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Tokyo Metropolitan Government launches its first Indian office in Bengaluru

YourStory

YourStory · 1y ago

Tokyo Metropolitan Government launches its first Indian office in Bengaluru

The Tokyo Metropolitan Government has opened its first Indian office, Access to Tokyo, in Bengaluru. The office will provide services such as market entry information and business support, facilitating collaborations between Indian and Tokyo-based companies. This move is part of the effort to attract global talent, technology, and investment to Tokyo. The office will engage with local companies, participate in exhibitions and events, and act as an entry point for startups looking to expand into Japan. Additionally, the Tokyo Metropolitan Government recently hosted the SusHi Tech Tokyo 2024 Global Startup Programme and showcased the newly expanded Tokyo Innovation Base projects.

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One App, Many Rides: Metro & Bus Tickets Now on Namma Yatri and Tummoc

StartupTalky

StartupTalky · 3m ago

One App, Many Rides: Metro & Bus Tickets Now on Namma Yatri and Tummoc

The Bengaluru Metropolitan Transport Corporation (BMTC) and Bangalore Metro Rail Corporation Ltd. (BMRCL) have collaborated with apps Namma Yatri and Tummoc to facilitate seamless first- and last-mile connectivity. By utilizing the General Transit Feed Specification (GTFS), these apps offer real-time data and integrated ticketing for metro and bus services in Bengaluru. This development aims to address last-mile connectivity issues and promote public transit, potentially increasing its usage to 70% by 2030, as per government goals.

Innovation and heritage meet sustainability at SusHi Tech Tokyo 2024

YourStory

YourStory · 1y ago

Innovation and heritage meet sustainability at SusHi Tech Tokyo 2024

Japan's SusHi Tech Tokyo 2024 Global Startup Programme, a two-day conference held in May, showcased the city's focus on sustainability and technology. The event aimed to address urban challenges, such as demographic changes and environmental concerns, through the exchange of ideas and discussions between startups, investors, and corporations. The programme's Pitch Contest attracted participants from 43 countries, competing for a prize of 10 million yen. The Tokyo Metropolitan Government's initiative to increase the number of startups and unicorns from Tokyo by tenfold over the next five years aligns with its goal to create a decarbonized and recycling-oriented society.

OpenAI to open Asia-Pacific hub in Singapore

Livemint

Livemint · 1y ago

OpenAI to open Asia-Pacific hub in Singapore

- OpenAI plans to open a Singapore office as its Asia-Pacific hub. - Oliver Jay has been appointed as the managing director for International, overseeing the company's global expansion. - Singapore is OpenAI's second office in Asia, following the recent opening of its Tokyo office. - The company aims to partner with the Singaporean government and tap into the country's thriving AI ecosystem. - OpenAI will be hiring 5 to 10 roles by the end of the year and is actively seeking office space in Singapore. - OpenAI has seen a significant increase in weekly active users of ChatGPT in Singapore since the beginning of the year.

Blackstone to Buy Tokyo Complex From Seibu for $2.6 Billion

Livemint

Livemint · 10m ago

Blackstone to Buy Tokyo Complex From Seibu for $2.6 Billion

Blackstone, the world's largest alternative asset manager, is set to acquire the Tokyo Garden Terrace Kioicho complex in Japan for approximately $2.6 billion. This will be the largest-ever real estate acquisition by a foreign fund in Japan. The complex includes a 36-story office tower, rental apartments, a hotel, and various retail and dining options. The deal highlights the increasing interest of global investors in the Japanese property market, driven by the weakened yen, low borrowing costs, and strong performance of properties in metropolitan areas. Blackstone plans to invest further in the complex for refurbishment and renovation.

Libas Partners with Zepto for 10-Minute Fashion Delivery in 50+ Cities

StartupTalky

StartupTalky · 5m ago

Libas Partners with Zepto for 10-Minute Fashion Delivery in 50+ Cities

Libas has partnered with Zepto to offer 10-12 minute fashion delivery in over 50 Indian cities, including major metropolitan areas like Delhi, Mumbai, and Bengaluru. This collaboration allows Libas to advance its digital-first strategy and make fashion instantly accessible, leveraging Zepto’s hyperlocal delivery network. Libas’ product range on Zepto includes best-selling kurta sets and everyday essentials. The partnership underscores the trend of quick commerce in fast-paced lifestyles, empowering consumers with immediate style access.

Widening gap between income and housing rents makes life tough for salaried Indians

Money Control

Money Control · 1y ago

Widening gap between income and housing rents makes life tough for salaried Indians

Rising rentals in Bengaluru, especially in areas near tech parks and office complexes, are causing a cost of living crisis as salaries struggle to keep up. As companies resume office work, an influx of migrants has increased rental demand, leading to a supply crunch. Rentals in Bengaluru are now comparable to prime locations in Mumbai, with some areas commanding rents of up to INR 2 lakhs. Similar situations are observed in other metropolitan cities like Delhi-NCR. The rising cost of rentals is making it increasingly challenging for millennials and Gen Z to find affordable housing.

CX management startup Nextiva launches hub in Bengaluru; plans to hire 150 in India

Economic Times

Economic Times · 6m ago

CX management startup Nextiva launches hub in Bengaluru; plans to hire 150 in India

Nextiva, a customer experience management platform, has launched an innovation center in Bengaluru, making it its second-largest facility outside the U.S. The Arizona-based unicorn, valued at $2.7 billion, plans to hire 150 more employees, expanding its Indian workforce. Founded in 2006 and backed by Goldman Sachs, Nextiva offers cloud-based communication tools for businesses. The Bengaluru office will focus on product and tech roles, with core platform development occurring in India.

PE-controlled multi-family office Credence prepares to roll out second fund

VCCircle

VCCircle · 11m ago

PE-controlled multi-family office Credence prepares to roll out second fund

Credence Family Office, majority owned by TIW Private Equity, is set to launch its second fund in the first half of 2025. The Bengaluru-based multi-family office had previously raised its first fund in 2022 and now plans to introduce a new fund.

Navi Mumbai accounts for 20 pc of prime office supply in MMR, to add 4 mn sq ft by FY28: C&W

Economic Times

Economic Times · 2m ago

Navi Mumbai accounts for 20 pc of prime office supply in MMR, to add 4 mn sq ft by FY28: C&W

Navi Mumbai is increasingly becoming a prominent office hub within the Mumbai Metropolitan Region, accounting for 20% of the region's office space. It currently offers 23.8 million sq ft of Grade A office space, with an additional 4 million sq ft projected by 2027-28. Key factors such as infrastructure developments, cost-effective spaces, and talent availability bolster its attractiveness. The upcoming Navi Mumbai International Airport and enhanced road links are expected to further increase accessibility and demand.

SurveyMonkey’s free product so good, hard to convert Indian users to paid plans: CEO Eric Johnson

Money Control

Money Control · 1y ago

SurveyMonkey’s free product so good, hard to convert Indian users to paid plans: CEO Eric Johnson

SurveyMonkey CEO Eric Johnson acknowledges the challenge of convincing cost-conscious Indian consumers to pay for premium services. He states that although they have a good free product, getting paid customers in India has been a struggle. This comes in light of SurveyMonkey opening its first office in Bengaluru and reflects the difficulty of monetizing in a price-sensitive economy like India. Other global tech firms, including Uber and Spotify, have also faced hurdles in getting Indian consumers to adopt premium services.

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