Daily Archives: October 31, 2019

Joint venture to develop aircraft leasing solution

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

City start-up Avrexsee Enterprises and Selom Aviation of Ireland are joining hands to develop a technologically-advanced aircraft leasing and asset management solution. Their proposed joint venture (JV), with an initial investment of $1 million, is expected to develop Civil Aircraft Asset Management Solutions (CAAMS) within 18 months. With that, the JV would address the global market.

The focus would be on potential customers such as airline operators, aircraft leasing companies, MROs in Ireland, the U.K., Europe and the U.S. Addressing media here on Tuesday, Avrexsee Enterprises founder and director Maneesh Singh said CAAMS as a product would ideally be developed and managed from Hyderabad. The sales interfaces would be through Selom Aviation. “We have already received some traction and are currently in dialogues with aircraft leasing companies in Dublin. Hyderabad’s product development facility will also enable this as an experiential training centre for some of the qualified engineers as aspirants to learn these advanced technologies and seek their career progression in aerospace and defence industry,” he said.

Stating that the team would be working with start-up incubator T-Hub, Mr. Singh said, “We have selection processes aligned accordingly and welcome partners in areas of AI, AR and RFID technologies”.

A release said the CAAMS is a product solution with automated and optimised business processes related to aircraft asset lease management and transition, aircraft sales transfer, aircraft inspection management, document management and GIS Integration.

Selom Aviation director Ravi Reddy said the CAAMS would help in addressing the needs of most of his firm’s customers such as aircraft leasing companies and aircraft owners. With Dublin being a major aircraft leasing hub globally, the plan is to promote CAAMS from there to enable near-shore product support and related managed services.

Mr. Singh said in five years the JV would be raising $5 million investment to scale up operations and develop more products.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Hyderabad / by Special Correspondent / Hyderabad – October 30th, 2019

A pivot to success

Arts, Culture & Entertainment, Business & Economy

In 2016, Raju decided that they had to pivot their business to survive.  Hence started Way2News.

Hyderabad :

Remember when we used to have a limit on how many text messages we could send our friends? Most of us tech-savvy Hyderabadis then had a cheat code to send unlimited SMSs through the internet before the era of Whatsapp. That was Way2SMS. It was a portal where you could send your message from your mobile number as an SMS to your desired number through the internet without a limit. As Whatsapp took over along with the various chat apps, the service turned irrelevant. The Hyderabadi startup headed by Raju Vanapala still didn’t lose hope. With the help of the userbase that they already had with Way2SMS, they pivoted to Way2News and are now going strong.

In 2016, Raju decided that they had to pivot their business to survive.  Hence started Way2News. “We wanted to put to use the strong userbase we had generated through Way2SMS. From a messaging service we turned to an information portal.  

Way2News is a hyperlocal short news app based in Hyderabad provides personalized news in short-summarized format in eight Indian languages – Hindi, Telugu, Tamil, Malayalam, Marathi, Guajarati, Kannada and Bengali. The reason why we expanded into vernaculars is that we needed to have a USP in comparision to the other information portals or apps cropping up in the market,” says Raju. In just three years, the company has over 20 million downloads and about 2 million active users. Ask him what his USP was and Raju says, “The simplicity of our design and usability is what is keeping our users hooked. It works with just a swipe and doesn’t need one to understand too many functions. Our news is hyperlocal and is targettedtowards the local audience keeping it more relevant and closer to the info needs of the user.”

He also proudly adds, “ Our professional editors, work round-the-clock curating credible, informative, time critical and trusted content for its users.  With the use of Artificial Intelligence, users are exposed to relevant and interested personalized stories from more than 140 categories.First-hand crowdsourced content, catering to the regional audience has been one of the prime focus.” The company currently serves more than 1000 brands. It has published 1,40,000 plus short news stories covering 1,10,000 villages of the 6 lakh plus villages in India. And it flaunts more than 4.5 billion screen views per month.

— Srividya Palaparthi
srividya.palaparthi@newindianexpress.com @PSrividya53

source: http://www.newindianexpress.com / The New Indian Express / Home> Cities> Hyderabad / by Srividya Palaparthi / Express News Service / October 31st, 2019