Today's Tech Check- "Hocco Ice Cream's Funding Surge, Exclusive Bharat Podcast with Chalo's Co-Founder, Unveiling iOS 18, Tamil Nadu's Online Gaming Crackdown, and Paytm's Job Cuts Plan"
10th June, 2024
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1. “Ahmedabad's Hocco Ice Cream Soars: Secures Rs 100Cr Funding Boost, Hits Rs 600Cr Valuation”
Hocco, Ahmedabad-based ice cream brand, raises Rs 100Cr at Rs 600Cr valuation.
Funding led by Chona family, Sauce VC, and Bollywood personalities Ritesh Sidhwani and Farhan Akhtar.
Funds to expand manufacturing capacity and target Rs 200Cr revenue by March 2025.
Quick commerce considered a major growth channel, doubling sales monthly.
Plans to enter Rajasthan, Maharashtra, and Delhi-NCR; hopes to double sales in FY26.
CEO Ankit Chona highlights quick commerce's potential and challenges in the ice cream industry.
#manufacturing #commerce #Funding Fusion #valuation #manufacturing
2. “Crafting Bharat Podcast Premiere: Exclusive Chat with Vinayak Bhavnani, Chalo's Co-Founder”
"Crafting Bharat" podcast series debuts with Vinayak Bhavnani, CTO of Chalo.
Bhavnani shares his entrepreneurial journey, building bus transport technology, and mobility industry trends.
India's startup ecosystem is booming, with Chalo digitizing the public transport system.
Chalo's live tracking and tap-to-pay features have revolutionized the bus travel experience.
Limited focus on public transport and underserved commutes contribute to transportation gaps in India.
Partnerships with platforms like AWS have provided cost savings and operational efficiencies for Chalo.
Technical founders need to balance developer and business perspectives for success.
Traffic congestion in major cities like Mumbai and Bengaluru is a rising concern.
The podcast aims to inspire aspiring entrepreneurs with candid discussions on innovation and challenges.
#Chalo #entrepreneur #podcast #Crafting Bharat
3. “Unlock the Power of iOS 18: Discover Everything About Apple Intelligence”
Apple to launch "Apple Intelligence" suite for iOS 18, integrating AI across apps.
Announced at WWDC 2024, led by Greg Joswiak.
Key features include AI-generated summaries, enhanced email organization, smart notifications, advanced photo editing, and upgraded Siri and Xcode.
Privacy is a priority, with on-device and cloud computing utilized to protect user data.
CEO Tim Cook emphasizes the potential of AI in Apple's future.
#AI#Apple
4. “Tamil Nadu Takes Action Against Online Gaming Addiction with New Spending and Time Limits”
Tamil Nadu government plans to regulate online gaming through time and spending limits.
The Tamil Nadu Online Gaming Authority (TNOGA) will consult with industry stakeholders on guidelines for user behavior.
The move addresses concerns about addiction and gambling among users.
TNOGA has prioritized regulating domestic gaming companies for broader regulation.
#News#gambling#gaming#Internet
5. “Paytm Considers Further Job Cuts in Bid for Enhanced Cost Efficiency”
Paytm's parent company One97 Communications plans job cuts as part of a restructuring aimed at cost efficiency.
The number of employees impacted remains undisclosed.
Outplacement support will be provided to affected employees.
Paytm aims to save INR 400-500 Cr in annualized people costs.
Previous performance reviews reportedly led to a 20% staff reduction in certain departments.
Paytm's workforce averaged 36,521 sales employees as of March 2024.
The company has faced leadership exits and financial challenges in recent months.
#company#employee#News#workforce#leadership
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