Snapdeal has inked an MoU with Digital India BHASHa INterface for India (Bhashini) aimed at addressing the diverse linguistic landscape of the country
The partnership aims to leverage artificial intelligence to develop solutions catering to over nine vernacular languages with voice-first technology
At present, Bhashini supports 22 languages for text-to-text translations and 12 for voice-to-text in its repository
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Ecommerce major Snapdeal has inked an MoU with the government’s AI-powered language translation platform Digital India BHASHa INterface for India (Bhashini) aimed at addressing the diverse linguistic landscape of the country.
The partnership aims to leverage artificial intelligence to develop solutions catering to over nine vernacular languages with voice-first technology.
“Through innovative use of AI and voice-first technology, we are determined to break down barriers, build greater digital participation, and create a more connected and inclusive digital ecosystem for all Indians,” said Bhashini’s CEO Amitabh Nag.
Bhashini was launched by Prime Minister Narendra Modi in July 2022. It is an AI-powered language translation portal, which creates an open data and open source platform that enables startups to create a diverse range of solutions for the government and build products on top of it.
“This initiative aligns seamlessly with our mission to enhance accessibility and affordability in online shopping, particularly in Tier III cities and beyond,” said Himanshu Chakrawarti, CEO at Snapdeal.
Last October, NPCI with Bhashini launched Hello! UPI, to allow users to make conversational payments in Indian languages. The new services by Bhashini under the NPCI were to be rolled out in 22 official languages.
Reportedly, Paytm is among the fintech firms in discussions with Bhashini for testing their system, with major announcements expected by the end of 2024.
At present, Bhashini supports 22 languages for text-to-text translations and 12 for voice-to-text in its repository.
Founded by Kunal Bahl and Rohit Bansal in 2010, Snapdeal earns revenue by rendering services and delivering products through its ecommerce platform. The company and its subsidiaries including Unicommerce, Stellaro Brands have been consolidated under a group brand, called AceVector.
The New Delhi-based company claims that more than 86% of its orders originate from outside metro cities, with over 72% of buyers hailing from smaller cities and towns. Also, the company asserts 95% of the products sold in its portal are priced below INR 1,000, ensuring accessibility and affordability for a diversified consumer base.
Snapdeal’s parent AceVector managed to lower its loss despite the decrease in sales revenue. Snapdeal’s net loss narrowed 44.7% to INR 282.2 Cr in FY23 from INR 510.3 Cr in the prior year.
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