Daily Archives: September 28, 2018

Anthem to set up operations in city

Business & Economy, Records, All, World Opinion

Healthcare services provider to have a 2.5 lakh sq ft facility, employ 2,000 employees

Leading healthcare services provider globally, Anthem has chosen Hyderabad to set up its operations, a release from the office of Industries and IT Minister K.T. Rama Rao said on Thursday.

The company has announced a major presence in the city with 250,000 sq ft of space in an SEZ. The proposed facility will employ about 2,000 employees. Founded in the 1940s and headquartered in Indianapolis, US, the company had revenues of $ 90 billion in 2017.

The release said United Healthcare Group (UHG), the largest firm in the healthcare services sector, has the biggest Indian presence in Hyderabad. It has expanded significantly over the last four years consuming over 830,000 sq ft in the city.

On the Innovation front, tech start-up incubator T-Hub — HealthTech which is one of its seven thrust areas — has recently partnered with Australian MedTech entrepreneurs for cross border growth with the government of Victoria providing a grant of AUS $ 80,000, the release said.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Hyderabad / by Special Correspondent / Hyderabad – September 28th, 2018

Dubai firm acquires Hyderabad-based bus-shuttle app Commut

Business & Economy, Records, All, Science & Technology, World Opinion

Commut was the brainchild of six IIIT-H alumni

Hyderabad-based bus-shuttle app Commut has been acquired by Dubai-based ride-hailing app Careem Networks FZ. The value of the deal has not been disclosed. Commut was started by six alumni of IIIT-Hyderabad about three years ago.

“As per our deal with Careem, we are supposed to shut down the local operations and launch Careem Bus in MENAP (Middle East, North Africa, Afghanistan, and Pakistan) region,” said a spokesperson of Commut. “The Indian operations have been handed over to Shuttl in a separate deal,” said the spokesperson, when asked about continuing operations of the service in Hyderabad. Cummut currently services 50 routes using 70 buses.

Started in November 2015 by IIIT-H students Hemanth Jonnalagadda, Prashanth Garapati, Charan Thota, Sandeep Kachavarapu, Akshay Chennupati and Srujai Varikuti, Commut has been a successful startup, which transitioned from idea to reality. Last year, Commut was selected for MAN Accelerator Programme. “Joining Careem and building the mass transportation vertical will help us fulfil our mission at a much larger scale,” said Prashanth Garapati, one of the founding members of the startup.

“Mass transportation is one of the biggest issues facing many fast-growing cities in our region. Commut has a successful track record in mass transportation, and we are excited to bring their expertise into the Careem family,” said Magnus Olsson of Careem.

source: http://www.thehindu.com / The Hindu / Home> News> States> Telangana / by Special Correspondent / Hyderabad – September 25th, 2018