Union Minister For Commerce and Industry Piyush Goyal announced on Thursday that the National E-commerce Policy is in its final stages of discussion and is poised for imminent announcement. Addressing the media at a press conference, Goyal stated, “It is in the final stages of discussion at the highest level in the government. We hope […]
Under the incubation component of the micro, small and medium enterprise (MSME) innovative scheme, the Centre has approved 533 ideas for nurturing and development with an amount of only Rs 43.30 crore during the last three years. Minister of State for MSME, Bhanu Pratap Singh Verma in a written reply to the Lok Sabha said […]
The Open Network for Digital Commerce (ONDC), in collaboration with Google Cloud India, Antler in India, Paytm, Protean and Startup India revealed ‘Build for Bharat’ initiative. According to the ONDC, the initiative aims to tackle diverse challenges in digital commerce, promoting industry innovation to develop practical solutions in this space. ‘Build for Bharat’ intends to […]
Swiggy, the online food delivery platform, announced on Tuesday that it has facilitated the disbursal of over Rs 450 crore in loans to more than 8,000 restaurant owners through its capital assist programme. Launched in 2017, this pioneering initiative addresses the financing gap and empowers restaurant owners. According to the company’s statement, over 8,000 restaurants […]
India’s Ola Electric plans to file regulatory papers for its up to USD 700 million IPO before the end of October as the e-scooter maker fast-tracks its listing move, three people with direct knowledge said. Backed by investors including Singapore’s Temasek and Japan’s SoftBank, Ola Electric was valued at USD 5.4 billion in a recent […]
TiE Delhi-NCR, an organization fostering entrepreneurship nationally, hosted the Delhi leg of its flagship event- India Internet Day (iDay), bringing together the brightest minds of the tech industry. This was close on the heels of the launch of the flagship event in Bengaluru in partnership with TiE Bangalore on 24 August. The 12th edition of […]
Flipkart has initiated a cash payout amounting to USD 700 million as compensation to its employees following the separation of PhonePe, marking the largest one-time cash payout in the history of Indian startups. CEO Kalyan Krishnamurthy stated in an internal email that each vested ESOP (Employee Stock Ownership Plan) would receive USD 43.67 as compensation, […]
Godrej Consumer Products Limited (GCPL) today announced that it will be investing Rs 100 Crore in Early Spring, a new Rs 300 Crore early-stage consumer fund being set up by Spring Marketing Capital (Spring). GCPL will anchor the fund in addition to offering its expertise and experience to help founders build strong, sustainable companies. Momin-Interview […]
