logo
Zoho Acquires Asimov Robotics

Zoho Acquires Asimov Robotics

Entrepreneur6 hours ago
Post-acquisition, the startup and its entire team will continue their operations from Zoho's new campus in Kottarakkara, Kerala.
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
Zoho Corporation, the parent company of Zoho and ManageEngine, has announced the acquisition of Kochi-based deeptech startup Asimov Robotics. The move underscores Zoho's commitment to strengthening its research and development capabilities in robotics and emerging technologies.
Founded in 2012, Asimov Robotics specializes in developing robotic solutions tailored to perform hazardous and repetitive tasks across various industries.
Post-acquisition, the startup and its entire team will continue their operations from Zoho's new campus in Kottarakkara, Kerala. The team will benefit from close mentorship and collaboration with Zoho's in-house experts, according to an official company statement.
The strategic acquisition aligns with Zoho's broader goal of building cutting-edge technology solutions in India, especially from rural regions. "Our Kottarakkara office will be dedicated to enhancing our R&D projects in fields like AI and robotics. We will also be partnering with other deeptech organisations to expand our impact," said Shailesh Davey, Co-founder and CEO of Zoho Corp.
The official announcement was made during the inauguration of Zoho's Kottarakkara campus, which was presided over by Kerala Chief Minister Pinarayi Vijayan and Finance Minister K N Balagopal. Also present were Zoho US Co-founder Tony Thomas, Zoho Chief Scientist Sridhar Vembu, Member of Parliament Kodikunnil Suresh, Kerala Startup Mission CEO Anoop Ambika, and former ISRO Chairman Dr S Somanath.
Speaking at the event, Finance Minister Balagopal said, "This collaboration with Zoho is a major step forward in building Kerala's local ecosystems. It will lead to IP creation, product R&D, and knowledge development from rural areas. The Kottarakkara campus is a model that could be replicated across the state."
The new facility, which can accommodate up to 250 employees, will initially focus on AI and robotics. Zoho has already been hiring local talent from nearby towns and villages, reinforcing its decentralisation strategy. The company opened its first office in Kottarakkara in 2024.
In addition, Zoho has launched a structured internship programme at the campus. The initiative includes a three-month foundational training in programming languages like C, C++, and Python, followed by six months of project-based learning. Successful interns are offered full-time positions, and to date, 40 employees have been onboarded through the programme.
Zoho has also partnered with the Kerala Startup Mission to support its Deep Tech Product Studio initiative, furthering its collaboration with emerging startups and innovators in the region.
With this acquisition and infrastructure investment, Zoho is positioning itself as a catalyst for deeptech innovation from rural India, paving the way for sustainable and inclusive technology development.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Latest News In Electric Vehicles - Revolutionizing Transportation The Future of eVTOL Vehicles
Latest News In Electric Vehicles - Revolutionizing Transportation The Future of eVTOL Vehicles

Yahoo

timean hour ago

  • Yahoo

Latest News In Electric Vehicles - Revolutionizing Transportation The Future of eVTOL Vehicles

The flying car market, or electric vertical takeoff and landing (eVTOL) sector, is anticipated to revolutionize urban transportation by enabling vehicles to operate both on roads and in mid-air, which could alleviate congestion and offer sustainable mobility solutions. Recent research projects that the market will grow significantly from a value of USD 264.5 billion in 2025 to USD 6.56 trillion by 2034, fueled by advancements in battery technology, electric propulsion, and autonomous flight systems. Developments in regulatory frameworks, as well as strategic partnerships among eVTOL manufacturers, battery suppliers, and infrastructure developers, are paving the way for commercialization. Expanded pilot programs and successful test flights are also enhancing the operational feasibility of these airborne vehicles. Elsewhere in the market, was a standout up 5.9% and ending trading at ₹34,388.50. In the meantime, lagged, down 3% to end the day at CN¥67.70. Bosch is strategically positioned to benefit from increasing electric vehicle demand. Discover more about Bosch's investment potential by clicking here. For more insights, read our Market Insights article on the turbulent transition to greener energy, highlighting renewable investment opportunities amid market challenges. Get in fast! finished flat at, $315.35. Two days ago, the company reported second-quarter 2025 production of 410,244 vehicles and deployment of 9.6 GWh of energy storage. settled at HK$121.50 down 1.2%. The company announced on 2 July that it will take over direct distribution in Sweden to support long-term growth in Europe. Dive into all 58 of the EV Stocks we have identified, like Chongqing Qianli Technology, Subaru and Ningbo Tuopu GroupLtd, right here. Searching for a Fresh Perspective? We've found 16 US stocks that are forecast to pay a dividend yeild of over 6% next year. See the full list for free. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sources: Simply Wall St "Flying Cars Market Research Report 2025-2034 | eVTOL Innovations Propel Revolutionary Urban Transformation, Strategic Alliances Fuel Flying Cars Ecosystem, Boosting Infrastructure and Sustainability" from Research and Markets on GlobeNewswire (published 04 July 2025) Companies discussed in this article include BSE:500530 NasdaqGS:TSLA SEHK:1211 and SZSE:300274. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Meesho Files Papers Confidentially to Raise ₹4,250 Crore, TFS to Raise ₹2,000 Crore
Meesho Files Papers Confidentially to Raise ₹4,250 Crore, TFS to Raise ₹2,000 Crore

Entrepreneur

timean hour ago

  • Entrepreneur

Meesho Files Papers Confidentially to Raise ₹4,250 Crore, TFS to Raise ₹2,000 Crore

Meesho, a leading name in India's fast-growing e-commerce space, has filed confidential documents for an initial public offering (IPO). Travel Food Services (TFS), known for operating food counters and lounges across India's major airports, is set to launch its INR 2,000 crore initial public offering (IPO). You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Meesho, a leading name in India's fast-growing e-commerce space, has filed confidential documents for an initial public offering (IPO), according to a report by Reuters. The company plans to raise approximately INR 4,250 crore (around USD 497.30 million) through the issue of fresh equity shares. The IPO will also include a secondary component, with some existing investors expected to sell a portion of their stakes. While detailed terms of the secondary sale haven't been disclosed, Meesho has already secured shareholder approval, according to filings with the 'Registrar of Companies.' Founded as a challenger to giants like Amazon and Flipkart, Meesho is backed by some of the world's most notable investors, including Prosus, Elevation Capital, WestBridge Capital, SoftBank, and Peak XV Partners. Opting for a confidential filing enables Meesho to interact with market regulators and obtain feedback without prematurely disclosing financials or strategic details. This route is increasingly being used by Indian tech companies — Groww and Shadowfax have recently adopted the same strategy. On the performance front, Meesho has shown notable financial progress. In FY 2024, its revenue climbed 33 per cent to INR 7,615 crore, while net losses reduced sharply to INR 305 crore, from INR 1,675 crore the previous year. The sharp drop in losses signals tighter cost controls and improved efficiency. Travel Food Services Launches ₹2,000 Crore IPO Travel Food Services (TFS), known for operating food counters and lounges across India's major airports, is set to launch its INR 2,000 crore initial public offering (IPO). The IPO, entirely an offer for sale (OFS) by the Kapur Family Trust, involves no issuance of new shares. As such, the entire proceeds will go to the selling shareholder. However, employees will benefit from an INR 104 per share discount in their reserved allotment. The public issue is priced between INR 1,045-1,100 per share (face value of INR 1) and will open for subscription on Monday, 7 July, closing on Wednesday, 9 July. Retail investors are required to bid for a minimum of 13 shares, and in multiples thereafter. Ahead of the IPO opening, the stock is trading at a grey market premium (GMP) of INR 92, suggesting a potential listing price around INR 1,192, nearly 8 per cent higher than the upper end of the price band. However, actual performance will depend on prevailing market sentiment at the time of listing. In terms of financial performance, TFS reported a 21 per cent year-on-year rise in revenue to INR 1,687.7 crore in FY 2025, while net profit increased by 27 per cent to INR 379.7 crore. TFS operates in 14 Indian airports, including Delhi, Mumbai, and Bengaluru. The company also has a presence in Malaysia and Hong Kong, and operates QSR formats across nine highways in India. Kotak Mahindra Capital, HSBC Securities, ICICI Securities, and Batlivala & Karani are acting as the lead managers (BRLMs) to the issue, while MUFG Intime is the designated registrar. Market context: Broader Sentiment Remains Cautious Sundar Kewat, Technical and Derivatives Analyst, Ashika Institutional Equity, said that on the *derivatives front*, notable open interest spurts were seen in stocks like TECHM, TRENT, BOSCHLTD, ANGELONE, and BSE. "After 5 straight sessions of losses, the market remained in a consolidation phase as investors stayed on the sidelines ahead of the July 9 deadline set by U.S. President Donald Trump for trade tariff negotiations," said the overview commentary.

IT Services Companies Set up Dedicated GCC Service Units
IT Services Companies Set up Dedicated GCC Service Units

Entrepreneur

timean hour ago

  • Entrepreneur

IT Services Companies Set up Dedicated GCC Service Units

The GCC-as-a-Service model enables the company to focus on its core operations while the service provider takes care of the other aspects like infrastructure, real estate, legal compliance, tech peripherals, and talent. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Several Indian IT services companies are setting up dedicated service units catering to global capability centres (GCCs) to help such centres optimize costs and create additional value. Establishing a GCC business typically requires millions of dollars of upfront investment in the form of Capex while taking between 12-24 months to set up, operate and scale. The GCC-as-a-Service model enables the company to focus on its core operations while the service provider takes care of the other aspects like infrastructure, real estate, legal compliance, tech peripherals, and talent. On July 1, LTIMindtree launched its GCC-as-a-Service offering to cater to organizations that may want to set up GCCs or scale their existing ones to optimize costs and create added value. "The catalogue covers a spectrum of Build, Operate, Transform and Transfer services, offering clients the option to pick and choose what they require," the company said in a statement. GCC-as-a-Service commercials are designed on a per-seat or per service basis to ensure cost optimization and value realization. The 'Build' component includes end-to-end support for setting up entities including legal compliance and infrastructure; under 'Operate' services include transition management, program governance, delivery excellence, and knowledge management. The 'Transform' component includes transformation enablers such as industry-specific offerings, technology solutions and frameworks. Finally, the 'Transfer' component includes structured transition services covering talent migration, capability handover, change management and knowledge transfer to ensure long-term success and continuity. Venu Lambu, Chief Executive Officer and Managing Director, LTIMindtree, said, "GCCs are becoming strategic centers for industry-specific transformation and efficiency. LTIMindtree's GCC-as-a-Service helps enterprises build, scale, and evolve their GCCs into global innovation hubs, leveraging our BlueVerse ecosystem to drive next-gen capabilities and gain a competitive edge with scalable, responsible AI." LTIMindtree's GCC-as-a-Service comes days after Quest Corp, leading provider of staffing and workforce solutions, launched Origint, a strategic service-line to help global enterprises set up, scale, and operate high-performing GCCs across India and key international market. This strategic move comes at a time when India has emerged as the epicenter of GCC growth. The country now hosts about 1,800 GCCs, with 120 new centers launched in 2024 alone. These centers contributed to 17 per cent YoY tech workforce growth, adding nearly 1.8 lakh jobs in 2024, and the market is projected to reach USD 105 billion by 2030, employing 24 lakh professionals. As GCCs evolve from cost-efficiency centers into strategic hubs of innovation, Quess said Origint serves as "a single-window solution to empower global capabilities and offers a comprehensive solution that spans blueprinting, regulatory compliance, real estate, infrastructure management, digital onboarding, AI-powered hiring, and managed operations for global enterprises. It offers bespoke solutions for firms seeking shared service hubs, tech delivery centers, R&D units, or customer experience operations." "Global enterprises are increasingly seeking more than mere cost savings — they want speed, innovation, and efficiency at scale," said Guruprasad Srinivasan, CEO & Executive Director, Quess Corp. "With Mohit Mathur joining as Chief Business Officer for our GCC business, we are scaling up this opportunity. Under Mohit's leadership, Origint is being launched, to transform capability centers into dynamic ecosystems that empower businesses to scale and thrive in a rapidly evolving digital landscape. This is more than a new service line, it's a growth engine for our clients and for Quess. Origint is our commitment to powering the next wave of enterprise transformation, not as a service provider, but as a long-term growth partner." Lohit Bhatia, President – Workforce Management, Quess Corp, said, "Over the last 17 years, Quess has built a solid foundation which further enabled us to support over 350 GCCs across 8 countries. Origint - Powered by Quess and in partnership with our demerged entities - Digitide for AI-first digital solutions and Bluspring for infrastructure management, and other key external global partners, we are making a bold bet on the future of GCCs. With this holistic approach across people, platforms, and precision delivery, we are poised to reimagine the GCC playbook." To be sure, GCCs are taking away part of the business from IT services companies as clients are reducing their outsourcing spend by setting up their own tech centres. So by building business lines like GCC-as-a-Service, IT services companies are in a way partnering with the GCCs instead of competing.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store