Self-drive car rental startup Zoomcar, which last year had raised $11million from various investors such as Nokia Growth Partners and Sequoia Capital, has pivoted to a marketplace model as part of a broader strategy to drive efficiencies in its business, as it aims to hit profitability by next ye…
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Flea market gives Paytm, Shopclues a high
Online marketplaces ShopClues and Paytm have said consumers in small towns and cities are fuelling their weekly ‘flea market’ sales. Flea market gives Paytm, ShopClues a high; strategy helps them differentiate from larger firms The strategy of a Sunday ‘flea market’— where…
Gujarat govt unveils Purchase Policy with focus on SMEs
With an aim to promote micro and small-scale industries, industries started by educated unemployed and institutes governed by Khadi Gramodhyog Board and to ensure quality products at reasonable rates for government departments, the Gujarat government has declared its Purchase Policy 2016, said an…
Couponhaat.in records half a million monthly hits mark
Within just one year of its operation, Delhi based start-up and India’s leading coupons and deals company – Couponhaat.in has recorded half a million monthly hits traffic milestone across its website store, blog, forum, and shop pages. Over last quarter it had attracted over 1.5 million hit…
Singtel and Airtel announce a strategic alliance to provide seamless high speed data connectivity
New combined network is among the largest global IP VPNs offering seamless data connectivity to over 300 cities across the world Multinational corporations can leverage new network to manage their global operations using high bandwidth applications Singapore Telecommunications Limited (Singtel) a…
Ola expands premium service ‘Lux’ to Delhi-NCR
After Micro, taxi aggregator Ola is now betting on the luxury segment for growth and has expanded its premium service ‘Lux’ to Delhi-NCR. Using Ola ‘Lux’, users will be able to book rides in high-end sedans like Jaguar, Mercedes, Audi, BMW, Toyota Camry, Fortuner and Honda…
Foreign firms to be invited to Startup India anniversary
The government plans to invite prominent international startups to enter India’s growing new economy. The department of industrial policy and promotion will organise a start-up conference next January to coincide with the first anniversary of the StartUp India initiative, according to an official…
Egypt organises visits to India, Hungary to learn about SME financing
Small and Medium Enterprises (SME) in the Egyptian Banking Institute (EBI) organised two visits to India and Hungary in May 2016 in order to learn about their experience in financing SMEs. The purpose of the visit to Hungary was to meet heads of units of SME financing in banks in order to identif…
Assam plans single window clearance
Taking a cue from the past, the new BJP government in Assam is prepared to lay a red carpet for industries, while committing themselves to providing a hassle-free environment for business State Industry and Commerce Minister Chandra Mohan Patowary, addressing newspersons at the Assam capital comp…
India expects $56 billion FDI in electronics sector
In a bid to meet increasing demand, India is expecting investments worth $56 billion in the electronics sector by 2020. The country has permitted 100 percent foreign direct investment (FDI) in the electronics sector. “We must have an electronics output of $400 billion a year by 2020 to meet…