Feb 6, 2024 | Uncategorized
InsideFPV, a leading deep-tech drone manufacturing company, proudly announces the launch of its groundbreaking Make in India Elevate V1 Series. InsideFPV provides drones that empower its users to engage in cinematography, and STEM education, enhance surveillance capabilities, and agriculture, and capture first-person view videos that were once out of their reach. The company’s market scope encompasses various sectors, including Government Contracts and Defence, Agriculture, Commercial Sectors, and Surveillance.
The highly anticipated Elevate V1 Series drone is competitively priced at INR 1.5 Lakh and to celebrate the launch, the first 100 customers will get it at a special price of INR 95,000 and it will be available on InsideFPV’s website as well as popular e-commerce platforms like Amazon and Flipkart, ensuring widespread accessibility across India.
Drones are majorly used in commercial, military, and agricultural applications, due to the perception of high cost of ownership. InsideFPV, with its innovative technology, aims to bridge this gap by offering one-of-a-kind Plug and Fly FPV (First Person View) feature-rich drones to consumers at an affordable price point.
Arth Chowdhary, CEO, InsideFPV says, “The Indian Drone market is fast emerging as the regulations around drone usage are relaxed and consumer acceptance is increasing. Our perspective is clear: drones, especially in the consumer, agricultural, and defence space, are not only the technology of the future but the revolution of the present. We see a world in which drones are indispensable to day-to-day activities, revolutionizing everything from security, and cinematography to agricultural management. This is a fundamental shift, not merely a commercial trend, and we are in the vanguard, prepared to spearhead the movement.”
Suresh Krishna Bandi, Associate Vice President – Programs & Partnerships, I-Venture at ISB, Hyderabad says, “As one of the early investors and longtime patron of InsideFPV, very much excited with the unveiling of the Elevate V1. Having witnessed the company’s consistent growth and commitment to excellence since its inception, I am eagerly anticipating the market impact of this revolutionary product. InsideFPV’s ability to captivate and retain a loyal customer base, assures me of the potential success that the Elevate V1 is poised to bring. Excited to be part of this journey and witness the positive trajectory.”
Key Features of the Elevate V1 Series:
- The drone comes with a set of in-app features, including follow me, rocket, dronie, boomerang, flight point, flight route, circle, helix, panoramic, gesture photography, and delay shouting.
- The drone features 4K high-definition video recording, a 20-megapixel camera, a 3-axis gimbal camera stabilization system, remote and app control, a 105-minute* flight time, a GPS positioning system, obstacle avoidance, level-7 wind resistance, and a removable/replaceable battery.
Video highlighting/showcasing functionalities of the drone – https://www.youtube.com/watch?v=TJBwoQwfKGk
InsideFPV recently raised Rs 3.5 crore in a seed funding round led by Inflection Point Ventures and will utilize the amount for product development, marketing, and research. Founded in July 2020, InsideFPV has successfully established itself as a pioneer in the drone industry, boasting a strong community of over 28,500 trusted members, and 25+ drone experience arenas across India. The company has also been featured on Shark Tank India, Zee TV Naya Bharat, and TedX.
Drone market in India
In 2024, the drone market in India is poised to generate a revenue of $27.0 million, with an annual growth rate of 5.96% projected for the years 2024-2028. However, when compared globally, China outshines other nations, anticipating a staggering $1,526.0 million in revenue in 2024. Looking ahead, the volume of the drone market in India is expected to reach 75.8 thousand units by 2028, with a notable volume growth of 6.6% predicted for 2025. This surge is attributed to the increasing adoption of drones for agriculture, leading to a revolutionary transformation in farming practices across the country.
Feb 5, 2024 | Uncategorized
Landmark Group, a leading retail and ecommerce conglomerate in the GCC, has entered into a strategic partnership with Addverb, a global leader in robotic and automation solutions, to modernise its Fulfilment centre in Kuwait.
With an established legacy, Landmark Group has consistently pioneered consumer experiences across MENA, India and Southeast Asia.
The integration of Addverb’s cutting-edge automation into the group’s Kuwait fulfilment centre not only enhances operational efficiency but also reinforces Landmark Group’s standing as an industry leader dedicated to delivering unparalleled customer satisfaction through ongoing innovation and strategic partnerships. The fulfilment centre now features an innovative automation solution, including a fleet of Zippy, Addverb’s robotic sorters, with a system throughput of up to 1,000 sorts per hour. Additionally, the centre utilises Quadron, Addverb’s carton shuttles, each boasting a throughput of up to 100 crates per hour.
In this innovative collaboration, the order fulfilment process begins with careful categorisation of items into bulky & non-bulky category. Post this, an automated conveyor is used to transfer non bulky items to get it sorted via Zippy system and move to the pack station. Additionally, mechanisms are defined in system for integrating bulky & non-bulky items at pack stations.
Addverb takes pride in contributing to Landmark Group’s vision for a future-ready fulfilment centre. This partnership exemplifies Addverb’s commitment to pioneering intelligent automation solutions that empower businesses to thrive in the digital age.
“Creating an adaptive and agile supply chain is part of our supply chain vision. We are happy to collaborate with Addverb to elevate our Kuwait fulfilment centre operations,” said Pawan Kaura, Head Ecommerce Operations, Landmark Group. “The integration of warehouse automation not only enhances our operational efficiency but also ensures that our customers receive their orders accurately and promptly. This investment in automation aligns with our commitment to delivering unparalleled service and experiences.”
“Partnering with the Landmark Group fills us with immense pride. This synergy reinforces our commitment to delivering state-of-the-art automation solutions and amplifies our dedication to efficiency, reliability, and accuracy. Landmark Group brings a wealth of expertise and a legacy of excellence to this strategic partnership. This collaboration is a testament to the trust and confidence that industry giants place in Addverb.” mentioned Pieter Feenstra, CEO of Addverb EMEA.
Feb 5, 2024 | Uncategorized
Livguard, a pioneer in the energy transition sector, is showcasing a spectrum of groundbreaking products and solutions at the ongoing Bharat Mobility Expo in New Delhi at Pragati Maidan. With a strategic focus on electromobility and battery storage solutions, Livguard is driving the transition from traditional energy paradigms to cutting-edge technologies.
Livguard’s exhibition spotlights a range of products designed and manufactured in India, each representing the latest in technology, having either been recently launched or scheduled for launch in the coming months. The core emphasis is around accelerated energy transition, with a key emphasis on electromobility and battery storage solutions.
Livguard presents a comprehensive display of batteries, featuring the safest chemistry available in India. Among the highlights is the unveiling of Livguard’s indigenously designed lithium-ion phosphate (LFP) cell technology, the first Made-in-India LFP cell certified by ARAI. Additionally, the company is set to launch new batteries in the coming days, reinforcing its commitment to advancing battery technology domestically. The company boasts a robust R&D team of 200+ engineers dedicated to designing and engineering solutions within the country. Livguard’s commitment goes beyond “Made in India” to “Designed in India.”
Gurpreet Bhatia, CEO of Livguard said, “Livguard is not merely introducing products, we are revolutionising the entire ecosystem of electromobility in India. Our integrated solutions, from batteries to drivetrain, coupled with advanced analytics, represent a leap towards a greener and more efficient future that is Conceptualised, Designed and Manufactured in India.”
Livguard takes pride in its fully homegrown Battery Management System, developed over the past four years in India. It offers state-of-the-art battery health monitoring and enhances battery life and safety.
The focus of the exhibit is to present solutions beyond physical products to Battery Intelligence. The new-age batteries showcase real-time analytics and AI-driven insights. The platform predicts the remaining charge, monitors battery health, and detects potential abuse conditions, ensuring optimal performance and safety for users with features to remotely disable battery in case of abuse situations. Livguard’s cloud-based solutions have been instrumental in managing a deployed base of over 50,000 batteries, generating invaluable intelligence about usage patterns and optimizing performance.
Addressing the need for rapid adoption of electric mobility, Livguard has also developed battery-swapping stations. These stations facilitate quick turnarounds for fleet-based applications, ensuring efficient use of assets. Livguard’s customers plan to install over 500 swapping stations in the next year, initially in Delhi, Pune and nearby areas, with plans for further expansion post the pilot phase.
The exhibition is also witnessing Livguard’s drivetrain solutions, representing a shift from traditional combustion engines to motors and electronics. The portfolio includes drivetrain solutions in e-Rickshaws, two-wheelers, and three-wheelers. Livguard’s focus on sustainability extends to its drivetrain solutions, featuring motors with reduced magnet usage. The company is actively developing motors that eliminate the need for rare earth magnets. This commitment aligns with Livguard’s overarching goal of providing efficient, sustainable, and environmentally conscious electromobility solutions.
Feb 5, 2024 | Uncategorized
South Indian Bank, a private sector bank in India, announces the Grand Finale winners of the ‘SIB Ignite Quizathon’ – a National Level Quiz Competition held at St Joseph’s University, Bangalore.The prestigious title of the National Champion was earned by Team Qurious Docs (Gauhati Medical College And Hospital), for demonstrating exceptional knowledge and agility, and was awarded a grand prize of Rs. 1,50,000/-. Team Neanderthals (LNMIIT Jaipur) secured the second prize of Rs. 1,00,000/- while the third prize of Rs. 60,000/- was awarded to Team Cuizzzers (Christ University) for their remarkable performances.
The Grand Finale, held at St Joseph’s University, flagged off with an introductory address by Mr. Thomas Joseph K, Executive Vice President and Chief Business Officer of South Indian Bank. Setting the stage for the event, Mr. Gyanendra Kumar Gangwar IAS, Managing Director of Karnataka Food and Civil Supplies Corporation Ltd, delivered an insightful keynote address, followed by a special address from Rev. Dr. Fr. Victor Lobo SJ, Vice Chancellor of St Joseph’s University. The other prominent attendees also included Mr. Sony A, SGM & CIO, South Indian Bank, Ms. Azmat Habibulla, Joint General Manager & Chief Marketing Officer, South Indian Bank, and Ms. Rekha VR, Regional Head – Bangalore, South Indian Bank.
Mr. Thomas Joseph K, Executive Vice President and Chief Business Officer, South Indian Bank said, “The SIB Ignite Quizathon stands as a testament to South Indian Bank’s unwavering dedication to fostering intellectual curiosity and knowledge among the youth. This competition serves as a platform that tests the participant’s cognitive abilities and encourages them to delve into a diverse range of subjects. The outstanding performances witnessed during the event prove the depth of talent that thrives among the young minds of our nation. South Indian Bank is committed to engaging with the youth and reinforces its dedication through the SIB Ignite Quizathon. This initiative marks a strategic step towards nurturing young minds and establishing lasting connections with the vibrant generation of tomorrow.”
The SIB Ignite competition aimed to captivate and inspire college students nationwide, providing a platform for them to exhibit their general knowledge and enrich their understanding of diverse subjects. The competition comprised of three rounds, starting with a preliminary qualifying round held online for teams across the nation. The winners of the preliminary round proceeded to zonal rounds and the subsequent winners, thereon to the Grand Finale for the coveted title of national champion. The grand finalists included Team Mark Men (IIM Ahmedabad), Team Cuizzzers (Christ University), Team Neanderthals (LNMIIT Jaipur), Team Qurious Docs (Gauhati Medical College And Hospital), Team TURING (RTM Nagpur University), Team Batman & Robin (IIT Palakkad), Team Keynesians (St Berchmans College Changanassery), and Team RM Girls (Pope John Paul II College of Education).
South Indian Bank remains dedicated to fostering knowledge and for providing a platform for young minds to shine. The success of the SIB Ignite Quizathon underscores the Bank’s commitment to education and the promotion of intellectual growth. The ‘SIB Ignite Quizathon’ featured Pinnacle as the associate partner, BrainQuest as the Knowledge Partner, and St. Joseph’s University as the Institution Partner.
Feb 5, 2024 | Uncategorized
QritiveTM, a leading provider of AI solutions for pathology labs worldwide, proudly announces its partnership with three esteemed diagnostic centres and hospitals in India: Metropolis Healthcare, Rajiv Gandhi Cancer Institute and CŌRE Diagnostics. These institutions have embraced PantheonTM image management system (IMS) and Qritive’s AI products, marking them as trailblazers in the adoption of artificial intelligence in pathology workflows.
The integration of Qritive’s AI technology into the diagnostic processes of these world-class diagnostic centres and hospitals represents a significant leap forward in the modernization of pathology practices. By leveraging the power of artificial intelligence, these institutions are enhancing diagnostic accuracy, improving operational efficiency, and ultimately advancing patient care.
Commenting on the partnership, Mr Surendran Chemmenkottil, CEO, of Metropolis Healthcare, stated: “As we embark on this transformative journey with Qritive, we are enthusiastic about the immense potential it holds for advancing our capabilities in pathology. The integration of Qritive’s AI-powered platform into our workflows signifies a revolutionary step in enhancing precision, timeliness, and personalized diagnosis. This collaboration reinforces our commitment to setting a new standard in cancer care, particularly in supporting clinicians in making effective treatment decisions for prostate cancer detection.”
“Qritive is proud to have the opportunity to work alongside such forward-looking healthcare institutions, seizing the power of AI to improve patient outcomes and concurrently enhance the life of their pathologists. Our whole team is eager to showcase how deep tech will support clinicians and contribute to “closing the gap” in cancer care, meeting the aspirations of the World Cancer Day of February 4th.” said Bruno Occhipinti, CEO of Qritive.
“We’re thrilled to partner with Qritive, integrating their advanced AI solutions into our pathology workflow at CŌRE Diagnostics. This collaboration will strengthen our diagnostic precision, resulting in improved patient outcomes, and reaffirm our dedication to delivering excellence in clinical care. The collaboration also has the potential to lead to the development of new AI services for the diagnosis of rare diseases.” said Mr Dinesh Chauhan, CEO of CŌRE Diagnostics.
The implementation of Qritive’s AI-powered platform significantly transforms pathology workflows. Clinical studies carried out at prominent healthcare institutions reveal up to 90% reduction in the time needed for diagnoses and up to 80% decrease in discordance among pathologists. Such improvements lead to increased diagnostic accuracy and an overall enhancement in the quality of care for cancer patients.
“Qritive’s IMS and AI modules have enhanced our pathology practice at RGCI. With efficient identification of concerning areas and precise grading, integrating these tools has enhanced our workflow and diagnostic precision, offering significant benefits to our practice.” – Dr Gurudutt Gupta, HOD Pathology at Rajiv Gandhi Cancer Institute Research Centre.
Feb 5, 2024 | Uncategorized
DevX, Gujarat’s largest Managed Office Space provider, today announced that it has raised funding of $ 7 Million with a mix of equity & debt split equally. Family offices such as Urmin family office, Gala family office, Bidiwala family office already on captable participated in the equity round, which showcases testimony to the growth model, alongwith HNIs like Ajay Patel, Mitesh Patel and Soham Mehta; while Debt funding was provided by Banks & NBFCs.
Gujarat’s leader in the Managed office space segment, DevX is a co-working space cum accelerator founded in September 2017 by 3 entrepreneurs. The company was envisioned as a Startup Accelerator focussed on nurturing innovative startups by providing them with all requirements. Positioning DevX as an equal partner in growth, the company supports through their allied strategic partnerships and services. The different initiatives of DevX are thus structured to build synergies, enabling cross-pollination of ideas as a means of collaborative growth and development. The company’s initiatives address different requirements across the value chain.
Speaking on the funding, Mr Umesh Uttamchandani, Co-Founder – DevX said, “This funding comes at a time when we are bullish on growth in both the national domestic & global markets. The funds will be deployed for giving further impetus to our national and global expansion goals. For India, this infusion of funds gives us the boost to add more inventory to grow vertically across cities – signing up Assets with more than 2 lakhs sq feet. Putting in place even stronger governance practices; we plan to get listed next year and also build a Proptech solution for design & build offering. We are proud to be setting standards for the segment to aspire to; with our stated business goal of being the partner of choice for GCCs (Global capability Centres) & ODCs (Offshore Development Centres). Growth-centric corporates are increasingly opting for managed workspaces, which perfectly meshes with our philosophy of offering best-in-class work-space experiences at competitive pricing.”
Opining on the event, Mr Devansh Majithia, Urmin Family Office said, “We are proud, yet again, to be part of this funding round. DevX’s innovative approach to providing an immersive, value drive experience for its tenants perfectly aligns with our own Investment philosophy. Their track-record of sustained growth and in-depth domain expertise have been core factors in driving our participation in this funding round”.
As a core part of the ecosystem, DevX also provides, round the year, a platform for industry, academia, professionals and companies to hold hackathons, seminars, events etc…to address trends and issues. The company is planning further expand and thus consolidate it’s pan-India presence by 2023 end.
