Despite being in intense competition with rival giants such as Amazon, Grofers, Flipkart and a slew of local supermarkets that have gone digital, BigBasket has held its position as a leader in the grocery delivery space, and finds itself in the coveted unicorn club with a valuation of over $1.2 Bn. The Bengaluru-based company recently closed a $150 Mn Series F funding round from Chinese ecommerce major Alibaba, South Korea’s Mirae Asset Global Investments and the UK government-backed CDC Group. While private labels may be called a key differentiator in terms of inventory and allows BigBasket a lot of price flexibility, its primary focus is on the technology stack that powers the end-to-end operations from procurement, distribution, supply, delivery, payments and returns.
Gearing up for growth, SOAL’s Founders Raj Desai, Varsha Bhambhani, and Pratik Agarwal said,“We will use these funds to launch the second campus in Mumbai by December and beef up operations with a bouquet of programmes in creative-tech such as Digital Marketing, AI, Blockchain and Design. In the next two years, SOAL aims to launch its tech-enabled learning spaces in metros as well as Tier-II cities.”SOAL’s Founders (L-R): Pratik Agarwal, Varsha Bhambhani and Raj DesaiAlso ReadNew Seed fund in town: Astarc Ventures launches $10M seed fund for Indian startupsSOAL said in a statement that it is disrupting the centuries-old education system that neither develops relevant technical nor soft skills, which are much needed for the fourth industrial revolution happening now. With average salaries at par with the top 20 Indian Engineering Colleges, graduates from SOAL's programme have recently started working with tech organisations like ShopClues, ClearTax, FactSet, ThoughtWorks, NowFl
“We are able to predict drug combinations and translate them very fast in the clinic… [and] we work extremely closely with patient groups, as strategic partners and disease experts,” he adds. It’s also worth mentioning that Healx co-founder, Dr David Brown, has invented several drugs that have made it to market (including being one of Viagra’s inventors). “Obviously, such ambitious bets also come with a certain degree of risk but I would say that in the case of Healx all the early signs are there that we can use AI to solve this “big search” problem better than humans traditionally did.
Speed across different devices Business owners have just recently started taking mobile internet browsing into consideration and they can be somewhat slow when it comes to tending to the responsiveness of their webpage. Everyday common experience shows that a lot of users shop while on the move via their mobile phones, so the e-commerce platform, as well as the rest of your website, need to work across different devices. The user might give a website more time to load when they are on their smartphones as opposed to when they are on their computers just because they are used to things being a bit slow but that doesn’t mean that those 2 seconds can turn into half a minute.
But, what exactly makes a successful partnership and how to set up this small venture on the healthy foundations that will allow all the involved parties to pursue personal goals, but to the mutual benefits? While partiers that belong to the same niche can prove to be a tremendous asset in growing your business, you should primarily seek partnership in the form of persons or companies that possess the skills and resources you don’t and vice-versa. Just devise a good program, order quality champagne and let the associate mingle, network and hopefully open up some new, exciting business opportunities.
Healx, a startup that's using artificial intelligence to expedite drug discovery for rare diseases, has raised $56 million in a funding round led by Atomico.Read More
Molekule is announcing that the Molekule Air Mini home air purifier will debut for $400. You can preorder it now.Read More
The solution is subscription-based, wherein the company gives the hardware product for free and users pay a nominal monthly fee of INR 149(Residential) / 20 paise per sq.ft (Commercial) apart from installation charges. “Our solution is compatible with existing plumbing design and can be customized based on the requirement and helps reduce the demand for water drastically,” said Vijay Krishna, CEO and cofounder of WEGoT. A report on environment accounts released by the Ministry of Statistics and Programme Implementation revealed that the growth in India has come at the cost of its natural resources including water.
In terms of support, EzeRx has been an incubatee at KIIT-TBI, and has also received funding from Villgro's INVENT and energy major Indian Oil Corporation, to continue its work.According to Partha, the startup is now in talks with various State governments, hospitals, and CSR partners for the adoption of its device.“The accuracy and the sensitivity of the device are not dependent on the skin colour, location and religion of the person. "(Edited by Evelyn Ratnakumar)YourStory’s Tech30 companies list is an annual selection of 30 carefully curated and disruptive tech-based startups that we believe will shape the new narrative for India and the world. To get a complete overview of the 2019 Tech30 companies list, download the Tech30 Report here.Also ReadAI can solve problems of healthcare access, improve outcomes in remote areas: Deepak Visweswari...
Coming up next is a series of meetups to help you learn from experts on Cloud Computing about scaling your business.The most successful digital transformation stories are from organizations which understand that this process is not limited to technology, but also empowering their people with the right culture, tools and processes.Here are four ways in which organizations can embrace the cloud and innovate at scale effectively in order to create value for the organisation:Maximize developer efficiency by giving them the best tools and re-usable building blocks to accelerate ideation to realizationCollaboration between developers, both internal and external, with partners and open source communities is important to accelerate developmentOrganizations need to ensure that code can be built, pass the required tests, is secure and can be deployed at any time. Alignment of new features to business objectives and the ability to track these through development, to production is also imperative