Bengaluru - Business News Week

health

AI-Health Startup Cloudphysician Appoints Dr. Mandar Vaidya (ex-OYO, ex-McKinsey) as CEO-India

Jul 2, 2024 by Sujata 0 Comments #AI-Health Startup, #Bengaluru, #Cloudphysician, #Dr. Mandar Vaidya

Bengaluru, 02 July 2024: AI health startup Cloudphysician, a full-stack tech and operations company that partners with hospitals to manage patients in their ICU and Emergency departments, announced the appointment of Dr. Mandar Vaidya as CEO-India, effective June 2024. Mandar brings over two decades of experience driving global businesses and delivering transformative results. His experience as a former partner at McKinsey & Co., where he led the healthcare practice in Asia and developed strategies for hospitals and pharmaceutical companies, will help Cloudphysician serve partner hospitals effectively and drive growth across India.

health startup

Mandar was regional CEO at OYO for four years, where he led multiple geographies outside of India (Europe, SE Asia, Middle East, and Japan). He led profitable and transformative growth in these markets via a tech-enabled approach: building scale from India for the world. Additionally, Mandar is an independent director on the board of Cipla Limited. His experience in driving growth and innovation for global companies over the last 20 years will help foster a long-term institutional approach within Cloudphysician.

Cloudphysician recently raised $10.5 million in a Series A funding round led by Peak XV Partners, with participation from Elevar Equity and venture debt firm Panthera Peak. Mandar aims to unlock opportunities to ensure that high-quality intensive care is accessible, scalable, and cost-effective for hospitals everywhere.

Speaking on the appointment, Dr. Dhruv Joshi and Dr. Dileep Raman, co-founders at Cloudphysician, said, “With Mandar joining our team, we are entering an exciting new phase in our growth journey. The healthcare landscape in India is evolving and there is a significant opportunity for tech-enabled solutions to establish sustainable models of care delivery. His industry expertise, insights, and laser-like execution focus will help drive our mission forward, enabling us to reach more patients and hospitals. His rich experience and strategic approach to business development will help establish Cloudphysician as the preferred critical care partner, helping us expand our tech-driven solutions to over 5,000 hospitals. We believe his leadership will accelerate our vision of transforming critical care delivery and setting new standards in healthcare, ultimately improving outcomes and saving lives on a larger scale.”

Mandar who has also extended an investment in Cloudphysician in addition to joining as CEO commented, “It has been inspiring to witness Cloudphysician’s remarkable journey. The fact that they have achieved a 40% reduction in their ICU mortality rates was what stood out to me. I am excited to take this kind of impact to every hospital across India. I am thrilled to join hands with Dhruv and Dileep who have led the movement of building a streamlined approach to high-acuity care. This is a career-defining opportunity for me to further build and lead a transformative team. By leveraging advanced technology for more precise diagnosis and treatment, we will deliver the best possible outcomes for patients. Together, we will strive to set new benchmarks in healthcare and transform care delivery in hospitals.”

Cloudphysician is building the largest and fastest-growing full-stack virtual critical care network. Its seamlessly integrated technology, world-class treatment protocols, and best-in-class medical teams improve patient outcomes. This innovative approach has significantly impacted the care of over 1 lakh critically ill patients in over 200 partner hospitals across 23 states. Cloudphysician has empowered partner hospitals to see up to a 40% reduction in their ICU mortality rates with 24/7 AI-enabled clinical support. The ultimate goal is to ensure the delivery of high-quality critical care to all.

technology

Clean-Tech startup Neo San raises 1.5 Million USD from Ashish Kacholia, others

Jul 1, 2024 by Sujata 0 Comments #Ashish Kacholia, #Bengaluru, #Clean-Tech startup

Bengaluru, July 1, 2024: Clean technology startup Neo San Pvt Ltd announced a seed funding round, with USD 1.5 Million raised in total, at a post-money valuation of USD 7.2 Million. The round’s investors include Ashish Kacholia, Anirban Lahiri (India pro-golfer), Aaradhana Jhunjhunwala, Aman Poddar, Adithya Mathews, S. Chikkarangappa (India pro-golfer), Apurva Damani, Mammen Kurien, Sandeep Telang, and Vanshay Goenka, Siddhi M.

Neo San product

Neo San is a clean-tech startup that is solving hazardous waste management through innovative products that use proprietary technology. Their flagship product, Neo-X, is a decentralised waste incinerator that uses clean energy to treat waste output at the source.

“We will use this round of funding to scale our technologies across India, and to enable larger systems to support the country’s waste-handling needs,” said Dhwaj Bagrecha, Co-Founder, Neo San. “Currently, we’re building decentralised networks of people and machines that will allow our growing cities to better manage waste locally and efficiently, reducing the overall emissions from this process by over 90% compared with the current scenario.”

A combination of their commercial and industrial incinerators will help contain dry-reject waste on-site, be it a residence, office, school, airport, or factory, reducing millions of dollars spent on trucks, fuel, land, and energy, thus reducing the operational cost burden and emissions for municipalities and private companies.

“Land-use and open burning is one of the biggest problems,” said Dhwaj Bagrecha. “The way I see it, any land that becomes a dump loses its value completely, be it for agriculture, development, or as a natural habitat. Toxic ash and contaminated water from waste enter our soil and water sources, poisoning the food, water, and air we consume. As time passes, the problems increase in the way of a butterfly effect, which is a global phenomenon.”

India generates over 25 million tonnes of reject-waste each year, over 30% of which is not even collected. Current systems are extremely centralised and come with the burden of carrying mixed waste a few hundred kilometres away from its source to be handled. 70% of our waste budgets are spent on this movement, which Neo San can positively change.

“India has a big landfill shortage problem in towns big and small. Everywhere we go, we see plastic lying around by the roadside and on vacant plots. Minimising the flow of volumes of combustible materials to landfills while minimising SOx and NOx emissions is an innovative Incineration based solution being offered by NeoSan. Rather than send the waste to overflowing landfills, small volumes of waste can be incinerated on site by green minded corporate and commercial establishments in an environmentally friendly manner with minimal toxic gas emissions. I am hoping that wider adoption of Neosan’s incinerator technology will help in a Clean India with no plastic lying around our country.” said Mr. Ashish Kacholia, a lead investor in this round.

The Neo-X is a localised incinerator that can be installed conveniently on any site. It uses proprietary technology to reach temperatures of 1200°C in under two minutes. Handling reject, non-recyclable waste in these machines can reduce emissions by 98% compared to current pollution standards. Designed and manufactured entirely in India, the Neo-X consumes only 0.2 units of electricity per cycle, bringing the operational cost of waste management down to less than a few rupees per kilogram. It is highly safe, CE compliant, and also captures important live data around the waste it burns to help calculate carbon offsets.

“Early next quarter, we are set to launch our advanced modular incinerator, capable of processing one tonne of toxic waste per day. This innovation will significantly enhance the handling and incineration efficiency for key bulk waste generators in the pharmaceutical, textile, chemical, and other manufacturing sectors. By integrating this solution on-site, we provide a more efficient and eco-friendly approach to waste management,” says Alistair Sean D’rozario, Co-founder of Neo San, who spearheaded the development of this technology.

business

Colliers India Brokers 1.6-Acre Land Deal in Bengaluru’s Sarjapur for Concorde Group

Jun 28, 2024 by Sujata 0 Comments #Bengaluru, #Colliers, #Concorde Group

Bengaluru, India, 28 June 2024: Concorde, a leading Bengaluru-based real estate developer has acquired a prime 1.6-acre land parcel located on Sarjapur Road, Bengaluru. Set to be a premium residential complex, this joint development will have a gross development value (GDV) of ₹200 crores. The strategic acquisition was facilitated by well-known real estate consulting firm, Colliers India, and marks a significant milestone for Concorde as it continues to expand its footprint in the city.

The Colliers team was instrumental in conducting a market analysis that assisted in identifying a suitable space that aligned with Concorde’s business objectives and vision. The leading real estate consulting firm held strategic rounds of negotiation with all parties involved to arrive at a deal structure that served the best interests of the landowner and developer.

The proposed project will comprise 2 & 3 BKH units, spread over a high-rise tower of ~2.25 lakh sq.ft. Its strategic location on the Sarjapur main road ensures excellent connectivity and convenience for residents. The upcoming project will feature smart and tech-enabled elements for enhanced security and energy conservation through home automation. Additionally, it will include an Evolve signature clubhouse with world-class amenities, adhering to Concorde’s SMART philosophy.

Commenting on the initiative, Nesara B S, Chairman, Concorde said, “We are thrilled to bring another landmark development to Sarjapur Road. This acquisition reinforces our commitment to delivering innovative and high-quality living spaces that meet the evolving needs of modern homebuyers in strategic locations. With the support of Colliers India, we were able to structure a deal that benefits both the landowners and our development goals.”

“Concorde is building homes of the future with projects that boast modern architecture and tech-infused features, and our team is proud to have facilitated this transaction. By formulating the correct structure, we were able to meet the business requirements of the developer and landlord. With our strong industry relations and long-standing ability to deliver bespoke solutions, we consistently drive success for our clients and the overall real estate sector.” added Piyush Gupta, Managing Director, Capital Markets & Investment Services, Colliers India.

Sarjapur Road boasts excellent connectivity to key IT hubs such as Whitefield, Electronic City, Outer Ring Road, Marathahalli, and Koramangala. The area’s infrastructure is set to improve further with the completion of Namma Metro’s phases two and five, and the proposed 74km Peripheral Road. This region has experienced the highest growth in connectivity, making it an ideal location for residential and commercial development.

business

Grand Shopsy Mela Sparks Nationwide Joy and Growth as Mid-Year Unfolds

Jun 28, 2024 by Gayathri Pariti 0 Comments #Bengaluru, #Grand Shopsy Mela, #Grand Shopsy Mela Sparks Nationwide Joy, #India’s fastest-growing hyper-value e-commerce platform, #Mid-Year Unfolds, #Prathyusha Agarwal, #Shopsy, #Shopsy by Flipkart

Bengaluru – June 28, 2024: Shopsy by Flipkart, India’s fastest-growing hyper-value e-commerce platform, recently concluded the fifth edition of its much-awaited shopping carnival—the Grand Shopsy Mela. The six-day event, over June 11-16, witnessed a 50% growth in customers on Shopsy, out of which 43% were first-time e-commerce shoppers. During the sale, Shopsy observed record-breaking participation from Bharat, with sellers from across the country coming together to serve millions of customers.

Addressing the Diverse Needs of Tier 2 and Tier 3 Customers

To address the needs of an ever-evolving market of value-conscious consumers, the Grand Shopsy Mela brought in an array of offerings for all needs in an Indian household, offering over 16 crore products with free delivery. Customers in tier 2 and tier 3 markets shopped enthusiastically for fashion, household items, kid’s collections, and budget mobiles driving maximum growth. Shorts, sports shoes, and flip-flops were top-selling products for men, and ethnic sets, sarees, and earrings for women. Lucknow, Patna, Nagpur, Kanpur, and Visakhapatnam contributed the most towards the sale. Increased customer demand was observed in tier 2 and tier 3 markets such as Cuttack, Guwahati, Bhagalpur, and Bankura, with 43% of new users being first-time shoppers and over 60% originating from Tier 3+ cities.

Exciting Deals and Ease of shopping Delight Customers

To add to customers’ delight, exciting deals were offered at every hour. These included Jhatpat deals, Price Crash deals, and Grand Loot hours which were live with attractive prices across categories – allowing customers to avail top offers like trendy t-shirts starting Rs. 79/-, attractive kurtis from Rs. 80/-, and men’s shoes from Rs. 129/-. The shopping carnival also presented great deals for new users including a first-time purchase offer coupon. This helped in bringing in new users to the platform. Beyond the exciting offers, Shopsy also enhanced the shopping experience on its platform and app through innovation in technology including voice search, image search, and AI chatbot. The platform offered cash on delivery and free delivery to attract customers and bring ease of ordering.

Sellers Thrive by Meeting Surging Demand

This season, many sellers experienced a 2x-3x surge in growth during the sale, with sellers from cities like Rajkot, Ghaziabad, Panipat, and Jaipur being top contributors. Household category sellers emerged as the top sellers, with the demand for household products being consistently high and driving significant revenue.

Prathyusha Agarwal, Business Head, Shopsy, said, “We are elated with the continuous success of the Grand Shopsy Mela, our biggest sale event. Every year it has gone bigger and we have seen customers looking forward to it. This also reflects the trust customers place in us as the ultimate hyper value shopping destination. As we progress in our mission to deliver exceptional value, we remain committed to end-to-end innovation—wide selection to seamless browsing experience. Through thorough market analysis, we will continue to innovate and adapt to changing consumer preferences, ensuring our growth trajectory remains strong.”

news

Turkish Airlines Named “Most Sustainable Flag Carrier Airline” in World Finance’s Sustainability Awards 2024

Jun 27, 2024 by Gayathri Pariti 0 Comments #Bengaluru, #Most Sustainable Flag Carrier Airline, #Prof. Ahmet Bolat, #the national flag carrier of Türkiye, #Turkish Airlines, #World Finance’s Sustainability Awards 2024

Bengaluru, 27 June, 2024: Turkish Airlines, the national flag carrier of Türkiye, continues to set an example in the aviation sector with its pioneering sustainability initiatives. Once again, Turkish Airlines has been honored with the “Most Sustainable Flag Carrier Airline” award by World Finance, marking the prestigious recognition for the third consecutive year.

Amid the significant challenges posed by the climate crisis to the aviation industry, Turkish Airlines stands out with its voluntary carbon offset platform CO2mission, use of Sustainable Aviation Fuel (SAF), sustainable in-flight products, waste management practices, and the sustainable travel experience it offers to its passengers.

Commenting on the award, Turkish Airlines Chairman of the Board and Executive Committee, Prof. Ahmet Bolat, said: “Receiving the Most Sustainable Flag Carrier Airline award for the third-year running is a testament to our dedication to sustainability and environmental stewardship. Turkish Airlines has set a strategic goal to become one of the world’s top 3 airlines in terms of digitalization. In line with our commitment to becoming a Carbon-Neutral Airline by 2050, we incorporated the use of Sustainable Aviation Fuel (SAF) into our climate change mitigation plans in 2022, and we further expanded our use of SAF to new routes in 2023. We will continue to add new routes to our SAF-powered network and pursue our commitment to sustainable practices throughout our operations.”

Since 2008, Turkish Airlines has conducted over 100 operational optimization projects to reduce its carbon footprint. In 2023, the airline achieved significant successes in fuel savings and reducing greenhouse gas emissions.

The World Finance Sustainability Awards are recognized as a significant reference by global finance and business circles and are awarded to organizations that showcase best practices in the environmental, economic, and social dimensions of sustainability. Since 2008, World Finance has aimed to identify the best institutions in various sectors based on evaluations by expert jury members.

business

Trane Technologies Named to the Top 100 of India’s Best Companies to Work For 2024 by Great Place To Work®

Jun 27, 2024 by Gayathri Pariti 0 Comments #a global climate innovator, #Bengaluru, #Shirin Salis, #Top 100 of India's Best Companies, #Trane Technologies, #Work For 2024 by Great Place To Work®

Bengaluru, June 27, 2024 – Trane Technologies , a global climate innovator, has been honored by Great Place To Work® (GPTW) India as one of Top 100 India’s Best Companies To Work For in 2024. This continued recognition as a top workplace demonstrates the company’s excellence in creating and sustaining a High-Trust and High-Performance Culture.

GPTW-TOP100-ONLINE

Trane Technologies India offers efficient climate solutions for buildings, homes and transportation. It also advances engineering and technology support for the company’s global research and development, from product enhancement and IT support to infrastructure management and new product development. Notably, Trane Technologies has also been recognized among Top 50 Best Workplaces by Great Place To Work® India for Fostering a Culture of Innovation.

“We are very proud of the continued recognition,” said Shirin Salis, Vice president of Human Resources, Trane Technologies India, “At Trane Technologies, uplifting our people, culture, and communities is core to our purpose of challenging what’s possible for a sustainable world. We are committed to fostering a high-trust, high-performance culture, creating a workplace where our people can grow, make a real impact, and thrive at work and at home.”

India’s Best Companies To Work For™ list undergoes an assessment. This assessment aims to study how organisations completely channel their people power and create inclusive workplaces through effective leadership, meaningful values, and a culture where all employees experience high levels of trust, enabling each employee to bring their best self to work.

Kishor Patil, HVAC & Transport, India & SAARC Country Leader, Trane Technologies, India, said, “Trane Technologies fosters a culture that consistently inspires our people to collaborate and strive for sustainable growth, both within the organization and with our customers. This recognition motivates us to take bolder actions, upholding our values and culture to drive impactful and sustainable development.”

“At Trane Technologies, our purpose is to challenge what’s possible for a sustainable world,” said Wilson Lawrence, Vice president and General manager of the India Engineering and Technology Center, “This recognition not only demonstrates our commitment to leading in sustainability but also highlights our focus on customer-driven innovations. Additionally, it underscores our dedication to nurturing a creative environment that fuels growth within a high-trust, high-performance culture.”

news

JAIN Art Journey ‘PARSHV p’adap’ Enters 4th Day

Jun 27, 2024 by Gayathri Pariti 0 Comments #Avinash D Kate, #Bengaluru, #Devendra S Potdukhe, #JAIN Art Journey, #JAIN Global Campus in Bengaluru, #PARSHV p'adap' Enters 4th Day, #Shantamani Kala Kendra

Bengaluru, 27th June 2024: Shantamani Kala Kendra, in collaboration with the esteemed JAIN International Residential School, is proud to announce the launch of PARSHV p’adap a unique and grand platform dedicated to celebrating artistic talent. This week-long event, running from 23rd to 29th June, is taking place at the JAIN Global Campus in Bengaluru.

PARSHV p’adap aims to bring together the elite artist community from all the states across the country. This artistic endeavour is not only a celebration of the extraordinary works of art, through their creations, artists will highlight the deep connection between humanity and the natural world, encouraging a harmonious coexistence and greater appreciation for our environment.

Today on the 4th day of the event, 35 painting artists and 20 stone sculpturers are working on various art forms with their unique creations on stone and paper. The diverse styles and unique creations promise to captivate art enthusiasts and provide a deep dive into the rich artistic heritage of India.

“PARSHV p’adap” is a one of our many series of artistic explorations that are nothing but a movement that bridges cultural divides and unites artists and art lovers under one roof.” Said Avinash D Kate, Dean Art and Design at Jain (Deemed-to-be-University) Shantamani Kala Kendra.

Devendra S Potdukhe, a renowned artist from Mumbai and a participant here said, “We are thrilled to be part of PARSHV p’adap and this being my first experience through Shantamani Kala Kendra makes it even more special. I am not only excited to showcase my art but also to immerse myself in this incredible learning journey. The event is a treasure trove of knowledge and inspiration, with enriching workshops, insightful demonstrations and a spirit of collaboration that allows us all to learn and grow together.

The all-inclusive collaboration welcomes artists from all the age groups, spheres of life and divyang artists as well. On 29th June, the creations will be showcased at the JAIN Global Campus in Bengaluru and will be open for public.

news

Virgio achieves prestigious PETA Certification, strengthening its commitment to ethical and sustainable fashion

Jun 25, 2024 by Gayathri Pariti 0 Comments #Amar Nagaram, #Bengaluru, #Ethical Treatment of Animals, #PETA Approved Vegan certification, #PETA Certification, #the pioneering sustainable fashion brand, #Virgio

Bengaluru, India – June 25, 2024 – Virgio, the pioneering sustainable fashion brand, is proud to announce that it has officially received the PETA Approved Vegan certification. This significant milestone underscores Virgio’s unwavering commitment to ethical practices, animal welfare, and pro-planet fashion.

People for the Ethical Treatment of Animals (PETA) India is the best known animal rights organisation in the country with over 2 million members and supporters. Global PETA entities combined have more than 9 million members and supporters. Every year, billions of animals suffer and die for clothing and accessories. The fashion industry has long been criticised for its exploitation of animals, involving practices that are often hidden from the public eye. From the use of fur, leather, wool, and silk to testing products on animals, the industry has a substantial impact on animal welfare. Animals are subjected to cruelty and inhumane conditions to meet the demands of fashion consumers.

Virgio has been at the forefront of transforming the fashion industry by embracing sustainable & ethical fashion. Achieving PETA approval is a testament to Virgio’s mission. Virgio uses cruelty-free vegan materials such as natural fabrics, recycled fabrics, and other alternatives to traditional animal-derived products. This ensures that no animals are harmed in the creation of the collections.

“We are thrilled to be recognized by PETA for our commitment to cruelty-free and ethical fashion,” said Amar Nagaram, Co-founder and CEO of Virgio stated. “This certification aligns with our core values of ethics, transparency, innovation, and responsibility towards our planet and all its inhabitants. It is a significant step forward in our mission to create fashion that respects the environment and its inhabitants.”

Virgio’s PETA Approved Vegan status assures consumers that no animal-derived materials are used in the creation of its products. The certification process involved rigorous scrutiny of Virgio’s supply chain, materials, and manufacturing processes to ensure compliance with PETA’s stringent standards.

“PETA India is thrilled to have Virgio proudly declare its compassion for animals and respect for the environment by obtaining ‘PETA-Approved Vegan’ certification,” says PETA India Senior Corporate Affairs Assistant Priyanka Bhoj. “Consumers are increasingly rejecting fashion that involves animal suffering and death, and the harmful environmental impact of leather, wool, and other animal-derived materials is well-documented. By choosing vegan, Virgio is setting the standard in the industry and leading the way in ethical and sustainable fashion.”

“We believe in fashion that lasts longer, looks better, and does no harm,” Amar Nagaram added. “Our partnership with PETA strengthens our resolve to lead the industry towards a more humane and sustainable future.”

Virgio invites customers to join in its journey towards ethical fashion by choosing products that are kind to animals and the environment.

news

Indian Music Experience Museum Celebrates World Music Day with a Weekend of Specially Themed Performances

Jun 20, 2024 by Gayathri Pariti 0 Comments #Bengaluru, #Hindustani Music Concert, #Indian Music Experience Museum, #Preema John, #Specially Themed Performances, #World Music Day

Bengaluru, June 20, 2024 – The Indian Music Museum Experience (IME) is excited to announce a series of special performances to celebrate World Music Day, known globally as Fête de la Musique, which is celebrated on June 21 each year. This weekend-long celebration will feature a diverse array of musical performances, all free of charge, inviting the public to immerse themselves in the universal language of music.

IME

“The World Music Day events at IME are thoughtfully curated to offer music enthusiasts a spectrum of performances, spanning from classical to contemporary, showcasing the rich diversity of global musical traditions. Our aim is to foster an inclusive and lively musical atmosphere where individuals from all backgrounds can come together to appreciate the profound enrichment that music adds to our lives,” said Preema John, Director, Indian Music Experience Museum.

Key Highlights of the Celebration:

1. Morning Raga: Hindustani Music Concert

Date & Time: Saturday, June 22, 6:30 AM
Location: Terrace Amphitheater
Artist: Shruti Bode, accompanied by Yogeesh Bhat on Tabla and Vignesh Bhagwat on Harmonium.
Details: Enjoy Hindustani vocal music by Bengaluru-based vocalist Shruti Bode, set against the serene backdrop of the early morning Bengaluru skies. Shruti, with over 24 years of national and international performance experience, will deliver a soulful rendition of classical and devotional music.

2.French Creole Jazz Performance by Akoda

Date & Time: Saturday, June 22, 7pm, Performance Theatre
Artist: AKODA, featuring Valérie Chane Tef (piano/vocals), Eric Perez (percussion), and Thomas Boude (bass).
Details: Join us for a vibrant Creole jazz concert by the Bordeaux-based trio AKODA, celebrating the rich Creole heritage and their infectious joy of life. This event is presented in partnership with Alliance Française Bangalore, the French Institute, and the Embassy of France.

3. Morning Raga: Carnatic Flute Music Concert

Date & Time: Sunday, June 23, 6:30 AM
Location: Terrace Amphitheater
Artists: Heramb and Hemanth (Flute Brothers), accompanied by Anoor Vinod Shyam on Mridangam and A Chidananda on Morsing.

Details: Experience the mesmerizing blend of Carnatic flute music by the talented duo Heramb and Hemanth. Known for their innovative techniques and perfect pitching, the Flute Brothers will perform a serene concert in the tranquil surroundings of our terrace amphitheater.

4. Jam Session & Concert with transtraditional rock band Gauley Bhai

o Date & Time: Sunday, June 23

o Details: Musicians of all levels are invited to participate in an experimental jam session with the trans-traditional rock band Gauley Bhai, followed by a live concert. Gauley Bhai, a band born from a jam room in 2017, brings together sounds from diverse cultural backgrounds, reflecting their experiences of migration and urban life

Tag: Bengaluru