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<ul><li><keyword id="2181438" type="PERSON" weightage="20" keywordseo="Aye-Finance">Aye Finance</keyword>, a startup in the lending space, has raised ₹125 crores from the Dutch entrepreneurial development bank – FMO. </li><li>The startup has so far lent ₹2,500 crore to over 1,80,000 customers and has a loan book of ₹1,430 crore.</li><li>In March 2019, Aye Finance has also raised funding from Google’s parent company Alphabet Inc.’s Growth Equity Investment Fund – CapitalG.</li></ul>Aye Finance, an MSME lender raised ₹125 crores from the Dutch entrepreneurial development bank – FMO. The startup has so far lent ₹2,500 crore to over 1,80,000 customers with a loan book of ₹1,430 crore. With the latest round of funding, Aye Finance plans to offer financial services to <keyword id="74945" type="PERSON" weightage="20" keywordseo="Women-Entrepreneurs">women entrepreneurs</keyword> through a gender finance programme. “While we have women as co-applicants for over 95% of our loans, we believe we can do more in enabling the women micro enterprises of India to bring about a more transformative impact on the economy. We expanded our branch network this year to the states of Bihar, Jharkhand, Gujarat and Maharashtra which have a prevalence of women entrepreneurship,” said Sanjay Sharma, MD and Founder of Aye Finance. Founded in 2014, Aye Finance has also earlier raised funding from Google’s parent company Alphabet Inc.’s Growth Equity Investment Fund – CapitalG. It is also backed by SAIF Partners, Falcon Edge, Accion, LGT and MAJ Invest.

Aye Finance raises ₹125 crore from Dutch bank, aims to help women entrepreneurs

<ul><li><keyword id="2181438" type="PERSON" weightage="20" keywordseo="Aye-Finance">Aye Finance</keyword>, the lending startup for micro, small and medium enterprises, has roped in former <keyword id="1391131" type="COMPANY" weightage="20" keywordseo="Hero-FinCorp">Hero Fincorp</keyword> Chief Business Officer <keyword id="252940" type="PERSON" weightage="20" keywordseo="Samir-Mehta">Samir Mehta</keyword> as its deputy CEO. </li><li>Mehta will focus on scaling up Aye’s business and will implement strategies to enhance the MSME lenders’ performance and capability.</li><li>Recently, in June, Aye Finance had raised ₹210 crore from CapitalG – Google’s parent company Alphabet’s growth fund. </li></ul>Aye Finance, the lending startup for micro, small and medium enterprises, has roped in former Hero Fincorp Chief Business Officer Samir Mehta as its deputy CEO. Mehta comes with 22-year experience in BFSI, and at Aye Finance, he will focus on scaling up Aye’s business and will implement strategies to enhance the MSME lenders’ performance and capability. “Aye provides much-needed financial services to India’s micro-scale informal businesses and the entrepreneurs who run them – a critical, but often overlooked and underserved population,” Mehta said about joining the startup. “He adds further strength to our team, as we successfully negotiate the times of this economic disruption. Samir’s expertise in P&amp;L management of large businesses and in scaling up lending to the SME segment will be very valuable as we emerge from this period,” said Sanjay Sharma, Managing Director of Aye Finance. Recently, in June, Aye Finance had raised ₹210 crore from CapitalG – Google’s parent company Alphabet’s growth fund. The Series E round also saw participation from GT Lightstone, Falcon Edge Capital, A91 Partners, and MAJ Invest. Aye Finance, founded in 2014, has disbursed loans worth ₹3000 crores to over 200,000 businesses in six years. In November last year, the startup had raised ₹125 crores from the Dutch entrepreneurial development bank – FMO. The company also recently ranked 14 in India’s best places to work by Great Place to Work Institute. The six-year-old Aye Finance is getting aggressive on its focus sector – the <keyword id="6393272" type="UNKNOWN" weightage="20" keywordseo="MSMEs">MSMEs</keyword>, given the government push for the growth of India’s small businesses. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/masayoshi-son-best-bet-for-future-profit-is-paypay-in-japan-built-on-vijay-shekhar-sharma-paytm-model-in-india/articleshow/77518892.cms">Masayoshi Son’s best bet for future profit is PayPay in Japan⁠ — built on Vijay Shekhar Sharma’s Paytm model in India</a>

Google-backed Aye Finance brings on board former Hero Fincorp Chief Business Officer

New Delhi, Jan 16 () Aye Finance on Thursday said one of its early investors, Accion has sold its stake in the Indian fintech company to A91 Partners.
 However, the company did not provide any financial details.
 Accion Venture Lab had exited its investment in Aye Finance in 2018, and the latest announcement marks Accion's final exit through its Accion Global Investment (which invests in financial instutions and financial service providers), a statement said.
 Founded in 2014, Aye Finance addresses the credit challenges of the unbanked micro-enterprises in the country.
 Accion first participated in Aye's seed equity round in early 2015 along with SAIF Partners and provided additional capital in two subsequent equity rounds as well.
 In the early years Accion also partnered with Aye on various advisory projects across risk and analytical verticals, the statement said.
 "Accion has been a supportive partner in our transition from a startup to a mid-size organisation. We are grateful for their initial capital and advisory support in the last 5 years," Sanjay Sharma, founder and managing director of Aye Finance, said.
 He added that the latest deal was led by Kaushik Anand of A91, who was earlier on the company's board as nominee director of CapitalG.
 "This investment from A91 is a clear reaffirmation of the confidence of our investors in our team and our business model," Sharma added. SR SHW
SHW

Accion sells stake in Aye Finance to A91 Partners

New Delhi, Dec 26 () Aye Finance, the CapitalG-backed fintech lender, on Thursday said it has raised Rs 107 crore as debt funding from Swiss-based BlueOrchard.
 "BlueOrchard has been supporting Aye in its mission to enable the financial inclusion of micro enterprises since May 2017 and has taken a total exposure of Rs 290 crore in the MSME (micro, small and medium enterprises) lender," according to a statement.
 Aye will utilise the latest round of fund to extend affordable and customised credit solutions in the country, it added.
 Last month, Aye Finance had announced it raised Rs 125 crore from Dutch development bank FMO. In the current year, Aye has raised over Rs 1,140 crore in debt and equity from entities including CapitalG, Falcon Edge, HDFC, ICICI and DCB Bank, other than FMO and BlueOrchard.
 Since its inception in 2014, Aye Finance has provided Rs 2,700-crore credit to over 1.96 lakh grassroots businesses, the statement said.
 "This is the sixth round of funds we have received from BlueOrchard, and I believe this demonstrates their comfort with and commitment to our business," Aye Finance Managing Director and founder Sanjay Sharma said.
 Lending to micro enterprises has been a less-travelled path for banks and financial companies and, hence, it is satisfying to have established an innovative paradigm of lending approach, he added.
 Normunds Mizis, chief credit officer at BlueOrchard, said India is an important market for the company, and it has been actively investing here for almost 20 years.
 "We have been working with Aye Finance since 2017. This additional funding is testament to our conviction in the company's mission to bridge the gap between loans offered by MFIs (microfinance institutions) and those available from commercial banks, offering MSMEs across India access to attractive credit solutions," Mizis said. SR HRS

Aye Finance gets Rs 107 cr in debt funding from BlueOrchard

New Delhi, Nov 20 () Fintech startup Aye Finance on Wednesday said it has raised Rs 125 crore from Dutch entrepreneurial development bank FMO through issuance of non-convertible debentures.
 With this fundraising, Aye plans to expand its outreach in providing credit, specifically to women-owned microenterprises in India, the company said in a statement.
"While we have women as co-applicants for over 95 per cent of our loans, we believe we can do more in enabling the women micro enterprises of India bring about a more transformative impact on the economy," Aye Finance MD and founder Sanjay Sharma said.
Under the deal, FMO will work with Aye Finance to expand their services to women entrepreneurs in the country through a gender finance programme.
"We expanded our branch network this year to Bihar, Jharkhand, Gujarat and Maharashtra which have a prevalence of women entrepreneurship and with these funds from FMO we will be supporting the growth of women-led enterprises in these states as well as in other 14 states where we have our presence," Sharma said.
 The transaction was syndicated and executed by Chennai-based Northern Arc Capital which invested in Aye Finance in January this year.
 "The debentures issued by Aye are particularly interesting as the on-lending will be to micro entrepreneurs, of which half will be dedicated to women entrepreneurs in the financial inclusion area of underbanked end clients," Linda Broekhuizen, Chief Investment Officer, FMO said.
 CapitalG, growth equity investment fund of Google's parent company Alphabet Inc, has also invested Rs 115 crore in Aye Finance in 2018-19.
With the recent fundraising, Aye Finance's total funding has crossed Rs 2,200 crore comprising debt fund of over Rs 1,700 crore and equity investment of Rs 500 crore.
Aye Finance said it has "disbursed over Rs 2,500 crore to over 1,80,000 customers and has a loan book of Rs 1,430 crore" till date. PRS ANU

Aye Finance raises Rs 125 crore from Dutch bank FMO

The Bombay High Court on Wednesday ordered fresh testing of <keyword id="92247" type="General" weightage="100" keywordseo="johnson-johnson" source="Orion">Johnson &amp; Johnson</keyword> <keyword id="1599878" type="General" weightage="20" keywordseo="baby-powder" source="Orion">baby powder</keyword> samples and permitted the company to manufacture the product but to not <keyword id="6368389" type="General" weightage="20" keywordseo="sell" source="Orion">sell</keyword> it, as per the Maharashtra government order. The company had filed a petition challenging two orders of the state government- one dated September 15 cancelling the license and the second dated September 20 ordering to immediately stop manufacturing and sale of the company's baby powder product. The orders were passed by the joint commissioner and licensing authority of the state <keyword id="54048" type="General" weightage="50" keywordseo="food-and-drug-administration" source="Orion">Food and Drug Administration</keyword> (<keyword id="6354656" type="General" weightage="80" keywordseo="fda" source="Orion">FDA</keyword>). The government based its orders on the report of the Central Drug Laboratory in Kolkata, which found the powder contained a higher pH level than prescribed. A division bench of Justices S V Gangapurwala and S G Dige on Wednesday directed the FDA to collect fresh samples from the company's factory in the Mulund area of Mumbai within three days. The sample would then be sent to three laboratories - two government labs and a private one - for testing. "The samples shall be sent to the <keyword id="580086" type="General" weightage="50" keywordseo="central-drug-testing-laboratory" source="Orion">Central Drug Testing Laboratory</keyword>, west zone, FDA lab and the Intertech Laboratory for testing," the court said. "The labs shall submit a report within one week thereafter," it added. Senior counsel Ravi Kadam, appearing for the company, sought that the court till then permits the company to at least start manufacturing the product. "The petitioner is restrained from selling or distributing the baby powder product by the government. The company shall abide by this order. If the company chooses to manufacture the product then it would be at their own risk," the bench said. The HC posted the matter for further hearing on November 30. The company had in its plea said 14 random batches of February, March and September 2022 were tested by an independent public testing laboratory and all were found to be well within the prescribed pH value. The leading Fast Moving Consumer Goods (FMCG) manufacturer said it has been making the baby powder at its Mulund plant for the last 57 years and its license was renewed in January 2020. The company also said due to the license revocation, it suffered a daily loss of Rs 2.5 crore based on the market value of the goods sold. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/aye-finance-raises-rs-87-crore-from-swiss-impact-investor-blueorchard/articleshow/95558605.cms">Aye Finance raises Rs 87 crore from Swiss impact investor BlueOrchard</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/gold-gains-rs-320-silver-drops-rs-125/articleshow/95556031.cms">Gold gains Rs 320; silver drops Rs 125</a>

Bombay HC orders fresh testing of Johnson & Johnson baby powder; allows company to manufacture but not sell it

<ul><li>Tiger Global has invested in three B2B ecommerce platforms <keyword id="8032183" type="General" weightage="20" keywordseo="infra-market" source="Orion">Infra.Market</keyword>, <keyword id="3119222" type="General" weightage="20" keywordseo="moglix" source="Orion">Moglix</keyword> and <keyword id="3259676" type="General" weightage="20" keywordseo="Ofbusiness" source="Orion">OfBusiness</keyword> this year.</li><li>The three players compete with each other in this sub segment of B2B, but the intricacies of their businesses are quite different.</li><li>OfBusiness is a tech-enabled platform that enables small and medium enterprises (SMEs) with procurement of raw materials and credits.</li></ul>OfBusiness, which allows businesses to purchase bulk orders from sellers online, has doubled its valuation to $3 billion in a $207 million fresh funding round led by Tiger Global. The company was valued at $1.5 billion in July, when it raised $160 million from SoftBank, Falcon Edge and Matrix Partners. Softbank, along with Falcon Edge-managed Alpha Wave Incubation, also participated in the latest round with an infusion of $43 million. New York-based Tiger Global — which is also an investor in other business-to-business (B2B) marketplaces Infra.Market and Moglix — has infused $150 million in the New Delhi-based startup. It is likely to infuse another $15-20 million in the coming round. This is the third major funding round closed by OfBusiness this year. In April this year, the company <a href="https://www.businessinsider.in/business/startups/news/sme-financing-platform-ofbusiness-raises-110-million-from-falcon-edge-capital-valuation-hits-800-million/articleshow/81962626.cms">had raised $110 million</a> led by Falcon Edge Capital at a valuation of $800 million. Interestingly, this is also the third unicorn investment made by Tiger Global in the B2B ecommerce space. Infra.Market, Moglix and OfBusiness are competitors in this sub segment of B2B, but the intricacies of their businesses are quite different. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Focus area </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Valuation </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Infra.Market </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Construction material </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$2.5 billion </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">OfBusiness </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Manufacturing and infrastructure development material </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$3 billion </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Moglix </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Industrial and home products </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$1.33 billion </td></tr></tbody><tbody></tbody></table> The nearly $3 billion worth <keyword id="6357316" type="General" weightage="20" keywordseo="udaan" source="Orion">Udaan</keyword>, too, is a <a href="https://www.businessinsider.in/business/startups/news/udaan-fires-half-its-contract-employees/articleshow/75357229.cms">prominent player </a>in the B2B ecommerce space. It helps small businesses to procure products — across categories like electronics, home and kitchen, staples, fruit and vegetables, and more — at lower prices. <keyword id="7466761" type="General" weightage="20" keywordseo="zetwerk" source="Orion">Zetwerk</keyword> — valued at $1.33 billion — entered the unicorn club this year, when it raised $150 million in a round led by D1 Capital. It focuses on online sale of manufacturing material. What is OfBusiness up to? Founded by Asish Mohapatra, Bhuvan Gupta, Vasant Sridhar, Ruchi Kalra and Nitin Jain in 2015, the New Delhi-based startup is a tech-enabled platform that enables small and medium enterprises (SMEs) with procurement of raw materials and credits. It has a separate entity, NBFC Oxyzo Financial Services, to offer financing solutions to SMEs. This entity has a loan book of $240 million, with 5,000 borrowers to the list. The company claims to be at an annual revenue run-rate of $1.4 billion. It further plans to increase this with expansion of its operations and acquisition of other businesses, Mohapatra <a href="https://economictimes.indiatimes.com/tech/funding/ofbusiness-valuation-doubles-to-3-billion-after-tiger-global-led-funding/articleshow/86645251.cms">told</a> The Economic Times. It claims to be underway to close several such acquisitions. The company competes with platforms like Moglix, Infra.Market, Zetwerks and others on the B2B ecommerce business fronts. In SME lending, it is competing with other platforms like BharatPe, LendingKart, Aye Finance and many others. OfBusiness, along with its B2B ecommerce rivals mentioned above, are among the 28 startups that entered the unicorn club this year, with a valuation of over $1 billion. SEE ALSO <a href="https://www.businessinsider.in/stock-market/news/paras-defence-maruti-suzuki-airtel-vodafone-idea-and-other-top-stocks-to-watch-out-for-on-october-1/slidelist/86670108.cms" data-type="tilCustomLink">Paras Defence, Maruti Suzuki, Airtel, Vodafone Idea and other top stocks to watch out for on October 1</a> <a href="https://www.businessinsider.in/stock-market/news/paras-defence-space-tech-ipo-continues-to-demand-a-premium-of-200-in-grey-market/articleshow/86663834.cms" data-type="tilCustomLink">Paras Defence &amp; Space Tech IPO continues to demand a premium of ₹200 in grey market</a> <a href="https://www.businessinsider.in/business/startups/news/ola-electric-raises-200-million-from-softbank-falcon-edge-at-valuation-of-3-billion/articleshow/86649236.cms">4-year old Ola Electric is now worth over a half of its older sibling Ola</a>

Tiger Global is now an investor in three of the five B2B ecommerce unicorns in India

<ul><li><keyword id="11207036" type="General" weightage="20" keywordseo="polkadot" source="Orion">Polkadot</keyword>’s price hit an all-time high of $51.47 today.</li><li>The rally in the Polkadot’s coin, DOT, comes amid the impending vote that will allow parachain auctions on the network.</li><li>If approved, DOT developers will be able to register their projects on the parachain and get funding for their projects from within the community.</li></ul> Polkadot’s coin, DOT, hit an all-time high of $51.47 today, according to <a href="https://coinmarketcap.com/currencies/polkadot-new/">CoinMarketCap</a>. Polkadot’s <keyword id="11907719" type="General" weightage="20" keywordseo="crypto-price" source="Orion">crypto price</keyword> has been going ‘to the moon’ in expectation of an upgrade that will allow a parachain auction. <div type="image" title="DOT_1M_graph_coinmarketcap." msid="87484659" hostid="261" caption="&amp;lt;p&amp;gt;DOT&amp;#39;s price over the past one month&amp;lt;/p&amp;gt;"></div> A parachain is an individual blockchain on the Polkadot ecosystem. Parachain auctions, in turn, allow DOT developers to register their projects on a parachain and get crowd loan funding for their projects — provided the governing Polkadot Council gives the idea its green light. Simply put, it’s how developers can score their own slot, to build their own use case, within the Polkadot network. <div type="twitter" handle="Polkadot" handlename="Polkadot" image="http://pbs.twimg.com/profile_images/1389823228533739522/-Tj2WF_6_normal.jpg" favoritecount="6433" retweetcount="1450" status="The motion to enable parachain registration and crowdloans has passed Polkadot's council and gone to a public refer… https://t.co/iSPSUlhiRt" createdat="1635772619000" id="1455161952783814656"></div> At the time of writing this article, the vote is a <a href="https://polkadot.polkassembly.io/referendum/42">unanimous</a> ‘aye’ with a little more than 19 hours left on the clock. If approved, Polkadot’s very first batch of parachains is set to go on for five weeks, with one auction every week. Overall, there will be 11 auctions released in two batches. <div type="image" title="polkadot vote" msid="87484770" hostid="261" caption="&amp;lt;p&amp;gt;Polkadot&amp;#39;s vote on the referendum to upgrade the network to v9122&amp;lt;/p&amp;gt;"></div> <cmsannotation type="cmsannotation" annotationid="What’s the big deal about parachain auctions?" comment="subhead" text="What’s the big deal about parachain auctions?">What’s the big deal about parachain auctions?</cmsannotation> Parachain auctions would open the flood gates to a host of new use cases — 11 in total. It will also up the competition to allow better and more efficient projects to come into the fold. <cmsannotation type="cmsannotation" annotationid="wazirx" comment="wazirx" text="wazirx">wazirx</cmsannotation> One of the unique characteristics about the Polkadot network is that it allows arbitrary data — not just tokens — to be transferred across blockchains. Polkadot doesn’t place any restrictions on how a parachain can be designed, except that it runs on the Polkadot blockchain. This means any project that gets listed can have its own design, governance process and be optimised for its specific use case. It can be a private network or a public one, for enterprises or communities, or simply a platform for others to build applications on top of it. Picasso, for instance, raised almost $45 million dollars as a parachain for Kusama — Polkadot’s canary network, akin to a sandbox environment where developers can experiment with their code. Its goal is to “deliver a comprehensive decentralised finance ecosystem to Polkadot.” Simply put, it’s a platform where other developers can churn out DeFi applications. The co-founder of Polkadot, Gavin Wood and Robert Habbermeir, announced that the network is ready to support its first parachain during the sub0 Online conference, on October 13. After which, the proposal to allow parachain auctions was submitted by the governance member Joe Petrowski to the Polkadot Council. At the time of writing this article, Polkadot’s coin is down to $48.16. According to <a href="https://www.fxstreet.com/cryptocurrencies/news/polkadot-price-to-provide-last-buy-opportunity-before-dot-hits-100-202111010300">FXStreet</a>, this is to be expected and may be followed by DOT making a bull run of 100% to $95, with the possibility of a run-up to the $100 psychological level. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/after-amitabh-bachchan-and-rajinikanth-sunny-leone-becomes-the-first-indian-actress-to-venture-into-nft/articleshow/87480829.cms">After Amitabh Bachchan and Rajinikanth, Sunny Leone becomes the first Indian actress to venture into NFT</a> <a href="https://www.businessinsider.in/cryptocurrency/news/squid-game-cryptocurrency-trading-at-to-0-scammers-make-2-1-million/articleshow/87479063.cms">Squid Game cryptocurrency trading at $0, scammers make $2.1 million</a> <a href="https://www.businessinsider.in/cryptocurrency/news/facebooks-metaverse-announcement-is-giving-blockchain-games-a-boost/articleshow/87465794.cms">Facebook’s Metaverse announcement is giving blockchain games a boost</a>

Polkadot hits a new all-time high of $51 ahead of its very first parachain auctions getting approved

<ul><li><keyword id="143" type="CITY" weightage="20" keywordseo="Bollywood">Bollywood</keyword> legend <keyword id="6357912" type="PERSON" weightage="20" keywordseo="amitabh-bachchan">Amitabh Bachchan</keyword> is the first celebrity voice integration for <keyword id="18635" type="CITY" weightage="20" keywordseo="Amazon">Amazon</keyword>’s Alexa in India.</li><li> In December 2019, Amazon had announced that Hollywood star Samuel L Jackson’s voice would be one of the firsts to be integrated with Alexa. </li><li><keyword id="2706733" type="PERSON" weightage="20" keywordseo="amazon-alexa">Amazon Alexa</keyword>’s engagement has been growing in India, with over thousands of requests received every minute between March to May 2020.</li></ul>Bollywood legend Amitabh Bachchan is the first celebrity voice integration for Amazon’s Alexa in India. The feature will be available only next year, and customers will have to purchase it to use Bachchan’s voice. “Technology has always given me an opportunity to adapt to new forms. Be it in movies, TV shows, podcasts and now, I am excited to create this voice experience in partnership with Amazon and Alexa. With voice technology, we are building something to engage more effectively with my audience and well-wisher,” said Bachchan in a statement. Amazon has long been experimenting with celebrity voices for its voice assistant Alexa. In December 2019, Amazon had announced that Hollywood star Samuel L Jackson’s voice would be one of the firsts to be integrated with Alexa. <keyword id="6354743" type="COMPANY" weightage="20" keywordseo="Amazon-India">Amazon India</keyword> head Amit Agarwal took to Twitter to share the announcement. <div type="twitter" handle="AmitAgarwal" handlename="Amit Agarwal" image="http://pbs.twimg.com/profile_images/1206910670689554432/Vb5nb4NU_normal.jpg" favoritecount="90" retweetcount="10" status="Alexa will have first ever celebrity voice experience in India. Hint: “Rishte mein toh hum tumhare baap lagte hai,… https://t.co/N6ubVEEhFM" createdat="1600060553000" id="1305374689959841798"></div> “Mr Bachchan’s voice is truly memorable for any Indian who has grown-up with Bollywood. This combination delivers a perfect pitch to further delight and simplify the lives of our customers. We are excited to see how our customers will respond when they use Alexa and hear his voice,” said Puneesh Kumar, Country Leader for Alexa, Amazon India. According to <a href="https://gadgets.ndtv.com/apps/features/amazon-alexa-coronavirus-lockdown-india-insights-most-popular-questions-2268050">reports</a>, Amazon Alexa’s engagement has been growing in India, with over thousands of requests received every minute between March to May, the period of strict lockdown due to the coronavirus pandemic. Amazon India has been ramping up the offerings from Alexa. Recently, Amazon announced that Echo users can also use Spotify through the device in addition to Amazon Music, Jio Saavn, Apple Music and others. Last year, it also announced that Indian users can now pay bills through the voice assistant feature through Amazon Pay. “We consistently obsess over customer needs and consider their feedback when developing new Alexa features,” Puneesh Kumar, Country Manager for Alexa Experiences and Devices, Amazon India had then said. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/aye-finance-founder-reveals-how-he-convinced-google-to-invest-in-his-six-year-old-micro-loans-startup/articleshow/78099564.cms">Aye Finance founder reveals how he convinced Google to invest in his six-year old micro loans startup</a>

Amitabh Bachchan to be the first Indian celebrity voice for Amazon’s Alexa

<div class="image-container full" style="width:800px"><div class="image">AP</div></div>Former <keyword id="1553461" type="ORGANIZATION" weightage="60" keywordseo="college-football">college football</keyword> star Eric Dickerson joined the chorus of college football observers sharing their two cents on <keyword id="1737302" type="UNKNOWN" weightage="60" keywordseo="Johnny-Manziel">Johnny Manziel</keyword>'s <a href="http://www.businessinsider.com/johnny-manziel-autograph-scandal-faq-2013-8">potential autograph scandal</a>.
Players' opinions have generally lined up with <a href="http://www.businessinsider.com/jay-bilas-destroys-ncaa-johnny-manziel-scandal-2013-8">the way they view the NCAA's stance on amateurism</a>.
There is <a href="http://www.businessinsider.com/johnny-manziel-autograph-scandal-ncaa-hypocrisy-2013-8">plenty of hypocrisy involved</a>, but Dickerson's take is particularly lacking in self-awareness.

Dickerson played for <keyword id="731560" type="ORGANIZATION" weightage="60" keywordseo="SMU">SMU</keyword> during the peak of it's recruiting corruption. The program was so corrupt that the <keyword id="125824" type="ORGANIZATION" weightage="60" keywordseo="NCAA">NCAA</keyword> shut it down for two-years, a punishment known as the "death penalty." 
In Dickerson's era players <a href="http://www.dallasnews.com/sports/college-sports/smu-mustangs/20120723-flashback-smu-gets-ncaa-death-penalty-worse-than-penn-state.ece">where given actual contracts by SMU boosters</a> to play as "amateurs" at the university.
Dickerson also made headlines when he drove a gold 1979 Pontiac Trans-Am to high school. The car was financed by his elderly grandmother but believed to be a gift for his commitment to, of all schools, <keyword id="743873" type="ORGANIZATION" weightage="60" keywordseo="Texas-AM">Texas A&amp;M</keyword>. Dickerson would later pull out from his verbal commitment to the Aggies and play for SMU, who helped him pay the rest of his car payments.
The car:
<blockquote class="twitter-tweet">
AYE RT <a href="https://twitter.com/EricDickerson">@EricDickerson</a>: Looks like <a href="https://twitter.com/JManziel2">@JManziel2</a> got some explaining to do!!! <a href="http://t.co/BZFcScbkcK">pic.twitter.com/BZFcScbkcK</a>
— Brian Floyd (@BrianMFloyd) <a href="https://twitter.com/BrianMFloyd/statuses/364140213238382592">August 4, 2013</a></blockquote>
Dickerson was one of the most heralded high school football players in Texas history. He of all people should know how difficult life in the spotlight can be. A guy who once had a recruiter bring <a href="http://articles.latimes.com/1987-05-09/sports/sp-4667_1_eric-dickerson">$50,000 to his house in a briefcase</a> should be standing up for a kid trying to traverse the traps Manziel currently faces.
It was pretty dumb if Manziel signed autographs for five-figures. It is outrageous that everyone but him can make money off his ability.
It is incredibly absurd for Dickerson, the pot, to call the kettle black.

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