wayr today India

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  • Thread Factory Secures Pre-Seed Funding to Enhance Fashion Supply Chain Technology

    This article was generated by AI and cites original sources.

    A fashion supply startup, Thread Factory, has successfully raised Rs 1.5 crore in a pre-seed funding round led by Aviral Bhatnagar at AJVC. The funding will be used to strengthen its technology stack, expand its workforce, onboard additional retailers and manufacturers, and further develop a data-driven supply infrastructure for the apparel industry in India.

    Founded by Vivek Solanki and Paras Jindal, Thread Factory operates a B2B platform that connects independent apparel retailers with manufacturers nationwide. By facilitating a more efficient process for retailers to discover and source designs, and aiding manufacturers in production planning through enhanced demand visibility, the company aims to optimize the fashion supply chain.

    In India, where sourcing often occurs through informal channels like phone calls and WhatsApp, Thread Factory’s platform addresses existing inefficiencies that result in poor demand forecasting, inefficient procurement, and excess inventory for retailers. Through its platform, retailers can directly browse products, place orders, and generate transaction-level data, ultimately bringing greater intelligence to the supply side of the industry.

    The startup reports an annual recurring revenue (ARR) of approximately Rs 4 crore, with a notable 60% monthly repeat customer rate. Additionally, it has successfully onboarded over 40 manufacturers on its platform to date.

    AJVC, the early-stage investment firm led by Aviral Bhatnagar, continues to expand its investment portfolio across emerging startups in India, contributing to the growth and innovation within the tech startup ecosystem.

    Source: Entrackr : Latest Posts

  • Ola Electric Expands Nationwide Upgrade Program for Electric Vehicles

    This article was generated by AI and cites original sources.

    Ola Electric is expanding its ‘Ola Insiders’ upgrade program to over 150 cities, allowing 80% of customers nationwide to easily transition to the latest Ola electric vehicles. This strategic move follows a successful initial rollout and underscores Ola’s commitment to enhancing accessibility and adoption of electric mobility solutions.

    By extending the upgrade program to a broader geographical reach, Ola Electric aims to accelerate the transition towards sustainable transportation options on a national scale. The program’s expansion reflects the growing interest and demand for electric vehicles in India, driven by advancements in battery technology and a heightened focus on environmental sustainability.

    This initiative simplifies the process for existing Ola customers to embrace electric vehicles, contributing to reduced carbon emissions and promoting eco-friendly commuting practices across diverse urban landscapes.

    Source: Tech-Economic Times

  • Kaspersky Report Highlights Offline Cyber Threats Targeting Indian PC Users in 2025

    This article was generated by AI and cites original sources.

    A recent report by cybersecurity firm Kaspersky reveals that in 2025, nearly one-third of computer users in India fell victim to local cyber attacks, despite being offline. Kaspersky’s data shows that over 6.46 crore local incidents were blocked in India last year, with threats often delivered through offline mediums like USB drives and other removable media.

    These attacks, which included worms and file viruses, underscore the persistent risks faced by Indian computer users. Notably, cybercriminals are resorting to tactics like distributing fake versions of popular collaboration tools such as Microsoft Teams and Google Drive to deceive users into downloading malware. This malicious software aims to steal sensitive information like login credentials, banking details, and personal data.

    The rise in remote and hybrid work setups has provided cybercriminals with ample opportunities to exploit common tools and devices used daily by individuals. Kaspersky’s Managing Director for Asia Pacific, Adrian Hia, highlighted a significant surge in password stealers and spyware detections globally, alongside a notable increase in malicious files targeting the Asia Pacific region specifically.

    Source: Tech-Economic Times

  • Rocketlane Raises $60 Million to Enhance Agentic AI Platform Nitro

    This article was generated by AI and cites original sources.

    Rocketlane, a professional service automation (PSA) and customer onboarding platform, has raised $60 million in its Series C funding round to bolster its agentic AI platform Nitro. The funding, led by Insight Partners, will support the development of Nitro’s execution AI agents and the company’s global expansion efforts.

    Founded in 2020 by former Freshworks executives, Rocketlane introduced Nitro to utilize AI agents for risk detection and automation of tasks like migrations, configurations, and testing. Early results indicate a potential 50% reduction in delivery effort and improved risk management.

    Rocketlane’s CEO Srikrishnan Ganesan stated, ‘Our goal is to empower teams with the efficiency needed to thrive in the Outcome Era, where AI’s success is measured by completed work, risk mitigation, and revenue protection.’

    With the recent funding, Rocketlane aims to further enhance Nitro’s capabilities and cater to a broader market, focusing on enabling enterprises to streamline collaboration among employees, projects, and finances.

    Source: Inc42 Media

  • Dream Sports Expands into Stockbroking with Dream Street Platform

    This article was generated by AI and cites original sources.

    Dream Sports, the parent company of Dream11, is expanding its offerings by venturing into the stockbroking sector with the introduction of a new platform called Dream Street. This strategic move aims to diversify the company’s portfolio beyond gaming and position it to compete with established players like Groww and Zerodha.

    The launch of Dream Street follows Dream Sports’ recent foray into financial services with Dream Money, a wealth management platform introduced in August 2025. By leveraging its extensive user base cultivated through its fantasy sports ecosystem, Dream Street is expected to cater to retail investors.

    According to Moneycontrol, the first to report this development, Dream Sports has obtained all necessary licenses and is currently in the testing phase, anticipating a public release in the near future. Rahul Mirchandani, the chief product officer at Dream Sports, is set to lead the brokerage arm as its CEO.

    This initiative comes as Dream Sports undergoes a restructuring effort prompted by regulatory changes that impacted its core real money gaming business. Following a ban on real money gaming in August 2025, which led to revenue disruptions, the company has shifted its focus towards investment and wealth products.

    In financial terms, Dream11 experienced a 15% year-on-year decline in revenue, dropping to Rs 6,759 crore in FY25 from Rs 7,934 crore in FY24. This decline occurred before the ban on real money gaming, resulting in a Rs 479 crore loss in FY25 compared to a Rs 1,295 crore profit in FY24, attributed to a one-time tax expense and director benefits.

    Source: Entrackr : Latest Posts

  • Rapido’s Ownly App Aims to Offer Affordable Food Delivery in Bengaluru

    This article was generated by AI and cites original sources.

    Rapido, known for its ride-hailing services, has officially launched Ownly, a standalone food delivery app, to address the affordability gap in the Bengaluru food delivery market. The platform aims to provide ‘honest pricing’ and eliminate commission-driven markups that have led to higher meal prices on major delivery apps.

    This move comes as competitors like Swiggy and Zomato face stagnant growth and escalating fees. Ownly is strategically targeting the 70,000 Bengaluru restaurants not featured on major delivery platforms, focusing on offering low-cost, everyday meals to consumers.

    Rapido CEO Aravind Sanka explained that the platform is inspired by the company’s success in digitizing auto rickshaws without charging commissions. Sanka sees an untapped opportunity in the vast number of restaurants not yet accessible online. By catering to these establishments, Ownly aims to capture a market segment where traditional dining costs significantly less than ordering through existing platforms.

    With the average Indian dining-out expenditure at around ₹100 compared to the ₹400 average order value on established delivery services, Ownly’s approach seeks to make food delivery more accessible to a wider audience.

    Source: Inc42 Media

  • Apple Introduces Age Verification for UK Users to Enhance Online Child Safety

    This article was generated by AI and cites original sources.

    Apple has initiated the rollout of age verification requirements for its UK users through a recent software update. This move aligns with broader efforts by authorities to address concerns regarding online safety and children’s exposure to inappropriate content.

    As part of the software update introduced on Wednesday, Apple users in the UK will now encounter age checks to access certain features or content within the ecosystem. This step reflects Apple’s commitment to meeting regulatory demands and prioritizing user safety, particularly for younger individuals who engage with its products and services.

    By implementing these age verification mechanisms, Apple aims to create a more secure digital environment for its UK user base. While this development may impact user experience by adding an additional layer of authentication, it underscores the company’s proactive stance in addressing societal issues related to online interactions and content consumption.

    Source: Tech-Economic Times

  • Los Angeles Jury Delivers Verdict in Landmark Trial on Social Media Addiction Involving Meta and Google

    This article was generated by AI and cites original sources.

    A Los Angeles jury has reached a verdict in a significant trial focused on the impact of social media platforms, particularly Meta’s Instagram and Google’s YouTube, on user addiction. The outcome of this case highlights the growing concerns surrounding the addictive nature of these platforms and their influence on user behavior.

    The trial, which concluded on Wednesday, has drawn widespread attention to the tech industry’s responsibility in addressing issues related to user engagement and mental health. While the specifics of the verdict have not been disclosed, the decision is expected to have implications for how these tech giants approach the design and implementation of their platforms.

    As society grapples with the influence of social media on well-being, this trial serves as a reminder of the importance of ethical considerations in the development and deployment of technology. The verdict underscores the need for greater transparency and accountability within the tech industry, as it navigates the complex landscape of user engagement and addiction.

    Source: Tech-Economic Times

  • Infosys Expands US Presence with Acquisitions of Optimum Healthcare IT and Stratus

    This article was generated by AI and cites original sources.

    Infosys, the global technology services and consulting company, has announced significant moves to strengthen its presence in the US market. In all-cash deals, Infosys will acquire two American firms – Optimum Healthcare IT and Stratus.

    Infosys will acquire Optimum Healthcare IT, a prominent healthcare consulting firm, for $465 million. This acquisition marks Infosys’ strategic entry into the healthcare sector, expanding its service offerings in this critical industry.

    Additionally, Infosys will acquire Stratus, an insurance technology company, for $95 million. This acquisition aligns with Infosys’ focus on enhancing its capabilities in the insurance domain, diversifying its portfolio to cater to a broader range of client needs.

    These acquisitions not only strengthen Infosys’ foothold in the US but also position the company as a key player in the healthcare and insurance technology sectors. The moves underscore Infosys’ proactive approach to growth and innovation in the evolving tech landscape.

    Source: Tech-Economic Times

  • SLB and Nvidia Collaborate to Enhance AI Infrastructure for the Energy Sector

    This article was generated by AI and cites original sources.

    Oilfield services provider SLB is strengthening its partnership with Nvidia to develop advanced artificial intelligence infrastructure and models tailored for the energy sector. This strategic move aims to enable energy companies to process extensive datasets more efficiently, enhancing their operational capabilities.

    The collaboration will focus on optimizing AI algorithms and constructing adaptable AI data centers. The primary goal of this joint initiative is to drive operational efficiency and promote sustainability within the energy industry, leveraging the power of AI technology.

    Source: Tech-Economic Times