BLive has extended its partnership with Zomato to offer premium electric vehicles (EVs) for the latter’s delivery fleet. This move is expected to help Zomato reduce its carbon footprint and promote sustainable delivery options.
An inter-ministerial committee in India is currently examining investments from China in Paytm Payments Services Ltd. (PPSL), and a decision on the foreign direct investment (FDI) issue will be made after careful consideration. Concerns about Chinese investments prompted the Indian government to reject Paytm’s proposal for post-facto approval for investments made in another subsidiary called PPSL.
The year 2023 saw the lowest number of startups being founded in a decade in India, raising questions about the reasons behind the decline. While the funding downturn is a significant factor, entrepreneurs and investors argue that it cannot be solely attributed to the decline in funding.
AWS has launched its first space tech accelerator program in collaboration with T-Hub and Minfy. Start-ups qualifying for the program will receive various benefits, including up to US$100,000 in AWS credits and guidance from experts at ISRO, IN-SPACe, and AWS.
Paytm has assured its users that its services will continue without any disruption and has partnered with other banks to offer services following a directive from the Reserve Bank of India. In response to the RBI directive on Paytm Payments Bank Ltd. (PPBL), the company has established an advisory committee headed by former SEBI chairman M Damodaran, CA MM Chitale, and former chairman and managing director of Andhra Bank R Ramachandran.
Honasa Consumer, a consumer goods company, reported 28% revenue growth and 264% profit after tax (PAT) growth year-on-year in the third quarter of fiscal year 2024.
Navi Finserv plans to raise up to Rs 600 crore through a bond issue. The company, founded by Sachin Bansal, aims to strengthen its financial position and expand its operations.
Oyo is seeking expedited approval for its initial public offering (IPO) from the Securities and Exchange Board of India (SEBI). The move indicates Oyo’s eagerness to go public and capitalize on the growing demand for travel and hospitality services.
WeWork Labs has launched Jumpstart 2024, an initiative to support early-stage start-ups. The program will provide mentorship, resources, and workspace to selected start-ups, helping them accelerate their growth and success.
The interim budget for 2024 did not introduce any major overhauls but emphasized innovation and skill development in the edtech sector. The budget aimed to promote digital education and bridge the skill gap in the country.
B Capital, a venture capital firm, is betting big on cross-border software-as-a-service (SaaS), healthcare, and climate tech start-ups in India. The firm sees immense potential in these sectors and plans to invest heavily in companies operating in these spaces.
The e-commerce sector called for higher spending on infrastructure and digitization in the budget for 2024. Key players in the industry emphasized the need for investments to improve logistics, expand reach, and drive digital adoption.
The government’s AI-warehouse pilot project aims to reduce onion wastage in India. By leveraging artificial intelligence and data analytics, the government plans to optimize the storage and distribution of onions, ensuring minimal wastage and better price stability.
The Reserve Bank of India (RBI) took a decisive step by introducing a self-regulatory organization (SRO) for fintech. The move is aimed at fostering transparency, accountability, and consumer protection in the fintech sector.
A focus on productivity involves optimizing the time employees spend at work. By leveraging technology, automation, and efficient work practices, businesses can enhance productivity and achieve better outcomes.
(Source: Outlook Start-Up)
