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Your Story Amazon India's Raghava Rao talks about the role of CFOs in startups
In this series of interviews of 'ExpertSpeak', I will be speaking to leading business figures about emerging technology trends, dissect industry developments, and offer startup insights. This is a deep-dive into the new, ambitious, and resilient Indian startup ecosystem.In this ExpertSpeak session with Raghava Rao, India CFO, Amazon India, I spoke at length on the role of CFOs in...
- 2 hrs ago
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Your Story Big Billion Days sale has revived demand, says Flipkart
The Big Billion Days (TBBD) sale, the annual flagship event of India’s leading ecommerce marketplace Flipkart, witnessed a revival in demand that has been hit due to COVID-19. According to Flipkart, TBBD of 2020, which was held between October 16 to 21, saw 1.5x number of transacting sellers as compared to last year. Among them, more than 35 percent of retailers saw 3x more sales as...
- 3 hrs ago
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Your Story [Funding alert] Fintech startup Signzy raises $5.4M led by Arkam Ventures and Mastercard
Bengaluru-based 'no code AI platform' Signzy on Tuesday announced that it had raised fresh round of $5.4 million from Arkam Ventures and Mastercard. Its existing investors — Kalaari Capital and Stellaris Venture Partners — also participated in the current round.According to the company statement, Signzy will use the fresh funds to...
- 6 hrs ago
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Home [Funding alert] Ex-Tesla CIO founded Tekion enters the unicorn club with $150M Series C round
Tekion, an automotive industry-focused technology startup founded by Jay Vijayan, the former CIO of Tesla, has entered the unicorn club with its latest Series C funding round.Headquartered in the US with development centres in India, Tekion received a funding of $150 million led by Advent International, at a valuation in excess of $1 billion, according...
- 6 hrs ago
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Home KVIC launches Khadi fabric footwear amid calls to make India aatmanirbhar
Khadi and Village Industries Commission (KVIC) on Wednesday launched India's first-ever Khadi fabric footwear.Speaking at the launch event of the footwear via video conferencing, Nitin Gadkari, the Union Minister for Micro, Small and Medium Enterprises (MSMEs), said that each pair of shoes and sandals is priced between Rs 1,100 and Rs 3,300. Initially, 15 designs for female...
- 8 hrs ago
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Home Cyber crimes in India caused Rs 1.25 lakh Cr loss last year: Official
Cyber crimes in India caused Rs 1.25 lakh crore loss in 2019 and cyber threats will continue to increase as the country starts developing smart cities and rolling out 5G network, among other initiatives, National Cyber Security Coordinator Lt Gen (Dr) Rajesh Pant said on Tuesday.He said that there are only a few Indian companies who are making some of the cyber security...
- 8 hrs ago
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Home Looking to create a tech startup but don't know where to begin? Here's how Entrepreneur First can help
India is home to the second-largest startup ecosystem in the world and recent data shows that it has raised as much as $63 billion in growth capital between 2016 and 2020. This data by the Indian Private Equity and Venture Capital Association and Praxis Global Alliance also highlighted that with 27 new unicorns, the country is also home to the...
- 9 hrs ago
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Your Story Indian Bank partners with IIT-Madras to fund startups
State-owned Indian Bank in collaboration with IIT-Madras Incubation Cell (IITMIC) on Tuesday launched an initiative for funding startups.Under the initiative — IND Spring Board — IITMIC will refer startups with proven technology and established cash flows to the bank and also extend advisory to the bank on the business model.The lender will extend loans of up to Rs 50 crore to...
- 10 hrs ago
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Home India's exports to the US and China rise while imports decline
In the last one year, exports from India to the US and China have risen whereas imports have declined. According to the data released by the government, exports to China from India stood at $8.4 billion between April 2019 to September 2019. The numbers have gone up by 26.3 percent and stood at $10.6 billion in September 2020.Similarly, India's exports to the US stood at $4.4 billion...
- 11 hrs ago
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Your Story Jio Platforms, Qualcomm successfully test 5G solutions, clock over 1 Gbps speed in trials
Qualcomm and Reliance Jio on Tuesday announced that they have aligned efforts on 5G in order to fast-track development and rollout of indigenous 5G network infrastructure and services in India.Leveraging Qualcomm's technology, Jio has indigenously developed a 5G RAN (Radio Access Network) product that has achieved ultra-high throughputs, and the product is...
- 11 hrs ago
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