🛑 BYJU'S without cloud, telecom services

The most interesting news selected specially for you! 18 September 2024 [View in Browser]( Hello, Instagram’s finally putting on kid gloves about children’s online safety. Millions of teenagers with Instagram accounts may soon find their public profiles made [private]( as the social media platform tries to create age-appropriate experiences for minors. These new features are also aimed at allaying fears about the addictive nature of social media and exposure to inappropriate content—something the platform has been sued for in dozens of lawsuits. For a generation being raised by the internet, is this too little too late? Meanwhile, the newest entrant into the social media landscape is also set to touch a new wealth class. Elon Musk’s sprawling empire may soon make him the world’s first [trillionaire]( by 2027. There’s no dearth of challengers: The meteoric rise of Nvidia and the AI boom could catapult CEO Jensen Huang to the same milestone in 2028, along with Indian billionaire Gautam Adani. Taking a closer look at the top brass of the world’s top companies, another thing is clear: C-suite is still a boys’ club. While women hold more top jobs than ever before, they lag behind men on crucial early promotions into management, according to a 10-year [study](. That’s not to say there’s been no progress. Women today make up 29% of C-suite positions compared to 17% in 2015. Change is a hard and messy road, and ambition powers us through it. In today’s newsletter, we will talk about - BYJU'S cut off from cloud, telecom services - An AI agent for sales reps - Guiding new parents on nutrition Here’s your trivia for today: Because the company CEO still owns the domain, the URL relentless.com will redirect you to the website of what company? --------------------------------------------------------------- Funding Alert 1) Redcliffe Labs: $42M| Series C 2) Way2News: $14M| Series B 3) e6data: $10M| Series A --------------------------------------------------------------- Edtech BYJU'S cut off from cloud, telecom services providers, such as Amazon Web Services (AWS) and Vodafone Idea, have suspended their services to BYJU’S due to unpaid dues. BYJU’S has not paid AWS for at least two months, and has not recharged its commercial calling facilities package for Vodafone Idea in August, people aware of the matter told YourStory. However, the edtech company denied any suspension of services. Mounting troubles: - Amazon’s cloud computing platform AWS was providing cloud services to the edtech company’s mobile application, while telecommunications service provider Vodafone Idea was the sole mobile network service provider for the edtech firm. - “With so many vendor payments piling up and no revenue coming in, it’s getting difficult for BYJU’S to make any payments,” one of the sources said anonymously. - According to the second person quoted above, very few teachers are conducting online classes voluntarily as they are not being compensated for it given the edtech company’s financial struggles. [Know More]( --------------------------------------------------------------- Startup An AI agent for sales reps friends Ashutosh Singh, Neeraj Gupta, and Pankaj Gupta saw an opportunity to address the numerous challenges Business Development Representatives face, including burnout, inconsistency, and scalability issues, using AI. In 2024, they founded Revrag.ai and developed an AI-powered assistant to streamline repetitive tasks for sales teams, allowing them to concentrate on high-value activities. AI partner: - Revrag launched Emma, an AI agent designed to fully automate sales processes and scale outreach efforts. The AI agent prospects and writes bespoke hyper-personalised emails to book meetings for sales representatives. - “This technology will handle routine tasks and initial outreach, allowing human BDRs to focus on high-value activities that require emotional intelligence and complex problem-solving,” explains Co-founder and CEO Singh. - The startup has been piloting the product with multiple B2B startups including Segwise, Bindbee, GenscaleAI, FutureAGI, DevDymanics, and Fretron. [Read More]( --------------------------------------------------------------- Woman Entrepreneur Guiding new parents on nutrition many new parents, Sonal Babbar Bhardwaj had a lot of questions and realised that her friends, family and peers were equally confused. In 2023, she launched Viraa Care, which offers online courses for parents on topics, including breastfeeding and bottle feeding. Knowledge transfer: - Viraa Care offers two programmes—one-on-one consultations for three months and live courses where parents can interact with experts online. - With a team of five experts, Viraa Care claims to have helped over 500 families in the US and India. The startup had raised $100,000 in a pre-seed round in January 2024. - Bhardwaj plans to launch a B2B segment, collaborating with hospitals, gynaecologists, and paediatricians, so the startup can reach more parents. [Read More]( --------------------------------------------------------------- From the CapTable Banking on fragile ground: The growing cybersecurity risk in India's financial sector Globally, banks have installed multiple disparate technology solutions over the years, and integrating them into a unified data standard, along with effective cybersecurity and data governance, has proven elusive. This fragmentation lies at the heart of many challenges within the Indian banking system and remains a persistent regulatory concern. In today’s digital landscape, where money is essentially represented as bytes of data, ensuring robust data governance is essential to maintaining trust in the banking sector. This is why there is regulatory urgency to push banks towards enhanced technological governance and continuous upgrading of standards. This, however, is an area where the sector has consistently lagged behind regulatory expectations. Building cyber resilience in Indian banking is no longer a strategic project; it has become an urgent necessity that has been delayed for far too long, leading to a potentially chaotic situation. As cyber threats continue to evolve in both sophistication and frequency, the failure to prioritise cybersecurity exposes banks to significant risks that can undermine customer trust and financial stability. Key Takeaways: - In today’s digital landscape, where money is essentially represented as bytes of data, ensuring robust data governance is essential to maintaining trust in the banking sector - While there is regulatory urgency to push banks towards enhanced technological governance, the sector has consistently lagged behind regulatory expectations - As cyber threats continue to evolve, the failure to prioritise cybersecurity exposes banks to significant risks that threaten customer trust and financial stability - While the RBI has traditionally handled such matters with a soft touch, its regulation and supervisory actions must evolve [Continue Reading]( --------------------------------------------------------------- News & Updates - [Negotiations:]( Negotiators at Boeing and its largest union are due to resume talks over a labour contract on Tuesday, as the planemaker seeks to bring a swift end to a strike that is costing the indebted company an estimated $100 million a day. - [Shelved plans:]( Intel Corp’s decision to postpone its planned factory in Germany marks a setback for the European Union’s semiconductor ambitions, and will reignite controversy in Berlin over where to allocate $11 billion in earmarked subsidies. - [Star power:]( Universal Music Group said it expects to achieve high revenue and earnings growth through the end of 2028 as the record label behind Taylor Swift, Billie Eilish and Ariana Grande bets on subscriptions and its expanding network of partnerships. Here's what else we have for you Video banking elevated customer engagement, without branch visits In association with AWS and VideoCX.io Rajesh Krishnan, Chief Operations and Customer Experience Officer at Bajaj Allianz Life Insurance, reflects on how their video call centre has become a vital tool for bridging the digital divide in India's diverse landscape. By integrating video services, Bajaj Allianz has not only reduced branch footfall but also made financial services accessible to those in remote areas and NRIs seeking a personal connection. This innovation is more than just technology—it’s about humanising digital interactions. Explore these insights in our series, Shaping the future of India's BFSI sector with video conferencing, brought to you [VideoCX.io]( association with Amazon Web Services and YourStory. Learn how Bajaj Allianz is paving the way for a more connected and inclusive financial ecosystem. [Watch Now]( --------------------------------------------------------------- Did you know? Because the company CEO still owns the domain, the URL relentless.com will redirect you to the website of what company? Answer: Amazon. We would love to hear from you! To let us know what you liked and disliked about our newsletter, please mail nslfeedback@yourstory.com. If you don’t already get this newsletter in your inbox, [sign up here](. For past editions of the YourStory Buzz, you can check our [Daily Capsule page here](. [Feedback]( [Unsubscribe]( [Newsletters](