Author: lakshmanan
In a significant move to bolster the growth of India’s entrepreneurial ecosystem, IIMA Ventures, the entrepreneurial arm of the prestigious Indian Institute of Management Ahmedabad (IIMA), has unveiled the launch of Growth Accelerator 2.0. This revamped initiative aims to empower small and medium enterprises (SMEs), startups, and family businesses across the nation by providing them with the necessary tools, mentorship, and access to funding to accelerate their growth trajectory. Revolutionizing Business Growth: Growth Accelerator 2.0 represents a new chapter in IIMA Ventures’ commitment to fostering entrepreneurship and driving economic growth in India. Building upon the success of their previous accelerator program,…
In a world where global travel has become increasingly accessible, one startup is on a mission to simplify the often-daunting task of obtaining a visa. Atlys, a pioneering e-visa platform, has recently secured $20 million in a Series B funding round led by Peak XV Partners and Elevation Capital, with participation from DST Global. This significant investment is set to fuel Atlys’ expansion and further streamline visa processing for travelers worldwide. Harnessing Technology to Streamline Visa Applications Atlys has quickly gained a reputation for its innovative approach to visa processing. By leveraging cutting-edge technology, the platform automates the visa application…
SAP has completed the acquisition of WalkMe, a leading digital adoption platform, in a deal valued at $1.5 billion. This strategic move marks SAP’s continued push to enhance its enterprise software portfolio, offering customers more robust digital transformation and user experience capabilities.The Deal DetailsThe acquisition, first announced in June 2024, sees SAP integrating WalkMe’s digital adoption solutions into its existing product offerings. WalkMe specializes in helping companies optimize their software usage through real-time guidance and automation, making it easier for businesses to onboard and train employees.Why SAP Acquired WalkMeSAP’s decision to acquire WalkMe is driven by the growing demand for…
Tanny Shelters has unveiled its latest project, the Tanny Shelters IT Park Coimbatore, a massive 7,00,000 sq. ft. facility located on Pollachi Road, marking a significant milestone in Coimbatore’s transformation into a prominent tech and business hub, further boosting the city’s real estate and IT infrastructure. Tanny Shelters: Shaping Coimbatore’s Skyline Tanny Shelters is not just a construction company; it is a visionary force driving Coimbatore’s real estate sector. With a portfolio that showcases modern residential and commercial spaces, Tanny Shelters has established itself as a pioneer in the industry. The decision to venture into the IT sector aligns with…
Tata Consultancy Services (TCS), a global leader in IT services and consulting, has inked a significant two-year partnership with McDonald’s Philippines to modernize and digitally transform the fast-food giant’s 760 restaurants across the country. This partnership is set to enhance McDonald’s operational efficiency by upgrading the chain’s IT infrastructure, enabling it to offer a better and more streamlined experience for both customers and employees.The partnership between TCS and McDonald’s Philippines comes at a crucial time as businesses in the food and beverage sector increasingly shift toward digital transformation to improve customer service, supply chain efficiency, and overall business agility.Scope of…
In a landmark announcement that reverberates across the tech industry, Princeton Digital Group (PDG) has revealed a colossal $1 billion investment aimed at establishing AI-ready data centers in the bustling cities of Mumbai and Chennai. This strategic move not only signifies PDG’s commitment to India but also marks a substantial expansion of its operations, raising its total data center capacity to an impressive 230 megawatts (MW).Aiming for Technological AdvancementsAs the world increasingly gravitates towards artificial intelligence and advanced data processing, the need for robust digital infrastructure has never been more critical. PDG’s investment is poised to revolutionize operational capabilities within…
In a boost to Tamil Nadu’s burgeoning startup ecosystem, Vidhai Accelerator has emerged as a key player, offering startups comprehensive support in the form of funding, mentorship, and essential business tools. This new initiative aims to nurture early-stage ventures across the state by providing resources critical to their growth, particularly in the areas of technology, business strategy, and investment opportunities.Vidhai: A New Hope for Startups in Tamil NaduLaunched with the vision to accelerate the growth of startups, Vidhai offers a well-rounded program designed to help entrepreneurs navigate the complexities of launching and scaling a business. With Tamil Nadu’s reputation as…
In a groundbreaking development that has sent shockwaves through the artificial intelligence (AI) industry, Fei-Fei Li, the renowned AI pioneer often referred to as the “AI Godmother,” has successfully raised an astonishing $230 million for her new startup, World Labs. This substantial funding round not only underscores the immense potential of AI but also positions World Labs at the forefront of technological innovation.A Visionary at the Helm: Fei-Fei Li, a luminary in the AI world, has long been celebrated for her trailblazing work in computer vision and machine learning. Her visionary leadership and unwavering commitment to advancing AI technologies have earned…
In a significant move aimed at shaping the future of artificial intelligence (AI) education, Google CEO Sundar Pichai has announced the launch of a $120 million Global AI Education Fund. This initiative, unveiled on September 21, 2024, underscores Google’s commitment to advancing AI literacy and ensuring that individuals across the globe have access to the knowledge and skills needed to thrive in an AI-driven world.A Global Initiative to Democratize AI LearningThe fund will support AI education programs in various countries, focusing on underserved communities, educational institutions, and research initiatives that promote AI innovation and inclusivity. This initiative reflects Google’s goal…
In a groundbreaking move that is set to redefine the global hospitality landscape, Indian hospitality giant OYO has announced its acquisition of U.S.-based G6 Hospitality, the parent company of the iconic hotel chains Motel 6 and Studio 6. The all-cash transaction, valued at a staggering $525 million (₹4,400 crore), marks a significant milestone in OYO’s strategic expansion into the U.S. market and underscores its ambition to become a dominant player in the global hospitality industry.A Game-Changer for OYO: The acquisition of Motel 6 and Studio 6 is not merely a business deal; it is a transformative moment for OYO, catapulting the…