Funding
Health startup Genefitletics closes pre-seed round at valuation of Rs.7.5 Cr
Delhi-based health startup Genefitletics has raised an undisclosed amount at a pre-money
valuation of Rs.7.5 crore from a group of angels.
The company is dedicated to making breakthrough discoveries in microbial science to bridge the gap between scientific advancements and human health. Genefitletics’ platform PROTEBA, combines microbial sequencing, artificial intelligence, and scientific research to develop a pipeline of consumer health solutions, precision diagnostics, and precision biotherapeutics aimed at promoting better health and longevity.
Genefitletics is also the first company in Asia to offer at-home direct-to-customer gut and vaginal microbiome tests. The startup was incubated at IIM Udaipur Incubation center and is also a part of Leap to Unicorn bootcamp program.
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Sushant Kumar, Founder and CEO, Genefitletics
” align=”center”> Sushant Kumar, Founder and CEO, Genefitletics
Other news
Gaming CEOs call out Google’s ‘extortionist’ 30% tax on gaming apps
Top gaming CEOs expressed their concerns over the 30% tax imposed by Google on gaming apps. The CEOs label the move as ‘extortionist’ during a panel discussion on Monday.
At Consilience 2023, Manish Agarwal, Co-founder, IndiGG, stated that the 30% tax on gaming apps is unfair. “I believe in India we should not allow anybody to do this, especially when you’re not an Indian company,” he said. Agarwal also pointed out how in a country like India, the focus needs to be to increase its propensity to pay and reduce friction in spending among consumers. Adding an extra 30% tax on top of the GST is a significant expense for consumers, which he believes is unproductive from a gamer’s perspective.
The inaugural Consilience 2023 conference took place in the aftermath of the Ministry of Electronics and Information Technology (MeitY) announcing new online gaming rules.
Air India makes $200M initial investment to use ChatGPT-driven chatbot
Air India has made an initial investment of $200 million to use ChatGPT-driven chatbot and various other initiatives as part of modernising the airline’s digital systems.
The airline, which has embarked on the Vihaan.AI transformation programme, said significant progress has been made in its efforts to modernise its digital systems landscape, with multiple initiatives already completed and many more in progress.
In the coming five years, it plans to sustain this level of investment as it shifts from catching up with global airlines to taking a leadership position. This will involve deploying cutting-edge technologies, ranging from traditional digital solutions to state-of-the-art generative AI, to stay at the forefront of innovation.
In addition to these efforts, Air India is also exploring emerging trends like quantum computing to address complex optimization challenges in the aviation industry. The airline is committed to embracing the latest advancements and staying ahead in the rapidly evolving landscape of digital technologies.
Delhi HC orders CCI to look into ADIF’s complaint against Google
The Delhi High Court has ordered the Competition Commission of India (CCI), to look into complaints made by Indian startup body Alliance of Digital India Foundation (ADIF), against Google’s user choice billing system (UCB), on or before April 26 prior to the new in-app purchase billing system going into effect.
According to The Economic Times, ADIF, in its petition, urged the court to ask the CCI to look into its complaints against Google’s user choice billing (UCB) system urgently or put the new policy under abeyance pending a review.
The ADIF had alleged that Google was engaging in anti-competitive conduct by implementing the UCB policy, and that it was taking advantage of CCI lacking quorum to look into the industry body’s complaints against the tech giant.
(The copy will be updated throughout the day with the latest news.)
Edited by Akanksha Sarma
