🧑🏻‍🏫 ALLEN’s AI route to education

Start Your Day with YS Buzz: Your 8 AM Snapshot of Today's Top Startup News! 18 April 2024 [View in Browser]( Hello, More Indian startups are readying themselves for a market listing. After Swiggy changed into a public limited company to prepare for its initial public offering, AI and data analytics firm [Fractal Analytics]( has followed suit. And then there are those that are raising debt. Digital lending startup [RING]( formerly Kissht, raised Rs 100 crore in venture debt from Trifecta Capital to disburse more loans. Speaking of funding, Wow! MomoFoods—the operator of Wow! Momo—secured [Rs 70 crore]( from Z3Partners, an early-growth tech and digital investor, as an extension to its latest funding round. Elsewhere, instant messaging service provider Telegram will likely cross one billion active monthly users within a year. Telegram’s billionaire founder Pavel Durov said it is spreading like a “[forest fire](. Lastly, scientists have discovered a massive [black hole]( in the Milky Way, clocking in at a hefty 33 times the mass of the Sun. While the distance—1,924 light-years from the Solar System—might seem huge to us common folks, in astronomical terms, this is akin to being in the same neighbourhood! In today’s newsletter, we will talk about - Personalising education with AI - Fractal Analytics to go for IPO - Women in India’s workforce Here’s your trivia for today: Which English word comes from the name of a hot spring in Iceland? --------------------------------------------------------------- --------------------------------------------------------------- Edtech Personalising education with AI Digital is harnessing the power of AI to customise every aspect of test prep—from lecture delivery, testing and grading to practice and feedback. Its overall vision is to offer students a personalised journey that exceeds the current offline classroom experience. The team is also toying with Gen AI to enable conversational learning experiences that are akin to interacting with a human mentor or teacher. New realm: - At the helm of this transformative journey is Abha Maheshwari, a former Meta executive, who was chosen to head the digital arm—as its first CEO—about a year ago. - ALLEN Career Institute—with 300+ centres across 60+ cities—is a prominent coaching institute for medical (NEET) and engineering (JEE) entrance exams, having coached over 2.8 million students. - Using Gen AI, the edtech firm is looking at ways to efficiently provide diagnostic feedback to students by capturing their mistakes in homework via images and delving into the ‘what’ and ‘why’ behind them. [Read More]( --------------------------------------------------------------- Funding Alert 1) RING: Rs 100 Cr|Debt 2) Wow! MomoFoodst: Rs 70 Cr|Series B 3) LightFury Games: $8.5M|Seed --------------------------------------------------------------- Startup Fractal Analytics to go for IPO and New York-based AI and data analytics firm Fractal Analytics Pvt Ltd is set to turn itself into a public limited company as it prepares for an initial public offer (IPO). The company will complete the process by “mid-April 2024”, according to an email communication from Fractal to its employees, reviewed by YourStory. Go to market: - The company aims to raise over $500 million in its IPO, targeting a valuation of $3 billion to $3.5 billion. - Founded in 2000, Fractal Analytics helps firms make better decisions on sales, marketing, supply chain, and other business operations. Its clients include Axis Bank, Wells Fargo, and Proctor and Gamble. - In FY23, Fractal Analytics posted a revenue of $255 million and a profit of $24.2 million, as per data research platform Tracxn. [Read More]( --------------------------------------------------------------- From the CapTable The hands steering Shiprocket's evolution from shipping platform to e-commerce enabler The final quarter of the year ended March 2024 (FY24) was particularly eventful for logistics solutions unicorn Shiprocket. The Zomato-backed company expanded into cross-border e-commerce fulfilment, launched its revenue financing arm, and saw its co-founder, Vishesh Khurana, being announced as head of Tribe Capital’s India operations.These developments were a sudden flurry of activity after a fiscal year that was largely one of consolidation for Shiprocket, having acquired six e-commerce enablement companies in the year prior. These acquisitions included retail software solutions provider Omuni, intra-city trucking aggregator RocketBox, and logistics management solutions provider Pickrr, among others. Shiprocket has had to restructure its operations and shuffle some of its top leaders to fully integrate its half-dozen acquisitions. The business is now divided into three primary product verticals—domestic shipping, international shipping, and checkout and ads. Beyond this are a slew of functional verticals. Read the full story to understand who’s leading India’s largest e-commerce shipping aggregator. [View Org Chart]( --------------------------------------------------------------- Report Women in India’s workforce participation in the tech workforce at global capability centres is predicted to rise from 25% currently to 35% by 2027, according to a report by tech staffing and solutions provider TeamLease Digital. The report said that women constitute 35% of the workforce at these centres, with a predominant 81% in IT roles, 16% in operations, 2% in marketing, and approximately 1% in finance. Key takeaways: - In its future outlook, the report projects that women’s participation in tech, across all levels (entry/freshers, junior, mid-senior, leadership, and C-suite roles), will see an increase of 24.3% by 2027. - The next five years will be critical for the country to attain an 8% GDP growth rate, and women must account for more than half of the new workforce generated by 2030. - On average, more than 40% of women would be hired for non-tech and tech-related positions in the BFSI, manufacturing, consumer, and retail sectors by FY25. [Read More]( --------------------------------------------------------------- News & updates - [Dubai rains:]( An intense storm has caused travel havoc across the United Arab Emirates, forcing the cancellation of flights in Dubai and leaving passengers stranded as flooding disrupted roads and public transport. - [Pay package:]( Tesla will ask shareholders to reinstate CEO Elon Musk’s $56 billion pay package, which a Delaware judge voided earlier this year after ruling that the record-setting compensation deal was “deeply flawed.” - [Mental health:]( ByteDance's TikTok has been given 24 hours to provide a risk assessment on its new app TikTok Lite launched this month in France and Spain on concerns of its potential impact on children and users’ mental health, the European Commission said on Wednesday. Here's what else we have for you How Shipyaari’s trifecta can be the game-changer for business logistics In association with Shipyaari Shipyaari's dynamic trifecta—encompassing same-day, next-day, and hyperlocal delivery services, alongside controlled first-mile operations and cutting-edge SaaS solutions—is setting a new standard in logistics efficiency and innovation. [Know More]( --------------------------------------------------------------- How Godrej Capital Nirmaan is ‘Building Bridges’ to transform the MSME landscape In association with Godrej Capital [🌟] Empowering MSMEs for a brighter future! [🫱🏻 🫲🏼]At Building Bridges, hosted by Godrej Capital Nirmaan and YourStory, the spotlight was on the transformative potential of strategic partnerships for MSMEs. [🔉]From overcoming challenges to fostering inclusive growth, industry leaders, and policymakers highlighted how strategic collaborations are reshaping the MSME ecosystem in India! [Know More]( --------------------------------------------------------------- Flipspaces delivers new office for Bharat Financial Inclusion Limited in record time In association with Flipspaces Flipspaces has delivered a new 100,000 sq ft office in Hyderabad for Bharat Financial Inclusion Limited a 100% subsidiary of IndusInd Bank Ltd, in record time. The transformation included end-to-end scope of space designing, product and material supply, and project execution services. [Know More]( Did you know? Which English word comes from the name of a hot spring in Iceland? Answer: Geyser. We would love to hear from you! To let us know what you liked and disliked about our newsletter, please mail nslfeedback@yourstory.com. If you don’t already get this newsletter in your inbox, [sign up here](. For past editions of the YourStory Buzz, you can check our [Daily Capsule page here](. [Feedback]( [Unsubscribe]( [Newsletters](