Social media company Facebook is going to buy a stake in Meesho, an Indian eCommerce startup that connects people re-selling a variety of items with potential buyers on other platforms, according to a report from Reuters.
Meesho is a digital platform for re-sellers of items as diverse as jewelry to smartphones to reach prospective customers via social media platforms like Facebook, WhatsApp and Instagram. It has some 2 million entrepreneurs focused on India’s smaller towns and cities
“HDFC Bank uses an intelligent AI-enabled bot for improving the efficiency of the credit decision process.
RBL bank is using an AI backed model to identify the optimal loading of ATMs…the bank is being able to load 20-30% less money in the ATMs.
E-commerce player, Pepperfry, is using AI to aid in product discovery for end users.
At Yes Bank, candidates are interviewed by an AI bot on a one-way video platform.
Online pharmacy, Netmeds, uses AI to rate a particular prescription.
Apollo Hospitals is leveraging AI, ML to effectively guide patients and clinicians so that the clinical outcomes are further increased to the highest possible levels and ensuring the best quality and safety.”
Healthtech Startup Qure.ai Is Using AI To Speed Up Radiology Diagnosis
Mumbai-based Qure.ai aims to fill this gap by applying AI and deep learning technology to studying radiology images for quick and accurate diagnosis of diseases.
In the healthcare market, the commercial use of AI is expected to reach $36.1 Bn by 2025, at a CAGR of 50.2% between 2018 to 2025.
The company claims to have used more than 7 Mn data sets to trained its AI algorithms, and has validated test results and accuracy of its diagnosis at global institutions such as Stanford University, the Mayo Clinic, and the Massachusetts General Hospital.
“A recent Deloitte India and Retailers Association of India (RAI) report said that India’s ecommerce market is worth $200 Bn at present and will grow to $1.2 Tn by 2021.
Reliance Retail is planning to use more than 5,100 Jio point stores across 5,000 cities and towns as delivery and collection points for its ecommerce venture. To further ignite its ecommerce plans, Reliance has already made multiple acquisitions and investments ranging from logistics to vernacular to AI.”
“With a new focus set on India’s ecommerce market worth $200 Bn in 2019, Mukesh Ambani-led Reliance Industries is continuing to build its arsenal of etailer-related services by acquiring promising players from the Indian startup ecosystem.
Ambani is targeting Indian ecommerce market which is largely dominated by Amazon and Walmart-owned Flipkart. A recent Deloitte India and Retailers Association of India (RAI) report predicted ecommerce market to grow to $1.2 Tn by 2021.”