The government wants to capture greater market share in global trade and has kick-started an exercise for mapping region specific exports to achieve this aim. It has identified the pharmaceutical sector as an “export commodity with high potential” to garner higher market share in Euro…
Companies, Finance & Markets
Foodpanda automates order flow, eyes profits in next three years
Online food ordering platform Foodpanda, which was under fire for laying off over 300 employees earlier this year, has implemented a near complete automation of its order flow to become more operationally efficient with lower staff levels, a top company executive said. “The last six to eigh…
Egypt seeks India’s help to learn the ropes of SME financing
In an attempt to bring financial sectors of two countries closer to the other Egypt’s Small and Medium Enterprises (SME) in the Egyptian Banking Institute (EBI) organised a visit of their experts to India this May to learn about experience in financing SMEs. The visit to India was in collab…
Zopper looks to double GMV to $200 million this fiscal
Hyperlocal model may not have turned out to be viable for grocery players such as PepperTap, Localbanya, Ola Store and Flipkart’s Nearby, leading all of them to shut shop, but Neeraj Jain, Co-Founder of Zopper, hyperlocal for home appliances, expects to double its GMV (Gross Merchandise Value) to…
Indian SMEs readying for INNOPROM 2016
India and Russia have set a challenging goal for bilateral trade to reach $ 30 billion by 2025, while the target for mutual direct investments between them is $15 billion. Compared to these ambitious targets, bilateral trade stood at $ 9.5 billion in 2014 and decreased by around 6 per cent to $ 9…
Pepperfry ups ante with furniture at cost of pizza
Online furniture and home décor marketplace Pepperfry, which hit the 3-million shipment milestone last month, is widening its net to lure a new set of customers who choose to rent furniture instead of buying it. After studying the operating model of furniture rental firms such as Furlenco, RentoM…
Zomato among launch partners for apple’s new maps platform
Online restaurant guide and food delivery service Zomato is among the launch partners for Apple’s new maps platform that was unveiled at the company’s annual developers conference on June 13. This new platform, dubbed as Map extensions, will allow third party developers to integrate t…
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…
East Asia eyes Indian market to counter China slow down
It took Takahiro Suzuki multiple trips to India over a period of two years to be understand the nuances of the startup ecosystem in India. The head of CyberAgent Ventures (CA Ventures), Jakarta office is among the multiple legacy early-stage funds from east Asia which are testing the Indian marke…
Ola to raise $1 billion to fend off Uber
ANI Technologies, the company that owns India’s largest taxi aggregator, Ola, is in talks to raise nearly $1 billion (Rs 6,700 crore) in fresh funding to compete with global rival Uber, which has a war chest for India, ‘the only market that remains open globally. Ola is expected to close th…