Apr 17, 2024 | Uncategorized
Namma Yatri, India’s leading people-first mobility app, is proud to announce the launch of cab services in Bengaluru. Addressing the prevalent issues of high commissions and lack of transparency, Namma Yatri pioneers and is dedicated to a lifetime zero-commission, direct-to-driver model. This strategic shift not only enhances driver income but also fosters improved vehicle maintenance and elevated customer experiences. Aligned with the ethos of transparency and community collaboration, Namma Yatri proudly operates within the ONDC network, offering 100% open data and open-source code. Additionally, Namma Yatri takes the lead as the first app to embrace the latest Pricing Guidelines set forth by the Karnataka Government. This commitment ensures fair pricing practices, eliminating unjustified surge pricing during peak hours for the benefit of customers and drivers alike.
Namma Yatri’s cabs, like its autos, prioritize transparency and efficiency. It offers cab services – Non-AC Mini, AC Mini, Sedan and XL Cab, catering to diverse customer needs. Non-AC Mini Cab, a unique addition, addresses frequent misunderstandings between drivers and customers regarding AC usage. It sets clear service expectations and competitive pricing for budget-conscious customers while promoting eco-friendly rides. The app will soon introduce inter-city, rentals, scheduled rides and open up across Karnataka. It will also accommodate special requests like disability-friendly rides, extra luggage, traveling with pets, and trips to public transport hubs.
Dr. Ramalinga Reddy, Minister of Transport and Muzrai, Govt. of Karnataka inaugurated the event and said, “I am proud to inaugurate this milestone event for Namma Yatri, Karnataka’s own homegrown app. Their community-centric approach and pioneering efforts in driver welfare set a commendable precedent. I applaud their commitment to innovation, transparency, and inclusivity, and wish them success with the cab service launch”.
At the launch event, Mr. Shaik Salauddin, Elected National General Secretary, The Indian Federation Of App Based Transport Workers (IFAT), said, “We congratulate Namma Yatri for developing a direct-to-driver, open mobility platform to empower our community and offer fair pay and mutual respect. It will amplify welfare schemes for gig and platform workers”. The cab drivers present during the event pledged to deliver “Sakkath Service” for excellence in customer service.
Mr. Magizhan Selvan, Chief Executive Officer at Namma Yatri, emphasized, “Namma Yatri isn’t merely an app; it represents a transformative approach to addressing mobility challenges on a large scale. We are dedicated to empowering drivers through cutting-edge technology at an optimal cost, fostering satisfaction among both drivers and commuters. We have received strong support from the cab driver community. Our driver wellness programs, initiatives for safety and sakkath-service are adapted for the cab driver community. Ensuring driver satisfaction translates directly into providing the best service to valued customers.”
Namma Yatri already has 25,000 cab drivers and aims to onboard over 1 lakh drivers in the next six months. With its innovative product features and community-led approach, Namma Yatri commits to fast pickups, low cancellations, affordable prices, and reliable service. Namma Yatri’s foray into cabs highlights its commitment to revolutionizing urban mobility in Bengaluru through technology and people-first approach. As the platform continues to grow, it remains focused on fostering a sustainable and inclusive transportation ecosystem that benefits all stakeholders.
Apr 17, 2024 | Uncategorized
CIFDAQ – The Evolution of Innovative Blockchain Ecosystem powered by AI, is a new-age fintech company that offers integrated solutions spanning the blockchain layer 1, native coin, exchange services, MPC Wallet, DeFi, NFT, gaming, and other products. It is proud to announce the launch of its India operations.
CIFDAQ’s innovative solutions bridge the gap between traditional frameworks and blockchain technology, empowering businesses to thrive in a rapidly evolving Web 3.0 landscape, ensuring a balance between centralized government, decentralized economy, and users’ interests, CIFDAQ prioritizes transparency, security, scalability, and synergy with centralized economies.
CIFDAQ Blockchain Ecosystem Ind Limited is now officially registered in India and headquartered in Mumbai, with additional offices strategically located in Delhi, Bengaluru, and Kolkata. Its debut in the Indian market represents its commitment to advancing the blockchain landscape.
Speaking on the occasion, Mr. Himanshu Maradiya, Founder & Chairman of CIFDAQ, expressed his enthusiasm for CIFDAQ’s entry into India, stating: “We are thrilled to embark on this new chapter of CIFDAQ’s journey as we set foot in the vibrant and dynamic Indian market. Our innovative solutions are poised to address the unique challenges and opportunities present in India’s blockchain and digital finance ecosystem. We aim to empower businesses and individuals with enhanced security and efficiency, driving growth and innovation across various sectors.”
Reflecting on CIFDAQ’s India launch, Rahul Maradiya, Co-Founder and Global CEO, CIFDAQ commented, ” We envision CIFDAQ as a catalyst for change, empowering businesses and individuals with cutting-edge solutions that enhance security, efficiency, and accessibility in the digital finance space. Our goal is to revolutionize the blockchain ecosystem and unlock its full potential, paving the way for a more inclusive and prosperous future.”
From the age of 20 Rahul has contributed to conceptualizing CIFDAQ alongside his father, Mr. Himanshu Maradiya. He has been regularly featured among the Web 3.0 and blockchain global community as one of the key young entrepreneurs in the space.
Apr 17, 2024 | Uncategorized
Wardwizard Innovations & Mobility Limited, one of the leading manufacturers of electric vehicles under the brands ‘Joy e-bike’ and ‘Joy e-rik’ dispatched 3,801 units of electric two-wheelers and 16 three-wheelers in March 2024. This marked a 1.5% growth compared to March 2023, when the company had sold 3,744 units of two-wheelers. The company also recorded a significant growth of 88% as compared to February when it sold 2,018 units.
Led by strong demand for its EV products and the rapid expansion of distributor showrooms nationwide, the company sold over 26,000 units (26,996) of electric vehicles, including two-wheelers and three-wheelers, in the fiscal year (April’23- March’24). Throughout the year, the company inaugurated more than 150 distributor showrooms and intends to further expand its distribution network in FY25, aiming to make EVs accessible to everyone.
Mr. Yatin Gupte, Chairman and Managing Director of Wardwizard Innovations & Mobility Limited, said, “We thank our customers for their growing trust on us, enabling us to lead the e-mobility transition from the forefront. Being an emerging player in the ever-evolving transportation landscape, we prioritize delivering cutting-edge technology and quality products that empower our customers. In FY2024, we have achieved significant progress and reached some key milestones, including selling of 1 lakh electric two-wheelers. We showcased a ground-breaking hydrogen-powered e-scooter prototype at the Bharat Mobility event, expanding our horizons. Our strategic expansions both domestically and internationally, with a new assembly line in Deoghar, Jharkhand, and an MoU with the BEEAH Group for a plant in Sharjah, further strengthened our presence. The launch of our versatile Joy e-rik three-wheeler diversified our product portfolio. The surge in sales growth reflects our customers’ trust. Building on this momentum, FY2025 promises even greater innovation with aggressive R&D investments in next-generation technologies, fuelling a more diverse product portfolio and solidifying our leadership in the market.”
Highlights of the Financial Year (April’23 – March’24)
| Sales Milestone |
– ‘Joy e-bike’ rolled out its 100,000th unit of electric two wheeler from its state-of-the-art manufacturing plant in Vadodara. |
| New Assembly Line Facility |
– Wardwizard inaugurated its new assembly line facility for electric two-wheelers in Deoghar, Jharkhand to cater the rising demand. |
| Commencement of Deliveries of MIHOS |
– Commenced the deliveries of electric two-wheeler MIHOS and electric three- wheeler Joy e-rik from 19th April 2023, in the phased manner across Gujarat and Maharashtra. |
| Unveil of hydrogen powered electric Scooter |
– ‘Joy e-bike,’ unveiled the concept of its first hydrogen-powered electric two-wheeler at the maiden Bharat Mobility Global Expo 2024 |
| Vibrant Gujarat Global Expo 2024 |
– Wardwizard Innovations & Mobility Ltd unveiled 6 concept electric vehicles at Vibrant Gujarat Global Expo 2024 |
| New Distribution Channel / Network Expansion |
– The Company on the move to establish 150 ‘Distributor Showrooms’ at the district level in order to cement its relationships with Taluka-level Dealers. Further, these showrooms will ensure efficient supply chain management for the distributors and dealers, and increase the ease of getting vehicles along with providing services to customers.
– – The company Strengthens Distribution Network Inaugurates 150+ Distributor Showrooms till February 2024 |
| MoU of Rs 2000 cr. with Gujarat Govt to develop EV Ancillary Cluster in Gujarat |
– Wardwizard Innovations has signed a Memorandum of Understanding (MOU) with the Government of Gujarat to invest Rs. 2,000 crores in the development of an Electric Vehicle Ancillary Cluster by 2024.
– This agreement is geared towards fostering the growth of the electric vehicle industry and aligning with the government’s vision of enhancing green mobility within the state. |
| Joy e-bike Collaborates with A&S Power |
– The brand took a significant step towards establishing its EV Ancillary Cluster by signing a long-term Original Equipment Manufacturer (OEM) agreement with A&S Power, a renowned technology provider. This partnership focuses on advancing Next-Generation Li-ion cell technology, contributing to the creation of India’s first EV Ancillary Cluster in Gujarat. |
| Global Partnerships for Electric Vehicle Manufacturing |
– Wardwizard Innovations signs MoU with US-based Triton EV. Under the five-year proposed strategic alliance, Triton EV has selected WMIL as its manufacturing partner for battery-operated trucks for India and the UAE
– Additionally, Wardwizard will expand its manufacturing capabilities to produce two and three-wheelers for Triton EV.
– Wardwizard Innovations & Mobility Limited and BEEAH Group – Sharjah -UAE, signed a Strategic Collaboration to manufacture electric vehicles and promote sustainable environmental practices in GCC countries and African nations. As a part of this strategic alliance, WIML and BEEAH Group will conduct technical and commercial feasibility studies for the production of two-wheelers, three-wheelers, and battery-operated trucks, both small and large, in the UAE. |
| EV Centre of Excellence |
– Signed a Memorandum of Understanding (MoU) with the Dogra Regiment and established the Wardwizard’s EV Centre of Excellence at Dogra Regimental Centre, Ayodhya Cantt in Faizabad, Uttar Pradesh. This initiative aims to facilitate skill development and create employment opportunities in the EV industry for ‘Agniveers’ and retired army personnel by providing training in various segments of this industry. |
| Partnership With Gramin Sevikas & UNDP |
– ‘Joy e-bike’ partnered with Gramin Sevikas, the Jharkhand Government, Airport Authority of India, and UNDP for the “Resilience Building of Communities around Birsa Munda Airport, Ranchi” project. They handed over 200 Wolf low-speed electric scooters to Gramin Sevikas today in the presence of Shri Sanjay Seth, Member of Parliament, Ranchi, to empower these communities. |
| Marketing & Branding |
– On boarded the famous Bollywood duo, Saif Ali Khan and Kareena Kapoor Khan as its brand ambassadors.
– ‘Joy e-bike’ proudly sponsors the India Tour of Ireland 2023, now known as the ‘Joy e-bike Cup.’ They will also showcase their ‘Made in India’ electric two-wheeler, ‘Mihos,’ at the Malahide Cricket Club Ground in Dublin.
– A collaboration between Joy E-Bike and prominent media houses like Aaj Tak, India Today, and TV9 Bharatvarsh ensured efficient on-ground reporting during the elections. Chitra Tripathi, a prominent news anchor on Aaj Tak, utilized MIHOS, highlighting its performance and agility while navigating busy election scenes.
– Joy E-Bike partnered with The Global Business Summit 2024 as the official EV partner. |
Apr 17, 2024 | Uncategorized
In a groundbreaking move towards democratizing access to mental well-being resources, Idanim, India’s premier meditation app, announces that it is now entirely free for all users. With a commitment to fostering mindfulness and inner peace across diverse communities, Idanim is proud to offer LIVE and guided meditations in both Hindi and English, completely free.
This bold decision underscores Idanim’s core mission of making meditation an accessible and integral part of everyone’s life. By removing financial barriers, Idanim aims to empower individuals from all walks of life to embark on their journey towards inner tranquility and holistic well-being.
The latest update grants all users access to previously premium features, including daily live meditations, personalized guidance from teachers, offline downloads, and much more. With these enhancements, Idanim reaffirms its commitment to providing a comprehensive meditation experience that caters to both meditation beginners & seasoned practitioners. This update comes as a huge delight to its growing user base.
“This marks a new chapter for Idanim,” says Raman Mittal, Co-founder of Idanim. “The decision to make Idanim completely free stems from the very core of why we created Idanim in the first place. We believe that with this change, we will be able to help many more people initiate and deepen their meditation practice and become more mindful, peaceful, and joyful.”
Idanim invites everyone to join the meditation revolution and experience the profound impact of meditation in their daily lives. With a renewed focus on accessibility and inclusivity, Idanim is committed to supporting individuals in their pursuit of mental and emotional resilience.
Apr 17, 2024 | Uncategorized
PineGap.ai, a New York-headquartered AI SaaS startup dedicated to revolutionizing equity research on Wall Street, announced today the successful closure of a $2.5 million seed round. The funding round was led by US-based investors SVQuad and Inventus Capital, with participation from DeVC and notable Silicon Valley serial entrepreneurs like Mohit Aron (Founder, Cohesity/Nutanix), Vetri Vellore (Founder, Ally.io), and Mohan Kumar (Managing Partner, Avataar Ventures), alongside Wall Street executives.
PineGap.ai aims to empower equity research analysts working in Hedge funds, Mutual funds, and Investment Banks by providing them with an advanced AI-powered platform to interpret data and derive insights from public company filings. The platform is powered by Pine-LLM, PineGap’s proprietary deep reasoning technology.
“We are thrilled to have secured $2.5 million in seed funding from leading investors in Silicon Valley,” said Deepak Sharma, Co-Founder & CEO of PineGap.ai. “This investment will accelerate our product development efforts and allow us to build an engineering team both in Bangalore and the US. We are looking forward to hiring the best and brightest minds in engineering as part of our core team.”
The founding team behind PineGap.ai brings together a wealth of experience from prestigious institutions and organizations. Deepak Sharma, an IIT-BHU graduate, leads the company as CEO. Co-founder Ankit Varmani, with over 15 years of Wall Street experience, serves as the Chief Business Officer. Avijit Thawani, the founding engineer and Head of AI, brings expertise in Generative AI/LLMs from his PhD at USC.
BV Jagadeesh, Founding Managing Partner at SVQuad, expressed excitement about the partnership: “Financial research analysts need to make accurate predictions on publicly listed companies based on enormous amounts of information available as accurately and as quickly as possible. PineGap founders with deep domain expertise are solving this complex problem using GenAI. At SVQuad, we are very excited to partner with PineGap and provide our 100+ years of operational experience to help build PineGap into a market leader and a lasting institution.”
“With the capital provided from the seed round, we plan to deliver an exciting product to the industry which they can trust and incorporate as part of their workflow,” said Varmani.
Apr 17, 2024 | Uncategorized
Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a ‘Born Digital. Born Agile’, Mindful IT Company, today announced the new GenAI chatbot – ‘hAPPI’, developed by its Generative AI Business Services (GBS) unit for Happiest Health.
A groundbreaking Generative AI-powered chatbot, poised to redefine the way individuals engage in health and wellness knowledge conversations, hAppI represents a significant advancement in providing personalized and informative interactions for users in the healthcare domain.
Joseph Anantharaju, Executive Vice Chairman, Happiest Minds, said, “It is a matter of great pride that our GBS unit has developed an innovative Gen AI chatbot tailored for Happiest Health. We firmly believe in the transformative potential of Gen AI for our customers and Happiest Minds’ future. Our Gen AI Business Unit has hit the ground running, already serving over 20 customers and in ongoing discussions with many more.”
Sridhar Mantha, President & CEO, Generative AI Business Services, Happiest Minds, said, “In partnership with Happiest Health, we crafted India’s premier GenAI healthcare chatbot using Large Language Models, enabling interactive health advice from a vast repository of articles. This breakthrough solution, equipped with a dynamic content update system and scalable to enterprise solution demands, significantly improves user interaction while meeting Happiest Health’s strategic goals.”
Anindya Chowdhury, President and CEO, Happiest Health, said, “We are excited to present hAppI as a transformative force in the health and wellness knowledge domain. We are confident that the simplicity of hAppI will enable consumers to easily chat about health and wellness concerns and get personalized responses curated from our treasure trove of over 4000 articles based on insights shared by thousands of doctors and other experts. This will ultimately contribute to improved health outcomes and well-being for all. Notably, hAppI achieves an impressive average response time of 3-4 seconds per query, highlighting its efficiency and effectiveness in delivering timely information to users.”
Ravi Joshi, Chief Editor, Digital, Happiest Health, said, “hAppI represents a breakthrough in healthcare innovation, signaling a significant milestone in the industry’s evolution. With its advanced AI capabilities, hAppI is positioned to revolutionize the way health and wellness conversations take place, paving the way for a more streamlined and efficient experience for users. By harnessing the power of artificial intelligence, hAppI offers users a seamless and intuitive interface for engaging in healthcare-related discussions. Its ability to understand natural language and swiftly address user queries sets a new standard for conversational AI in the healthcare landscape.”
A trailblazer in Generative AI, Happiest Minds has strategically invested in a dedicated Generative AI business unit, enabling it to offer a comprehensive suite of services across various domains -EdTech, BFSI, Healthcare, etc. With a robust team of AI engineering experts, an extensive repository of 120+ use cases, and a track record of building tailored solutions for 20+ customers, Happiest Minds has solidified its position as a ‘Niche & Established’ player in Gen-AI Engineering Services, as recognized by Zinnov’s 2023 Zones Ratings for Digital Engineering and ER&D Services.
