With this acquisition, Palash will be rebranded as the Pankhuri Community and will relaunch the technology and the app for the combined user base and trainers
The report stated that India has the third-highest number of fintech companies globally, with fintech funding doubling since 2018 and capturing a 14% share of startup funding in 2022
The funds will be utilized for marketing initiatives, expanding the team, and exploring new ventures within the pharma supply chain and healthcare service provider sectors
According to an official statement by the company, this investment will help MyWays.ai expand its user base and extend offerings to become a comprehensive software solution supported by dedicated services
The platform will utilise this additional capital to expand further into new locations, strengthen its technology stack and help MSMEs access formal finance
India Index platform is used to search and evaluate supply chain partners, highlight their company values and optimize trade relationships to be more profitable
SoftBank, led by Masayoshi Son, began making startup investments again in the June quarter after coming to a virtual halt as investors soured on money-losing startups
While presenting the company's operational scenario, Ambani promised the shareholders that the value Reliance will create for all of its shareholders over the next decade will be multiple times greater than what it has generated over the last 45 years
The report also stated that 74% of Indian IT organizations have trouble keeping up with demands from the business, as 91% project increased demand over the next 18 months
The partnerships are expected to help boost the government's National Green Hydrogen Mission, which is providing policy support towards achieving global leadership in green hydrogen transition
The two companies will co-develop and launch a series of esports intellectual properties (IP) and data-driven products and services for gamers in India