Bits’n’bytes: know about startups, economic news in Pune

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Electric vehicle charging startup goEgoNetwork is growing 60 crore funding

Electric vehicle charging infrastructure solutions startup goEgoNetwork has raised Series A equity funding from 60 crores. The company will use the funds to develop and install the “Fast DC Charging Station” product line. In the short term, the funding will enable a targeted reach of 8,500 charging stations across India with 15,000 paying members on the network. “The electric vehicle industry is growing exponentially and the funding gives us growth capital to continue with the grand plan of getting electric vehicle charging infrastructure in place for people who aren’t buying due to the range anxiety,” said Sayantan Chakraborti, CEO and co-founder. , goEgoNetwork. goEgoNetwork had previously raised 15 crore in a round of seed funding to expand its existing electric charging network and tap into the green consciousness that is gradually sweeping the country.

Web3 Discovery Fund for Indian startups

CoinSwitch, one of the largest investment apps, has announced the launch of Web3 Discovery Fund, the company’s enterprise venture capital initiative. The fund will invest in and incubate early-stage startups that create blockchain solutions for the rapidly changing Web3 landscape. The Web3 Discovery Fund will curate portfolio startups and provide one-stop access to renowned investor partners Tiger Global, Ribbit Capital, Coinbase Ventures, Sequoia Capital India, Woodstock Fund and Elevation Capital (former SAIF partners), and the partner of Builders Tribe incubation. Web3 Discovery Fund will be an active investor and provide strategic support to the rapid growth of startups in the portfolio. Founders and builders can submit to [email protected]

AIC-Pinnacle to receive 4.50 crore under India start-up seed fund program

An incubation and investment platform, Atal Incubation Center – Pinnacle Entrepreneurship Forum has been selected under the startup India seed fund scheme (SISFS) announced by the Department for the Promotion of Industry and Internal Trade (DPIIT) and will receive a grant of 4.5 crores. Dr. Sudhir Mehta, Founder of the AIC-Pinnacle Entrepreneurship Forum, said, “The SISFS grant will serve as a catalyst for us to achieve our goal of creating a vibrant, high-impact entrepreneurial ecosystem focused on innovation, growth and innovation. incubation and investment in key sectors. . With this assistance, we aim to incubate and provide financial assistance to 19 early-stage startups over the next three years. We’ll help early-stage startups with prototype development, product testing, outreach, legal compliance, IP support, market entry, go-to-market, scale, and more.

FreshToHome helps launch fast express delivery in Pune

FreshToHome enabled the launch of fast express delivery in Mumbai and Pune. FreshToHome enabled 29 minute delivery to some of the best locations like Viman Nagar, Kharadi, Kondhwa, Wakad in Pune. Over 2,500 SKUs are sold on the platform and customers in these locations will now have access to these products in less than half an hour. Shan Kadavil, Co-Founder of FreshToHome, said, “Strategies that boost the customer experience are fundamental to us and the launch of ‘fast express delivery’ adds value to our goal of serving our customers faster. The 29-minute delivery is a catalyst to further reduce the shore-to-customer cycle from the current 24-36 hours. Fast express delivery orders do not come with a minimum order value, allowing customers to place orders based on their needs. »

Cummins India will market RECD for genset users

Cummins India Limited has launched Retrofit Emission Control Device (RECD) in collaboration with PI Green Innovations at Cummins India Campus in Pune. Under this contract, Cummins will market RECD through its extensive distribution network in India.

RECD is built on filterless technology and based on the fundamental principles of electrostatic precipitation. It is highly effective at improving air quality and capturing particulate matter (PM) from the air with over 70% efficiency. Shveta Arya, Vice President, DBU and NRPO, Cummins India, said, “We have collaborated with PI Green Innovations to bring RECD to market and distribution by Cummins in India. RECD provides a viable solution for our customers to meet PM compliance requirements. Given the ever-increasing carbon footprint, we will continue our efforts to reduce emissions across our product line, which is well aligned with our destination zero strategy goal to achieve net zero emissions by 2050.”

Yellow.ai launches DynamicNLP technology in the enterprise conversational AI space

Enterprise-grade conversational AI platform Yellow.ai has announced the launch of its proprietary DynamicNLP, a first in the enterprise conversational AI space to enable businesses to get up and running in minutes with lower operational costs and over 97% accuracy of intent.

Yellow.ai DynamicNLP eliminates the tedious process of manually training and labeling natural language processing (NLP) models. DynamicNLP comes with a pre-trained model built using billions of anonymized conversations, which helps reduce unidentified utterances by up to 60%, making AI agents more humane and scalable across sectors with broader use cases.

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