Rajeev Butani Joins Prodapt As The New CEO & Board of Directors

* He will guide the company’s expanded focus on connected platforms and software 

Prodapt, a leading global consulting, technology, and managed services provider to the connectedness industry announced that Rajeev Butani, CEO and Board Member of HeadSpin, has joined its board of directors. 

Prior to HeadSpin, a developer platform enabling companies to enhance their digital experiences, Rajeev was the Senior Managing Director and Group Technology Officer for Accenture’s Communications, Media, and Technology Operating Group globally. He has also served on Accenture’s Global Leadership Committee. He was a founding member of Accenture’s Advanced Technology Centers and led the company’s Software and Platform Business based in the Bay Area.  

“We are excited to welcome Rajeev to the Prodapt Board,” said Vedant Jhaver, the Chairman & CEO of Prodapt. “Rajeev is a seasoned executive with a deep understanding of connected platforms and software. His expertise will help accelerate our growth and leadership in the connectedness space,” he added. 

On joining the board of directors at Prodapt, Rajeev Butani said, “With a singular focus on the Connectedness vertical, Prodapt has become a critical partner enabling next-generation technologies and innovations for the world’s leading telecom companies. It is exciting to see Prodapt bring the same focus and commitment to the connected platforms and software industry. I am delighted to be a part of the Prodapt Board, and I look forward to partnering with Vedant, Harsha, and the Prodapt team in this journey.” 

Harsha Kumar, President of Prodapt, said, “Rajeev has an unparalleled track record in leading businesses and driving leading-edge technology innovation. I am very excited to work closely with Rajeev in developing & executing our growth strategy.” 

About Prodapt 

Prodapt has a singular focus on the Connectedness vertical. Prodapt partners with the leading creators of our hyper-connected world. Prodapt’s customers range from telecom operators, digital/multi-service providers (D/MSPs), technology and digital platform companies in the business of Connectedness. 

Prodapt builds, integrates, and operates solutions enabling next-generation technologies and innovations. Prodapt services global leaders including Google, Facebook, Amazon, Microsoft, AT&T, Verizon, CenturyLink, Adtran, Vodafone, Liberty Global, Windstream, Virgin Media, Rogers, Deutsche Telekom, among many others. Prodapt’s customers help more than a billion people, and five billion devices stay connected. Prodapt has offices in North America, Europe, Latam, India, and Africa. It is part of the 120-year-old business conglomerate, The Jhaver Group, which employs over 22,000 people across 64+ locations globally. 

CoinSwitch Lists 100th Coin For Its Users To Invest In Indian Rupees

* With over 18 million users, CoinSwitch is the largest crypto company in India

CoinSwitch, India’s largest Crypto investing app, has listed 100th coin on its trading platform, providing users a wide range of Crypto assets to purchase in Indian Rupees, besides popular coins such as Bitcoin, Ethereum, and Shiba Inu. Now users can purchase and sell these Crypto assets in Indian Rupees following safe investing guidelines.

CoinSwitch keeps investor protection at the forefront even as it continues to list newer assets. The company recently introduced a Riskometer feature to warn users before they purchase a crypto that is new or is potentially volatile. The risk levels are assessed by analyzing a coin’s origins, utility, and other factors. The additional nudge respects the user's choice while enabling informed decisions.

“At CoinSwitch, we deliberate carefully before listing any coin on our platform. We place user protection and education at the forefront of all business decisions, even as we provide them with greater choices. Today, we are pleased to provide our 18 million users with 100 Crypto assets to purchase and invest in with Indian Rupee. Users can learn more about these coins from our educational platforms such as the CoinSwitch blog and YouTube channel and make an informed investment decision,” said Ashish Singhal, CEO & Co-Founder of CoinSwitch.

The company has implemented several measures to make Crypto investing safe and trustworthy in India. On the CoinSwitch app, users can deposit and withdraw only Indian Rupees from their verified bank account after submitting necessary KYC details. The app is open for only resident Indians. Further, it conducts name screening (for Politically Exposed Person status, Sanctioned list, and negative news) if a user makes a transfer beyond a threshold.

With a mission to make money equal for all, CoinSwitch provides users with a safe, simple, and trusted platform for users to invest in Crypto assets, and equips users with educational content to make informed decisions. Users can consume these educational materials on the CoinSwitch blog, YouTube channel, Instagram, and other platforms.

Bitbns Is Country’s First Crypto Exchange To Facilitate Automated Trading In Cryptocurrency

* Partners with Tradetron to broaden retail participation in Indian cryptocurrency trading and investments

·         To empower users to automate their investment strategies

·         Algorithm strategies created by investors for their own use or for others to avail automated crypto trade

·         Investment algorithm to be accessible to both existing and new users

·         Tradetron is the most widely used automation platform for trading in the country

Bitbns, a leading Indian cryptocurrency exchange, has partnered with Tradetron, the country's most widely used algorithm automation platform, to facilitate automated crypto trading for its traders and investors. With this strategic partnership, Bitbns aims to empower its users to automate their investment strategies while facilitating seamless trading and investment in the digital asset class.

Automated trading, also known as Algo trading, is the process of using computers programmed to follow a defined set of instructions for placing a trade to generate profits at a speed and frequency that is impossible for a human trader. The most significant advantage of automated trading is that users can execute a particular crypto trading transaction on multiple indicators, inclusive of a targeted price at lightning speed. 

Automated trading has been popular among equity traders. It is now slowly becoming a popular choice among crypto traders globally too. 

It empowers strategy creators by allowing them to automate their strategies and make them available to investors and traders worldwide. Users need not have to write a code and yet can create an algorithm to trade automatically.

Tradetron is a multi-asset, multi-currency, multi-exchange which allows strategy creators to create trading algorithms using a web-based strategy builder. Once the users create the algorithm, it can be listed on the exchanges where investors can subscribe to them and take those trades in their existing brokerage accounts. Tradetron is the most widely used traded automation platform in the country. 

Commenting on this development, Gaurav Dahake, Founder & CEO, Bitbns, said, "Innovation is at the heart of everything we do and as one of the country’s leading crypto exchanges, we have always pursued to offer a seamless end-to-end trading and investment experience to all our customers. Our partnership with Tradetron, will offer our users the unique proposition to avail a more systemic approach to active trading than being driven by emotions or mere gut. By following a defined set of instructions pertaining to price, quantity, timing etc. this trading mechanism has the potential to help build more discipline into trading. Additionally, the platform will help build more trust among retail investors who can now bank on a computer program to enjoy smart trading while opting for the strategy that works best for them."

Commenting on the development, Umesh Ranglani, CEO, Tradetron Inc, said, “Crypto as an instrument has two specific properties which make it ideal for automated trading; Its volatility and the fact that it’s a 24-hour trading window. One possibly cant be available for trading all the time and once the algo is doing the job for you, you can let your strategy do its magic. We are excited to tie up with BitBns as our first crypto partner to bring the power of Tradetron to all BitBns users. As the ecosystem deepens, stable, dependable, profitable strategies will emerge which one can trade to take bets with an edge on your side.  “.

The feature is live on Tradetron and Bitbns platform and is accessible to existing and new users. 

About Bitbns

Bitbns is India's most versatile exchange. With over 4 million users, it is today a one-stop shop for a diverse suite of crypto-based products and services. With varied products such as Bitdroplet, SIP in bitcoin, FIP which is fixed deposit for crypto, the exchange caters to a wide variety of audiences inclusive of traders and long-term mature investors among others. The exchange also offers advanced trading capabilities like margin trading which can be leveraged by sophisticated traders and automated trading options through API for users. Bitbns has Bitbns Quick Swap which offers over 400 cryptocurrencies which can be traded - the highest in India. Founded in 2017, Bitbns is the fastest and easiest way to buy & sell Bitcoin (BTC) at the lowest trading fee.

https://bitbns.com/

'Women & Diversity Brings More Rounded And More Innovative Outcomes In Any Organization'

As it is International Women in Engineering Day on June 23, Lesley Dean, Director- Enablement & Learning at Fluent Commerce, remarks, saying that, "There is still much societal bias in deeply ingrained gender stereotypes. Women who do find interest in engineering, and perhaps even study it, find themselves in a very male dominated, competitive environment, and often don't stick to it. Even for the few women that build a career in the industry, the management level is often dominated by men, which continues to deter women. If there were a few more female engineering managers around, this could encourage more young women to pursue this career, believing they too can climb the ranks and have influence and recognition in this field. 

Don't get me wrong, we are moving forward, but too slowly to see a significant impact in the numbers. I've been in this industry for more than 20 years, and in many ways I feel as though there are even fewer women in engineering. Women tend to take specific roles or areas of study, where the numbers are more balanced, or even predominantly women. 

My advice for girls and women looking to start a career in engineering: Please do it - we need you! Don't shy away from one of the most fun and rewarding careers on the planet. Learning and being able to build things, solve problems, and innovate with new ideas is addictive! Every day you have the opportunity to add value, solve a problem, be creative, and see the outcome of your work. 

Organisations can do something with and through schools, helping to change some of the systemic problems. Actively seeking to hire more women engineers, contribute scholarships, and encourage their women engineers and leaders to share their stories, and talk more about the great things they are doing in their company, will also help to address this balance. 

After all, diversity brings more rounded and more innovative outcomes. Women often have unique perspectives from men, and this can only result in better outcomes when both can come together to design and build solutions to problems,” she concludes. 

Spiritual Lifestyle App ‘Paavan’ Raises $500K In Seed Funding From Waterbridge Ventures, Others

BharatFirst Technologies, the parent company of spiritual lifestyle app Paavan, today announced that it has raised US$ 500K (approximately ?4 Crore) in a seed round of funding, led by Waterbridge Ventures. Several prominent angel investors also participated in the round, including IndiaQuotient General Partner Anand Lunia, Fitso co-founder Saurabh Aggarwal, Giva co-founder Ishendra Agarwal, Animall co-founder Kirti Jangra, Credgencies co-founder Rishabh Goel, and Gocomet co-founder Chitransh Sahai.

BharatFirst said that it will use the funds raised to further enhance the product, create exclusive content IPs and hire talent across functions and verticals. The startup was founded in 2021 by IIT Delhi alumni Sankalp Jain, Nitin Agrawal and Mohit Mittal. 

Launched eight months ago, Paavan is a video-first content app that aims to act as a lifestyle guide for people in their quest to live a balanced and fulfilling life. The app’s content is based on frameworks rooted in India’s traditional knowledge systems and is derived from India’s rich ancient knowledge, sciences and spiritual practices.

Sankalp Jain, co-founder of Paavan said, “Today, we are thrilled to announce the backing of such marquee investors for the next stage of our growth, as we reaffirm our mission to make Bharat’s knowledge accessible to a whole generation of Indians and help them live better lives by reconnecting with their roots. Leveraging technology and immersive experiences, we plan to deliver seemingly complex knowledge in a simplified way for the masses.”

Paavan has already registered over 300,000 downloads on Google Play and counts more than 100,000 monthly active users. The app is designed to provide practical applications of these concepts for self-improvement or solving personal or professional conflicts, like improving concentration using Yog Sutra, or enhancing leadership skills using Arthashastra.

“Paavan was launched with a belief that the Bhartiya way of life offers a universally applicable framework to live a spiritually and emotionally fulfilling life, in close harmony with community and nature. We are glad to see that this belief resonates with so many people as evidenced in the growing user base of Paavan app,” Sankalp added. “The high engagement levels on the app demonstrate that people are interested in demystifying these knowledge systems.” 

While the western world has for long been proactively learning from the ancient Indian knowledge to lead a spiritual lifestyle, Indians are now demonstrating greater confidence in their cultural identity as they seek to connect with their roots. The Paavan app helps anchor their lifestyles into wisdom derived from ancient learnings.

“The unbundling of Youtube will continue to lead to emergence of verticalized players which are focussed, custom-built for their target audiences and can have much better engagement. Paavan is uniquely positioned to take advantage of a growing need to live a more aware and balanced life, along with a near-universal smartphone and high-speed mobile Internet penetration in the country. We are really impressed with their tech-first approach, and the founding team’s vision for the platform and the scale that can be achieved, and are therefore excited to come on board and get a ringside view of their next stage of growth.” said Ashish Jain, Partner at Waterbridge Ventures.

Going forward, Paavan aims to strengthen its content library for people of all age groups and cultural backgrounds. It is also working to produce videos in more Indian languages. The app currently offers Hindi-language content.

About Paavan:

Available on Google Play, Paavan is a spiritual lifestyle app with a mission to make the ancient Indian knowledge systems more accessible to the modern world, and help people embrace the Bhartiya way of life. The app features video and text-based content to guide its users with practical lessons drawn from India’s rich ancient wisdom, practices and science. 

For more information, visit https://paavan.app/  

PwC India To Acquire Consulting Firm - Venerate Solutions Private Ltd

* Strategic acquisition will add to PwC India’s talent pool while enhancing the firm’s Salesforce consulting practice and platform engineering capabilities

PwC India has agreed to acquire Venerate Solutions Private Limited (‘Venerate’), one of the fastest growing and highly innovative Salesforce consulting firms in India. Upon completion of the acquisition, Venerate, a Salesforce Summit (Platinum) partner, and its team of highly certified consultants and developers will integrate with PwC India’s Salesforce practice. This acquisition aligns with PwC’s commitment to invest in the area of digital transformation and also in strategic alliances.

Founded in 2016 in Bangalore, Venerate builds and deploys cutting-edge customised solutions on the Salesforce platform across multiple clouds including Financial Services Cloud, Salesforce Marketing Cloud, Vlocity Industry Cloud and various integration tools. These solutions help organisations reimagine the customer experience, seamlessly ramp up sales and support their growth journeys.

"As businesses race to embrace new ways of working digitally, Salesforce has become a key area of client demand. Venerate will augment our Salesforce consulting practice with significant end-to-end capabilities in the areas of platform engineering, and cloud and managed services, thereby bolstering our ambitions as  a community of problem solvers," said Sanjeev Krishan, Chairman, PwC in India.

Partho Bhattacharya, CEO, Venerate and Biswanath Bhattacharya, Founder and Director, Venerate are very enthused by the prospects of this development. They believe that Venerate’s strengths combined with PwC India's extensive reach will provide tremendous opportunities, both for clients and talent alike. In fact,  the people first culture of both Venerate and PwC are also closely aligned, while the niche skills that each brings to the market are complementary. This common ethos will make integrating together to serve clients and help them solve important business problems seamless.

“This acquisition marks the beginning of the inorganic growth aspirations of the Advisory business in India. To fast track this, more such opportunities  are being actively evaluated in the Cyber, ESG, Cloud & Analytics domain. This is also aligned with the New Equation strategy that we launched last year.,” said Arnab Basu, Leader- Advisory, PwC India.

“At PwC, we leverage technology to help solve complex business problems, continuously innovate and identify new opportunities for our clients and other stakeholders,” said Pawan Kumar S, Leader - Technology Consulting, PwC India. “The addition of Venerate will enable us to achieve these goals faster while significantly deepening and broadening our capabilities in this space." 

The transaction is expected to close in the coming few weeks, subject to customary closing conditions.

3i Infotech bags US $2.2 Mn Digital IMS Deal With One Of UAE’s Leading Digital Transformation Companies

3i Infotech Limited (BSE: 532628, NSE: 3IINFOLTD), a global Information Technology company, committed to accelerating business transformation, has signed an enterprise solution deal with one of UAE's leading digital transformation companies. Spread over three years tenor, the contract value is around US $2.2 Mn (INR 17.14 cr), pertaining to Digital Infrastructure Managed Services (IMS) and BI/ Analytics Managed Services. 

3i Infotech’s Digital IMS comprises of IT infrastructure and cloud which helps customers in optimizing their IT spends. The company’s investments in leading tools, along with the right talent and processes make them a one-stop-shop for all digital transformation needs of enterprises globally. With over 200 customers, 3000 infrastructure professionals, and an integrated HybridNXT Support framework for On-Prem & Hybrid Eco-System, the company transforms the IT Infrastructure of enterprises with a laser-sharp focus on uptime, MTTR, and adherence to regulatory compliances. 

Commenting on the deal, Thompson Gnanam, Managing Director & Global CEO, 3i Infotech said, “We are delighted to be chosen as a digital transformation partner of one of UAE’s most reputed enterprise solution companies. Middle East is a key growth region for us, and this deal further validates our commitment to this market. Through this association, I foresee common synergies that we could leverage on to deliver a unique value proposition to our customers. Digital transformation is our overarching focus area and will continue to be our key strategic theme in the Middle East region.” 

3i Infotech Digital IMS develops and implements transformational roadmaps for complex enterprises. They enable enterprises to build, operate and manage NextGen infrastructure for digital transformation, ensuring that it is robust, flexible, secure and scalable. With a consultative approach, 3i Infotech also advise clients on how best to deliver business outcomes using their industry and technical expertise. 

About 3i Infotech  

Headquartered in Mumbai, India, since inception in 1993, 3i Infotech has been committed to driving business value across multiple industry verticals. 3i Infotech, today, has emerged as a leading name in propelling the current wave of digital transformation initiatives, with deep domain expertise across BFSI, Healthcare, Manufacturing, Retail and Government sectors. The company has over 5000 employees in 32 offices, 15 countries and across 4 continents. With a wide range of IT services, 3i Infotech has successfully transformed business operations of 1,200+ customers across 50 countries. The company has a very strong foothold and client base in geographies like North America, India, Asia Pacific, Middle East and Kingdom of Saudi Arabia. 

Website: https://www.3i-infotech.com/