Confederation of Indian Industry (CII) sets up centre for startups in Telangana

#startups #cii #deeptech #manufacturing #startuptelangana #startuphyderabad #startupindia

Industry association Confederation of Indian Industry (CII) on Saturday said it has set up a centre in Telangana to help startups to connect with large business houses and corporates. CII Centre for Innovation, Entrepreneurship, and Startups will also focus on deep-tech startups in the manufacturing sector to help create unicorns.

CII Centre for Innovation, Entrepreneurship, and Startups is supported by the Telangana government by way of space at T-Hub technology startup incubator in the city, and Pratiksha, a charitable trust founded by Gopalakrishnan.

Telangana IT Minister K T Rama Rao, who launched the Centre, said, the facility will provide the right mix of entrepreneurial elements mentorship, access to capital and safety net for experimentation that will strengthen the startup ecosystem in not just Telangana, but across India.

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CII sets up centre for startups in Telangana

Industry association CII on Saturday said it has set up a centre in Telangana to help startups to connect with large business houses and corporates. CII Centre for Innovation, Entrepreneurship, and Startups will also focus on deep-tech startups in the manufacturing sector to help create unicorns.

Startup Success: Hyderabad based startup Arvi has built AI thermal kiosks for contactless COVID-19 screening

#covid19 #screener #scanners #ai #artificialintelligence #healthtech #startuphyderabad #startuptelangana #kiosks #thermalscreening

Hyderabad-based healthtech startup arvi has reinvented itself and developed #AI thermal kiosks for COVID-19 screening

Founded in July 2019 by Indian Institute of Technology, Bombay alumni Sushant Reddy and his friend Avinash Lavangal, the startup initially came up with a platform to help senior citizens with its smart medical alert system. It enabled senior citizens to access emergency and non-emergency medical assistance at their doorstep at the push of a button.

However, the COVID-19 pandemic has provided a new opportunity for the startup. It has developed an unmanned contactless thermal scanning kiosk using AI technology with deep learning to combine facial recognition and thermal screening. It can detect people with high temperatures as well as those violating requirements to wear masks.

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Pivot and Persist: this startup has built AI thermal kiosks for contactless COVID-19 screening

The coronavirus pandemic has posed challenges as well as opportunities for healthcare startups in India. According to IBEF, the healthcare sector in India is one of the largest and fastest growing sectors, and has seen rapid transformation on the backdrop of technological advancements in the recent past.

Startup Funding Alert: Unicorn India Ventures strikes second deal from Fund II, backs Hyderabad based fintech ChitMonks

#fundingalert #startupfunding #chitfund #startupindia #fintech #startuphyderabad #startuptelangana

Hyderabad-based Pangean Global Services Pvt Ltd Services, which owns and operates fintech platform ChitMonks, has raised $650,000 in its first institutional funding round from venture capital firm Unicorn India Ventures.

“Chit fund, as an asset class, is very close to millions of people across the country. At a time (especially after Covid-19), where digitisation is essential, we are building an inclusive ecosystem for chit fund companies to think beyond digitisation,” Pavan Adipuram, co-founder and CEO of ChitMonks, told TechCircle.

Pavan Adipuram set up ChitMonks in 2016 with Malla Reddy and Sridhar Reddy. The startup brings together chit fund companies, regulators, subscribers, banks, ecosystem enablers and service providers.

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Exclusive: Unicorn India Ventures strikes second deal from Fund II, backs fintech ChitMonks

Hyderabad-based Pangean Global Services, which owns and operates fintech platform ChitMonks, has raised $650,000 in its first institutional funding round from venture capital firm Unicorn India Ventures. The company plans to use the capital raised in this round, which it dubs a pre-Series A round, to foray into new Indian markets and for product development, and sales and marketing.

Funding Alert: o9 Solutions startup raises an amount of $100 million from KKR, valuing it over $1 billion

Integrated business planning software startup o9 Solutions, Inc. recently stated that it has raised an amount of $100 million (around Rs 761 crore) from global investment firm KKR. KKR has chose a minority stake in o9 Solutions, valuing it over $1 billion.

The #startup aims to hire India-based talent in emerging technologies like #artificialintelligence, #machinelearning and other key technologies in the digital transformation space as well as expand its customer base in Asia.

o9 was put to use by Sanjiv Sidhu and Chakri Gottemukkala, both Indian Americans from Hyderabad.

Furthermore o9 has upto 500 employees globally, of which more than 350 are based in India. Its clients in India include different divisions of Aditya Birla group, Tata Group, and leading paint firms.

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o9 Solutions startup raises an amount of $100 M from KKR

Integrated business planning software startup o9 Solutions recently stated that it has raised an amount of $100 million (around Rs 761 crore) from global investment firm KKR. KKR has chose a minority stake in o9 Solutions, valuing it over $1 billion. The startup aims to hire India-based talent in emerging tech like artificial intelligence, machine...