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…
Tag: India
Usage of AI becoming mainstream in India
“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…
Have you heard about…Qure.ai
Qure.ai http://qure.ai Prashant Warier, CEO of Qure.ai http://linkedin.com/in/pwarier News: Qure.ai Launches AI Product for Head CT Scan Interpretation We trained the new AI using a collection of 313,318 anonymized head CT scans, along with their corresponding clinical reports. The validation study found that our AI was more than 95% accurate in identifying abnormalities. http://qure.ai/news/2018/04/27/headct-validation.html Healthtech…
In Ecommerce War, Reliance Is Banking On Exclusivity And Pulling Partner Brands From Amazon, Flipkart
“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…
With Logistics Startup Grab, Is Reliance Getting Ready For Ecommerce War?
“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…