BluePi secures Indian patent for a System and Method for forecasting demand for a retail organisation \
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BluePi secures Indian patent for a System and Method for forecasting demand for a retail organisation

24-Mar-2022
GURGAON India March 24 2022 PRNewswire -- BluePi Consulting an established player in data-driven solutions for the retail sector today announced it has secured the Patent by the Indian Patent Office Government of India for a System and Method for forecasting Demand for a Retail Organisation This Patent is for the term of 20 years commencing from 22nd January 2021 in accordance with the provisions of the Patents Act 1970 This marks the first Patent for BluePi and comprises a proprietary and robust algorithm to forecast demand for retail organisations Retailers often face challenges to accurately determine the upcoming demand at a granularity of SKU and Store This not only leads to forecast becoming coarse-grained but also losing the variability that exists for each SKU The existing solutions suffer from one or more drawbacks such as high reliance on human input or statistical data based mathematical forecast methods Either of these existing solutions are less accurate error-prone capable of processing static or historical data not completely automated and consideration of irrelevant or inappropriate set of parameters for the forecast The Patent helps the organisation forecast accurately the upcoming demand balancing the excess and insufficient inventory This would help organisations to reduce the OOS and operational costs due to extra inventory Speaking on the achievement Pronam Chatterjee Co-founder and CEO BluePi Consulting said This acquisition of our first Patent is an important milestone in our path towards technological excellence and has established BluePis innovation leadership in the retail technology space He further added The accomplishment reiterates that we are certainly the go-to-partner for retail organisations and will support in strengthening our engagement with customers BluePi serves several established retail chains across India and has successfully presented itself as one of the game changers in the retail industry with its data-driven retail solutions The organisations Demand forecasting and Retail analytics solutions have proved to be accurate and effective These smart and advanced solutions help retailers deliver better customer experience and improve their sales and drive profit margins They leverage data-driven intelligent insights to ensure demand planning replenishment of stocks markdown optimization inventory re-balancing and many more About BluePi BluePi Consulting is an established player in the retail consulting and solutions space has recently expanded its capabilities and has entered the BFSI sector too Founded in 2012 in Gurgaon by industry leaders Pronam Chatterjee and Kaushik Khanna BluePi has successfully presented itself as one of the game changers in the retail industry with its data-driven retail solutions Recently BluePi launched its solutions to address several challenges in the BFSI sector and help deliver better performance by leveraging Big Data Data Science AI-enabled Data Analytics Machine Learning and other technologies Self-funded the organisation has its operations in Bangalore and Mumbai besides its headquarters in Gurgaon For more information please visit bluepiitcom PWR PWR
24-Mar-2022 National
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Max Bupa is now Niva Bupa Onto higher grounds \
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Max Bupa is now Niva Bupa Onto higher grounds

23-Mar-2022
GURGAON India March 23 2022 PRNewswire -- Max Bupa Health Insurance Company Limited one of Indias leading standalone health insurance players in India has rebranded itself as Niva Bupa Health Insurance Company Limited Max Bupa came into being in 2010 as the third standalone health insurance company to be launched in India It was launched at a time when the health insurance industry in India was at an extremely nascent stage and the awareness and penetration of health insurance in India was abysmally low Over the years the Company has not only established itself as one of the most trusted names in the health insurance sector but also made significant contribution towards propelling the growth of the Indian health insurance industry Over the years Niva Bupa formerly known as Max Bupa has established itself as a trusted health insurance partner and an industry leading brand Continuing with the legacy of Max Bupa the rebranded Niva Bupa will democratize health insurance category by bringing more thrust on customer touch points and introduce host of innovative products and digitally enabled services The Company will aim to provide financial assurance as well as healthcare access to its customers by focusing on product innovation customer centricity and digital capability Going forward the Company will introduce differentiated insurance products across various customer segments therby catering to a larger clientele The company has also been pressing ahead with best-in class digital services effectively bringing customised health solutions to millions of its customers in India instantly and without paperwork hassles The rebranding follows a change in the shareholding pattern of the Company Max India the erstwhile majority stakeholder in the Company sold its share to True North in February 2019 Owing to this change in shareholding pattern Max Bupa needed to create a new brand identity as part of the transition The company decided to utilize this as an opportunity to redefine itself Following the shareholder transition of Max Bupa from Max India to True North in 2019 a name change and rebranding were in order Niva Bupa will firmly stand at the intersection of financial services and healthcare to fulfill the needs and aspirations of millions of people in India The health insurance industry is poised for a monumental growth and we will take our new brand identity to our customers with a renewed promise of protection and care As Niva Bupa we will look to further strengthen our core brand ethos of customer centricity Under the new brand Niva Bupa we will continue to expand our digital and network presence that will allow customers to avail our industry leading products and best-in-class services anytime anywhere e said Krishnan Ramachandran MD and CEO Niva Bupa Nimish Agrawal Senior Vice President and Head Marketing Niva Bupa said that the rebranding will help position the company as one which offers a humanized experience to its customers especially in terms of guidance counseling and support at the moment of truth In our new avatar as Niva Bupa we will bring a fresh perspective to the narrative around health insurance We have consciously chosen to move away from the fear appeal which is generally used for this category and rather play the role of an enabler for our customers which would imply that health insurance is for freedom and not constraints Our brand philosophy is to humanize and de jargonize the health insurance category Over the years the company has empanelled over 8000 hospitals across the length and breadth of India and currently boasts of digital capabilities that facilitates cashless claim processing in less than 30 minutes It caters to a large section of customers with its customised plans for small and big size families as well as plans for individuals and senior citizens As part of its portfolio of products the company provides healthcare solutions for specific needs like protection against critical illnesses corona as well as accident coverage plans which provide for partial and total permanent disability cover PWR PWR
23-Mar-2022 National
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Daffodil Software Announces Expansion Plans To Hire 500 Employees this Year \
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Daffodil Software Announces Expansion Plans To Hire 500 Employees this Year

20-Jan-2022
GURGAON India Jan 20 2022 PRNewswire -- Gurgaon-based software engineering company announced that it has plans to create 500 full-time jobs this year To keep up with the increasing customer demand and to strengthen their portfolio for diverse technologies Daffodil has declared a massive number of vacancies at its headquarters in Gurgaon The COVID-19 pandemic has catalyzed the adoption of digital platforms to help businesses continue their operations during the lockdown and beyond While some organizations opted for digital business transformation from scratch some just modernized the existing system and went for technological advancements such as moving data to the cloud adopting tools devices for communication collaboration as well as automating processes Daffodil being an industry leader in the software development services domain experienced a surge in demand for engineering modernizing and migration services for applications The company has secured tremendous growth over the past two years and this can be attributed to continuous investment in building technological practices training and creating business-centric services The company has embraced the Work from Anywhere model that has made the job opportunities available for people across the country It has opened doors to hire the best talent for technologies such as DevOps Artificial Intelligence Business Intelligence Salesforce etc with no geographical bars Regarding the expansion plan Yogesh Agarwal CEO Daffodil Software says The pandemic has made businesses perceive the right use-case of technology for their domain or industry People have been coming up with some amazing ideas on how digital platforms or technology can transform the way things are being done conventionally That is why we have been extensively investing in building our expertise and practice in new-age technologies Last year as well we extended our team strength to double which has helped us in reducing time-to-market for several large-scale projects The CEO further comments Our core values- innovation continuous thinking and result orientation are the key drivers for why people are inclined to be a part of our organization Moreover our team always strives to work on challenging and new-age technologies that help our people have a consistent learning graph which is important to sustain in a tech-driven sphere Daffodil Software has got mentioned for some of its creative recruitment campaigns such as BreaktheBreak Its an initiative to help women resume their careers after they took a break from work for any reason The company also promotes WorkfromAnywhere opportunities for technical roles to ensure that the right talent becomes part of their team to deliver innovative solutions to the customers About Daffodil Software For more than 20 years Daffodil Software has been a trusted software technology partner to organizations across the globe With our roots into innovation tech agility time-proven processes our team of 1000 technologists strives to shape the tech industry and help businesses elevate their value proposition through technology For more information visit httpswwwdaffodilswcom Logo httpsmmaprnewswirecommedia1063981Daffodiljpg PWR PWR
20-Jan-2022 National
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Consumer Foods Brand Yu raises US 1 Mn from Asian Paints Promoters HNIs \
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Consumer Foods Brand Yu raises US 1 Mn from Asian Paints Promoters HNIs

22-Oct-2021
NEW DELHI Oct 22 2021 PRNewswire -- Yu a consumer brand that is re-imagining consumer packaged foods with their 100 natural Instant Meal Bowls has secured USD 1 million in its pre-Series A round The round saw participation from Manish Choksi and Varun Vakil part of the Asian Paints promoter group Lalvani family UK-based food hospitality group Nikhil Srivastava Head of India at PAG private equity Vishal Sampat Founder Convonix among others Founded by Bharat Bhalla and Varun Kapur Yu has crafted a range of delicious Instant Meal Bowls that contain ZERO preservatives additives artificial flavourings or colours Developed using highly advanced lyophilization technology chef-curated recipes and 100 natural ingredients Yus meal bowls retain their original taste and aroma while enjoying a non-refrigerated shelf life of 12 months All its products can be prepared in under 4 minutes by simply adding hot water with zero cooking and hassle-free preparation Inspired by the 2020 Nasa SpaceX mission Yu uses advanced bio-chemistry processes that avoid denaturation caused by conventional dehydration and allows foods to retain their original taste aroma and texture upon rehydration Importantly non-usage of direct heat in the process helps foods retain their nutrients making the product line healthier than conventional packaged foods All products are prepared and packaged at Yus fully integrated 12000 sq ft advanced state-of-art commercial scale food-lab in Gurgaon India Bharat Bhalla Founder Executive Director Yu Foodlabs said We have combined the most advanced food science technology with culinary arts to re-imagine the future of packaged foods Our Instant Meal Bowls are packed with gourmet flavours and nutrients while using ZERO preservatives or artificial ingredients The use of proprietary processes has enabled us to launch our products at an attractive price point of INR 75-100 per bowl We are adopting an omnichannel sales strategy and in due course will be present in offline and online stores pan-India Varun Kapur Founder Executive Director Yu Foodlabs shared his excitement on securing the seed funding It has been heartening to receive a very tangible vote of confidence from an eminent set of investors in our pre-launch stage We have partnered with high pedigree investors with backgrounds in consumer brands private equity hospitality technology and digital marketing We will use the funds to increase our production capacity to over 5 lac meal bowls per month while expanding our distribution network to key markets across India Yu has introduced 6 SKUs across 2 unique product categories to begin with a Wholesome Pasta Bowls Chunky Tomato Three Cheese Peri Peri b Wholegrain Oat Bowls Berry Apple Cinnamon Banana Caramel Peanut Butter Berry The product portfolio will soon see multiple additions with the introduction of Dessert Bowls Veg Non-Veg Asian Noodle Bowls and Superfood Breakfast Bowls Yus products are available at 100 retail outlets across Delhi NCR including Reliance Spencers SPAR Modern Bazar Needs Supermarket along with an online presence on Big Basket and Swiggy Yus products can also be purchased by customers pan-India through Amazon Flipkart Cora Health as well as the brands website wwwyufoodlabscom The brand aims to establish an offline presence in Mumbai MMR East North East by Jan 2022 followed by all other metro cities in 9-12 months About Yu Foodlabs Ikayu Foodlabs Pvt Ltd brand name Yu has crafted a wide range of delicious Instant Meal Bowls that contain ZERO preservatives additives artificial flavourings or colours Developed using advanced lyophilization technology artisan recipes and natural ingredients only Yus meal bowls retain their original taste and aroma The culinary team at Yu uses only the most fresh ingredients to create wholesome nutritious meals with unbeatable flavors All products have a non-refrigerated shelf life of 12 months and can be consumed by anyone anytime anywhere The Founders Bharat Bhalla and Varun Kapur incubated Ikayu Foodlabs as part of 3015 Venture Studio their entrepreneurship hub that conceives funds launches disruptive consumer businesses PWR PWR
22-Oct-2021 National
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