Hyderabad startup’s e-bike bags design patent | Hyderabad | Sidnaz Blog


HYDERABAD: Homegrown EV startup Atumobile Pvt Ltd on Wednesday said its bike Atum 1.0 has received a design patent for its unique design from the Controller of Patents and Designs.
The patent has been issued for its design which leads to a riding posture one would have while riding sports bikes.

The design patent was also awarded for its storage box, shaped like a conventional fuel tank.
Besides, the e-bike has also been awarded this design patent for its body design, which is not covered by fairings, giving the bike a retro feel and reducing the bike’s weight to around 35 kg.
On receiving the design patent, Vamsi Gaddam, founder and chief executive officer, Atumobile Pvt Ltd said, “Our target audience, which comprises of people between the age-group of 15-45, are loving the design and the customer feedback has been quite satisfying.”
Atum1.0 e-bike was launched in October 2020 with a base price of Rs 55,000 and since its launch, the company has received over 850 bookings. The bike is manufactured at its Patancheru facility in Hyderabad that has a total capacity of 15,000 bikes per annum.



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Latest News Today – Wealth Management Startup Tarrakki Partners With


Founded in 2018, the startup – Tarrakki is a comprehensive wealth management platform

Wealth management startup Tarrakki announced a strategic partnership with investment platform Smallcase on Thursday, July 22, to offer long-term equity portfolio to users. The partnership will allow investors to consider a well-diversified basket of stocks – carefully chosen with a multi-cap and multi-sector strategy, according to a statement shared by the SEBI registered investment advisor. The startup’s collaboration with the Bangalore-based financial technology company is likely to provide diversified investment options to customers.

“Tarrakki has simplified and modernised the way to investment by giving an alternate option for investing directly in a customised model portfolio. This partnership with smallcase will help investors to intelligently invest in a diversified basket of stocks which will lower the risks present in investing in a single company or a stock. The smallcase integration makes equity investments for the investors simpler by extending the pool of investment options any user has,” said Mr. Saumya Shah, Founder, Tarrakki.

So far, Tarrakki has cumulatively raised $225,000 in funding and caters to tier-I, tier-II, and tier-III cities across the country. The key markets include West Bengal, Maharashtra, Delhi, and Gujarat. The platform offers more than 3,500 mutual funds from 42 asset management companies. 

“Smallcase is on a mission to change how India invests by partnering with investors, advisors, brokers and other market participants who are open to game-changing innovation. Partnering with a comprehensive wealth management platform like tarrakki is in line with this mission and will encourage Indians to invest more smartly by providing an extensive range of investment options that are qualitative and unique,” said Vasanth Kamath, Founder & CEO, Smallcase Technologies Private Limited.

Founded in 2018, the startup – Tarrakki is a comprehensive wealth management platform that is designed to make investment simple and hassle-free, especially for first-time investors. The new-age technology used by the personal finance platform allows its users to make regular, calculated investments in mutual funds as well as peer-to-peer lending, based upon the individual’s goals, and other factors such as age group, income, and risk appetite.

The startup also provides solutions to consumers and corporates, so that the MSMEs can efficiently manage their working capital requirement and surplus cash, according to its statement.



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Latest News Today – Virat Kohli-Backed Startup Digit Insurance Valued At


Indian Cricket Team Captain (Men’s) Virat Kohli invested in Digit Insurance

Startup Digit Insurance is now valued at $3.5 billion after raising $200 million from existing and new investors, in one of the biggest funding rounds in the insurance sector. The existing investor Faering Capital, along with new investors Sequoia Capital India, IIFL Alternate Asset Managers, among others, are participating in the fundraise, which is subject to approval from the Insurance Regulatory and Development Authority (IRDAI).

Bengaluru-headquartered Digit Insurance, which offers health, car, bike, and travel insurance services, saw smaller funding round in January 2021, when it was valued at $1.9 billion. With the completion of the latest funding round, the company’s valuation will almost double to $3.5 billion. 

”…..This is a validation that we are on the right track….We will contribute to the financial security of fellow Indians in a very small way,” Mr. Kamesh Goyal, Founder, and Chairman, Digit Insurance told NDTV.

The investors of the Fairfax-backed insurance company also include A91 Partners, TVS Capital Funds, Indian Cricket Team Captain (Men’s) Virat Kohli, and the employees of Digit Insurance.
 

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Key numbers of Digit Insurance’s growth
Photo Credit: Digit Insurance

Digit Insurance registered Rs 3,243 crore in gross premiums in the financial year 2020-2021, up 44 per cent from the previous fiscal’s mark. The company makes use of technology to simplify processes for customers, such as smartphone-enabled self-inspection and audio claims.

In its statement, Digit Insurance said that over the past one year during the pandemic, it has provided COVID-related insurance to almost 3.6 million employees across 32,000 corporates, under corporate health insurance.

Digit claims that since its inception, it has provided insurance to more than 2 crore customers and has processed over 4 lakh claims.



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Chrome for Android v89 Gets Faster Startup, Page Load | Sidnaz Blog


Google Chrome 89 for Android brings performance improvements that were detailed by the search giant on Thursday, despite the version’s rollout starting earlier this week. Google claims that the latest version of Chrome for Android will use fewer resources, launch quicker, and boot up 13 percent faster than before. Google has employed the use of ‘Freeze-Dried Tabs’, which it claim help you load tabs from an earlier session quicker. The company has also incorporated PartitionAlloc on Android as well as 64-bit Windows, optimised for low allocation latency, space efficiency, and security. Improvements for the macOS build were also detailed.

In a post on the Chromium blog, Google claims that thanks to improvements in packaging and runtime of the Chrome for Android app, the latest build now has 7.5 perfect faster startup time, up to 2 percent faster page load time, 5 percent improved memory usage, and fewer crashes due to resource exhaustion.

Google says Chrome 89 for Android’s new Freeze-Dried Tabs help improve startup times by 13 percent, storing lightweight versions of older tabs that are shown at startup while the actual page loads up in the background.

For latest smartphones running Android 10 with 8GB of RAM or more, Google has “rebuilt Chrome as a 64-bit binary, giving you a more stable Chrome that is up to 8.5 percent faster to load pages and 28 percent smoother when it comes to scrolling and input latency,” said Mark Chang, Chrome Product Manager at Google.

Using PartitionAlloc, Chrome 89 for Android and 64-bit Windows are seeing significant memory savings. Google details that Chrome 89 for Windows has memory savings improvements of up to 22 percent for the browser process, 8 percent for the renderer, rendering, and 3 percent GPU improvements. The company is touting improved memory use in the new version of Chrome across platforms as well, “by discarding memory that the foreground tab is not actively using, such as big images you’ve scrolled off screen.” On macOS, the latest build has a smaller memory footprint for background tabs, while the company is also touting an improved Apple Energy Impact score.

In other Google-related news, Chrome for Android with version 86 has also received a new feature that lets users preview a page before opening it in the same or new tab. This is in addition to another new feature that lets users group similar tabs into one. Google earlier this week announced that Chrome 89 will enable Web sharing on desktops, redesigned discover feed, customisable feed, and many other features.


Are AmazonBasics TVs Good Enough to Beat Mi TVs in India? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.



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Bengaluru-Based Startup Raises Rs 10 Crore From Blue | Sidnaz Blog


The green energy company will use the fund to expedite its growth, product roadmaps

A Bangalore based startup – Devic Earth Private Limited has raised its first institutional funding of Rs 10 crores from Blue Ashva Sampada Fund. The green technology company will use the fund to expedite its growth, product roadmaps, as well as an operational presence in global markets. Devic Earth is uniquely placed across markets with its products that are scalable and sustainable, to provide user-friendly solutions to problems arising due to air pollution. The firm’s niche product offering of Devic Earth- ‘Pure Skies’ provides a technologically advanced and user-friendly solution to improve the ambient air quality.

It comes with a Wi-Fi based technology to handle the airborne gaseous and particle pollutants across industries, homes, and cities. Devic Earth – Pure Skies helps to remove 40-50 per cent of nano-sized particles at <20µm, including PM2.5 and PM10, at the push of a button.

The company was founded in 2018, by Dr. Srikanth Sola, a cardiologist, with the aim of eradicating the root cause of various health and environmental disorders originating from pollution. 

“Devic Earth has developed and deployed a unique technology, Pure Skies, for improving air quality. Its ability to solve air pollution at scale for cities and large outdoor areas, factories and industries would find application globally. Truly an Indian Innovation ready to solve the global challenge of air pollution. We are proud to be partnering with Devic Earth to offer Clean air as a Service (CaaS).” said Satya Bansal, Founder, Blue Ashva Capital.

“We are excited to have Blue Ashva Capital invest in our company and share our vision and mission of providing pure air to families and businesses across the world,” said Dr. Srikanth Sola, Founder and CEO of Devic Earth Pvt. Ltd.  

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