<ul><li>A quick search on LinkedIn revealed that <keyword id="6981730" type="General" weightage="20" keywordseo="ajay-shekhar-sharma" source="Orion">Ajay Shekhar Sharma</keyword> has been the CBO at <keyword id="6357120" type="General" weightage="20" keywordseo="paytm" source="Orion">Paytm</keyword> since August 2021. </li><li>He started off his journey as a manager of sales and served as senior vice president before being promoted last month. </li><li>Paytm is looking to raise $2.2 billion through its <keyword id="6354763" type="General" weightage="20" keywordseo="ipo" source="Orion">IPO</keyword>, reportedly at a valuation of $25-30 billion.</li></ul>Ajay Shekhar Sharma, brother of Paytm’s founder and chief executive (CEO) <keyword id="198636" type="General" weightage="20" keywordseo="vijay-shekhar-sharma" source="Orion">Vijay Shekhar Sharma</keyword>, has been promoted as the chief business officer of the digital payments giant ahead of its $2.2 billion initial public offering (IPO). As per his LinkedIn profile, Ajay Shekhar Sharma has been the chief business officer of marketing cloud business at Paytm since August this year. Paytm’s cloud business offers cloud services to telecom companies and enterprises. He has been associated with Paytm for over a decade. He started off his journey as a manager of sales and served as senior vice president before being promoted last month. In the preliminary paperwork for Paytm’s $2.2 billion IPO, Ajay Shekhar Sharma was mentioned as a relative of Vijay Shekhar Sharma, who owned interest in the voting power of the company. This gave him “control” and “significant influence” in the company. The development was first<a href="https://www.moneycontrol.com/news/business/startup/paytm-promotes-founders-brother-ajay-shekhar-sharma-to-cbo-ahead-of-ipo-7446471.html"> reported</a> by Moneycontrol. Paytm’s parent company One 97 Communications ⁠— which started 21 years ago as a payments company and then went to add a payments bank, trading platform, online retail and games to its business ⁠— is looking to raise $2.2 billion through its IPO, reportedly at a valuation of $25-30 billion. About half of this money will be raised through fresh issue while the rest will be a secondary issue that will offer partial exits to some of Paytm’s investors. The Noida-based company reported a consolidated revenue of ₹3,186.8 crore in the fiscal year that ended in March 2021. This was nearly a ₹353 crore reduction from the revenue reported in FY2020. Paytm also cut its losses to ₹1,701 crore in FY2021, compared to ₹2942 crore reported in FY2020. SEE ALSO <a href="https://www.businessinsider.in/business/startups/news/zomato-policybazaar-investor-info-edge-invested-in-nearly-2-startups-every-month-in-2021/articleshow/86028438.cms">Zomato, PolicyBazaar investor Info Edge invested in nearly 2 startups every month in 2021</a> <a href="https://www.businessinsider.in/business/startups/news/byjus-bags-another-150-million-to-fund-its-acquisition-spree/articleshow/86027937.cms">Byju’s bags another $150 million to fund its acquisition spree</a> <a href="https://www.businessinsider.in/business/startups/news/zoho-corp-invests-5-million-in-medical-devices-startup-voxelgrids/articleshow/86000656.cms">Zoho Corp invests $5 million in medical devices startup Voxelgrids</a>

Paytm founder Vijay Shekhar Sharma's brother elevated as Chief Business Officer  ahead of its IPO

<ul><li>The <keyword id="708591" type="General" weightage="20" keywordseo="funding-round" source="Orion">funding round</keyword> was led by <keyword id="3176192" type="General" weightage="20" keywordseo="Unicorn-India-Ventures" source="Orion">Unicorn India Ventures</keyword>.</li><li><keyword id="11376070" type="General" weightage="100" keywordseo="daalchini" source="Orion">Daalchini</keyword> now aims to focus on expanding its industry footprint and further its tech capabilities.</li><li>The company aims to clock ₹50 crore revenue in 12 months.</li></ul>Delhi-based retail-tech startup Daalchini has raised $4 million in a series A round led by Unicorn India Ventures. The round also saw participation from Artha Venture Fund, Ajay Kaul – former CEO of Domino’s India, and VSS Investco – the investment vertical of Paytm CEO <keyword id="914589" type="General" weightage="50" keywordseo="vijay-shekhar" source="Orion">Vijay Shekhar</keyword> Sharma. Founded by former Paytm employees Prerna Kalra and Vidya Bhushan in 2017, Daalchini is an IoT-enabled ‘phygital’ (physical+digital) vending machine provider that serves more than 100 start-ups, co-working spaces, large MNCs, hospitals, educational institutes, and residential complexes. It is present in over 20 cities in India and has more than 200 franchise partners and over 160 brands selling on its platform. Now, after its recent funding round, Daalchini will focus on expanding its industry footprint and furthering its tech capabilities. It is targeting to be present across 10 million retail points in India and 450+ F&amp;B D2C brands. Daalchini has grown 300% in the last 12 months with ₹12 crores revenue in FY2022. More than 90% of its vending machines are EBITA positive within 45 days, it said. Daalchini aims to clock ₹50 crores in revenues with a Gross Merchandise Value of ₹130 crores in 12 months. It is planning to grow from 850+ to over 5,000 smart and autonomous retail points in the next 12-18 months. “The retail-tech segment in India is going through a massive transition from its traditional physical store form to a digital one, the speed of which has been intensified by the pandemic. In this phase, Daalchini represents the best of both worlds with a ubiquitous physical presence backed by a strong technological framework that prioritises its customers’ needs and convenience,” said Ruchi Pincha, Investment Associate, Unicorn India Ventures. Daalchini has tied up with leading companies like Reliance, Aditya Birla Group’s Hindalco, Vodafone, GE, Genpact, NITI Aayog, Housr, MX Player, Samsung, Paytm, Snapdeal, Byjus, EY, OLX, OYO, Loreal and VIVO, among others. “Daalchini aims to establish its footprints at every 200 metres of habitable area with its autonomous smart stores and vending machines. Today, our country has just a few thousand vending machines, while the US or Japan has more than one autonomous store for every 200 people. We are far from the true potential of this kind of retail,” said Kalra, who is also the CEO of Daalchini Technologies. According to the <a href="https://www.kearney.com/consumer-retail/article/-/insights/value-ecommerce-the-next-big-leap-in-india-retail-market">Kearney India Retail Index</a>, the retail industry, dominated by the food and groceries sector, will grow at a 9% rate from $779 billion in 2019 to $1.4 trillion in 2026 and reach $1.9 trillion by 2030. Despite the pandemic, research finds that the industry has and will continue to grow on the back of value e-commerce and an unprecedented reach across Tier 2 and Tier 3 cities.

Retail-tech startup Daalchini raises $4 million in a round led by Unicorn India Ventures

With generative <keyword id="107950" type="General" weightage="20" keywordseo="artificial-intelligence" source="Orion">artificial intelligence</keyword> set to impact operations in businesses, industry experts emphasise the need for reskilling, as they push for responsible innovation. World's richest man Elon Musk has formed "maximally curious, truth-seeking" artificial intelligence company xAI, he revealed on Twitter Spaces. He suggests self-regulation via an industry body. Arun Kumar Parameswaran, Senior Vice President and Managing Director, Salesforce India said while Gen AI plays a crucial role in its operations across verticals, merely delivering its capabilities is not enough. "As companies race to adopt and implement <keyword id="15777223" type="General" weightage="20" keywordseo="generative-ai" source="Orion">generative AI</keyword>, it is imperative to prioritise balance. Merely delivering generative AI capabilities is insufficient; responsible innovation must take precedence," he said. Companies are betting big on Gen AI. <keyword id="28126" type="General" weightage="20" keywordseo="hcl" source="Orion">HCL</keyword> and <keyword id="10862" type="General" weightage="20" keywordseo="wipro" source="Orion">Wipro</keyword> announced Gen AI labs, with Wipro pledging USD 1 billion for developing AI solutions. Chennai-headquartered <keyword id="6361043" type="General" weightage="20" keywordseo="software" source="Orion">software</keyword> company Zoho intends to take Gen AI in-house and is currently developing Learning Language Models (LLMs) which can converse, summarise, paraphrase and adapt to new tasks with zero-shot learning techniques for AI-driven communication and discovery, Ramprakash Ramamoorthy, Director of AI Research at the company told PTI. He feels that AI itself cannot displace someone from a job but an individual with access to AI can. "While laws of the land are still catching up, today most AI development is self-regulated. Given that this involves sensitive, private information, companies deploying AI must have a strong moral stand when building this technology," he said. Vijay Shekhar Sharma, the Founder and CEO of Paytm expressed concern over the power amassed by some people and countries. "Here is OpenAI blog post done this week: In less than 7 years we have a system that may lead to disempowerment of humanity and even human extinction," he tweeted. Recently, E-commerce startup Dukaan's founder and CEO replaced 90 per cent of its customer support team with an AI chatbot. Entrepreneurs must be sensitive towards negative repercussions of their actions while using AI and find alternatives, feels founder and CEO of TeamLease Shantanu Rooj. "Organisations will need to balance business advantages with societal impact," he added. Ajay Kumar, the CEO of Bangalore-based technology services provider SLK shares that there is a dot com and mobility boom-like excitement among entrepreneurs, making it difficult to keep pace with advancements. "Amidst all this excitement of creating new business models and securing financial valuations, we have to ensure data privacy and proper ethical standards so that technology works for all of us," he pointed. Sonya Ahuja, Founder and COO of edtech Imarticus Learning said, "Recognising the recent volatility in edtech platforms and layoff concerns, disruption in the industry, technological advancement should go hand in hand with upskilling and reskilling initiatives." E-learning startup Physics Wallah has an AI-powered "Ask Doubt" tool that suggests related doubts and provides guidance to students using its database. Chief Technology Officer Devesh Mishra encourages human-controlled, transparent AI to "maintain the human touch". "Technology should complement and enhance human capabilities rather than replace or undermine them," he added. San Francisco-based transcription tool Fireflies.ai is working on personalised note taking. Their ChatGPT-like assistant AskFred pulls up answers using the notes repository. Krish Ramineni, CEO of Fireflies.ai feels organisations which fail to adopt transformative technologies will struggle to keep pace with early adopters. He sees AI like a calculator or Excel-like tool which makes work faster. "AI can crunch numbers, provide projections, and suggest areas for improvement. However, when it comes to building trust and closing deals, nothing beats the human touch," he added. San Mateo-based Yellow.ai aims to democratise technology on its platform by supporting local and regional languages. CEO and co-founder of Yellow.ai Raghu Ravinutala notes that entrepreneurs should proactively address the impact of automation on jobs. "While technological advancements may lead to job displacement in certain sectors, entrepreneurs should invest in retraining to ensure smooth workforce transition," he notes. Sam Altman, founder and CEO of ChatGPT developer OpenAI was among 350 signatories of the Center for AI Safety statement for reducing the risk of human extinction from AI. Amit Das, Founder and CEO of Mumbai-based IT services provider Think360.ai observes, one is scared of what they do not fully understand, in the short-term. "While mass-market AI like ChatGPT is exciting and scary at the same time, task automation will make way for innovations," he added. Soham Chokshi, CEO and co-founder of AI-powered logistics company Shipsy feels technology should empower the workforce. "Technology should not be viewed as a replacement for human efforts," he added.

Responsible innovation, reskilling needed as tech cos embrace Gen AI: Industry experts

Bihar election 2020 result- checkout winner candidate list

The Delhi chapter of <keyword id="139680" type="COMPANY" weightage="20" keywordseo="The-Indus-Entrepreneurs">The Indus Entrepreneurs</keyword> (TiE) will host on Thursday the 8th iteration of the <keyword id="4390638" type="PERSON" weightage="20" keywordseo="India-Internet-Day">India Internet Day</keyword>, one of the largest conferences for Internet entrepreneurs in the country. India Internet Day 2019 targets entrepreneurs which attracts start-ups, unicorns, industry leaders, investors, mentors, policy-makers, and many more key domain experts from across the country every year India is presently home to over 500 million internet users and 21 unicorns. With the aim of raising a hundred start-ups and enterprises to become billion-dollar companies on the back of their internet-centric innovations, TiE Delhi-NCR is hosting the 8th iteration of India Internet Day. The vision of #iDay2019 is encapsulated in the headline of the event’s main theme: “India Internet Unboxed: Getting ready for a 100 Unicorns”. Enabling the next generation of leaders At iDay 2019, leaders of the internet and entrepreneurial community will deliver content for the benefit of young entrepreneurs, enabling the next generation of leaders to gain a deeper insight into the opportunities and evolving trends in the industry, Tie said in a statement. Building on the theme of ‘unboxing’, iDay2019 plans to have focused and thought-provoking discussions during the session line-up on topics including: Unboxing Indian Tech Going Global, Unboxing Funding, Unboxing Talent, Entrepreneurial Milestones: Unboxing Pivots &amp; Pirouettes to Exits, Unboxing 2nd Innings, Unboxing Valuations. It will also have a special focus on the Chinese startup ecosystem, key speakers will speak on Unboxing China, its Landscape &amp; Overview, Chinese VCs in India - A perspective and Cross Border Learnings. Additionally, entrepreneurs will be provided with a platform to showcase internet-centric innovations and get constructive feedback on their ventures. All about networking The conference is one of the most anticipated entrepreneurial conferences across the world as it gathers entrepreneurs and vision-holders in the midst of key investors, industry leaders, and policy-makers under the same roof. It will have sessions that will chaired by prominent industry leaders including Vani Kola, MD, Kalaari Capital, and Rajesh Sawhney, CEO &amp; Co Founder of Innerchef, the conference will open with a keynote address by Vijay Shekhar Sharma, Founder &amp; CEO of PayTM. The opening address will be followed by conversations with industry experts including Anant Maheshwari, President - Microsoft India and Rajan Anandan, Vice President, Google &amp; President, TiE Delhi-NCR. Other ace speakers include Lathika Pai, Country Head - Microsoft for <keyword id="6362513" type="UNKNOWN" weightage="20" keywordseo="startups">Startups</keyword> MENA and SAARC , Gaurav Deepak, Co-founder &amp; MD - Avendus Capital, Anand Lunia, General Partner – India Quotient, Helen Wong, Partner at Qiming Venture, Yun Lou, Founder &amp; CEO of Clubfactory, Hans Tung - Partner, GGVC Kunal Shah, Founder &amp; CEO – Cred, Amrish Rau, Ex CEO – CitrusPay, Aprameya Radhakrishna, Founder &amp; CEO of Vokal, Raul Rai, Co-Founder of Nicobar.com, and Mukund Kulashekaran from Urban Clap. Power Breakfast with the iDay Committee The event will kick off with a breakfast with industry leaders and the best in the startup ecosystem. The committee members who will be a part of this event include Rajan Anandan, Vice President, Google &amp; President, TiE Delhi-NCR; Alok Mittal, Co-Founder, Indifi Technologies; Amarjit Singh Batra, Managing Director, Spotify India; Arvind Jha, Multipreneur, Movico Technologies; Miten Sampat, VP, Times Internet; Deep Kalra, Founder &amp; Group CEO, MakeMyTrip; Gautam Gandhi, Angel Investor; Prasanto K Roy, Policy Consultant ; Karan Mohla, Partner &amp; Executive Director of Chiratae Ventures; Ravi Gururaj, Founder &amp; CEO, Qikpod; Dev Khare, Partner, Lightspeed India Partners. B2B Founders' Lunch Ace B2B founders who will be part of this session include Shridhar Gupta, Co-Founder - Loconav; Pranav Tyagi, Founder - Eigen; Ajay Chauhan, Co- Founder -SalezShark; Sachin Bhatia, Co-Founder &amp; Ex VP - Drishtisoft solutions; Rahul Bhalla, CEO &amp; Co Founder -Zeanatix will be part of the lunch tables Fintech Lunch Leading Fintech founders who will be part of the lunch include Ajay Vikram Singh, Consumer Business Head- Clix Capital ; Jonathan Bill, CEO &amp; Co- Founder – Creditmate; Kshitij Puri, CEO &amp; Co- Founder - Ziploan ;Sandeep Srinivas, Co-Founder &amp; CMO - Redcarpet Tech ; Kapil Mehta, Co - Founder – SecureNow; Alok Bansal, Co-Founder &amp; CFO – PolicyBazaar ; Mukesh P Kalra, Founder &amp; CEO – ETMoney #iDay Launchpad A platform at India Internet Day where tech businesses have a chance to demo/launch their new products/services in front of a large relevant audience of VCs, entrepreneurs etc. The start-ups will be selected by an influential jury panel #iDay Workshop A stellar workshop on product management professionals with Anshumani Ruddra, VP of Product (Social &amp; Gaming) – Hotstar will equip participants with new strategies &amp; principles to ace their field Gala Evening Network, interact, explore synergies over dinner and jive the evening away with a rocking band performance! The conference will take place from 8:00 am to 6:00 pm on 25th April, 2019, at Leela Ambience, Gurugram. Register here now! <a href="https://www.iday.in/">https://www.iday.in/</a> Note: Business Insider India is a media partner at the event.

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Paytm founder Vijay Shekhar Sharma's brother elevated as Chief Business Officer ahead of its IPO

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Responsible innovation, reskilling needed as tech cos embrace Gen AI: Industry experts

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