Amazon’s Indian digital payments arm Amazon Pay (India) incurred a loss of Rs 334.2 crore in the financial year 2018, an increase of 88 percent compared to Rs 178 crore it incurred in the previous financial year 2017, documents filed with Registrar of Companies (RoC) revealed. The increase in loss incurred by the fintech company is despite a whopping increase in its operational revenue to Rs 389 crore in FY18, from a meagre revenue of Rs 4.1 crore in FY17.
“A partnership between startups and WhatsApp is a natural step. We all end up starting our day with it,” said Suresh Prabhu, Minister of Commerce and Industry, addressing an audience of media and select SMBs, at Delhi’s India Habitat Centre. At this event, WhatsApp and Invest India announced a partnership to help the growth of startups and SMBs in India. This is to be one of the largest corporate partnerships Invest India has made so far.
An average of around 50,000 queries per day at an accuracy rate of 89 percent; a peak of over 1.5 lakh queries in a day and an average query response time of 0.5 seconds – these are the vital statistics of Askt Disha, and she is only in the first month of her pilot phase. It’s been a little over half a month that CoRover’s chatbot – Ask Disha – went live on the Indian Railway website IRCTC. Speaking to YourStory, Ankush Sabharwal, the co-founder of CoRover, said the chatbot had received a positive response so far and that he and his team were deploying code twice a day to update its features.
The Ask Disha team
Apple has held two grand launch events in two months, and this time, the non-iPhone devices have received an upgrade. On Tuesday, at the Brooklyn Academy of Music in New York, Apple rolled out two new iPad Pros, a refreshed MacBook Air, and a Mac Mini. All new devices borrow features from last year’s iPhone X, and are increasingly blurring the lines between phones, tablets and computers.
Bengaluru-based digital lending startup Capital Float has reported a total standalone revenue of Rs 135.10 crore in FY18. This is almost a triple fold growth from its total revenue of Rs 53.84 crore reported in FY17. While revenue grew, the loss almost doubled for the company in FY18 and stood at Rs 92.1 crore for fiscal 2018. In FY17, the company reported a loss of Rs 63.47 crore.
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