Author: lakshmanan
Revrag, an emerging AI-driven B2B sales startup, has successfully secured $600,000 in pre-seed funding, marking a significant milestone in its journey to revolutionize the sales industry. The funding round was led by Powerhouse Ventures, with participation from angel investors, including tech entrepreneurs from Chennai and Vellore.Revolutionizing B2B Sales with AIRevrag is at the forefront of leveraging artificial intelligence to transform how B2B sales are conducted. The startup’s platform utilizes AI agents to automate and optimize various aspects of the sales process, from lead generation to customer engagement. This innovative approach not only enhances efficiency but also helps companies close deals…
Tamil Nadu Chief Minister MK Stalin has laid the foundation for a series of industrial projects worth ₹51,157 crore during the Tamil Nadu Investment Conclave 2024. The event, which took place on August 22, 2024, marks a significant milestone in the state’s industrial and technological advancement.Major Announcements and InaugurationsThe investment conclave saw the inauguration and foundation laying of 28 projects that promise to propel Tamil Nadu onto the high-tech highway. Among the highlights is the ₹400 crore high-tech center in Coimbatore, a collaboration between Tamil Nadu Industrial Development Corporation (TIDCO) and the Tata Group. This center, located at Anna University,…
Dabur, one of India’s leading FMCG companies, is set to make a significant investment in Tamil Nadu. The company plans to set up a state-of-the-art manufacturing plant with an investment of Rs 400 crore. This facility will be located in Tamil Nadu’s food park and is part of Dabur’s strategy to strengthen its footprint in South India.Why Tamil Nadu?Tamil Nadu, known for its robust industrial infrastructure, has been chosen for this ambitious project due to its strategic location and business-friendly environment. The state’s developed logistics and supply chain facilities make it an ideal location for Dabur’s new plant.Expected ImpactThis investment…
In a landmark achievement for India’s space technology sector, a Tamil Nadu-based startup has successfully launched the nation’s first reusable hybrid rocket, Rhumi-1, from a mobile platform in Chennai. This groundbreaking mission, dubbed Mission Rhumi 2024, represents a significant leap forward in the development of reusable rocket technology in India.Pioneering Space TechnologyThe Rhumi-1 rocket, developed by Space Zone India Pvt. Ltd., is a testament to the ingenuity and innovation of the Indian aerospace industry. Unlike traditional rockets, which are either solid or liquid-fueled, Rhumi-1 utilizes a hybrid propulsion system, combining the advantages of both types. This allows for greater efficiency,…
Mumbai-based fintech startup TransBnk has successfully secured $4 million in a Series A funding round, marking a significant milestone in its journey to disrupt the global transaction banking industry. The funding round was led by 8i Ventures, with participation from Accion Venture Lab and other notable investors, underscoring the confidence in TransBnk’s innovative approach to financial technology.A Strategic Leap for TransBnkFounded with the vision to streamline and modernize transaction banking, TransBnk is positioned at the forefront of the fintech revolution in India. The $4 million infusion will be pivotal in scaling the startup’s operations, enhancing its tech stack, and expanding…
The Open Network for Digital Commerce (ONDC) is making waves in the financial sector with its latest innovation—a revolutionary 6-minute digital loan service. This new offering is set to redefine the landscape of financial transactions in India, bringing swift, paperless credit solutions to a broader audience. ONDC’s Bold Move into Digital Lending In a significant expansion of its services, ONDC has introduced a new digital lending feature that promises to deliver loans in just six minutes. This initiative aims to streamline the borrowing process, making it faster and more accessible for consumers across India. By leveraging technology to cut down…
In a significant stride towards AI innovation, Microsoft has introduced its latest series of small language models, the PHI 3.5. These models are poised to redefine the landscape of artificial intelligence, offering unparalleled performance and efficiency that surpass even some of the most prominent models from industry giants like Google and OpenAI.What Sets PHI 3.5 Apart?The PHI 3.5 series stands out due to its compact size combined with its ability to deliver results that rival much larger models. This new series includes models such as MoE Instruct, Open Source GEMINI, and Flash GPT-4o Mini, each designed to address specific use…
Qubit Capital is making waves in the global funding landscape with its groundbreaking AI-driven startup-investor matchmaking platform. By leveraging the power of artificial intelligence, Qubit Capital is transforming how startups connect with potential investors, streamlining the funding process and opening up new opportunities for businesses around the world.Revolutionizing Startup FundingTraditionally, securing funding has been a time-consuming and complex process for startups. Finding the right investors who align with a company’s vision and goals can be challenging, often requiring extensive networking and outreach efforts. Qubit Capital aims to simplify this process by using advanced AI algorithms to match startups with investors…
Ratan Tata, through Tata Electronics and other Tata Group entities, is set to build a new industrial city in Hosur, Tamil Nadu. This ambitious project is expected to create thousands of jobs and significantly boost the local economy, positioning Hosur as a major industrial hub in South India.A New Industrial Hub in HosurThe new industrial city will be strategically located in Hosur, known for its proximity to Bengaluru and robust infrastructure. Tata Group’s initiative aims to replicate the success of Jamshedpur, India’s first planned industrial city, also developed by Tata Group. The project will focus on multiple sectors, including technology,…
In a landmark achievement for India’s semiconductor industry, Mindgrove Technologies, a startup incubated at IIT-Madras, has launched the country’s first indigenous high-performance microcontroller unit (MCU). This innovation aims to elevate the standards for smart devices by providing a cost-effective and efficient chip solution.The Mindgrove MCU ChipMindgrove Technologies has introduced a microcontroller chip that stands out due to its high performance and affordability. The chip is engineered to meet the increasing demands of smart devices, particularly in the realm of the Internet of Things (IoT).Key Features and Specifications:Affordable Pricing: By leveraging cost-efficient production methods, Mindgrove has managed to price its MCU chip…