VideoMeet, the made in India VC app has added ‘close captioning’ for their users. As of now, the captions are available in Hindi and English only, but it will soon add regional languages. Besides, VideoMeet users can also customise their background and live Youtube Streaming. It has also features like waiting rooms, multi-definition viewing, multiple meeting modes, multiple audio support, VNOW- a replica event platform.
ZingHR, a Microsoft backed Cloud HR Tech venture, has announced that it would collaborate with Times Network to provide HR Tech solutions. The strategic collaboration would merge Times Network’s existing HR practices with digital solutions and bring forth an organisational change to improve the work experience for its 1200 employees. ZingHR claims to have more than 365 employees and over 565 customers.
Nandan Nilekani said that India’s digital economy would go from a prepaid to postpaid in the new decade, driving a huge cycle of consumption and growth. According to Nilekani, the country could be a great place for future SaaS firms and a digital transformation agent for the world. “As people get to digital payments, credit histories, digital transactions they will be ready for the credit,” he said while speaking at an event.
Apple consumers spent a record $1.8 bn on the App Store during the last week of 2020, an increase from $1.42 bn in the same period of 2019. Most of the purchasing happened between Christmas and New Year and went to games. 1 Jan set a single-day spending record of $540 mn, breaking the last record of $386 mn in 2020. Zoom and Disney+ were the most downloaded app. Apple has paid $200 bn to developers, up from $155 bn a year ago.
Housing.com launched Housing Edge to digitise rental and allied services for landlords and tenants. The services include payment, rental agreements, verification, packing, moving, interiors and home services that could be performed online via the portal. The company planned to expand the reach of services across the country by introducing certain features like ‘Pay Rent’ and tying up with brands like Urban Company, RentoMojo, Livspace, HappyLocate and AuthBridge.
BharatPe has picked up Rs 60 cr in debt financing from Innoven Capital, as part of its plan to raise $ 500-700 mn of debt capital over the next two years to strengthen the lending business. The Delhi-based fintech also announced the appointment of Sumeet Singh as the General Counsel and Head- Corporate Strategy. BharatPe specialises in onboarding merchants with QR codes and has facilitated loan disbursement of over Rs 500 cr to its merchants.
Bosch Power Tools launched BeConnected, a QR code-based web app to enhance user convenience and experience. By scanning the code, the user could extract the technical specification of the product and become aware of its genuinety. Users could also register the tools for e-warranty and avail exciting offers. The app would ensure digital traceability of the product and would cover aspects ranging from security to documentation. The app would also make after-sales service accessible.
Devang Bhatt, Analyst at ICICI Direct Research, in a note, said the digital tech market is expected to grow at 16% YoY over the next four years to reach $900 bn in FY25 from $490 bn in the Fy 21. Enterprises, in a subsequent manner, will see new-age tech like Artificial Intelligence, Augmented Reality, Virtual Reality, data analytics and Internet of Things to be developed around Cloud, leading to a multi-year tech spends.
The real estate sector went digital in 2020 to launch projects and sign rental agreements virtually, sell homes online. This year Godrej Properties sold ₹2,000 cr of inventory using digital tools, while Puravankara Ltd launched three projects virtually in June-July and showed key project features to 30,000 prospective buyers virtually. More and more buyers now demand to have 3D walkthroughs before shortlisting a property.