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Paytm Founder Vijay Shekhar Sharma On 100 Most Influential People List
Published
8 years agoon
On Thursday, The Times released its annual 100 Most Influential People in the world in 2017 and two Indians made their entry onto this list – PM of India, Shri Narendra Modi, and Paytm’s founder Vijay Shekhar Sharma.
The 43-year-old Cheif Executive of the Indian mobile payments platform is the only Indian entrepreneur to be featured on the 2017 list.
This list also included US President Donald Trump, actor Emma Stone, philanthropist Melinda Gates, WikiLeaks founder Julian Assange, Amazon CEO Jeff Bezos, President of Russia Vladimir Putin, CEO, and founder of Snapchat Evan Spiegel.
The Times magazine has featured a list of pioneers, artists, actors, titans, leaders and icons from all around the world. Vijay Shekhar was listed under the titan category followed by Jeff Bezos. It was in March this year, Sharma was ranked as India’s youngest billionaire by Forbes magazine, as his net worth is $1.3 billion.
Infosys co-founder Nandan Nilekani, who wrote Sharma’s profile was all praises for the Paytm founder. He said: “When Modi government announced (the) Demonetisation act in November, Sharma seized that moment and with a flurry of ads he encouraged people to start using the Paytm’s (sic) digital wallet platform to pay for every day’s goods and services.”
Seeing his performance in the Indian economy market, Alibaba’s Jack Ma is now an investor in Paytm. Vijay Shekhar Sharma shared his happiness on Twitter.
So privileged that @NandanNilekani has written this. 🙏🏼🙏🏼 and thank you @TIME for making this sound so big 🙂 https://t.co/Li6rdoqj4I
— Vijay Shekhar (@vijayshekhar) 20 April 2017
Check out the 2017’s full list of 100 Most Influential People in the world
- Biram Dah Abeid, Mauritanian politician, activist
- David Adjaye, architect
- Riz Ahmed, actor
- Thelma Aldana, Attorney General of Guatemala
- James Allison, immunologist
- Guillem Anglada-Escudé, Natalie Batalha and Michaël Gillon, astronomers
- Julian Assange, founder of WikiLeaks
- Margaret Atwood, novelist
- Stephen Bannon, White House Chief Strategist
- Cindy Arlette Contreras Bautista, activist
- Samantha Bee, actor, comedian
- Fatou Bensouda, Chief Prosecutor, International Criminal Court
- Jeff Bezos, CEO, Amazon
- Simone Biles, gymnast
- Bob Bland, Tamika Mallory, Carmen Perez and Linda Sarsour, organizers, Women’s March
- Jason Blum, director
- Tom Brady, football player, New England Patriots
- Gretchen Carlson, advocate for workplace equality, former Fox News anchor
- Chance the Rapper, rapper
- George Church, geneticist
- James Comey, director, FBI
- James Corden, host, The Late Late Show with James Corden
- Viola Davis, actor
- Rodrigo Duterte, President of the Philippines
- Ava DuVernay, director
- Daniel Ek, co-founder, and CEO, Spotify
- Theo Epstein, president of baseball operations, Chicago Cubs
- Recep Tayyip Erdoğan, President of Turkey
- Fan Bingbing, actor
- Bob Ferguson, Attorney General of Washington
- Melinda Gates, philanthropist
- Donald Glover, actor, writer, rapper
- Ashley Graham, model
- Glenda Gray, physician, and researcher
- Kirsten Green, founder, Forerunner Ventures
- Gavin Grimm, activist
- Demis Hassabis, artificial intelligence pioneer
- LeBron James, basketball player, Cleveland Cavaliers
- Barry Jenkins, director
- Leslie Jones, comedian, actor
- Colin Kaepernick, football player
- Alicia Keys, singer
- Kim Jong Un, Supreme Leader of North Korea
- Jared Kushner, White House senior adviser
- John Legend, singer, songwriter
- John Lewis, U.S. Congressman, 5th District of Georgia
- Leila de Lima, Philippine opposition senator
- Jean Liu, president, Didi Chuxing
- Demi Lovato, singer
- Barbara Lynch, chef, restaurateur
- Kerry James Marshall, artist
- General James Mattis, Secretary of Defense, U.S.
- Theresa May, Prime Minister of the United Kingdom
- Conor McGregor, mixed martial artist
- Rebekah Mercer, Republican donor
- Alessandro Michele, designer, Gucci
- Narendra Modi, Prime Minister of India
- Neymar, soccer player
- Sandra Day O’Connor, former Supreme Court Justice, founder, iCivics
- Sarah Paulson, actor
- Jordan Peele, actor, comedian, filmmaker
- Tom Perez, chairman, Democratic National Committee
- Ben Platt, actor
- Pope Francis, Pontifex
- Reince Priebus, White House Chief of Staff
- Vladimir Putin, President of Russia
- Ryan Reynolds, actor
- Margot Robbie, actor
- RuPaul, television personality
- Raed Saleh, head of Syria’s White Helmets
- Juan Manuel Santos, President of Colombia
- Chuck Schumer, U.S. Senator, New York
- Vijay Shekhar Sharma, entrepreneur, founder, Paytm
- Ed Sheeran, singer, songwriter
- Cindy Sherman, photographer
- Raf Simons, designer, chief creative officer, Calvin Klein
- Qasem Soleimani, commander of Iran’s Quds Force
- Evan Spiegel, CEO, and co-founder, Snapchat
- Emma Stone, actor
- Donald Trump, President of the United States
- Ivanka Trump, White House special assistant
- Dr. Celina Turchi, infectious disease expert
- Bernard J. Tyson, CEO, Kaiser Permanente
- Hamdi Ulukaya, entrepreneur, CEO, Chobani
- King Maha Vajiralongkorn, King of Thailand
- Guus Velders, atmospheric chemist
- Margrethe Vestager, antitrust czar, European Union
- Jeanette Vizguerra, activist
- Wang Qishan, senior leader, Communist Party, China
- Elizabeth Warren, U.S. Senator, Massachusetts
- Colson Whitehead, novelist
- Constance Wu, actor
- Xi Jinping, President of the People’s Republic of China, General Secretary, Communist Party, China
- Janet Yellen, chair, Federal Reserve
- Yuriko Koike, Governor of Tokyo
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Inkers Technology Raises $3 Million to Revolutionize Construction with AI!
Published
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December 20, 2024Inkers Technology, a leading AI-powered construction technology startup, has successfully raised $3 million in a Series A funding round led by prominent investor Ashish Kacholia’s Lucky Investments. This funding will be instrumental in accelerating the company’s growth, expanding its team, and enhancing its innovative AI-powered platform, Observance.
How Observance Works
Observance is designed to transform the construction industry by automating complex data processing tasks and providing actionable insights. The platform leverages advanced AI algorithms to process vast amounts of construction data, including:
- Point Cloud Data: Captured from laser scans of construction sites.
- Images: Photographic evidence of site conditions.
- BIM Models: Building Information Modeling data that represents the physical and functional characteristics of facilities.
- Project Schedules: Timelines that outline project milestones and deadlines.
Key Features
With Observance, construction teams can:
- Identify Defects Early: The platform detects and prioritizes potential issues such as water seepage, concrete defects, and structural problems.
- Streamline Workflows: Automates routine tasks and optimizes resource allocation to enhance efficiency.
- Accelerate Project Delivery: Reduces project timelines and minimizes costly delays through improved planning and execution.
- Improve Decision-Making: Provides valuable insights that enable informed decisions throughout the project lifecycle.
A Proven Track Record
Inkers Technology has already made significant strides in the industry, with its platform deployed across 150+ construction sites in major Indian cities such as Bengaluru, Delhi NCR, Kolkata, Chennai, and Hyderabad. Observance has processed over 2 petabytes of data, identifying more than 40,000 defects, which has saved clients millions of dollars in potential rework costs.
The unique approach of Observance sets it apart from traditional methods. It can quickly scan large areas—up to 100,000 square feet per hour—and generate accurate as-built 3D models, thermal maps, and detailed reports within 24 to 48 hours. This efficiency drastically reduces the time required for project planning and execution compared to conventional practices.
Future Growth Plans
The newly acquired capital will be utilized to further enhance Observance’s capabilities and expand its reach within the construction industry. Inkers Technology aims to drive digital transformation by solving critical challenges faced by infrastructure projects across India and beyond. The company plans to enhance its product offerings by integrating more advanced features such as real-time analytics and automated reporting tools.
Founders’ Vision
Co-founded by Rohan Shravan, Manish Giri, and Srikanth Kannada, Inkers Technology is committed to leveraging cutting-edge technologies like computer vision, deep learning, and hardware-level acceleration to optimize construction processes. Their vision is to create a more efficient and sustainable construction environment through innovative AI solutions.
Conclusion
With this fresh infusion of capital, Inkers Technology is well-positioned to revolutionize the construction industry and shape the future of building and infrastructure. By harnessing the power of AI through its Observance platform, the company not only enhances operational efficiencies but also contributes significantly to cost savings and improved project outcomes for its clients. As the construction sector increasingly embraces digital transformation, Inkers is poised to lead the charge with its innovative solutions.
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DigiBoxx Partners with Arctera to Enhance Cloud Backup Solutions for Indian Firms!
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December 20, 2024DigiBoxx, a prominent Indian cloud storage service provider, has announced a strategic partnership with Arctera, a leading data management firm. This collaboration aims to bolster cloud backup and recovery capabilities for Indian enterprises by integrating Arctera’s Backup Exec solution into DigiBoxx’s Megh3 platform.
Megh3: India’s First Indigenous Cloud Storage Solution
Megh3 is a pioneering indigenous, fully managed elastic cloud storage solution that offers cost-effective and scalable storage services tailored for Indian businesses. By integrating Backup Exec, Megh3 will further empower organizations to safeguard their critical data with advanced backup and recovery features. This partnership is particularly significant as it enhances the existing capabilities of Megh3, making it a more comprehensive solution for data management.
Key Benefits of the Partnership
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- Simplified Data Management: The integration simplifies data management tasks, reducing the need for extensive IT resources and infrastructure investments. Organizations can manage their data more effectively without overwhelming their IT teams.
- Scalable and Reliable Backup: Backup Exec offers scalable backup solutions that accommodate growing data volumes and evolving business needs. This flexibility is crucial for businesses looking to adapt to changing market conditions.
- Secure Data Storage: DigiBoxx’s Megh3 ensures that all data is stored securely within India, addressing concerns related to data sovereignty and compliance with local regulations. This feature is particularly appealing to businesses that prioritize data privacy and security.
Arctera’s Commitment to Data Protection
Arctera, which was recently spun off from Veritas Technologies, is dedicated to delivering innovative data protection solutions. The company’s Backup Exec product line is trusted by numerous organizations worldwide, including 70% of Fortune 100 companies. Simon Jelley, General Manager and Vice President of Data Protection at Arctera, emphasized the importance of reliable backup solutions, stating that Backup Exec provides comprehensive data protection and recovery capabilities that empower businesses to focus on their core operations.
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This strategic partnership between DigiBoxx and Arctera marks a significant step toward strengthening the cloud infrastructure ecosystem in India. By offering advanced cloud backup and recovery solutions through Megh3, the two companies aim to empower Indian businesses to thrive in the digital age. As organizations increasingly rely on digital solutions for their operations, having robust backup systems in place becomes essential for ensuring business continuity and protecting valuable data assets. This collaboration not only enhances the technological landscape in India but also supports the broader goal of fostering digital transformation across various sectors.
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Ola’s Head of HR Steps Down Amid Wave of Leadership Exits!
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December 20, 2024N Balachandar, the Group Chief People Officer of Ola, has resigned from his position, marking the latest in a series of high-profile exits at the company. His departure comes during a tumultuous period for Ola, which has faced significant challenges and changes within its leadership team.
Background on N Balachandar
Balachandar joined Ola in 2021, overseeing the HR functions for various segments of the company, including ride-hailing, electric vehicles, and artificial intelligence. His role was crucial in shaping the company’s workforce strategy during a time of rapid growth and transformation. However, his exit adds to a growing list of departures that have raised concerns about stability within Ola’s leadership.
Recent Executive Exits
In recent months, Ola has witnessed several notable executive departures:
- Siddharth Shakdher, the former Chief Business Officer of Ola Consumer, left to pursue other opportunities after a brief tenure.
- Mahesh Alanthat, the former Vice President and Head of Sales at Ola Electric, also exited amid ongoing restructuring efforts.
- The company has conducted layoffs, particularly within its electric vehicle division, further indicating internal challenges.
These exits highlight a potential crisis in leadership stability as Ola navigates a competitive landscape and seeks to redefine its strategic direction.
Challenges Facing Ola
Ola’s challenges extend beyond personnel changes. The ride-hailing sector is becoming increasingly competitive with the emergence of new players like Rapido and Namma Yatri, which have begun to capture market share. Additionally, Ola Electric has faced difficulties such as declining market share and rising customer complaints regarding service quality and product reliability.
The company’s struggles have been compounded by economic pressures and the need to adapt to shifting consumer preferences in both the ride-hailing and electric vehicle markets. This context makes it imperative for Ola to stabilize its leadership team and ensure continuity in its strategic initiatives.
Importance of Leadership Stability
As Ola continues to navigate these challenges, maintaining a strong and stable leadership team will be crucial. The company must focus on rebuilding trust among employees and stakeholders while fostering an environment conducive to innovation and growth. Effective leadership is essential for steering the company through its current difficulties and positioning it for future success.
Conclusion
N Balachandar’s resignation from Ola is emblematic of broader issues within the company as it grapples with significant changes in its executive ranks. With multiple high-profile exits occurring in quick succession, Ola faces an urgent need to stabilize its leadership and address operational challenges. As the company works to regain its footing amidst increasing competition and market pressures, it will be vital for them to implement strategies that bolster both employee morale and customer satisfaction.
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