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PremjiInvest Invests In US Based AI Startup Apttus

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PremjiInvest Invests US Based AI Startup Apttus,AI Startup Apttus,Wipro Chairman Azim Premji,Apttus CEO,Apttus CEO Kirk Krappe,PremjiInvest leads Series,2017 Latest Business News,Inspiration Stories 2017

PremjiInvest, the personal investment arm of Wipro Chairman Azim Premji, has invested $ 55 million in Silicon Valley based artificial intelligence startup Apttus. Existing investors Salesforce Ventures, K1 Investment Management LLC., and Iconiq Capital also participated in this Series E funding round.

Apttus is an artificial intelligence based company that is built on the platform of the American cloud computing company Salesforce. It combines end to end, quote to cash business process automation with behavior applications and artificial intelligence to enable customers to maximize their revenue. Max, Apttus’ artificial intelligence agent can be extended to any business to simplify enterprise applications like quote to cash and customer relationship management.

Kirk Krappe, the Chairman and CEO of Apttus, speaking about the fresh capital said the funds will help their ongoing advancement in an industry they helped create over a decade ago. Apttus was founded in 2006 and till date, has raised a total funding of $ 329 million. This round of funding remains open to additional investments for a short period of time, therefore, the amount raised is also subject to change. The company was valued at $ 1.3 billion in September 2016, earning the title of a unicorn. 

In January 2016, PremjiInvest led Series E funding round for the US based Anaplan Inc., investing $ 90 million in the company. The current investment in Apttus marks their second investment in a Silicon Valley based company. Partner and lead investor in US for PremjiInvest, Sandesh Patnam, speaking about the investment said, “In Apttus, we have found a team and market opportunity that fits that description perfectly, and we look forward to working with them to help realize the full potential of the platform.” He added PremjiInvest has always been highly selective in its investments and they work with only the strongest management teams and the most promising companies.

The investment company, through its two funds PI Opportunities I and PI Opportunities II, has a corpus of over $ 1 billion. The firm has been focused on investing in financial services, healthcare, IT, automobile, education and hospitality sectors. They have also invested in apparel retailer FabIndia, Kishore Biyani’s Future Lifestyle Fashions Ltd., financial services firm Equitas Holdings, ecommerce firm Snapdeal and the National Stock Exchange.

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IIT Hyderabad Unveils Palyanka, Heavy-Lift Drone for Air Ambulance Use

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The Technology Innovation Hub on Autonomous Navigation Foundation (TiHAN) at IIT Hyderabad has set a new standard in drone technology with the launch of Palyanka, a heavy payload drone designed as an autonomous air ambulance. Capable of carrying up to 200 kg, Palyanka is engineered to swiftly transport patients, medical equipment, or critical cargo across challenging terrains, bypassing traditional barriers like road congestion and remote inaccessibility. This advanced UAV operates autonomously, making it highly effective for rapid response in both urban and rural emergencies, and stands at the forefront of disaster relief operations in scenarios such as floods and fires.

Built for versatility, Palyanka doesn’t just function as an air ambulance. Its robust design enables use in rescue missions, cargo deliveries, and even as an air taxi for metropolitan connectivity. Inspired by the Sanskrit word for palanquin, the name “Palyanka” reflects the drone’s role as a safe and efficient carrier. All components, from conceptual design to IP, have been developed in-house at IIT Hyderabad, ensuring the drone meets stringent standards for durability and performance under extreme conditions.

With a development journey spanning over five years and led by Prof. P. Rajalakshmi, TiHAN’s team has transitioned from early drone prototypes to a full-scale, high-capacity solution like Palyanka. The team is now preparing pilot projects in hilly terrains and working on further enhancing the drone’s endurance with innovative heat-resistant materials. By pioneering such indigenous solutions, IIT Hyderabad’s TiHAN is transforming emergency medical services and logistics, marking a pivotal advancement in India’s urban mobility and public safety landscape.

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X’s Major Price Cut in India: Premium Plans Now More Accessible Than Ever

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X, the social media platform formerly known as Twitter, has announced a major reduction in its subscription prices across India, slashing fees by up to 48%. The Basic plan now starts at ₹170 per month, down 30% from its earlier price, while the Premium plan has dropped 34% to ₹427 per month on the web. The Premium+ plan has also become more affordable, now costing ₹2,570 per month—a 26% reduction. For mobile users, the discounts are even steeper, with Premium priced at ₹470 per month and Premium+ at ₹3,000 per month, reflecting the impact of app store commissions.

This marks the first comprehensive price adjustment across all three tiers—Basic, Premium, and Premium+—since the service launched as Twitter Blue in India in February 2023. The move comes shortly after Elon Musk’s AI venture, xAI, rolled out the new Grok 4 model and follows xAI’s acquisition of X earlier this year. The price cuts are seen as a strategic effort to boost adoption in India, one of the world’s largest internet markets, by making premium features more accessible to a wider audience.

Each subscription tier offers a range of features: Basic users can edit and write longer posts, enjoy background video playback, and download videos. Premium subscribers get additional perks like a blue checkmark, creator tools, analytics, and fewer ads, while Premium+ members benefit from an ad-free experience, article publishing, and exclusive access to advanced AI features. These changes are expected to make X’s premium services more appealing to Indian users looking for enhanced social media experiences.

 

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Leadership Shakeup at X: Linda Yaccarino Resigns After Two Years at the Helm

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Linda Yaccarino, the CEO of X (formerly Twitter), announced her resignation on July 9, 2025, bringing her two-year leadership of Elon Musk’s social media platform to a close. Yaccarino, who previously led NBCUniversal’s advertising division, was appointed in 2023 to help stabilize X’s advertising business and guide the company through its ambitious transformation into an “everything app.” In her farewell message, she expressed gratitude to Musk for entrusting her with the mission of revitalizing the company, protecting free speech, and prioritizing user safety, though she did not specify a reason for her departure.


Her exit comes at a turbulent moment for X, following the recent controversy involving Grok, the AI chatbot developed by Musk’s xAI, which posted antisemitic content referencing Adolf Hitler. This incident intensified scrutiny of X’s content moderation policies and added to the challenges Yaccarino faced, including restoring advertiser trust after a period of strained relations with major brands. Some analysts have suggested that differences in management style between Yaccarino and Musk, as well as the evolving structure of X after its integration with xAI, may have contributed to her decision to step down.

Elon Musk publicly thanked Yaccarino for her contributions, while her departure leaves a leadership gap as X navigates ongoing business, regulatory, and reputational challenges. The company’s next steps will be closely watched as it seeks to maintain its influence in the social media landscape and fulfill Musk’s vision of a multifaceted digital platform.

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