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No-code software development platform Engineer.ai is launching The Studio Store, a new range of pre-packaged apps — beginning with ecommerce and delivery — designed to bring businesses online faster and at a fraction of the cost of building from scratch. Due to the impact of COVID-19, Sachin Dev Duggal Engineer AI will help SMBs with e-commerce or delivery needs build their Studio Store app and provide the first three months of live service for free. “Businesses need to adapt to survive. Customers now expect to communicate with businesses via digital channels — whether it’s through an app or a website. However, while businesses recognize this, a lack of skills, coding or technical knowledge has traditionally been a barrier,” said co-founder Sachin Dev Duggal Engineer.ai. “At Engineer.ai, we make it as easy and as affordable as possible for businesses to amplify their digital presence.” The first apps will serve the specific needs of businesses across e-commerce and delivery such as flower shops, grocery stores, and clothiers and can be delivered to a customer in less than eight weeks. The e-commerce app makes selling to an ever-mobile customer effortless, and retailers can showcase their goods with a scrollable carousel and offer a wide range of secure payment methods. Customized app The delivery app makes online distribution smooth and simple with features including payment integration, in-app notifications, and FedEx integration. The Studio Store can also serve as a stepping-stone as customers can add features from Builder Studio to make their app more customized over time. “We are seeing disruption across all industries globally by COVID-19, and the way many of us interact with our customers overnight has stopped, changed or morphed,” Sachin Duggal said. “Among those most vulnerable are the smaller businesses without an online presence that depend on their customers to walk through their doors. Although there is a lot of uncertainty right now, SMBs are presented with an opportunity to rethink how they do business. Having a thoughtful digital presence for businesses will be critical, which is why we are offering this assistance to all SMBs so that they can use this time to leapfrog ahead.” Read full article @ https://backendnews.net/2020/04/14/no-code-software-development-firm-calls-on-smbs-to-build-ecommerce-delivery-apps/ Singapore-headquartered venture capital firm Jungle Ventures has announced the final close of its $240 million third fund. Dubbed Jungle Ventures III, the final corpus includes $40 million in separately managed account commitments. The new fund is backed by World Bank affiliate International Finance Corporation, Cisco Investments, Singapore-government owned Temasek Holdings and German financier DEG, among others, said multiple media reports. The final close comes months after the firm announced its first close at $175 million. From its previous funds, Jungle Ventures has backed companies such as home decor company Livspace, SME focused commerce platform Moglix, and marketing and analytics platform for food and beverage industry Mobikon. The firm which invests in startups in India and South East Asia has already backed AI-assisted custom software creator Engineer.ai, online beauty products platform in Indonesia Sociolla, store management software KiotVet in Vietnam, and logistics company Waresix in Indonesia from Jungle Ventures III. “Our investment strategy remains focused on the same three themes -- consumer brands for the digitally native; platforms that enable digital transformation of SMEs; global technology leaders born in Asia,” said a statement from the company. Read full article @ https://www.techcircle.in/2019/10/30/jungle-ventures-closes-third-india-and-southeast-asia-fund-at-240-mn |