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  • Razorpay Enhances Payment Experiences with Anthropic’s Claude AI

    This article was generated by AI and cites original sources.

    Razorpay, a leading fintech company, has partnered with Anthropic to develop AI-powered payment agents using the Claude chatbot. These agents are designed to streamline various payment-related tasks, such as recovering abandoned carts, reattempting failed subscriptions, resolving disputes, and predicting cash flow scenarios.

    In addition to this initiative, Razorpay has introduced an AI-centric platform that empowers businesses to create customized payment agents, seamlessly integrate payment solutions, and facilitate in-app transactions across platforms like Zomato and Shopify.

    This collaboration between Razorpay and Anthropic represents a significant advancement in the application of artificial intelligence to financial technology. By leveraging Claude’s capabilities, Razorpay aims to enhance user experiences, optimize transaction efficiency, and provide businesses with a comprehensive suite of AI-powered payment solutions.

    Source: Tech-Economic Times

  • Replit’s Valuation Surges to $9 Billion: Insights into the Coding Startup’s Growth

    This article was generated by AI and cites original sources.

    The coding startup Replit has seen its valuation soar to $9 billion after a substantial $400 million funding round. This rapid growth, supported by investors like Georgian Partners, Shaquille O’Neal, and Jared Leto, highlights the platform’s increasing prominence in the tech industry. Replit’s user base includes 85% of the Fortune 500, showcasing its widespread adoption among major corporations.

    At the core of Replit’s offering is a platform that empowers users to develop software and AI applications efficiently. With an annual recurring revenue of $150 million, Replit has demonstrated its ability to generate substantial income while providing valuable tools for developers and businesses.

    This significant funding boost not only underscores investor confidence in Replit’s potential but also signals a growing demand for coding solutions that streamline development processes and enhance productivity. As the tech landscape continues to evolve, platforms like Replit play a crucial role in enabling innovation and driving digital transformation across industries.

    Source: Tech-Economic Times

  • Gupshup Appoints Ravi Dugar as Chief Financial Officer to Drive Conversational AI Expansion

    This article was generated by AI and cites original sources.

    Gupshup, a leading conversational AI platform, has appointed Ravi Dugar as its Chief Financial Officer, a strategic move to support the company’s future growth trajectory. Dugar, with close to twenty years of financial leadership experience in high-growth companies, will drive Gupshup’s financial planning, capital allocation, and investor relations.

    Prior to joining Gupshup, Dugar held key finance roles at Bharti Airtel and Livguard Energy Technologies. His most recent position as CFO at Awfis involved spearheading financial functions and preparations for the company’s public market debut in 2024.

    At Gupshup, Dugar will collaborate with the leadership team to steer strategic initiatives like partnerships, investments, and acquisitions to bolster the company’s conversational AI platform on a global scale.

    Founded by Beerud Sheth, Gupshup offers conversational AI solutions for marketing, commerce, and customer support, catering to over 50,000 businesses across 130 countries. The platform processes 120 billion messages annually through various channels including WhatsApp, voice, web, and mobile applications.

    Despite a recent restructuring that saw around 300 job cuts in 2024, Gupshup’s financial performance has been robust. The company reported revenue of Rs 1,619 crore and a profit of Rs 49 crore in FY23, and estimates suggest its FY24 revenue may have reached approximately $300 million.

    Gupshup’s strategic funding rounds, including becoming a unicorn after securing $100 million from Tiger Global in 2021, highlight its market prominence and growth trajectory within the conversational AI segment. By appointing Dugar as CFO, the company aims to fortify its financial standing and navigate towards sustained profitability amidst a competitive landscape.

    Source: Entrackr : Latest Posts

  • Green Frontier Capital Adjusts India Fund Amid Climate-Tech Sector Shifts

    This article was generated by AI and cites original sources.

    Green Frontier Capital, a venture capital firm focused on India’s climate-tech landscape, has announced the first close of its debut India fund. Managing Partner Sandiip Bhammer revealed that the firm has decided to resize the fund due to a decrease in high-quality investment opportunities within the climate-tech sector.

    This adjustment by Green Frontier Capital reflects the evolving dynamics of the climate-tech industry in India. Despite the initial momentum and interest in climate-focused investments, the current market conditions have necessitated changes in fund size to align with the available opportunities.

    By adapting its investment strategy, Green Frontier Capital aims to navigate the changing landscape of climate-tech in India effectively. The firm’s decision underscores the importance of flexibility and strategic realignment in response to market trends and investment prospects.

    As the climate-tech sector continues to evolve, the ability to assess and adjust fund size and focus becomes crucial for venture capital firms like Green Frontier Capital. This strategic shift highlights the necessity for adaptability and foresight in pursuing sustainable and impactful investments in India’s growing climate-tech ecosystem.

    Source: YourStory RSS Feed

  • Dream Sports Restructures Business Amid Regulatory Challenges

    This article was generated by AI and cites original sources.

    Dream Sports, the parent company of Dream11, has undergone significant operational changes in response to regulatory hurdles in the real-money gaming sector, resulting in the departure of over 100 executives.

    Since the ban on online gaming last year, Dream Sports has restructured its business into several startups, including Dream11, FanCode, DreamSetGo, DreamCricket, Dream Play, Dream Money, and Dream Horizon. A spokesperson from Dream Sports confirmed the reorganization to Entrackr, mentioning that employees from Dream11 were reassigned to these startups based on their expertise. Approximately 15% of the workforce opted to pursue opportunities at larger firms or launch their own ventures, leading to attrition rates slightly higher than the previous 10%.

    Currently employing around 950 individuals, Dream Sports has shifted its focus from fantasy gaming to become a global sports entertainment platform, offering creator-led watch-alongs, fan interactions, banter streams, and free-to-play fantasy formats.

    In financial terms, Dream11 experienced a 15% decrease in revenue, reporting Rs 6,759 crore in FY25 compared to Rs 7,934 crore in FY24. The company recorded a loss of Rs 479 crore in FY25, attributing this to expenses related to domicile shifts and director benefits.

    The ban on real-money gaming triggered a wave of layoffs across the sector, leading companies to explore ad-driven and subscription-based monetization strategies. Notable layoffs in the industry include Gameskraft, A23 Rummy, Zupee, MPL, Baazi Games, and Games24x7, with some entities also facing scrutiny from the Enforcement Directorate.

    Source: Entrackr : Latest Posts

  • Sarvam AI Launches Multilingual Voice AI Agents Across India

    This article was generated by AI and cites original sources.

    AI startup Sarvam AI has partnered with EkStep Foundation and AI4Bharat to introduce ‘Listen at Scale,’ a program that utilizes multilingual voice agents for seamless two-way conversations in various local languages across India. Within 31 days of its launch, the program successfully engaged approximately 50 lakh users in crucial sectors like healthcare, agriculture, and governance. This approach facilitated verification processes, enabled efficient feedback mechanisms, streamlined grievance redressal, and provided valuable policy insights.

    Source: Tech-Economic Times

  • Anthropic Launches Research Institute to Explore AI’s Societal Impact

    This article was generated by AI and cites original sources.

    Anthropic, a prominent player in the AI industry, has announced the establishment of the Anthropic Institute, a dedicated research center focused on investigating the societal implications of artificial intelligence. Spearheaded by co-founder Jack Clark, the institute’s primary focus will be on exploring the economic, social, security, and governance challenges associated with AI advancements, including job displacement and cybersecurity risks.

    The overarching goal of the Anthropic Institute is to generate valuable insights into the multifaceted impacts of AI on society. Beyond internal research efforts, the institute plans to collaborate with external organizations, fostering partnerships to drive a deeper understanding of AI’s implications. Moreover, the institute’s expansion into public policy work underscores Anthropic’s commitment to responsible AI development and deployment, particularly as the company progresses in creating advanced AI systems.

    Source: Tech-Economic Times

  • India’s Smartphone Export Incentives: Opportunities for Tech Manufacturers

    This article was generated by AI and cites original sources.

    India is set to introduce a new set of incentives aimed at boosting smartphone manufacturing, with a focus on tying government support to exports and promoting the use of locally sourced components. This initiative will replace the current Production-Linked Incentive (PLI) scheme, scheduled to conclude by March 31.

    The forthcoming incentives underscore India’s commitment to fostering a conducive environment for smartphone production and export. This move could particularly benefit tech manufacturers, as it aligns with broader industry trends emphasizing sustainability and reduced dependency on external sources.

    By incentivizing exports and encouraging the integration of locally made parts, India aims to enhance its position in the global tech supply chain. This shift not only promotes self-reliance but also opens up opportunities for tech companies to expand their manufacturing activities in the region and streamline their global supply chains.

    Source: Tech-Economic Times

  • Seekho’s Aggressive Marketing Strategy: A Tech Startup Analysis

    This article was generated by AI and cites original sources.

    Bengaluru-based short learning video platform Seekho has made headlines with its aggressive marketing strategy, spending over Rs 134 crore on advertising to boost its revenue in the fiscal year 2025. Seekho raised $28 million in September 2025, showcasing remarkable growth and a valuation of $180 million after a significant surge in operating revenue.

    Seekho, founded in 2020, offers educational content in various languages on topics like technology, business skills, and government exams, targeting students, professionals, and general learners. Subscriptions primarily drove revenue, with a portion coming from advertisements and non-operating sources like bank interest.

    Marketing expenses dominated Seekho’s financials, comprising 75% of total costs at Rs 134.2 crore, a substantial increase from the previous year. The company’s focus on scaling its platform through aggressive marketing led to a loss of Rs 38.8 crore despite robust revenue growth.

    With content creation costs being a small fraction of overall expenses, Seekho’s heavy investment in advertising raises questions about the sustainability of its business model. As the platform competes for viewer attention, the pressure to maintain success and potentially pivot towards more simplified content looms.

    Source: Entrackr : Latest Posts

  • KaarTech Secures $11M Investment to Accelerate Digital Transformation Services

    This article was generated by AI and cites original sources.

    Digital transformation consulting firm KaarTech has successfully raised $11 million in a recent funding round led by Playbook Partners, with participation from existing investor A91 Partners. The company, founded in 2006, specializes in helping enterprises transition from legacy systems to cloud-based infrastructure and develop AI-ready technology solutions.

    KaarTech offers a range of services, including cloud migration, data platforms, AI, automation, analytics, and managed services, primarily serving global clients in sectors such as aviation, energy, and government. The funding will support the company’s expansion efforts in North America and Europe, bolster hiring initiatives in these regions, and potentially facilitate strategic acquisitions to enhance its product offerings.

    Notably, KaarTech aims to achieve revenue exceeding Rs 1,000 crore in the upcoming fiscal year, showcasing its ambitious growth targets. The company’s revenue surged by 56.8% to Rs 718 crore in FY25, marking a significant increase compared to the previous fiscal year. KaarTech also achieved profitability in FY25, reporting a net profit of Rs 7.74 crore after registering a loss in the preceding fiscal period.

    With a strong foothold in international markets, including the Gulf region, North America, and Europe, KaarTech remains focused on delivering innovative digital solutions and driving value for its diverse clientele.

    Source: Entrackr : Latest Posts