- Paulo Coelho
๐ 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! ๐