Walmart's $3.5 Bn Boost to Flipkart💰, Ola Joins ONDC for Food Delivery🍔
Wipro Goes Green, and Pepper Money Ventures into Indian NBFCs - Plus, Nasscom's AI Advocacy for Trade Defense!
Hi Everyone👋🏻,
Welcome to the newsletter! You'll find the newest tech updates, startup insights, and inspiration here.
Get ready to start your day the smart way!
If you've already joined, invite your peers to join as well!
Let's embark on this journey to knowledge and growth together!
Tech Updates
💲 Walmart Ramps Up Investment in Flipkart with $3.5 Billion Cash Splash! 💰
Walmart isn't holding back! The US retail giant is turbocharging its stake in Flipkart with a jaw-dropping investment of $3.5 billion. They've scooped up shares from non-controlling interest holders, including prominent names like hedge fund Tiger Global and Accel Partners. 🛒📈
🚗 Ola Hitches a Ride with ONDC for Food Delivery Services! 🍔
Ola is making some strategic moves! The ride-hailing giant has teamed up with the government-backed Open Network for Digital Commerce (ONDC) to expand into the realm of food delivery services. It's already cooking something up, with a feature named 'OLA ONDC food' making a sneak appearance on their app. No separate delivery app in sight - they're keeping it all under one roof. 🛵🍕
🌱 Wipro Embraces Green Energy with FPEL Investment 💚
Wipro is taking a step towards a greener future! The tech giant is set to acquire an equity stake of up to 9.95% in FPEL Ujwal Private Limited, at a cost of Rs 6.3 crore. This move aims to bolster the use of renewable energy in Wipro's Karnataka offices, marking a significant stride towards sustainability. 🌿🌍
🌏 Australia's Pepper Money Ventures into India's NBFC Landscape 💰
Pepper Money, the Australian non-banking finance company (NBFC), is making bold strides into India's financial landscape. With plans to establish a robust payment and lending business, the company is eyeing an application for a non-banking financial services license in India within the next year. This move reflects the growing allure of India's financial sector on the global stage. 🇦🇺🇮🇳
🤖 Nasscom Advocates AI for Anti-Dumping Measures 🌐
Nasscom, the software and services industry advocate, is urging the commerce and industry ministry to embrace Artificial Intelligence (AI) for anti-dumping purposes. The proposal suggests leveraging AI to detect potential instances of dumping and circumventing anti-dumping duties. By scrutinizing export-import data and cross-referencing it with the origin and destination countries, AI can enhance the efficiency and accuracy of these critical trade measures. 📈🤝
Funding Deals
FabHotels’ parent Casa2 Stays has raised funding to the tune of $20 million from new and existing backers. Panthera led $20 million in Casa2 Stays while existing investors also participated in this round.
Featured Product of the Day
Muse AI - Chat, generate & design without limits with Generative AI
Robust professional design editor tool to chat, generate, and design using Generative AI. Instant Ideas, Infinite Designs with Muse AI — pen, brush, blend, asset, template, effect, filter, layer, tool, language, mask, clip, share & collaborate in real-time.
Tweet of the day🐥
“Good things happen to those who hustle.”
🚀 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! 🌟