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SS Mobile Aims for Record-Breaking Festive Sales with 1 Lakh Smartphones and INR 300 Cr Revenue Target
- SS Mobile, India’s 5th largest mobile retail chain, aims to sell 1 lakh handsets and generate INR 300 crore in revenue during the festive season.
- The SS Mobile Big Dussehra Sale offers customers exclusive benefits including premium gifts, a 2-year warranty, discounts up to 30%, and cashback up to INR 12,000 on smartphone purchases.
- Popular models like iPhone 13 and Samsung Galaxy S23 FE are available at discounted prices, while budget-friendly options like Redmi 13C 5G and Realme C63 5G are also offered.
- SS Mobile, with over 300 branches, has focused on customer-centric strategies and accessibility to the latest technology in underserved regions, leading to its growth and success.
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Dev
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How AI is Revolutionizing SaaS Development and Customer Acquisition: A Game-Changer for 2024 and Beyond!
- AI has revolutionized SaaS development and customer acquisition, transforming the industry in unforeseen ways
- AI tools like OpenAI’s Codex have shifted product development from intuition to data-driven precision, making the process faster and reducing development costs
- Predictive maintenance, automated testing, and faster deployment are some of the other benefits of AI in SaaS development
- In customer acquisition, AI allows for hyper-personalized marketing at scale and advanced lead scoring, leading to higher engagement rates and conversions
- AI-powered chatbots are becoming smarter by the day, handling everything from lead qualification to customer support, along with reducing customer acquisition costs
- Predictive analytics using AI helps to forecast user behavior, giving businesses a better view of their sales pipeline and enabling them to allocate resources more effectively
- By leveraging AI in your SaaS business, you’re gaining a competitive advantage, as AI keeps learning and has limitless potential for future growth
- AI is the future, and integrating it into your SaaS development or customer acquisition strategy is essential
- AI helps businesses of all sizes to transform the way they operate, and can take a good idea and make it great
- It’s time to embrace AI, and take the leap of faith towards a better, more data-driven SaaS future
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SiliconCanals
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Eindhoven’s PhotonVentures secures investment for its PhotonVentures Fund I from Invest-NL, others
- Eindhoven-based PhotonVentures has secured €5M investment from Invest-NL and a group of new private investors.
- The investment from Invest-NL adds to the existing group of prominent tech investors, family offices, and other organizations who have previously invested in the fund.
- The funding brings PhotonVentures closer to its targeted fund size of €100M, with the final close planned for the end of this year.
- PhotonVentures is a deep tech venture capital firm specializing in investing in photonics startups in the Netherlands and Europe.
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Yourstory
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Arta Finance expands globally; former UBS CEO Ralph Hamers joins as advisor
- Arta Finance, a wealth management platform, has expanded its operations globally.
- It offers services to accredited investors from across the globe who manage their funds in Singapore.
- Former UBS CEO Ralph Hamers has joined Arta as an external senior advisor.
- Arta aims to disrupt traditional wealth management through its AI-powered platform and strategic partnerships.
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Yourstory
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SingleStore founder on building a scalable SQL data platform
- SingleStore’s CEO, Raj Verma, believes that data is the engine of the generative artificial intelligence (gen AI) car, and it can only be levied to its full potential with the right context and accessibility. The company is the only platform that empowers users to transact, analyse and research data in real-time, supporting both transactional and analytical workload and distributed MySQL-compatible architecture.
- According to Verma, building a database of high calibre takes about $300 million and 10 years. He believes SingleStore's product speaks for itself, as the buyer knows about databases, sometimes more than their own engineers. The three tenets that SingleStore adheres to are speed, scale, and a multi-model approach.
- Startups in India have a high chance of succeeding due to the country's emotionally ethical ethos, IQ, EQ and social quotient. The idea of writing a book came from the fact that people can’t celebrate something that they don’t understand; AI will be an immense part of everyday life in the next 3-5 years.
- Gen AI will be an immersive component of our lives. In the next few years, the easy would get automated, the hard will become easy, the impossible will become possible. Currently, we’re witnessing chatbots and squirrel bots that are making the automation of easy parts interesting.
- The database market is fragmented; therefore, few companies are at the top of the database market, if we use ARR as the measure of success. The three tenets that are unlikely to change are speed, scale, and a multi-model approach.
- SingleStore has always been committed to backing up important tech innovation hubs across the globe, including the US, India, and Israel, especially from a startup’s perspective.
- 'India has all the ingredients to be the fifth largest market for us in the next three to five years; 25% of our employee base is in India,' said Verma, highlighting his faith in India's technological innovation and skill set.
- Verma underscored the importance of gen AI, and also shared his life experiences to explain the developing technology's importance and demystify AI.
- The emergence of chatbots and squirrel bots is really building out the easy parts, and while that is interesting, it is the shift to when the hard becomes easy and the impossible becomes possible that will be transformative.
- Eventually, AI models will get trained to think close to the human brain on large sample size predictions, aiding the shift towards civilisation as we know it.
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ISN
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Infosys partners with Munich-based zooplus to enhance e-commerce capabilities
- Infosys has partnered with zooplus to enhance e-commerce capabilities.
- Infosys will establish a Global Capability Center in Hyderabad.
- zooplus will leverage Infosys Topaz to drive AI innovation and growth.
- The collaboration will enhance zooplus' expertise in product management, technology, and supply chain.
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Medium
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How To Build An Idea From Nothing To A Prototype in 5 Days
- Followed Jake Knapp’s 5-Day Sprint Methodology to build an idea from scratch to a prototype in just five days
- Defined the problem of helping power users build and deploy custom AI tools without deep technical skills
- Created an AI-powered marketplace for AI workflows as the solution
- Built a functional prototype, gathered user feedback, and formed a startup with co-founders
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Yourstory
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Optimus Unveiled: Tesla’s Humanoid Robot is Ready to Transform Our Future
- Tesla has unveiled its new humanoid robot named Optimus, which CEO Elon Musk says could be 'the biggest product ever' and transform households and industries worldwide.
- Optimus stands 5’8” tall and weighs between 125-160 lbs. Thanks to 28 structural actuators, it can move with impressive dexterity and human-like movement.
- Powered by Tesla's neural network and AI systems, Optimus can navigate spaces without human input. With eight autopilot cameras, it can learn tasks by observing humans or through remote operation.
- Tesla's robot can handle a wide range of tasks, from carrying groceries and walking pets to babysitting and acting as a personal assistant, for households. For manufacturing and logistics, it could replace humans in repetitive tasks and high-risk jobs.
- Musk predicts that the price of Optimus will be between $20,000 and $30,000, once in mass production. This makes it far more affordable than many current humanoid robots costing upwards of $100,000.
- Tesla's ambitious plans for Optimus include unlocking a $20tn market to generate over $1tn in annual profits. Tesla aims to outpace competitors like Boston Dynamics by producing an efficient and cost-effective humanoid robot.
- Concerns about job displacement have come to the forefront as robots begin to take over repetitive or dangerous tasks. The adoption of humanoid robots could also raise ethical questions about autonomy and robot rights.
- Optimus is capable of walking and performing tasks, but needs advancement to make it more human-like in movement and interaction. Tesla is working toward achieving these aspects to make it pleasant to interact with.
- As Elon Musk quips, 'Optimus will walk amongst you'—and soon, it may well become your new best friend.
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Yourstory
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"Money can buy happiness" - Here are 10 things money can't buy you!
- Money can buy a fun night out with friends, but it can't buy genuine connections.
- Lasting happiness comes from within, not material possessions.
- Time is a valuable asset that cannot be purchased.
- True love, respect, peace of mind, passion, morality, memories, and health are priceless and cannot be bought.
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Yourstory
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Hitachi Energy Powers India's Green Future with Rs 2,000 Crore Investment in Energy Transition!
- Hitachi Energy plans to invest Rs 2,000 crore in India to support the country's energy transition and meet growing electricity demands.
- The investment will focus on expanding manufacturing capabilities for power transformers and enhancing HVDC technology offerings.
- Hitachi will collaborate with Indian MSMEs to scale up component production and prioritize digitalization for operational flexibility.
- This investment aligns with India's goal to achieve net-zero emissions and reinforces Hitachi's commitment to cleaner energy solutions.
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Yourstory
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Tech leaders weigh in on how to future-proof businesses with scalable AI systems
- Nearly 75% of business leaders believe their competitive advantage depends on utilizing AI systems.
- Tech experts discuss the importance of scalable and transformative AI systems.
- Considerations for building robust AI infrastructure include scale, GPU availability, and contextual solutions.
- Best practices for AI systems include data governance, security regulations, and democratization of AI.
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Yourstory
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Zudio to Expand into Lab-Grown Diamonds: A Bold Move into the Future of Jewelry
- Zudio, the retail arm of Tata Group, plans to expand into the lab-grown diamond market with a brand called Pome.
- Lab-grown diamonds are gaining popularity due to their affordability, costing around 10% of natural diamonds.
- Zudio's entry into this market is significant as the demand for lab-grown diamonds is expected to grow globally.
- Zudio's aggressive pricing strategy could disrupt the jewelry space and appeal to the younger demographic.
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Eu-Startups
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Breukelen-based PhotonVentures secures €5 million strengthening the Dutch photonics ecosystem
- PhotonVentures, a deep tech fund, has secured a €5 million investment led by Invest-NL.
- This investment strengthens the fund's capital base and supports the photonics industry in the Netherlands.
- Invest-NL joins other notable investors in the fund, aiming for a final close of €100 million by the end of the year.
- PhotonVentures takes an ecosystem approach, investing in photonics startups and providing support for their growth.
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Yourstory
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Noel Tata steps in to fill the shoes of late Ratan Tata
- Noel Tata, the half-brother of late Ratan Tata, has taken over as Chairman of Tata Trust.
- He will lead the Tata Trusts, which hold a controlling stake in Tata Sons.
- Noel Tata has been associated with the Tata Group for over 40 years and has served on the boards of various Tata Group companies.
- He previously served as the Managing Director of Tata International Ltd and Trent Ltd.
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Yourstory
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Zee Media to invest Rs 3.75 Cr in Times of India-backed dating app Flutrr
- Zee Media, through its subsidiary Zee Akaash News, is set to invest Rs 3.75 crore in Flutrr, a vernacular dating app.
- Flutrr Digimate's revenue doubled in FY24 to Rs 2.5 crore from Rs 0.99 crore in FY23.
- Flutrr has previously raised funds from investors like Times of India, The Chennai Angels, and executives from Google, SAP, Microsoft, and DBS.
- Flutrr aims to reach 5-6 million users within the next 12 months and achieve operational breakeven by the end of 2024.
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