Made-in-India iPhones 📱, Parle-IBM Cloud 💻, Razorpay Acquisition 🔑

Catch up on the latest in 🇮🇳 Indian 🇮🇳 startups and tech landscape - all in 5 minutes. [Newsletter Banner] Daily 🇮🇳 IndiaTech 🇮🇳 Roundup Stay informed with the NextBigWhat Daily IndiaTech News! Today's headlines include Made-in-India iPhones, Parle's IBM partnership, and Razorpay's acquisition. 🤝 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( Made-in-India iPhone 15 Models to be Available from Release Day 🇮🇳 IndiaTech - For the first time, Apple will sell made-in-India iPhone 15 models on launch day, signaling an expansion of the company’s supply chain infrastructure. - Historically, there was a delay between the production of iPhones in China and India, but this gap has now been eliminated. - Apple still relies on China for the assembly of premium iPhone models, but the made-in-India iPhone 15 units represent progress in decreasing dependence on China for manufacturing. Parle Enhances Operations with IBM Partnership Through Cloud and AI 🇮🇳 IndiaTech - IBM expands collaboration with Parle for further digital transformation. - Cloud and AI deployment by IBM has cut costs and enhanced sales forecast accuracy for Parle. - Parle, aided by IBM since 2014, has improved operational efficiency and is primed for growth. Future of (Product) Managers in an AI-led world: Here is how to thrive [NBW Newsletter Ad]( nextbigwhat brings you curated news, product and tech trends across a range of industries. The field of product management is rapidly changing, and the rise of artificial intelligence (AI) is transforming the way products are developed, marketed, and sold. [Read]( Union transport minister proposes extra 10% tax on diesel vehicles 📈 India Business - Nitin Gadkari proposes an extra 10% tax on diesel vehicles to combat pollution. - He also suggested an additional GST on diesel-powered generators. - This move comes after earlier government recommendations to ban diesel four-wheelers by 2027. Pee Safe attracts funding from Natco Pharma and Rainmatter Health 🇮🇳 IndiaTech - Hygiene and wellness brand Pee Safe has secured $3 million from its $6 million Series B funding round, led by Natco Pharma and Rainmatter Health. - The firm plans to use the new funds to expand its retail presence in India, go international with an omni-channel approach, and boost its marketing efforts. - Since 2013, Pee Safe has diversified its products to address various women’s hygiene needs, now offering over 25 items focusing on hygiene, menstrual care, and grooming. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( Vertex Ventures Completes $541M Fundraising for Fifth SEA and India Fund 📈 India Business - The fund is supported by existing and new partners, including international corporations and family offices. - Following strong returns from its portfolio with successful exit investments, the new fund exceeds its previous $305 million raised in 2019. - Vertex Ventures will continue investing in high-growth early-stage tech startups primarily in Singapore, India, Indonesia, Thailand, Vietnam, Malaysia and other SEA countries. SubsidyX aims to simplify access to government subsidies for entrepreneurs 🇮🇳 IndiaTech - SubsidyX, an Ahmedabad-based startup, offers a platform to help entrepreneurs identify relevant government subsidies. - The startup uses an automated questionnaire to identify suitable subsidies and even has a system for estimating amounts. - The platform has over 50 MSMEs and chartered accounts onboard, with a projection of seeing this number grow to 300 in the near future. Razorpay Expands Portfolio with Acquisition of Digital Invoicing Startup BillMe 🇮🇳 IndiaTech - Razorpay, a fintech firm, has acquired Mumbai-based startup BillMe to boost customer engagement and invoicing. - BillMe has served over 4,000 businesses, enhancing value for merchants through digital invoicing, marking Razorpay’s eighth acquisition. - Razorpay, valued at $7.5 billion, saw a 76.1% rise in operating revenue in FY22 to Rs 1,481.2 crore, turning profitable the same year. Saudi Arabia plans to establish Sovereign Wealth Fund office in India and invest in Indian start-ups 🇮🇳 IndiaTech - Saudi Arabia aims to set up a Sovereign Wealth Fund office in India to leverage investment opportunities. - Saudi Investment Minister Khalid A. Al Falih expressed interest in channeling funds towards Indian start-ups that cater to Saudi markets. - India and Saudi Arabia are committed to setting up respective offices in each other’s countries within the next six months. RBI: 1.5 million people and 300,000 merchants use India’s CBDC 🇮🇳 IndiaTech - India’s central bank digital currency trial has reportedly been made available to 1.46 million customers. In 26 locations, 13 banks are running the digital rupee trial, and as of August 31st, over 300,000 businesses were accepting CBDC payments. - By the end of this year in December, RBI wants to have 1 million daily CBDC transactions. Byju’s considers selling subsidiaries Great Learning and Epic to pay $1.2bn debt 🇮🇳 IndiaTech - Edtech giant Byju’s is planning to sell Great Learning and Epic to satisfy debt obligations. - The sale of these assets might help meet repayment for a $1.2bn term loan from US creditors. - Byju’s has proposed a repayment plan, offering to settle the entire loan in less than six months. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](