Funding news
Answer Genomics raises $500K in pre-Series A Round
Machine Learning and Genomics startup Answer Genomics has raised $500,000 in a pre-Series A round from Inflection Point Ventures.
The funds will be utilised for supporting sales and marketing efforts as well as expanding the talent pool through strategic hiring initiatives, the company said in a statement. It has plans to sequence 10,000 genomes in the next 12 months.
Founded in 2019, Answer Genomics aims to unlock the power of genetics to provide potential know-how for dealing with several health and lifestyle ailments. The company is collecting samples from people with their consent to create a database of genetic information. It takes a small amount of blood and analyses more than five million data points. It helps in giving personalised advice for staying healthy, the company says.
Other news
PickMyWork expands to over 20 states
Gig employment startup PickMyWork has expanded its reach to more than 20 states since its inception in 2019. The Gurugram-based startup has onboarded eight lakh gig workers.
Vidyarthi Baddireddy, CEO and Co-founder, PickMyWork said that this growth represents a positive trend showing the widespread acceptance of gig work in today’s economy.
The gig platform helps digital businesses in acquiring end users (individuals and merchants). It has allocated gig workers across various states. Maharashtra leads with 12% gig worker acquisition. Uttar Pradesh follows closely with 10%. Karnataka stands at 8% followed by Delhi, Andhra Pradesh, Tamil Nadu, Telangana, Haryana, and Punjab.
Xiaomi India introduces Xiaomi Easy Finance (XEF) programme
Xiaomi India has launched the Xiaomi Easy Finance Program (XEF), a user-friendly digital loan initiative available across India. It has forged a partnership with axio, a digital consumer financial services provider, as well as Trustonic, a player in security and services.
This programme delivers comprehensive financial solutions, presenting individuals with flexible and affordable choices for purchasing smartphones. With XEF, customers can acquire a Redmi smartphone through instant approvals and a streamlined digital process that eliminates the need for physical paperwork, the company said.
It also enables customers to own Redmi smartphones through zero-cost EMI options. The XEF programme is accessible at Mi Homes, Mi Studios, Mi Stores, Mi Preferred partners, regional retail chains, and all authorised outlets nationwide.
(The copy will be updated with the latest news throughout the day)
Edited by Affirunisa Kankudti
