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Myntra Acquihires Logistics Startup InLogg
Published
8 years agoon
Myntra, the fashion e-commerce company has announced the acquihire of InLogg, the Bengaluru-based logistic company, to improve customer experience and to expand its reach. This decision of the company will take Myntra in the direction of profits because fast and accurate delivery will lower their expenses.
InLogg was founded in 2015, provides unified and scalable logistics service to e-commerce companies with high reliability, visibility and at a reasonable cost. After this acquihire process, the whole InLogg team will be inducted into Myntra. This will help Myntra to strengthen local deliveries. InLogg provides Software as a Service (SaaS) for managing the application for delivery and pickup, COD facility, returns, analytics, and reporting.
Ananya Tripathi, Chief Strategy and Planning Officer, Myntra, speaking about the acquisition said “ Myntra is holding on a strong trajectory with an 80% growth annually. The acquihire of InLogg also helps to improve the customer experience, it also helps to enhance the reach and decrease the delivery time.”
Ambarish Kenghe, Chief Product Officer, Myntra, says “After the passing of (the) GST bill, introducing the value-added services and keeping the efficiency in FY18, Myntra will continue to invest in supply chain management.”
Myntra has been trying to decrease costs and increase margins– so these cost efficient logistic services will be the main factor in increasing the margins. Presently, Myntra is using its in-house logistics for 80% of deliveries and the remaining 20% by the Ekart Logistics of the parent company Flipkart. The SaaS technology will surely improve the supply chain management and logistics of Myntra.
Myntra also launched an offline store for its private label Roadster in Bengaluru, creating an omnichannel path to improve the customer experience. Omnichannel is the best cost efficient platform for any retail because it lowers transportation charges.
Let us see, how this move will make profits for Myntra.
Also, read FOODTECH STARTUP HOLACHEF RAISES $5 MILLION FROM KALAARI AND OTHERS
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Latest News
GitHub Enhances Copilot with Multi-Model Support and Unveils GitHub Spark AI Tool!
Published
2 days agoon
October 31, 2024GitHub has announced a significant upgrade to its AI coding assistant, GitHub Copilot, during the GitHub Universe 2024 event in San Francisco. This update introduces multi-model support, allowing developers to select from various AI models developed by Anthropic, Google, and OpenAI, providing greater flexibility in coding projects. Alongside this enhancement, GitHub also launched a new AI tool called GitHub Spark.
Enhanced Capabilities for GitHub Copilot
Since its launch in 2021, GitHub Copilot has revolutionized coding assistance, enabling developers to utilize AI for writing code, debugging, and enhancing security. With this latest update, users of the AI assistant in Visual Studio Code and on the official website can choose from several advanced AI models, including:
- Anthropic’s Claude 3.5 Sonnet
- Google’s Gemini 1.5 Pro
- OpenAI’s GPT-4o, o1-preview, and o1-mini
Currently, Claude 3.5 Sonnet is available, with Gemini 1.5 Pro expected to be added shortly.
Developers will have the option to switch between models during their interactions with Copilot Chat, allowing them to determine which model best suits their needs. Additionally, users can select a preferred AI model at the start of their project, streamlining their workflow from the outset.
Benefits of Multi-Model Support
This multi-model approach enables developers to leverage the strengths of different AI models tailored for specific tasks. For instance:
- Claude 3.5 Sonnet excels at complex coding tasks across the software development lifecycle.
- Gemini 1.5 Pro features a two-million-token context window and is natively multi-modal, capable of processing code, images, audio, video, and text simultaneously.
- OpenAI’s models provide advanced reasoning capabilities that enhance code understanding and efficiency.
Introduction of GitHub Spark
In addition to the Copilot upgrades, GitHub introduced GitHub Spark, an AI-native tool designed for developers of all skill levels. This feature allows users to generate “micro apps,” referred to as “sparks,” which can incorporate AI capabilities and external data sources into larger applications without heavy reliance on cloud servers.
How GitHub Spark Works
Creating a micro app with GitHub Spark is straightforward; developers simply need to input a natural language prompt outlining their requirements. They will then receive a preview of the app. Users can either modify the app code directly or issue follow-up prompts for the AI to make adjustments. GitHub Spark supports both Anthropic and OpenAI models.
Once a spark is generated, it can be run seamlessly on desktops, tablets, or smartphones. Users have the option to share their creations with others, either with customized access controls or full permissions for others to remix or build upon the spark.
Reinforcing Developer Productivity
With these updates, GitHub is reinforcing its commitment to enhancing developer productivity and fostering innovation in software development. The introduction of multi-model support and GitHub Spark aligns with GitHub’s vision of reaching one billion developers by providing tools that cater to diverse coding needs and preferences.
Future Developments
GitHub hinted that more features are planned for both Copilot and Spark in future updates, further expanding their capabilities and enhancing user experience. This commitment to innovation positions GitHub as a leader in integrating AI into the software development process.
Conclusion
The enhancements to GitHub Copilot and the introduction of GitHub Spark represent significant strides in making coding more accessible and efficient for developers. By offering multi-model support and facilitating the creation of micro apps through natural language prompts, GitHub is not only improving its existing tools but also paving the way for future innovations in software development.
As these features roll out, it will be interesting to see how they impact developer workflows and whether they lead to increased adoption of AI-driven solutions within the coding community.
Latest News
Netflix Introduces “Moments” Feature for Sharing Favorite Scenes from Movies and TV Shows!
Published
2 days agoon
October 31, 2024Netflix has launched a new feature called “Moments” that allows users to save and share their favorite scenes from movies and TV shows with friends and family. Currently available on the Netflix mobile app for iOS users, the feature enables viewers to bookmark memorable clips and share them directly through social media platforms. Netflix has confirmed that support for Android will roll out in the coming weeks.
What is Netflix Moments?
Netflix Moments is designed to help users relive iconic moments from their favorite shows and movies by allowing them to save and share clips within the app. With movie and TV show scenes frequently shared on social media, Moments positions Netflix to engage users by letting them highlight and circulate memorable content directly through the platform.
In a statement to Variety, Netflix actor Giancarlo Esposito expressed his enthusiasm for Moments, stating, “I know firsthand there’s something magical that happens when a powerful story finds its audience on Netflix. Suddenly everyone is captivated and can’t stop talking about it, and that passion just keeps compounding.” Netflix hinted that this is just the beginning for Moments, with “more features” planned to enhance the sharing experience.
How Does Moments Work?
According to Netflix, Moments can be accessed while watching content on the mobile app. The new Moments button will appear alongside options like playback speed, episodes, audio, and subtitles. To save a Moment:
- Tap the screen while watching a show or movie.
- Select the Moments option from the menu.
- The scene will be saved in the My Netflix section of the app.
Users can then instantly share these scenes with friends and family on platforms such as Instagram, Messenger, WhatsApp, or Snapchat. This functionality not only enhances user engagement but also provides a more interactive way for fans to connect with the content they love.
Enhancing Viewer Engagement
With Moments, Netflix aims to strengthen viewer engagement by transforming passive viewing into an interactive experience. This feature allows fans to curate their own collections of memorable scenes, creating fresh opportunities to engage with stories they cherish.
Integration with Social Media
The ability to share clips directly through social media aligns with modern viewing habits, where sharing highlights has become commonplace. By facilitating this process, Netflix hopes to encourage conversations around its content, potentially driving new viewers to its platform.
Future Plans for Moments
Netflix has indicated that it plans to expand the functionality of Moments in future updates. This could include additional features that enhance how users interact with shared content, further solidifying Netflix’s position in an increasingly competitive streaming landscape.
Celebrity-Driven Campaign
To promote this new feature, Netflix has launched a campaign titled “It’s So Good,” featuring prominent celebrities like Cardi B, Simone Biles, and Giancarlo Esposito. The campaign aims to showcase how memorable moments can resonate with audiences and encourage sharing among friends.
Conclusion
The introduction of the Moments feature represents a significant evolution in how Netflix viewers engage with streaming content. By allowing users to bookmark, save, and share their favorite scenes easily, Netflix is enhancing user interaction while adapting to the increasingly social nature of digital entertainment.
As this feature rolls out across platforms, it will be interesting to see how it impacts viewer behavior and whether it leads to increased engagement on Netflix’s platform. With ongoing developments planned for Moments, Netflix is positioning itself at the forefront of interactive streaming experiences, catering to both casual viewers and dedicated fans alike.
Latest News
Jio Payment Solutions Secures RBI Approval to Compete with Paytm in Digital Payment Services!
Published
2 days agoon
October 31, 2024Jio Payment Solutions, a branch of Jio Financial Services (JFS), has received regulatory approval from the Reserve Bank of India (RBI) to function as an online payment aggregator, effective from October 28, 2024. This approval allows Jio Payments to facilitate digital transactions for both merchants and consumers, positioning it to compete directly with established players like Paytm.
Strategic Significance of the Approval
This development marks a pivotal moment for Jio Payments, as it joins a select group of RBI-certified online payment aggregators in India. The timing of this approval creates a strategic opportunity for Jio Payments to increase its influence in the digital financial services sector, especially as competitor Paytm faces recent regulatory limitations. Due to compliance issues, Paytm’s financial arm, Paytm Payments Bank, has been restricted from onboarding new customers, curbing its expansion. This situation opens a potential market gap that Jio can leverage as it establishes itself as a prominent player in the digital payments landscape.
Features and Offerings
As an online payment aggregator, Jio Payments will empower businesses to accept a broad range of payment options, including debit and credit cards, Unified Payments Interface (UPI), e-wallets, and more. These offerings will complement Jio Payments Bank’s existing services, which include digital savings accounts with biometric access and physical debit cards, currently serving over 1.5 million active users.
Market Context
With RBI’s approval, Jio Payments is well-positioned to compete in India’s expanding fintech sector. This authorization reflects RBI’s confidence in Jio’s regulatory compliance and reinforces JFS’s aspirations to deliver comprehensive digital banking and payment solutions across the country.
Competitive Landscape
The regulatory nod comes at a critical time for Paytm, a leader in India’s digital payment space, which is confronting ongoing challenges. Paytm’s Payments Bank recently faced restrictions from the RBI on onboarding new customers, impacting its ability to expand. As Paytm grapples with these challenges, Jio Payments has an opening to broaden its reach and capture new users in India’s fast-growing digital finance arena.
Future Growth Potential
Jio Financial Services has ambitious plans for growth within the digital payments sector. With a suite of licenses covering lending, insurance broking, and payment aggregation, Jio processed approximately 1.8 million UPI payments in April 2024 alone. This underscores its goal to become a major player in digital finance.
Rising Demand for Digital Payments
The demand for digital payments continues to surge in India, driven by increasing smartphone penetration and the growing popularity of UPI transactions. As cash usage declines—representing about 60% of consumer spending as of March 2024—digital payment methods are becoming essential for consumers seeking convenience and efficiency.
Conclusion
Jio Payment Solutions’ recent approval from the RBI marks a significant step forward in its efforts to establish itself as a key player in India’s digital payment ecosystem. By leveraging this opportunity amidst challenges faced by competitors like Paytm, Jio aims to expand its customer base and enhance its service offerings.
As the digital finance landscape evolves, Jio’s entry into online payment aggregation could reshape consumer behavior and preferences in India. The company’s commitment to integrating advanced technology into its services positions it well for future growth in an increasingly competitive market.
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