Description
This week in Indian Startup News, Zomato just launched an Intercity Food Delivery Pilot, Indian Govt to promote over 10,000 startups, NPCI looking to pick 9-10% stake in ONDC.
00:00 Introduction 00:13 Zomato just launched an Intercity Food Delivery Pilot 02:21 Bird's Eye Segment 03:12 Sponsored Segment 06:14 Indian Govt to promote over 10,000 startups 07:09 NPCI looking to pick 9-10% stake in ONDC 08:30 BWM Team Update
Zomato just launched an Intercity Food Delivery Pilot: Food delivery company Zomato has launched a service called 'Intercity Legends' that will let users order dishes and delicacies from famous outlets and restaurants in other cities. For now, service is limited to South Delhi and Gurugram. People living in these areas will be able to enjoy rosogollas from Kolkata, biryani from Hyderabad, and kebabs prepared in Lucknow. In a latest statement, Zomato’s CEO Deepinder Goyal said that Zomato is going to show profits soon and that he is very enthusiastic about it. Funding this week: This week at least 9 Indian startups raised more than $145 Million.
Bike Bazaar raised $52.8 Million Genome research startup MedGenome raised $50 Mn Fintech startups - Early Salary raised $13 Million Indian Govt to promote over 10,000 startups: Ministry of Electronics and Information Technology (MeitY) Secretary Alkesh Kumar Sharma said that the government is looking to promote more than 10,000 startups in the coming five to six years under its GENESIS - that’s an acronym for Gen-Next Support for Innovative Startups - initiative. So, Digital India GENESIS is a deeptech startup platform that will help tech startups largely from Tier-II, III cities. MeitY has already partnered with 22 accelerators under Centre’s SAMRIDH.
NPCI looking to pick stake in ONDC: The National Payments Corporation of India (NPCI) is looking to pick a 9-10% stake in the government’s digital commerce initiative, the Open Network for Digital Commerce or ONDC which is a government owned open source platform. NPCI manages the digital payments network of UPI and its CEO, Dilip Asbe, is also a part of the advisory council of ONDC.
It all began in late 2008, amidst Abhinav Das' GATE exam. In a pivotal moment of realization, he abandoned the exam midway, recognizing that pursuing a master's degree wasn't his true calling. Instead, he crafted a business plan on the spot, birthing the concept of 'Evomo - Evolving...
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00:00 Intro
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09:15 Indian EVs vs Chinese EVs
19:29 Can India become the biggest electric vehicle exporter?
28:10 Indian EV industry (wave 1)
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