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Thane will be a Millennial & Women Housing Destination Soon: Vihang Sarnaik 

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Vihang Sarnaik, Director of Vihang Group

MMR’z Thane has the potential to become one of the most preferred destinations for Women and Millennials, says Vihang Sarnaik, Director of Vihang Group. According to Sarnaik, Thane, strategically connected to Mumbai through railways, expressways, freeways and upcoming metros emerges as the ideal canvas for aspirational housing. Thane stands out as the sole market in India where millennials can seamlessly find a mix of lifestyle options and budget-friendly housing. 

The city’s robust connectivity makes it an attractive choice for those seeking professional opportunities in Mumbai while enjoying the tranquility of Thane’s nature-infused living experience. Thane’s allure extends beyond practicalities, offering a unique lifestyle proposition.

In a ground-breaking move poised to reshape Thane’s real estate landscape, Vihang Group, under the visionary leadership of its Director – Vihang Sarnaik, is set to pioneer Millennial and Women Centric Real Estate Development in Thane. Recognising the transformative role millennials play in shaping housing preferences, the group is strategically aligning its projects to cater to the discerning needs of this dynamic demographic. 

While interacting with a group of journalists, Vihang Sarnaik expressed that a staggering 400 million millennials constituting 36% of India’s population and wielding a substantial collective spending power of $330 billion are looking for a youthful destination to call their home. According to him, Thane boasts a remarkable infrastructure, featuring IT parks, business centres, malls, hotels, healthcare facilities, and a robust education system. This burgeoning landscape not only enriches the living experience but also offers promising career prospects, making Thane a dynamic destination for those looking to strike a balance between work and life. 

As a homegrown brand, we understand Thane well, so our aim is not just to offer a home but to create a comprehensive ecosystem, where residents can truly experience a walk-to-work-play-entertainment-shopping lifestyle. This vision not only caters to the preferences of both women and millennials but also resonates with the evolving demands of the modern urban dweller,” avers Sarnaik. According to Sarnaik, The Group is attuned to the unique characteristics and aspirations of women and millennials. 

“We have been able to build a strong social connection with millennials and women and have been steering our focused development towards the aspirational housing segment. As a result, we have been able to sell over 200 units in just 20 days in a cluttered market where selling 20 units in the same period is a herculean task for any other developer,” he added. 

Vihang Group is also at the forefront of acknowledging and embracing the rising influence of women in the industry. According to Sarnaik, the brand’s commitment to inclusivity goes beyond its real estate developments, extending to our corporate culture and project designs. 

“As an Architect, I always felt that there is a need to redefine the aesthetics of real estate projects. So we are embracing gender-neutral and youthful design principles. We want to depart from traditional norms and recognise the importance of creating spaces that cater to a diverse range of preferences and lifestyles. The emphasis on gender-neutral design not only aligns with contemporary trends but also ensures that the living spaces appeal to a broad spectrum of residents. In order to match our aspirations for gender neutrality, we have also recently changed our hiring process where we are prioritizing women and millennials, recognising the unique perspectives and dynamism they bring to the table,” says Vihang. 

According to him, the perceptible change in women’s roles, from influencers to key decision-makers, stems from the need for a secure nest and financial independence. The pandemic has underscored the importance of ownership stability, further fuelling the rise of women as prominent players in the real estate landscape. From determined professionals to self-employed entrepreneurs, women are increasingly investing in real estate, drawn by benefits such as capital appreciation and rental income. 

Vihang Group’s strategic focus on Millennial and Women Centric Real Estate Development aligns seamlessly with the evolving preferences in India’s residential real estate. The aspirational housing segment, characterized by modern design, smart technology integration, and lifestyle amenities, takes centre stage in this forward-looking approach, appealing directly to the aspirations of both hdemographics.

Zeapl.ai – An AI-driven enterprise engagement platform: A catalyst for business success

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The founding team, Zeapl.ai

Vikas Kaul, Ritesh Sharma, Sundeep Aggarwal, and Rohit Khandelwal, co-founders of Zeapl.ai, provide insightful perspectives on the inner workings of Zeapl.ai and its core functionalities. With a wealth of experience in navigating the entrepreneurial landscape, they provide valuable insights into the intricacies of Zeapl.ai’s operations and its pivotal role in revolutionizing enterprise communication. Join us as we delve into Vikas’s expertise to uncover the essence of Zeapl.ai’s innovative solutions.

What does your startup do and why did you start it?

In the digital world, good communication is really important for businesses. But, many companies have problems: their systems don’t work well together, conversations only go one way, and they don’t use older systems enough. Because of this, businesses don’t engage much with their customers, partners, employees, and influencers. 

We’ve worked in big companies for a long time and we noticed two big reasons why it’s hard to use digital technology:

1. Business systems are inflexible and take a long time to change. By the time they’re ready, they might not be useful anymore.

2. There aren’t many platforms that businesses can easily use and connect to other tools to do their work better.

This problem is the same for all kinds of businesses. We realized a need for a platform that can be set up quickly, in just days or weeks, instead of months or quarters. Businesses need to be fast now more than ever.

We wanted to help business and IT teams give all their stakeholders the tools they need quickly and make their work easier, all while keeping focused on business goals.

That’s why we created Zeapl.ai.

At Zeapl.ai, we’re changing how big businesses talk to their users: customers, partners, influencers, and employees. Big companies like TATA, TVS, JK Groups, Marico, Nerolac Paints, Tecno, Itel Mobiles, Berger Paints, Century Ply, and many others use our platform. We’re turning conversations into money-making opportunities.

Our platform connects different business tools together to make digital experiences smooth. This helps brands use better communication to get real results in their business.

Could you tell us about how the co-founders first connected? What led to everyone agreeing on the startup idea, and what were some initial challenges faced while assembling the team and securing funding?

We’ve known each other for the past 15 years since our time at Airtel. We held various roles and saw how the mobile internet changed lives, especially in recent years. Startups worldwide fixed many old consumer practices, making us think businesses needed something similar.

We’ve known Rohit for almost a decade, starting from his days at IIT Delhi. His entrepreneurial background and technical mindset fit well with ours. Our different experiences complemented each other.

The pandemic pushed brands to digitize faster, considering everyone involved.

Lockdowns were tough. We were in different cities, unable to meet clients in person. Despite this, seeing customers quickly adopt our solutions and users appreciating the simplicity kept us motivated.

How has your platform been adopted so far?

The adoption of our platform has been remarkable, with leading brands from diverse sectors such as Automobile, FMCG, Telecom, Retail, ISP, E-commerce, consumer durable, and Building Material showing significant interest and uptake.

What are the unique selling points (USPs) of your startup?

Our platform offers several unique features that benefit enterprises:

Enterprise Integration:

Our platform seamlessly integrates with existing enterprise systems, CRM platforms, and databases, allowing businesses to utilize their data and workflows efficiently.

Hyper-Personalization:

Our AI platform understands individual preferences, purchase history, and behavior patterns to provide personalized responses, recommendations, and offers, ensuring a delightful customer experience.

Contextual Continuity:

With context-aware capabilities, our AI system remembers past interactions, enabling smooth conversations and eliminating the need for users to repeat information, thus increasing engagement.

Omnichannel Excellence:

Our product functions seamlessly across various communication channels such as websites, mobile apps, social media, and messaging platforms, providing a consistent experience for end-users.

Proactive Support:

By offering proactive insights and intelligent suggestions, our platform anticipates user needs, addresses potential issues, and provides relevant solutions, enhancing customer satisfaction and loyalty.

Business Insights:

Our AI product provides valuable data and analytics on each interaction, enabling enterprises to gain actionable insights, refine strategies, and optimize business processes for better outcomes.

Human-Agent Collaboration:

Our solution facilitates a seamless transition between AI and human agents, ensuring a harmonious blend of automation and human touch, particularly for complex queries or emotional interactions.

By delivering intelligent, empathetic, and contextually-aware interactions, our conversational AI platform empowers enterprises to enhance end-user engagement, cultivate brand loyalty, and achieve sustainable growth in today’s competitive market.

Can you share some insights into your revenue model?

We operate on a Software as a Service (SaaS) model. This model provides enterprises with scalable solutions, cost-effective pricing, and seamless updates. It allows flexibility in work practices and grants access to advanced technologies without hefty upfront investments. Moreover, SaaS ensures high levels of security and compliance.

Could you provide a brief background about yourself before launching your startup?

Before venturing into entrepreneurship, here’s a snapshot of our backgrounds:

Vikas Kaul: Previously served as the National Sales & Distribution Head at Airtel, accumulating over 20 years of experience.

Ritesh Sharma: Held positions at renowned brands like Samsung, Reliance, Airtel, and Essar, serving as the Trade Engagement Head for Samsung India, with over 15 years of engagement experience.

Sundeep Aggarwal: Boasts 24 years of work experience, including roles as the Device Head for MTS, with previous stints at Tata, Reliance, Canon, and Airtel.

Rohit Khandelwal: Holds a B.Tech and M.Tech from IIT Delhi, specializing in speech recognition technologies. In his previous enterprise role, he spearheaded the development of a loyalty engagement platform utilized by leading brands.

What challenges have you faced so far?

We’ve encountered several significant challenges, including lengthy sales cycles and complex decision-making processes involving multiple stakeholders. Initially, establishing trust with potential clients and differentiating from established competitors were critical hurdles that required strategic planning and execution.

We are grateful to our customers, partners, and team members who have placed their trust in us throughout this journey.

What awards has your startup won?

We’re proud to have received the following prestigious awards:

Winner of the Graham Bell Award for Innovation in 2022.

Winner of the India 500 Start-up Award in 2021.

HiLabs raises $39 million to expand AI-powered solutions for health plans

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AI-driven health tech firm HiLabs raised $39 million in a series B funding round led by Denali Growth Partners and Eight Roads Ventures.

The funding also involved participation from F-Prime Capital, as per the company’s announcement.

HiLabs aims to cut operational costs and enhance patient outcomes for healthcare organizations through its cloud-based MCheck platform. The platform, utilized by national insurers, can process and summarize clinical data 100 times faster than humans, claims HiLabs.

Over 80% of physicians listed in health insurer provider directories had inconsistent entries, according to a research letter in JAMA. The study indicates that a crucial aspect of the No Surprises Act isn’t properly adhered to or enforced.

In response, HiLabs collaborates with health plans to enhance compliance with the No Surprises Act, boost performance in Centers for Medicare & Medicaid Services (CMS) audits resembling secret shoppers, and automate other administrative tasks.

“Timely and high-quality data exchange between payers and providers is key to reducing care costs and improving outcomes,” said Amit Garg, co-founder and CEO of HiLabs, in a statement. “As we embrace this next phase of growth, we’re thankful for the backing of healthcare-focused investors. We stand poised to propel our AI technology forward, empowering healthcare organizations to make swift, informed decisions based on data that’s not just clean but readily available when it matters most.”

The provider directory solution of HiLabs can analyze data from 80% of the country’s providers. The company aims to enhance the platform by integrating electronic medical record (EMR) and value-based care data.

“Payers are increasingly looking for innovative technology solutions to make complex and disparate healthcare data actionable. The HiLabs team really impressed us with their vision, best-in-class product suite, and strong customer traction, which is a testament to their product-market fit,” said Prem Pavoor, senior partner and head of India and healthcare investments at Eight Roads Ventures. “We have closely followed Amit’s journey over the past couple of years as he has leveraged the U.S.-India corridor very effectively to build both a top-tier leadership team and deep artificial intelligence and machine learning talent in their India R&D centers.”

Eight Roads Ventures, backed by Fidelity, operates offices across Asia, the UK, and the US. In 2022, it unveiled a $250 million healthcare and life sciences fund.

Arya.ag and Shivalik Bank forays into a partnership

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Anand Chandra, Co-founder of Arya.ag

Grain commerce platform Arya.ag announced its partnership with Shivalik Small Finance Bank. Through this collaboration, Arya.ag will serve as a business correspondent for the bank, aiding farmers, agro-processors, and micro-enterprises financially. The goal is to facilitate over ₹200 crore in warehouse receipt financing during the current financial year, the company said in a statement.

Anand Chandra, Co-founder of Arya.ag, said, “Our partnership with Shivalik Small Finance Bank highlights our commitment to empowering farmers and MSMEs traditionally underserved by formal banking. This partnership offers assurance to financial institutions and creates a more inclusive ecosystem for small agri-stakeholders.”

According to the company, this initiative will extend the bank’s reach, providing crucial funding to the agricultural ecosystem throughout India. Partnerships of this nature democratize access to financial services, guaranteeing fair pricing and a steady flow of credit for farmers and Agri MSMEs.

Anshul Swami, Managing Director and CEO of Shivalik Small Finance Bank said, “Our partnership with Arya.ag aligns seamlessly with our vision of focusing on underserved segments through digitally focused, affordable products. Arya.ag’s expertise and dedication have provided an additional layer of professional assurance at all levels, increasing our reach and market penetration at a never-before speed. Together, we are happy to make a difference in the lives of those who need it the most.”

Debt relief platform Freed raises $7.5 million in funding 

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Ritesh Srivastava, founder, Freed

Gurugram-based debt relief startup Freed announced raising $7.5 million in a new funding round.

Sorin Investments, backed by Sanjay Nayar, and Multiply Ventures, an early-stage venture fund, led the round. Piper Serica Fund and several others also participated.

This marks the second equity investment in Freed. Previously, the company secured a $2.8 million pre-series A round in 2022 from angel investors and Multiply Ventures.

Maple Capital Advisors served as the exclusive advisor for this fundraising round.

“This significant investment not only validates the importance of our mission but also provides us with the resources to expand our reach and impact. We are committed to alleviating the burden of debt for individuals across India and this funding will enable us to further enhance our technology, scale our operations,” said Ritesh Srivastava, founder, Freed. 

Freed is a startup focused on consumers, aiding them in debt repayment by offering tools for improved financial management. According to Srivastava, in a period marked by a notable increase in consumer lending, Freed’s platform can assist individuals burdened by excessive debt and experiencing collection pressure from lenders.

Nayar from Sorin Investments emphasized that the company’s services provide these individuals with a pathway to resolve their debts, allowing them to lead respectful lives free from the fear of harassment.

With this recent investment, Freed aims to expedite its growth and enhance its influence in the debt relief sector. Established in August 2020, Freed has facilitated over Rs 1,200 crore enrollment in distressed retail debt through its platform, serving more than 25,000 customers nationwide.

Tamara Leisure Experiences launches Lilac Hotel in Guruvayur

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Tamara Leisure Experiences launched their affordable Lilac Hotel in Guruvayur. Situated 550 meters from Guruvayur Temple’s South Nada, Lilac Hotel features 36 well-furnished rooms with essential amenities. The hotel caters to both leisure and business travelers. This marks Tamara’s debut at Lilac Hotel in Kerala.

“We are thrilled to introduce Guruvayoor as the latest addition to our growing portfolio. This marks our third venture in Kerala, a State that holds immense personal significance to me and remains strategically important to Tamara’s long term vision. With two more properties in Kannur and Alleppey in development, we are committed to furthering our presence in the South, especially Kerala, while actively venturing into new segments and territories nationally and internationally,” said Shruti Shibulal, CEO and Director, Tamara Leisure Experiences, reflecting on this venture.

Lilac Guruvayur presents a range of well-furnished rooms and suites suitable for families, friends, or larger groups visiting for temple visits, ceremonies, engagements, or weddings. With 36 rooms, including inter-connecting options, we offer a comfortable stay for up to 127 guests.

Additionally, Lilac Guruvayur boasts a multicuisine vegetarian restaurant, Kesar, and a spacious banquet hall, Utsava, ideal for hosting various events. Utsava can accommodate up to 300 guests, while the dedicated Sadhya hall accommodates 100 guests simultaneously. Emphasizing sustainability, Lilac Guruvayur implements practices like rainwater harvesting, energy-saving initiatives, responsible linen management, and kitchen waste transformation into compost. The hotel takes pride in its local workforce, fostering a strong bond with the community.

Located near attractions like Panthayil Sree Ayyappa Temple and Chavakkad Beach, Lilac Guruvayur provides guests easy access to the region’s cultural heritage and natural beauty.

Dermatology startup Cureskin raises $20 million 

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The founding team, Cureskin

Dermatology startup Cureskin announced raising $20 million (over Rs 165 crore) in a funding round led by Healthquad, a digital health-focused venture capital fund. The startup disclosed that its existing investors JSW Ventures, Khosla Ventures, and Sharrp Ventures also participated in the Series B funding round.

This latest investment increases Cureskin’s total funding to $26 million, furthering its goal of expanding access to quality dermatological care across the country. In 2022, JSW Ventures had invested $5 million in the startup.

Through its mobile app, Cureskin has treated over 15 lakh customers, with 80 per cent of them hailing from small towns. Guna Kakulapati, co-founder and CEO of the startup, highlighted that various conditions like acne, hyper-pigmentation, post-acne issues, and hair loss have been addressed.

Cureskin operates as an AI-driven dermatology platform, offering clinically validated solutions for skin and hair health.

Healthquad functions as a venture capital fund specializing in digital health, whereas JSW Ventures serves as an early-stage institutional venture capital fund supported by the family office of the JSW Group.

Guna Kakulapati, CEO and Co-founder of Cureskin said, “These funds will help further enhance our AI capabilities, accelerate our growth and expand solution offerings. We aim to provide optimal skin and hair health to millions of individuals across the country.”

CEID Marks a Milestone with the Inauguration of IOCL’s Second CBG Plant in Gorakhpur, UP

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13th March’ 23: CEID Consultant and Engineering Pvt Ltd has achieved another milestone in sustainable energy with the inauguration of Indian Oil Corporation Ltd’s second Compressed Biogas (CBG) plant in Gorakhpur, Uttar Pradesh. The Honorable Chief Minister of Uttar Pradesh, Shri Yogi Adityanath, officially inaugurated the state-of-the-art facility on March 8, 2024. The project’s gas generation (EPCC 1) and gas purification (EPCC 4) aspects were spearheaded by CEID Consultant and Engineering Pvt Ltd, known for its CBG technology approved by MOPNG, aimed at promoting clean energy solutions and environmental stewardship.

This initiative supports CEID’s commitment to sustainable energy and aligns with the Uttar Pradesh government’s vision for promoting clean and renewable energy sources. By utilizing agricultural waste, the plant is set to generate a minimum of 20 tons of pure compressed Biogas (CBG) per day, significantly impacting waste management and reducing the carbon footprint associated with traditional farming practices. Furthermore, the project is a beacon of progress in fostering public-private partnerships for the greater good.

Prince Gandhi, Founder & CEO of CEID Consultant and Engineering Pvt Ltd, expressed his pride in the project, stating, “As the founder and CEO of CEID Consultant and Engineering Pvt Ltd, I am thrilled to witness the successful commissioning of the CBG plant in Gorakhpur, marking another milestone in our partnership with IOCL. Our expertise in EPC services has enabled us to deliver innovative solutions that harness renewable resources like paddy straws for clean energy generation. With ongoing collaborations with GAIL and other PSUs and our recent MOU signing with IGL at India Energy Week, we are committed to accelerating the transition towards sustainable energy across India.”

Deepak Prajapati, CTO, CEID Consultant, and Engineering Pvt Ltd, stated, “I am pleased to highlight our pioneering contribution to gas generation and purification for the IOCL CBG plant in Gorakhpur. With our purification technology, coupled with the utilization of high-quality, state-of-the-art equipment, this project stands as a testament to our commitment to innovation and excellence in the renewable energy sector. At CEID, our in-house manufacturing capabilities further ensure the reliability and efficiency of our solutions, driving us towards a sustainable and brighter future for India.”

Abhinav Govil, DGM Marketing, CEID Consultant and Engineering Pvt Ltd, further states, “As pioneers in sustainable energy solutions within the CBG sector, we take pride in implementing the second CBG plant in Uttar Pradesh. This plant signifies our dedication to utilizing agricultural waste, particularly paddy straw, to produce clean energy, generating 20 tons of CBG per day. Our first plant in UP, operating omulti-feedstockck and producing 5TPD CBG, located in the Hapur district, has been successfully operational for more than a year. With 14 additional plants scheduled for commissioning in UP within the next year, we eagerly anticipate continuing our journey towards a greener future.”

Another significant aspect of the project lies in its profound impact on rural economies. By harnessing 200 tons per day of agricultural waste, the plant offers an eco-friendly solution to waste management and fosters job creation within local communities. Moreover, with CEID overseeing the operation and maintenance, employing 120 individuals, this initiative further contributes to employment generation. By diversifying the energy mix and diminishing reliance on fossil fuels, the CBG plant in Gorakhpur assumes a pivotal role in propelling India’s sustainable development agenda forward.

SaaS fintech startup Perfios raises $80 million in funding 

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Sabyasachi Goswami, CEO, Perfios

Fintech startup Perfios announced that it secured $80 million from Teachers’ Venture Growth (TVG), the late-stage investment arm of Ontario Teachers’ Pension Plan.

Perfios plans to use the funds for inorganic growth and expanding internationally. Additionally, the startup aims to enhance its global presence. It plans to invest in advanced technology for seamless customer experiences in banking, insurance, and embedded commerce.

“Our business has been seeing steady growth year-on-year, with consistent improvement in the bottom line. This investment will further help us in strengthening the digital transformation journey of our partners, thereby powering financial inclusion and providing access to financial services to billions across the globe,” said Perfios CEO Sabyasachi Goswami. 

In January, Bloomberg disclosed that the Warburg Pincus-backed startup is contemplating an initial public offering (IPO) in India. This IPO has the potential to raise approximately $500 million, valuing the company at around $2 billion.

Perfios aims to penetrate the US and European markets in 2024.

“There are our onboarding and decisioning (decision-making) capabilities being used in HR and ecommerce industries…These (adjacent industries) can be very significant (opportunity), provided we focus on them,” Goswami had said. 

Additionally, Perfios received $229 million from private equity investor Kedaara Capital through a combination of primary and secondary share sales.

The startup was established in 2008. Bessemer Venture Partners became part of the company’s investors in 2017 during its Series A round, and Warburg Pincus joined during Series B in 2019.

French startup Mistral AI pledges to uphold open source 

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Arthur Mensch, cofounder and CEO of Mistral AI

French startup Mistral AI, a prominent player in artificial intelligence, pledged on Tuesday to keep its code open source. This commitment stands firm even as the company embarks on a collaboration with Microsoft, where it plans to sell some of its software.

This declaration coincides with a legal action by US billionaire Elon Musk against OpenAI, the creator of ChatGPT, which also has connections to Microsoft. Musk alleges that the company has strayed from its initial non-profit mission to make AI research accessible to everyone.

Musk said Monday he would make his own chatbot, Grok, open source.

On Monday, Elon Musk announced his decision to release his chatbot, Grok, as open source.

At a Microsoft-organized event in Paris, Mistral AI’s head of public affairs, Audrey Herblin-Stoop, emphasized the importance of open source. She stated that it is crucial for establishing a European AI ecosystem and aims to close the gap with US companies.

“The goal is not to abandon open source,” she said. “This technology is revolutionary and we have to be transparent — we must enable people to look under the hood and it’s open source that allows this.” 

The French company, estimated to be worth around $2 billion by some financial entities, unveiled its third-generation language model, “Mistral Large,” in late February. Alongside this, it announced a collaboration with Microsoft.

Mistral Large, positioned by Mistral as equivalent to OpenAI’s GPT-4, is currently accessible on Microsoft’s Azure AI platform.

Co-founder Arthur Mensch affirmed to the French daily Le Monde that despite selling software through the US tech giant, the company remains committed to open source principles.

“Commercial activity will enable us to finance the costly research needed to develop new models,” he said. “We will continue to work on both tracks.” 

The introduction of ChatGPT and other American models sparked a surge among European companies to catch up with the progress.

Established in April 2023, Mistral AI was founded by three French engineers with prior experience at Meta, the parent company of Facebook, and Google.