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VIE Stories
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BharatPe and nasscom foundation Partners to Help Women Entrepreneurs in Maharashtra
- BharatPe Group has partnered with nasscom foundation to empower women entrepreneurs across multiple districts in Maharashtra.
- The ‘Formal Registration and Digital Market Linkage Program for Women Entrepreneurs’ has helped 1,500 rural women from six districts formalize and scale their businesses.
- 250 of the 1,500 women received market linkages to boost their company and financial stability.
- This partnership marks a pivotal step in BharatPe’s mission to drive inclusive financial empowerment across India.
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Startupreporter
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Adda247 Achieves Exceptional Success in UGC NET 2024, 4000 Plus Students Clear Exam
- Adda247, India’s premier multilingual learning platform, has announced the success of its students in the UGC NET 2024 exam.
- Over 4,000+ students from Adda247 have cleared the UGC NET exam, with 450+ selections for the Junior Research Fellowship (JRF).
- Adda247 is the largest player in the UGC-NET category in India and has experienced an average success rate of 55% in the exam over the past three years.
- The success is attributed to innovative features, additional subjects, and intensive practice provided by Adda247, as well as its commitment to accessibility and affordability in education.
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VIE Stories
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Honasa Consumer Appoints Kaustav Guha as VP of R&D
- Honasa Consumer has appointed Kaustav Guha as Vice President of Research & Development.
- Guha will focus on increasing R&D capacities and stimulating product innovation for brands like Dr. Sheth, Mamaearth, and Bblunt.
- His role also includes strengthening the company's natural and sustainable formulas for beauty and personal care products.
- Honasa Consumer Limited (HCL) is a digital-first FMCG conglomerate creating consumer brands.
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Inc42
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Ola Electric Shares Tank Over 6%
- Shares of Ola Electric slumped over 6.09% to INR 754.85.
- The stock has dropped about 48.1% from its record high.
- Ola Electric is facing declining sales and rising complaints about after-sales service.
- The company managed to trim its consolidated net loss by 30% in Q1 FY25.
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Siliconangle
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Carbon Robotics raises $70M to scale up AI-powered robotic farming solutions
- Carbon Robotics raises $70M in late-stage funding to scale up AI-powered robotic farming solutions.
- The funding will help the company introduce new software and hardware products and expand its manufacturing capabilities.
- Carbon Robotics offers the AI-powered LaserWeeder, which uses computer vision, AI deep learning, robotics, and lasers to identify and eliminate weeds with millimeter accuracy.
- The company's technology reduces labor needs and input costs for farmers, operates autonomously, and can work day and night unaffected by environmental conditions.
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Medium
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0.15 BTC for Free? How I Scored Big with a Promo Code
- A user stumbled upon a promo code that provided 0.15 BTC for signing up on https://swapx.one/.
- The user had tried various free Bitcoin earning apps before, but none were as fast or rewarding.
- Entering the promo code on the website instantly credited 0.15 BTC to the user's wallet.
- The user recommends others to visit the website and use the promo code for an easy way to earn Bitcoin.
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Yourstory
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Women's T20 World Cup: How much prize money did New Zealand cricket team win?
- New Zealand women's cricket team won the ICC Women's T20 World Cup, defeating South Africa.
- The champions will receive $2.34 million (Rs 19.6 crore) as prize money, to be divided equally between the players.
- Runners-up South Africa received $1.17 million (Rs 9.8 crore).
- The total prize pool for the 2024 edition was increased to $7,958,080 (Rs 66.5 crore), nearly at par with the men's tournament.
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Yourstory
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PhonePe's Rs 2,193 Cr ESOP bill pushed it into losses in FY24
- PhonePe reported reduced losses of Rs 1,996 crore in FY24, down from Rs 2,795 crore in the previous year.
- ESOP costs of Rs 2,193 crore contributed to PhonePe's losses in FY24.
- Expenses increased by 31.30% to Rs 7,756 crore, while revenue soared by 74% to Rs 5,064 crore in FY24.
- PhonePe expanded its services beyond payments, entering financial services, insurance, lending, and e-commerce.
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UX Design
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Developer’s mental model, choice is not the enemy, component spec in UX
- The way different roles approach decisions is shaped by their own experiences and thought processes. This is because our brains naturally rely on familiar information.
- Considering the developer's mental model is important in building a product.
- Choice is not the enemy when it comes to user experience.
- Tools and resources for simplifying documentation writing and analyzing user retention techniques.
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Economic Times
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PhonePe FY24 operating revenue up 73% to Rs 5,064 crore, loss down 28%
- PhonePe reported a 73% jump in operating revenue at Rs 5,064 crore for FY24.
- The net loss for the year fell 28% to Rs 1,996 crore.
- Expenses increased by 31% primarily due to employee expenses and payment processing charges.
- PhonePe reported a profit of Rs 197 crore, excluding employee stock ownership costs.
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Inc42
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How PhonePe Leveraged AI To Reduce Customer Support Teams By 60%
- Fintech giant PhonePe has reduced its customer support staff by 60% over the past five years.
- This reduction was achieved through the adoption of AI-driven automation, with over 90% of customer issues now resolved through chatbots.
- Despite the staff reduction, PhonePe has seen a 40X growth in transactions between FY18-19 and FY23-24 and improved customer satisfaction, as reflected in a growing Net Promoter Score (NPS).
- PhonePe reported a 73% jump in revenue in FY24, reaching INR 5,064 Cr, with a positive Adjusted Profit After Tax (PAT) of INR 197 Cr.
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Startupreporter
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Blue Pebble Limited H1 FY25 Results: PAT Soars by 356.27%
- Blue Pebble Ltd. announces financial results for the first half of FY25 with robust growth driven by strategic diversification and innovative design solutions.
- Standalone revenue from operations increased by 77.41% in H1 FY25 compared to H1 FY24.
- PAT (Profit After Tax) soared by 356.27% in H1 FY25.
- Blue Pebble expands its service offerings, completes a Design and Build project with 3M, and enhances digital immersive capabilities with AR, VR, and AI technologies.
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Yourstory
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Mastering the 4 M's: Keys to achieving a successful life
- Success is a concept that resonates differently for each individual.
- The mastery of the 4 M's - Mindset, Motivation, Mastery, and Momentum - is essential for achieving success.
- Mindset: Cultivating a growth mindset to embrace challenges and learn from feedback.
- Motivation: Understanding what drives you and setting clear goals to stay focused.
- Mastery: Committing to continuous improvement through lifelong learning and deliberate practice.
- Momentum: Building forward energy by starting small, staying consistent, and celebrating milestones.
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Silicon
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Former OpenAI Mira Murati Raising Capital For New AI Startup – Report
- Former OpenAI Chief Technology Officer (CTO) Mira Murati is reportedly raising funds for her new AI startup.
- Murati's departure from OpenAI came as a surprise and her new venture aims to build AI products based on proprietary models.
- The funding talks for Murati's startup are in the early stages, with a potential raise of over $100 million.
- Barret Zoph, who also left OpenAI, may join Murati's new venture.
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AllTopStartups
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When Does It Make Sense to Rent a Commercial Truck for Your Business?
- The article examines the ideal times for your company to rent a commercial truck, and how they offer an efficient and scalable solution.
- Renting a commercial truck is ideal for handling temporary or seasonal demands, and enables organizations to adjust the scale of transport capability depending on their demands.
- Renting a commercial truck is a smart way to explore new markets or expand your business without taking too much risk, and allows you to test the waters without tying up capital in vehicle purchases.
- If you are unsure about the type of truck that would suit your business needs, renting different models first will also let you know the size of a truck you will need and which ones your workers prefer.
- Renting a truck from a good provider means working with well-maintained vehicles that barely break down, which minimizes interference with your business.
- Commercial truck rentals provide the latest models fitted with the newest advanced technology and safety features, fuel-efficient engines, GPS tracking, and advanced systems that will increase operational efficiency and logistics performance.
- Using a truck rental service can simplify most of the administrative work from insurance and licensing to regulatory compliance, leaving you free to focus on the core work of your business without the added headache of managing a fleet.
- Renting offers financial predictability, which is a significant advantage for businesses, you know exactly how much your transportation will cost each month making it easier to manage your finances and plan for the future.
- Renting a commercial truck can be an immediate temporary solution in an emergency, breakdown, or accident, ensuring that your operations flow as expected without any disruption.
- Renting a commercial truck offers the key advantage of customization, allowing you access to exactly what you need at the moment it’s needed and ensuring that your operations are both efficient and cost-effective without the burden or commitment associated with ownership.
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