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The fast and furious rise of quick commerce; Creating AI agents

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Hello,

Medical science is at a turning point, according to a recent article in Nature, as over 100 clinical trials of stem-cell therapies for several diseases, including cancer, Parkinson’s disease, and diabetes, are underway.

In fact, treatment for some of these conditions could be a part of general medicine in as little as five to ten years. 

Considering that it has been only 26 years since pluripotent stem cells–which can become any kind of cells in the body and can, theoretically repair damaged tissue–were cultured in a lab, the progress has been remarkable. 

Did you that John B. Gurdon and Shinya Yamanaka won Nobel Prize in Physiology or Medicine in 2012  for their groundbreaking work in stem cell research?

Speaking of scientific advancements, AI bots–even while they are hallucinating or in simpler words, making things up–are helping scientists get ideas and possibly, make new discoveries. 

Oh and apparently, AI chatbots not only hallucinate but also procrastinate. In a rather hilarious saga published on Semafor, filmmaker Nenad Cicin-Sain talks about his experience in recruiting ChatGPT’s help in writing a screenplay. His attempts reportedly ended in frustration as the bot kept extending the deadlines!

It appears like bots are indeed turning into real writers!

Lastly, on a sombre note, it has been two decades since the Indian Ocean tsunami–one of the deadliest natural disasters in modern history. The event reshaped disaster management around the world. 

Gone but not forgotten.

In today’s newsletter, we will talk about 

  • Quick commerce: The fast and the furious
  • Creating reliable AI agents
  • Building a home gym

Here’s your trivia for today: What state in the US serves as the primary setting for many of Stephen King’s novels?


Ecommerce

Quick commerce: The fast and the furious

Quick Commerce, Qcom

In 2024, the spotlight was on quick commerce. The wind was behind its sails as the sector saw rapid growth propelled by widespread consumer adoption in metros and capital flooding to support innovation as investors found a new gold rush.

The exponential growth in the sector has attracted newer ventures, and at the same time, brought in scrutiny and competition checks. 

Key takeaways:

  • Zepto, Blinkit, and Swiggy Instamart are dictating the terms of growth in the sector. 
  • Zepto, which is eyeing an IPO in 2025, plans to double down on food delivery with a renewed focus on expanding Zepto Cafe, adding more categories, and tapping on monetisation to improve unit economics. 
  • Categories like gourmet foods, premium beverages, and small electronics are expected to see growth as platforms refine their delivery capabilities, explains Ninad Karpe, Founder and Partner of 100X.VC. 

Startup

Creating reliable AI agents

Composio

Composio, which was featured in Yourstory’s Tech30 2024 list, builds tools for developers. Its platform speeds up the process of building and connecting AI agents to external services, reducing development time from months to just days.

Faster, better:

  • The San Francisco, California-based startup provides tools that enable developers to quickly create reliable AI agents that interact with external software, like CRM systems (e.g., Salesforce, HubSpot) and services like Gmail. 
  • Its platform has gained traction on GitHub, with over 12,000 developers building on its framework, including engineers from Fortune 500 companies like Meta Platforms, Salesforce and Cisco.  
  • Like many other AI applications, Composio operates on a hosted platform with a usage-based pricing model. Developers and large enterprises can sign up, create an account, and access Composio’s services using an API (Application Programming Interface) key. 

Startup

Building a home gym

Team Portl

Hyderabad-based fitness and wellness startup Portl leverages AI to help users stay on track of their fitness goals. Earlier this month, the company launched Portl UltraGym—which it says, is an all-in-one portable training system designed to make strength training more accessible at home.

Get fit:

  • The machine, priced at Rs 59,990, uses digital weights technology and provides the same effect as a professional grade gear, in a compact design of 2.4 square feet, according to Portl.
  • UltraGym can also be integrated and used with Portl Studio, the company’s flagship smart mirror. The company sees its product entering the gyms and hotels as part of their premium service.
  • From sourcing components and creating early prototypes to finalising hardware design and refining UI/UX and software platforms for seamless integration, Portl encountered various obstacles. 

News & updates

  • Falling sales:  Toyota Motor’s global production decreased for a 10th straight month in November, the Japanese carmaker said on Wednesday, although its worldwide sales grew for the second consecutive month on solid demand in the United States and China.
  • AI exclusion: Blind and partially sighted people are being excluded from the benefits of artificial intelligence tools and facing “a new level of discrimination”, the new president of the Royal Society for Blind Children has claimed as he called for better design of everything from video games to AI agents.

Which state in the US serves as the primary setting for many of Stephen King’s novels?

Answer: Maine. 


We would love to hear from you! To let us know what you liked and disliked about our newsletter, please mail [email protected]

If you don’t already get this newsletter in your inbox, sign up here. For past editions of the YourStory Buzz, you can check our Daily Capsule page here.





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Prasar Bharati’s OTT platform Waves crosses 1M downloads in a month

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Prasar Bharti’s OTT platform ‘Waves’ crossed 1 million downloads in a month, said Minister of Information and Broadcasting, Ashwini Vaishnaw, in a post on the social media platform X.

The platform, unveiled during the 55th International Film Festival of India (IFFI) in Goa last month, is “more than a platform—it’s a celebration of India’s rich culture, vibrant stories, and technological prowess,” he added.

The platform was launched to bring new content and revive classic shows such as the Ramayana and Mahabharata. It has also hosted content by National Creator awardees and showcased films from FTII, Annapurna College, and other top institutions.

This milestone reflects India’s unbreakable bond with its cultural roots, said the minister. He called the platform not just an OTT, but a “full-fledged infotainment ecosystem,” with content in more than 12 languages, over 10 genres, with live TV streaming and 65 live channels, video-on-demand, free-to-play gaming, and online shopping via Open Network for Digital Commerce (ONDC), he added.





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Delhi, Dehradun top the spending trends on Instamart: Swiggy

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According to Swiggy‘s fourth edition of its annual ‘How India Swiggy’d’ report, the biggest spenders in 2024 on its quick commerce platform, Instamart, hailed from Delhi and Dehradun. The users spent Rs 20 lakh each on Instamart.

This year, quick commerce grew exponentially, with Indians ordering items ranging from groceries, makeup and toys to vacuum cleaners and sexual wellness products on the 10-minute delivery platform.

The Diwali season also saw orders of over Rs 45 lakh on Instamart on brooms across India to clean houses and Rs 4.6 lakh on poker chips from Delhi. Delhi also ordered Rs 60 crore worth of noodles.

The report added that a person from Ahmedabad spent about Rs 8.3 lakh on gold coins on Dhanteras.

Bengalureans topped in the pooja and party essentials categories, competing with Mumbai, and ordered 1.8 times more wine and shot glasses, especially during the Diwali season, the report found.

A Mumbai-based pet-lover spent more than Rs 15 lakh this year on pet supplies, primarily dog and cat food. Meanwhile, a Chennai user spent Rs 1,25,454 on electronics, electricals and home appliances, including gaming earphones, smartwatches, an induction cooker, a sandwich maker, and a hair straightener. A mango lover spent Rs 35,000 on the fruit in May.

The most ordered items between 4 AM and 7 AM were milk, veggies, and eggs, while ice cream, cold drinks, and chips took over from 10 PM to 4 AM. Between 8-9 PM, the country ordered the most sanitary pads, and November saw the most orders of pain relief medication/spray.

Incognito mode on Instamart was introduced earlier this year. The report noted that most ordered items with the option were between 10-11 pm and included Masala-flavoured chips, Kurkure, and flavoured condoms, the report said.

The quickest delivery was completed in 89 seconds, covering a distance of 180m, the report added, while the cheapest order came in at Rs 3 for a pencil sharpener bought at 8:15 PM in Hyderabad.

The Rakhi season saw 2,85,000 deliveries under ‘order for others,’ and 273 chocolates ordered per minute with one user from Mumbai ordering 31 rakhis in a single order.

Canada saw the most international logins, followed by the US, Kuwait and Singapore ordering milk, dosa batter, and water.





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Startup news and updates: Daily roundup (December 26, 2024)

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EatSure launches multi-restaurant group ordering

EatSure, the flagship D2C platform of Rebel Foods, has launched its multi-restaurant group ordering feature.

EatSure’s “Food court on an App” now allows users to create shared carts, and order from multiple restaurants in a single transaction.

“While group ordering features existed before, no one solved the challenge of letting users order from multiple restaurants in one order, making EatSure’s solution truly revolutionary,” the company said.

The feature is live across more than 75 cities across India including Mumbai, Delhi, Bengaluru, and Hyderabad and other prominent urban cities, it added.

“The new group ordering feature aligns with the same, wherein we let a group of friends/family members to build a joint cart by adding products from their choice of restaurants, such that everything gets delivered to them in One Order. It’s more than just ordering food; it’s about connecting people through a shared culinary journey,” said Sagar Kochhar, Co-founder and CEO, EatSure, Rebel Foods.

Zypp Electric enters into a partnership with e-Sprinto

EV-based last-mile delivery service Zypp Electric has entered into a strategic partnership with e-Sprinto, an electric two-wheeler company.

This partnership comes with an aim to deploy 30,000 e-Sprinto high-speed electric vehicles into Zypp Electric’s fleet over the next three years, the company said.

The collaboration is also set to focus on providing top-tier after-sales service and support to the pilots, ensuring the fleet’s reliability and longevity, it added.

“This collaboration allows us to enhance our fleet with 30,000 advanced e-scooters, directly addressing the urgent need for sustainable logistics solutions in India’s booming ecommerce market. Together, we are not only empowering delivery partners to improve their livelihoods but also leading the charge towards a greener future for urban mobility with good quality EVs suitable for delivery purposes and growth,” said Rashi Agarwal, Co-founder and CBO Zypp Electric.

Evocus appoints Pramod Joshi as head of retail sales and export

Evocus onboarded Pramod Joshi as Head of Retail Sales and Export. Prior to this, Joshi held a leadership role at AB InBev, where he spearheaded strategic sales initiatives and route to market.

“His remarkable experience and track record in the FMCG sector make him the perfect fit to lead our sales retail and export functions. Pramod’s deep expertise in sales strategy, market expansion, and digital transformation will be invaluable as we continue to scale Evocus globally and further establish our leadership in the wellness and beverage industry,” said Akash Vaghera, Founder and Director, Evocus.

“Evocus has a unique positioning in the wellness and beverage space, and I look forward to leading the sales efforts to expand its reach both within India and internationally,” said Joshi.

Having begun his career with Cadbury, over the years, he has held various leadership roles at Narang Group, Soulfull, and Twinings, driving market expansion and building strong partnerships with key retail accounts, the company said.

foundit makes 3 leadership appointments

Jobs and talent platform and Quess company foundit has appointed Pranay Kale as Chief Revenue and Growth Officer, Anupama Bhimrajka as Vice President of Marketing, and Tanesh Arora as Vice President of Candidate Services.

In his new role, Kale is set to lead sales across the APAC and Middle East regions, focusing on growth and operational excellence, the company said. Prior to this, he was the Vice President of key accounts at LeadSquared.

 

Bhimrajka is set to lead the marketing function at foundit as the Vice President – Marketing, driving growth across the APAC and Middle East regions. She was the Head of Consumer Marketing at Lenovo India Prior to joining foundit.

In his new role Arora will oversee Candidate Services, enhancing user experience and operational excellence, the company said. It added that prior to this appointment, he scaled foundit’s consumer business as General Manager and later drove growth at ISDC Global.

“Their combined experience and expertise will be instrumental in driving our next phase of growth and innovation. Their guidance will be invaluable to the team as we continue to connect top talent with leading organisations,” said V Suresh, Chief Executive Officer at foundit.

(This article will be updated with the latest news throughout the day.)





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