Connect with us

Latest News

HMD Partners with Xplora to Develop Kids and Teen-Focused Phones!

Published

on

HMD Partners with Xplora to Develop Kids and Teen-Focused Phones!

HMD Global has announced a strategic partnership with Norway-based Xplora, known for its smartwatches designed for children. This collaboration aims to create a new type of phone that serves as an alternative to traditional smartphones, specifically targeting children and teenagers. The initiative stems from a global survey conducted by HMD earlier this year, revealing a parental demand for addiction-free devices that enhance productivity among youth. While details regarding the phone’s name, features, or launch timeline have yet to be disclosed, the project is generating considerable interest.

Background and Motivation

In a press release dated October 29, HMD emphasized its commitment to developing “responsible and mindful devices” for young users through this partnership. The collaboration follows the launch of HMD’s Better Phone Project, which included a survey of 10,000 parents. The findings indicated that over half of the respondents regretted providing their children with smartphones at an early age, citing negative impacts on family time, sleep, physical activity, and social interactions.

Key Findings from the Survey

  • Over 50% of parents regretted giving their children smartphones early.
  • 75% of parents expressed concerns about smartphones exposing their children to internet dangers.
  • Nearly 50% of parents noted that mobile phone use has changed their child’s personality.

Development Focus

HMD is working on a range of new solutions that present viable alternatives to smartphones, starting with a phone designed specifically for kids and teenagers. The company has previously introduced features like Detox Mode in its HMD Skyline and HMD Fusion devices, aimed at helping users manage screen time effectively.

Features Under Consideration

While specifics about the upcoming device remain under wraps, there is speculation that the first unit from the HMD and Xplora collaboration may be unveiled at the 2025 Mobile World Congress, scheduled for March next year. This event could serve as a significant platform for showcasing innovations aimed at improving digital well-being among young users.

Current Developments: HMD Sage Smartphone

In the meantime, reports indicate that HMD is preparing to launch the HMD Sage smartphone, which has been spotted online featuring a design reminiscent of the HMD Skyline and HMD Crest models. This device is expected to be powered by the Unisoc T760 5G chipset, equipped with 50-megapixel cameras on both the rear and front, and capable of 33W wired fast charging.

Anticipated Specifications

  • Chipset: Unisoc T760 5G
  • Camera: 50-megapixel on both rear and front
  • Charging: 33W wired fast charging

Conclusion

HMD Global’s partnership with Xplora marks an important step towards addressing parental concerns regarding smartphone usage among children and teenagers. By focusing on creating devices that promote healthy usage patterns while enhancing productivity, HMD aims to fill a significant gap in the market.

As this initiative unfolds, it will be critical for HMD to maintain open communication with parents and stakeholders to ensure that the final product meets the needs of both users and their families. With ongoing developments in this space, consumers can look forward to innovative solutions designed specifically for younger audiences in an increasingly digital world.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Piyush Anchliya Joins Cashfree Payments as CFO Amid Expansion in India’s Fintech Sector

Published

on

Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

Continue Reading

Latest News

Flipkart’s Jeyandran Venugopal Likely to Join Reliance Retail as CEO

Published

on

Flipkart - StartupStories

Jeyandran Venugopal, the outgoing Chief Product and Technology Officer of Flipkart, is set to become the CEO of Reliance Retail Ventures (RRV), the retail arm of Reliance Industries. His appointment, expected to be finalized in May after his exit from Flipkart, signals Reliance’s push to strengthen its retail business with a technology-first approach.

Venugopal brings extensive experience from leading roles at Flipkart, Myntra, Yahoo, Snapdeal, and Amazon, where he focused on scaling technology platforms and driving innovation. At Flipkart, he managed product, engineering, data science, and more, helping build robust systems and improve user experience.

His move comes as Reliance Retail undergoes transformation, including cost-cutting and a renewed focus on digital growth. Venugopal’s leadership is expected to accelerate Reliance’s ambitions in omnichannel and tech-driven retail, positioning the company for continued dominance in India’s evolving market.

Continue Reading

Latest News

Delhivery’s Acquisition of Ecom Express: A Major Consolidation in Indian Logistics

Published

on

Delhivery’s Acquisition of Ecom Express: A Major Consolidation in Indian Logistics,Startup News,Startup Stories 2025,Startup Stories India,Startup Latest News,Startup Story,Delhivery,Delhivery’s Acquisition of Ecom Express,Indian Logistics,Stock Market News,Stock Market,Indian Stock Market,Ecom Express,Delhivery Acquires Controlling Stake In Ecom Express,Delhivery's ₹1407-crore Acquisition Of Ecom Express,Ecom Express Acquisition,Delhivery To Acquire Ecom Express,India's Logistics Landscape,Logistics Acquisition,E-commerce Logistics,Indian Logistics Market,Delivery Infrastructure,Logistics Technology,Supply Chain Consolidation,Acquisitions,Stock Market Updates,Business News,Business News Today,Share Market Today,Delhivery Share Price,Delhivery Share,Delhivery Share News,Delhivery IPO,Delhivery Stock News,Delhivery Stock Market,Delhivery New Acquistion

Delhivery, one of India’s leading logistics companies, has announced its acquisition of Ecom Express in an all-cash deal valued at ₹1,407 crore. This strategic move marks one of the largest consolidations in the logistics sector and is expected to enhance Delhivery’s scale, profitability, and operational efficiency.

Background

Ecom Express, founded in 2012 and headquartered in Gurugram, has faced significant financial challenges recently. The company canceled its IPO plans in 2024 and laid off hundreds of employees due to operational setbacks, including losing a major client, Meesho, which shifted to its in-house logistics service Valmo. These struggles led to a distressed sale, with private equity investors like Warburg Pincus and Partners Group exiting their stakes entirely.

Strategic Benefits for Delhivery

  1. Enhanced Scale: The acquisition will strengthen Delhivery’s network reach and infrastructure, enabling better service delivery across India.
  2. Operational Synergies: Combining operations with Ecom Express will improve efficiency and reduce costs through economies of scale.
  3. Competitive Edge: With Ecom Express as a subsidiary, Delhivery solidifies its leadership position in the logistics space by offering broader coverage and faster services.

Challenges Addressed

The acquisition mitigates risks from Ecom Express’ financial struggles while addressing past disputes between the two companies over inflated shipment volumes reported by Ecom Express during IPO filings.

Future Outlook

The deal is expected to close within six months after regulatory approval from the Competition Commission of India (CCI). Post-acquisition, Ecom Express will operate as a subsidiary of Delhivery, unlocking new growth opportunities such as advanced logistics technology integration and expanded customer reach.

With ₹5,488 crore in cash reserves as of September 2024, Delhivery is well-positioned to finance this acquisition without compromising financial stability. This move underscores Delhivery’s commitment to innovation and efficiency in India’s rapidly evolving logistics landscape.

Continue Reading
Advertisement

Recent Posts

Advertisement