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PhonePe expands hardware footprint with 7 lakh cores across 3 data centres in India

YourStoryYourStory · 1y ago
PhonePe expands hardware footprint with 7 lakh cores across 3 data centres in India
Medial

PhonePe, a leading fintech company, has expanded its hardware footprint across three data centres in India, managing around 700,000 processing units, or cores. This infrastructure expansion aims to improve the company's technological capabilities and support its growing user base. PhonePe has also developed a large-scale alternative cooling system, utilising Direct Contact Liquid Cooling and Liquid Immersion Cooling technologies, to enhance energy efficiency and reduce its carbon footprint. Additionally, the company has invested in building in-house Software-as-a-Service (SaaS) platforms and has implemented AI-driven automation to improve customer service and achieve significant cost savings. In FY24, PhonePe reported a 74% increase in revenue and achieved a profit after tax of INR 197 crore.

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Amazon expands 10 min quick delivery service ‘Amazon Now’ to Gurugram

EntrackrEntrackr · 7d ago
Amazon expands 10 min quick delivery service ‘Amazon Now’ to Gurugram
Medial

Amazon expands 10 min quick delivery service ‘Amazon Now’ to Gurugram E-commerce major Amazon India has expanded its ultra-fast delivery service, Amazon Now, to Gurugram, further expanding its quick commerce footprint across large Indian cities. Amazon Now enables delivery of daily essentials within 10 minutes through a network of micro fulfilment centres located close to customer neighbourhoods. The service is available through the main Amazon app for select pin codes. The company first piloted the 10-minute delivery service in Bengaluru in December last year. During the pilot, Amazon offered a limited assortment of everyday products, including groceries, personal care items, and small household essentials. Following the Bengaluru pilot, Amazon expanded the service to Delhi, where it rolled out Amazon Now across select locations in the city. In September, Amazon further extended Amazon Now to Mumbai. At the time, the company said it had set up more than 100 micro fulfilment centres across Bengaluru, Delhi, and Mumbai to support the 10-minute delivery promise. Amazon recently said that it is opening two micro fulfilment centres every day to enable 10-minute deliveries across more neighbourhoods in Bengaluru, Delhi, and Mumbai. According to the company, the aggressive expansion expects to take Amazon Now’s footprint to over 300 centres by the end of the year, from around 100 during the festive season. In a recent social media post, Amazon India head Amit Agarwal said the company had piloted the quick delivery service from micro fulfilment centres in Haryana, where teams are able to pick, pack, and deliver everyday essentials within minutes. The move coincides with heightened activity in the quick commerce segment, with players such as Zepto, Blinkit, and Instamart stepping up their expansion efforts. Amazon’s rival Flipkart entered the space earlier with the launch of its quick delivery service, Minutes, in Gurugram and other parts of the NCR region late last year.

Microsoft to invest $17.5 Bn in India to expand cloud and AI infrastructure

EntrackrEntrackr · 14d ago
Microsoft to invest $17.5 Bn in India to expand cloud and AI infrastructure
Medial

Snippets Microsoft to invest $17.5 Bn in India to expand cloud and AI infrastructure Microsoft is planning to invest $17.5 billion in India as part of its long-term strategy to scale its cloud and artificial intelligence operations in the country, according to a statement by CEO Satya Nadella. The investment is expected to be deployed across data centres, AI infrastructure, skilling programmes, and partnerships with enterprises and startups. Microsoft has not disclosed a specific timeline for the full investment rollout. The company continues to expand its presence through partnerships with Indian firms, startups, and government agencies. This commitment follows Microsoft’s earlier announcement of a $3 billion investment for India over two years to expand its cloud and AI footprint. The latest disclosure indicates that India will remain a central market for Microsoft’s global growth strategy in enterprise software, cloud services, and artificial intelligence. The company currently operates multiple data centres in India and serves a large base of enterprises, developers, and government clients through its Azure cloud platform. The fresh capital is expected to support new infrastructure buildouts, higher computing capacity, and expanded AI model deployment across industries such as banking, retail, manufacturing, healthcare, and public services. The move comes at a time when global technology firms are increasing capital allocation toward AI training infrastructure, high-performance computing, and data centre networks.

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