Startup news and updates: daily roundup (October 21, 2022)

By Trisha Medhi
October 21, 2022, Updated on : Fri Oct 21 2022 13:38:53 GMT+0000
Startup news and updates: daily roundup (October 21, 2022)
YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Friday, October 21, 2022.
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Glamyo Health announces increasing its manpower by 35 % in the ongoing fiscal

Glamyo Health, a healthcare brand specialising in elective and cosmetic surgeries, has announced aggressive hiring plans for the ongoing fiscal. The brand has announced to increase its manpower by a 35% by the end of the current fiscal year. Presently, the company boasts a total strength of 350 and with the fresh scheduled drive, the healthcare brand will take the number up to 450.


The brand is looking forward to onboarding aspirants across multiple departments as part of its vision to reshape the healthcare scenario in India by delivering the best medical care. The recruitment drive will include maximising the strength of the sales and marketing departments. The majority of the hiring will be for the NCR location, where the brand is headquartered, the company confirmed.

IIT Mandi iHub, HCL Foundation organise Winter School on Cognitive Modeling

Indian Institute of Technology Mandi iHub and HCL Foundation recently organised the fourth edition of Winter School on Cognitive Modeling at the IIT Mandi campus in hybrid mode.


In the three-day long event, speakers from IIT Mandi, IIT Delhi, IIT Roorkee, and international speakers from the University of Groningen, Stanford University, University of Waterloo, and Carnegie Mellon University trained and guided students on the best practices in the field of cognitive modelling. This was sponsored by Hospimedica Group of Companies, Delhi.

Cognitive models are essentially theories of how people make decisions, implemented through computer simulations. Cognitive modelling studies human cognition by creating models of cognitive behaviour. It also allows an individual to understand the effects of existing designs on human cognition and how improvements to existing designs could in turn enhance human cognition.
KFC

KFC India  announces the launch of KFC Smart Restaurants 

In an effort to extend an enhanced, digital-first customer experience, KFC India announced the launch of KFC Smart Restaurants across India. The all-digital restaurants are located in Hyderabad, Gurugram, Chennai, and Bengaluru, and are powered with state-of-the-art self-ordering kiosks.


To continue building future restaurants, the brand plans to launch 10 more such restaurants by the end of the year.

IIFL Finance, ZestMoney partner to power digital EMIs; aim to build $1B loan book

IIFL Finance, a non-banking financial company, and ZestMoney, a digital EMI/checkout financing platform, announced that they have entered into a partnership to offer credit to. Through this partnership, IIFL Finance will get access to a new customer base on the ZestMoney platform.

 

IIFL Finance has a loan asset under management (AUM) of $6.5 billion, and ZestMoney has disbursed $ 1 billion through their platform, so far. Both partners believe that the business through this alliance can be scaled up to build a $1 billion worth of loan book over the next two to three years.

Silverneedle Ventures launched Rs 100 Cr fund, invests in Knorish

An early-stage technology-focused fund, Silverneedle Ventures announced the launch of its Rs 100 crore fund. Its first investment is in the creator monetisation platform, Knorish. An undisclosed amount has been invested in Knorish in a Pre-Series A extension round.


The round is backed by marquee investors such as Andrew Holland, Bharat Serum Family Office, IPV, Mumbai Angels, and Jet Synthesys. Knorish is building a platform for creator monetisation through a sales funnel for online courses, webinars, and memberships.

CitiusTech onboards Bain Capital Private Equity as investor

CitiusTech, a provider of technology and consulting services to healthcare and life sciences companies, onboarded Bain Capital Private Equity as an investor. It would join the existing shareholder Baring Private Capital Private Equity EQT which acquired a majority stake in CitiusTech in 2019. the financial terms of the private transaction were not disclosed.


“Both firms have significant track records scaling healthcare and technology businesses, and we couldn’t have picked two better partners to further support our growth ambitions,” said Bhaskar Sambasivan, Chief Executive Officer of CitiusTech.


(This article will be updated with the latest news throughout the day.)


Edited by Kanishk Singh

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