Monday, July 5, 2021

Paytm Launches Postpaid Mini To Offer Small-Ticket Instant Loans To Help Users Manage Monthly Expenses


In partnership with India’s leading NBFC Aditya Birla Finance Ltd. (ABFL) 

Introduces Postpaid Mini as the latest addition to the offerings of Paytm Postpaid, which is already helping individuals with instant credit 

Extends credit ranging between Rs 250 and Rs 1000 to pay for expenses like mobile & DTH recharges, gas cylinder booking, electricity & water bills, and more 

With Buy Now, Pay Later (BNPL) service, users can easily pay bills without upsetting their budget 

Provides interest-free credit for a period of up to 30-days 

Establishes presence in over 550 cities in India for convenience of more users 

India’s leading digital financial services platform Paytm announced the launch of Postpaid Mini,an extension of its Buy Now, Pay Later service, driving affordability amongst those new to credit. These small ticket instant loans will give flexibility to users and also help manage their household expenses to maintain liquidity during the ongoing pandemic. This service has been launched in partnership with Aditya Birla Finance Ltd.  

With the launch of Postpaid Mini, the company will offer access to loans ranging from Rs 250 to Rs 1000, in addition to Paytm Postpaid’s instant credit of upto Rs 60,000. This will help users pay for their monthly expenses, including mobile & DTH recharges, gas cylinder booking, electricity & water bills, shop on Paytm Mall and more. With this service, Paytm Postpaid is offering a period of up to 30-days for repayment of loans at 0% interest. There are no annual fees or activation charges, only a minimal convenience fee.  

Through Paytm Postpaid, users can pay at online and offline merchant stores across the country and not have to worry about upsetting their monthly budgets. Paytm Postpaid is currently accepted at thousands of petrol pumps, neighbourhood kirana stores or pharmacy shops, popular chain outlets (such Reliance Fresh, Apollo Pharmacy, etc.), internet apps (such as Myntra, Firstcry, Uber, Dominos, Ajio, Pharmeasy, etc.) and popular retail destinations (such as Shoppers Stop, Croma, etc.) among others. Paytm Postpaid is available in over 550 cities in India. 

Bhavesh Gupta, CEO - Paytm Lending said, "We want to help new-to-credit citizens start their credit journey and develop a financial discipline. Through Postpaid we are also making sincere attempts to help drive consumption in the economy. Our new Postpaid Mini service helps users manage their liquidity by clearing their bills or payments on time." 

Sportz Village’s Active Club Ensures That Children Can Play Anytime Anywhere And Remain Fit During The Pandemic


Sportz Village, World’s No. 1 youth sports organization on a mission to get 100 million kids to play, ensures that children remain active and fit during the pandemic, through Active Club- A special virtual program targeted at children between the ages of 4 to 19 years. Close to 40,000 children have used the Active Club platform to get active and healthy.  

Due to the current COVID-19 pandemic as well as with continuous lockdowns, children are spending more time at home as schools remain shut. Covid or No Covid, physical activity and play are imperative for a child’s holistic development. Therefore, there is a requirement to make home a child’s new playground.  

With the ongoing covid crisis in the country, Sportz Village was quick to adapt to the digital world and come up with a virtual program called Active Club for children between the ages of 4 to 19 years in 2020.  

Benefits of Active Club Program: 

Better Physical Health 

Better Mental Health 

Opportunity to Interact with Peers 

The program intends to include sports and fitness as a part of a child’s daily routine. The program not only ensures that children get to play and have fun but also lays a foundation towards their sports journey. The instructor-led program revolves around getting children and parents to subscribe to different online training modules wherein certified trainers would train the children on various age-appropriate, sports-specific fitness activities. Moreover, since the child would be performing the physical activities at a particular distance from the screen, the probability of straining one's eyes is reduced.  

Customized activities around martial arts, yoga and general fitness were well-received by children with Bangalore, Mumbai, Delhi, Hyderabad, Chennai, and Pune being the most active cities.  

Speaking about the Active Club program, Saumil Majmudar, Co-founder and Group CEO, Sportz Village said, “With an aim to revolutionize the way fitness and sports can be implemented in a child’s routine, we were quick to adapt to the new normal and conceptualize the idea of Active Club. We had an overwhelming response in the past year and hope to reach more children through our program. Holistic development of children has been the prime focus for Sportz Village and though Active Club we have tried to ensure that children stay active, healthy, and happy during these difficult times.” 

About Active Club:  

Young kids need physical activity to build strength, coordination, and confidence to lay the groundwork for a healthy lifestyle. Active Club, an initiative by Sportz Village is on a mission to promote sports & physical fitness into children’s everyday routine. 

Kids who enjoy sports and exercise tend to stay active throughout their lives. Staying fit can improve how kids do at school, build self-esteem, prevent obesity, and decrease the risk of serious illnesses such as high blood pressure, diabetes, and heart disease later in life. 

Mercedes-Benz Research And Development India (MBRDI) Recognized As ‘ER&D Organization Of The Year’ By NASSCOM


Mercedes-Benz Research and Development India (MBRDI) has won the ‘ER&D Organization of the Year’ award at the first edition of Engineering & Innovation Excellence Awards 2021 organized by NASSCOM. With the vision to present and evangelize India as a powerhouse of innovation, next-gen think-force and high impact service delivery, NASSCOM has launched this showcase to demonstrate India’s role as a global leader in engineering and research and development (R&D).

Celebrating this achievement, Manu Saale, Managing Director and CEO, MBRDI said, “It is a proud moment for us to be recognized by NASSCOM as the 'ER&D Organization of the Year’. Our efforts in providing best-in-class digital solutions to our headquarters, that contribute towards building world-class products, have been duly acknowledged. We firmly believe that digital technologies can address the challenges posed by technology disruption in the auto industry. We will continue to push the digital boundaries to arrive at the best possible solutions. The ER&D community has been amongst the unsung heroes of the Indian product engineering industry. It is indeed inspiring to see the technological depth that India has to offer to businesses across the world.”

Since its inception, MBRDI has established itself as the centre of excellence for Daimler in engineering and R&D. With the vision to bring the India-advantage closer to the Group and strengthen competitiveness for long-term success, the company has made several key contributions towards new-age technology of connected, autonomous, and electric driving technologies. MBRDI has also been working on some cutting-edge technologies through its active engagement with start-ups, facilitated through its flagship program called Startup Autobhan.

About Mercedes-Benz Research and Development India (MBRDI)

Mercedes-Benz Research and Development India (MBRDI) headquartered in Bengaluru was founded in 1996 as a captive unit to support Daimler’s research, IT, and product development activities. We focus on topics ranging from computer-aided design and simulations (CAD, CAE) for powertrain, chassis, and exteriors to embedded systems, telematics and developing various IT applications and tools. The satellite office in Pune specializes in interior component designs and IT engineering. The establishment of MBRDI is in line with the Daimler group’s ambition to attract the world’s best engineering talent and form a global footprint for its R&D and IT competencies. MBRDI also aims to partner closely with suppliers in India for its activities in product development and IT services. It is now one of the largest global development centres outside Germany, employing more than 6000 skilled engineers; and has established itself as a valuable partner to all business units and brands of Daimler worldwide.

Adopting Water Stewardship Practices In Water Intensive Textile Industry Can Alleviate Karnataka’s Water Crisis


* Reuse of wastewater is imperative for the sustainability of industries in the region, especially water-intensive sectors such as textiles

Karnataka, a frontrunner in the garment industry in the country, has emerged as a hub for the textile industry with several spinning mills, weaving and finishing units. With favorable state textile policies and integrated apparel parks, the garment industry in the state is flourishing. The capital city of Bengaluru has the presence of global apparel brands along with several large-scale factories that employs lakhs of workers. The concern however, with its groundwater resources running low, and Cauvery River giving limited yields of freshwater annually, is the impending water crisis, which needs immediate course correction. Vrishabhavathi river, a tributary of the Arkavathy river, once a freshwater source for residents of Bengaluru and nearby villages, has become a release point for toxic effluents from several mills and industries in its proximity. Research conducted by Ashoka Trust suggests that Peenya Industrial area that has several textile units and electroplating units, discharge 50% of metals in the river[1].

To promote wastewater reuse and water stewardship practices to address water contamination and water crisis in the state, Centre for Responsible Business (CRB) and The ReFashion Hub has come up with a set of policy recommendations. This is a part of a nationwide campaign launched in collaboration by CRB and ReFashion Hub along with Alliance for Water Stewardship & YWater to raise awareness on wastewater reuse in the textile industry.

Ms. Devyani Hari, Director – Programmes, CRB, said, “Over 20% of the municipal water supply is wasted, while a lot more usage is unaccounted for or unbilled. Most individual houses in the city are equipped with borewells; even these are mostly non-functional as the water table has gone down below 80 feet. Industries and households are both forced to often rely on tankers for water supply. Cauvery water, which is pumped from about 100 kilometres away, costs about USD 6 million in electricity bills per year. With Bengaluru’s population on the way to reach 20 million by 2031, the pressure on existing resources will only increase. In such a scenario, reuse of wastewater is imperative for the sustainability of industries in the region, especially water-intensive ones like textiles.”

Several virtual consultations and meetings were organized with stakeholders in Karnataka by CRB with support from The Refashion Hub to evaluate awareness on water reuse and wastewater treatment in the textile industry. Inputs were sought on the current scenario of wastewater reuse in the textile industry and what policies and incentives can promote textile wastewater reuse and overall water stewardship in the state.

AS per the recommendations, incentivizing water-saving technology is a much-needed intervention. The New Textile and Garment Policy 2019-2024 already provides infrastructure incentives; it should also offer subsidies and incentives for water-efficient technologies. Government can also provide financial and tax subsidies to encourage industries to invest in technologies like waterless dyeing, colour separation, etc. Similarly, the IPDS Scheme (Integrated Processing Development Scheme, 2017), notified by the Ministry of Textiles, can provide financial assistance to set up Zero Liquid Discharge (ZLD) in textile units/parks. The scheme offers infrastructure aid by inculcating 25% of the project cost. With financial assistance to set up ZLD, industrial parks, especially textile clusters, can be equipped with ZLD and captive power plants (thermal or preferably solar), which will help in power supply and steam generation.

At the regional level, Bengaluru Municipal Corporation can set up small-scale Sewage Treatment Plants (STPs) which can cater to designated areas in the city. STPs will help in recycling sewage water for various industrial and non-industrial purposes. Surat is a leading example of such a collaboration between industry and municipality. Different departments such as Urban Development Department, Bangalore Water Supply and Sewerage Board, Karnataka State Pollution Control Board (KSPCB), can collaborate to implement STPs.

KSPCB had already notified STP norms in 2016, which mandated all apartment complexes to treat their sewage water. However, instead of individually investing in STPs, a zone-wise STP model will be more viable, operating like a PPP model, where apartment complexes or homeowners can partially fund the setups. Bengaluru receives sufficient rainfall annually. If the city’s resources are tapped strategically, it can help alleviate the water table and ease the pressure on households and industries which rely on water tankers.

Several stakeholders opined the need for rigorous research and data collection to understand the scope of utilization of treated sewage water and implement water stewardship practices. Ganesh Shankar, Founder, FluxGen Technologies and The Sustainability Mafia said, “data collection helps map patterns to forecast crisis and take corrective actions in advance. Regular water audits and monitoring of water-intensive operations can help address problems at all levels. Data collected on water consumption, water quality and how quality is changing with respect to water availability also enables cost-effective prescriptive maintenance of water treatment equipment with the use of machine learning.”

Comprehensive data on water consumption by industry is lacking. Regular surveys and audits must be undertaken to help understand the scope of utilization of treated sewage water and to implement other water sustainability measures. Such data can help both the industry and policymakers to identify water-intensive operations and make recommendations accordingly. A similar exercise has been undertaken by Gujarat Cleaner Production Centre (GCPC), to understand water usage and scope for improvement, especially in the textile clusters in Gujarat.

About The Refashion Hub:

The ReFashion Hub is a collective working to bring together multiple stakeholders invested in wastewater reuse and management in the textile industry with long term positive climate impact. The stakeholders include fashion businesses, textile bodies, industry leaders, young designers, artisans and consumers. The Fashion Hub will collectivise and engage stakeholders in 4 states - Maharashtra, Gujarat, Punjab and Karnataka to raise awareness and drive conversations about water usage and wastewater generated by the fashion industry, call for commitment from textile bodies and fashion businesses to reduce the fashion water footprint and for treatment of textile wastewater and engage with government departments on reuse or management of textile wastewater.

About Centre for Responsible Business:

Centre for Responsible Business (CRB) was established in 2011 as a think-tank to pursue its vision: ‘businesses integrate sustainability into their core business practices’. Given that sustainability is a multi-dimensional problem especially in the context of India and other emerging economies, CRB has adopted a model of engaging multiple stakeholders to develop action plans for promoting sustainable/responsible business, across various sectors in India.

Skylark Drones Raises $3 Million In Pre-Series A Funding Round


Skylark Drones, a leading drone platform company, announced today that it has secured USD $3 million in a pre-series A funding round to strengthen its product offerings and fuel international expansion. The funding round was co-led by investors InfoEdge Ventures and IAN Fund with participation from AdvantEdge Founders, Fowler Westrup, Redstart Labs, IKP and Vimson group. This follows the company’s previous seed funding round, which took place in 2018.

Skylark Drones, which has offices in the USA and India, aims to elevate worksite productivity and safety by providing geospatial intelligence to different enterprises in sectors such as mining, solar power, real estate, agriculture and inspection. It provides its clients with the ability to use AI powered technology products such as Spectra and Drone Mission Ops. 

Skylark Drones offers end-to-end solutions with Spectra enabling worksite intelligence and several platform integrations and API access. Drone Mission Ops enables project and fleet management for large enterprises and individual operators to effectively plan and execute drone missions. It also offers Dronepass, a device to enable drone manufacturers to comply with local airspace regulations. These solutions allow customers to tap into the advantages of drone data analytics and use it to plan better, construct faster, and operate in a safer way.

"Our vision is to unlock the economic potential of aerial intelligence." said Mughilan Thiru Ramasamy, CEO & co-founder of Skylark Drones. “We thank the lead investors of this round and believe the participation of Fowler Westrup, a leading agriculture solutions company, and Vimson Group mining conglomerate will help further strengthen the sector focussed solutions we offer our customers.”

The company will primarily use the new funding to enhance the actionable insights from drone data that it provides, in order to aid and simplify superior business decisions and strategy for its clients. The investment will also be used to spur international product expansion and development of its drone data analytics products.

Amit Behl, Partner at Info Edge Venture Fund said, “Aerial intelligence is a theme that has immense potential as it provides significant cost, time and accuracy benefits for large infrastructure companies which face frequent cost and time overruns. Skylark has built an indigenous platform that facilitates quick mobilization of independent drone pilots, enabling them to run drone missions to gather aerial images of large worksites. Skylark’s computer vision software analyses this aerial imagery to offer industry specific insights for its mining, solar and construction clients. Being amongst a limited set of players who have a full-stack offering, we believe that the opportunity for the company is global.”

Further adding, Rajnish Kapur, Managing Partner at IAN Fund said, “The global drone software market size is projected to reach USD 9,961.6 million by 2027, growing at a CAGR of 25.05% between 2020 and 2027. With the rising adoption of advanced technologies such as AI and ML, Skylark Drones’ solutions can unlock potential while increasing productivity and ensuring safety of work-sites. What impressed us most was a strong and unique business model – one that is easily scalable in India and beyond. We are delighted to make this contribution and hope the company marks its presence globally.”

“Drones are becoming the norm for remote worksite monitoring & inspections, and we have seen rapid adoption from marquee enterprises like Tata Steel, Ultratech Cement, Softbank Energy over the past few years. We look forward to serving more enterprises in the next leg of our growth story.”, said Mrinal Pai, co-founder of Skylark Drones.

Kunal Khattar, Managing Partner of AdvantEdge Founders said, “The Skylark team led by Mughilan and Mrinal is one of the best teams out there with global aspirations to build deep tech solutions and services for full stack array of drone applications.  We have been impressed by the technology stack built by the team and strong execution demonstrated while working with the country’s top conglomerates.  We are delighted to participate in this round to partner with them to build in India for the world.”

Since its founding in 2015, Skylark Drones has pioneered a variety of technological advances for the drone software industry. The company leverages drone data and transforms petabytes of aerial information into actionable business insights for clients to help them work more efficiently. 

About Skylark Drones

Skylark Drones is a drone platform company aimed at providing work-site intelligence to enable accurate business decision-making using Drone data. The company is building core infrastructure for the global drone ecosystem to achieve this. Its founders are Mughilan Thiru Ramasamy and Mrinal Pai, both Bengaluru-based engineers who are avid drone-enthusiasts. The platform empowers Fortune 500 companies with drone analytics, service providers with secure execution of flights and manufacturers with regulatory airspace compliance. It has offices in the U.S. and India, and has over 100 enterprise clients, more than 1 million images processed and over 20,000 autonomous flights executed via their platform. More information available at www.skylarkdrones.com

NASSCOM Recognizes QuEST Global’s Sindhu Ramachandran As A Woman Role Model In ER&D


* The award recognizes women in positions of technical leadership who serve as a role model for the entire ER&D ecosystem

QuEST Global, a global product engineering and lifecycle services company, today announced that Sindhu Ramachandran, General Manager with the company, has been recognized as ‘Woman Role Model in ER&D’ in the ESP segment at the NASSCOM Engineering & Innovation Excellence Awards, 2021. The award recognizes women in positions of technical leadership who serve as a role-model for their organization and the entire ER&D ecosystem.

Speaking on the development, Sindhu Ramachandran, said, “I am delighted to be recognized as a Woman Role Model in ER&D by NASSCOM. Apart from recognizing my effort, this award is an endorsement of the best-in-class services we provide to global clients from India as a team. This award reflects NASSCOM’s commitment towards increasing opportunities for women in Engineering and will inspire women to join the sector. I would also like to thank QuEST for giving me opportunities to create impact for customers globally.”

Sindhu completed her B.Tech. in Computer Science & Engineering from College of Engineering, Trivandrum, and M.Tech. from University of Kerala and joined QuEST Global in 2008. She was interested to work in medical image processing, which motivated her to join QuEST Global. She has been working on projects involving the implementation of image processing algorithms and their optimization, medical imaging, and other such areas. Her experience in image processing and computer vision made her transition to the execution of AI projects easier and faster. As the relevance of AI increased, Sindhu successfully was able to marry industrial technologies with AI to add pertinent value to the various customers across industries. She conceptualized and positioned AI technologies as a strategic differentiator with the potential to scale across industries. 

Currently, she leads the Artificial Intelligence (AI) Center of Excellence at QuEST Global. Sindhu makes QuEST an AI-aware organization internally by conceptualizing the competency framework for AI-related technologies and identifying the skills, competencies, and levels of expertise to be mapped to organizational roles.

“ER&D has become one of the fastest-growing segments in India as the country emerges as an engineering and design hub for automobiles, aerospace, consumer electronics, machinery, and semiconductors. Women generally bring diverse sets of experiences and will play a crucial role in the growth of the sector. Women leaders such as Sindhu are setting new benchmarks in the sector. I want to congratulate her and all the other awardees for their contributions to the Indian ER&D industry,” said K S Viswanathan, Vice President, Industry Initiatives, NASSCOM.

“We are very proud of Sindhu’s contributions to the ER&D sector. Her ability to solve complex engineering challenges and drive innovation within the company had led to a positive impact for many of our customers. This recognition acts as an inspiration for more women to join the ER&D sector and take it to new heights. At QuEST, we pride ourselves in being a boundary-less organization and have an innovation-friendly atmosphere that has encouraged many amazing women in engineering to become role models in the last two decades. We will continue to provide a productive workplace to women across engineering streams,” added Shrikant Naik, Global Delivery Head, QuEST Global.

The first edition of NASSCOM Engineering & Innovation Excellence Awards in 2021 recognized and felicitated the stellar performances of the Indian ER&D industry. These awards included key themes such as Futuristic Innovation, Inspirational Leadership, and Technical Prowess to showcase breakthrough solutions, honor disruptive leaders and recognize technical capabilities among Indian enterprises, respectively.

Nykaa Launches The Global Store To Offer International Beauty, Skincare Brands In India


* The platform is exclusively available on the Nykaa mobile app

Nykaa, India’s leading beauty and fashion ecommerce platform has recently launched The Global Store, that aims to bring international beauty brands to Indian consumers through a cross-border e-commerce platform. The Global Store can be easily and exclusively accessed through the Nykaa mobile application.

The brands endeavour to be fully compliant with all Indian e-commerce regulations on imports and will display one all-inclusive price, that is inclusive of all customs, duties and taxes. Customers will be  required to provide KYC details as per the applicable government regulations. Orders will be shipped and delivered within 7 to 20 days from the offshore fulfilment centre, directly to the customers’ doorstep.

Through the Global Store, Nykaa brings a strong network of authorized retailers of international brands to India. In order to deliver its promise of authenticity, Nykaa will accredit only a single vendor to each brand.

The platform offers labels from countries across the world including the US, South Korea, Finland, Australia, and Dubai, among others. These brands have been carefully selected and chosen based on global trends. The focus has been on specific skincare concerns, artisanal beauty, mineral based makeup, plant powered haircare and science based clean beauty.

Some of the prominent brands on The Global Store include the recently launched brand Dr Barbara Sturm (luxury skincare that combines the power of ingredient science and potent plant extracts for a #SturmGlow), Pur Cosmetics (mineral-based makeup and skincare solutions- Cosmetify's Hottest Brands of 2020), Butter London (multiple award winning nail products that are formulated with clean ingredients), Cosmedix Skincare (luxe clean skincare line with celebrity followers like Kim Kardashian, Hailey Beiber, Victoria Beckham, Demi Moore), Erno Laszlo Skincare (clean science luxury skincare, considered to be Marilyn Monroe & Audrey Hepburn's secret beauty weapon), Rahua (high quality haircare products inspired by the Amazonian rainforest), and Rodial (global luxury skincare that offers targeted treatments) among others.

Nykaa Spokesperson said, “We are thrilled to launch the Global Store on Nykaa. While we have witnessed the demand for a diverse range of international brands from consumers over time, these brands have faced multiple challenges in the past to enter the Indian market. This platform aims to effectively bridge the gap between global brands trying to tap the Indian market and customers who desire to shop for the best of the brands. Through The Global Store, Nykaa continues to empower its customers by democratizing the access to a host of international brands by giving choice, authenticity and convenience.“

About Nykaa

Nykaa was founded in 2012 by Indian entrepreneur Falguni Nayar with a vision of providing a carefully curated range of products for every beauty solution. Derived from the Sanskrit word ‘Nayaka’ meaning one in the spotlight, it rests on three ideals - curation, content and convenience. Nykaa has an omnichannel model with multiple retail stores across India. The Nykaa Guarantee ensures that all products available at Nykaa are 100% authentic sourced directly from the brand or authorized distributors. Since its launch Nykaa has expanded its offering to include fashion with the multi-brand ecommerce platform Nykaa Fashion and grooming and lifestyle products for men with Nykaa Man. Through engaging and educational content and messaging on social media, emails and the Nykaa Network community platform, Nykaa caters to millions of beauty and fashion enthusiasts across India. Additionally, the Nykaa Pro platform caters to all professional beauty needs with special access and offers. 

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