Category — Information Technology

Zuckerberg Invests in India’s EdTech Firm Byju’s

The Chan-Zuckerberg Initiative — founded by  Facebook CEO Mark Zuckerberg and his wife Priscilla Chan —  invested $50 million in BYJU‘s, an edtech firm based in Bangalore, India that has created a learning app for school students as well as for those aspiring to undertake competitive exams such GRE and GMAT among others.

The math and science learning app, which has 250,000 subscribers, helps students in grades 4-12 learn subjects like physics, chemistry and biology on their own. It uses original content and teaches it through a mix of video lessons, interactive activities and quizzes, reports CNN Money.

Byju's Learning App

Since its launch last year, the learning app has already seen phenomenal engagement, with over 3.5 million students on its platform.

“I’m optimistic about personalized learning and the difference it can make for students everywhere,” wrote Zuckerberg. “[It’s] why we’re looking forward to working with companies like BYJU’s to get these tools into the hands of more students and teachers around the world.”

September 17, 2016   No Comments

LinkedIn Launches 3 Products for India

On Monday, September 12, LinkedIn unveiled three products — a stripped down mobile site called LinkedIn Lite; a product aimed at the college placements market called LinkedIn Placements, and a LinkedIn Starter Pack aimed at startups and small businesses.

Jeff Weiner, chief executive of the social network for professionals said, “All the three products were entirely developed by the company’s 250-person-strong R&D outfit in Bangalore. The fact that LinkedIn has chosen to build customized products for the country underlines India’s importance.
LinkedIn Logo
India is LinkedIn’s second-largest user base with 37 million members, only behind the U.S., which has over 130 million users.

“There’s a lot of learning from what we are going to do here that we think can be extended elsewhere beyond India,” Weiner told Economic Times in an exclusive interview.

September 13, 2016   No Comments

Bosch Expands Tech R&D Facility in India

Having completed phase I of upgrading its first facility in Bangalore, India, German multinational engineering and electronics company Bosch, has embarked on the second phase, with an investment of $200 million for this year. The company said India continues to be a key hub for the group’s global development network.

Bosch India

Dr. Steffen Berns, president of Bosch Group India and managing director of Bosch Limited said, “We are also rapidly increasing our local engineering and development; this year we will recruit over 3,000 engineers in India. Engineers at the facility work on key topics such as driver assistance and passive safety, active safety, anti-lock braking system and electronic stability program, and hardware development. Other areas of focus include big data and software solutions for the Internet of Things.”

Today, India is home to the Bosch Group’s largest development center outside of Germany, reports Economic Times.

 

September 6, 2016   No Comments

NCR Expands R&D Facility in India

NCR Corporation, the Duluth, Ga.-based company said it is moving its existing engineering center in Hyderabad to a larger location in the city in early 2017 since it is expanding its operations in India.

NCR Logo

The current facility develops and supports software and services used by global institutions. Some of these are the Interactive Teller ATMs, EMV contactless ATMs cash withdrawals, mobile cash withdrawals, mobile check deposits, EMV-enabled multi-industry payments systems, retail self-checkout lanes, CRM platforms, and cinema and stadium systems management solutions, reports Bizjournals.

“As we continue to build out our innovative, omni-channel architecture, the Hyderabad facility will play an important role as a strategic global center for software development,” Eli Rosner, Senior Vice President and CTO for Software Solutions at NCR Corporation, said in a statement.

September 5, 2016   No Comments

TomTom Launches Global Innovation Hub in India

Netherlands-based navigation and location-based products and services company, TomTom, launched a global innovation hub in Pune, 90 miles west of Mumbai.  It will be open to all India-based employees to upgrade their skills, innovate and think like entrepreneurs, reports Economic Times.

TomTom RIDER

Barbara Belpaire, general manager at TomTom, India, who will also head this center, said, “The Innovation Hub reiterates TomTom’s approach of being an innovative company with a focus on nurturing the talent in India. This will give employees a platform to develop new software, technology, applications, services and futuristic consumer products in the wearables, mapmaking and data services space We aim to contribute to the Indian government’s ‘Make in India’ plan where our India team will contribute significantly to innovation globally.”

The hub has three broad sections — demonstration, experimentation and break areas where employees can tinker with TomTom products, as well as some other devices, by making modifications to the software or adding sensors for example. The Innovation Hub will explore tie ups with universities, institutes and other companies.

 

September 5, 2016   No Comments