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Amazon and Techstars Launch 9 Voice Related Tech Startups!

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Amazon and Techstars Launch 9 Voice Tech Startups,Startup Stories,Startup Funding News India,Technology Latest News,9 Voice Related Tech Startups,Voice Startups,Amazon Accelerator Program,Amazon Voice based Tech Startups,Amazon Alexa Fund,9 Voice New Startups

Amazon early yesterday announced the launch of 9 voice related startups in partnership with the Alexa Accelerator Program, powered by Techstars. The Alexa Accelerator Program backs startups all over the United States. The startups are related to the voice based startups and through this, the program raised over $ 10 million!

The idea behind the accelerator is to help fuel early stage companies developing for voice, giving Amazon an equity stake in the business. Launched in the year 2015, the Alexa Accelerator Program is a part of Amazon’s $ 200 million fund and so far, has been used by Amazon to further the boundaries of voice based tech startups!

According to several reports, Amazon says it received hundreds of applications from 44 countries around the world for the 2018 program, and narrowed it down to nine it believes have the most potential. Through the Alexa Accelerator Program, the startups included will learn, train and improve their products to a point where their products are unique and can be integrated into Alexa. Furthermore, the startups will also be able to redefine their business models while developing and modifying Alexa for a consumer friendly experience!

Apart from the 9 new startups being launched, Amazon is already investing in 35 startups. Lasting for a period of 3 months, the startups are based in places from Seattle to Tel Aviv! These companies work out of the Seattle based office and will be working there for 13 days, post which, the startups are required to give a demo.

The information reported earlier this year about risks that startups take when taking money from Amazon’s Alexa Fund. “While Amazon’s backing helps the startups build their businesses, sometimes Amazon decides to go into the market directly. It can either offer to buy the startup or simply make the product itself.” By signing with Amazon, these startups get a major leg up and are here to create and break existing startup boundaries!

 

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MPL to Lay Off 60% of India Workforce Following Online Gaming Ban

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MPL

Mobile Premier League (MPL), one of India’s top online gaming platforms, is set to lay off about 60% of its India workforce following the government’s ban on paid online games. The move, confirmed by MPL CEO Sai Srinivas through an internal email, will impact around 300 employees across multiple departments including marketing, finance, operations, engineering, and legal. This decision comes as a direct result of the Promotion and Regulation of Online Gaming Bill, 2025, which restricts paid online games involving monetary stakes to address concerns over financial risks and addiction among young users.

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NCLT Approves Amalgamaxtion of Info Edge Subsidiary Makesense with PB Fintech

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The National Company Law Tribunal (NCLT) has granted approval for the amalgamation of Info Edge’s subsidiary, Makesense Technologies, with PB Fintech as of August 29, 2025, in a significant move for India’s fintech sector. This strategic merger aligns with Info Edge’s ongoing focus on streamlining its corporate structure and supports PB Fintech’s growth trajectory as the operator of leading platforms such as Policybazaar and Paisabazaar. The amalgamation, cleared by NCLT’s Chandigarh bench, took place without winding up either company, enabling a seamless blending of assets and expertise for greater operational efficiency.

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The NCLT-approved merger highlights a broader trend of consolidation within India’s tech-driven industries, as major players seek to boost competitiveness and achieve sustainable growth through mergers and amalgamations. Stakeholders—including shareholders and employees—are set to benefit from the new, streamlined structure, increased transparency, and the promise of enhanced value creation going forward. The unification of Makesense Technologies and PB Fintech is expected to make a positive impact on the broader fintech ecosystem, reinforcing both companies’ leadership and innovation agendas.

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Markanda’s appointment comes at a pivotal time for ShareChat, which recently achieved profitability and has projected a robust ₹1,200 crore revenue run rate for the year. The platforms boast a combined monthly active user base of more than 325 million, making ShareChat and Moj essential tools for marketers seeking to increase engagement across India’s diverse regions. Markanda’s expertise is expected to further accelerate ShareChat’s business growth, opening doors for brand collaborations and hyper-targeted influencer campaigns, which can connect marketers to local audiences in a culturally relevant manner.

With advanced degrees from the Indian Institute of Foreign Trade and Lady Shri Ram College, Markanda’s leadership is set to reinforce ShareChat’s momentum as India’s go-to platform for marketers and creators looking for trusted, brand-safe environments. Her focus on vernacular content and building robust partnerships will complement ShareChat and Moj’s mission to empower regional creators and deliver authentic engagement. Industry experts have lauded this strategic move, anticipating that Markanda’s vision will help ShareChat and Moj maintain their edge in India’s social media landscape.

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