Latest news with #IPO-bound
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Business Standard
13-06-2025
- Business
- Business Standard
IPO-bound Allchem in legal tussle with Alkem over trademark infringement
IPO-bound Allchem Lifesciences adds legal dispute with Alkem to DRHP as Delhi HC directs both firms to mediation and next hearing is scheduled for 9 July Sanket Koul New Delhi Listen to This Article Vadodara-based Allchem Lifesciences on Friday issued an addendum to its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi), highlighting a suit filed by Alkem Laboratories against it in the Delhi High Court. The suit, filed on 23 April, alleges infringement of Alkem Labs' trademark with respect to the use of the name Allchem by the initial public offering (IPO)-bound company. In its submission to the Delhi HC, Alkem has sought a permanent injunction on the use of the name 'Allchem' and the offer under this name, along with damages of ₹2 crore for the
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Business Standard
12-06-2025
- Business
- Business Standard
Shiprocket partners with Fynd to improve last-mile delivery for D2C brands
IPO-bound Shiprocket, an e-commerce enablement platform, on Thursday announced a strategic partnership with AI-native commerce platform Fynd to enhance last-mile delivery for over 300 direct-to-consumer brands. With this partnership, Fynd will also integrate Shiprocket's logistics provider aggregation services, including courier selection, price comparisons, and order tracking, enabling brands on Fynd to fulfil orders using Shiprocket's logistics partners, the company said in a statement. The service is already live for over 300 active direct-to-consumer brands on Fynd's order management system. With Shiprocket's network, the partnership is expected to improve delivery timelines, especially in Tier II and Tier III markets, it added. "This partnership brings logistics automation and delivery optimisation to the fingertips of Fynd's brand ecosystem. Partnering with Fynd brings that vision to life for hundreds of growing D2C businesses," said Shiprocket's Chief Executive Officer (Domestic Shipping) Atul Mehta. Ragini Varma, Chief Business Officer - India, Fynd, said, "This partnership means fewer trade-offs, broader reach, and a faster path to scale. It's the infrastructure that thinks -- so brands can focus on building what's next".
Time of India
17-05-2025
- Business
- Time of India
IPO-bound Shiprocket launches India's first AI-integrated MCP server to drive autonomous eCommerce
IPO-bound has unveiled India's first AI-integrated Model Context Protocol (MCP) server, a move the company described as a major leap towards autonomous . In a statement released on Friday, Shiprocket said the new MCP server empowers AI agents to autonomously perform core operations — including checking shipping rates, processing orders, and tracking deliveries — using a single line of instruction. Tired of too many ads? go ad free now The company emphasized that the technology is designed specifically for direct-to-consumer (D2C) brands and micro, small, and medium enterprises (MSMEs), offering faster execution, seamless integration, and hands-free operation, all backed by enterprise-grade security, PTI reported. 'Our MCP Server launch marks a transformative shift from manual workflows to autonomous operations powered by AI. This is how we enable millions of businesses to work smarter, respond faster, and scale effortlessly,' said Saahil Goel, Managing Director and CEO of Shiprocket. He further added, 'This is more than just an integration, it's a new interface for eCommerce. We're enabling a world where AI doesn't just support business decisions, it executes them.' With this rollout, Shiprocket aims to transition from traditional manual processes to a fully autonomous commerce infrastructure, aligning with its broader vision of redefining digital commerce in India.
Time of India
24-04-2025
- Health
- Time of India
Fractal proposes indigenous AI medical models to improve healthcare
HYDERABAD: IPO-bound Fractal Analytics submitted a proposal to the IndiaAI Mission to build indigenous medical foundation models aimed at improving healthcare accessibility , medical education, and clinical decision support. Srikanth Velamakanni, co-founder of Fractal Analytics, said the estimated cost of the project would be around Rs 150 crore. Fractal proposed building a comprehensive family of foundation models—from base language models to specialised medical reasoning systems with multimodal capabilities to advance AI in healthcare, aimed at transforming the medical landscape. "The PG NEET test is taken by 200,000 people every year. Indian doctors take it annually for their post-graduation in medicine. On that test, we scored 83, which is our benchmark. All the other open-source models we accessed scored much less than that. We launched Vaidya AI to elevate it to the next level by building India's biggest breakthrough medical model," Velamakanni Mumbai-based company developed India's first multimodal medical assistant, which outperformed frontier language models like GPT-4o, Gemini, and Llama 3.2 on the PG NEET benchmark. Trained extensively with more than 650,000 images and 200,000 text samples, exhibits proficiency in processing various Indian languages, such as Hindi, Kannada, Tamil, and Telugu. Fractal's proposal said that multimodal reasoning systems possess the capability to recognise patterns of symptoms, enhancing diagnostic assessments through analysis and verification across X-rays and CT scans. These systems function by validating signals between different modes of data collection, such as establishing connections between minute features of lung nodules visible in CT scans, alterations in respiratory measurements from wearable devices, and descriptive information documented in clinical records. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo India's healthcare system demonstrates a pressing need for technological advancements. The disparity in healthcare access is particularly evident in rural and semi-urban regions, where the ratio of doctors to patients surpasses 1:1,500, significantly higher than the WHO's recommended standard of 1:1,000. He said the medical reasoning model supports doctors and patients with diagnosis and health-related questions. "The model can aid medical reasoning. It can assist a doctor in reaching a diagnosis. It could help a patient understand their symptoms or determine what their side effects might be. It can also provide guidance on what nutrition they should follow." The tech roadmap has two phases, with the first one incorporating a foundational language model trained from scratch on 18T tokens, STEM content, coding, and educational material. It also includes a multimodal foundation integrating the vision encoder with the language model. The second phase includes meta-cognitive abilities, self-reflection, and expert-level medical reasoning capabilities. Velamakanni said Fractal has an extensive collection of educational materials, including PG NEET and MBBS examination books covering the five-year medical programme. The dataset underwent thorough preparation through text standardisation, medical term identification, and contextual parsing before being utilised to calibrate Vaidya, ensuring its foundation in reliable, examination-focused medical knowledge and clinical analysis. Stay informed with the latest business news, updates on bank holidays and public holidays . Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
