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  • Cabinet Approves New Semiconductor Unit Under India Semiconductor Mission

    Ashwini Vaishnaw, the Minister of Electronics and Information Technology, announced on 2 September 2024 that the cabinet had given its approval to a proposal put out by Kaynes Semicon to establish a semiconductor unit in Sanand, Gujarat, with an investment of INR 3,307 crore (exactly $394.15 million).

    Under the India Semiconductor Mission, this is the fifth semiconductor unit to be sanctioned, and it is the second unit to be established in Sanand province. The overall investment amounts to INR 1,52,307 crore, which is equivalent to almost US$18.15 billion.

    India Semiconductor Mission

    During December in the year 2021, the government made an expenditure of INR 76,000 crore to launch the ISM and the display manufacturing ecosystem. The semiconductor business is a “foundational industry” for India’s domestic manufacturing aspirations, according to Vaishnaw. He stated that because this [ISM] is a lengthy program, there will undoubtedly be an increase in expenditures and that the government will return with the specifics of the program as soon as they are finalized.

    The India Semiconductor Mission (ISM) is a specialized and independent Business Division that is part of the Digital India Corporation. Its primary objective is to establish a thriving semiconductor and display ecosystem to facilitate India’s emergence as a global hub for the manufacturing and design of electronic devices. In consultation with government ministries, departments, and agencies, as well as industry and academic institutions, the mission aims to serve as a focal point for the comprehensive, coherent, efficient, and smooth deployment of the Program for Development of Semiconductor and Display Ecosystem. This mission will be led by global experts in the semiconductor and display ecosystem.

    The Production Capacity of the New Unit

    Chips made by Kaynes Semicon’s assembly, testing, marking, and packaging (ATMP) unit can be utilized in electric cars, consumer electronics, mobile phones, telecom equipment, and various industries. The plant can generate 6 million chips per day.

    Kaynes Semicon CEO Raghu Panicker announced that a 47-50 acre site in Sanand will be used to establish the new operation. The company has leveled, tested the soil, and examined the structure in the last three months. It will start excavating on 3 September 2024 or the day after it receives the approval notice. The clean room is scheduled to be built in six to eight months.

    Panicker has stated that the company plans to earn some cash this fiscal year from the first packed chip for a paying customer, which he estimates to be produced by March 31, 2025.

    The initial packaged chip for a paying client will be available by March 31, 2025. He promised that while they would make a little profit this fiscal year, most of their income would arrive in the following fiscal year.

    Joining Hands With Global Players

    The electronics manufacturer Kaynes Technology is situated in Karnataka, and it has a wholly-owned subsidiary called Kaynes Semicon. Lightspeed Photonics of Singapore became Kaynes Semicon’s first OSAT (outsourced semiconductor assembly and test) customer last week, according to Panicker. He promised an announcement in the next weeks regarding the two new customers the firm had acquired, one in the United States and one in Taiwan.

    Two technological partners from different countries—one from Malaysia, Globetronics, and the other from Japan, Aptos Technology—have joined forces with Kaynes Semicon to launch this innovative ATMP unit. To build packaging and testing capabilities in India, Kaynes Semicon will pay up to $5.5 million to Aptos for people’s technical training and know-how licenses, according to an update filed with the National Stock Exchange by Kaynes in February 2024.

    Why only few companies produce semiconductor chips?
    The top 50 companies produce 89% of semiconductor chips. But why are there so few semiconductor manufacturers? Here we reveal the mystery.
    StartupTalkyPalak Ghai

  • Meta Scraps a Premium Headset Production That May Take on Vision Pro in the Market

    Rumors circulated recently that Meta was planning to shelve a high-end mixed-reality headgear that was supposed to ship in 2027, according to The Information, an American technology industry–focused business publication.

    The headset was supposed to be Meta’s response to Apple’s Vision Pro, thus the fact that the company scrapped the idea says a lot about its position in the competition with Apple.

    Cost Being the Big Factor

    Reportedly, the reason behind such a move is the cost. Sticking with a price point below $1,000 for the new headset was a goal of Meta, which is no small task when trying to compete with the $3,500 Vision Pro. So, maybe it shouldn’t come as a surprise that the project was canceled.

    The Quest 2 and Quest 3, two of Meta’s current low-cost headsets, are priced at $500 or less. This shifts the hardware focus to those models. That is far lower than the initial cost of a Vision Pro. The market for reasonably priced headsets is now dominated by Meta. Reports indicate that Apple plans to release a cheaper Vision headset next year, although it will still be unable to compete with Meta’s affordable options. Meta is probably preparing to become the budget mixed reality market leader.

    What Kind of Headset Market Is Meta Banking On?

    To attract the sizable demographic that cannot purchase a Vision Pro, Meta should direct its hardware development efforts toward producing affordable headsets. But this approach could backfire in the long run if Meta headsets get a bad rap for being “cheap” or of poor quality. 

    The possible effect on the headset market in the future makes this significant. One such example is the present state of the smartphone market. There is a common belief that Android phones are not as high-end as iPhones, even though both platforms can cost more than $1,000 and provide comparable features. While others may not give a hoot about how others see them, for other communities, the social ramifications of owning a certain phone model are extremely significant.

    For example, 87% of American teens own an iPhone, according to one survey. Because of this overwhelming majority, young people may feel shamed into hiding their Android phones (and the green bubbles that appear in iMessage) from their peers. Research comparing iOS and Android users’ app purchasing habits reveals that iOS users are more likely to spend money on applications and use them frequently compared to Android users.

    Even if a product is reasonably priced and has excellent quality and features, being known as the “cheap” brand can have serious consequences. When competing with Apple’s high-priced yet luxuriously comfortable headphones, Meta risks being lumped into that category if it sticks to selling cheap headphones.

    Meta Launches Largest Llama 3 AI Model
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    StartupTalkyNitin Konde

  • The Tamil Nadu Government Has Teamed up With Google to Build AI Labs

    The government of Tamil Nadu and tech giant Google have inked a memorandum of understanding (MoU) to establish “Tamil Nadu AI Labs” in Chennai.

    Google and Guidance, the government agency in Tamil Nadu responsible for promoting and facilitating investments, have signed a memorandum of understanding (MoU) to help the establishment of a strong artificial intelligence ecosystem. Enabling individuals, businesses, and government bodies to harness AI for equitable growth and advancement involves giving access to innovative technologies and resources.

    Minister for Industries Govt of Tamil Nadu TRB Rajaa announced a new relationship with Google and the launch of a new programme called ‘#TamilNaduAILabs’ at Guidance TN in Chennai in a post on X.

    The minister went on to say that the partnership’s goals include assisting small and medium-sized enterprises (SMEs) and the rural economy, helping two million youths become AI experts through the Naan Mudhalvan initiative, and working together with startups. Following the visit of Chief Minister M K Stalin to the United States, this statement is issued.

    Rajaa went on to say that the state government established over 4,000 high-quality employment and attracted investments worth INR 900 crore through the signing of six memorandums of understanding (MoUs) in various high-impact sectors.

    Sectors and Investments

    Some of the companies that have invested in this region include Nokia’s research and development center in Siruseri, PayPal‘s development center in Chennai focused on artificial intelligence and machine learning, Microchip and Yield Engineering Systems in Coimbatore, Applied Materials’ advanced AI technology center, and Infinx’s technology center in Madurai.

    “Since CM Stalin has arrived in the US, Tamil Nadu is speeding into a new age of technological innovation, design of semiconductors, and artificial intelligence!” Rajaa posted.

    This is significant because, following the post-pandemic spike in digitization, a growing number of large tech companies are considering investments in India to meet the country’s increasing demand.

    Google began producing the Pixel 8 smartphone here earlier this month. Executives at the company are also quite optimistic about the premium smartphone market in India and its enormous growth potential.

    Mentorship and networking opportunities with Google experts and industry leaders will be provided by Google in collaboration with Tamil Nadu’s startup ecosystem. The two will also host AI-focused events to address local concerns and encourage creativity and problem-solving. Eligible artificial intelligence businesses that have received venture capital funding can participate in the Google for Businesses program, which offers cloud credits, technical training, and business support to help them expand faster.

    Google Showing Keen Interest in India

    On the other hand, earlier this year, it was reported that Google was in advanced discussions to purchase a 22.5-acre land piece in Juinagar, which is located in Navi Mumbai, to construct the tech giant’s very first captive data center in India for the price of INR 850 crore.

    Additionally, the leaders of the company are optimistic about the enormous development potential that India possesses in the premium smartphone market.

    According to reports, the IT giant has already inked various lease agreements for space at colocation data centers in Navi Mumbai and Noida.

    Google AI Overviews Expands to India, Enhances Search Experience
    Google expands AI-powered Search Overviews to India, offering insights in English and Hindi, with features to switch languages and listen to responses.
    StartupTalkyNitin Konde

  • From April to July, the UPI System in India Handled Transactions Worth INR 81 Lakh Crore

    In the period from April to July of this year, the Unified Payments Interface (UPI), which is India’s very own digital payment system, handled transactions of INR 80.8 lakh crore, with July alone having the largest amount at INR 20.6 lakh crore.

    UPI completed transactions totaling INR 19.64 lakh crore in April, followed by INR 20.44 lakh crore in May and INR 20.07 lakh crore in June. In April, UPI processed transactions worth INR 19.64 lakh crore.

    Between January and July 2024, the Unified Payments Interface (UPI) handled a total of  INR 137.28 lakh crore worth of transactions, which is about equivalent to roughly $1.636 trillion.

    Growth in the Number of Transactions

    The UPI was used to complete more than 55.6 billion transactions between April and July, with July alone registering the largest number of transactions at 14.43 billion.

    From the beginning of this year until July, the nation witnessed a total of 93.4 billion transactions that were conducted through the use of the UPI.

    After recording 12.2 billion transactions in January, the payment system then registered 13.10 billion in February, 13.44 billion in March, 13.30 billion in April, 14.03 billion in May, and 13.88 billion in June. In January, the system recorded 12.2 billion transactions.

    Going Above and Beyond PayPal and Alipay in China

    Recent data from Paysecure, a worldwide payments center, indicates that the Unified Payments Interface (UPI) managed an astonishing 3,729.1 transactions per second. This represents a 58% increase from the 2,348 transactions per second that were recorded in 2022.

    Due to this spike, the United Payments Institution (UPI) has surpassed China’s Alipay, PayPal, and Brazil’s PIX in terms of the number of transactions.

    These findings were realized as a result of Paysecure’s investigation, which looked at forty of the most popular alternative payment methods all across the world.

    In addition, the survey stated that India is the leader in the world when it comes to digital transactions. More than forty percent of payments are made digitally, and the Unified Payments Interface (UPI) is utilized the majority of the time.

    A report published by the consulting firm PwC India indicates that the number of transactions on the Unified Payments Interface (UPI) is anticipated to increase by more than thrice, from approximately 131 billion in 2023-24 to 439 billion by 2028-29. This represents 91% of the total retail digital transactions taking place.

    About UPI

    The Unified Payments Interface (UPI) is a system that integrates several bank accounts into a single mobile application (of any participating bank). This system brings together several banking features, including seamless fund routing and merchant payments, under one roof. Additionally, it accommodates “Peer to Peer” collect requests, which can be scheduled and paid according to the requirements and according to the convenience of the user.

    In light of the information presented above, the National Payments Corporation of India (NPCI) carried out a trial launch with 21 member banks. Dr. Raghuram G. Rajan, Former Governor of the Reserve Bank of India, performed the pilot launch on April 11th, 2016, in Mumbai. Beginning on the 25th of August in 2016, financial institutions have begun uploading their UPI-enabled applications to the Google Play store.

    UPI – Unified Payments Interface | Features and Benefits
    UPI (Unified Payments Interface) is an instant real-time payment system. Know about advantages & disadvantages of UPI, services, charges, and more.
    StartupTalkyPiyush Mishra

  • Due to a Serious Liquidity Situation, Dunzo Is Laying Off an Additional 150-200 Workers

    Amid a severe liquidity constraint, the domestic quick-grocery delivery service Dunzo is reportedly laying off at least “150-200” additional staff. The company is planning to raise $35 million in capital from existing supporters such as Reliance Industries and Google in addition to new investors. There have been various reports that indicate that Dunzo is likely to reduce its employment by approximately thirty to forty percent or more.

    There have been reports that the corporation has informed the affected employees that they will receive their complete and final settlements in January. A brief meeting was held to officially tell the staff members of the most recent round of layoffs. Between the two waves of job cuts that have taken place so far this year, the startup has already terminated approximately 400 employees.

    Delay in Salaries

    In a continuous shortage of funds, Dunzo decided to postpone the payment of salaries to its staff members for June and July until November.

    Kabeer Biswas, the co-founder and CEO of the business, has stated that the company may also consider closing its office in Bengaluru to save expenses. According to reports, Biswas informed the staff that their outstanding payouts for June and July will now be cleared in November.

    Earlier, Dunzo postponed the payment of salary until the first week of October because it was unable to raise sufficient funds. Additionally, it had committed to paying employees a 12% annual interest rate on the salary component that it had withheld from June. A total of around $300 million has been brought in by the company since the beginning of 2022, bringing the total amount raised to nearly $500 million.

    About Dunzo

    Dunzo is an Indian on-demand delivery service that focuses on providing local food. With low delivery prices, it delivers anything and everything as needed. If a person happens to leave some important documents at home, Dunzo can deliver them to his workplace. Apart from that, Dunzo can go shopping for individuals if they are ever in a jam and can’t make it to the mall to buy a t-shirt.

    There are several eateries, apparel boutiques, and general merchandise establishments that Dunzo has partnered with. At this time, it is offering its services in Bengaluru, Delhi, Gurugram, Pune, Chennai, Mumbai, Jaipur, Noida, and Hyderabad. Startup Dunzo provides a hyper-local demand delivery service; its parent business is Dunzo Digital Private Limited. It is registered with the Registrar of Companies in Bangalore, where it was established on July 8th, 2014 through incorporation.

    Dunzo’s Journey: Beginnings, Evolution, Challenges
    Discover Dunzo’s remarkable journey from its inception, its current standing as a delivery pioneer in India, and the challenges it’s faced along the way.
    StartupTalkyPrithvi Durai

  • Foodtech Giant Zomato Gets Yet Another Demand Notice

    Zomato, a food-tech giant, has received a tax demand and penalty order totaling over INR 3.5 lakh, adding to the flood of goods and services tax (GST) warnings it has already been receiving.

    On August 31st, Zomato announced in an exchange filing that the Sales Tax Officer of Delhi’s Ward 300 had issued an adjudication order, increasing the GST demand to INR 1.89 Lakh plus interest of INR 1.59 Lakh and any applicable penalty, the amount of which was not specified. The company headed by Deepinder Goyal claimed that it received the GST notification “disputing the eligibility of the input tax credit and interest penalty thereon.”

    The filing indicated that the GST demand notice was issued for the period beginning in April 2019 and ending in March 2020.              

    The Second Notice in a Week

    Zomato has been hit with a demand and penalty order for the Goods and Services Tax (GST) for the second time this week. GST notices for around INR 4.59 crore were received by the company on 29 August 2024 from the authorities in Tamil Nadu and West Bengal. Zomato has stated that it intends to proceed with an appeal against the most recent tax demand order, even though it previously stated that it would file an appeal against the previous tax demand orders before the applicable judicial body.

    The company stated in response to the most recent demand notice that “despite the fact that the company believes that it has a strong case on merits, the company shall pay the applicable amounts to the GST authorities.” This was in reference to the amount involved and the cost of litigation.

    Zomato is now dealing with several tax concerns, which is an important fact to keep in mind. An INR 9.45 crore GST notice was sent to the food-tech major by the Assistant Commissioner of Commercial Taxes (Audit) in Karnataka. This notice was received by the company as of the previous month.

    The Gurugram Goods and Services Tax (GST) authority issued a tax demand and penalty notice for INR 11.8 crore to the food delivery company in April, before that. These changes take place at a time when Zomato’s stock is increasing as a result of the company’s growing financial performance. The company’s net profit went from INR 2 crore in the previous year’s quarter to INR 253 crore in the first quarter of FY25. The value of Zomato’s stock has increased by about 102% so far this year.

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  • In a Crackdown on Unregulated Firms, Sebi Removes Over 15,000 Pieces of Finfluencer Content

    Due to rising worries about the risks connected with unregistered financial influencers (finfluencers), markets regulator Sebi has revised standards to regulate them. Through three distinct announcements, the authority has limited the ability of its regulated businesses to do business with unregistered persons.

    This followed last month’s approval of a similar plan by the Sebi board. According to the notices, individuals who are regulated by Sebi and their agents are not allowed to be associated with anyone who offers advice, recommendations, or makes explicit claims of return in any way, whether through financial transactions, client referrals, or interactions with information technology systems.

    According to the regulator, no individual or agent regulated by the Board (Sebi) may be directly or indirectly associated with someone who gives advice or recommendations about securities (either directly or indirectly), unless that person is registered with or otherwise allowed by the Board to do so. Similarly, no one can make any claim—expressly or impliedly—about returns or performance related to securities (either directly or indirectly) unless they have been authorized to do so by the Board.

    Sebi Setting Standards for Accountability

    According to industry insiders, Sebi is establishing a benchmark for competence and transparency in the industry by mandating that finfluencers register with the regulator and follow certain rules.

    This change would make it such that stock brokers, research analysts, mutual fund firms, and registered investment advisors can’t work together with finfluencers.

    However, such cooperation has opened a modest opportunity for investor education. This is predicated on the premise that these finfluencers will not make any suggestions or assert any kind of profit or success.

    Technology platforms are being encouraged by Sebi to build systems that can detect and track unregulated content to enhance its supervision. A larger strategy to improve its regulatory structure includes this proactive approach, which is part of Sebi’s overall plan. For their part, Kamlesh Varshney, a whole-time member of Sebi said that Sebi is thinking about easing several regulations about research analysts and registered investment advisers. At the next Sebi board meeting in September 2024, the idea—which garnered more than a thousand replies—is likely to be considered.

    Why Sebi Has Taken This Step?

    The new Sebi standards prohibit any association, whether direct or indirect, between unregistered finfluencers and businesses that are regulated by Sebi. These entities include mutual fund houses, stockbrokers, and research analysts. With the help of new restrictions, ordinary investors will be protected from the biased or deceptive advice that is frequently provided by these influencers, who typically operate on a commission-based compensation model.

    As long as there are no promises for financial advice or returns, there is still a limited window of opportunity for investor education, even though Sebi’s crackdown is intended to protect investors. By establishing these severe requirements, the Securities and Exchange Board of India (SEBI) hopes to encourage accountability and guarantee that only those who are certified and regulated will provide financial guidance in the market.

    SEBI Plans Rules for Unregistered Finfluencers
    The Securities and Exchange Board of India (SEBI), the big boss of stock markets in India, is thinking about setting up some rules to follow and guidelines for these finance influencers, or “finfluencers”.
    StartupTalkyTripti Agarwal

  • Tanishq and De Beers Forge Partnership to Market Diamond Jewelry

    To raise awareness of natural diamond jewelry in India, Tanishq, the country’s leading jewelry brand, and De Beers, a multinational diamond major, recently established a strategic alliance. India has surpassed China as the world’s second-largest market for diamond jewelry, and the two countries are planning to cash in on this trend.

    The United States accounts for half the global demand for diamonds, making it the biggest market. According to experts, China accounts for 10% of diamond demand, while India accounts for 11%. Through the collaboration, Tanishq hopes to bolster sales of diamond jewelry as well. The latter make up thirty percent of the value of its jewelry sales.

    The Focus of the Partnership

    Tanishq and De Beers are teaming up to raise awareness about the difference between lab-grown and naturally occurring diamonds through marketing campaigns, employee training, and consumer education. Tanishq will continue to employ De Beers’ diamond verification technologies as part of the cooperation, and the two companies will also cooperate on testing processes to confirm the authenticity and traceability of diamonds. They will also ink supply arrangements.

    According to Ajoy Chawla, CEO of Titan’s jewelry division, the low penetration of studded jewelry and rising per capita earnings in the world’s most populous country create a significant opportunity for diamonds in India.

    According to analysts, the market for diamond studded jewelry in India has been on the rise, even though it only makes up around 13% of the total jewelry market in terms of value. This is likely because younger consumers prefer studded jewelry over gold jewelry. Affordable, on-trend diamond jewelry for daily wear has become a hot commodity, thanks in large part to the proliferation of online-only retailers.

    According to industry insiders, organized companies have been very proactive in their joint ventures with designers, releasing collections regularly, and improving their production and quality control skills in the diamond jewelry market.

    Top players Tanishq and Kalyan Jewellers have both gotten into the market through acquisitions, with Tanishq purchasing digital companies Candere and Kalyan Jewellers doing the same. These brands have since been removed from sale to establish an “omnichannel” presence and increase revenue.

    Rise of the Online Jewellery Market

    The online jewelry business in India is currently valued at approximately $1 billion, but experts predict it will grow threefold to $3 billion in the next few years, driven mostly by the demand for diamonds.

    Catching on this trend, unlisted jeweler Joyalukkas announced last week that it will establish an e-commerce jewelry brand by FY26 and expand its diamond jewelry counters at all of its locations. In addition, the jeweler mentioned that it aimed to increase diamond jewelry sales from 19% to 24% within the following four years.

    How Tanishq Sparkled to Success
    Tanishq’s tale is a compelling case study in innovation, market penetration, and understanding the cultural pulse of a nation.
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  • To Encourage Investment, the Cabinet Has Approved 12 “Industrial Smart Cities” and Will Spend INR 28,602 Crore on Them

    On 28 August 2024, 12 “industrial smart cities” across 10 states were given the green light by the Union Cabinet to receive an estimated investment of INR 28,602 crore, to enhance domestic manufacturing.

    List of cities approved for “industrial smart cities”

    City State
    Khurpia Uttarakhand
    Rajpura-Patiala Punjab
    Dighi Maharashtra
    Palakkad Kerala
    Agra and Prayagraj Uttar Pradesh
    Gaya Bihar
    Zaheerabad Telangana
    Orvakal and Kopparthy Andhra Pradesh
    Jodhpur-Pali Rajasthan

    At a press briefing, Commerce Minister Piyush Goyal stated that these projects seek to cultivate an industrial ecosystem by enabling investments from both large anchor industries and micro, small, and medium enterprises (MSMEs). They are designed to attract foreign direct investment (FDI) from countries like Switzerland and Singapore.

    The projects, which cover ten states and six significant industrial corridors, would link the Golden Quadrilateral in what the minister called a “necklace of industrial cities.” He went on to say that these cities will have “plug-and-play” infrastructure, meaning they will have access to clean water and power at all times.

    Steps Taken to Execute the Plan

    Following the announcement made by Finance Minister Nirmala Sitharaman during the Union Budget speech, in which she revealed a proposal to sanction 12 industrial parks under the National Industrial Corridor Development Programme (NICDP), the Cabinet has given its approval to the scheme.

    According to Sitharaman, “Our government will facilitate the development of investment-ready ‘plug-and-play’ industrial parks with complete infrastructure in or near one hundred cities.” This will be accomplished in conjunction with states and the business sector, and would be accomplished through improved utilisation of town planning schemes

    In the past, the government of Odisha did not grant any land for the project; however, following the administration shift, the land has been designated for the project. The state of West Bengal had presented a plan, but they ultimately decided to withdraw it. According to Goyal, industrial ventures will be built in any state that assists the Central Government.

    The Scheme Will Help India’s Exports Reach $2 Trillion by 2030

    By the year 2030, it is anticipated that these industrial nodes will serve as accelerators for the achievement of a total export value of $2 trillion. According to a statement released by the government, the new industrial cities would be developed as greenfield smart cities that meet global standards. These cities will be constructed “ahead of demand” based on the principles of “plug-and-play” and “walk on to work.”

    The National Industrial Corridor Development Programme (NICDP) projects are planned with a focus on sustainability, including ICT-enabled utilities and green technology to reduce their impact on the environment. The goal of the government is to establish industrial cities that are not only centers of economic activity but also exemplary examples of environmental management. This will be accomplished by providing infrastructure that is of high quality, dependable, and sustainable.

    The Government Backing Foreign Investment in India by Forming Right Policies and Initiatives
    To facilitate the country’s overall industrial growth, the Indian government intervenes with suitable policies via DPIIT and other Central Ministries/Departments.
    StartupTalkyNitin Konde

  • Dr. Akram Ahmad, Founder of Academically Global, Honored with BW HealthcareWorld 40 Under 40 Award 2024

    New Delhi, September 2, 2024: Dr. Akram Ahmad, founder of Academically Global, has been recognized as one of the recipients of the prestigious BW HealthcareWorld 40 Under 40 Awards 2024. The awards ceremony took place on August 31, 2024, at The Imperial Hotel, Janpath, New Delhi. This accolade celebrates the dynamic young leaders shaping the future of healthcare in India.

    Dr. Akram is committed to equipping medical professionals with the skills needed to pass crucial licensing exams that pave the way for lucrative careers abroad. Through his healthcare Edtech startup, Academically Global, he has successfully trained and empowered over 3,000 students and healthcare professionals from 75 countries in just two years. The EdTech achieves a 90% success rate in helping healthcare professionals secure international job placements.

    “It is a tremendous honor to be recognized as one of the 40 Under 40 awardees in the healthcare sector by BW HealthcareWorld. This recognition reaffirms my belief that with a clear vision, one can create a significant impact. I also owe this recognition to the collective efforts of our team at Academically Global, who are deeply committed to empowering healthcare professionals to build their careers in the country of their choice,” said Dr. Akram Ahmad, founder of Academically Global.

    The BW HealthcareWorld 40 Under 40 Award is a recognition of Dr. Akram Ahmad’s significant contributions to the healthcare industry and his relentless pursuit of excellence. His journey from a small town in Uttar Pradesh to a global healthcare leader serves as an inspiration to many.

    About Academically Global

    Academically Global, was founded in 2022 by Dr. Akarm Ahmad. The healthcare EdTech platform is dedicated to preparing medical professionals for licensing exams that are crucial for securing high-paying jobs in foreign countries. The platform’s success is driven by its comprehensive approach, offering end-to-end services from licensing exam preparation to document verification and resume creation. Academically Global has grown exponentially, generating ₹12 crore in revenue by 2023, and now generating ₹2 crore in revenue monthly. The healthcare Edtech startup is targeting ₹200 crore in annual revenue within the next two years.