You are currently viewing Startup news and updates: Daily roundup (January 23, 2024)

Startup news and updates: Daily roundup (January 23, 2024)


Co-living startup Union Living to add 1,000 beds in Mumbai, invests Rs 10 Cr on expansion

Union Living, a co-living startup, has outlined an expansion strategy for the current calendar year, aiming to add 1,000 beds in key locations across the Mumbai region.

Founded in 2020 by Rishab Soni and Parth Soni, the startup’s current portfolio includes 1,050 operational beds across nine properties in Mumbai, Pune, and Ahmedabad.

The company serves both students and working professionals, offering short-term stay options. Rental accommodations are available at a starting price of Rs 20,000 per bed, with rates reaching as high as Rs 45,000 per bed.

The company said it will allocate Rs 10 crore towards security deposits to landlords and interior works for its new centres.

As part of its plan, Union Living is set to introduce 220 beds in Mahalakshmi, 180 beds in Juhu, 100 beds in Khar/Santacruz, 150 beds in Goregaon/Malad, 100 beds in Chembur, and 200 beds in Navi Mumbai. A minimum of three properties, totaling around 500 beds, will be developed as Built-to-Suit (BTS) properties, to meet the specific needs of occupants.

Jeh Aerospace launches manufacturing facility in Hyderabad

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Dignitaries at the Jeh Aerospace launch ceremony

” align=”center”>Jeh Aerospace, Manufacturing facility

Dignitaries at the Jeh Aerospace launch ceremony

Aerospace & defence manufacturing startup Jeh Aerospace on Tuesday inaugurated its manufacturing facility in Hyderabad. The facility, scalable up to 160,000 sq.ft., aims to deliver manufacturing solutions to the A&D industry.

Located in JCK Horizon Industrial Park, Hyderabad, Telangana, the facility’s digital and AI technology aims to compete with established A&D manufacturing centers in the US and Western Europe.

“It is truly an honour to be part of this occasion as we launch Jeh Aerospace, a venture driven by Vishal Sanghavi and Venkatesh Mudragalla. Their dreams have led them to establish a significant presence in the aerospace industry, echoing the vision of the great industrialist, JRD Tata, whose nickname ‘Jeh’ now inspires this endeavour,” said D Sridhar Babu, Minister for IT, Industries & Commerce and Legislative Affairs, Government of Telangana, said while speaking at the launch of the facility. “I applaud their commitment to creating a facility that taps into India’s full potential for aerospace and defence manufacturing,” he added.

HaiVE launches self-hosted multi-role AI assistant 

Singapore-based AI R&D firm HaiVE has introduced its new free and open-source self-hostable AI assistant, allowing companies to deploy automated customer service securely behind their firewall.

The chatbot allows organisations to implement AI while retaining full control and ownership of their data. It offers industry-leading functionality similar to HaiVE’s hosted AI assistant, but with the entire system on clients’ private infrastructure for security and privacy.

“Today’s tech-led business ecosystem calls for scalable, omnichannel customer service solutions at a pace that can only be powered by AI. But data privacy remains paramount, especially for heavily regulated industries. We are proud to provide an AI- powered multi-role agent with the flexibility of both cloud and open-source self-hosted deployments. These agents can communicate via multiple channels like calls, sms, WhatsApp, Freshworks, Zendesk, Salesforce, and more,” said Arjun Reddy, Co-founder at HaiVe. 



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