Convenience factor drives online sales of mobile phones, FMCG products

Online sales of smartphones crossed the halfway mark of total shipments for the first time in India in the April-June quarter, when a number of consumer goods too witnessed a steep increase in volumes through the ecommerce channel, driven by the convenience factor during the pandemic. The contribution of online to total sales more than doubled for large fast moving consumer goods (FMCG) companies such as Hindustan Unilever (HUL), ITC, Nestle

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Delhivery plans $1 billion IPO filing in October

Delhivery Pvt, an Indian logistics and supply chain startup, plans to file a draft prospectus as soon as October for its initial public offering that could raise about $1 billion, according to people with knowledge of the matter. The company, backed by SoftBank Vision Fund and Carlyle Group Inc., is…

Read more: Delhivery plans $1 billion IPO filing in October

Google introduces global kids safety programme in India

Tech leader Google has launched a programme in partnership with comic book publisher Amar Chitra Katha to inculcate safe internet practices in children. The lessons – intended to make the internet a safer place for children – will be available in eight Indian languages under the ‘Be Internet Awesome’ programme…

Read more: Google introduces global kids safety programme in India

NFT sales surge as speculators pile in, sceptics see bubble

Non-fungible token (NFT) sales surged in August, according to the largest platform for the burgeoning digital asset class, as speculators bet growing interest across the art, sport and media worlds will keep prices rising. The niche crypto asset, which is a blockchain-based record of ownership of a digital item such…

Read more: NFT sales surge as speculators pile in, sceptics see bubble

HDFC Bank, Paytm team up for digital payments

After the RBI lifted the eight month embargo, HDFC Bank seems to be getting back into the game. The leading private bank is teaming up with PayTM – a popular digital payment ecosystem, to provide its customers with payment solutions. In this arrangement, HDFC Bank will be the payment partner…

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Govt launches schemes to support 300 startups for creating 100 unicorns

With an aim to provide a boost to the fledgling startup ecosystem in the country, the government launched a Startup Accelerator for Product Innovation, Development and Growth on Wednesday. The initiative called SAMRIDH was launched by union minister for electronics and IT Ashwini Vaishnaw and will help close to 300…

Read more: Govt launches schemes to support 300 startups for creating 100 unicorns

Accenture working with 15 NGOs as part of Covid-19 pandemic relief in India

Technology services provider Accenture is working with 15 non-governmental organisations (NGOs) across 18 states in India as part of its Covid-19 relief efforts, Rekha Menon, chairperson and senior managing director, Accenture in India said in a blogpost on professional networking platform LinkedIn. This includes helping with vaccinations, building healthcare infrastructure…

Read more: Accenture working with 15 NGOs as part of Covid-19 pandemic relief in India

Omidyar Network India commits $2 million to The/Nudge

Omidyar Network India, a “philanthropic investment firm”, has committed a core grant of $2 million (about Rs 14.5 crore) to The/Nudge Foundation to support the non-profit organisation’s efforts to catalyse large-scale social transformation. Established in July 2015, The/Nudge Foundation aims to alleviate poverty by way of its three impact streams:…

Read more: Omidyar Network India commits $2 million to The/Nudge

Ujjivan SFB tumbled 32% in six days. Here's what analysts said

NEW DELHI: Shares of Ujjivan Small Finance Bank (SFB) tanked 10 per cent in Monday’s trade, in addition to a 19 per cent decline on Friday, to take its losing streak into the sixth straight session. The sharp fall in the stock has occurred ever since Nitin Chugh, who had…

Read more: Ujjivan SFB tumbled 32% in six days. Here's what analysts said

CredAble ropes in Ranjit Singh as EVP and head of credit

Bewakoof gets Rs 60-crore funding, eyes Rs 2,000 crore in sales by 2025

Neobank Winvesta gets seed funding from Speciale Invest, others

Stellaris Venture Partners appoints Cred’s Mayank Jain as principal

Delhivery acquires Spoton Logistics ahead of planned IPO

Effitrac Solutions partners RazorpayX to empower MSME customers

Agritech startup TartanSense raises $5 million from FMC, Omnivore and Blume Ventures

Curefoods raises $13 million funding from Iron Pillar, Binny Bansal, others

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