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Economic Times
2 hours ago
- Business
- Economic Times
Fashion tech startup Zilo raises $4.5 million from Info Edge Ventures, Chiratae Ventures
TIL Creatives Fashion tech startup Zilo has raised $4.5 million in a seed funding round co-led by Info Edge Ventures and Chiratae Ventures, as the company looks to expand its quick commerce model for urban fashion Mumbai-based startup plans to use the capital to strengthen its hybrid supply chain, deepen brand partnerships, and expand beyond Mumbai to other metro cities by the end of the year. Founded by Padmakumar Pal, a former senior executive at ecommerce platforms Flipkart and Myntra, and Bhavik Jhaveri, Zilo delivers fashion and lifestyle products from over 250 brands, including Levi's, Louis Philippe, Puma, and The Souled Store, in under 60 minutes. The company said it also offers scheduled home trials, instant returns, and AI-powered style recommendations."Zilo is creating a space which has the best blend of Online and Offline retail experiences, where speed, quality, and curation can coexist. The current landscape is cluttered, overwhelming and less reliable, especially for the discerning consumers who value both convenience and style," CEO Pal of the upcoming festive season, the company plans to expand into new categories such as footwear, bags, and accessories, and scale up to 100,000 styles across its platform.'Our other quick commerce investments have proven three constants for the consumer; speed sparks adoption, personalisation grows conversions and basket size, and trust in consistent delivery fuels loyalty and frequency,' said Kitty Agarwal, partner at Info Edge Ventures. 'Zilo aims to deliver on all three fronts with 60 minutes' delivery, Home Trials, instant returns, and a hand-picked curation of the best brands.' Zilo's fundraise comes amid rising interest in ultra-fast fashion delivery from both emerging brands and large ecommerce players. Brands such as Newme, Slikk, Blip, and Snitch, along with platforms such as Myntra and Ajio, are focusing on rapid delivery. Slikk recently raised $10 million in a round led by Nexus Venture Partners. Earlier this month, omnichannel menswear brand Snitch raised around $40 million in a round led by 360 One Asset (formerly IIFL Wealth & Asset Management). Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Profits plenty, prices attractive, still PSU stocks languish. Why? Why Sebi must give up veto power over market infra institutions Oil, war, and the Hormuz gambit: Why the 2025 standoff won't mirror the 2022 shock! Second only to L&T, but controversies may weaken this infra powerhouse's growth story Stock Radar: Titan Company bounces back after testing 200-DMA in June; breaks out from 1-month consolidation – what should investors do? Long- or medium-term investing: Invest in ability & balance sheet; 6 large-caps from different sectors, with upside potential of up to 36% Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus These large- and mid-cap stocks can give more than 23% return in 1 year, according to analysts
Economic Times
21 hours ago
- Entertainment
- Economic Times
Google unveils Doppl that styles outfits virtually; offers animated videos
ETtech Tech giant Google unveiled a new experimental app called Doppl on Thursday in the United States, which helps users virtually style their outfits and access animated versions of themselves. Doppl, a product of Google Labs, allows a virtual try-on to 'visualise how an outfit might look on you.' The application is available on both iOS and Android versions. How to use Doppl? Post sign-up, the user has to upload a full-body picture to try on new looks. Doppl allows recommendations for choosing a picture in the 'Tips for great results' option. Once the picture is ready, the user can upload an image or screenshot of outfits they would like to try on, whether it be an outfit from social media, a blog, or even a friend. Once the inspiration look is uploaded, tap on the animate button to see your look in motion with a short video. The new look can be saved in a camera roll and shared with others. What looks can you try on?As the app is in the experimental stage, it offers limited choices. Users can try on outfits such as tops, bottoms, and items, such as shoes, lingerie, bathing suits, and accessories, are not supported. These include costumes as well as many traditional, religious, and cultural outfits that may not work well. What else? Doppl can explore styles and add missing elements other than tops, bottoms, and dresses to complete the look, which the company calls 'imagined items.' Whereas 'default outfit' lets you pick a basic look in case the outfit provided by the user is not supported.'While generated images can help you visualise how an item might look on you, they don't provide a representation of fit, suggest a size, or indicate size availability," the company said. This development follows Google Shopping, which allows virtual try-on features of clothing items just by uploading a picture. However, Doppl follows the age restrictions of over 18 years. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Profits plenty, prices attractive, still PSU stocks languish. Why? Why Sebi must give up veto power over market infra institutions Oil, war, and the Hormuz gambit: Why the 2025 standoff won't mirror the 2022 shock! Second only to L&T, but controversies may weaken this infra powerhouse's growth story Stock Radar: Titan Company bounces back after testing 200-DMA in June; breaks out from 1-month consolidation – what should investors do? Long- or medium-term investing: Invest in ability & balance sheet; 6 large-caps from different sectors, with upside potential of up to 36% Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus These large- and mid-cap stocks can give more than 23% return in 1 year, according to analysts
Economic Times
a day ago
- Business
- Economic Times
Ex-OpenAI researcher confirms move to Meta, denies $100 million payout
Reuters The AI talent war continues to heat up. Lucas Beyer, one of the three senior researchers who recently left OpenAI for Meta, has confirmed his new role at the social media giant but dismissed claims that the trio was offered a $100 million sign-on bonus.'Hey all, couple quick notes: 1) yes, we will be joining Meta. 2) no, we did not get 100M sign-on, that's fake news,' Beyer wrote on social media platform X. He added, 'Excited about what's ahead though, will share more in due time!' Beyer was part of OpenAI's Zurich office along with researchers Alexander Kolesnikov and Xiaohua Zhai. The Wall Street Journal had earlier reported that all three had been poached by Meta to join its CEO Mark Zuckerberg's newly created 'superintelligence' team. The team is tasked with developing Artificial General Intelligence (AGI), AI systems that can perform tasks better than humans. Earlier this week, OpenAI chief Sam Altman criticised Meta's approach to hiring, suggesting that the company was offering massive packages to lure away top talent because it lacked in innovation. 'They started making giant offers to a lot of people on our team,' Altman said in a podcast hosted by his brother. 'You know, like $100 million signing bonuses, more than that in compensation per year.'Meta has denied those claims. According to The Verge, during an internal meeting on Friday, the company's CTO told employees that Altman's remarks were inaccurate.'Sam is known to exaggerate, and in this case, I know exactly why he's doing it, which is because we are succeeding at getting talent from OpenAI,' he said. 'He's not very happy about that.' Meta's AI push has intensified in recent months. The company is investing heavily to stay ahead in the race, including a $14.3 billion deal for a 49% stake in Scale AI. It has also onboarded Scale AI's 28-year-old founder Alexandr Wang to bolster its efforts. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Profits plenty, prices attractive, still PSU stocks languish. Why? Why Sebi must give up veto power over market infra institutions Oil, war, and the Hormuz gambit: Why the 2025 standoff won't mirror the 2022 shock! Second only to L&T, but controversies may weaken this infra powerhouse's growth story Stock Radar: Titan Company bounces back after testing 200-DMA in June; breaks out from 1-month consolidation – what should investors do? Long- or medium-term investing: Invest in ability & balance sheet; 6 large-caps from different sectors, with upside potential of up to 36% Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus These large- and mid-cap stocks can give more than 23% return in 1 year, according to analysts
Time of India
a day ago
- Business
- Time of India
TSMC unit TSMC Global acquires fixed-income securities for $12 million
This investment aligns with TSMC's strategy to manage cash reserves prudently amid ongoing global economic uncertainties and evolving semiconductor industry dynamics. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Profits plenty, prices attractive, still PSU stocks languish. Why? Why Sebi must give up veto power over market infra institutions Oil, war, and the Hormuz gambit: Why the 2025 standoff won't mirror the 2022 shock! Second only to L&T, but controversies may weaken this infra powerhouse's growth story Stock Radar: Titan Company bounces back after testing 200-DMA in June; breaks out from 1-month consolidation – what should investors do? Long- or medium-term investing: Invest in ability & balance sheet; 6 large-caps from different sectors, with upside potential of up to 36% Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus These large- and mid-cap stocks can give more than 23% return in 1 year, according to analysts
Economic Times
3 days ago
- Business
- Economic Times
Being so judgemental?
When we look at a human being, we look deeply enough to see that an individual is made of many elements: society, education, parents, ancestors, culture and so on. If we don't see all these elements, we don't fully see the person. If he has the tendency to behave in a negative manner, it doesn't mean that he likes to behave that way, but that he may be a victim of transmission. The negative seeds in him may have been transmitted to him by his society, his parents, his ancestors or his you realise this, it will be easier to have compassion for him. Then, you will be motivated less by the desire to judge than by the desire to do something to change the environment, the culture, so that the next generation will not be a victim of transmission. When you look deeply at yourself and you notice one of your strengths, you know you have inherited it from your ancestors, your parents, your culture and so on. Likewise, you see the negative things in yourself, such as fear, anger and discrimination that may have been transmitted to you by your parents and ancestors. Your parents and ancestors were not able to transform themselves, that is why they have passed these things on to you. But you have an opportunity to transform so that you will not transmit these negative things to your children. This way of looking at yourself and others will give you understanding, compassion and a desire to act in order to transform. (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Crash. Silence. Confusion. How India's air accident watchdog is failing its biggest test yet HDB Financial may be cheaper than Bajaj Fin, but what about returns? Index funds were meant to simplify investing. Why are they overwhelming investors now? Second only to L&T, but controversies may weaken this infra powerhouse's growth story How Vedanta's Anil Agarwal bettered Warren Buffett in returns Stock Radar: Buy on Dips! Bharat Dynamics pare gains after hitting record highs in May 2025; check target & stop loss Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus These large-caps have 'strong buy' & 'buy' recos and an upside potential of more than 25%
