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Voda offers complimentary smartphone insurance

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MUMBAI: Vodafone Red Shield is offering complimentary insurance cover for new and up to six months old handsets Offers Theft protection apart from Damage cover and Anti-virus protection.

Redefining customer experience through innovative products and services is at the core of Vodafone’s philosophy. As one more initiative to serve the dynamic needs of customers, Vodafone India has introduced Vodafone Red Shield, a complete device security solution with complimentary insurance for smartphones that assures a protection cover of up to Rs. 50,000 (fifty thousand) on brand new handsets and those up to six months old. Currently available exclusively for Vodafone Red Post Paid customers, Vodafone Red Shield is the only device protection offering in the industry that offers theft cover, beyond basic handset damage cover and extends complimentary insurance cover to handsets that have been purchased up to six months earlier.

Vodafone Red Shield – Security Tools Theft Cover Any kind of accidental liquid & physical damage Anti Virus protection Block Calls Network Statistics – Know the statistics of your network and its performance Memory Management – Manage memory consumption of apps and optimise memory of your phone Identify and Uninstall Apps which take multiple permissions and may compromise your privacy or your data Battery Saver – Identify battery consumption patterns of your mobile phone The Vodafone Red Shield App, available at Google Store and iOS, offers a comprehensive security solution to smart phone devices. In addition to the theft cover, Vodafone Red Shield comes with malware protection and other security features.

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Vodafone Red Shield is being brought to the customers through an association with Shotformats Digital Productions Pvt. Ltd. This insurance cover is provided through New India Assurance Company Ltd.

While actual premium amount will be borne by Vodafone, the subscription fee has been maintained at a pocket friendly price point so that maximum number of customers can avail the benefits of Vodafone Red Shield. The annual subscription of Rs 720 will be debited to the customer’s monthly bill through 12 equal installments (Rs. 60 x 12). Vodafone Red Shield comes with a validity of one year.

Announcing the launch of Vodafone RED Shield, Arvinder Singh Sachdev, Business Head- Kolkata & Rest of Bengal, Vodafone India, said “Smartphones have become a way of life in our country and it’s no longer just a calling device but has gone on to become the lifeline for people. To ensure the hard earned money spent by our customers on acquiring expensive handsets remains insured, we are delighted to launch Vodafone Red Shield, a first of its kind mobile security offering that builds in a unique combination of features like Theft protection, Accidental Physical & Liquid damage, Virus protection and many more security features. Our own customer research has revealed that most mobile phone buyers tend to either be unaware about handset insurance or don’t seem to have it as a priority/top of mind factor while purchasing a new smart phone. To bring larger numbers of our customers within the protective cover of Vodafone Red Shield, we have extended the facility to handsets upto 6 months old, at a very nominal price. I am happy to say Vodafone Red Shield is also the only service that covers handset theft.”

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Another aspect which makes Vodafone Red Shield unique is that customers can claim insurance cover up to two times in a single year.

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Kaartech raises $11 million in Series B funding

Playbook Partners leads round as AI-led firm crosses Rs 1,000 crore revenue mark.

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MUMBAI: Kaartech just fuelled its rocket with fresh cash because when you’re already crossing Rs 1,000 crore and running on KTern.AI, the next stage needs serious thrust. KaarTech, a global AI-led enterprise transformation partner, has raised $11 million (approximately Rs 100 crore) in a Series B primary funding round led by Playbook Partners. The round follows the company’s $30 million raise in July 2023 led by A91 Partners.

The fresh capital arrives as Kaartech crosses Rs 1,000 crore in revenue, clocking a 44 per cent compound annual growth rate over the past five years. The growth has been powered by its proprietary platform KTern.AI, which embeds governance and outcome assurance into large-scale enterprise transformations.

The new funds will accelerate Kaartech’s next phase, with focus on deepening AI, data and industry innovation capabilities. The company plans a strategic acquisition to strengthen data engineering and analytics, enabling more powerful AI-driven insights for clients. It will also invest heavily in scaling its AI-led Enterprise Operating System (EOS) platform set to roll out to existing customers in Q2 FY27, with full general availability planned for Q4 FY27. New clients will receive a complimentary AI Readiness Assessment to identify priority use cases, evaluate data readiness and build tailored transformation roadmaps.

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Kaartech will expand its global AI Labs, including a new Oil & Gas AI Lab in Houston and additional labs in Bangalore and Chennai focused on CPG & Retail, Engineering & Natural Resources, and Utilities. These labs will develop industry-specific AI solutions and SLM-based foundation models for enterprise use cases.

Kaartech, Founder & CEO Maran Nagarajan said, “This raise marks a defining chapter in Kaartech’s journey. A 4X growth in enterprise value since our Series A reflects the trust placed in us by our employees, customers, partners, and stakeholders. As we drive a clear shift toward an outcome-led Enterprise Operating System, this partnership with Playbook Partners enables us to deepen our Data Engineering and Analytics capabilities, pursue strategic acquisitions, and scale globally.”

Playbook Partners managing partner Vikas Choudhury added, “KaarTech stands out for its deep domain expertise, AI-led transformation capabilities, and strong client relationships. With operations across the US, Europe, and the Middle East, the company has demonstrated remarkable value creation in recent years.”

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In a transformation game where most players still chase buzzwords, Kaartech isn’t just raising money, it’s raising the bar, turning AI from a shiny add-on into the actual operating system of enterprise change.

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