Startup news and update: daily roundup (April 28, 2023)

YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Friday, April 28, 2023.

Startup news and update: daily roundup (April 28, 2023)

Friday April 28, 2023,

3 min Read

Google Cloud joins hands with Polygon Labs

Google Cloud and Polygon Labs have signed a multi-year strategic alliance to accelerate the adoption of core Polygon protocols, including Polygon PoS, Polygon Supernets, and Polygon zkEVM, with Google Cloud infrastructure and developer tools.

With this association, the two entities will work on engineering and go-to-market initiatives to make it easier for developers to build, launch, and grow Web3 products and decentralised applications (dApps) on Polygon protocols.

To help developers overcome the time-intensive processes and costly overheads associated with provisioning, maintaining, and operating dedicated blockchain nodes, Google Cloud will bring Blockchain Node Engine, its fully managed node hosting service, to the Polygon ecosystem.

Amazon Fashion launches ‘Next Gen Store’

Amazon Fashion has launched ‘Next Gen Store’, designed to cater to the unique fashion needs of Gen-Z shoppers.

Amazon Fashion has more than 200 domestic and global fashion brands. The store offers a mix of fast fashion, sustainable fashion, and affordable styles.

This Next Gen Store offers products from vibrant prints to trendy pieces like baguette bags. In addition, it offers accessories, smartwatches, sneakers, sports shoes, and high boots to complement the clothing collection. 

HR tech company Xobin unveils ‘AI Evaluation'

 Xobin has unveiled "AI Evaluation," a generative AI based solution. This new AI-based solution can automatically rate the correctness of any text based or video answer, saving organizations valuable time and resources that would otherwise be spent on manual evaluation and grading.

This technology has been designed to improve the talent shortlisting process, which is a critical step in the recruitment process.

Yulu launches Wynn

Yulu opened the bookings of its first personal electric two-wheeler Yulu Wynn.

Wynn is offered through its mobility subscription packs that reduce the upfront cost of ownership by 40%, as per the company.

It is equipped with a swappable battery that can be swapped in under 1 minute at any battery swapping station on the Yuma Energy network— a joint venture of Yulu and Magna.

The battery can also be charged at home using a portable charger that can be bought as an accessory.

Wynn is currently available in 2 colours - Scarlet Red & Moonlight White and launched at a introductory price of Rs 55,555, bookings for Yulu Wynn can be made online at just Rs 999 (fully refundable). Deliveries will commence from mid-May.

After the introductory period, Wynn will be available at a price of Rs 59,999.

CredR expands to Southeast Asia and Africa with $1M in initial Investment

CredR, an online marketplace for used two-wheelers, is expanding its operations to Southeast Asia and Africa as a part of its long-term growth strategy with a $1 million initial investment.

The company plans to use its technology stack consisting of three applications: CredR Connect, CredR Refresh, and to offer a unique value proposition to its customers in these regions.

To support its growth, it will be partnering with local dealers and distributors.

Recently, it developed a buyback program that guarantees a price for customers who buy new EVs now but may want to sell them later. CredR has over 350 touchpoints and relationships with various original equipment manufacturers (OEMs).

(The copy will be updated throughout the day with the latest news.)

Edited by Affirunisa Kankudti