Technology
Bridging the Gap: DoT Secretary Neeraj Mittal Calls for More Telecom Unicorns in India
DoT Secretary Neeraj Mittal calls for more telecom unicorns in India, backed by the new ₹1 lakh crore RDI scheme. He highlights India's vast digital user base and government support through initiatives like TTDF and "Samarth" incubation. This push aims to foster innovation, reduce import reliance, and position India as a global telecom leader.
Unlocking Integrated Solutions: Odoo Community Days India 2025 Set to Redefine Business Efficiency
Odoo Community Days India 2025 (Aug 13-14, Gandhinagar) will be a key tech event, showcasing Odoo's integrated open-source platform. Businesses can explore live demos, expert sessions, Odoo 19 features, and network. It's designed to help companies streamline operations and achieve clarity with unified business systems.
Sahi, Fintech Startup by Former Swiggy CTO, Secures $10.5 Million Led by Accel and Elevation Capital
Sahi, founded by ex-Swiggy CTO Dale Vaz, secured $10.5M from Accel & Elevation Capital. The fintech startup offers AI-driven, automated stock trading tools for retail investors, planning new no-code strategy builders. This funding supports product innovation and expansion, leveraging India's evolving retail trading market and new SEBI algo-trading rules.
Darwinbox Fuels Employee Wealth Creation with Substantial ₹86 Crore ESOP Buyback
Darwinbox, an AI-powered HR tech unicorn, has completed its third ESOP buyback, worth ₹86 crore ($10 million), benefiting over 350 employees globally. This reflects their commitment to wealth creation for team members who help build value. The buyback follows a $140 million funding round and highlights Darwinbox's focus on AI innovation and global growth.
SoftBank Shifts India Strategy: Eyes Buyout Deals to Fuel AI-Led IT & BPO Transformation
SoftBank is pivoting in India, aiming to acquire IT and BPO firms to inject them with AI. This marks a shift from its typical investment strategy, seeking direct control to drive AI integration and efficiency. This move aligns with Masayoshi Son's global AI vision, leveraging India's service sector to scale AI-powered solutions, despite the country's developing foundational AI model capabilities.
E-commerce Giant's India Bet: Amazon Infuses ₹2,000 Cr into Nationwide Network
Amazon India is infusing over ₹2,000 crore ($233M) to supercharge its nationwide operations! This massive investment aims to boost logistics, enhance tech, and prioritize workforce well-being. Get ready for faster, more reliable deliveries as Amazon deepens its commitment to India's booming e-commerce market. Read the full story on their strategic plans!
Innovation, Energy & Tech: PM Modi's Focus in Talks with Cypriot Business Leaders
PM Modi met Cypriot CEOs, emphasizing immense potential for India-Cyprus collaboration in innovation, energy, and technology. He highlighted India's growth and startup ecosystem, inviting Cypriot investment. The focus on these key sectors aims to deepen bilateral ties and unlock new avenues for mutual prosperity.
Databricks Intensifies Focus on India with $250 Million Investment for AI Innovation
Databricks is supercharging its India play with a $250M investment! This massive push will boost R&D, expand operations, and train 500,000 data & AI pros. Get ready for a huge surge in AI innovation from India, cementing its role as a global tech leader.
Uttar Pradesh Unveils Landmark GCC Policy: Aims to Become Global Office Hub, Generate Over 2 Lakh Jobs
Uttar Pradesh is set to become a global office powerhouse! The new GCC Policy offers massive incentives to attract multinational corporations, aiming to create 2 lakh+ jobs. Get ready for a monumental economic shift in UP, leveraging its talent and infrastructure to become a top destination for global capability centers.