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Business Wire India - Multimedia: Digest for March 04, 2023

Business Wire India - Multimedia

Multimedia By Business Wire India
Business Wire India

SpotDraft, the leading AI-powered Contract Lifecycle Management (CLM) solution for high-growth startups and scaleups, today announced it closed $26 million in Series A funding. The round was led by Premji Invest, with participation from Prosus Ventures, 021 Capital, Arkam Ventures, Riverwalk Holdings, and 100x Entrepreneur Fund. The cash infusion is earmarked for further product development and aggressive growth in North America, identified as a key market by the company.
 
SpotDraft's intuitive platform is built to be utilized not just by legal teams but also sales, marketing, human resources, business operations, and procurement. It leverages the legal team's expertise without creating bottlenecks or wasting time on repetitive tasks. Teams can easily create, manage, review, and execute contracts, seamlessly store and organize agreements, submit legal requests and approvals, and generate risk reports automatically from a modern dashboard. The web app integrates with tech stacks used by startups and enterprises, including Salesforce, Hubspot, Slack, Google Drive, and more.
 
SpotDraft's AI-powered CLM has processed over 1 million contracts and has freed up over 1.5 million hours previously spent on tedious paperwork for customers such as Airbnb, Notion, Panasonic, Strava, and Chargebee. The company's AI adaption speeds up various aspects of the contract review and management process, such as providing a quick summary of tracked changes received, enabling semantic search across contracts, and generating follow-up tasks on contract execution.
 
"The volume of work flowing through legal teams can often cause bottlenecks," said Shashank Bijapur, Co-founder & CEO at SpotDraft. "Apart from dealing with legal work, today's legal teams are expected to be leaders in everything from business strategy and governance to compliance and risk management. However, they're often being asked to do all of this with one hand tied behind their backs. We like to think of what we are building as a co-pilot for legal teams - a system that acts as a strategic partner for in-house counsels by taking care of the repetitive tasks and thereby enabling them to focus on higher leverage activities."
 
In fact, recent studies suggest legal teams spend upward of five hours per week on repetitive tasks - searching for documents, recreating existing documents, and fielding redundant inquiries from sales, marketing, and business operations teams. That time spent equates to as much as $25,000 per year per lawyer, according to analyses by Gartner and IDC. On average, only 2.3 hours of each workday are spent on legal work, per a survey of almost 3,000 legal professionals across the U.S.
 
Founded by Shashank Bijapur, Madhav Bhagat, and Rohith Salim, the 170-person SpotDraft team has decades of combined experience in the legal field as well as in building world-class products at companies like Google, Microsoft, Amazon, IBM, and Linkedin.
 
"Contracting has multiple stakeholders, including legal, sales, finance, and it is important to create a seamless experience for all of them," said Atul Gupta, Partner at Premji Invest. "We invested in SpotDraft's world-class team because they've elegantly solved this business problem and created a product that is loved by teams across the organization."
 
"While leading organizations around the world are already investing in automated CLM tools, the overall level of adoption is still relatively modest," said Ashutosh Sharma, Head of India Investments for Prosus Ventures. "Further, there are few good quality, modern, end-to-end CLM solutions for the mid-market segment. SpotDraft has addressed this gap efficiently with their strong value proposition and demonstrated strong early traction and significant cost advantages. We are pleased to partner with a founding team that understands the specific problems in this domain and is passionate about offering solutions that work at scale."

For more information, visit www.spotdraft.com
Business Wire India

Merck Foundation, the philanthropic arm of Merck KGaA Germany has launched the Third Episode of their first-ever TV program – 'Our Africa by Merck Foundation' on their social media handles.

'Our Africa by Merck Foundation' is a pan African TV program that is conceptualized, produced, directed, and co-hosted by Senator, Dr. Rasha Kelej, CEO of Merck Foundation to feature African Fashion Designers, Singers, and prominent experts from various domains with the aim to raise awareness and create a culture shift across Africa.

The TV program has been broadcasted on prime TV stations of many countries like KTV in Kenya, NTV in Uganda, and GH One TV in Ghana and ZNBC in Zambia, AYV in Sierra Leone and LTV, Liberia, and it immediately captured the attention and hearts of millions of viewers across Africa. "Our Africa" TV Program will soon be broadcast on TV 3 in Ghana, BTV in Botswana, KTN in Kenya and QTV in The Gambia. "Our Africa" TV Program is currently on social media handles of Senator, Dr. Rasha Kelej (Facebook, Instagram, Twitter and YouTube) and Merck Foundation (Facebook, Instagram, Twitter and YouTube).

The theme for the Third Episode is Breaking the Infertility Stigma, particularly around women, in Africa.

Watch the Third Episode promo here: https://youtu.be/9vzLW3HGshU
Watch the Third Episode here: https://youtu.be/BONCtUJZLHI

The show is co-hosted by Brian Mulondo from Uganda.

Senator, Dr. Rasha Kelej, CEO of Merck Foundation expressed, "Firstly, I would like to thank all the viewers and followers for the amazing response we have received for our TV Program 'Our Africa'. Our social media is flooded with lovely and inspiring messages from the viewers! This episode is indeed close to my heart as an African woman, as it is part of our signature campaign "More than a Mother", the work we have created by our fashion designers and artists all over Africa was very encouraging and kept pushing us to work harder to address this sensitive issue and empower infertile women through information, health and change of mindset. And of course, we will keep addressing more sensitive social and health issues to be the voice of the voiceless in our beloved Africa."

Senator, Dr. Rasha Kelej, CEO of Merck Foundation further emphasized, "The messages of the designs are also focusing on the issue of male infertility and how fertility is a shared responsibility as it takes a man and woman to have a child. We have addressed this issue through our Fashion and Art with Purpose community. Together we can create a culture shift that will help our communities better understand and act on different issues. Through this episode, I also got a chance to thank my dear sisters, the African First Ladies who I have worked very closely with Merck Foundation for this Movement, as Ambassadors of Merck Foundation More Than a Mother.

I would also like to thank our viewers for the amazing response we have been receiving, this is indeed very inspiring and encouraging. Moreover, I would especially like to acknowledge the love we have been receiving from our social media followers, it is phenomenal."

Merck Foundation's iconic "More Than a Mother" campaign started and led by Senator, Dr. Rasha Kelej is a rallying movement to Break Infertility Stigma faced by women across the African continent.

"More Than a Mother' Movement is very close to my heart. Along with all the initiatives under this Movement, Merck Foundation also supports building healthcare capacity in Africa, therefore, I am happy to share that Merck Foundation has provided more than 435 scholarships to doctors from 39 countries, with the aim to advance women's health by building Reproductive & Sexual care and Fertility Care Capacity in Africa and beyond. Moreover, we have trained more than 2200 media representatives from more than 35 countries to raise community awareness, creating a culture shift and breaking the stigma around infertility and infertile and childless women," explained Senator, Dr. Rasha Kelej.

This third episode featured prominent personalities like Nontando Mposo, Editor-in-Chief, Glamour Magazine, South Africa and popular Singer Blaze from Mozambique. Fashion designers Anuja Bharti from Ghana and Alberto from Mozambique showcased their designs that displayed strong messages on #NoToInfertilityStigma and #MenToo can be the cause of infertility.

The episode also featured a song by H.E. George Weah, the President of Republic of Liberia created to support Merck Foundation "More Than a Mother" movement. This song talks about encouraging men to support their wives during the journey of creating a happy family. Listen and watch the song here: https://www.youtube.com/watch?v=DfjS3kY2YWY

Merck Foundation has also been empowering childless and infertile women through their "Empowering Berna" initiative under Merck Foundation's "More Than a Mother" movement. This initiative helps women who cannot be treated for infertility anymore by helping them to get trained to establish small businesses so that they can be independent and re-build their lives. Through 'Empowering Berna', the lives of many infertile women have been transformed in many African countries like Kenya, Uganda, Nigeria, Central African Republic, Niger, Malawi and many more.

Merck Foundation in partnership with African First Ladies has also launched children's storybooks to emphasize strong family values of love and respect from a young age which will reflect on eliminating the stigma of infertility and resulted domestic violence in the future. The storybooks have been localized for each country to have a better connect with the young readers. David's Story, launched in partnership with African First Ladies of over 20 countries, is one of these interventions to break the stigma around infertile women and raises awareness about infertility prevention and male infertility. Read David's Story here: https://merck-foundation.com/merckfoundation/public/uploads/digital_library/1623068222_8c2d31133aeda35530d4.pdf

Merck Foundation has also released many songs to raise awareness about infertility stigma under their "More Than a Mother" campaign. Listen to some of the songs here:
 
  1. Watch, share & subscribe to the 'Plus qu'une MERE' composed and sung by Ms. Lucky-Lou, the daughter of The President and The First Lady of Burundi: https://youtu.be/EEUjxjqlHv0
  2. Watch, share & subscribe to the "More Than a Mother" song by Cwesi Oteng and Adina from Ghana: https://www.youtube.com/watch?v=NQ6ZprqAAJs
 
Listen to all "More than a Mother" songs here:
https://merck-foundation.com/our-programs/Merck-Foundation-More-Than-a-Mother/Local-Songs-and-Children-Stories

"To address this important issue of breaking infertility stigma and also a wide range of other social issues, we annually launch Merck Foundation 'More Than a Mother' Awards in partnership with African First Ladies. I would also like to invite the African Community of Media, Fashion, Film making, and Musicians, students and potential talents in these fields to apply for the awards this year, in order to create a culture shift and break the silence about one or more of the following topics: Breaking Infertility Stigma, Supporting Girl Education, Women Empowerment, Ending Child Marriage, Ending FGM, and/ or Stopping GBV at all levels. I am looking forward to receiving their creative work on submit@merck-foundation.com," added Senator, Dr. Rasha Kelej.

Watch the Promo of 'Our Africa by Merck Foundation' here: https://www.youtube.com/watch?v=XOdXqQUdkm8

Click on the link below to download Merck Foundation App
https://www.merck-foundation.com/MF_StoreRedirection

Join the conversation on our social media platforms below and let your voice be heard
Facebook: Merck Foundation
Twitter: @Merckfoundation
YouTube: MerckFoundation
Instagram: Merck Foundation
Flickr: Merck Foundation
Website: www.merck-foundation.com
Business Wire India

On 75th Anniversary of Khanij Divas, Hindustan Zinc's four mines – Zawar Group of Mines, Rajpur Dariba Mine, Kayad Mine and Sindesar Khurd Mine received the prestigious 5 Star Rating Mines award by the Ministry of Mines, Government of India. Mr Pralhad Joshi Union Minister of Parliamentary Affairs, Coal and Mines, awarded Hindustan Zinc at the 17th National Conclave on Mines and Minerals at the National Fire Centre, Nagpur.

Hindustan Zinc's four mines received the award for their efforts and initiatives in sustainable mining. Hindustan Zinc has been continuously taking initiatives to achieve the goal of Net Zero by 2050. For its sustainability mission, the company has developed a roadmap that includes more than $1 billion in investments over the next five years to convert diesel-operated vehicles to battery operated vehicles.

On this occasion, Mr. Arun Misra, CEO, of Hindustan Zinc said, "With the prestigious 5 Star Rating, Hindustan Zinc is honoured to be recognized as a leader in sustainable mining by the Ministry of Mines and the Government of India. Our commitment to safe, smart, sustainable mining operations is ingrained in our culture which also keep us an integral part of the nation's development. We continue to make progress on different environmental and energy conservation initiatives in line with our country's goal of net zero by 2070." Hindustan Zinc is a pioneer in the sector, continually deploying transformational and sustainable technologies in pursuit of sustainable mining."

Blooume Homeopathy: Quality One Can Rely On

Friday 03 March 2023 09:53 AM UTC+00
Business Wire India

Blooume is India's leading GMP-certified homoeopathic medicine manufacturing company in India. Having collaborated with Bioforce AG, Switzerland, the homoeopathic brand has acquired the technical know-how and expertise to make effective homoeopathic medication in India with Swiss formulation. The brand is known for providing a wide range of effective, high-quality, safe, and affordable homoeopathic remedies. Over the last 37 years, Blooume has gained mainstream popularity in the Homoeopathic industry.
 
Blooume's product range comprises generic, over-the-counter (OTC) & homoeopathic cosmetic products using double filtered Extra Neutral Alcohol (ENA), & imported Lactose from Holland to manufacture homoeopathic medicines to ensure a high-quality medicine supply. The range comprises of dilutions, mother tinctures, bio-chemic & bio-combination tablets, trituration tablets, complex liquids, complex tablets, syrup & tonics, malt, hair oil, balm, ointment, soaps & shampoos to name a few. The extensive line-up of OTC remedies caters to various health conditions such as allergies, digestive disorders, skin problems, respiratory issues, Liver disorders and many more. All remedies are manufactured using the highest quality ingredients and state-of-the-art technology, ensuring maximum efficacy. As doctors trust Blooume products for their patients, Blooume products are widely known as the best homoeopathic brands across India. These products are available at all leading Homoeopathic Distributors, Retailers and pharmacies across India.
 
As the factory is based in a rural area, it has also expanded its arms to social work, giving more employment opportunities to people in rural areas. In addition to this, Blooume has also made provisions for water management helping women to get water directly from the taps instead of pulling from the wells. Blooume has always proved its efficiency and believes that a part of it should always be used for the betterment of the country. Blooume team also provides milk to 40 children, who are studying in govt School near the factory, twice a week.
 
Pranav Batra, the founder of Blooume, states that it is the company's mission to strive towards making high-quality, safe and effective homoeopathic products accessible to everyone in India. With a deep-rooted passion for Homoeopathy, he founded Blooume to provide people with a wide range of Homoeopathic remedies that cater to various health conditions. He says, "Our commitment to quality and efficacy has enabled us to quickly reach people looking for natural and effective health solutions.
 
At Blooume, we strive to make a positive impact on people's lives, and our customer-centric approach reflects that. It gives me immense pleasure to see the trust and confidence that people have shown in Blooume, and we are committed to delivering the best to our customers," he goes on to add. 
Business Wire India

FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world's largest express transportation company, announces its eighth edition of 'SME Connect' series on 'Future-Fit SMEs: Unlocking Growth Opportunities through Digital Transformation. The 'SME Connect' series is a thought leadership and knowledge sharing platform for SMEs to interact with industry and subject matter experts for solution-focused discussions that can bring value to their business.
 
The current edition of FedEx SME Connect focuses on the need for SMEs to accelerate their digital capabilities, which is critical for business success. The engaging session throws light on how SMEs can build a purpose driven business model through digital transformation, overcome challenges during the transitioning phase, the tools they can leverage to scale their business globally, and the impact of the Union Budget announcements on the sector.  
 
Salil Chari, senior vice president, Marketing and Customer Experience - AMEA, FedEx Express said, "Keeping up with digital transformation has become imperative for SMEs to stay agile in a changing business environment. The adoption of digitalization opens doors for SMEs to expand their customer base and strengthen their market presence. With the eighth edition of FedEx SME Connect series, we aim to empower SMEs with the guidance, tools, and resources to take that digital plunge, and leverage newer digital capabilities for their business to tap global opportunities."
 
The pandemic accelerated the use of advanced technology, enabled digital transformation, and increased levels of automation.[1]  The recent Economic Survey 2023, highlighted a surge in the adoption of digital solutions by MSMEs, like e-commerce and e-procurement, with the potential of increased revenues and margins, access to new markets, and client acquisition.[2] However, despite the benefits and opportunities digitalization brings, there are many SMEs that have not digitally transitioned.
 
In April 2023, FedEx celebrates its 50th anniversary and over this time FedEx has been a strong advocate for the small and medium business community. We have a suite of digital solutions that makes shipping easier for businesses and their customers. To help SMEs navigate the global marketplace, FedEx provides automated tools such as FedEx Ship Manager™ that enables them to access necessary forms, prepare shipping labels and documentation using stored databases of addresses and commodities, and Electronic With Originals, that allows businesses to upload and submit customs documentation digitally.
Business Wire India

  • From over 200 entries received from 87 cities and 25 states across India, 25 artists and 10 art collectives have been nominated
  • Artists collectively showcased the diversity of India through their art-forms at the Inaugural exhibition of 'Art for Hope 2023' held at Bikaner House in New Delhi
 
Hyundai Motor India Foundation (HMIF), the CSR arm of Hyundai Motor India Ltd. (HMIL) felicitated 25 artists & 10 art collectives at the inaugural exhibition of its 'Art for Hope 2023' program. All grantees received a cumulative grant of Rs. 40 Lakhs. The selected entries included stone carvings, photography, paintings, sculptures, installations, and mixed media works that were innovative and thought-provoking. Along with providing a platform or the artists to elevate their art practices through a financial grant, the program is also a catalyst for dialogue, collaboration and innovation through arts.
 
Commenting on 'Art for Hope program' providing a platform to showcase art inclusivity, Mr. Puneet Anand, AVP & Group Head - Corporate Affairs, Hyundai Motor India Ltd. said, Hyundai is committed towards 'Progress for Humanity' and through our various CSR initiatives under the global CSR philosophy of 'CONTINUE', we have been giving back to the society in different ways. 'Art for Hope' is a unique platform to unearth hidden talents in diverse fields of art and support them to accelerate their art towards a larger audience. 'Art for Hope' is our first art CSR program and in the second edition the focus was on artists expressing various environmental, social and community-centric in their own unique styles."
 
"We congratulate all the winners and hope that their works will serve as an inspiration to others in making a positive impact within their communities. In this edition, we have arranged an array of workshops, talks, and performances that will offer a unique experience to the visitors and provide a platform for artists to showcase their talent," Mr. Puneet Anand added.

A '6-day exhibition' christened the 'Art for Hope' festival to display diverse art-works of these talented artists from different corners of India. The exhibition comprises Visual, Digital, Performance & Folk and Traditional Art & Craft. The exhibition is inclusive and has been made accessible for persons with disabilities, including an audio-visual tour in sign language. Workshops on printmaking and traditional arts like Madhubani and Gond in addition to tie and dye, block printing, and landscape art are planned. Special guided tours are available for the audience daily. The festival commenced on Monday, 27 February 2023, and is open to public from Feb 28 – March 05, 2023, at LTC Building, Bikaner House, New Delhi.
Business Wire India

ABSYZ Software Consulting Private Limited, ABSYZ has moved its Bangalore office to a new and larger facility, demonstrating the company's expansion and dedication to providing exceptional service. The modern workspace promotes creativity and collaboration, allowing ABSYZ's specialists to offer cutting-edge digital transformation solutions to clients worldwide. According to CEO Balesh Lakshminarayanan, the new facility will help the company attract and retain the best talent.
 
"Our new facility is a testament to our unwavering commitment to delivering our clients the best service and experience. We are excited about this new phase of our growth journey and believe that the modern workspace will aid us in attracting and retaining top talent as we continue to expand our operations and offerings," stated Mr. Balesh Lakshminarayanan, CEO & Co-Founder of ABSYZ.
 
"Anshul Jain, Co-Founder of ABSYZ, expressed confidence that the new facility, with its advanced and modern collaboration systems, will enable the employees to provide even higher service levels to its customers. ABSYZ is grateful to its employees and customers for their support and is excited about building new relationships and expanding its reach in this new chapter of its growth journey."
 
Pramukh Desai VP Global Sales said, "Our new Bangalore GDC will enable us to serve our clients better and scale faster. We boast 400+ consultants who can hold their own Salesforce expertise. It is the beginning of our next chapter as we continue to build capabilities around the Salesforce center of excellence (COE). I thank our clients, colleagues, and the ABSYZ leadership team for making this happen. We look forward to the next growth phase with renewed energy and focus."
 
Subrat Kumar AVP Technology Global said, "As a Salesforce architect helping our clients solve their challenges using Salesforce technologies, I am excited about our new office space and its opportunities for collaboration and innovation. This more significant, modern facility will enhance our team's ability to work together, and brainstorm ideas, increasing efficiency and effectiveness in serving our clients. I'm eager to see this change's positive impact on our work and team dynamics, and I'm looking forward to what the future holds."


Here is glimpse: https://youtu.be/ZhHbxdYBXG0
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