Startup news and updates: Daily roundup (January 25, 2024)

YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Thursday, January 25, 2024.

Startup news and updates: Daily roundup (January 25, 2024)

Thursday January 25, 2024,

5 min Read

Samsung partners with PhysicsWallah to launch TV-suited education app

Consumer electronics brand Samsung has partnered with edtech startup Physics Wallah (PW) to launch a made-for-television education app, Samsung Education Hub. 

This initiative aims to enhance the role of TV in a household as an educational aid by providing an option to attend online classes on a bigger screen through the exclusive partnership with PW, it said in a statement.

The Education Hub app will allow access to both live classes and on-demand educational content to students from the Grade 6 to 12 in the CBSE Board and those preparing for competitive examinations, such as IIT and NEET.

Existing student subscribers of PW, who have Samsung TVs, can access the educational content and Samsung TV users who wish to subscribe to the edtech platform, it added.

NeoGrowth lists foreign currency bonds at India International Exchange in GIFT City

MSME-focused digital lender NeoGrowth listed its foreign currency bonds for Rs 32 crore from US-based impact investing firm Developing World Markets at the India International Exchange in GIFT City.

NeoGrowth is now the first issuer to leverage the unified depository at GIFT City’s India International depository IFSC Ltd for issuance of the first ISIN for an FCB bond from GIFT IFSC, the company said.

The company will allocate the funds for advancing its onward lending initiatives to support its MSME portfolio customers, it said in a statement.

Krafton will invest, grow Indian market with focus on BGMI

South Korean gaming company Krafton has reaffirmed its commitment and growth prospects in the Indian market and aims to secure the top position for its Battlegrounds Mobile India (BGMI) game.

It also aims to expand its publishing and esports activities in India, CH Kim, CEO of Krafton, said in a statement.

Krafton aims to franchise the PUBG: BATTLEGROUNDS IP by constructing its platform ecosystem to establish a distinctive competitive edge. The company plans to execute a long-term brand strategy, involving the expansion of the product lineup based on the PUBG: BATTLEGROUNDS IP and an increase of development activities through internal and external studios, as well as outsourcing, it added.

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Microsoft Translator adds Chhattisgarhi, Manipuri languages

Microsoft India’s Translator has added two new languages—Chhattisgarhi and Manipuri—taking the total count of its database to 20, including Malayalam, Kashmiri, Sindhi, and Punjabi.

The addition of Chhattisgarhi and Manipuri is a testament to Microsoft’s commitment to supporting and empowering the linguistic diversity of India through its innovative language technologies and solutions, according to the company.

HostBooks appoints Girish Belekar as Head of Implementation

Accounting software firm HostBooks appointed Girish Belekar as the Head of Implementation. In the new role, Belekar will take charge of the company’s implementation and manage the service migration and delivery between technical teams.

“Leveraging my analytical mindset and implementation experience, I anticipate advancing HostBooks' leadership in automation software. Through collaborative efforts to improve sales and marketing strategies, I'm confident we'll be a catalyst for SME growth, achieving significant results,” Belekar said.

Broking firm Angel One logs 20M clients

Fintech company Angel One achieved the milestone of adding a total of 20 million clients.

Prabhakar Tiwari, Chief Growth Officer, Angel One Limited, said, “The 20 million clients’ milestone is a strong endorsement of our journey in providing tech-based financial solutions. Our success is rooted in the symbiosis of innovation and strategic marketing, allowing us to provide access to financial products for a larger population and penetrate untapped markets.  We remain steadfast in our commitment to reaching our north star—empowering one billion lives, with our cutting-edge wealth-creation solutions.”

Hexaware partners with the UK’s finova for loan origination and servicing

Global IT services firm Hexaware has tied up with finova, the UK-based cloud mortgage and savings software provider, to be the first independent implementation partner for the latter’s loan origination and servicing platforms.

The partnership aims to provide clients with a seamless service experience and software delivery with access to an experienced systems integration and testing partner. It will also enhance quality, predictability, and accelerate time-to-market for all clients who implement finova platform, according to the company.

Swiggy debuts food delivery service in Lakshadweep

On-demand convenience platform Swiggy launched its food delivery service in Lakshadweep’s Agatti city, making it the first online food delivery platform to enter the island.

The Prosus-backed firm has committed to fulfilling deliveries only on bicycles to enable ecological preservation along with timely and efficient delivery, it said in a statement.

First-time Swiggy users in Agatti will receive a special launch offer of 50% discount up to Rs 100 and free delivery on first orders.

CRED, GoKwik roll out exclusive offer for Shark Tank India 3 D2C participants

Fintech firm CRED and ecommerce enabler GoKwik have launched an exclusive offer for participants of Shark Tank India Season 3 building direct-to-consumer businesses.

The brands participating in the third season of Shark Tank India and integrated with KwikCheckout—GoKwik’s one-click checkout solution—can process up to Rs 25 lakh worth of GMV on CRED Pay with zero processing fees. Additionally, GoKwik will also waive processing charges on cash on delivery GMV of up to Rs 12.5 lakh for these brands. 

“Last season, several brands proved their metal on the Indian entrepreneurial stage as they appeared on Shark Tank and won the hearts of not just the sharks but also the nation. This year, too, we are excited to see many more brands shine on this stage and showcase the power of #MakeInIndia. We are here to celebrate, support and enable D2C brands on their high-speed growth trajectory,” Chirag Taneja, Co-founder and CEO of GoKwik, said.

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


Edited by Suman Singh