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Category: Enterprise

  • Deloitte India Opens QCoDE Quantum Facility at IIT Bombay to Accelerate Enterprise Adoption

    This article was generated by AI and cites original sources.

    The News

    Deloitte India has launched a new quantum technology facility at IIT Bombay. The center, named QCoDE, is designed to increase quantum adoption among Indian businesses by linking industry needs with academic research and training, according to Tech-Economic Times.

    What QCoDE Will Do

    QCoDE functions as a platform where companies can explore quantum use cases and access collaboration pathways between industry and academia. The facility also serves as a workforce initiative, aiming to build a skilled workforce for quantum technologies in support of broader adoption goals.

    Industry-Academia Collaboration for Quantum Development

    Quantum systems require specialized hardware, experimental methods, and domain-specific engineering. QCoDE operates as a collaboration hub that connects research capabilities at IIT Bombay with enterprise priorities at Deloitte’s client organizations. The facility will support businesses in identifying and evaluating potential quantum applications.

    Alignment with India’s National Quantum Mission

    The initiative supports India’s National Quantum Mission and is intended to prepare businesses for future technological advancements. The facility represents a step toward moving quantum technology from early experimentation toward practical enterprise readiness through use-case exploration and talent development.

    What Comes Next

    Based on the described goals—use-case exploration, industry-academia collaboration, and workforce building—observers may watch for how QCoDE translates these activities into measurable outcomes for businesses. Future signals may come from announced collaborations, training programs, or documented quantum application trials.

    Source: Tech-Economic Times

  • Unity Software Inc Extends Partnership with Meta to Enhance VR Experiences

    This article was generated by AI and cites original sources.

    Unity Software Inc has announced the extension of its partnership with Meta, focusing on enhancing the next-generation VR experiences powered by Meta’s VR platform. This collaboration aims to further improve the capabilities and advancements within the virtual reality space.

    The extended partnership signifies a continued commitment from Unity to support Meta’s VR platform, underscoring the importance of integration and innovation in virtual reality development. By leveraging Unity’s software solutions and Meta’s VR ecosystem, users can expect more engaging VR experiences in the future.

    With Unity’s expertise in creating interactive content combined with Meta’s VR hardware and platform, this partnership paves the way for advancements in the VR landscape. Developers and users alike stand to benefit from the collaborative efforts driving the evolution of VR technology.

    This alliance cements the relationship between Unity and Meta, signifying a shared vision to enhance VR capabilities. As the realms of virtual reality continue to expand, the extended partnership between Unity Software Inc and Meta holds the promise of delivering innovative VR experiences to a broader audience.

    Source: Tech-Economic Times

  • Zoho Corporation Reports Revenue Growth in FY25

    This article was generated by AI and cites original sources.

    Indian tech firm Zoho Corporation has achieved a significant milestone by surpassing Rs 12,000 crore in revenue for the fiscal year 2025, marking a 17.8% year-on-year growth. However, the company’s profit remained stagnant during the same period.

    Zoho’s revenue doubled over the past three years, reaching Rs 12,313 crore in FY25, with its flagship products, ManageEngine and Zoho software, driving growth. The Zoho suite contributed 57% of total revenue, while ManageEngine accounted for 39%. Additionally, other income sources added Rs 1,231 crore, boosting overall revenue to Rs 13,544 crore.

    Geographically, North America led in revenue generation at 41%, followed by Asia and Europe. However, rising costs, especially in employee benefits and advertising, outpaced revenue growth, resulting in a slight profit decline to Rs 3,191 crore in FY25.

    Zoho’s strategic expansion beyond enterprise software includes the launch of Zoho Pay, a consumer payments app integrated with its chat platform, Arattai. Founder Sridhar Vembu transitioned to Chief Scientist, with Shailesh Kumar Davey appointed as the new Group CEO.

    Source: Entrackr : Latest Posts

  • Flipkart Appoints Hemant Badri to Lead AI Initiatives

    This article was generated by AI and cites original sources.

    Flipkart, a prominent e-commerce platform, has announced the appointment of Hemant Badri to lead its AI initiatives. Badri’s primary focus will be on identifying and implementing AI applications throughout the company. This decision, made in collaboration with CPTO Balaji Thiagarajan, aims to seamlessly integrate AI technology into customer interactions, seller tools, and internal operational processes to adapt to the evolving e-commerce landscape.

    Source: Tech-Economic Times

  • Exotel Acquires Dubverse’s Core Team to Enhance Voice AI Capabilities

    This article was generated by AI and cites original sources.

    Exotel, a provider of cloud telephony and communication solutions, has recently acquired the core team of voice AI startup Dubverse, including co-founders Anuja Dhawan and Varshul Gupta. This strategic move aims to enhance Exotel’s expertise in conversational intelligence and enterprise customer experience, strengthening its voice AI capabilities within the realm of enterprise communication solutions.

    Founded in 2011, Exotel has been actively incorporating AI-driven tools for customer engagement, and the integration of Dubverse’s proficiency in voice AI and conversational technologies is set to reinforce its position in this domain.

    Dubverse, known for developing AI-powered speech and audio solutions like multilingual voice generation tools tailored for enterprises, brings valuable expertise to Exotel’s tech portfolio.

    According to reports from Entrackr, Exotel has secured $100 million in funding across various rounds, with backing from notable investors such as Blume Ventures, A91 Partners, and Sistema Asia.

    Financial data indicates Exotel’s positive growth trajectory, with operating revenue reaching Rs 490.5 crore in FY25, marking a 10% increase from the previous fiscal year. The company also achieved a significant milestone by turning a profit of Rs 20 crore in FY25, a notable improvement from the Rs 37 crore loss in FY24.

    Source: Entrackr : Latest Posts

  • TikTok Announces €1 Billion Investment in Second Data Center in Finland

    This article was generated by AI and cites original sources.

    TikTok has announced plans to invest 1 billion euros ($1.16 billion) in constructing a second data center in Finland within a year. The move aims to shift data storage for European users to the continent, according to company officials.

    This significant investment underscores TikTok’s commitment to enhancing data security and localization for its users in Europe. By establishing a new data center, TikTok seeks to bolster its infrastructure and ensure compliance with regional data protection regulations.

    With data privacy becoming an increasingly critical concern, TikTok’s decision to build a state-of-the-art facility in Finland reflects the company’s approach to safeguarding user data and fostering trust among European users.

    Source: Tech-Economic Times

  • Policybazaar Announces Leadership Transition as Tarun Mathur Resigns as CEO

    This article was generated by AI and cites original sources.

    Tarun Mathur has announced his resignation as the chief executive officer and principal officer of Policybazaar, a subsidiary of PB Fintech, effective from April 7 due to personal commitments, according to a regulatory filing.

    Succeeding Mathur, Sajja Praveen Chowdary has been appointed as the new principal officer, CEO, and whole-time director of Policybazaar. Chowdary, who has been with PB Fintech since 2011, currently leads Policybazaar for Business, focusing on corporate and SME insurance as well as reinsurance solutions. With a background spanning business management, product, and technology, Chowdary has been instrumental in expanding Policybazaar’s retail insurance offerings like motor and term life, introducing customer-centric solutions.

    Chowdary, with over 17 years of experience in e-commerce, holds a postgraduate degree in marketing from IMT Ghaziabad and a BTech in electronics and communications. Mathur, an 18-year veteran at Policybazaar, held various leadership roles, including co-founder and chief business officer, overseeing areas such as analytics, revenue management, and life insurance strategies.

    Source: Entrackr : Latest Posts

  • Government e-Marketplace GeM Facilitates Transactions Worth Rs 5.03 Lakh Crore in 2025-26

    This article was generated by AI and cites original sources.

    The Government e-Marketplace, known as GeM, facilitated transactions amounting to over Rs 5 lakh crore during the fiscal year 2025-26. While this figure reflects a slight decrease compared to the previous year, it underscores the platform’s continued importance in streamlining government procurement processes. The reduced participation from the coal ministry was noted as a key contributor to this slight drop in transaction volume. GeM’s ongoing efforts to enhance its functionality have included the introduction of new features such as multi-currency bidding and global tender inquiries, aiming to further improve the efficiency and transparency of transactions.

    One notable aspect is the substantial impact on micro and small enterprises, with over 11 lakh such businesses registered on the platform receiving significant orders. This highlights GeM’s role in fostering opportunities for smaller entities to engage in government procurement activities, potentially boosting their growth and sustainability.

    Source: Tech-Economic Times

  • WeWork India Expands Flexible Workspace Offerings in South India

    This article was generated by AI and cites original sources.

    WeWork India, a prominent player in the flexible workspace sector, is expanding its presence in South India. The company has secured over 7 lakh square feet of office space in key cities like Bengaluru, Hyderabad, and Chennai. This expansion will see the establishment of five new co-working centers, providing around 12,000 desks to accommodate the needs of enterprises and growing businesses. With this move, WeWork India’s footprint now extends to eight cities across the country.

    Source: Tech-Economic Times

  • Everstone Capital Invests $150 Million in Wingify, Boosting Digital Experience Optimization Tech

    This article was generated by AI and cites original sources.

    Software company Wingify has secured Rs 1,381 crore in a recent funding round, with Everstone Capital leading the investment. This significant investment comes as Wingify announced a merger with AB Tasty, positioning the combined entity to become a key player in the global digital experience optimization market. Existing shareholders also participated, further reinforcing the company’s growth trajectory.

    This infusion of funds underscores the growing importance of digital experience optimization technologies in today’s competitive business landscape. Wingify’s strategic moves, including the merger and substantial investment, signal a commitment to enhancing its technological capabilities and expanding its market reach. The partnership with Everstone Capital is set to fuel Wingify’s continued innovation and development efforts, driving advancements in digital experience optimization tools and services.

    As businesses increasingly prioritize enhancing customer interactions and optimizing digital touchpoints, investments in firms like Wingify highlight the industry’s recognition of the pivotal role that technology plays in delivering superior user experiences and driving business success.

    Source: Tech-Economic Times