Startup news and updates: daily roundup (July 26, 2024)
YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Friday, July 26, 2024.
Funding
Mayhem Studios secures undisclosed funding from Lumikai
Mayhem Studios, a developer of AAA mobile games, has secured undisclosed investment from Lumikai, a media and gaming focused venture fund.
The Bengaluru-based firm will use this fresh capital to scale its operations, accelerate game development, expand its team of talented developers, and enhance technological capabilities.
Mayhem Studios’ existing investors include Peak XV Partners, Steadview Capital, Truecaller, Hashed Emergent, Base Partners, and Moore Strategic.
The game developer is currently building its flagship title, Underworld Gang Wars (UGW), a AAA battle royale game with a distinctly Indian flavour. The game integrates Indian culture and aesthetics into the gameplay. has exited the closed beta for the game in May this year and is gearing up for open beta.
“Their vision for a truly Indian experience and building world class gaming IPs out of India aligns perfectly with our belief in the potential of India's video gaming industry to captivate global audiences. We're excited to fuel their journey and bring a truly promising project to life,” said Salone Sehgal, Founding General Partner, Lumikai.
Other news
KRAFTON India partners with Paralympic Committee of India for Paris Paralympics 2024
KRAFTON India has partnered with the Paralympic Committee of India for the upcoming Paris Paralympics 2024 scheduled to take place from August 28 to September 8, 2024.
In this partnership, India will sponsor training kits, bags and caps for the Indian team participating in the Paris Paralympics.
“The support from KRAFTON is a significant boost for our athletes as they gear up for the Paris Paralympics. We are grateful to KRAFTON for their commitment to Indian sports and for believing in the potential of our Paralympians,” said Devendra, President, Paralympic Committee of India.
KRAFTON India has previously supported Indian sports talent through collaborations with Olympic gold medalist Neeraj Chopra and a donation of Rs 25 lakhs to the Abhinav Bindra Foundation, supporting India’s ace shooter’s initiative to ensure access to sporting best practices to athletes.
Google Cloud, PwC India enhance strategic alliance to leverage GenAI
Google Cloud and PwC India are leveraging Generative AI (Gen AI) to develop a suite of enterprise solutions that will transform key business operations across tax, healthcare, and legal services sectors.
This partnership combines Google Cloud’s AI expertise, including the Vertex AI platform and Gemini models, with PwC India’s deep industry insights and consulting experience.
The alliance will focus on conversational AI, image generation AI and Search functionalities, which are expected to significantly change how Indian businesses operate and compete globally.
PwC India and Google Cloud will also explore Gen AI use cases across industries to identify areas where businesses can derive significant value from AI investments. Enterprises can leverage this collaboration to enhance their operations and drive value for their business by accelerating digital transformation.
CIEL HR Services appoints five Independent Directors to its Board
CIEL HR Services has announced the appointments of five Independent Directors to its Board as part of its pre-IPO plans.
The company has appointed NT Arun Kumar, Lilian Jessie Paul, Chandu Nair, Roopa Satish, and Ipsita Kathuria as Independent Directors on its Board.
They will oversee the growth plans of the company and offer strategic guidance in various areas including emerging areas of technology such as AI, machine learning, HR practices, environment, social and governance, marketing, finance and operations.
“As we are in the cusp of the most significant phase of strategic expansion plans and high growth trajectory, the appointment of these veterans with their impeccable track record and dynamic leadership is bound to have a transformational impact for the brand,” K. Pandiarajan, Executive Chairman, CIEL HR Group said.
Google partners with ElectricPe to enhance EV charging experience
Google has partnered with ElectricPe to enhance the electric vehicle (EV) charging experience in India.
This collaboration allows Google Maps users across India to view the availability and status of charging points in real-time, enabling better journey planning and reducing range anxiety.
This feature, which will be live on both Google Maps and Google Search, is a world-first for two-wheelers and will be expanded to other regions.
“EV customers are seeking a single trusted platform that will help them not only discover charging stations but also seamlessly transact with them. Having visibility of these stations on Google Maps will only speed-up adoption in an already fast-growing space,” Avinash Sharma Co-founder of , said.
eVidyaloka, Indian Army launch digital learning centre in J&K
Vidyaloka, an NGO committed to revolutionising rural education in India, has partnered with the Indian Army under Operation Sadbhavana to set up a Digital Classroom in the Govt. Middle School Nakarkote, a village near the Line of Control in Poonch, Jammu and Kashmir.
This initiative, launched on the eve of Kargil Vijay Diwas 2024, aims to bridge the digital divide and create equal learning opportunities for J&K children aged 10-15 years (5th to 10th grade) residing in these remote border areas.
The newly established digital classroom, equipped with LED monitors and WiFi, will provide quality education to students through eVidyaloka volunteers from across the world, who will teach online in regional languages. The curriculum will cover a range of subjects including Math, Science, and English.
(This article will be updated with the latest news throughout the day.)
