CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which company acquired Chatbot Making Startup Haptik for Rs.700 crores?
A
Tech Mahindra
B
Aditya Birla Group
C
Hathway
D
Reliance Jio Digital
Explanation: 

Detailed explanation-1: -In the ₹700-crore deal, ₹230 crore will go for business transfer and ₹470 crore will go towards expansion. Haptik Co-founders Aakrit Vaish and Swapan Rajdev and employees will have a minority stake in Reliance Jio.

Detailed explanation-2: -Haptik is a part of Jio Platforms Limited (JPL), who invested $100 million into the company in April 2019. Jio Platforms is a $60 billion internet conglomerate that reaches 500 million consumers across Telecom, E-Commerce, Financial Services, Digital Media, etc. and counts Facebook as one of its marquee investors.

Detailed explanation-3: -Haptik’s repertoire of chatbot customers in India includes Samsung, Future Group, KFC, Dream11, Sharekhan, Edelweiss, Tokio, Club Mahindra and IIFL among others. Haptik has also built assistants for TOI, Samsung, Ziman and Akancha Against Harassment, an online Cyber Safety Initiative.

Detailed explanation-4: -Responding to this, Mukesh Ambani, owner of Jio, said, “All operators have publicly said last week that they will provide this (interconnect and MNP).

Detailed explanation-5: -Global headquarters for Haptik is located in Mumbai,Maharashtra,India.

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