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Samir Kuckreja, Head of Zomato Base, Steps Down

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The Head of Zomato Base, Samir Kuckreja, has stepped down from his position just within eight months of joining the restaurant discovery and food delivery firm, Zomato. Last month, Chief Operating Officer of Zomato Deepak Gulati, also quit the company.

Zomato Base, launched in April last year, is an Android based Point Of Sale (POS) system which enables restaurants to manage their operations from a single platform. The cloud based system provides features like planning the menu, recipe, inventory management, built in payment solution that accepts debit and credit card payments, CRM and real time analytics.

According to a news portal, Kuckreja’s decision to quit the company was triggered by the company’s decision not to follow the growth roadmap for Zomato Base that he had agreed with the firm originally. Commenting on his decision, Kuckreja said, “The original idea was that Zomato Base would become one of the key verticals which would drive revenues in two three years. But they recently decided that they didn’t want to grow this vertical on the scale that we had talked about.”

While Zomato has confirmed the resignation, the company insists the PoS business is an area that they will continue to grow. Speaking about Zomato Base, a spokesperson for the company said, “We continue to be bullish on the PoS business. Zomato Base was, since the time of its launch, and continues to be, a long term play for us. It is true, Kuckreja has moved on from Zomato. He will continue to be a friend and advisor to both Deepinder and Zomato.”

Samir Kuckreja was the former CEO of the iconic New Delhi QSR chain Nirula’s Corner House and Mars Hotels and Restaurant before joining ZOmato in February this year. He also founded the consulting firm, Tasanaya Hospitality Pvt., Ltd., which offered services to international and domestic restaurant chains.

The restaurant discovery and food delivery platform has seen half a dozen C-suite executives leaving the company within months of joining. Before Kuckreja and Deepak Gulati, Chief Marketing Officer Rameet Arora stepped down within six months along with Chief Product Officer Tanmay Saksena in 2016.

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Jio BlackRock Gets SEBI Approval to Launch Brokerage Operations in India

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Jio BlackRock Broking Private Limited, a joint venture between Jio Financial Services and BlackRock Inc., has received final approval from the Securities and Exchange Board of India (SEBI) to commence operations as a brokerage firm. The regulatory nod, granted via a certificate of registration issued on June 25, 2025, allows the company to function as both a stockbroker and a clearing member in India’s financial markets. This milestone follows a series of regulatory clearances for the Jio BlackRock ecosystem, including approvals for mutual fund and investment advisory businesses, underscoring the joint venture’s ambition to build a comprehensive, digital-first financial services platform.

As a wholly owned subsidiary of Jio BlackRock Investment Advisers, the broking arm aims to deliver affordable, transparent, and technology-driven execution services to Indian investors. The company’s leadership has emphasized that the new platform will empower self-directed investors with seamless execution capabilities, complementing its broader strategy to democratize access to investment solutions in India. The approval is expected to further strengthen Jio BlackRock’s position in the rapidly expanding financial services sector, offering a full suite of products from mutual funds and advisory to brokerage, all accessible through user-friendly digital channels.

The market responded positively to the news, with Jio Financial Services shares rising over 4 percent following the announcement. Industry analysts view this regulatory milestone as a significant step in Jio BlackRock’s efforts to transform India’s investment landscape, moving the country closer to becoming a nation of investors rather than just savers.

 

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CoRover Unveils BharatGPT Mini: India’s First Offline Multilingual AI

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CoRover has launched BharatGPT Mini, India’s first offline multilingual AI model, at VivaTech 2025 in Paris, with the event officiated by Union Minister Jitin Prasada. This innovative Small Language Model (SLM), featuring around 534 million parameters, is specifically designed for edge devices and low-compute environments, enabling robust AI capabilities without the need for cloud connectivity. Its ability to function entirely offline and support 14 Indic languages makes it a powerful tool for digital inclusion, particularly in rural and remote regions where internet access is limited.

BharatGPT Mini’s architecture is optimized for deployment across various sectors, including healthcare, education, banking, and governance, allowing citizens to interact with essential services in their native languages. The model can be integrated into small businesses, government offices, and other organizations through the CoRover Builder platform, which offers a no-code solution for deploying AI assistants across web, telephony, and IoT systems. By processing data locally and encrypting it on-device, BharatGPT Mini ensures strong privacy and data sovereignty, aligning with India’s strategic goal of developing indigenous AI solutions. 

The launch has garnered strong support from both the Indian government and industry leaders, who see BharatGPT Mini as a catalyst for democratizing access to digital services. CoRover anticipates significant growth in the adoption of Small Language Models, with early feedback indicating a substantial increase in project demand. As CoRover looks to expand its expertise globally, BharatGPT Mini stands out as a scalable, multilingual, and privacy-centric solution, setting a new standard for inclusive and sovereign AI innovation in India’s diverse landscape.

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Kerala Startup E-Quark Launches Innovative Mobile Holder with Built-In Charger

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Kerala-based startup E-Quark Molecule Innovations Pvt Ltd, headquartered in Thrissur, has introduced an innovative device called Keratin that combines a mobile phone holder with a built-in charger. This unique gadget is designed to offer users a convenient solution to hold and charge their smartphones simultaneously, addressing the common challenge of managing power supply while using mobile devices.

The device enhances user experience by integrating two essential functions into one compact design. It securely holds the phone while providing efficient charging, making it perfect for use on desks, bedside tables, or other personal spaces where easy access and power are needed. This innovation aligns with the growing trend of multifunctional mobile accessories that prioritize both convenience and practicality.

E-Quark Molecule Innovations is a key player in Kerala’s dynamic startup ecosystem, which has been rapidly expanding in tech-driven areas such as electric vehicle charging infrastructure. With the launch of this mobile holder-charger, the company is establishing itself as a leader in user-centric mobile accessories, further cementing Kerala’s position as a hub for cutting-edge technology development.

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