Morning Brief 8.29.19: Amazon reportedly mulls Go-Jek investment

  • China has chosen the initial institutions that will receive the state-backed cryptocurrency that’s planned as part of China’s counter to Facebook Libra.
  • The Industrial Bank of China, the Agricultural Bank of China, China UnionPay, Alibaba and Tencent will receive the cryptocurrency, reports Forbes , citing a former staffer at China Construction Bank.
  • These institutions would cover most of China’s banking and payments market, with UnionPay operating China’s largest card network, Tencent managing WeChat Pay and Alibaba managing Alipay.

Read full article: paymentssource.com

Electric Vehicles This Week: NITI Aayog’s Amitabh Kant On Cost Of EVs, UP State EV Policy And More

  • Aayog’s CEO Amitabh Kant said the cost of electric vehicles will become almost equal to ICE (internal combustion engine) cars in the next 3-4 years as India will work on reducing the cost of lithium-ion batteries, one of the main expenses of electric cars.
  • In response the latest development, last week, the government was reported to slow down its efforts to discourage ICE sales in India, including measures such as heavier taxes on petrol and diesel vehicles, increasing registration charges, and introducing emission targets for automobile companies.
  • The German multinational company, BMW is still considering taking the step as the infrastructure built for the vehicles is still ” ambiguous and uncertain” in India.
  • Bollywood Singer Sukhbir Singh has invested in an Amritsar-based electric vehicle company eBikeGo.

Read full article: inc42.com

Revolt Intellicorp Introduces Monthly Payment Plan To Make EVs Accessible – Inc42 Media

  • Micromax cofounder Rahul Sharma’s startup Revolt Intellicorp has taken a step towards its goal of making electric vehicle accessible to the masses by introducing two new models, RV300 and RV400, with attractive purchase plans.
  • At that time, Sharma had said that the company is targeting double-digit market share in the automobile industry and not just the electric vehicles segment.
  • During the union budget 2019, finance minister Nirmala Sitharaman said that the government is aiming to make India a global hub of electric vehicle manufacturing.

Read full article: inc42.com

India’s Vedantu raises $42M to expand its live and interactive online tutoring platform – TechCrunch

  • Vedantu, an India-based startup that operates an online tutoring service, today announced it has raised $42 million as it races to expand its reach in the nation where tens of millions of students enter formal education and prepare for under-graduate level competitive exams each year.
  • Vedantu offers a mix of recorded and live and interactive courses.
  • These subscriptions can vary from Rs 100 ($1.4), for students looking for sessions around a particular topic, to Rs 50,000 ($700) for long-term courses that focus on training students for under-graduate level courses, Krishna explained.
  • Byju’s, which has more than 2.4 million paid subscribers (and over 30 million users), offers courses for students in kindergarten to year 12, in addition to those preparing for competitive under graduation level courses.

Read full article: techcrunch.com

Amazon Alexa VOXCON: A first-of-its-kind conference dedicated to voice that will help take your business into the future

  • To demystify the world of voice-technology and its relevance in our lives, Amazon is hosting Alexa VOXCON, a first-of-its-kind conference in India dedicated to all things voice.
  • Attendees will get to hear and interact with global Amazon leaders including Rohit Prasad, Vice President and Head Scientist, Amazon Alexa, Prem Natarajan, Vice President, Alexa AI & Head – Natural Understanding, and Paul Cutsinger, Head of Evangelism – AI & Voice along with a host of industry leaders.
  • The Awards are spread across 8 categories where developers, developmental agencies, media agencies, and brands working with Alexa skills, voice services and smart home will be recognized.
  • On Day 2 (19th September), the focus will shift to a technology track where attendees will have the opportunity to learn the technological innovations with Alexa, developer best practices, and building highly engaging voice experiences.

Read full article: yourstory.com

RazerPod-Backed OTT Startup Wants To Tell Streamers What To Binge Watch Next

  • The yet-to-launch World of Web Series (WOWS) is all set to help recommend viewers the best shows across OTT platforms.
  • AI-backed WOWS, operated by Roaring Wolf Media, has raised an investment from advertising firm RazorPod and various other angel investors.
  • WOWS works as a video streaming guide that recommends shows across the video-streaming platforms according to the users’ preference.

Read full article: inc42.com

150 Km on 1 Charge: Meet Revolt RV400, India’s First AI-Enabled Electric Motorcycle

  • All that could change with the introduction of the Revolt RV400 manufactured by Gurugram-based Revolt Intellicorp Pvt Ltd to the market, which is in many ways comparable to a conventional 125cc petrol motorcycle.
  • The RV400 is powered by a 3.24 KWh Lithium-Ion battery that generates 72V of power and comes with a maximum range of 150 km on a single charge giving it a top speed of 85 km/hr.
  • As part of the accessories package, Revolt will offer a connected helmet in partnership with Google, that allows you to start the bike using a voice command-‘Revolt Start,'” says the company’s recent press release.
  • Meanwhile, the Revolt RV300 is powered by a 2.7KW Lithium-Ion battery, achieving a top speed of 65km/h and a range of 80-150 km.

Read full article: thebetterindia.com

Inc42 UpNext: An Inside Look At 33 Indian Startups Set To Be Unicorns Of Tomorrow

  • The Indian startup ecosystem’s journey towards maturity is best exemplified in the number of unicorns and soonicorns it has produced every year for the last half-decade.
  • This year the number of unicorns has gone up by a magnitude and the Indian ecosystem has outdone its past unicorn record after just seven months of the calendar year.
  • Last year, as part of The State of The Indian Tech Startup Ecosystem Report 2018, 30 soonicorns were identified, who at the time had raised $2.5 Bn funding overall.
  • In its updated list, DataLabs by Inc42 has identified 33 soonicorns in the Indian startup ecosystem, and in all these startups have raised over $4.4 Bn till H1 2019.

Read full article: inc42.com

Crypto Can Boost Indian Economy – How Banning Will Hurt it – Bitcoin News

  • Indian Supreme Court Orders RBI to Answer Crypto Exchanges, New Date Set
  • Nischal Shetty, CEO of crypto exchange Wazirx, believes that job growth is among the major benefits crypto can help his country’s economic situation.
  • Earlier this year, the company revealed that Bengaluru was the number one city in India for crypto jobs, followed by Pune, the second-largest city in the Indian state of Maharashtra.

Read full article: news.bitcoin.com

We want to be the financial umbrella for a billion people, says Ankush Aggarwal of Avail Finance

  • Two days ago, I interviewed Cred and its Founder Kunal Shah, who, despite popular wisdom, is building a product for the 30/40 million urban market.
  • His members-only startup Cred incentivises creditworthy individuals and gives exclusive rewards to members for paying their credit card bills on time.
  • Ankush Aggarwal with Shradha SharmaStarted in 2017 by Ankush Aggarwal and Tushar Mehndiratta, Avail Finance focuses on the blue-collar segment by offering them easy credit solutions.
  • Its multiple products like personal loans, salary advances, and savings are customised for the blue-collar segment.
  • This round also saw participation from Co-founders of Ola Bhavish Aggarwal and Ankit Bhati, Flipkart Co-founder Binny Bansal, Cred Founder Kunal Shah, and Mswipe Founder Manish Patel.

Read full article: yourstory.com