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Global travel service provider <keyword id="54613" type="General" weightage="20" keywordseo="MakeMyTrip" source="Orion">MakeMyTrip</keyword> is experimenting with artificial intelligence (AI) chatbot ChatGPT to see if its integration can make customer experiences and their vacation planning better on the platform, the company has said. Sanjay Mohan, Group CTO at MakeMyTrip (MMT), told IANS that the ChatGPT integration is at a very early stage and the company will decide to use it only if satisfied with results. "Our teams are currently testing ChatGPT for helping customers solve their travel queries and suggest add-on services as they plan holidays. We are working on to see if the new tool can aid our existing AI-powered chatbots," Mohan said. With the use of its in-house AI-powered chatbots, customers on MMT already get suggestions and alerts of rail/flight bookings, baggage details, and car/bus/hotel bookings. According to Mohan, ChatGPT can revolutionise the hospitality sector that has finally come out from the shadow of the three-year long pandemic. "Our goal is to make MMT platform more seamless, while keeping it simple and user-friendly with smooth navigation. ChatGPT can surely help," he added. "We want to make MakeMyTrip a one-stop-shop for all the services that a traveller may need," Mohan told IANS. The online travel aggregator recently reported a growth of 64.4 per cent on gross bookings (year-on-year) that reached $1.75 billion -- its highest-ever -- for the company's fiscal third quarter that ended on December 31. The company earned adjusted operating profit of $19.7 million in Q3 FY23, as compared to $13.2 million in Q3 FY22, over the revenue of $170.5 million (versus $115 million in 3Q22). Profit for the period was $0.2 million as compared to a loss of $9 million during the same quarter last year. Demand for leisure travel and tourism improved on the back of peak seasonality, according to the company. SEE ALSO: <a href="https://www.businessinsider.in/personal-finance/news/how-to-compare-your-tax-liability-in-old-and-new-tax-regimes/articleshow/98116217.cms">How to compare your tax liability in old and new tax regimes</a> <a href="https://www.businessinsider.in/tech/mobile/news/oneplus-11r-pre-orders-to-begin-today-free-buds-z2-card-discounts-specs-and-more/articleshow/98112032.cms">OnePlus 11R pre-orders to begin today – free Buds Z2, card discounts, specs and more</a> <a href="https://www.businessinsider.in/finance/news/how-to-use-credit-card-to-make-upi-payments/articleshow/98090488.cms">How to use credit card to make UPI payments</a>

MakeMyTrip experimenting with ChatGPT to boost customer experiences

<ul><li>In an interview with Business Insider, <keyword id="6467279" type="UNKNOWN" weightage="20" keywordseo="Deep-Kalra">Deep Kalra</keyword>, Founder Chairman, <keyword id="54613" type="COMPANY" weightage="20" keywordseo="makemytrip">MakeMyTrip</keyword> talks about how the platform is growing.</li><li>MMT is evolving using Artificial Intelligence and vernacular to target the next 200 million internet users in India. </li><li>It wants to be an end-to-end platform.</li></ul>If you are planning a trip, it’s almost never done without at least researching on the travel booking platform MakeMyTrip. Over the past 19 years, MakeMyTrip has become synonymous with online travel bookings. As the <keyword id="337738" type="TECHNOLOGY" weightage="20" keywordseo="travel-technology">travel technology</keyword> sector continues to grow, MMT too is evolving using Artificial Intelligence and vernacular to target the next 200 million Internet users in India. Selling experiences now MMT is no more about tickets and hotel bookings alone. It wants to be an end-to-end platform, Deep Kalra, Founder Chairman, MMT, told Business Insider at a TiE Delhi NCR event. They are also selling experiences. Kalra explains that if they know you are in Goa, they can offer you experiences like yacht cruise, ziplining etc., as per your preferences. “We can sell you end to end – from research, to buying and in trip experiences. That’s how travel tech has changed,” he said. Talk to MMT and <keyword id="1705241" type="PERSON" weightage="20" keywordseo="book-tickets">book tickets</keyword> Having been the frontrunner in travel tech, MMT is obviously moving on to the next big thing – Artificial Intelligence. “With AI, we have the power to learn from every experience so as to give our customers a much more nuanced and better product because the software has been learning for years. We can then proactively recommend you more things based on your likes,” said Kalra. MMT already has two chatbots, which are currently used for post-sales. But soon, you can use them to book tickets as well. “We are more than experimenting. Soon, you can chat and buy tickets. You can also talk to us in vernacular and book tickets,” said Kalra. How the sector has evolved For MMT founder Deep Kalra, it’s been a long journey which also includes a blockbuster listing in the US markets. “In the early days, no one was buying online. It was all search online and buy offline. That started to change in 2005, people started to buy rail tickets first,” said Kalra. The MMT founder has seen the world evolve from web to mobile web and then, an app. Kalra said that ticketing goes online very fast because it’s unidimensional, determined mainly by price and timing. The challenge, Kalra said, set in with selling hotel spaces and accommodation online. “It has now moved online with 20% of hotel bookings in the country being booked online,” he said. See Also: <a href="https://www.businessinsider.in/thomas-cook-india-bookings-wont-be-affected-even-while-british-company-declares-bankruptcy/articleshow/71254056.cms">Don’t worry travellers, your bookings at Thomas Cook India won't be affected as it is debt-free</a>

MakeMyTrip will soon let you book tickets through voice and your mother tongue

<ul><li>According to LinkedIn’s latest survey, AI/ML jobs are one of the top emerging jobs in India. </li><li>MakeMyTrip CEO Deep Kalra said it’s one of the toughest challenges they face today. </li><li>The gap then exists at an academic level which needs to be filled immediately.</li></ul>Jobs in <keyword id="107950" type="TECHNOLOGY" weightage="20" keywordseo="artificial-intelligence">Artificial Intelligence</keyword> and <keyword id="294572" type="TECHNOLOGY" weightage="20" keywordseo="machine-learning">Machine Learning</keyword> are in <a href="https://www.businessinsider.in/careers/news/ai-blockchain-digital-maketing-and-other-top-emerging-jobs-in-india-according-to-linkedin/articleshow/72446654.cms">high demand</a> in India, but finding the right talent for these roles is a difficult task. AI/ML skills are an important part of new technology adoption -- a route that most Indian companies are taking today. Though the jobs exist, finding and then sustaining the right talent for these jobs is a challenge. “It’s a real, real pain. Getting good talent for cutting edge new technology is the toughest. There’s such a fight for it. You get people and train them but they leave because they are being offered much higher salaries here and there,” MakeMyTrip CEO Deep Kalra told Business Insider in an earlier interview. MakeMyTrip has over 800 people working in tech, but their <keyword id="6357343" type="UNKNOWN" weightage="20" keywordseo="Data-Science">data science</keyword> team still has just about 15 people. Kalra said that while the team size is modest, it’s the churn which is the problem. Pawan Goyal, chief business officer at Naukri.com too agrees that there has been a significant increase in demand for AI/ML <keyword id="6357342" type="UNKNOWN" weightage="20" keywordseo="Hiring">hiring</keyword>. “This is a niche talent and is in short supply. The supply has started increasing. However, there is a long way to go to match the demand,” he said. A recent KPMG survey says that in the next few years, 50% of the workforce will be preparing for <keyword id="6355999" type="UNKNOWN" weightage="20" keywordseo="ai">AI</keyword>, <keyword id="51645" type="ORGANIZATION" weightage="20" keywordseo="ML">ML</keyword> and related technologies and that will be the biggest challenge for the HR functions. As finding the right talent gets more and more difficult, companies are also investing in their own employees and helping them adapt to the latest technologies – putting them through upskilling or reskilling programmes. “Companies need to rethink on how their employees will work alongside intelligent machines and get them to upskill for newer work profiles, else they will become redundant. Many companies often hold back on upskilling due to budgetary constraints or lack of time . And hence, they are now looking at hiring employees that come some opening balance of AI / ML skills,” said Neeti sharma, senior VP at Teamlease services. A way out would be for AI/ML to be included at the academic level in graduation colleges. “AI/ML will be used across all disciplines. Hence, it should become part and parcel of graduate education. This could be initiated by the government. Also, people should make use of the large number of excellent online courses available on platforms such as Coursera to pick up AI/ML skills,” said Goyal. Picking up the need to bring in these technologies at an academic level, Plaksha university, which has been set up by 50 entrepreneurs, has even partnered with UC Berkeley to bring fellowship programs in AI and ML. The programme called Tech Leaders Fellowship claims to be a first of its kind with a specialization in AI, ML and immersion in real-world applications, industry experience and leadership. “Today, there exist more than 5,000 engineering colleges in India, producing about a million engineering graduates every year. But most engineering education is still quite traditional. Plaksha is aiming to re-imagine technology and engineering education in India and the world,” said Vineet Gupta, founding member of Plaksha University, and co-chair of TLF Program Committee. See Also: <a href="http://businessinsider.in/careers/news/ai-blockchain-digital-maketing-and-other-top-emerging-jobs-in-india-according-to-linkedin/articleshow/72446654.cms">These are the top 15 emerging jobs in India, according to LinkedIn</a>

Indian CEOs are having a tough time retaining AI, ML, and data science experts

Tata Consultancy Services has topped the <keyword id="28120" type="General" weightage="20" keywordseo="linkedin" source="Orion">LinkedIn</keyword>'s latest list of top companies to work for in India, followed by <keyword id="6370971" type="General" weightage="20" keywordseo="accenture" source="Orion">Accenture</keyword> and <keyword id="28721" type="General" weightage="20" keywordseo="cognizant" source="Orion">Cognizant</keyword> in the second and third place respectively. Professional networking platform LinkedIn on Tuesday released the 2024 Top Companies list for India wherein <keyword id="6357647" type="General" weightage="20" keywordseo="it-companies" source="Orion">IT companies</keyword> bagged the top three ranks, while <keyword id="6354241" type="General" weightage="20" keywordseo="financial-services" source="Orion">financial services</keyword> firms dominated the list with 9 out of 25 companies from this sector. The 8th edition has derived insights from LinkedIn data, and lists the top 25 large companies, 15 best mid-size companies, and provides insights on in-demand skills, top locations, and the largest job functions within these companies. Amongst large companies (500+ employees in India), Tata Consultancy Services retained its top spot this year, followed by Accenture and Cognizant. Continuing the trend from last year, financial services dominated the 2024 list with 9 out of 25 companies from this sector including Macquarie Group (4th place), Morgan Stanley (5th), and JPMorgan Chase and Co (6th), LinkedIn said. Software-as-a-service (SaaS) platform Lentra ranked first on the list of top mid-size companies list (250-500 employees), followed by Indian online travel platform MakeMyTrip. The list also featured fashion and beauty retailer Nykaa and fantasy sports platform Dream11, showcasing the wide range of opportunities available in diverse industries for job seekers in India. "The in-demand skills that the top companies are looking for in the financial services sector include investor relations, capital markets, and investment banking. Companies in the technology sector are looking for skills such as enterprise software, data storage technologies, software development life cycle (SDLC), and artificial intelligence (AI)," the data revealed. Revenue analysis, nonprofit management, and mobile application development are some of the other skills that are witnessing a surge in demand, it added. Silicon valley of India, Bengaluru was named the top location where these top companies are based and looking to hire talent, followed by Hyderabad, Mumbai Metropolitan Region, and Pune. LinkedIn said the ranking of companies is based on eight pillars that have been shown to lead to career progression such as the ability to advance, skills growth, company stability, external opportunity, company affinity, gender diversity, educational background, and employee presence in the country.

Tech firms TCS, Accenture, Cognizant lead LinkedIn's top large companies list

<ul><li>The event focuses on Web3, D2C, metaverse, SaaS, in addition to conversations around corporate governance and building resilient businesses.</li><li>The event will include over 50 speakers, over 20 investors and has more than 20 sessions that include keynotes, masterclasses, panel discussions and exclusive lunch table sessions.</li><li>The 2-day event is spread across <keyword id="3658" type="General" weightage="100" keywordseo="india" source="Orion">India</keyword>’s leading sStartup hubs – Delhi-NCR and Bengaluru.</li></ul>Dubbed as India's largest and most definitive startup event for tech entrepreneurs, TiE Delhi-NCR’s India Internet Day (iDay) is all set to commence. The event will be held at two different locations and nation’s leading startup hubs. It is slated for September 1-2 in Bengaluru and Delhi-NCR. The theme for iDay 2022 is ‘Riding the wave: Building Winning Businesses Today’. Over 100 key industry stakeholders, ace investors, unicorn founders will be a part of conversations revolving around building resilient businesses, trends in D2C, Web3, metaverse, SaaS, crypto and beyond. Now in its 11th edition, the iconic India Internet Day has been running successfully for over a decade, curated by key leaders from the Indian startup ecosystem. iDay will showcase best practices, exciting opportunities and defining future trends. Expected attendees include tech pioneers, innovators, ideators, investors, mentors, incubators, accelerators, evangelists and budding entrepreneurs. The conference plays host to in-depth sessions, engaging keynotes by leading founders, investors and market experts of the digital world, in addition to exclusive lunch table sessions. “It has been an honour to co-chair this edition of India Internet Day, which has always been the premier event for tech entrepreneurs. The importance of this platform is even more amplified now, when founders need to learn from one another on how to build enduring, resilient businesses. Like they say - when the going gets tough, the tough get building,” said Mayak Khanduja, partner, elevation capital &amp; co-chair, India Internet Day. The exceptional line up for the event includes institution builders, leading tech entrepreneurs, nation’s best investors and policy makers including Deepak Bagla, Invest India; Mayank Khanduja, Elevation Capital; Rajan Anandan, Sequoia India &amp; SEA; Deep Kalra, MakeMyTrip; Mohit Bhatnagar, Sequoia India; Mukul Arora, Elevation Capital; Kiran Vasireddy, Kalaari Capital; Ashwini Asokan, Vue.ai, Blox.ai; Upasana Taku, Mobikwik; Ravi Chhabria, NetApp India; Gaurav Gupta, Squareboat; Ashish Hemrajani, BookMyShow; Ashish Singhal, CoinSwitch; Vidit Aatrey, founder &amp; CEO, Meesho &amp; many more. “Over the past decade, India Internet Day has emerged as a leading platform showcasing India’s internet growth story. After a resounding debut in 2012, it has grown from being relevant to being indispensable for stakeholders across the ecosystem. iDay hosts the entire gamut of the internet mobile industry in India like no other forum,” said Geetika Dayal, executive director, TiE Delhi-NCR. “This year iDay focuses on building robust, resilient &amp; future ready companies which can survive &amp; succeed in the midst of headwinds. We are happy to bring iDay to Bengaluru in collaboration with TiE Bangalore this year,” added Dayal. The conference is supported by <keyword id="3003094" type="General" weightage="50" keywordseo="startup-india" source="Orion">Startup India</keyword>, Elevation Capital, Sequoia Capital, Microsoft, AWS, Squareboat, Netapp Excellarator, Kalaari Capital, Client Associates, Google Cloud, Kalaari and NTT Data-TiE Pune. As a commitment towards being a responsible organization TiE Delhi-NCR is continuing to build on its initiatives to adopt sustainability and make its events truly sustainable. As a first formal step towards being carbon neutral, it is tracking its carbon emissions for the India Internet Day and adopting steps to reduce emissions, waste generated and water wastage. India Internet Day 2022 is going to officially be a carbon neutral event. All the emissions offset undertaken, shall be published for public knowledge, post third party validation. About TiE Delhi-NCR’s India Internet Day From its inception #iDay has set out to be a leadership conference that looks to set conversations around vision 2025 for the industry. It’s one of India’s most exciting gatherings of the internet community designed to deliver powerful content and showcase the possibilities, which the internet holds for the present and the future. The conference sees participation from all major and relevant technology companies from across the country. India Internet Day 2020 co-chairs include – Mayank Khanduja &amp; Ashwini Asokan along with the team Abhishek Gupta, Alok Mittal, Arvind Jha, Deep Kalra, Dev Khare, Gautam Gandhi, Karan Mohla, Latika Pai, Miten Sampat, Prasanto K Roy, Rajan Anandan, Rajat Garg, <keyword id="262068" type="General" weightage="50" keywordseo="rajesh-sawhney" source="Orion">Rajesh Sawhney</keyword>, Ravi Gururaj, <keyword id="8713499" type="General" weightage="50" keywordseo="shereen-bhan" source="Orion">Shereen Bhan</keyword>, <keyword id="3380503" type="General" weightage="50" keywordseo="suchita-salwan" source="Orion">Suchita Salwan</keyword> and Vani Kola – who are the torchbearers who put together the conference that has emerged as the voice of India’s internet industry. About TiE Delhi-NCR TiE Delhi-NCR is among the most active and vibrant chapters across the vast TiE network. In the last two decades, it has continuously taken the lead in creating an increasingly positive ecosystem for entrepreneurs and investors. With a strong mentor support base, marquee events and focused workshops throughout the year it has emerged as one of the most valuable platforms supporting entrepreneurship, nationally. TiE Delhi-NCR conducts a wide range of programmes to help entrepreneurs. These include TiEcon, Startup Expo, TiE Institute, TiE Young Entrepreneurs along with Special Interest Groups (SIGs) across sectors.

India’s largest event for tech entrepreneurs, TiE Delhi-NCR’s India InternetDay - now connects two startup hubs

<ul><li><keyword id="3810461" type="General" weightage="20" keywordseo="pi-ventures" source="Orion">pi Ventures</keyword> has announced the first closing of its second fund at $40 million.</li><li>The fund size is $75 million, including a green shoe target of $100 million.</li><li>This fund has already been deployed to back biotech startup ImmunitoAI.</li></ul>Early-stage venture fund pi Ventures has announced the first closing of its second fund at ₹300 crore ($40 million) to invest in 20-25 startups in the next three years. The company has launched the fund II in March 2021 with a base target corpus of ₹565 crore ($75 million), including a green shoe target of ₹750 crore ($100 million). The investment firm aims to announce the second close by mid 2022, Manish Singhal, founding partner at pi Ventures, told Business Insider. Several high net worth individuals (HNIs) and family offices — including Mamaearth’s Varun Alagh, Flipkart’s Binny Bansal, MakeMyTrip’s Deep Kalra, and senior leaders from IBM, Facebook and Google — have participated in the venture fund. Founded in 2016, pi Ventures had closed its Fund I in ₹225 crore ($30 million) in 2018. The fund has been used to invest in 15 startups, including breast cancer screening solution Niramai, Google-backed mental health platform Wysa, spacetech company Agnikul and logistics company Locus. Like the fund I, pi Ventures’ Fund II will be sector agnostic too. This fund has already been deployed to back biotech startup ImmunitoAI that is developing an AI-powered antibody discovery and screening platform. “The interest in our fund demonstrates the confidence of our investors in our team and our investment strategy. We will continue supporting early-stage entrepreneurs in the deep tech space and we take the learnings from our first fund portfolio to scale on this now proven strategy,” Singhal added. SEE ALSO <a href="https://www.businessinsider.in/budget/news/union-defence-budget-2022-submarines-drones-warships-and-aircraft-carriers/articleshow/88989045.cms" data-type="tilCustomLink">This year’s defence budget may focus on building submarines, drones, warships and aircraft carriers</a> <a class="tout-title-link" href="https://www.businessinsider.in/stock-market/news/bajaj-finance-bajaj-auto-hero-motocorp-and-other-hot-stocks-on-january-19/slidelist/88985936.cms"></a> <a href="https://www.businessinsider.in/india/news/indias-daily-covid-19-cases-surge-by-7-8-in-a-day-active-cases-stand-at-1831000/articleshow/88987362.cms">India’s daily COVID-19 cases surge by 7.8% in a day, active cases stand at 18,31,000</a> <a href="https://www.businessinsider.in/stock-market/news/ags-transact-technologies-ipo-cash-management-firm-looking-to-halve-its-debt-with-ipo-money/articleshow/88987025.cms">AGS Transact is a cash management firm looking to halve its debt with IPO money</a>

pi Ventures plans to invest in 25 young startups with its latest $75 million fund

<ul><li>The company will be hiring across the board, especially focusing on engineering, data science and AI roles.</li><li>It has raised over $83 million to date and counts Valar Ventures as well as IA Ventures as investors.</li><li><keyword id="3711711" type="General" weightage="20" keywordseo="simpl" source="Orion">Simpl</keyword> has disbursed more than 49 million loans in the ‘Buy Now, Pay Later’ space, as per a Macquarie report.</li></ul>Bengaluru-based fintech startup Simpl has raised $40 million in funding, the company’s founder and chief executive officer (CEO) Nitya Sharma told Business Insider. The company — which offers buy now, pay later (<keyword id="9522245" type="General" weightage="20" keywordseo="bnpl" source="Orion">BNPL</keyword>) services — plans to use this capital to hire aggressively across the board, especially focusing on the engineering, data science and artificial intelligence (AI) departments. The company has a team of 150 and it plans to double the team size. “We are growing very aggressively. So, we’ll be investing in the growth of the platform,” he added. The Series B funding round was led by Valar Ventures and IA Ventures with participation from LFH Ventures and other existing investors. With this, the company has raised over $83 million to date. Simpl was founded in 2018 by Nitya Sharma and Chaitra Chidanand. The company enables merchants to offer simple payments solutions to their customers. <div type="image" title="Amazon and Flipkart’s biggest rival in ‘Buy Now, Pay Later’ just raised $40 million" msid="88027213" hostid="261"></div> According to a report by Macquarie, published last month, Simpl has disbursed more than 49 million loans in the ‘Buy Now, Pay Later’ space. It has recorded more transactions than Flipkart Pay Later, Amazon Pay Later and Paytm Postpaid. The report also noted that it is among the biggest BNPL players in terms of active user base. <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;">Active User Base </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;">Simpl </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;">7 million </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;">ZestMoney </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;">6 million </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;">Krazybee </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 million </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;">LazyPay </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 million </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;">Mobikwik </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 million </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>Source: Macquarie Paytm may be among the largest players in the digital payments space with over 120 million users, but its user base is spread across unified payments interface (UPI), wallet payments, financial services, ecommerce, and more. The company aims to make money from its lending business. “Since Paytm will largely be engaged in selling down these loans to partner banks or NBFCs (non-banking financial companies) balance sheets, the addressable fee pool is much lower,” said Macquarie. A Redseer report added that the BNPL market is nascent in India, valued at $3-3.5 billion that could grow 15-fold over the next five years to $45-50 billion. Simpl’s flagship product is the one-step “Pay Later” option, which allows customers to delay the payment of the product they have purchased for 15 days. The payments solution can be used to purchase food, apparels and more. The company also allowed the users to make bill payments online. Its latest offering includes “Pay-in-3”, which allows customers to make the payment of their purchases in three equally payments every month. It claims that their monthly active user base has grown nearly 10-fold in the last 18 months. It works with over 7,000 category leading online merchants such as Zomato, MakeMyTrip, BigBasket, Jio Platform, 1mg, Crocs and more. "We built a fullstack checkout platform that gives merchants ultimate control of user experience and helps them build trust with consumers at checkout. Simpl is like a Khata (account) or a Tab for online commerce. This intuitive user experience, built on the bedrock of trust, will enable a larger ecommerce market and will lead to greater adoption of mobile payments in India and the rest of the world," Sharma added. SEE ALSO <a href="https://www.businessinsider.in/business/startups/news/kunal-shahs-cred-buys-corporate-expense-management-company-happay-for-180-million/articleshow/88025009.cms" data-type="tilCustomLink">Kunal Shah’s CRED has spent $180 million to acquire Happay, a corporate expense manager for Byju’s, OYO and more</a> <a href="https://www.businessinsider.in/stock-market/news/tega-industries-ipo-opens-today-and-gmp-at-310/articleshow/88017369.cms">Tega Industries’ ₹600 crore IPO opens today; GMP at ₹310</a> <a href="https://www.businessinsider.in/science/news/high-speed-space-junk-risk-prompts-nasa-to-abruptly-delay-spacewalk-on-the-international-space-station/articleshow/88018185.cms">High-speed space junk risk prompts NASA to abruptly delay spacewalk on the International Space Station</a>

Amazon and Flipkart’s biggest rival in ‘Buy Now, Pay Later’ just raised $40 million

<ul><li>The three-year old <keyword id="8391587" type="UNKNOWN" weightage="20" keywordseo="scapic">Scapic</keyword> is a cloud-based platform which offers creation and publishing of Augmented Reality (AR) and 3D content.</li><li>Scapic’s team will join <keyword id="6354742" type="COMPANY" weightage="20" keywordseo="Flipkart">Flipkart</keyword> and will help the e-commerce giant build deeper camera experiences, virtual storefronts and bring new opportunities for brand advertising on its platform.</li><li>Flipkart’s acquisition of Scapic joins its long list of recent acquisitions and investments as the company scales up operations while competition rises from the likes of Amazon and JioMart.</li></ul>Indian e-commerce giant Flipkart continues with its acquisition spree. The company has picked up a 100% stake in Augmented Reality company Scapic. The three-year old Scapic is a cloud-based platform that offers creation and publishing of Augmented Reality (AR) and 3D content. The company has clients across e-commerce and marketing. The startup had also recently won in the Industry 4.0 – AR category, during the National Startup Awards 2020. Founded by Sai Krishna V K &amp; Ajay P V, the Bengaluru-based company had earlier raised funding from Axilor, Speciale Invest, and Newfort Capital. “Today, we buy more online than we ever have, and it has only accelerated this year. Customers now require better visuals than ever before. Scapic is building visual technology that brings products to life using Augmented Reality and 3D. Advancements by the Scapic team in the field of AI, Computer Vision and AR have made this change possible,” said the founders in a statement. With the acquisition, Scapic’s team will join Flipkart and will help the e-commerce giant build deeper camera experiences, virtual storefronts and bring new opportunities for brand advertising on its platform. “As we make investments that focus on developing and nurturing the retail ecosystem, we are also committed to making our platform easier to navigate and richer for consumers in terms of content and experience. I welcome the Scapic team to Flipkart as we continue our efforts to provide deeper value to our customers,” said Flipkart CEO Kalyan Krishnamurthy in a statement. Flipkart’s acquisition of Scapic joins its long list of recent acquisitions and investments as the company scales up operations while competition rises from the likes of Amazon and JioMart. Flipkart is also doubling down on user experience on the platform. With its acquisition of social gaming startup <a href="https://www.businessinsider.in/business/ecommerce/news/flipkart-acquires-gaming-startup-mech-mocha-as-it-looks-to-tap-the-social-gaming-space-for-more-consumers/articleshow/79014466.cms">Mech Mocha</a> recently, the e-commerce platform was looking at ways to develop new and innovative formats to engage with users on its platform. Flipkart is on an investment spree <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></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;">Acquisitions by Flipkart </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;">Investment by Flipkart </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;">Mech Mocha </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;">Aditya Birla Fashion Retail Limited- ₹1,500 crore </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;">Walmart’s B2B business </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;">Arvind Fashions - ₹260 crore </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;"> </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;">USPL - undisclosed amount </td></tr></tbody></table> SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/makemytrip-shares-soar-as-covid-vaccine-progress-from-moderna-and-pfizer-spark-optimism-of-faster-travel-recovery/articleshow/79255315.cms">MakeMyTrip shares soar as COVID vaccine progress from Moderna and Pfizer spark optimism of faster travel recovery</a> <a href="https://www.businessinsider.in/business/ecommerce/news/flipkart-invests-in-uspl-fashion-house-that-has-brands-like-virat-kohli-wrogn-and-kriti-sanon-ms-taken/articleshow/79058747.cms">Flipkart makes its third fashion investment in five months — bets on USPL that houses brands like Virat Kohli's Wrogn and Kriti Sanon's Ms Taken</a> <a href="https://www.businessinsider.in/business/ecommerce/news/flipkart-acquires-gaming-startup-mech-mocha-as-it-looks-to-tap-the-social-gaming-space-for-more-consumers/articleshow/79014466.cms">Flipkart acquires gaming startup Mech Mocha as it looks to tap the social gaming space for more consumers</a>

Flipkart makes yet another acquisition – buys 100% stake in Augmented Reality startup Scapic

<ul><li>Indian YouTuber <keyword id="9220678" type="UNKNOWN" weightage="20" keywordseo="Carry-Minati">Carry Minati</keyword>’s roast video, which went viral last week has been removed from Google’s video streaming platform </li><li>YouTube says the video has been removed for violating the platform’s terms of service.</li><li>Fans are expressing their outrage on Twitter with the narrative centred around the <keyword id="9224224" type="UNKNOWN" weightage="20" keywordseo="youtube-vs-tiktok">YouTube vs TikTok</keyword> feud, which has escalated during the coronavirus lockdown.</li></ul>Carry Minati, the 20-year old YouTube sensation with over 16 million subscribers, can’t be happy that his most viral video till date, YouTube vs TikTok — The End, was removed from the platform for violating its ‘<a href="https://youtu.be/MgcsYhBKtag">terms of service</a>’. <div type="image" title="Carry Minati YouTube Vs TikTok video takedown" msid="75749669" hostid="261" caption="&amp;lt;p&amp;gt;Carry Minati&amp;#39;s viral video, YouTube vs TikTok - The End, was taken down by Google&amp;#39;s video streaming platform&amp;lt;/p&amp;gt;"></div> His fans definitely aren’t happy that Google’s video streaming service chose to remove Minati’s most viral video till date — garnering nearly 70 million views in under a week and doubling his subscriber base from 8 million — with #CarryMinati and #JusticeForCarry showing up as the two top trends on Twitter. <div type="twitter" handle="himanshkohli" handlename="Himansh Kohli" image="http://pbs.twimg.com/profile_images/1259492988247511042/Ge9vSTOP_normal.jpg" favoritecount="38" retweetcount="11" status="It was just a fun roast, @CarryMinati. Everything else aside, I'm rooting for you. Keep the good content coming in… https://t.co/Z3oGBbtGbU" createdat="1589492666000" id="1261049761177710592"></div> <div type="twitter" handle="richa_singh" handlename="richa singh" image="http://pbs.twimg.com/profile_images/1178239527606833152/9OMAwWCm_normal.jpg" favoritecount="16" retweetcount="2" status="Judge sahab, ladai hai #Carryminati from Youtube aur Amir from TikTok ki par insaaf aisa lag raha hai ki Twitter pe… https://t.co/Yln1hhTLSh" createdat="1589484924000" id="1261017285474598912"></div> In YouTube’s defence, it updated its <a href="https://youtube.googleblog.com/2019/12/an-update-to-our-harassment-policy.html">harassment policy</a> in December 2019 stating, “We will not tolerate harassment.” And, Carry Minati’s YouTube video was a pretty targetted attack at TikTok’s self-proclaimed social influencer <keyword id="1221894" type="PERSON" weightage="20" keywordseo="Amir-Siddiqui">Amir Siddiqui</keyword> — dismantling Siddiqui’s video line-by-line. “We have strict policies that prohibit harassment on YouTube, including using malicious insults based on intrinsic attributes such as sexual orientation. We quickly remove content that violates these policies when flagged by our users,” YouTube told Business Insider in response to the incident. Even though Minati’s whole IP on YouTube is reacting and roasting popular TV shows or celebrities, this is the first time that he posted a video roasting a single individual. Something that he himself confessed in the YouTube vs TikTok - The End video. The ongoing feud between YouTube and TikTok has only escalated during the lockdown as more content floods the system, and creators are caught in a battle of formats. <div type="image" title="carry3_edited" msid="75749823" hostid="261" caption="&amp;lt;p&amp;gt;Carry Minati&amp;lt;/p&amp;gt;"></div> If you didn’t have a chance to watch the video at the centre of the controversy before it was taken down, here are the highlights: <ul><li>Minati pointed out that TikTok videos don’t have any quality and are way shorter than YouTube videos. Even though creators have the option to create one-minute videos, they normally choose to make multiple 30-second clips instead to bump up their content count.</li><li>Siddiqui’s video alleges that YouTubers only make content for sympathy. Minati hit back with a video that Siddiqui does that in more obvious ways by posting videos of him feeding poor kids.</li><li>In multiple points in the video, Minati highlights Siddiqui’s slip-ups in grammar as he talks hinting how his education is inadequate.</li><li>He also shows that Siddiqui’s claim of being a “social influencer” involves using crowdsourcing hashtags on Instagram in order to get more views, even though they may not have any relevance to the image shared. As an example, he shared a picture of Siddiqui standing next to a car and one the hashtags on the post was ‘#Skirt’.</li></ul>Who is Carry Minati? For those of you unfamiliar with Carry Minati, he’s been making videos since 2010 and even won the coveted ‘Golden Play Button’ in 2017 when he crossed 1 million subscribers. His real name is Ajey Nagar and he hails from Faridabad, Haryana. <div type="image" title="carry2_edited" msid="75749804" hostid="261" caption="&amp;lt;p&amp;gt;Carry Minati is a 20 year YouTuber who hails from Faridabad in Haryana&amp;lt;/p&amp;gt;"></div> Before becoming the ‘<a href="https://www.republicworld.com/entertainment-news/bollywood-news/carryminati-how-the-boy-from-haryana-became-the-roast-king-of-india.html">The Roast King of India</a>’, the first video of his to see significant fame was a collaboration with fellow YouTuber Bhuvan Bham called Making Money Money with BB Ki Vines. He’s also the same guy who made a diss track called Bye Bye PewDiePie, which ironically wasn’t taken down for ‘bullying’ or ‘harassment’. <div type="javascript" title="Custom" contenttype="Video"><cdata><![CDATA[]]></cdata></div> He has a second channel called CarryisLIve, where posts live streams of him playing games — not unlike PewDiePie’s claim to fame. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/twitter-gratitude-emoji-aims-to-bring-back-positivity-in-these-times-of-gloom/articleshow/75735812.cms">Twitter Gratitude emoji aims to bring back positivity in these times of gloom</a> <a href="https://www.businessinsider.in/tech/news/elon-musk-tweets-facebook-sucks-at-facebook-ai-lead-who-said-musk-has-no-idea-what-hes-talking-about-about-when-he-talks-about-ai/articleshow/75741913.cms">Elon Musk tweets 'Facebook sucks' at Facebook AI lead who said Musk has 'no idea what he's talking about about when he talks about AI'</a> <a href="https://www.businessinsider.in/business/startups/news/makemytrip-will-now-deliver-food-jumps-into-the-ring-where-zomato-and-swiggy-are-already-fighting-it-out/articleshow/75733805.cms">MakeMyTrip will now deliver food – jumps into the ring where Zomato and Swiggy are already fighting it out</a>

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