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<ul><li><keyword id="10049960" type="UNKNOWN" weightage="20" keywordseo="ramu-dosapati">Ramu Dosapati</keyword>, an HR executive in a corporate firm, has been running a ‘<keyword id="9060220" type="UNKNOWN" weightage="20" keywordseo="rice-atm">Rice ATM</keyword>’ – a 24X7 supply of rice and other rations for the needy in Hyderabad since April 2020.</li><li>Over the months, Dosapati claims to have spent almost ₹50 lakh out of his own pocket. </li><li>From <keyword id="91743" type="PERSON" weightage="20" keywordseo="lockdown">lockdown</keyword> days to during Hyderabad floods, Dosapati has been helping out the needy in the city.</li></ul>In the gruelling months of the <keyword id="8637077" type="UNKNOWN" weightage="20" keywordseo="Coronavirus-lockdown">coronavirus lockdown</keyword> earlier this year, several stories of migrant workers and the poor being stranded without jobs and money emerged. This also led to the emergence of stories of Sonu Sood and the likes – the real heroes who went out of their way to help people out. And in the southern state of Telangana’s capital city Hyderabad, one such story is that of Ramu Dosapati. Dosapati, an HR executive in a corporate firm, has been running a ‘Rice ATM’ – a 24X7 supply of rice and other rations for the needy in Hyderabad since April, 2020. Over the months, Dosapati claims to have spent almost ₹50 lakh out of his own pocket and has no intentions of claiming it back. <div type="javascript" title="Custom" contenttype="Video"><cdata><![CDATA[]]></cdata></div> How it all started Just about a month into lockdown, Dosapati’s younger son wanted to have chicken for his birthday. Dosapati went to the nearest shop to buy chicken, only to find a security guard buying chicken for ₹2000. “I was quite surprised as to why this lady is buying so much chicken. When I asked her I got to know she was buying it as a treat for migrant workers sheltered nearby, who had run out of food. When I asked her about her salary, she said it was ₹6,000. That made me think that if a lady with ₹6,000 salary can spend ₹2,000 on the needy, why can’t I do the same?,” Dosapati told Business Insider. In the next few days, Dosapati got to work. He went with the security guard to the place where the migrant workers were and made a list of 192 people who needed ration and other necessary items. “There were people who wanted to go back to their hometowns by walking over 400-500 kms, I asked them to stay back and told them I would help them out,” he said. <div type="image" title="IMG-20201221-WA0007" msid="79851891" hostid="261"></div> He started out an initial ₹1,50,000 from his savings to feed the needy. But the amount could only result in ration for a few days. And as the word spread about the Rice ATM, more and more people came forward asking for help. “Then I went to the local kirana store owner and requested him to lend out ration on my word. I broke my provident fund and showed him the receipt for the same, assuring him that the money would come to me and I would pay him,” he said. Giving up his 3 BHK dream to feed the needy Dosapati, who currently lives in a 1 BHK with his wife and two sons, also wanted a bigger 3 BHK. “My sons have been fighting for a long time as they want separate rooms,” Dosapati tells us. He had even selected a 3 BHK and sold land in his ancestral village for ₹38.5 lakh. But one morning at 6 am, his apartment guard woke him up saying about 50-60 people had gathered outside and wanted to meet him. The word about ‘Rice ATM’ kept spreading and people wanted help. “That’s when my wife supported me and asked me to go ahead and carry on with the initiative,” he said. He gave up on the 3BHK house and instead directed the money to helping out more people, even when floods struck Hyderabad. Over time, there has been an outpouring of support from other groups and people to help his initiative, which Dosapati vets before taking any help. It’s been over 250 days since Dosapati has been running this initiative, and for now there’s stopping him. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/google-microsoft-invest-in-dailyhunt-for-its-short-video-platform-josh-making-it-the-latest-unicorn-in-india/articleshow/79850804.cms">Google, Microsoft invest in DailyHunt for its short video platform Josh – making it the latest unicorn in India</a>

This man spent almost ₹50 lakh, let go of his 3BHK dream to run a ‘Rice ATM’ for the needy in Hyderabad

<ul><li>Fast-food giant McDonald’s is ramping up its online delivery efforts in India. </li><li>Customers in Delhi can now place an order through WhatsApp.</li><li>McDonald’s called it an extension of its 100% contactless ordering service.</li></ul>Fast-food giant McDonald’s is ramping up its online delivery efforts in India. The North and East division of McDonald’s in India will now take orders via Whatsapp. However, the service is initially limited to Delhi only. “This is a part of McDonald’s initiative of providing more convenience to its customers, an extension of 100% contactless ordering service enabling customers to access the menu by simply scanning the QR code available at McDonald’s restaurants and select contactless takeaway or dining-in service, as per their convenience,” said the company’s statement. Here’s how you can place an order <ul><li>Send a message with the text ‘Hi’ to 9953916666. </li><li>A link to the menu will appear. </li><li>Select the food items for the order and then feed in your details – WhatsApp number and delivery address. </li><li>Once order is confirmed, an invoice will be sent to the customers’ WhatsApp number with the details. </li></ul>With the coronavirus pandemic, food outlets have been working to boost their online delivery. This as footfalls at restaurants continue to be lower than usual. A recent survey by YouGov showed that even while Zomato and Swiggy led the online delivery race, a rising number of orders now come from apps of QSRs. “Even though a majority prefer to order through a third-party app, many people (35%) choose to place their order directly through a restaurant’s mobile app or online through its website (26%),” said the survey. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/google-invests-in-two-indian-short-video-apps-on-the-same-day-both-of-which-offer-content-in-local-languages/articleshow/79852883.cms">Google invests in two Indian short-video apps on the same day – both of which offer content in local languages</a> <a href="https://www.businessinsider.in/india/news/this-man-spent-almost-50-lakh-let-go-of-his-3bhk-dream-to-run-a-rice-atm-for-the-needy-in-hyderabad/articleshow/79851856.cms">This man spent almost ₹50 lakh, let go of his 3BHK dream to run a ‘Rice ATM’ for the needy in Hyderabad</a>

McDonald's will now take orders via WhatsApp in Delhi NCR

<ul><li>An efficient company that is improving profitability with low or no debt means that it has used the capital wisely and has the ability to invest more. </li><li>And, according to a report from Motilal Oswal, of the 500 that the broking firm analysed in India, only 17 pass this test based on data from the last five years. </li><li>15 of these 17 stocks beat the Sensex by a wide margin in the amount of wealth they created for their long-term investors. </li><li>Check out the latest news and analysis on <a href="https://www.businessinsider.in/" data-type="tilCustomLink" target="_blank">Business Insider</a>.</li></ul>Du Pont Corporation in America used a method to calculate the return on equity⁠— which shows how profitable a company is ⁠— which has gone on to become widely used across the world. The <keyword id="10480578" type="UNKNOWN" weightage="20" keywordseo="du-pont-analysis">Du Pont analysis</keyword> breaks down the profitability metric into its key drivers ⁠— how efficient its operations are, what is the profit margin and how manageable the debt of the company is. An efficient company that is improving profitability with low or no debt means that it has used the capital wisely and has the ability to invest more. And, according to a report from Motilal Oswal, of the 500 that the broking firm analysed in India, only 17 pass this test based on data from the last five years. Here's how the stocks performed: <table style="border-width: initial; border-style: none; background-color: rgb(255, 255, 255); font-size: 16px; line-height: 1.6em; box-shadow: none; width: 248pt; font-family: Merriweather; padding-bottom: 10px !important; background-image: inherit !important; background-position: inherit !important; background-size: inherit !important; background-repeat: inherit !important; background-attachment: inherit !important; background-origin: inherit !important; background-clip: inherit !important;"></colgroup><tbody><tr><td class="xl63" style="border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top; height: 15.75pt; width: 131pt;">Company</td><td class="xl63" style="border-top: 1px solid rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top; width: 117pt;">Price CAGR 2015-2020</td></tr><tr><td class="xl63" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: 1px solid rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top; height: 15.75pt;">P&amp;G Health</td><td class="xl64" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top;">32%</td></tr><tr><td class="xl63" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: 1px solid rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top; height: 15.75pt;">Abbott India</td><td class="xl64" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top;">31%</td></tr><tr><td class="xl63" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: 1px solid rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top; height: 15.75pt;">Honeywell Auto</td><td class="xl64" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top;">25%</td></tr><tr><td class="xl63" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: 1px solid rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top; height: 15.75pt;">Astrazeneca</td><td class="xl64" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top;">21%</td></tr><tr><td class="xl63" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: 1px solid rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top; height: 15.75pt;">EPL</td><td class="xl64" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top;">20%</td></tr><tr><td class="xl63" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: 1px solid rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top; height: 15.75pt;">Balkrishna Industries</td><td class="xl64" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top;">20%</td></tr><tr><td class="xl63" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: 1px solid rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top; height: 15.75pt;">3M India</td><td class="xl64" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top;">19%</td></tr><tr><td class="xl63" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: 1px solid rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top; height: 15.75pt;">Godfrey Phillips</td><td class="xl64" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top;">17%</td></tr><tr><td class="xl63" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: 1px solid rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top; height: 15.75pt;">Ipca Labs</td><td class="xl64" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top;">17%</td></tr><tr><td class="xl63" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: 1px solid rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top; height: 15.75pt;">Sanofi India</td><td class="xl64" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top;">13%</td></tr><tr><td class="xl63" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: 1px solid rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top; height: 15.75pt;">Mphasis</td><td class="xl64" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top;">12%</td></tr><tr><td class="xl63" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: 1px solid rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top; height: 15.75pt;">VST Industries</td><td class="xl64" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top;">12%</td></tr><tr><td class="xl63" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: 1px solid rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top; height: 15.75pt;">Ramco Cement</td><td class="xl64" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top;">11%</td></tr><tr><td class="xl63" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: 1px solid rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top; height: 15.75pt;">Jubilant Life</td><td class="xl64" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top;">10%</td></tr><tr><td class="xl63" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: 1px solid rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top; height: 15.75pt;">Carborundum Universal</td><td class="xl64" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top;">3%</td></tr><tr><td class="xl63" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: 1px solid rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top; height: 15.75pt;">ABB</td><td class="xl64" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top;">-4%</td></tr><tr><td class="xl63" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: 1px solid rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top; height: 15.75pt;">Siemens</td><td class="xl64" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top;">-4%</td></tr><tr><td class="xl63" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: 1px solid rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top; height: 15.75pt;">Sensex</td><td class="xl64" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top;">1%</td></tr></tbody></table>CAGR: Compounded annual growth rate DuPont Analysis says the return on equity is net profit margin multiplied by asset turnover and leverage. Essentially, as the report explained, the profit margin 2020 should be wider than what it was 2015, and the asset turnover (sales divided by assets) in 2020 should have improved in the last five years, while the debt should be manageable i.e. debt to equity ratio should be less than one. Most of these 17 stocks beat the Sensex by a wide margin in the amount of wealth they created for their long-term investors. “Rising margin and asset turn with healthy leverage is a sound formula for investing success,” the report said. Only two of them, both multinational engineering companies, ABB and Siemens, performed worse than the Sensex in the last five years despite having passed the Du Pont test. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/this-man-spent-almost-50-lakh-let-go-of-his-3bhk-dream-to-run-a-rice-atm-for-the-needy-in-hyderabad/articleshow/79851856.cms">This man spent almost ₹50 lakh, let go of his 3BHK dream to run a ‘Rice ATM’ for the needy in Hyderabad</a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/this-man-spent-almost-50-lakh-let-go-of-his-3bhk-dream-to-run-a-rice-atm-for-the-needy-in-hyderabad/articleshow/79851856.cms"></a> <a href="https://www.businessinsider.in/business/news/india-has-a-hot-new-debate-on-its-plate-should-the-likes-of-burger-king-kfc-and-mcdonalds-menus-mention-calories/articleshow/79771040.cms" data-type="tilCustomLink" target="_blank">India has a hot new debate on its plate: Should the likes of Burger King, KFC and McDonald’s menus mention calories?</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/amazon-got-an-operation-successful-patient-dead-verdict-lawyers-say-the-delhi-high-court-order-is-actually-a-win-for-kishore-biyani-and-future-group/articleshow/79842995.cms">Amazon got an “operation successful, patient dead” verdict ⁠— Lawyers say the Delhi High Court order is actually a win for Kishore Biyani and Future Group</a>

There are one of only 17 Indian companies out of 500 that aced the Du Pont test

<ul><li>Google has invested in two short-video platforms in India on the same day – Glance which owns Roposo as well as DailyHunt’s parent company VerSe Innovations which runs Josh.</li><li>Interestingly, both Roposo and Josh offer content in local languages and are looking to cater to India’s Bharat users. </li><li>The investments come in from Google’s $10 billion fund – the same fund from which it has backed Reliance Jio.</li></ul>It looks like global tech giant Google is looking to take over the space left behind by the ban of Bytedance’s TikTok in India. Google has invested in two short-video platforms in India on the same day – Glance which owns Roposo as well as DailyHunt’s parent company VerSe Innovations which runs Josh. Interestingly, both Roposo and Josh offer content in local languages and are looking to cater to India’s Bharat users. During the Google for India event, the global tech giant announced a $10 billion investment plan for India, from which it had also announced a $4.5 billion funding in Reliance Jio. The company’s CEO Sundar Pichai had then said that one of the four areas where they will invest is in companies “enabling affordable access and information for every Indian in their own language, whether it’s Hindi, Tamil, Punjabi or any other”. “Still too many Indians have trouble finding content to read or services they can use confidently, in their own language. And this significantly limits the value of the internet for them, particularly at a time like this when the internet is the lifeline of so many people. This investment underlines our strong belief in working with India’s innovative startups towards the shared goal of building a truly inclusive digital economy that will benefit everyone,” said Caesar Sengupta, VP, Google in a statement. According to reports, Google was also in talks with another content and short-video platform Sharechat for a<a href="https://www.businessinsider.in/business/startups/news/google-is-reportedly-in-talks-to-acquire-twitter-backed-indian-social-media-startup-sharechat/articleshow/79381248.cms"> billion dollar buyout.</a> Roposo in numbers <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;">Monthly Active Users </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;">Daily Active Users </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;">115 million (for Glance) </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;">33 million </td></tr></tbody></table> Roposo is owned by Glance, which is a subsidiary of Indian unicorn InMobi. Glance has raised $145 Million from Google as well as its existing investor Mithril Capital. With the latest investment, the company aims to deepen its AI capability across Glance and Roposo, expand its technology team, launch services on the platform, and drive expansion in global markets Josh in numbers <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;">Monthly Active Users </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;">Daily Active Users </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;">77 million </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;">36 million </td></tr></tbody></table> The other investment from Google has come through for DailyHunt’s take on TikTok – the short video platform Josh. The news aggregator platform had launched Josh after the ban on TikTok in India, in 12 local Indian languages to capture the “Bharat” users, the term used for the next 200 million internet users in India. With this, DailyHunt’s parent company VerSe Innovation has crossed a valuation of over a billion dollars, making it the latest unicorn in India. DailyHunt has raised the funding from Google along with Microsoft and AlphaWave, a Falcon Edge Capital unit. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/google-microsoft-invest-in-dailyhunt-for-its-short-video-platform-josh-making-it-the-latest-unicorn-in-india/articleshow/79850804.cms">Google, Microsoft invest in DailyHunt for its short video platform Josh – making it the latest unicorn in India</a> <a href="https://www.businessinsider.in/stock-market/news/cryptocurrency-exchange-coindcx-raises-13-9-million-funding/articleshow/79850829.cms">Cryptocurrency exchange CoinDCX has raised $20 million since the pandemic broke out⁠ — the founder says he is hiring aggressively as volumes have tripled</a> <a href="https://www.businessinsider.in/india/news/this-man-spent-almost-50-lakh-let-go-of-his-3bhk-dream-to-run-a-rice-atm-for-the-needy-in-hyderabad/articleshow/79851856.cms">This man spent almost ₹50 lakh, let go of his 3BHK dream to run a ‘Rice ATM’ for the needy in Hyderabad</a>

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This man spent almost ₹50 lakh, let go of his 3BHK dream to run a ‘Rice ATM’ for the needy in Hyderabad

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McDonald's will now take orders via WhatsApp in Delhi NCR

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Google invests in two Indian short-video apps on the same day – both of which offer content in local languages

Sanchita Dash

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