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    Here's Why Jeff Bezos' India Visit & Modi Meeting Are Critical For Amazon

    Jeff Bezos will be visiting in January 2020 The Amazon boss is likely to meet with PM Modi at a time of regulatory uncertainty Amazon India has also been the subject of many protests by consumers, traders With India about to launch a new set of rules for ecommerce to address issues such as deep discounting and consumer complaints about fake products, the next few months...

    • an hour ago
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    Fresh Food Maker Wingreens Raises $17 Mn From Sequoia, ResponsAbility

    The company has previously raised seed and Series A investment from Sequoia Wingreens plans to expand its distribution and product portfolio Founder Arjun Srivastava unfazed by the decline in consumer spending which has impacted FMCG sector Gurugram-based food and beverage maker Wingreens has raised $17 Mn (INR 125 Cr) in Series B from venture capital firms Sequoia Capital and...

    • 4 hrs ago
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    MG Motor Plans Ecosystem Approach To Launch EV In India

    MG Motor will soon launch its electric SUV MG ZS EV The company may price it around INR 25 Lakh MG Motor is setting up various partnerships for its ecosystem approach British automobile maker MG Motor is looking to leverage ecosystem approach for its plans to explore electric vehicle industry in India. MG Motor India President and Managing Director Rajeev Chaba told PTI that with its...

    • 10 hrs ago
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    India's Foodtech First Mover Talks About Profitability, Expansion And IPO

    HungerBox CEO Sandipan has spent more than a decade in the food tech biz. His pivot to apps and then to B2B food market pushed HungerBox into profitable unit economics - a rare outlier in the sector which is currently burning through some of the largest fund raisings in the country Sandipan Mitra, the cofounder and CEO of HungerBox, a business-to-business (B2B) foodtech...

    • 10 hrs ago
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    Amazon Growing Rapidly In India, Says Jeff Bezos, But Calls For Regulatory Clarity

    Jeff Bezos believes regulatory stabilisations in India are stable on time After is planning to infuse $630 Mn (INR 4,472.50 Cr) in Indian operations Currently, Amazon India is running in loses After laying out plans to infuse $630 Mn (INR 4,472.50 Cr) into three of its Indian businesses - Amazon Pay, Amazon Retail and Amazon Sellers Service, the US-based ecommerce...

    • 10 hrs ago
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    Indian Startups In Line For $1 Mn Award For Sustainable Cooling Innovations

    Eight participants from India, US, China and the UK have reached the final stage of the Global Cooling Prize Participant startups will receive $200K each for developing their final product The winner of the challenge will receive an additional cash prize worth $1 Mn A year after the Global Cooling Prize (GCP) was launched, the competition has moved into the final phase...

    • 11 hrs ago
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    Ola Collaborates With Microsoft Research To Tackle Air Pollution in Delhi

    The project started in November 2019 is expected to collect millions of data points over the course of one year Ola will mount sensors on vehicles to gather street-level air quality data in Delhi-NCR The data collected would be made available for the public in the form of dashboards, reports and raw data In an attempt to solve the most crucial menace in the country,...

    • 13 hrs ago
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    Income Tax Payment Using UPI To Become A Reality Soon

    The IT department is also planning to offer other digital payments modes such as credit cards and mobile wallets Currently, the department allows usage of net banking and debit cards of six banks UPI has crossed 1 Bn transaction mark in October 2019 After foraying into the international markets, it seems there's no stopping for the National Payments Corporations of India's (NPCI)...

    • 13 hrs ago
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    Insurance Biz Helps CarDekho Group Increase Revenue By 92% In H1 FY20

    The company attributed this growth to pre-emptive moves to build relationships Insurance and warranty business grew 523% Y-o-Y The company transacted used cars worth over $50 Mn in H1 FY20 The Indian auto industry has been facing a major slump over the last few months. Passenger car sales declined by 31% in July 2019 and 29% in August 2019 as compared to last year. This fall...

    • 14 hrs ago
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    TikTok Experiments With Social Commerce: Should Meesho & Co Be Worried?

    TikTok now allows some users to add links to ecommerce sites to their profile biography The company said the experimentation is aimed at improving app experience for users India has 466.8 Mn TikTok app installs, about 31 percent of total global downloads Social video platform TikTok is not leaving any stone unturned when it comes to driving growth. The app, which touched 1.5...

    • 15 hrs ago

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