PhonePe Slashes Customer Support Workforce by 60%, Rides High on AI Chatbots

PhonePe has made a significant pivot towards automation, reducing its customer support workforce by 60% over the past five years. This reduction, from 1,100 agents to just over 400, coincides…

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Peak XV unveils Surge 10 cohort with startups from eight countries, across sectors

Venture capital firm Peak XV Partners has unveiled its latest cohort comprising 14 startups from eight countries, including India, Australia, Singapore, the Philippines, China, UAE, the UK, and the US,…

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FirstCry subsidiary GlobalBees invests Rs 4.5 Cr in Dynamic IT Solution

GlobalBees Brands Private Limited, a subsidiary of FirstCry parent Brainbees Solutions, has invested Rs 4.5 crore in Dynamic IT Solution Private Limited, a step down subsidiary of the company.With this…

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CoinSwitch reserves total Rs 2,774.10 Cr, down 28% since March this year

CoinSwitch on Tuesday released its fourth edition of Proof of Reserve (POR) showing a total holding of Rs 2,774.10 crore, including in cryptocurrencies and Indian Rupees (INR)—a 28% decline since…

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Resilient Payments’ CEO traces the evolution of digital payments in India

The advent of the United Payments Interface led to a sudden boom in digital payments across India. National Payments Corporation of India (NPCI) data reveals that the average daily volume…

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Neysa bags $30M in Series A funding co-led by NTTVC, Z47, and Nexus Venture Partners

AI cloud startup Neysahas secured $30 million in Series A funding co-led by its existing investors NTTVC, Z47 (formerly Matrix Partners India), and  Nexus Venture Partners.The Mumbai-based firm aims…

Continue ReadingNeysa bags $30M in Series A funding co-led by NTTVC, Z47, and Nexus Venture Partners