Posted in Technology
Agritech Startup BigHaat Initiates Series C Funding Round
Three points you will get to know in this article: A pioneering Agritech venture, BigHaat, has recently secured a substantial $8.4 million in Series C funding. This investment round, jointly spearheaded by the esteemed Ashish Kacholia and RBA Finance and Investment Company, underscores a significant stride in BigHaat’s growth trajectory. Notably, the infusion of capital also witnessed enthusiastic participation from…
Posted in Technology
Zoho Reports INR 2,800 Crore Profit in FY23, with 30% Revenue Growth
Three points you will get to know in this article: Zoho stands out as a rare gem in the tech industry, successfully unraveling the secrets to achieving both expansive growth and a robust financial standing. Remarkably, this feat was accomplished without relying on external capital. In the fiscal year 2023, Zoho witnessed an astounding surge of almost 300% in its…
Posted in Technology
SaaS Unicorn Amagi Achieves Remarkable Rs 680 Cr Revenue in FY23
Three points you will get to know in this article: Amagi, the innovative cloud-based media SaaS technology firm, experienced an impressive threefold surge in its earnings over the past two financial years. Surging from Rs 219 crore in FY21 to a remarkable Rs 680 crore in FY23, the company displayed remarkable growth. However, despite achieving profitability in FY21, Amagi faced…
Posted in Technology
Gupshup India Achieves INR 1,619 Crore Income and INR 49 Crore Profit in FY23
Three points you will get to know in this article: Gupshup, the conversational messaging platform, stands out among unicorns for its distinctive trait—it has consistently been in the black over the past few fiscal years, in stark contrast to the majority of its counterparts grappling with substantial losses. Impressively, the Indian arm of Gupshup not only weathered the storm but…
Posted in Technology
GeoIQ: Transforming Business Expansion with Location Intelligence and AI
Three points you will get to know in this article: Recognizing the pivotal role that the right location plays in the success of a business has been a longstanding insight. Elements such as proximity, population density, demographics, and local culture wield considerable influence over foot traffic and consumer interaction. Traditionally, businesses have relied on survey agencies to amass pertinent data…
Posted in Technology
Elon Musk’s xAI Expands Grok AI Chatbot to India
Three points you will get to know in this article: Elon Musk’s xAI is swiftly introducing its innovative artificial intelligence (AI)-powered chatbot Grok AI to India and an additional 46 nations, encompassing Australia, Canada, Malaysia, New Zealand, and Singapore, among others. This expansion follows closely on the heels of the bot’s debut in the United States, happening within a mere…
Posted in Daily FeedsTechnology
Cyclone Michaung Forces Foxconn and Pegatron to Halt iPhone Production in Chennai Amid Heavy Rain
Three points you will get to know in this article: Adverse weather conditions caused by cyclone Michaung have temporarily halted the production of Apple iPhones at the manufacturing plants near Chennai, operated by Taiwan’s Foxconn and Pegatron. This delay, resulting from heavy rainfall, has affected the city’s crucial electronics and manufacturing hub. The downpour has led to submerged cars and…
Posted in Technology
Corning’s Indian Venture: INR 1,000 Cr Smartphone Glass Unit
Three points you will get to know in this article: Corning Inc., the renowned US-based Gorilla Glass manufacturer and key Apple supplier, is set to make a significant investment of INR 1,000 Crores in establishing a cutting-edge manufacturing facility in Tamil Nadu. This strategic move is anticipated to serve as the company’s official debut in the Indian market. As reported…
Posted in BusinessTechnology
Freshworks Reports 19% Revenue Surge to $153 Million in Q3, Aims for $1 Billion Revenue by 2026
Three points you will get to know in this article: Freshworks, a Software-as-a-Service (SaaS) company listed on Nasdaq, unveiled robust financial results on November 1st. During the third quarter of 2023, the company witnessed a remarkable 19% year-on-year surge in its consolidated revenue, reaching $153.6 million. This exceeded the company’s initial projections of $149-$151 million, a feat attributed to the…