☕ Topup FASTag accounts using Bitcoin; Dunzo:drone delivery..and more
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I built a $4Bn company: Here are 12 mindsets that helped me
Rule 3: Hire Uncomfortably Good People I started Bolt as a 19 year old college dropout. On paper, I was nothing. Most people think they should hire people they can one up. I did the opposite: I hired people WAY out of my league. It was a forcing function to mature fast. [Read]
#News
Salesforce backs Razorpay
At Razorpay, we want to make further strides on the idea of investing in India’s digital future and building an intelligent payment and banking infrastructure for the new-world. We are delighted to associate with Salesforce Ventures and Salesforce more broadly in India,” said Harshil Mathur, co-founder and chief executive of the fintech startup.
Indians can now top-up FASTag accounts using Bitcoin
The company today announced a new feature on its app, which will allow users to top-up their FASTag accounts using cryptocurrencies.
Volvo rolls out trucks with Android Auto, improved telematics in India
The new trucks are armed with Volvo Connect telematics solution and Android Auto in the new driver interface
Amazon assures ‘zero tolerance’ in bribery allegation probe against India staff
“We have zero tolerance for corruption. We take allegations of improper actions seriously, investigate them fully, and take appropriate action. We are not commenting on specific allegations or the status of any investigation at this time,” an Amazon spokesperson said, without accepting or denying the charges.
Dunzo pilots drone delivery of vaccines in Telengana
The trial is a part of ‘Medicines from the Sky’ project and will see hyperlocal delivery service Dunzo partner with New Delhi based drone delivery solutions provider Skye Air to optimize healthcare logistics.
Tata Communications to provide ethernet solutions with pay-as-you-use model
Mumbai based telecom solutions giant, Tata Communications, will now offer its Ethernet services in a SaaS model. Calling it the ‘Bandwidth-on-demand(BoD)’ Tata Communications said that the pay for what you use model will help enterprises self-provision additional capacity as per needs, in order to meet short term bandwidth needs.
#QOTD
India’s Rs 26,000 Cr PLI Scheme for auto manufacturing cuts out EV startups
For upcoming two-wheeler EV companies, those are lofty figures. Very few young Indian companies will even be eligible for this scheme, let alone benefit from it. The scheme will certainly be great for your Hyundais and Tatas, but unfortunately, it does little to accommodate two-wheeler EV companies in India,” a founder of a two-wheeler EV company said on condition of anonymity.
Kotak Mahindra Bank to buy about 10% in KFin Technologies for ₹310 crore
Private sector lender Kotak Mahindra Bank has agreed to acquire a 9.98% stake in KFin Technologies for a cash consideration of ₹310 crore, the bank said in a stock exchange notification on Monday.
Amazon launches logistics hub in Bengaluru for last-mile delivery
We believe customers, no matter where they are located, value fast and reliable delivery. In line with our vision of making e-commerce a part of everyday life, and transforming how India buys and sells we have expanded our last mile delivery network in the state and also opened a new large delivery station spread across 30,000 sq ft of space in Bengaluru,” said Prakash Rochlani, director, Amazon Logistics.
Cars24 Nearly Doubles Valuation To Over $1.8 Billion After Fund Raise
Used-car platform Cars24 said on Monday it has raised $450 million from investors including SoftBank Group Corp’s Vision Fund 2, nearly doubling its valuation to $1.84 billion.
Piaggio inks pact with MoEVing to supply electric vehicles
Commercial vehicle maker Piaggio Vehicles on Monday said it has partnered with EV fleet operator MoEVing for the induction of electric vehicles. MoEVing aims to add a total of 500 Piaggio Ape’ E-Xtra FX to the existing fleet by 2022, Piaggio said in a release.
Delhivery launches innovation lab to support startups in logistics
Logistics and supply chain startup Delhivery said on Monday that it has partnered with Mumbai-based startup Réseau, a specialized operator of industry-backed accelerator programs, to launch the Delhivery innovation lab.
Locally manufactured iPhones dominate the Indian market #MakeInIndia
As per Counterpoint Research, the Indian market’s share of domestically manufactured iPhones increased 17% in 2018 to 76% in 2021. As per Tarun Pathak, the research director at Counterpoint Research, both Winston and Foxconn will reach their fiscal targets by March 2022 given the increase in demand for iPhone in the Indian market.
Workers grow weary of 'The Great Wait' to return to offices
After 18 months of working from home during the pandemic, office workers are simultaneously growing tired of waiting for news of their callback and also skeptical of announcements when they come.
Gates raises $1 billion as Satya Nadella, others join race to scale clean tech
Gates established Breakthrough Energy Catalyst to accelerate the commercial viability of four key solutions to the climate crisis: green hydrogen, sustainable aviation fuel, long-duration battery storage and carbon capture from the air.
Fly your way to office: India to soon introduce Asia’s first hybrid flying cars
Instead of jostling through unending traffic on the way to the office, Indians may soon travel hassle-free to their destinations in cities through flying hybrid cars.
HCL Tech signs 5-year deal with MKS Instruments for digital, cloud services
HCL Technologies, India’s third-largest software services company, announced a five-year digital transformation deal with US-based MKS Instruments, the company said in a regulatory filing.
Amazon’s AI-powered cameras punish its delivery drivers when they look at side mirrors or when other cars cut them off, report says
Drivers told Motherboard that the AI-powered cameras in Amazon’s delivery vans unfairly penalized them for things such as looking at side mirrors, adjusting the radio, and even getting cut off in traffic by someone else.