Your Tech Story

india

OnePlus TV

The 55-inch QLED OnePlus TV Coming to India in September

Leave a Comment / India, News, Product, Tech News / By

OnePlus has proven its worth with its outstanding range of smartphones, specifically known for its cameras. Now the company is up to releasing the series of its LED TVs, that according to the company will be having a QLED panel. For the past couple of days, the company has been giving information about its new TV in bits, and now it has finally revealed the name of the TV, i.e. OnePlus TV.

The OnePlus CEO Pete Lau, revealed the name of the TV last week. The company had hosted a contest for the name of its new smart TV last year. But it seems that the company went simply with its trade name. There were also a few revelations about the features as well as the release date of the OnePlus TV.

Along with a blog post, the company took it to Twitter to announce the release month for the TV, i.e. September. The company also tweeted about the size of the TV and a few other features as well. Previously, the leaks suggested that the TV will be available in four different sizes, i.e. 43-inches, 55-inches, 65-inches, and 75-inches. And according to one of the tweets from OnePlus, the TV that the company will be releasing in India will be a 55 inches, that too with a QLED screen. The U.S. and China will be receiving the biggest edition of the TV, i.e. the 75 inches panel TV.

OnePlus TV
Image Source: gadgetsnow.com

QLED display seems to be like the OLED display but is quite different from the latter. Q-LED stands for quantum-dot light-emitting diode. Basically, in OLED, every pixel emits their own light, whereas, QLED still works on the backlighting. QLED TVs have been the most significant part of the Samsung TV series, and now, we will see how the OnePlus TVs perform in the market for the company. The rumours also suggest that the TV may have 4K as well as 8K resolution with HDR.

For the sale of the TV, the company has partnered with Amazon and has included a ‘Notify Me’ button on Amazon’s OnePlus TV page. So the users need to login and click on the button, to stay updated with the new updates about the TV.

The TV will also render support for Bluetooth 5.0, and the company claims that the users will get the “unique Android TV experience” with the new OnePlus TV. Since there is a mention about Android, the smart TV from OnePlus may run on the Android Pie and include some of the Android apps in it. It is also expected that the TV may support a 3GB RAM.

“I am confident that there are many things that you can expect from OnePlus TV. Image and sound quality are fundamental that we must get right. Alongside these key essentials, I believe the TV’s remarkable design and smart interconnectivity make this product even more exciting,” Lau said.

MobiKwik

Bipin Preet Singh : The Journey from IIT Delhi to Founding MobiKwik

Leave a Comment / Founder, India, Product, start-up, Story, Tech Story / By

Here’s a story of another successful IITian whose name got added to the already glorious record of entrepreneurs from IITs. Bipin Preet Singh has become quite a significant figure in the start-up society after he launched MobiKwik in 2009.

MobiKwik is a Gurgaon based Indian start-up which provides a mobile application to carry out online payments. Hence, it contributes largely to the initiative taken to digitalize the payment system in the country. The company also built its Lite app in 2016 so that anyone with poor internet connectivity can also access the application.

Before founding MobiKwik, Singh explored different kinds of job which included Training Facilitator and SoC Architect.

Early Life and Early Career

Bipin Preet Singh MobiKwik
Image Source: inc42.com

Bipin Preet Singh graduated with a B Tech degree in Electrical Engineering in 2002 from IIT Delhi. Soon after graduating from college, he started working for Intel as the Senior Design Engineer. He worked there for three years in the Whitefield Project in Bangalore which has Intel’s first-ever project, including the server microprocessor designing. He worked mainly on circuit designing and formal modelling of microprocessors.

After leaving Intel in 2005, Singh joined Janaagraha in 2006, as a training facilitator. During his time in this company, he worked to build up a social awareness program (India’s first such program), which was mainly targeted to motivate the students and IT professionals to think of democracy beyond voting. This was a bit unusual profession to be picked up by an IITian, but he conducted training series in companies like Dell, NVIDIA, which exposed his skills and helped him fetch better career opportunities.

Bipin Preet Singh joined NVIDIA as a Platform Architect in 2006, while he continued working at Janaagraha. He worked there with a high-level global architecture team and dealt with some of the most complicated projects around the world. He also developed architectural infrastructure for RAID and SATA/AHCI.

In May 2007, Singh joined Freescale Semiconductor as an SoC Architect and worked there for two years. His main work in this company was to generate and analyze performance models, work on memory technologies, propose new features for Motorola Chipsets etc.

By this time, Singh already gained a work experience of 7 years, and the learning phase was about to get over. Moreover, the companies he worked for gave him a pretty dominant position, so he wasn’t looking for a promotion at all. This is when he thought of building something of his own, something more challenging and daring than regular 9 to 5 job.

From Designing Engineer to an Accomplished Businessman

In his entrepreneurial journey, Singh approached and got rejected by many people. But, finally, an old friend of his was very impressed by his idea and agreed to join him in this venture. He kept meeting people and built up his own team from scratch.

Finally, in April 2009, Singh along with his wife, Upasana Taku, founded MobiKwik with a motto to improve the payment system and money transfer scenario. Initially, MobiKwik only had a closed wallet facility, but later the company launched a mobile application for the same. When Singh and his wife founded the company, he invested eight lakhs from his own money and rented an office in Dwarka, Delhi.

Success of MobiKwik

MobiKwik was started as an initiative to eradicate all the payment problems and set up a hassle-free environment for the transaction. They set up a wallet system, where after saving the money, one can use it for different purposes like phone number recharge, payments to online merchants, and different service providers.

In 2012, the company launched the e-wallet system of MobiKwik, and in November 2016, it brought the MobiKwik Lite mobile app to the market. In 2014, the company won the mBillionth Award South Asia in the category of mobile business.

By April 2015, MobiKwik had around 15 million users, and according to Forbes magazine, one million new users were added every month. MobiKwik also started giving loans of a small amount (500-2,500 Indian rupees) in partnership with CashCare. By 2016, the number of users hiked to 55 million from 15 million. In February 2017, MobiKwik announced that the company is going to invest more in expanding the user base to targeted 150 million. By 2017, maximum e-wallet transactions in our country were done through Paytm, ITZCash and Mobikwik.

Today, MobiKwik connects 105 million of its users to over 3 million merchants providing a huge spectrum of services including insurance, investments and loans. MobiKwik’s next target is to reach a billion Indian users and hit $20 billion by 2022.

UPI

Mandar Agashe : The Man Who Brought a Revolution in the Indian Digital Payment System

Leave a Comment / Founder, India, Product, start-up, Story, Tech Story / By

Receiving rewards for paying your bills is like the smartest scheme ever to digitalize the payment system of our nation. Most of us make payments through UPI apps like Tez to earn digital scratch cards and cash backs. The growth of UPI has been unbelievable from only 92,000 transactions in August 2016 to 105 million transactions in November 2017. Today, almost everyone with a smartphone uses these UPI apps for the transaction. And, the biggest advantage of UPI is you don’t have to walk to your bank to deposit money into someone’s bank account. From transferring money to bank accounts to paying for movie tickets, UPI has become the most convenient and the most successful initiative in terms of online banking.

But, who is the person behind this massive success that turned the entire scenario of digital payment in no time?

Mandar Agashe, the founder of Sarvatra Technologies, a company that provides financial and payment solutions to the Indian banking sector, came up with the idea of Unified Payments Interface (UPI) and launched it in 2016.

Early Life of Mandar Agashe

Mandar Agashe
Image Source: Facebook

In 24th May 1969, Agashe was born into an influential family of Mumbai to an Indian businessman, cricketer and philanthropist, Dnyaneshwar Agashe, and Rekha Gogte. Agashe had two other siblings, Ashutosh Agashe and Sheetal Agashe.

When Agashe was pursuing his B.E. degree in Computers, he created Musicurry.com, an online radio website. After completing his college, Agashe joined his family business in 1994 and started working in the firms. By 2000, he established EBZ Online in association with Oracle, followed by establishing Brihans Natural Products Ltd., and finally, Sarvatra Technologies in 2000.

Sarvatra Technologies

Agashe established his startup in Pune. The startup was basically to provide payment solutions and promote online banking through UPI and IMPS (Immediate Payment Service). The main goal of the company was to get the rural and semi-urban population connected to banking as well as the system of digital payment and get every citizen of India accustomed to EFT (Electronic funds transfer).

Since Mandar Agashe belonged to a family full of successful business tycoons, he had a clear idea of how the corporate sectors function. He wanted to come up with a solution that can be affordable to every single person out there and can easily carry out online transactions with minimal knowledge.

Oracle was the first company to invest in the strategies of Agashe, and eventually, investors like Vallabh Bhanshali and ICICI Bank participated in the following funding rounds. By 2018, the company brought 450 co-operative banks on National Financial Switch.

Agashe realized that both, the banks and the customers, faced a lot of issues during online transactions because of the poor connectivity. So, he provided the banks with SaaS-based technologies to enhance better performance, and also, reducing the operating cost at the same time.

The success of UPI and other payment solutions

After UPI was launched in 11th April 2016, the transaction volume increased unexpectedly. Transactions through the leading UPI apps like Google Tez, PhonePe and BHIM increased exponentially. By 5th December 2017, two months since the launch of Tez, the transaction volume hit 140 million, and the amount processed through PhonePe summed up to 100 crores per day.

Another advantage of Tez which accounts for 70% of the total UPI transaction is that the money one pays through it directly gets credited in one’s bank account instead of getting dropped into the wallets. By 2017, the apps that use UPI reached 20 million downloads from Play Store.

In the financial year 2017-2018, Mandar Agashe announced that they had a gross transaction value of 27,000, and by the next financial year, they will be going to make it 40,000 crores.

Agashe’s Musical Career

Apart from being an entrepreneur, a philanthropist and a successful businessman, Agashe is also a renowned singer. Releasing Musicurry.com was his first step towards the musical world, which led to launching his very own music album. His first role in the world of music was as a co-director with Pandit Hridayanath. He sang his first playback song with Asha Bhosle, and in 1998, his album ‘Nazar Nazar’ was recorded and released in Hindi and English. In 2005, another album, Jaan Le was released followed by 82 in 2016.

sharechat

ShareChat Raises a $100 Mn in a Twitter Led Funding Round

Leave a Comment / India, News, Product, Social media, start-up, Tech News / By

After a long struggle, India has also become home to many creative and useful startups, and even the global tech companies agree with that. Following that very fact, Twitter, one of the biggest technology company, just closed the D series funding as the lead for a four years old Indian company ShareChat.

Where Twitter led the funding, major investment brands including TrustBridge Partners, Shunwei Capital, Lightspeed Venture Partners, SAIF Capital, India Quotient and Morningside Venture Capital took part in the investments, among which a few are the company’s existing investors. With the latest round of funding, the company was able to raise a $100 million, and with that, the company now values at about $650 million. Till now, the company has raised around $224 million.

ShareChat is an Indian social network that allows people to chat in the regional languages. This is the reason why despite tens of popular chat apps, ShareChat has grown to tens of million users in just four years. Twitter also sees the potential in the startup that is why it took the privilege to lead the funding for the company.

sharechat
Image Source: economictimes.indiatimes.com

There has been no statement from Sharechat on the matter. But the managing director of Twitter India, Manish Maheshwari said in a statement, “Twitter and ShareChat are aligned on the broader purpose of serving the public conversation, helping the world learn faster and solve common challenges. This investment will help ShareChat grow and provide the company’s management team access to Twitter’s executives as thought partners.”

Twitter just appointed Manish Maheshwari in April 2019 for its India office after it started facing a decline in its growth in India. After his appointment in Twitter, Maheshwari has said in a statement, “With premium Indian content on the rise in multiple regions across the country, I believe we are scratching the surface of what’s possible with Twitter in India.”

ShareChat supports almost every regional language except English, which has been the unique feature to attract its 60 million users to the platform. And, the company has no plans to change that in the coming future. So investing in ShareChat can be a step forward for the company to expand its limits to different regions, regional languages and people from different background.

India Plans on Building its own Chat App for Official Use After Huawei U.S. Ban

India, News, Tech News / By

A report from Economic Times has revealed that the Indian government is looking forward to bring an official messenger or chat app, similar to Whatsapp, to be used by the government employees for official communications.

According to the report, the Delhi government said on Thursday that it is considering to develop a chat application, email, and the other homegrown secure communication networks, for the government officials, in order to insulate the intimate communication with one another.

indian communication app
Image Source: express.co.uk

The decision has come as one of the results of the U.S. government banning Huawei and some other Chinese companies from operating in the country, due to the friction with Beijing. In fact, Washington has recently set up the sanctions against many Chinese companies, which the U.S. tech giants, like Google and Facebook, have already started working upon.

Also, there has been some cold vibes between the U.S. government and the Indian government, as result of removal of the South Asian nation from a special trade program by the U.S. government, as India could not assure the U.S. president Donald Trump of India “providing equitable and reasonable access to its markets” to the U.S.

This incident has caused tension among the two nations. “Tomorrow, if the U.S. finds us unreliable for some reason, all they need to do is ask their companies to slow down networks in India, and everything here will come to a standstill. We are vulnerable, and we must take steps to cover that,” an unnamed official said over the matter.

Though it will be the first time that Indian government will be taking an initiative in developing mediums for the messaging and emails for the official communication, it is not the first time that any other nation is building such software for the government-only use.

At the beginning of this year, France released its official chat app, named Tchap, an open source app, which can only be used by France’s government officials. Other than France, there are nations like China and North Korea, that have got their own operating systems for use in government offices.

Even the Indian government has attempted on building its own Linux-based desktop operating system named BOSS, but with least success, Microsoft‘s Windows is still the most common OS in the government offices of India.