Zomato launches India's 1st crowd-supported weather infrastructure📡
Uber ups hyperlocal deliveries, Setu and Sarvam AI launches domain-specific LLM, SEBI Mandates Social Media Disclosures, Funding Deals and more.
Greetings, dear readers!
"Your problem is yours. Own it, solve it, and grow stronger. Blaming won't help."
Today's quote is a powerful reminder of the importance of taking ownership of our challenges.
In the face of adversity, it's easy to point fingers or make excuses, but true strength lies in confronting our problems head-on and using them as opportunities for growth.
Let's explore this concept further as we delve into today's edition, embracing the notion that by accepting responsibility for our circumstances, we empower ourselves to overcome any obstacle.
Tech Updates
Zomato launches real-time hyperlocal weather info network
Zomato unveiled India's first crowd-supported weather infrastructure ‘Weather Union’ to provide localised, real-time information on key weather parameters such as temperature, humidity, wind speed, and rainfall. The service is currently available in 45 cities and will be rolled out to other Indian cities very soon. He also stated that Weather Union is available for free (via an API) to all institutions and companies in the country.
Uber ups hyperlocal deliveries amid quick-commerce frenzy
With the rapid rise of quick commerce in India, ride-hailing platform Uber has launched hyperlocal deliveries from neighborhood grocery and departmental stores. Uber India has launched ‘store pickup’ services in nine cities. Currently, Uber offers the delivery of items while payments are made directly to the stores.
Pine Labs-owned Setu and Sarvam AI launches domain-specific LLM for BFSI sector
Pine Labs-owned Setu has launched a large language model (LLM)—Sesame— designed especially for the banking and financial services industry (BFSI) sector. Developed in collaboration with homegrown GenAI startup SarvamAI, the LLM has been trained on custom local data relevant to the sector.
SEBI Mandates Social Media Disclosures For Investment Advisors
In a recent circular issued on May 7, India’s securities and commodities market regulator, the Securities and Exchange Board of India (SEBI), has mandated that investment advisors (IAs) disclose their social media presence twice a year to its appointed supervisory body, Investment Advisers Administration and Supervisory Body (IAASB).
Funding Deals
Data and AI governance company Atlan has raised $105 million in its Series C funding round led by GIC, Singapore’s sovereign wealth fund and Meritech Capital. Existing investors Salesforce Ventures and Peak XV Partners also participated in the round.
Deep tech AI startup Myelin Foundry has raised $4 million in a new round from SIDBI Venture Capital Limited (SVCL). Other investors include Endiya Partners, Pratithi Investment Trust, and Subh Labh.
Atomgrid, an R&D-first platform for contract development, manufacturing and sourcing of specialty chemicals, has raised Rs 10 crore (around $1.2 million) in its seed round led by Merak Ventures. The round also saw participation from Dexter Ventures, Upsparks, Point One Capital and UniCards’s founders Nitin Gupta and Prateek Jindal.
🛡️ Short Story: Embracing Ownership
Sarah found herself facing a daunting project at work, riddled with obstacles and setbacks.
Instead of succumbing to frustration, she took a moment to reflect on the quote of the day.
With a renewed sense of determination, she tackled each challenge with a proactive mindset, refusing to dwell on negativity or assign blame.
Through her perseverance and ownership of the situation, Sarah emerged stronger and more resilient than ever.
Tweet of the day🐥
Remember that you have the power to shape your destiny.
You can transform adversity into opportunity by owning your problems and facing them with courage and determination.
Stay tuned for our next edition, where we will continue to explore the principles that inspire us to rise above life's challenges.
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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