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Tech Mahindra appoints Milind Kulkarni as its Chief Financial Officer

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Tech Mahindra has today announced the appointment of Milind Kulkarni as the Chief Financial Officer (CFO) effective 2nd April 2021.

Milind Kulkarni will take over from the current CFO, Manoj Bhat, who will be moving as ‘Group Chief Financial Officer’, M&M Group as part of the leadership rotation strategy.

CP Gurnani, MD & CEO, Tech Mahindra, said, “It’s been a pleasure working with Manoj over the years, and I wish him all the best in his new role as the M&M Group’s Chief Financial Officer. He has been instrumental in spearheading the growth of the organization and I would like to thank him for his immense contributions to the finance function. I welcome Milind Kulkarni, who has worked with the company for over 19 years in multiple leadership roles including as CFO till May 2018, in his new role.”

Milind Kulkarni has been associated with Tech Mahindra since 2002. He has held key leadership positions at Tech Mahindra, including being the CFO of Tech Mahindra till May 2018 and in his current role as a Senior Advisor for the company.

“We foresee Crossloop as a leader in India’s wearable technology”

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Crossloop, a tech and lifestyle brand, visions to enhance customer experiences within the consumer electronics industry by offering a blend between design, utility, performance, and functionality at an affordable price. The hardware startup also aims to expand and go beyond the boundaries of India by reaching out to European markets. Sameer Katole, CEO, Crossloop, tells My Mobile of his aspirations, expansion, competition, and much more. Edited Excerpts:

What is Crossloop and how long have you been in business?

Crossloop is a tech and lifestyle brand, primarily focusing on fast-moving electronics, accessories, and gadgets. Backed by Sanjay Hira of Hira Group, a UK-based consumer electronics focused MNC in existence since 1959, Crossloop was launched in the year 2019 with a vision to enhance the customer experience within the consumer electronics industry.

Crossloop offers customers a perfect blend between design, utility, performance, and functionality. Currently, Crossloop’s well-designed and curated product offerings include Pro Series Earphones, Crossloop GEN, Speakers, Daily Fashion Earphone Series, and Crossloop Charging Cables. We are one of the few hardware startups in India and are solely focused on curating lifestyles that fit into today’s modern tech ecosystem with solutions and interventions that cater to the dynamic lifestyles we enjoy.

 

How did this idea come and why have you restricted yourself to accessories only?

With the increased usage of gadgets and technology, every consumer wants an accessory which not only caters to their tech needs but also compliments their style statement. Crossloop was introduced understanding the gap in consumer electronics industry, with a thought to provide high-quality products at an affordable price for consumers across multiple tiers. Based on customer interest, we are currently expanding ourselves into many other categories namely, wearable accessories, home automation, health care, office equipment, gaming and other gadgets.

What percentage of the Indian population is your fan and where do you aspire at the end of 2021?

Looking at the engagement in the consumer tech market, the brand attracts millennials and Gen Z and has a wide range of adoption considering the need for tech accessories in the market. The global pandemic has increased the penetration of wearable accessories in the market-leading to explosive growth in 2020. In 2021, we foresee ourselves as a leader in India’s wearable technology segment.

What are your product portfolio and the price bracket in which Crossloop plays?

Crossloop has kept the price of tech accessories in the affordable segment, available at a price range of Rs 300 to Rs 3,000. The products are focused on ensuring a smooth and unique experience to consumers. The product portfolio includes:

Pro Series Earphones: A range of colourfully wool braided earphones, sporting a 10mm driver for HD sound, the Pro Series Earphones appeal to the new aesthetics of customers. This series offers a two in one proposition of design and performance.

Crossloop GEN: A two in one combo of a TWS + speaker, Crossloop GEN comes with a High-Fidelity 3W speaker built in the charging case. It features instant connectivity with Bluetooth v5.0 that lets one enjoy their music with an outstanding long range of up to 10m. With 20+ hours of playtime (Speaker + Buds), the GEN comes with Smart touch controls which allows one to manage their calls and music efficiently, right through earbuds, and also allows access to voice assistant with 3 soft taps on the earbuds. The available variants include Black & Pine, Black & Teak, Black Leather, and Blue Leather case designs

Speakers: From outdoor speakers to speakers that would bring life to a house party, Crossloop Bluetooth speakers include the ultra-stylish Volar, ultra-premium Drom, and pocket party Akorn that come packed with a long-lasting battery.

Daily Fashion Earphone Series: With an inbuilt noise isolation mic for HD sound even on phone calls, the Crossloop Daily Fashion Series of earphones brings the perfect mixture of amazing sound and accessibility. They sport a 10mm Driver for HD sound along with bass metal for an enhanced sound experience.

Crossloop Charging Cables: Stylish Designer Cables with Quadbraid Technology for 100% Tangle free experience.

Which is the medium of sale that suits Crossloop and its target audiences?

As per the trend, we have observed the brand Crossloop is most appealing to the millennials and Gen Z audience, but significantly we also see traction and interest amongst Gen X and Babyboomers. Making the brand available for the target audience, we at Crossloop have always prioritised both e-commerce platforms and retail chains. Since the online purchase is a preferred medium of sale for our audience, we aim to make our product easily accessible for all our consumers.

Accessories have rare after-sales service available, are you different?

As a business or company that is customer-facing in the industry, one should highly prioritize after-sale customer service. It’s highly beneficial and creates a name for the business within a dense market. Customer experience is the core value of Crossloop and we have always emphasized buyers’ journey once they become a Crosslooper.  We have a dedicated team to offer complete support to our family of Crossloopers, should they need it.

Tell us about the competition in this domain because there are specific accessories players as well as mobile makers too?

We are focused on meeting our customers at a convergence of technology and style. Our products are unique and different and we aim to give our customers a personalised product which is in line with the current trend. With an exclusive product portfolio, we are working towards making the latest technology accessible at an affordable cost.

If you plan to go overseas, where and when it would be?

By the end of the year, we are expecting to launch ourselves in European markets. Given our investors’ stronghold in European markets, there is a huge demand for some of our products launched in India. With the evolving consumer behaviour, there is a wide reach of our product, thus we aim to ensure that every consumer in India owns an accessory that compliments their style. We look forward to addressing the needs of our extended consumer base in the overseas market.

Seems that Crossloop does not need a face to promote itself?

Our primary focus of communication has been our uniqueness, design, quality, and holistic experience.  We look to align with the right partners and industry players who support our positioning and values. The great customer experience also serves as a promotion for us, therefore, we aim to make it enjoyable for them.

Is TWS is the future?

TWS is the present! We see a mass acceptance of this technology as prices become even more mainstream and advancements can be seen in the sound quality, depth, battery, and seamless connectivity. Consumers have now adopted working and learning from home and require devices that help them in functioning on the go. The year 2020 has created a wider need for TWS at an affordable price to cater to the needs of our consumer base. Currently, we have Crossloop Gen which comes with a high-fidelity 3W speaker with a built-in charging case and also features instant connectivity with Bluetooth v5.0 in premium wood and leather finish. We can see more innovations and devices with advanced features in 2021 as the segment holds a lot of opportunities. We are dedicated to addressing the needs of our consumers with our exciting portfolio in the segment.

Noise is expected to launch ColorFitPro3 on February 10th

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Team My Mobile
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Noise, a home-grown connected lifestyle brand, is all set to launch a new addition to its bestselling series- ColorFit Pro on 10th February at 10 am.

The brand revealed a teaser on their official youtube channel sharing a glimpse of ColorFit Pro 3. Among the key features, the smartwatch will have a 1.55″ Truview display with customizable straps and watch faces.

The watch will be launched in multiple colors, and with cutting-edge technology.  The all-new display looks bigger than ever. Apart from that the upcoming watch seem to have a lot of health-oriented features including, stress monitoring, and a 24-hour heart rate.

And some added sports modes make the deal sweeter. However, this is all we know so far, for the exact pricing and more features of the watch we will have to wait!

Suniel Shetty enters into a strategic collaboration with O2Cure

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Team My Mobile
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Bollywood actor, entrepreneur & fitness enthusiast, Suniel Shetty enters into a  strategic collaboration with O2Cure, an establishment under Zeco Aircon Ltd. to introduce their air purification product line to the Indian markets.

O2Cure provides RGF’s (a US-based environmental design and manufacturing company) patented REME with  PHI-Cell technology that has been successfully tested by CCMB-CSIR virology lab in India for reduction of SARS-CoV 2 by 97.48% and by Innovation Bio-Analysis lab in USA for reduction of SARS-CoV-2 virus by 99% from air and surfaces. Their products also prevent from other air contaminants like bacteria, viruses, germs, gases, particles, dust, pollen, and other hazardous pathogens.

Suniel Shetty said, “I felt a sense of security & honesty when I  came across O2Cure products. Unlike other air purifier brands in the market, these products are really helpful in not  only controlling airborne diseases but also neutralising the novel coronavirus (SARS-CoV-2) upto 99%. Also, team O2 Cure’s motivation and commitment towards providing the society with a solution to fight the deadly virus, was inspiring. Their special expertise & focus on R&D has today enabled them to offer solutions such as these, designed to offer us the much needed sense of security as our lives move back to normalcy. I am pretty hopeful that this collaboration will lead to changing people’s life for good and bringing a sense of safety around their environment.”

Kartik Singhal, Founder of O2Cure said, “We are pretty excited to have Mr. Shetty in our team and feel that with his inclusion the team strength has grown multifolds. Anna brings with him years of experience in the media & entertainment industry & has created several successful brands and we are certainly looking to capitalize on this as a business. We are hopeful to push O2Cure not  just as a brand that can neutralise SARS-CoV-2 virus but as a necessity to your homes.”

BANKIT launches ‘Aadhar Pay Service’ to empower the rural population

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Team My Mobile
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BANKIT, a Noida-based fin-tech startup, has launched AADHAAR PAY using Aadhar-enabled Payment system technology of NPCI at its web portal and mobile app to enable its registered merchants and shop owners for taking payments from their customers easily.

Created exclusively for people who reside in rural areas of the country and are not tech-savvy, the newly launched service simply requires customers’ Aadhaar numbers, Aadhar-linked Bank names and customer’s presence at shop to complete the biometric to complete the payment process.

Available in 23 states across all 50,000 BANKIT outlets and 10,000+ Kirana stores, the service uses a biometric fingerprint scanner on the retailers phone to authenticate the transactions, hence a smartphone with the customer OR debit card etc. are not required for a digital payment from the bank account of the customer.

Furthermore, the fast-growing fin-tech startup charges a mere 0.30% + GST from merchants as MDR for AADHAAR PAY service, which is very less compared to debit/credit card payments where the Merchant Discount Rate (MDR) is 1%-1.5%.

The system is designed to automatically fetch the bank account linked with the customer’s Aadhaar number and debit the customer’s bank account and the Merchant’s BANKIT Wallet Balance will be credited on real time.

Amit Nigam, COO & Executive Director of BANKIT said, “Today, even the country’s rural population is looking to shift to e-payment methods. However, they often lack the technical know-how that is required for it. With BANKIT’s Aadhaar Pay Services, customers can now complete a digital payment at any BANKIT outlets/ kirana stores etc. across the country with just a biometric authentication. The service is aimed at empowering the local merchants to facilitate digitalisation for the digital Novice. The service is now available in current 10,000+ Kirana stores among 50,000+ Bankit Outlets, providing BANKIT services to their customers in the vicinity.”

The new service is available both on the BANKIT app as well as the website.

New Delhi saw the highest number of breakups in 2020: Bumble Survey

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Team My Mobile
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A recent nationwide survey by Bumble, the women-first social networking app, revealed that New Delhi saw the highest number of break-ups (28%) during the lockdown in 2020, the reason being “change in priorities due to COVID”.

Bumble also revealed a new trend in India–the rise in new dawn daters. 1 in 2 (over 46%) people on Bumble in India are likely to be “New Dawn Daters” – people who are newly single after experiencing a break-up during the COVID-19 pandemic in 2020. According to Bumble’s internal research, the biggest driver of breakups was the inability to see a partner (46.45%), 1 in 3 people (29%) also said that the pandemic has precipitated existing issues.

However, as we enter a new year, 2021 brings in a sense of optimism for single Indians as they are more intentional about finding love in 2021. Bumble’s internal survey found that the experiences of 2020 have made women more likely to focus on the right qualities in a potential partner, rather than putting pressure on themselves and rushing into things.

Samarpita Samaddar, Bumble India PR Director said, “2020 appears to have given women, in particular, the time, space, and courage to end a relationship which they knew wasn’t working, allowing them to focus on themselves instead. As we enter into 2021, there is a feeling of hope as young single Indians, particularly women, are overcoming the uncertainty of this new normal and taking steps towards a happier, healthier year. We predict that dating will ramp up in early 2021, as 69% of Bumble daters (globally) say they’re planning to use dating apps just as much as they did last year, if not more through Valentine’s Day 2021.”

 

Tips for a New Dawn Dater:

There are a few simple things you can do to make your Bumble profile shine:

Our studies have shown that the more information that someone shares on their profile, the more likely they are to find a new connection on Bumble.

Make sure to complete your bio: People on Bumble in India receive 41% more matches than people who leave it blank or don’t complete it.

Lead with humor and positivity: Focus on what you like rather than what you don’t like, what you are looking for rather than what you aren’t.

Utilize the full suite of photos – People on Bumble in India who add four to six photos to their profiles receive 30% more matches than people with less than three photos.

Your first photo should be just you, so all your potential matches know whose profile they are looking at. That said, a few group photos with friends are great to include as well. Use your photos as a way to express information about yourself – if you love traveling, include some photos from your trips, or if you love cooking, include some photos of you in the kitchen or at your favorite restaurant.

Take advantage of Bumble’s Badges features which allows you to easily indicate things like your height, star sign, religion, political leanings if you have pets, etc. – adding a Badge increases your chance of getting a match by up to 96% than people who don’t.

Verify your profile and get the blue tick of approval – With just a few simple steps, it makes the community collectively safer, and verified profiles are 81% more likely to get a match!

The most active day for Indians is Sunday, and the most popular time is between 8 pm – 10 pm, so head into the app at those times to watch your matches light up!

Finally, make your boundaries and intentions clear from the start: People who share what kind of dates they are comfortable with through Bumble’s new dating badges (virtual, socially-distanced, or socially-distanced with masks) see a 43% increase in matches than those who don’t. Every dater appreciates honesty and transparency – so be comfortable identifying your boundaries and communicating them!

MPL valued at $945 million post latest fundraise

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Team My Mobile
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Esports and mobile gaming platform Mobile Premier League is now valued at $945 million after raising $95 million in a Series D round.

The MPL gaming platform has over 60 million users in India and over 3.5 million users in Indonesia. With over 50 games across categories on its Android and iOS applications currently, MPL has worked with 28 game developers to publish their games on the platform and provide them with a new revenue stream.

The latest round was led by Composite Capital and Moore Strategic Ventures, with participation from Base Partners, RTP Global, SIG, Go-Ventures, Telstra Ventures, Founders circle and Play Ventures. The total capital raised by MPL since its inception in 2018 now stands at $225.5 million.

The pandemic-induced lockdown in 2020 provided a fillip to an already-booming esports industry in India and the world. MPL is at the forefront of democratizing esports in India and Indonesia, with initiatives such as the College Premier League (CPL), which was India’s biggest mobile esports festival. CPL saw participation from over 13,000 gamers and more than 100 colleges in India in November-December 2020, with Rs 1 crore in prizes and scholarships.

MPL will use this fresh influx of funds to expand its esports portfolio and bolster its efforts to organize more such esports tournaments nationally and internationally at scale. The funds will also be used to accelerate MPL’s international expansion this year.

“As we grow our presence and expand, this fresh round of funds will help us focus on our core value propositions – a robust platform with the best features for gamers and onboarding the best esports titles. The esports community in India is thriving, and we believe this is the perfect time to take Indian-made games to the world as well as help Indian gamers get recognized for their talent,” said Sai Srinivas, Co-Founder and CEO, MPL.

“We are excited to partner with the MPL team and support their continued growth. As an industry leader in the gaming market, we believe the company will continue to innovate and drive the evolution of esports, both in India and internationally,” said Kanush Chaudhary, Managing Director, Composite Capital.

“As we double down on our investment in MPL, we are eager to see it increasing its international footprint and becoming a global leader in the mobile gaming and esports industries,” said Eduardo Latache, Partner, Base Partners.

“We are thrilled to have Composite Capital and Moore Strategic Ventures as new partners. Throughout the Series D process, we were impressed with their deep understanding of the mobile gaming and esports ecosystem. We look forward to working with them as we continue to build a global gaming business out of India,” said Joe Wadakethalakal, SVP, Corporate Development and Investor Relations, MPL.

Last week, MPL also announced raising $500,000 from existing employees under its Employee Investment Plan, which saw participation from 10 per cent of the company’s employees.

HCL Signs 5-Year Digital Workplace Services Agreement with Airbus

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Team My Mobile
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HCL Technologies today announced it has signed a five-year Digital Workplace Services Agreement with Airbus. HCL will establish a modernized digital workplace to enhance the user experience and service quality for the majority of Airbus employees globally.

HCL was selected as Airbus’ preferred partner as it was able to offer the broadest combination of standard functionality and innovation capabilities to generate greater efficiency and improved time to market. HCL’s Fluid Workplace Model will enable Airbus to deploy  the latest digital technologies and  will rapidly simplify Airbus’ existing IT processes and optimization of delivery costs, using unique end-to-end management services to cover the information and operational technology landscape.

Sandeep Saxena, Executive Vice President (UK&I, France & Benelux), HCL Technologies said, “We’re delighted to be working with Airbus as a key strategic partner in its digital workplace transformation journey. The combination of HCL’s scale transformational expertise and management capabilities of IT and OT landscape will enable Airbus to remain at the forefront of innovation and deliver leading-edge user experiences.”

HCL’s Fluid Workplace Model which enables businesses to meet the challenges of remote working, will enable Airbus to deploy the latest digital technologies and will help simplify Airbus’ existing IT processes and optimization of delivery costs, using unique end-to-end management services to cover the information and operational technology landscape.

This strategic transformation partnership will expand HCL’s global footprint. Over the last 5 years, HCL has been investing significantly in building its digital capabilities and winning major deals across the world.

The company’s revenue crossed the $10 billion milestone in 2020, delivering 3.6% cent year-on-year growth in constant currency.

Canon celebrates milestone with production of 150 million interchangeable RF and EF lenses

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Team My Mobile
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Canon announced today the achievement of a new lens-manufacturing milestone with the production on January, 2021, of the Company’s 150-millionth RF and EF series interchangeable lens for EOS cameras—an RF70-200mm F2.8 L IS USM telephoto zoom lens.

Production of interchangeable RF and EF lenses for Canon EOS-series AF (Autofocus) single-lens reflex film cameras began in 1987 at the Company’s Utsunomiya Plant. Over the years, RF and EF lenses have gained support from a wide range of users and production has since expanded to a total of four manufacturing bases.

EF lens production passed the 10-million-unit mark in 1995 and crossed the 50-million-unit threshold in 2009. In April 2014, the Company celebrated its first-in-the-world achievement of having manufactured 100 million interchangeable lenses, and now, setting a new world record for the most interchangeable lenses produced, Canon manufactured its 150-millionth RF and EF lens in January 2021.

Canon’s proprietary EF lenses, launched in March 1987 along with the EOS SLR camera system, have continued to evolve since their introduction, leading the industry through the incorporation of a wide range of innovative technologies, including such world’s firsts as the Ultrasonic Motor (USM), Image Stabilizer (IS) technology, and a multilayered diffractive optical (DO) element.

In 2018, Canon introduced the EOS R system and the RF series lenses, which pursues new heights of quality under the core concept of, “Speed, Comfort and High Image Quality.” Today, the Company’s extensive RF and EF lens series lineup currently comprises a total of 118 models, expanding the possibilities of image capture.

In addition, thanks to the support provided by its rich lineup of lenses, Canon has maintained the No.1 market share for digital interchangeable-lens cameras since 2003—a total of 17 years—and in September 2019, the Company celebrated the production of 100 million EOS-series interchangeable-lens cameras.

Court directs telcos to strictly implement TRAI regulations to curb unsolicited communication

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Team My Mobile
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Indian digital financial services platform, Paytm, has achieved a milestone to protect the digital infrastructure from phishing attacks.

The Honourable Delhi High Court today in response to a writ petition filed by Paytm Payments Bank Ltd (PPBL) & One97 Communications (OCL) ordered TRAI and Telcos to strictly implement regulations to curb unsolicited commercial communication to safeguard innocent users. The court further directed all telecom operators (as access providers) in the country to adhere to the guidelines set by TRAI and take appropriate action against registered and unregistered telemarketers making or enabling fraudulent calls & SMSs.

As highly sensitive to its customer concerns, PPBL and OCL had last year filed a writ petition in Delhi High Court seeking legal, policy regulatory directive to restrict the access of fraudsters from the bulk SMS packages sending fake messages and calls impersonating as Paytm companies. The petition highlighted that such fraudulent calls and SMSes not only result in a financial loss to its customers but also severely damages the reputation of Paytm as a brand.

Internet and Mobile Association of India (IAMAI) had supported Paytm and filed an intervention representing many Payments System Operators (PSOs) to support stringent implementation of TCCCPR and building secure Digital payments experience resulting in acceleration of adoption of digital payments.

Satish Kumar Gupta, CEO & Managing Director, Paytm Payments Bank Ltd said, “Today’s decision by the Honourable Court will go a long way in safeguarding millions of Indians in the country who make digital payments and other online transactions. We strongly believe that all of us including regulator, government and access providers have to come together to fight the menace of fraudulent calls and SMSs in the country. We are sanguine that Telcos will abide by the court’s order in true spirit. This is important to further reinforce the trust of citizens in digital transactions and help in building a truly digital and AtmaNirbhar Bharat.”

The strict and proper implementation of TCCCPR will ensure access of Bulk SMS capacity to only Registered TeleMarketers (RTMs) and no unauthorized telemarketer or principal entities will be able to send any phishing SMSes and calls to users of Digital financial services.

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