Exponential technologies such as AI, ML, Industry 4.0 critical for transforming businesses- Technology News, Firstpost

  • While these are complex and structured multi-year deals, which in some cases also include rebadging of client employees, what is interesting is the transformational nature of such deals, with an increasing share of digital components such as platforms, automation and analytics services.
  • Domestic technology vendors, especially the Tier 1 and Tier 2 service providers have been looking at overseas investments to augment capability and capacity in niche design and consulting skills closer to the target markets such as the USA and Europe.
  • Platforms are becoming an integral part of digital transformation, especially in domains such as analytics, IoT, etc.
  • The industry is steadily responding to this demand through various initiatives such as upskilling and reskilling of existing talent base, investments in design, consulting, platforms, automation and startup engagements.
  • While we are witnessing early successes in this arena, continuous investments in domain skills and digital tools, along with creative design and consulting capabilities become key success factors to thrive in this evolving market, and niche acquisitions and consolidation will continue to augment organic investments in this domain.

Read full article: firstpost.com

IIT-M sees 15% increase in campus placements – News Today | First with the news

  • As many as 964 students got placed during the campus recruitment for the academic year 2018-19, including 97 students who got Pre-Placement Offers (PPOs).
  • The campus placements were conducted in two phases with phase one from 1 to 8 December 2018 and the next one in the second half of January 2019.
  • The total number of students registered for placements was around 1,300.

Read full article: newstodaynet.com

Bengaluru, Delhi, Mumbai, Chennai, Hyderabad among top 100 cities for startups in world – News Today | First with the news

  • Bengaluru has been ranked the top Indian city for startups in the StartupBlink Startup Ecosystem Ranking list that features more than 1000 cities in 100 countries.
  • San Francisco has been crowned the world’s best city for startups.
  • ” Bangalore, Chennai, and Hyderabad are one of the centers of high technology industry.
  • The post Bengaluru, Delhi, Mumbai, Chennai, Hyderabad among top 100 cities for startups in world appeared first on News

Read full article: newstodaynet.com

[Funding alert] Co-living startup Housr raises funds, plans to invest Rs 350 Cr for growth

  • Lodha group MD and CEO Abhishek Lodha and Godrej Properties Executive Chairman Pirojsha Godrej have invested in Co-living startup Housr that plans to infuse Rs 350 crore by end of the next year to reach 50,000 beds, a top company official said.
  • Also read: Why co-living spaces are the future for millennials in IndiaHousr has been co-founded by Tribeca Developers MD Kalpesh Mehta and Deepak Anand.
  • However, it said the funds have been raised at a ” $30 million pre-money valuation” .The co-living firm has already taken on lease 10,000 beds in Gurugram (Haryana), Noida (Uttar Pradesh), Mumbai and Kota (Rajasthan).Housr has taken two residential towers on long-term lease from realty firm Tulip Infratech to launch its first co-living project in Gurugram.
  • An INSEAD alumnus, Deepak Anand comes with a diverse background in private equity, banking, distribution with leadership roles at HSBC, HDFC and HT Media.

Read full article: yourstory.com

I don’t think there will be 100 unicorns in India, says Kunal Shah

  • The Founder and CEO of Cred, who also founded and sold payments app Freecharge, is categorical that there won’t be 100 unicorns in India anytime soon because ” founders don’t plan better” .
  • Kunal’s comments came as a part of a chat with angel investor Gautam Gandhi at the event hosted by TiE Delhi-NCR, as part of a keynote address titled, ‘Entrepreneurial Milestones: unboxing Pivots & Pirouettes to Exits’.Also read: India will have more than 100 unicorns in the next 5 years: Binny Bansal at TiEcon Mumbai Kunal said the fact that founders do not ask each other a lot of questions may also be a reason.

Read full article: yourstory.com

Food firms globally whip up wacky ways to battle bad diets

  • Now, U.S. food giant Mars Inc and Mumbai-based charitable foundation Tata Trusts are marketing an alternative in western India: bite-sized squares made from yellow peas, which they say are packed with iron, protein, vitamins and micro-nutrients.
  • For poor diet has overtaken smoking as the world’s biggest killer, according to the latest Global Burden of Disease study, causing 20 percent of deaths globally in 2017.
  • Launched in November, the pea-based snack is the first joint product from Mars and Tata Trusts – which owns two-thirds of India’s salt-to-software conglomerate Tata Sons – after they agreed in 2016 to boost nutrition and food safety in Asia’s third-largest economy.
  • Globally, diabetes affects 422 million people, killing about 1.6 million in 2016, according to the World Health Organization.
  • Please credit the Thomson Reuters Foundation, the charitable arm of Thomson Reuters that covers humanitarian issues, conflicts, land and property rights, modern slavery and human trafficking, gender equality, climate change and resilience.

Read full article: finance.yahoo.com

AI-Based Voice Assistant Startup MiHup Raises $1.7 Mn In Series A Round

  • MiHup has raised INR 12.5 Cr ($1.7 Mn) in its Series A funding from Accel Partners and Ideaspring Capital.
  • MiHup was founded in 2016 by Biplab Chakraborty, Sandipan Chattopadhyay, Sandipan Mandal, and Tapan Barman.
  • Prior to this, in 2016, the startup had secured INR 45 Cr from Accel Partners in a seed funding round.
  • The post AI-Based Voice Assistant Startup MiHup Raises $1.7 Mn In

Read full article: inc42.com

Real Estate Veterans Raise Funds For Coliving Startup Housr

  • Gurugram-based coliving startup Housr has emerged from stealth mode and announced that it has raised an undisclosed funding from marquee real estate players.
  • The main focus for the startup remains young professionals and students, The company said its goal is to become the largest coliving player in the next 18 months, with plans to launch over 20 properties across 8-10 key cities, with each property housing more than 500 residents.
  • Deepak Anand, founder and CEO, Housr said, ” Housr sits at the cusp of three emerging trends – shared economy, technology and cultural urban migration.
  • The post Real Estate Veterans Raise Funds For Coliving Startup Housr appeared first on Inc42 Media.

Read full article: inc42.com