Hello, Something old, something new at Ola. Ola Cabs is rebranding to Ola Consumer as the company spreads its wings beyond mobility. It has launched , a loyalty programme for users across mobility, ecommerce and logistics services, and also relaunched its shared cabs feature.
The company also has massive ambitions for its AI venture , which will design and develop India’s first AI silicon chips by 2026 to manage complex AI tasks and workloads. Also, just a few days after its blockbuster listing on the Indian stock market, e-scooter maker Ola Electric is tapping into the electric motorcycle segment. The company has launched series of motorcycles priced between Rs 74,999 and Rs 2 lakh.
Moving on, Flipkart continues to deliver for Walmart. The US-based retailer, whose international revenue (including Flipkart, PhonePe, and Myntra) grew by 8.3% YoY in the April-June 2024 quarter, said that Flipkart delivered double-digit and positive contribution margin.
X’s new AI image generator is going berserk and sparing no one. Lastly, TechSparks 2024— ’s flagship startup-tech summit—will decode the next phase of growth with our theme: Building Bharat: Level 3.0.
Grab your for the grand 15th edition to be held in Bengaluru on September 26-28. In today’s newsletter, we will talk about Here’s your trivia for today: How many days does Tour de France last? Startup At the end of their lifecycle, some EV batteries are improperly disposed of, which can pollute the environment and har.