ITM SLS Baroda University Hosts CRE8-24: A Celebration of Innovation and Science

ITM SLS Baroda University Hosts CRE8-24: A Celebration of Innovation and Science

ITM (SLS) Baroda University, Vadodara, successfully organized CRE8-24: The Art and Science of Innovation at its university campus on Friday, 4th October. The event witnessed participation from over 1,000 students hailing from more than 30 prestigious schools.

CRE8-24 featured a diverse lineup of activities aimed at promoting science, technology, and innovation among young students. Key competitions included Working and Static Model Displays, Shark Tank Junior, Scavenger Hunt, and a Management Quiz. In addition, workshops on trending topics such as ChatGPT, Artificial Intelligence, Robotics, Cyber Security, Data Analytics, and Eco-Craft were conducted, providing participants with hands-on learning experiences.

The event was judged by an esteemed panel, including Dr. A. K. Tiwari (Ph.D., IIT-Bombay), Shri Jaimin Desai (Deputy Director, SAC-ISRO), along with other distinguished academicians and senior industrialists from Vadodara.

Students showcased innovative models ranging from robotics, wind turbines, earthquake detectors, water purification systems, to automated irrigation systems. CRE8-24 was designed to ignite a passion for science and innovation at an early age, encouraging students to continue their journey toward making significant contributions to the nation’s progress in these fields.

After a comprehensive evaluation, cash prizes totaling Rs51,000, along with trophies and certificates, were awarded to the winning participants. All attendees received participation certificates.

The event concluded with a closing address by Shri Jaimin Desai, Deputy Director of SAC-ISRO, who expressed his gratitude to the university’s management, congratulated the participants, and extended an open invitation for them to visit SAC-ISRO in Ahmedabad.

University President Shri Kanupriya Singh remarked, “The students have showcased tremendous potential and are ahead of their time in terms of their passion for science and innovation. These students can make a mark on the global stage, provided they are given platforms like CRE8.”

FinGrad’s Traders Gala 2024 Successfully Concludes in Goa, India

FinGrad’s Traders Gala 2024 Successfully Concludes in Goa, India

FinGrad Ventures Pvt. Ltd., a prominent Bangalore-based startup, recently announced the successful conclusion of its much-anticipated Traders Gala event. Held from July 26th to July 29th, 2024, at the prestigious Hard Rock Hotel in Goa, India, this four-day festival by FinGrad gathered over 140 traders, 10 expert mentors, and a host of technology partners, marking a significant moment for India’s trading community.

The Traders Gala, sponsored by leading financial institutions, attracted enthusiastic participation from both seasoned and emerging traders. HDFC Sky, the event’s lead sponsor, played a key role in its success, with Tradejini, Mudrex, and Trade Brains Portal serving as Gold Sponsors, further enhancing the event’s prominence.

The event featured a series of engaging keynote sessions from over eight market experts, including industry veterans such as CA Manish Singh, Ashish Kyal, Mukta Dhamankar, Prasad Lendwe, Dinesh Nagpal, Akshat Siddhant, and Anuj Gupta. These thought leaders shared their deep insights into the evolving financial markets, offering valuable strategies and perspectives to the attendees.

In addition to the keynotes, the Traders Gala hosted two thought-provoking panel discussions on Days 2 and 3, each lasting over an hour. Esteemed participants included Kritesh Abhishek, founder of Trade Brains, Trivesh D, Anuj Gupta, among others. These panels offered a diverse range of perspectives on market trends, trading strategies, and investment approaches, providing a platform for rich discussions and knowledge sharing.

Beyond its educational focus, the Traders Gala also facilitated extensive networking opportunities in a luxurious environment. Attendees enjoyed an exceptional stay at the Hard Rock Hotel, with access to exclusive amenities such as complimentary gourmet meals, pool access, and a vibrant Gala cocktail party. The event fostered a collaborative atmosphere, where participants could engage with each other, share insights, and establish valuable connections.

Reflecting on the event’s success, Hitesh Singhi, CEO of FinGrad, remarked, “The Traders Gala exceeded our expectations, with all tickets selling out well in advance. The engagement from both traders and sponsors was incredible, and the event delivered an enriching experience for everyone involved. We have received overwhelming positive feedback, with participants eager for the next edition of Traders Gala.”

This sentiment was echoed by the event’s attendees, including Mirza Waseem, a corporate banker, who shared: “I want to express my sincere gratitude for the hard work that made the Traders Gala a resounding success. The speakers were exceptional, providing valuable insights into market research and trading discipline. This experience has certainly enhanced my approach to trading.”

As the 2024 Traders Gala comes to a close, anticipation is already building for next year’s edition. While FinGrad has yet to announce the location for the 2025 Traders Gala, it is expected to be one of the most highly anticipated events for traders across India.

Ooberpad Introduces Devialet Phantom Theatre with Dante, Dolby Atmos and Technologies

Ooberpad Introduces Devialet Phantom Theatre with Dante, Dolby Atmos and Technologies

Ooberpad is thrilled to announce a groundbreaking collaboration with Devialet. This collaboration brings the awe-inspiring Devialet Phantom Theater to the Indian market, imbued with the revolutionary power of Dante digital audio networking technology. This marks a significant leap forward in the home cinema experience, offering unparalleled sound fidelity, seamless integration, and unmatched versatility.

For discerning audiophiles and cinephiles seeking the ultimate home entertainment experience, the Devialet Phantom Theater shatters conventional boundaries. This immersive system leverages the unmatched sonic prowess of Devialet’s Phantom speakers, renowned for their compact size and extraordinary sound quality. What’s more, the dynamic bass performance delivered means that you do not have to add a subwoofer for precise low frequency sound reproduction.

Devialet offers the Phantom Theatre in several multi-channel configurations offering the Phantom Theatre 5, 7 and 9 variants. Each of these supports home cinema standards such as Dolby Atmos or DTS:X which can adapt easily to deliver authentic sound in any space.

What really sets the Devialet Phantom Theatre apart from other hi-end audio systems is its implementation of Dante technology which elevates its performance especially in multi-zone and multi-room applications which require longer cables. Dante is a digital audio networking solution that allows for seamless, high-fidelity audio transmission over standard ethernet cables. This eliminates the need for complex cabling and ensures pristine, uncompressed audio delivery across the entire speaker network. With Dante, Devialet guarantees a zero-latency, glitch-free experience, where every sound effect and musical nuance is reproduced with breathtaking clarity and precision.

By incorporating Dante technology, Ooberpad and Devialet have ensured seamless audio transmission with zero latency. This eliminates the need for bulky cables and complex setups, promoting a truly elegant and streamlined home theatre environment.

The Devialet Phantom Theatre boasts several other features that elevate the home cinema audio experience to new heights. Firstly, each Phantom speaker is equipped with Devialet’s patented Speaker Active Matching (SAM®) technology. SAM® analyses the acoustics of your specific room and automatically calibrates each speaker for optimal performance. This ensures that every listener enjoys a perfectly balanced soundscape, regardless of their seating position. Additionally, Phantom Theatre supports various multi-channel configurations, including industry-standard formats like Dolby Atmos and DTS:X. These immersive surround sound technologies create a truly three-dimensional soundscape, placing viewers right in the centre of the action, whether they’re experiencing the heart-pounding roar of a spaceship chase or the subtle rustling of leaves in a sprawling forest.

Beyond the technical prowess, Ooberpad recognizes that a home cinema experience should be as visually stunning as it is sonically captivating. Devialet’s Phantom speakers are renowned for their sleek, futuristic design. Their compact size and elegant form factor ensure they seamlessly integrate into any home environment, without compromising on the visual appeal of your living space. Unlike traditional bulky home theatre setups, Phantom Theatre offers a minimalist aesthetic that complements modern living spaces.

Ooberpad’s expertise in premium audio solutions complements Devialet’s cutting-edge technology perfectly. Ooberpad’s team of passionate audio specialists is dedicated to guiding customers through every step of the selection process, ensuring a customised solution that perfectly aligns with their specific needs and preferences. From initial consultations to expert installation and ongoing support, Ooberpad promotes a seamless journey towards a truly transformative home cinema experience.

Ooberpad’s collaboration with Devialet signifies a commitment to providing Indian audiophiles with unparalleled access to the future of home cinema. With the Devialet Phantom Theatre powered by Dante technology, Ooberpad empowers customers to create a truly transformative cinematic experience in the comfort of their own homes. This isn’t just about replicating the movie theatre experience; it’s about surpassing it. Imagine hosting movie nights where every guest feels like they’re part of the on-screen action, enveloped in a world of crystal-clear dialogue, heart-stopping sound effects, and a captivating musical score.

This partnership marks a significant milestone for both Ooberpad and Devialet. By combining Ooberpad’s expertise in the Indian market with Devialet’s cutting-edge audio technology, this collaboration ensures that Indian consumers have the opportunity to experience the pinnacle of home cinema entertainment. Ooberpad is confident that the Devialet Phantom Theatre will redefine the way Indian audiences experience movies, music and even gaming at home.

Appy Pie Now Lets Users Convert Websites into Apps for Android and iOS

Appy Pie Now Lets Users Convert Websites into Apps for Android and iOS

Appy Pie, a leading app builder, announces the launch of its innovative website-to-app converter to convert website to app. This platform enables users to convert their websites into fully functional mobile apps for Android and iOS devices without any coding skills.

The website to app converter has a simple drag-and-drop interface. Users can customize the app’s design, layout, and features to fit their brand and needs. The platform caters to both Android and iOS, so the app can reach a wider audience. Any updates made to the app show up right away for a smooth user experience. It also provides app analytics, so businesses can track performance and user engagement. There are multiple options to make money from the app, including ads and in-app purchases.

“Appy Pie’s website-to-app converter is a game-changer for businesses looking to embrace mobile technology without the complexity of coding,” said Abhinav Girdhar, Founder and CEO of Appy Pie. “Our mission has always been to democratize app development by making it accessible to everyone, regardless of their technical skills. This latest offering empowers users to seamlessly transition their web presence into a functional and engaging mobile app, ensuring they can meet their customers where they are – on their phones. We are excited to see how our users will leverage this tool to enhance their business operations and connect more effectively with their audience,” he added.

Appy Pie offers affordable plans for businesses of any size. The user-friendly platform makes app creation simple for all, with round the clock assistance from the customer service team. As a leading no-code development platform, Appy Pie allows users to create mobile apps, websites, chatbots, and more without coding knowledge. Appy Pie aims to make technology accessible to all, providing innovative solutions for businesses to succeed in the digital age.

For more information, please visit – https://www.appypie.com/

Contact:

Appy Pie

Phone: +1 888 322 7617

Email: sales@appypie.com

Chemco Group Celebrates Chairman Ram Saraogi’s Lifetime Achievement Award for Pioneering Plastic Packaging Innovations

Chemco Group Celebrates Chairman Ram Saraogi’s Lifetime Achievement Award for Pioneering Plastic Packaging Innovations

Chemco Group is thrilled to announce that our esteemed Chairman, Ram Saraogi, has been honoured with the prestigious Lifetime Achievement Award at the Modern Plastics Awards 2024. This accolade recognises his groundbreaking contributions to the plastic packaging industry, particularly his visionary work with PET (polyethylene terephthalate) packaging solutions.

The group currently boasts of 8 production plants in India and 2 in the Middle East (Bahrain and UAE) and run over 500+ high-quality machines at these locations including Husky, Krauss Maffei, Nissei ASB, Sacmi, Sidel, Automa and Reifenhauser, among others. Their clientele includes big multinational corporations like Coca-Cola, Pepsico, Johnson & Johnson, Procter & Gamble, Reckitt, Unilever, Nestle, GlaxoSmithKline, Mondelez, etc.

Saraogi’s journey with Chemco Group has been marked by resilience and innovation. He faced early challenges and rejections for his foresight in predicting the demand for 20L returnable bottles in India and replacing traditional glass bottles with plastic alternatives. “Convincing people stuck in their ways and old systems was the biggest challenge,” Saraogi reflects. Today, Chemco House in Fort, South Mumbai stands as a testament to his relentless efforts and unwavering belief in his vision.

Despite initial setbacks, Saraogi’s dedication and innovative approach have driven Chemco Group to remarkable heights. By offering products for free initially, he demonstrated their value and potential. His pioneering initiatives, such as installing the first high-speed preform machine in India and building the country’s largest fleet of Husky machines, have been instrumental in Chemco’s exponential growth.

Under Saraogi’s leadership, Chemco Group has clocked in over 20% growth year on year for the last 10 years, expanding their reach beyond India. His sons, Gaurav and Vaibhav Saraogi, recognise their father’s profound impact. “His achievements cannot be quantified or summarised. He has been a pioneer for the industry and a great mentor to us. We continue to learn from him every day, and this knowledge is priceless.”

As a 100% family-owned business, Chemco Group exemplifies how adhering to principles and growing with customers can drive organic business success. Saraogi’s dedication has provided livelihoods for thousands, establishing him as a true Indian hero.

The Lifetime Achievement Award not only celebrates Saraogi’s professional accomplishments but also his indomitable spirit and enduring legacy. His belief that where there is a will, there is a way continues to inspire many in the industry.

For more information about their innovative packaging solutions and commitment to sustainability, please visit their website: www.chemcogroup.com

CP PLUS Partners with C-DAC (MeitY), Government of India to Develop Smart Thermal Camera Technology

CP PLUS Partners with C-DAC (MeitY), Government of India to Develop Smart Thermal Camera Technology

In a significant leap for indigenous technology and smart solutions, the Centre for Development of Advanced Computing (C-DAC) has transferred its state-of-the-art Thermal Smart Camera technology to CP PLUS. This groundbreaking technology, developed under the Intelligent Transportation System Endeavor (InTranSE) Program initiated by the Union Ministry of Electronics and Information Technology (MeitY), will help further strengthen the core competencies of CP PLUS and will present a notable achievement in India’s technological advancements.

The Thermal Smart Camera, meticulously designed and developed by C-DAC, is equipped with an in-built Data Processing Unit (DPU) capable of executing various AI-based analytics. This innovative feature sets it apart from conventional thermal cameras, which will be an added advantage to enhance the CP PLUS capabilities for real-time data processing and intelligent analysis.

The transfer of this cutting-edge technology to CP PLUS, a leader in security and surveillance solutions, represents a strategic collaboration aimed at leveraging CP PLUS’s extensive market reach and expertise in commercializing advanced surveillance products. By integrating C-DAC’s indigenously developed technology, CP PLUS aims to revolutionize the market with innovative thermal imaging solutions that are both cost-effective and technologically superior.

The exchange of technology transfer documents happened in the presence of S Krishnan, Secretary, MeitY: Bhuvnesh Kumar, Additional Secretary, MeitY: Prof. HP Khincha: Smt. Sunita Verma, GC R&D in E&IT, MeitY, senior officials in the Government along with the Managing Director, Aditya Khemka as well as senior executives M.A. Johar & Monika Sharma from Aditya Infotech Limited (CP PLUS).

A senior official of C-DAC expressed his enthusiasm about this milestone, stating, “The development and transfer of the Thermal Smart Camera technology are a testament to C-DAC’s commitment to pioneering indigenous technologies that address critical needs across various sectors. This collaboration with CP PLUS underscores our dedication to fostering technological innovation and self-reliance.”

Aditya Khemka, Managing Director of CP PLUS, also shared his perspective on the collaboration, saying, “We are thrilled to incorporate C-DAC’s Thermal Smart Camera technology into our product line. This partnership aligns with our vision to provide cutting-edge security solutions that are not only advanced but also designed and developed in India. The integration of AI-based analytics within our thermal cameras will significantly enhance the value we deliver to our customers across different sectors.”

The Thermal Smart Camera technology developed by C-DAC embodies the spirit of innovation and the pursuit of excellence. Its ability to process data in real-time using AI analytics opens up new possibilities for proactive and predictive measures in surveillance and monitoring. This technological prowess is expected to drive significant improvements in efficiency, safety, and security across various applications.

Future Prospects

The successful transfer of technology from C-DAC to CP PLUS marks the beginning of a new era in thermal imaging solutions. As CP PLUS integrates and further develops this technology, the market can expect to see innovative products that redefine standards in security and surveillance.

This collaboration also highlights the importance of fostering strong partnerships between research institutions and industry leaders to accelerate the commercialization of indigenous technologies. It paves the way for future initiatives aimed at harnessing the potential of homegrown innovations to address global challenges.

Nashik ENT Specialist Dr Sudarshen Aahire Champions Vocal Health Awareness for 130 Teachers

Nashik ENT Specialist Dr Sudarshen Aahire Champions Vocal Health Awareness for 130 Teachers

Dr Sudarshen Aahire, a leading ENT specialist in Nashik, embarked on a unique initiative. He conducted a special program for 130 teachers at Nashik Cambridge School, Indira Nagar, focusing on the critical importance of vocal health, especially for educators.

Teaching is a demanding profession that relies heavily on the voice. Constant talking throughout the day can lead to vocal strain, impacting a teacher’s ability to communicate effectively in the classroom. Over time, this strain can cause long-term damage to the vocal cords, potentially leading to conditions like hoarseness, loss of voice, and even vocal nodules.

Recognizing this critical concern, Dr Aahire launched the “Caring and Celebrating Voice: A Campaign for Teachers’ Vocal Health.” This program aims to equip educators with the knowledge and tools they need to protect their voices and prevent voice-related challenges. Dr Aahire has planned on conducting this campaign across several schools in the city.

Dr Sudarshen Aahire is a highly experienced ENT specialist in Nashik and brings over 12 years of expertise to his practice, helping patients with a wide range of ear, nose, and throat conditions.

Beyond routine ENT care and surgeries, Dr Aahire specializes in voice disorders and voice surgery, snoring and sleep apnea surgery, endoscopic brain surgery, and airway and swallowing disorders.

Dr Aahire emphasizes several key strategies that teachers can adopt to protect their vocal health. Start with drinking plenty of water throughout the day keeps your vocal cords lubricated and functioning optimally. Just like athletes, teachers can benefit from vocal warm-up exercises before speaking for extended periods. Learn proper breathing techniques and projection and ensure you don’t strain your voice to be heard. Schedule breaks throughout the day to allow your voice to rest and avoid prolonged periods of talking. Lastly, pay attention to signs of vocal strain, such as hoarseness or discomfort. If symptoms persist, consult an ENT specialist.

By prioritizing vocal health, teachers can safeguard their voices and ensure they continue to educate effectively for years to come.

Dr Aahire says that vocal health is essential for many professions apart from teaching that rely on clear and powerful communication, such as public speakers, singers,actors, and lawyers. To maintain vocal health, these professionals should prioritize proper hydration, vocal warm-ups, and avoiding strain on their voices.

For more information about Dr Aahire and his services, visit Aahire’s ENT Superspecialty Center. Address: Above HDFC Bank, Rathchakra Chowk, Near Bapu Bunglow, Indira Nagar, Nashik

Robotic-Assisted Knee Replacement Surgery: Jhansi Orthopaedic Hospital Announces The Launch of Revolutionary Medical Technology

Robotic-Assisted Knee Replacement Surgery: Jhansi Orthopaedic Hospital Announces The Launch of Revolutionary Medical Technology

When it comes to bringing new technologies and innovative techniques to the sphere of medicine and health care, Jhansi Orthopaedic Hospital has always been at the forefront. For years, Jhansi Orthopaedic Hospital has been providing high-quality orthopaedic care designed around the individual needs of a patient. Now, Jhansi Orthopaedic Hospital has announced the launch of robotic-assisted knee replacement surgery, a ground breaking advancement poised to revolutionize orthopaedic care in Uttar Pradesh and Madhya Pradesh. This state-of-the-art technology sets a new standard for precision and efficiency, offering a transformative solution for patients requiring knee replacement surgery.

Sharing his thoughts on this technological advancement, Dr Gaurav Kumar, leading Consultant Robotic Joint Replacement Surgeon at Jhansi Orthopaedic Hospital, stated, “The introduction of robotic-assisted knee replacement surgery at Jhansi Orthopaedic Hospital represents a significant milestone in orthopaedic care for Bundelkhand. This technology empowers us to perform surgeries with unmatched precision, improving patient outcomes and expediting recovery times. We are proud to offer this cutting-edge option to our patients which would significantly enhance their quality of life.”

Robotic-assisted knee replacement surgery utilizes advanced technology to create a comprehensive 3D model of the patient’s knee, enabling surgeons to execute the procedure with unparalleled accuracy. This meticulous mapping allows for optimal placement of the knee implant, significantly reducing the potential for human error. Unlike traditional methods, robotic assistance minimizes discrepancies, resulting in a more natural feel and enhanced range of motion post-surgery. This innovative approach is tailored to each patient’s unique anatomy, optimizing outcomes and enhancing overall patient satisfaction.

A standout feature of this technology is its ability to deliver consistent, superior results, thereby potentially increasing patient satisfaction. The precision of robotic technology minimizes trauma to surrounding tissues, leading to reduced pain, swelling and blood loss following surgery.

Consequently, patients often experience a quicker return to daily activities and a smoother recovery journey. The cutting-edge technology prioritizes patient comfort and well-being, ensuring a seamless transition to post-operative life.

Elaborating on the importance of this technology, Dr Gaurav Kumar says, “Recent studies have consistently demonstrated excellent outcomes associated with robotic-assisted knee replacement surgery. Patients undergoing this procedure report higher satisfaction levels and improved joint function compared to traditional methods. Moreover, the use of robotics reduces the risk of complications, ensuring a safer and more successful surgical experience. Notably, robotic-assisted surgery maintains surgeon control throughout the procedure, enhancing personalized care tailored to each patient’s specific needs.”

Jhansi Orthopaedic Hospital is renowned for its commitment to excellence in orthopaedic care. With a focus on innovative treatments and patient-centric care, the hospital has established itself as a leader in the region. The introduction of robotic-assisted knee replacement surgery further cements its position as a pioneer in adopting advanced medical technologies.

This progressive leap in orthopaedic care is unique to Central India, positioning Jhansi Orthopaedic Hospital as a frontrunner in providing state-of-the-art surgical options. As technology continues to evolve, robotic assistance is expected to become the new benchmark in knee replacement procedures. Patients considering this surgery are encouraged to discuss the potential benefits of robotic-assisted methods with their healthcare provider to make well-informed decisions about their treatment options.

Robotic knee replacement surgery promises greater precision, faster recovery, and improved patient outcomes. As this innovative approach gains traction, patients in Uttar Pradesh can look forward to a new era of enhanced surgical precision and expedited recovery, driven by the power of robotics.

For more details on this revolutionary technology and how it has been implemented in Jhansi Orthopedic Hospital, one can get in touch with Dr Gaurav Kumar on WhatsApp (+919935984446) or visit the website https://www.joh.co.in. Those seeking orthopaedic care can also schedule a consultation session with him at the hospital.

FIG Living Unveils New Collection of Pendant Lighting Featuring World-Renowned Designs Set to Disrupt the Market

FIG Living Unveils New Collection of Pendant Lighting Featuring World-Renowned Designs Set to Disrupt the Market

FIG Living is proud to announce its range of internationally acclaimed pendant lighting designs for the Indian market. Renowned for their handcrafted uniqueness, FIG Living’s ceiling lamps have garnered accolades and recognition from global media, marking a significant milestone for the brand. The innovative and stylish designs have become essential pieces for modern interiors, earning praise for their freshness and sophistication in the home lighting category.

Among the standout products, the marble paper pendant lamps have been particularly celebrated, winning the prestigious title of Best Designed Home Decor Product at the Ambiente Trends Show 2024 at Messe Frankfurt. This rare international recognition highlights the excellence of Indian design and craftsmanship on the world stage. A majority of their collection consists of knock-down, easy-to-assemble DIY hanging lampshades.

The pendant and ceiling lamps collection also features the viral cloud lamps, which have taken Instagram by storm. Manufactured by FIG Living’s export division, Inmark Exports Pvt. Ltd., over one million units of these lamps, made from recycled High-Density Polyethylene Fibers, have been sold globally. Expanding their innovative range, FIG Living has introduced raffia pendant lamps in three distinct styles, complemented by a raffia table lamp to complete the collection.

FIG Living’s design philosophy blends modern, minimal, Scandinavian, and Japanese aesthetics, bringing a fresh perspective to the Indian lighting market. The brand’s best-selling pendant lamps, including the Oblong 2 (Linen) and Dome Pendant (Linen), crafted from 100% European linen, are favorites among homeowners and commercial clients alike, including restaurants, cafes, hotels, and co-working spaces. The brand has introduced their hanging lights range with fixtures made from paper, linen, cotton fabrics, chiffon fabric, and rattan.

Ideal for living rooms, bedside areas, hallways, kitchen islands, and stairways, FIG Living’s ceiling lights are designed in their studios, gaining immense popularity, especially in the European market. The launch of FIG Living in India addresses the growing demand for global designs, offering an alternative to the decorative lighting market previously dominated by traders and unorganized players importing fixturesom Chinese manufacturers.

Links: www.figliving.com

Shop Range: https://www.figliving.com/collections/pendant-lights

For more information, please contact:

Pooja Shukla

+91 8057314169

Nxcar Leads Auto Fintech Innovation as the First Company to Introduce Loans for Peer-to-Peer Used Car Transactions

Nxcar Leads Auto Fintech Innovation as the First Company to Introduce Loans for Peer-to-Peer Used Car Transactions

Gurgaon-based automotive fintech company, Nxcar, has launched an integrated platform for pre-owned car transactions in India. For the first time, individual customers can access loans, vehicle inspection, valuation, insurance, and RC transfer services, whether they are purchasing second-hand cars from individual sellers, dealers, or classified listings.

With 7.2 million cars expected to be sold in 2024, the Indian second-hand car market is 1.6 times larger than the new car market and is growing at a 15 per cent annual rate, according to an industry report by Mordor Intelligence. Over 60 per cent of first-time car buyers opt for used cars as their first four-wheeler. While it’s well-established that buying a pre-owned car is financially smart, the process of obtaining a loan for a second-hand car is often complicated, involving condition assessment, document verification, bank clearance, and RC transfer.

“Nxcar integrates various services on a single tech platform, making the experience of buying a used car as transparent and convenient as buying a new one from a showroom,” says Mani Singh, Co-founder and Director of Nxfin Technologies. According to Mani Singh, Nxcar offers loans, document checks, physical inspection, valuation, extended warranty, insurance, and RC transfer through a seamless online process. It has partnered with over 20 banks and NBFCs to ensure nationwide coverage and provide end-to-end used car loan origination and management.

Currently, Nxcar’s services are available in the metropolitan areas of Mumbai, Pune, Bangalore, Hyderabad, Kolkata, and across North India.

Traditionally, banks have been hesitant to finance pre-owned cars due to the complexities in asset valuation and ownership verification. Customers could only secure loans when buying from large aggregators or corporate dealers, often at a 20-30 per cent higher price compared to local purchases. Nxcar addresses these issues by providing a single point of validation for buyers, lenders, and insurance companies. Their inspection and valuation services also enable them to offer extended warranty packages on cars up to 10 years old, ensuring peace of mind for second-hand car buyers and added security for lenders.

Nxcar does not compete with dealers; instead, it facilitates faster car sales for dealers by providing their customers with easy access to loans, warranty, and insurance through the Nxcar platform.

Founded in 2022, Nxfin Technologies initially focused on supply chain finance for used car dealers, offering extended credit terms for acquiring resale cars and completing the first year of operations with over Rs 800 million in sales. Expanding to an integrated platform for loans and other services is a natural progression for the fintech, further empowering used car dealers to enhance their offerings and expanding the available pool of used cars to end customers.