Funding
Settlin raises undisclosed amount from investors
Proptech digital broker Settlin has raised undisclosed funding from Powerhouse Ventures, Kyt Ventures, Investo Monk, Guptaji Invests, Ah Ventures, and PV Rao (PVR Cinemas).
The company manages about 12,000 unique buyers every month and sells about 100 homes monthly, it said in a statement.
“We have grown 5X in the last 15 months, post our Pre-series A and have successfully proven the model,” said Sudhanshu B, Co-founder and CTO in a statement. In the next 12 months, the company plans to expand to Mumbai in all kinds of residential properties, aims to sell 4,000 units and is currently raising growth capital.
Other news
LetsShave inks partnership with Looks Salon
Personal care startup has entered into a strategic partnership with salon chain Looks Salon. Through this partnership, Looks Salon will have access to LetsShave’s portfolio of products including shaving and grooming products.
At the same time, LetsShave will be able to place its products at the over 150 locations where Looks Salon is present. The partnership is expected to boost the presence of LetsShave as well as give the personal care startup an opportunity to present its premium grooming products to a new set of customers, as per Sidharth S Oberoi, Founder and CEO of LetsShave.
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About 50% of employees waste time on mundane tasks shows new study
About a quarter of the workforce present in the UK and the US spend up to four hours of their workday on mundane tasks which can be easily automated, as per a study by artificial intelligence firm Kore.ai.
These tasks like searching or gathering information make up about 19% of the time spent, which could be improved with access to generative AI or conversational AI.
As per Kore.ai’s findings, lack of access to such advanced AI technologies is hampering employee productivity, leading to poor experience and lack of job satisfaction even as global businesses brace themselves to compete in an increasingly unstable economy.
“From the survey, it’s clear that employees are crying out for advanced AI-powered experiences to be empowered to get tasks done quickly, efficiently, and accurately,” said Kore.ai CEO and Founder Raj Koneru.
Paytm inks partnership with travel firm Amadeus
Fintech player One97 Communications, which owns Paytm, will partner with travel firm Amadeus. For the next three years, Paytm will integrate Amadeus’s travel platform. This single API will provide the users with access to diverse travel content, including Global Distribution Systems (GDS), Low-Cost Carriers (LCC), hotels, and more, the company said in a statement.
“It [the partnership] will automate travel operations for users by enhancing efficiency and scalability by leveraging cutting-edge technology,” said Vikash Jalan, Chief Business Officer, Paytm Travel.
(This copy will be updated with the latest news throughout the day.)
Edited by Kanishk Singh
