10, Jan 2024
Nishith Desai Associates develops AI ChatBot for its lawyers, NaiDA

Mumbai, 10th January, 2024 – Nishith Desai Associates (“NDA”), a globally recognized law firm celebrated for its continuous innovation at the intersection of law and technology, is pleased to announce the launch of NaiDA, an in-house developed AI ChatBot exclusively designed for our lawyers. NaiDA has been meticulously built with precision and sophistication, with the understanding that it will not be used without customisation for client projects. Built on the advanced GPT-4 model from OpenAI and hosted on AWS servers, NaiDA is designed to empower our lawyers with intelligent insights in their daily workflows.

Nishith Desai Associates develops NaiDA for its lawyers

The current dataset comprises multiple cross-industry research papers, M&A labs, hotlines, podcasts, videos, and other content developed by the firm over the years. The AI ChatBot enables legal research and content integration, among other possibilities yet to be explored. As a law firm, we thrive on our objective to deliver the highest quality of work in the shortest possible time. We aspire to grow along with our clients while thinking ahead to the future. We celebrate opportunities to walk the extra mile, with a collective endeavour to conceive creative solutions for the issues that are likely to arise in the future.

Nishith Desai, Founder, Nishith Desai Associates said “With the introduction of NaiDA, we are reinforcing our 100% commitment to legal innovation. Over the years, technology has played a catalyst role in driving socio-economic growth. And now, it is time for the legal industry to harness its full potential. However, we must note that AI is not there to replace lawyers but to elevate our practice. Congratulations to our entire legal engineers’ team for their remarkable efforts in developing NaiDA.”

Milind Mundanka, Chief Technology Officer, Nishith Desai Associates added “We’ve witnessed an overwhelming wave of enthusiasm from both our lawyers and client’s side regarding Chat-GPT. The excitement is understandable – since it’s a tool that not only streamlines processes but, more importantly, saves time, an invaluable asset in today’s fast-paced environment. The time efficiency is precisely what we aim to provide our stakeholders. Shortly, we plan to integrate additional external resources and new data sources. With NaiDA, we are dedicated to staying at the forefront of modern technological shifts and providing our stakeholders with cutting-edge solutions.”

The launch is accompanied by extensive guidance and training for our lawyers and staff, emphasising the responsible and ethical use of AI in legal practice. We are confident that NaiDA will not only help our lawyers but also contribute to the broader conversation on responsible AI adoption in the legal profession.

10, Jan 2024
Space Matrix Transforms Gurgaon office for Global intralogistics systems manufacturer Beumer Group

Delhi NCR, 10th January 2024: Space Matrix, a leading workplace design, and build company, recently designed the new office for BEUMER India Pvt Ltd, a 100% subsidiary of German Multinational, BEUMER Group headquartered in Beckum, Germany. The client is an international leader in manufacturing of intralogistics products, systems & solutions. Located on the 8th – 9th floor of DLF Corporate Greens Building in Gurgaon, the new office space depicts the deep roots and core values of BEUMER Group.

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As an international organization operating across 70 countries, BEUMER Group needed a workspace that moved away from their current traditional space with conventional cabins, meeting rooms, and cubicles. The new office space had to have a true ‘Wow’ factor. In a highly impactful display of a collaborative effort between Space Matrix and Beumer, this was achieved through the creation of a vertical connection through a staircase that connected the two floors internally.

The design and the concept of the staircase was from Space Matrix and focused on creating a sense of community and collaboration. However, the engineering deployed to convert the design into reality was provided by Beumer. The outcome showcases Space Matrix’s design excellence, and the engineering capabilities of Beumer, and underscores the narrative of joint efforts to achieve highly impactful outcomes.

Speaking about this, Rohit Raj Puniani, Managing Director, Space Matrix, said, “Beumer is one of our most prestigious clients, and among the leaders in their vertical globally. From the first day of our discussions, the focus was to integrate their brand’s values into the space. We applied the principles of design thinking, and leveraged our in-depth understanding of the client’s vision to ensure that everything was spot on. We are glad to have executed the project to perfection by meeting all client expectations of functionality, efficiency, and strategic placement of buzz zones.”

The design of the two-floor office was done in a way that the 8th floor was kept exclusively as an Employees only floor, and the 9th floor was turned into the arrival experience floor. This enabled the separation of high buzz recreational and arrival zones from the low buzz/quiet zones where the employees work. The soaring double-height space seamlessly expands into a collaborative area for the employee floor. This well-designed space acts as a central hub connecting the work areas on both levels and serves as the focal point during town halls and events. It is equipped with life-sized screens that ensure uninterrupted digital connectivity.

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Adding further, Nitin Vyas, Managing Director & CEO, BEUMER India Pvt Ltd., said, “I thoroughly enjoyed the entire process, from the initial offer stage to the design and, finally, the delivery of our new office by Space Matrix. It was truly awesome. The level of commitment and involvement demonstrated by the Space Matrix team was amazingly refreshing in today’s world of quick fixes. I appreciated the extra effort and their unwillingness to compromise on designs, all thanks to the Space Matrix Design Team. My heartfelt gratitude goes out to the entire Space Matrix team. We embarked upon our office transformation journey over a year ago with an aim to boost employee engagement, brand integration in the office design and attracting new talent. The idea was to take comfort, aesthetics, and employee well-being to new levels of excellence, and Space Matrix has done complete justice to the brief.”

The central goal of the workspace transformation was to enhance the overall employee experience, and the results are nothing short of spectacular. The design deliberately removed cubicles and enclosed rooms along the glass façade, granting every employee a breathtaking connection to the natural world just outside the office. With an abundance of natural light and lush greenery, the workspace cultivates a profound link between its occupants and the surrounding environment.

The open work area offers a remarkable 360-degree view that spans both floors, thanks to the deliberate placement of the full-height masses. It’s a visual masterpiece where every corner tells a story. The designated focus work zones are cleverly distinguished from the vibrant buzz zones through the ingenious use of alternate furniture and lighting, creating an environment that fosters both concentration and collaboration. What truly sets the space apart is the captivating graphic carpet pattern that adorns the work area. It infuses the space with a dynamic sense of movement and energy, turning the workspace into an engaging and vibrant realm where creativity and productivity thrive.

Imagine dedicated spaces like the recreation center, library, wellness room, and nursing room, strategically placed to have a profound impact on the workforce. These areas aren’t just rooms; they are sanctuaries of rejuvenation, spaces where employees can shake off the day’s stresses, recharge their spirits, and bask in pure comfort. These thoughtfully designed spaces are a testament to a workplace that values the well-being of its employees, ensuring that they can find solace and invigoration right within these office walls. It’s not just about productivity; it’s about creating an environment where people thrive.

10, Jan 2024
Zendesk signs definitive agreement to acquire Klaus

Bangalore– January 10, 2024 – Zendesk today announced it has signed a definitive agreement to acquire Klaus, the industry leading AI-powered quality management platform. AI is driving a rapid increase in customer interactions and radically transforming the world of customer service. Customer service teams are being asked to increase their ROI by managing a rising volume of interactions while providing quality service, and increasing their organization’s efficiency in the process. With Klaus, Zendesk customers will be able to deliver consistent, high quality service across every channel and across both human and digital agents (bots) – all while unlocking the power of everyday customer interactions to increase loyalty.

“As AI drives up the speed and frequency of customer engagement, only AI-powered quality assurance (QA) can keep up as companies work to identify and fix gaps in their customer service operations,” said Adrian McDermott, chief technology officer, Zendesk. “The combination of Zendesk AI and Klaus’ capabilities will help businesses navigate greater complexity and volume and ensure both digital and human agents deliver highly personal and empathetic service.”

”Zendesk and Klaus share a vision of AI-led, personalized CX with businesses fully anticipating and acting on their customers’ needs,” said Martin Kõiva, CEO and founder, Klaus. “QA software plays a critical role in this, ensuring consistency, assessing both human and digital agent performance and providing actionable insights for strategic planning. As part of Zendesk, we will continue to build and deliver these crucial capabilities, but now at an even greater scale.”

With digital agents resolving more service inquiries without human interaction, having a QA solution that analyzes both human and digital agent performance is crucial to maintaining quality control and providing best-in-class customer service. While most QA software is capable of only scoring 1 to 2 percent of interactions and cannot recognize systemic trends, Klaus’ AI scores 100 percent of customer support interactions. It pinpoints conversations with positive or negative sentiment, identifies outliers, churn risk, escalations and follow-ups across all conversations – even those done by outsourced teams. Klaus spots knowledge gaps and coaching opportunities that can be used to improve agent performance and productivity, all of which results in higher customer satisfaction.

WEM is a critical capability for today’s customer service leaders. The acquisition of Klaus will be the latest addition to the company’s existing workforce engagement management (WEM) solutions which includes Tymeshift, a modern workforce management tool built exclusively for Zendesk. The company acquired Tymeshift in June 2023. The acquisition of Klaus is anticipated to close in the first quarter of 2024 upon receipt of required regulatory approvals and other customary closing conditions.

10, Jan 2024
IIT Roorkee organized an Awareness Programme on ‘MSME Innovative (Design) Scheme: Industry-Academia Interface’

· IIT Roorkee Leads the Charge in MSME Innovation

· Design Solutions for Global Competitiveness”

10, 01, 2024: Department of Design, Indian Institute of Technology Roorkee (IIT Roorkee) organized an Awareness Programme on ‘MSME Innovative (Design) Scheme: Industry-Academia Interface’ in collaboration with Design Innovation Center, IIT Roorkee, Bhagwanpur Industries Association (BIA), Haridwar and DFO, MSME Haldwani. An MoU was signed between the Ministry of MSME, GOI and IIT Roorkee on June 07, 2022. As per the MoU, the ministry has nominated IIT Roorkee as the Implementing Agency for the promotion of the MSME Innovative (Design) Scheme.

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The core objective of this scheme is to bring the Indian manufacturing sector and Design expertise/ Design fraternity onto a common platform. It aims to provide expert advice and cost-effective solutions to real-time design problems, new product development, and continuous improvement and value addition in existing/new products. The expert advice will be provided by experienced designers for new product development as well as enhancing the existing product portfolio.

iit roorke image

Mr. Jeetendra Kumar, SDM, Bhagwanpur, was the Chief Guest at the event. Other guests of honor including Prof. Apurbba Kumar Sharma, Dean of Academic Affairs, IIT Roorkee; Mr. Rajat Bhalotia, Managing Director, Pritam International Pvt. Ltd., Bhagwanpur, Uttarakhand; Mr. Gautam Kapoor, General Secretary, BIA, Bhagwanpur; Prof. Inderdeep Singh, Head, Department of Design and Coordinator, Design Innovation Center, IIT Roorkee; Dr. Ajay Digamber Jain, Senior Vice-Chairman, SMAU, Haridwar, Uttarakhand; Mr. Shivam Goyal, Secretary, BIA, Bhagwanpur; Prof. Sonal Atreya, Assistant Professor, Department of Design, IIT Roorkee; Prof. Bibhuti Ranjan Bhattacharjya, Assistant Professor, Department of Design, IIT Roorkee; Mr. A.K. Singh, Amardeep Designs India Pvt. Ltd., Bhagwanpur; Dr. Sumitra Pandey, Pritam International Pvt. Ltd., Bhagwanpur, Uttarakhand; and representatives from the various regional industries and MSME units were present during the programme.

Mr. Jeetendra Kumar, SDM, Bhagwanpur, highlighted, “The Design scheme will facilitate MSMEs to collaborate on all aspects of’ design with IIT Roorkee, Department of Design and Design Innovation Centre. This will help MSMEs realize and achieve their design-related objectives.”

Prof. Apurbba Kumar Sharma, Dean of Academic Affairs, IIT Roorkee, said, “We are thankful to the Ministry of MSME for empanelling IIT Roorkee for a long-term collaboration by providing an enabling platform, whereby MSMEs of the country can approach IIT Roorkee through a structured process for enhancing their product portfolio.”

Mr. Gautam Kapoor, General Secretary, BIA, Bhagwanpur, Uttarakhand, pointed out that “BIA is collaborating with IIT Roorkee with a common objective of assisting MSMEs in product design and development in order to achieve greater competitiveness.”

Prof. Inderdeep Singh, Head, Department of Design and Coordinator, Design, Innovation Center, IIT Roorkee, said, “IIT Roorkee is playing a key role in bridging the gap between Industry and Academia. ‘MSME Innovative (Design) Scheme’ of the Ministry of MSME will provide technical and financial assistance to the MSMEs in improving the design of products and processes.”

The collaborative efforts between IIT Roorkee, the Ministry of MSME, and industry stakeholders showcased in the ‘MSME Innovative (Design) Scheme’ awareness program signify a transformative alliance. IIT Roorkee’s pivotal role as the Implementing Agency underscores its commitment to fostering an impactful Industry-Academia Interface. The institute’s expertise, exemplified by the Department of Design and the Design Innovation Center, promises to provide valuable solutions to real-time design challenges, propelling the Indian manufacturing sector towards innovation, growth, and global competitiveness. IIT Roorkee stands as a beacon, illuminating the path towards a dynamic and collaborative future for MSMEs in the realm of design and innovation.

“We are honored to spearhead the ‘MSME Innovative (Design) Scheme’ in collaboration with the Ministry of MSME and industry partners. IIT Roorkee is committed to fostering a transformative bridge between academia and industry, propelling MSMEs towards innovative design solutions and heightened competitiveness in the ever-evolving landscape of manufacturing.” – commented Prof. K.K. Pant, Director, IIT Roorkee

10, Jan 2024
Distributed blankets and warm clothing to those in need

Prominent educator, social activist, and author, Dr. Varun Gupta, distributed blankets, warm clothes, and essential items to those in need residing near Sheetala Mata Temple. Additionally, he extended his assistance to the needy at Mehandipur Balaji.

Dr Varun Gupta distributing blankets

Dr. Varun has been actively aiding the less fortunate for an extended period. Even during the global Covid-19 pandemic, he supported those in need and individuals in quarantine. In addition to providing homemade meals, they distributed masks, sanitizers, ration supplies, and medicines. Currently serving as the Executive Vice President of On Sky Global and CEO of Cambridge Career College, Dr. Gupta remains dedicated to philanthropy.

blankets distributing

Dr. Gupta emphasized, “Assisting those in need holds great significance from both a social and humanitarian perspective. It ensures everyone’s inclusion in justice and equality within society, steering it toward positive progression and granting each individual a better life. It provides an opportunity to contribute back to society. Assisting the needy cultivates a humanitarian spirit, fostering empathy and a willingness to help our fellow human beings. Such assistance paves the way for prosperity; collective efforts toward mutual aid can establish prosperity, social well-being, and equality.”

10, Jan 2024
Suresh Jain, Chancellor of Teerthanker Mahaveer University Honored with Invitation to Consecration Ceremony

Date 10th  January 2023: In anticipation of the auspicious consecration Ceremony for Ram Lalla Temple on January 22 in Ayodhya, extensive preparations are in progress. The Shri Ram Janmabhoomi Teerth Kshetra Trust is actively sending invitations to esteemed individuals. Shri Suresh Jain, Chancellor of Teerthanker Mahaveer University in Moradabad is one of the fortunate persons.

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Shri Ram Janmabhoomi Pran Pratistha Ceremony Committee formally extended the invitation to Suresh Jain on Friday, which he gladly accepted. Jain expressed his delight, stating that he considers it an honour to receive the invitation to the live consecration program of Lord Ram. He affirmed his commitment to attend the event, expressing his anticipation to journey from Moradabad to Ayodhya on January 20, with utmost devotion and faith.

Chancellor Suresh Jain stated his intention to revisit Ayodhya Temple, this time with students and staff. A Total of three invitations have been sent to Moradabad, two of which are to the Chancellor of Moradabad University, Mr Suresh Jain, and the Vice Chancellor. The Ram Mandir Pran Pratishtha program is highly significant, and Chancellor Suresh Jain’s enthusiastic response demonstrates individuals’ deep devotion and commitment to this historic moment.

10, Jan 2024
Four Preventive Steps To Avoid Getting Scammed While Investing Your Money

Introduction

With the rapid digitisation of the financial sector, investing has become easier and more accessible than ever before. The advent of online trading platforms has enabled a new level of transparency in the financial ecosystem. It has encouraged more people to participate in financial markets. Online stock trading and investing have garnered huge traction, with 12.7 crore demat account holders in India currently.

However, this has also made investors more vulnerable to investment scams. As per a report by the Reserve Bank of India (RBI), investment frauds in India amounted to over ₹60,000 crore in 2022. While there is no foolproof way to avoid investment scams, there are certain preventive steps that investors can take to protect themselves. Here are 4 ways to stay safe from scams:

1.Red Flags: Charm Offensive, Over-the-Top Promises, and Unwanted Attention

If an investor receives an unsolicited offer, they must be wary. Legitimate investment firms and online trading platforms reach out to investors and traders after seeking permission. To avoid scams, they should rely on objective analysis. Consulting financial advisors is helpful. They have a deep understanding of market trends, price movements, and a lot of stock market knowledge. It is also beneficial to use safe, secure online trading platforms.

2.Do Your Research Before Investing

Before investing in any scheme, investors must conduct thorough research. This involves checking the legitimacy of the investment firm, the track record of the scheme, and understanding risks involved. Investors should also be aware of phishing emails, fake websites and platforms, and social media scams. Investing through a reliable source, such as online trading platforms like Shoonya by Finvasia, Zerodha, Upstox, etc. can be useful.

3.Be Suspicious Of High-Return Promises

If an investment scheme promises high returns with little or no risk, it is most likely a scam. Legitimate investment schemes will always have some degree of risk involved. Investment schemes that have little or no risk and promise investors high returns are most likely scams. Some degree of risk is always involved. Trading platforms like Shoonya by Finvasia offers various tools for technical analysis, charts, historical data, and more. By providing proper investor education, these tools help users make informed trading decisions.

4.Ponzi Schemes

The basic rule of personal finance is, “Don’t invest if you don’t understand.” Investors should avoid schemes that are difficult to understand. Such schemes are more likely to be fraud. Ponzi schemes are a notable example of how scammers trick investors by using new investors’ money to pay old ones. This makes it seem like they are making lots of money. Investors should seek investments based on logic for safety and financial success.

Conclusion

By following the preventive steps highlighted here, investors can reduce their risk of falling victim to investment scams. Online trading platforms in India, like Uptox, Zerodha, Shoonya by Finvasia, Angel One, and Groww, are also playing a role in transforming investing by making it safer, more secure, and more accessible. Investors should never share personal or financial information with strangers. This includes bank account details, credit card numbers, and other relevant information.

10, Jan 2024
NXP Extends Industry-First 28 nm RFCMOS Radar One-Chip Family

New Delhi, January 10, 2024 – NXP Semiconductors N.V. (NASDAQ: NXPI) today announced an extension of its automotive radar one-chip family. The new SAF86xx monolithically integrates a high-performance radar transceiver, a multi-core radar processor and a MACsec hardware engine for state-of-the-art secure data communication over Automotive Ethernet. Combined with NXP’s S32 high-performance processors, vehicle network connectivity and power management, the full system solution paves the way for advanced, software-defined radar.

The highly integrated radar SoC (System-on-Chip) is intended for streaming rich low-level radar sensor data at up to 1 Gbit/s. It helps carmakers optimize next-generation ADAS partitioning for software-defined vehicles, while providing for a smooth transition to new architectures. Additionally, OEMs will be able to easily introduce new software-defined radar features during the lifetime of the vehicle through Over-the-Air (OTA) updates.

It also shares a common architecture with the SAF85xx introduced last year and leverages 28 nm RFCMOS performance for significantly improved radar sensor capabilities, compared to prior-generation 40 nm or 45 nm products. It enables Tier-1 suppliers to build more compact and power-efficient radar sensors. Drivers and other road users will benefit from extended detection range beyond 300 m, along with more reliable detection of small objects like curb stones as well as vulnerable road users including cyclists and pedestrians.

HELLA, a leading supplier of automotive electronics, will leverage NXP’s SoC family as the foundation for its 7th generation radar portfolio, including variants for front, rear, corner, and side radar. Dr. Dietmar Stapel, Vice President, Radar Program Management at HELLA, stated: “After initiating our collaboration with NXP on the development of RFCMOS-based radar sensors approximately 10 years ago, we can now look back and confidently say that choosing this collaboration was the right decision. Leveraging NXP’s RFCMOS TEF81xx and TEF82xx automotive radar transceivers, we have become a leading provider of automotive 77/79 GHz corner radar sensors. With NXP’s radar SoC family, we are now prepared to expand our market position and offer radar solutions for all relevant radar-supported functions, up to level 4 automated driving.”

The new radar one-chip supports NCAP safety functions including emergency braking and blind-spot detection. It also supports advanced ADAS and autonomous driving applications, including advanced comfort features for SAE levels 2+ and 3 such as traffic jam assist, highway pilot and park assist, front and rear cross-traffic alerts, as well as lateral and rear collision avoidance.

NXP Extends Industry-First 28 nm RFCMOS Radar SoC Family to Enable ADAS Architectures for Software-Defined Vehicles

“Using our new SAF86xx radar one-chip family, OEMs can quickly and easily migrate their current radar platforms to new software-defined vehicle architectures,” said Steffen Spannagel, SVP and GM, ADAS, NXP Semiconductors. “A network of connected radar sensors with software-defined functions on a dedicated S32R radar processor in a distributed architecture can enhance radar-based perception to support advancements in autonomous driving. That includes 360-degree sensing, more powerful AI-based algorithms and secure OTA software updates.”

The comprehensive SAF8xxx family featuring the new SAF86xx and SAF85xx can be tailored for individual OEM use cases. It supports a range of sensor outputs, including object, point cloud-, or range-FFT-level data for smart sensors in today’s architectures and streaming sensors in future distributed architectures.

Extending NXP’s 3rd generation RFCMOS radar platform

Built on the proven RFCMOS automotive radar expertise of NXP, which was the first to ramp to high volume series production and has already shipped tens of millions of units

The highly integrated 76 to 81 GHz SAF86xx radar SoC is optimized for streaming sensors and include a Gigabit Ethernet interface and enhanced MACsec security

The SAF86xx is developed in accordance to ISO 26262 Safety Element out of Context (SEooC) methodology supporting ASIL Level B, in accordance to ISO/SAE 21434 (as a component-out-of-context) and meets the latest security requirements through its HSE security engine

Availability

The SAF86xx radar SoC family is sampling now for alpha customers. For more information, please visit: www.nxp.com/saf86xx

NXP at CES 2024

CES is the perfect time of the year to connect and take innovation to the next level — together. Come join us at the LVCC, booth CP-18 and experience our scalable radar portfolio.

10, Jan 2024
Matrimony.com Launches ‘safe Matrimony’ to Fight Online Fraud

Campaign aims to promote public awareness about online frauds

Mumbai, Jan 10th, 2024: Matrimony.com, India’s biggest matchmaking service, has launched a ‘Safe Matrimony’ campaign aimed at increasing awareness among people about the modus operandi used by frauds in the online world to extract money. Ace actor Vidya Balan who is known to stand up for social causes will be the face of the campaign. The matchmaking platform, after in-depth industry analysis, has identified certain common frauds like – Fake Customs Fee, Emergency cash requirement, Cash on Delivery and Sextortion which are regularly used by fraudsters to dupe people on matrimonial sites across India.

Speaking about the need to launch the safe matrimony campaign, Murugavel Janakiraman, Chairman and Managing Director, Matrimony.com said, “The digital economy is growing, and so have online frauds. While millions of people have benefited from online matrimony services a very small fraction of the population has experienced fraudulent activity. While we at matrimony.com take multiple steps to ensure our platform remains free of such fraudsters. It is important members exercise caution and remain vigilant. While we have been running Safe Matrimony awareness programs for a while now, it’s important that we further amplify it to ensure our members or for that matter anyone using any matrimonial service have a safe and pleasant online experience.”

Matrimony.com has found four types of online frauds primarily –

Emergency cash requirement – where the fraud asks for cash stating an emergency situation.
Fake customs Fee – where the fraud requests a fake customs fee to be paid to receive a gift
Cash on Delivery – Here, the fraud sends an item, asks the other person to pay, poses as if a wrong item has been delivered and gets the money credited to his account.
Sextortion – The fraud asks the other person to view an online obscene content and then starts blackmailing to pay money.

In the campaign video, Vidya Balan talks about these frauds explaining the importance of being vigilant in the digital world and the methods to stay safe. Also, the steps matrimony.com takes like allowing only mobile verified profiles, displaying government ID verified member badges and use of AI to weed out suspicious profiles.

This visual campaign is an initiative by Matrimony.com to guide customers to stay safe in the digital world and create awareness about safety while using the matchmaking ecosystem.

10, Jan 2024
B2B focused SaaS startup Glamplus raises 16.5CR in Pre-Series A round from Upsparks

Bengaluru, January 10, 2024: Glamplus, a SaaS enabled B2B Beauty Marketplace has raised appprox 16.5cr in a pre-series A round from Upsparks Capital, Eagle10 Ventures, ITI Growth Opportunities Fund and Inflection Point Ventures. The round also saw participation from Kube VC and other marquee investors including Gopal Krishna Varshney and IR capital partners. The funds will be directed towards B2B expansion in Tier I & Tier II cities and to venture into International markets.

Glamplus is a B2B marketplace that assists and allows small, medium and large salons/spas/retail beauty chains to adopt technology for running their day to day operations more efficiently. Glamplus specialises in a spectrum of services tailored to meet the diverse needs of their customer base. The Company has built a SaaS platform that offers state-of-the-art solutions to optimize efficiency and productivity of their consumers. Glamplus also provides offline & online supply of beauty products, professionals and personal care to chain of spas aiming for expansion and market entry into beauty product supply in beauty store, supermarkets.

Divyanshu Singh, CO Founder, CEO and Rohan Singh, Chief Operating Officer, Glamplus

Rohan Singh, Chief Operating Officer, Glamplus, says “We are on a path to profitability by Q1 24 by creating an impact and reaching small business like salon and beauty stores where they can avail higher fulfilment, faster deliveries and better pricing due to optimized supply chain with no middlemen. Our focus is also on providing quality, genuine professional products. We are also optimising our product supply & delivery experience.”

Mr. Mitesh Shah, Co-Founder, Inflection Point Ventures commented saying “What team size and cash on hand is needed to oversee business operations, manage inventory, handle customer relations, and maintain an online presence while balancing responsibilities as a small to medium-sized salon/spa owner? Recognizing this challenge, Glamplus offers a comprehensive solution by providing Employee Management, Appointments, Inventory, Expenses, Campaigns, and Analysis services. In an industry saturated with businesses of varying classes, from high-end to low-end, Glamplus creatively addresses a critical need that has long gone unanswered.”

Mohit Gulati, Managing General Partner, ITI growth opportunities fund, says, “Being an early mover in the industry, Glamplus has helped automate salon workflow and minimise unorganised inventory procurement by providing better rates and quick delivery time. It currently hosts around 32 brands. The BPC market in India reached $26.3 billion in 2022 and is expected to reach $38.0 billion by 2028. Glamplus team is well versed in the salon space and have resiliently built the company’s business strategy from the ground up and are scaling operations successfully across cities. Glamplus is well-positioned to take on the B2B beauty market across India and the globe.

Glamplus is currently operational in Karnataka, Chhattisgarh and Odisha catering to clients from salons to small and medium sized beauty stores . The company recently launched a centralised warehouse to facilitate faster order processing, inventory management, and fulfilment, minimise shipping times and costs while ensuring quicker delivery to customers. The company has also designed efficient tools for optimization of delivery, better logistics plan and packaging development.

Glamplus pivoted into the Digital B2B beauty marketplace and has listed over 2000 SKUs registering a 12% growth annually. With over 30-member lean team, Glamplus has built a user base of more than 9500 beauty customer clients and over 6 lakhs B2C customers. It aims to cater to 1000 B2B beauty clients spanning from luxury salons to small sized parlours in the next 6 months