Month: December 2022

eBay India Participates in the 6th Edition of Payoneer’s Forum

eBay, a global eCommerce leader connecting millions of buyers and sellers worldwide, announced that it participated in the 6th edition of the Payoneer Forum event as an ‘export partner’ this season. The Payoneer Forum is aimed at empowering India’s exporters to further expand their footprint across international markets. This year, the Payoneer Forum was spread across seven cities – New Delhi, Roorkee, Ludhiana, Jaipur, Surat, Mumbai, and Indore from 11th November to 10th December.

 

As an event partner, eBay set up a company stall across all the cities, which witnessed a footfall of 1000+ attendees. Through this, the company engaged and interacted with cross-border sellers who attended and highlighted the ease of doing international business through eBay.

 

Commenting on this, Pavan Ponnappa, Head – Categories, Acquisition & Marketing (India – Cross Border Trade), said, “This year, the world witnessed India’s enormous growth potential in the exports sector as it saw increased traction from across the globe. We, at eBay, remain deeply committed to our mission to enable local sellers to make their mark and succeed beyond borders. We are happy to engage with a partner like Payoneer, for such events, which are aimed at educating sellers from all over the country and providing them with the right guidance to expand their business globally.”

 

Nitesh Maheshwari, Head of Marketplace Experience (India & SEA) at eBay said, “Our constant endeavor at eBay is to provide the right direction to Indian sellers, enabling them to put their best foot forward in the global markets. By participating at the Payoneer Forum as an export partner, we took another step in the direction to enrich local sellers with the dynamic know-how of cross-border exports.”

 

The Payoneer Forum featured several interactive keynotes, eCommerce masterclasses and panel discussions featuring notable industry thought leaders. The key conversations revolved around how India is making its mark on the world stage, an elaborate discussion on global shipping, enhancing customer experience through efficient deliveries, and more.
 

Commenting on this, Gaurav Shisodia, Country Manager at Payoneer, said, “Payoneer and eBay are aligned in enabling Indian exporters to scale their businesses globally. Having eBay as a partner at Payoneer Forum 2022 helped us in solidifying our shared mission. We at Payoneer empower Indian SMBs to reach 190+ countries & territories and conduct business in 150+ currencies. The company supports small and medium businesses in expanding globally and accelerating their growth. We are happy to have eBay as a partner and look forward to more such fruitful partnerships in the near future.”

 

As of Q3 2022, eBay’s marketplace has 135 million active buyers who are consistently witnessing a rise in demand for their products from over 190 countries. In India, the most popular categories are fine jewelry, home, health & beauty, electronics, business & industrial, clothing and footwear, and auto parts & accessories. In India, eBay is also enabling the growth of sellers through initiatives such as the recently launched Global Xpansion Program (GXP), curated exclusively for Indian brands, aggregators, and manufacturers to provide support in scaling their business beyond borders. The company also announced the expansion of its authentication service to the fine jewelry category. With this service, shoppers can now browse and buy from a selection of new and pre-owned fine jewelry which is verified by industry experts, thereby confirming its originality and consistency with the listing title, description, and image.

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(Disclaimer: The above press release comes to you under an arrangement with NewsVoir India and this publication takes no editorial responsibility for the same)

The Top 3 Best Places to Work in India for 2022 revealed

NEW DELHI, Dec. 23, 2022 /PRNewswire/ — Zoetis, Novo Nordisk and OneMagnify are recognized as the top 3 best places to work in India for 2022 according to the annual prestigious “Best Places to Work” certification program. Best Places to Work is an international certification program, considered as the 'Platinum Standard' in identifying and recognizing top workplaces around the world, providing employers the opportunity to learn more about the engagement and the satisfaction of their employees and honour those who deliver an outstanding work experience with the highest standards in regards to working conditions.

Zoetis, an affiliate of the global animal health company, was awarded the top position followed by Novo Nordisk India, an affiliate of the global healthcare company with more than 95 years of innovation and leadership in diabetes care. Onemagnify, a multidisciplinary marketing and communications company, came in the third position.

In a statement from Vikrant Shrotriya, CVP and General Manager for Novo Nordisk India, he said “Our employees are the pillars that drive Novo Nordisk's purpose in serving patients. Knowing that our employees are happy, committed & empowered, gives me great pride and ensures that we continue to upkeep our purpose. This achievement is a testament to this commitment. Together we have created a Best Place to Work and Best Place to Work for Women. Congratulations Novo Nordisk India and our journey continues”

Despite the challenges faced globally around employee turnover and declining engagement level, the average level of engagement of the top performing companies in India is 84% and this is something to be proud of. This achievement inspires strong commitment and superior performance

through excellent people practices which enhance long-term success and sustainability.

Every year in India, the program partners with many organizations, across different industries, to help them measure, benchmark, improve their HR practices and use data-driven insights to add value, enhance agility, and increase organizational effectiveness.

For more information about the program, please visit www.bestplacestoworkfor.org

CisionView original content:https://www.prnewswire.com/in/news-releases/the-top-3-best-places-to-work-in-india-for-2022-revealed-301709322.html

(Disclaimer: The above press release comes to you under an arrangement with PRNewire India and this publication takes no editorial responsibility for the same)

Powerhouse Ventures Leads USD 1.1M Round into Bigyellowfish, an Employee Experience Platform


Powerhouse Ventures is joined by other institutional investors, including Innoport and Anicut Capital, to accelerate the company's rapid growth


Leading employee experience platform, Bigyellowfish, has secured USD 1.1 million as part of its seed funding to fuel the next level of growth and product evolution. Powerhouse Ventures led the investment with participation from Anicut Capital (Through their Angel Fund) and Innoport. The capital will be used for global sales & marketing, scaling up software and platform capabilities, and R&D to speed up innovation and enhance the company's global reach.

 

Bigyellowfish currently services clients across the EU, UK, and Singapore, known to be global epicenters of safety-critical markets. Starting operations in 2019, Bigyellowfish has grown 4X since 2020. The company plans to double down and increase revenues from safety-intensive industries like maritime, aviation, oil & gas, manufacturing, and logistics and expand its operations across the US and the Middle East in the coming years. Global Safety Tech & Engagement market opportunity is pegged at around USD 21 Billion, growing at a CAGR of 7.5%, and it is this market opportunity that Bigyellowfish has targeted as its Launch Addressable Market.

 

Soma Sundar Gollakota, Co-founder of Bigyellowfish Technologies, commenting on the capital raise, said, “We are excited to have our investors onboard, believing in our vision and supporting us in this journey as we take the next leap towards growth.” His partner and Co-founder of Bigyellowfish, Kunal Pancholi, further added, “We are doubly happy that clients have recognized the uniqueness and effectiveness of our platform to add value to their safety & behavioral risk management goals.”

 

“We are delighted to back Soma and Kunal as they continue to help global companies digitize their employee engagement and deliver measurable business results that impact their safety, employee engagement, development & retention goals. Bigyellowfish's experience in working with some of the largest companies in the Shipping & Maritime sectors positions them well to enter other safety-critical industries where the need for superior employee experience solutions is immense,” stated Kshitij Golwalkar, General Partner, Powerhouse Ventures.

 

“With our investment into Bigyellowfish, we will empower organizations and their leaders to engage with their employees proactively to improve and enhance well-being, engagement, and training. As part of the maritime Schulte Group, we see these essential factors closely correlated with the performance and safety of our owned and managed vessels. We congratulate Bigyellowfish on this recent fundraise and look forward to being part of their successful growth and expansion,” said Haymon Sinapius, Investment Manager of Innoport, the venture capital unit of the Schulte Group.

 

Commenting on the fundraise Ashvin Chadha, Managing Partner, Anicut Capital said, “The employee well-being and engagement market in India primarily overlooks the sector which involves severe mental stress, isolation, and trauma arising due to the nature of the work. We have rarely encountered any company solving this issue and were quite intrigued by BYF's offering. BYF is the best team to embark on this endeavor, as the promoters have experienced firsthand the hazards of working in such highly demanding jobs. With this investment, we intend to help organizations understand the importance of putting their employees' well-being, engagement, and training at the forefront. We congratulate the team and wish them the best with their plans to take Bigyellowfish to the next level.”

 

Bigyellowfish' SaaS platform is the preferred choice for CEOs and business leaders seeking to digitize their Employee Experience (EX). It is a novel approach to managing, securing, and protecting the human workforce in safety-critical industries leveraging Behavioural Psychology, Data Analytics (AI), and Gamification (Nudge Mechanics). Its solution module includes Workplace well-being, Collaboration & Re-enforced learning.

 

The company enables business leaders across Safety, HR, Operations & Asset Management with predictive signaling & decision support mechanisms that are valuable in decisions related to the human element at work. Bigyellowfish was founded in 2019 by Master Mariner Soma Sundar Gollakota and Entrepreneur Kunal Pancholi. The company presently counts major global maritime and shipping companies as clients.

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(Disclaimer: The above press release comes to you under an arrangement with NewsVoir India and this publication takes no editorial responsibility for the same)

FlowerAura Expecting Record Selling Of Christmas Products in 2022

GURUGRAM, India, Dec. 22, 2022 /PRNewswire/ — After considerably analyzing the trends in user demands and searches, FlowerAura has projected to register record numbers for Christmas 2022. The brand is in a fit state to entertain the orders and is currently running campaigns at their full potential.

Gifting is an industry requiring a lot of flexibility in terms of adapting to changes in market trends and customer behaviour parallel to the self push of continuously bringing new and exciting things to the market. After being in the business for quite a good time, FlowerAura acknowledges it and acts accordingly. The gifts for Christmas 2022 launched by the gifting giant caters a lot to what people are looking for. “Early Christmas trends have provided us with around 120% growth in our website traffic which speaks quite a lot about our clear expectation of record sales this year. We tried to go into the skin of customers and curated our collection of gifts and other products for Christmas accordingly. The decor is an inseparable part of Christmas, which we have touched more profoundly this time with beautiful specific decorations and by adding the usefulness element to them. We are quite positive about expanding our 20% incline in orders that we registered in 2021 in comparison to 2020, to many folds,” quoted Shrey Sehgal, Co-founder of FlowerAura.

The brand is betting upon 200+ SKUs for the winter festival that is celebrated worldwide. Whilst Christmas cakes, photo gifts, and decorations are major parallel categories; considerable prominence is given to Christmas hampers. Through a network of company-owned stores, franchise stores, and party vendors, gift delivery services are brought to operation in 600+ cities across India. Foreign locations like the USA, UK, Canada, Australia, Singapore, and UAE are covered through International delivery service as the number of Indians residing in these countries is quite high.

FlowerAura continuously upgrades its gift collection and comes up with something special and a hit every year. The tier 1 cities, Delhi, Noida, Faridabad, Gurgaon, Hyderabad and 87 more cities, are marked for the availability of same-day delivery service. Delicious plum cakes, Christmas special plants always remain the highlight of every year's Christmas campaign from FlowerAura, and more delicious and advanced cakes are added this year. 

(Disclaimer: The above press release comes to you under an arrangement with PRNewire India and this publication takes no editorial responsibility for the same)

TVS Credit Provides Vocational Skills and Livelihood through its Community Support Initiative ‘Saksham’

This initiative was launched in 2018 and has been skilling school dropouts and unemployed youth


TVS Credit Services Limited, one of India's leading NBFCs, recently launched a new batch of students for vocational training and livelihood courses under its community support initiative, 'Saksham'. This initiative resonates with the brand's mission of Empowering India.

 

Since 2018, the programme has been implemented in collaboration with the NGO 'Yuva Parivartan' across seven locations pan-India, impacting the lives of more than 750 people. The courses include sales associate/retail sales, computers, tally/account executive, nursing assistant, wireman, vocational training like tailoring, beautician, and farm-based courses, including vegetable farming, organic farming, and vermicomposting, among others.

 

Commenting on the initiative, Charandeep Singh, Head of Marketing at TVS Credit, said, “In line with our mission of Empowering India, we are furthering this commitment with the self-development courses under the Saksham initiative, which has been providing stable livelihood opportunities in multiple disciplines. Our aim is to not just fulfil aspirations of our customers through our thoughtfully designed products but also to empower their communities through such initiatives.”

 

The Basic Computer and Tally courses offered under Saksham are designed in such a way that narrows the digital literacy gap and also paves the way for tech-centric livelihood opportunities. To date, Saksham has nurtured the lives of 70 students in Bangalore, of which 54 are now employed and financially independent.

 

Milind Chitre, CEO of Yuva Parivartan, Kherwadi Social Welfare Association, added, “We have been partnering with TVS Credit through their Saksham initiative since 2018, both in urban (Indore, Raipur, Bangalore) and rural areas (Nagpur, Chandrapur, Aurangabad and Gadchiroli). We are happy to be associated with like-minded organisations like TVS Credit to ensure sustainable economic and social development for the underprivileged youth.”

 

Bharat, an alumnus of the Saksham Programme from Bangalore, said, “Thanks to the Saksham programme and TVS Credit for giving me an opportunity to learn about Basic Computers that helped me clear my Engineering degree and paved the way for me to become a teacher at Yuva Parivartan. I take pride in stating that an MNC has recently selected me for a job.“

 

TVS Credit remains committed to improving the lives of its customers as well as communities.

(Disclaimer: The above press release comes to you under an arrangement with NewsVoir India and this publication takes no editorial responsibility for the same)

BCT Digital strengthens its position in the Chartis RiskTech 100 2023 report; reinforces position by moving up 17 places

CHENNAI, India, Dec. 20, 2022 /PRNewswire/ — BCT Digital, announced that it has been, for the second consecutive year, ranked amongst the top 100 RiskTech companies by Chartis Research, in its recently published RiskTech100 2023 report. BCT Digital's ranking moved up by 17 places, in recognition of its pioneering product risk management suite 'rt360'. The company's revolutionary fintech, regtech, and cleantech solutions help enterprises optimize their core governance, risk, and compliance processes, enabling them to augment their positioning and go-to-market capabilities.

“We are honoured to be ranked among Chartis Research's top RiskTech companies, for the second consecutive year,” says Jaya Vaidhyanathan, CEO at BCT Digital. “It's highly rewarding to see that our efforts in the risk-tech space are recognized and appreciated. Our flagship product suite rt360 – comprising rt360 Credit Risk Management, rt360 Governance, Risk, and Compliance, and rt360 Model Risk Management offerings continues to be a crucial enabler for some of the world's leading enterprises on their risk management journey, especially given the disruptive new world order we're faced with today. As a team, we have been continually raising the bar. We have been working rigorously to understand the operational environment of today, to further enhance the effectiveness of our offering. Our move up the Chartis RiskTech100 2023 ranking is a testament to this. As we conclude a successful business year and begin a new one, we look forward to assisting more financial institutions and global enterprises in their digital transformation journey, through our innovative suite of products.”

“BCT Digital's rise in the rankings by 17 positions this year reflects its robust market positioning and credit business,” says Phil Mackenzie, Research Principal at Chartis. “A focused strategy in specific geographies– notably the Middle East and the USA – and a strong customer base have enabled cross-selling opportunities in other key areas of risk, notably GRC for energy.“

BCT Digital's products harness newer technologies such as AI, Predictive Analytics, and Big Data, offering holistic insights and predictability of risk management. The products are tailored to address both the niche challenges particular to the Indian context and also the geo specific regulatory compliance. Therefore, the product suite has found its acceptance in the global marketplace, specifically across the USA and The Middle East.

For the last 16 years, Chartis has been compiling this list annually, by undertaking comprehensive study of capabilities of RiskTech vendors worldwide, analyzing their operations, strategies and products, and rewarding their achievements. RiskTech100 2023 studied key themes like increased volatility, changing economic cycles, the evolving ecosystem of credit intermediaries, a broader range of technology options, among others.

(Disclaimer: The above press release comes to you under an arrangement with PRNewire India and this publication takes no editorial responsibility for the same)

SVC Bank ties up with SBI General Insurance as bancassurance partner


~Now customers can access the comprehensive suite of general insurance products from SBI General Insurance across 198 branches~

 

SVC Co-operative Bank Ltd. (SVC Bank – formerly known as The Shamrao Vithal Co-operative Bank Ltd.), one of India’s leading co-operative banks today entered a bancassurance partnership with SBI General Insurance, a leading general insurer in the country. The agreement will enable the customers of the Bank to access the comprehensive suite of best-in-class general insurance products from SBI General Insurance at any of 198 branches across 11 states of India.

 

Commenting on the partnership, Mr. Durgesh Chandavarkar, Chairman, SVC Bank, said, “At SVC Bank, we are consistently working towards offering comprehensive products and solutions catering to diverse needs of our customers. Insurance penetration in India continues to be low and real financial empowerment would need efficient access to affordable insurance products. We are increasingly expanding our collaborations to cater to the holistic financial well-being of our customers. Our collaboration with SBI General Insurance is yet another step in the same direction.”

 

SBI General Insurance offers multiple general insurance products including health, personal accident, home, motor and travel along with the commercial line of insurance products such as property, marine and engineering insurance.

 

Adding to the initiative Mr. Anand Pejawar, Whole-time Director, SBI General Insurance, said, “SVC Bank is among the leading co-operative banks in the country with a demonstrated presence of over 116 years. The Bank caters to customers across 11 states and will significantly boost our product penetration in the key markets of growth. This tie up will help in enhancing the value proposition for the bank’s customers while allowing them to opt for insurance products to safeguard themselves from unforeseen events and risks.”

Elan Group Announces a Record-Breaking Sales of INR 2500 Crores from its Residential Project at Dwarka Expressway

The sales were recorded within 15 Days from the launch of its first residential project, Elan – The Presidential

Elan Group, based in Gurugram, has announced a record-breaking sale of INR 2500 crores for its recently launched residential project at 106, Dwarka Expressway. Elan Group has recently launched its first residential project, Elan – The Presidential, in Sector 106, Dwarka Expressway, Gurgaon. The super luxury project is Elan Group's first residential project after successfully developing various retail and commercial projects throughout Gurgaon.

 

Elan Group is investing approximately INR 4,000 crore in the project's development and anticipates sales revenue of approximately INR 10,000 crore. The project will span 30 acres and will have approximately 1800 super luxury residences (3, 4, 5 BHK, and Duplex Penthouses) priced between INR 4 and INR 12 crore. The project is scheduled to be launched in three phases, with the Elan Group launching 728 residencies in phase one.

 

Commenting on this Ravish Kapoor, Managing Director Elan Group shared, “Our luxury residential project 'The Presidential' has recorded a massive sales of INR 2500 crores in just 15 days of the launch. We are thankful to our Channel Partners and Patrons for such an overwhelming response.“

 

Headquartered in Gurugram, Elan Group is one of the finest boutique real estate developers in the country. The group is committed to setting new benchmarks of excellence in the commercial real estate segment. The group’s bespoke offerings are constantly redefining customer experiences with innovative and cutting-edge design and architecture, best-in-class amenities, and conveniences. Strategically located in Gurugram, the group’s projects have been conceptualised on the “under one roof’ concept and are poised to emerge as the one-stop destination for all retail and entertainment needs.

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(Disclaimer: The above press release comes to you under an arrangement with NewsVoir India and this publication takes no editorial responsibility for the same)

SOLIZE India Partners with Toray Engineering D Solutions Co., Ltd for Injection Molding CAE System 3DTIMON™

SOLIZE India will be responsible for marketing, sales, technical support and services solutions for 3D TIMON™ in India

BENGALURU, India, Dec. 20, 2022 /PRNewswire/ — SOLIZE India Technologies Private Limited, a group company of Japan-headquartered SOLIZE Corporation, announced a partnership with Toray Engineering D Solutions Co., Ltd to address the Indian market for the latter's 3DTIMON™ 3D Injection Molding CAE System. SOLIZE India will market, sell, provide technical support and services solutions for 3DTIMON™ in India.

Headquartered in Japan, Toray Engineering D Solutions Co., Ltd develops, sells and maintains production control systems, ICT/IoT-related software, and plastic/compound material injection molding CAE system software and electronic devices. It is a wholly owned second-tier subsidiary company of Toray Industries, Inc. Established in 1926, Toray Industries, Inc. is a publicly listed company with global sales of approximately $ 20 Billion and 48,842 employees in 29 countries and 317 subsidiaries (as of March 31, 2022). Toray researches, develops, manufactures and sells performance chemicals (including Engineering Plastics), fibres and textiles, carbon fibre composite materials, environment and engineering solutions (3DTIMON™), life sciences and green innovation products driven by organic and polymer chemistries, bio- and nano-technologies. Toray's motto is “Innovation by Chemistry”.

3DTIMON™, the three-dimensional injection Molding CAE system from Toray Engineering D Solutions Co., Ltd allows manufacturers to simulate the behaviour of material in molds. It supports prediction of failures and analysis and prior verification of processes relating to the development and production of plastic products, including automotive parts, home appliances, IT-related components and optical parts. Toray Industries, Inc. offers a full line of high performance, pristine quality Engineering Plastics including PA6, PA66, PBT, PPS and transparent ABS. While Toray developed the software simulation tool internally to better understand its own EP Resins, 3DTIMONTM has more than 1,000 issued licenses globally.

Speaking about the partnership, Ajai Singh Sirohi, Chief Development Officer – South Asia, Toray Industries India Private Limited, said, “SOLIZE India has a deep legacy of evangelizing the use of simulation among industry players in India for over 30 years now. We believe their extensive domain knowledge, long-standing customer relationships, knowledgeable sales and support teams, and extensive market coverage across India will greatly benefit the customers. We are excited to partner with SOLIZE India to expand our customer universe.”

Mahadevan V. S., Chief Executive Officer and Director, SOLIZE India, said, “Polymers and plastics are playing an increasingly critical role in the new generation of lighter weight, lower environmental impact products being developed in the auto, aero, consumer-durables and various other sectors. With this partnership, we can better support our customers and offer them end-to-end solutions across the material simulation space. The origin of 3DTIMON™ software in an engineering organization truly sets it apart in terms of domain understanding and effectiveness.”

(Disclaimer: The above press release comes to you under an arrangement with PRNewswire India and this publication takes no editorial responsibility for the same)

HealthPlix, an Indian health-tech startup, is a case study released by Asia Business Case Centre, NTU Singapore

~ The case study discusses HealthPlix's unique AI-enabled ‘Doctor-first’ approach for the underserved doctors in India using technology

 

The Asia Business Case Centre at Nanyang Technological University, Singapore (NTU Singapore) has published a case study on HealthPlix Technologies, India’s most popular AI-powered EMR software for doctors. The case is available on all leading case platforms such as Harvard Business Publishing, Ivey Publishing, and The Case Center.

 

The case point titled “RX:AI, putting machine learning into the Medical Prescription: Case of HealthPlix” highlights the challenges faced by the Indian healthcare industry and how HealthPlix is empowering doctors and addressing decision burn-out problems faced by Indian doctors. The Asian Business Case Centre’s mission is to be the source of choice for case studies and practice-based insights in business and social innovations in Asia.

 

The case discusses the challenges faced by doctors in emerging economies such as India, where they have to review medical records, do paperwork, connect, and build a relationship with their patients, all within just a few minutes of consultation. Further hand-written prescriptions including (but not limited to) – abbreviation of instructions, confusing drug brands, and illegible handwriting are leading to an increase in incidences of medical errors.

 

The case study also discusses the challenges in the transition of the healthcare ecosystem from a traditional setup such as using pen and paper to a digital platform such as Electronic Medical Records (EMR) and how technologies like Artificial Learning and Machine learning AI/ML can help.

 

Assistant Professor Vivek Choudhary, NTU Singapore said, “With the current state of healthcare in India, it is imperative to empower doctors with AI-enabled digital tools to drive efficiency and better health outcomes in the remotest parts of the country. HealthPlix is heading in the right direction, contributing to supporting the country’s healthcare needs by placing doctors at the centre of product development. Startups like this have the potential to take Indian healthcare to new heights through next-gen technologies.”

 

Talking about the case study, Burhanuddin Pithawala – Head of Growth Marketing & Operations, HealthPlix Technologies said, “Millions of people across the globe believe education is the key to success. Unique case studies like ours can help impart knowledge to youngsters about the ways in which the health sector is evolving. Grateful to prestigious institutions like NTU who have come forward and worked with us to bring out a one of its kind case study. We have had our set of learnings and insights from such case studies which will motivate us to advance health-tech by empowering doctors of India”

 

HealthPlix is India’s trusted doctor software brand. The company is constantly working with doctors to understand their needs and enabling them with digital tools that could drive efficiency in their practice. A wide range of innovative products has been developed on its flagship EMR platform, including Drug to Drug Interaction, Doctor Insights Dashboard, Patient Summary Dashboard, and Mobile EMR. With a data-driven ‘doctor-first’ approach, the company has been assisting doctors in India since 2014.