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Funding news

Toystack.ai raises $325,000 in pre-seed round

ToyStack.ai, a deployment platform has raised $325,000 in pre-seed funding from angel investors including D. Devaraj, founder of SDU LLP Chartered Accountants and Asit Shetty, Founder of Aveda Ventures.

The raised funds will be used for product development, talent acquisition, sales, and marketing.

Founded in 2023 by Mukund Gandlur, Sravan Aditya, Arun Gandlur, and Torun Mathias, ToyStack.ai is an automated deployment tool that allows developers and software teams to deploy to the Toystack cloud in minutes with a couple of clicks.

Toystack has experienced rapid adoption in the Software Development community. It has users from over 100 countries and over 14,000 successful deployments to its cloud.

Other news

InsuranceDekho ventures into reinsurance broking sector with Composite License

InsuranceDekho, an insurtech brand, has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to enter the reinsurance broking sector with a composite insurance broking license.

InsuranceDekho intends to add value in this segment by placing a portion of the insurance risk of an Insurance company on a reinsurance company and securing competitive pricing for insurers. 

With direct integration with 48 Indian insurance companies and over 630 insurance products, InsuranceDekho aims to use its technology and strong industry relationships to offer competitive reinsurance prices. This move will aid in the expansion of contribution margins and directly increase EBITDA margins for InsuranceDekho.

Bharosa launches a patient experience platform

Bharosa, a healthtech company based in Gurugram, has launched a patient experience platform. The company claims that it is India’s first such platform.

This initiative aims to tackle big tech neglect by giving patients a safe space to share their experiences and reviews of medical professionals. In its first phase, Bharosa is going hyper-local by launching in Gurugram. 

Patients can now submit detailed feedback and reviews about doctors while protecting their identities. Each review is verified via proof of visit, i.e. a prescription copy or invoice.  This verification method and local focus aim to ensure high accuracy and trust in the reviews provided. 

Bharosa has dedicated Rs 5 lakh to support the patient community. It reimburses prescriptions up to Rs 500 for patients who share their experiences on the platform.

Readywire introduces ‘AI Co-Pilot’ for automobile dealerships

Readywire, a cloud-based ERP solution provider for automotive dealerships, is launching an AI co-pilot application. 

This AI assistant provides instant insights, automates routine tasks with simple commands, and improves efficiency and scalability while reducing costs and time.

The Readywire co-pilot handles repetitive tasks, freeing teams to focus on creativity.. Like a personal assistant, it learns from user interactions and data to deliver tailored results.

PwC India collaborates with Microsoft India to strengthen cybersecurity with Copilot

PwC India has collaborated with Microsoft India to expand their incident response and recovery capabilities against cyber threats. 

Using Microsoft Copilot for Security, a generative AI-powered solution, enterprises can tap into Microsoft’s extensive data and threat intelligence, combined with PwC’s expertise in secure system rebuilding and incident management. 

PwC India helps clients manage the entire incident lifecycle, from crisis management to recovery. It enhances in-house threat intelligence by building data feeds, analysing potential attacks, and providing global threat visibility.  With Microsoft Copilot for Security, PwC India can help clients better understand their risk profile, make informed decisions and mitigate new threats.

(This article will be updated with the latest news throughout the day.)