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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102271) | |
22431. त्योहारी सीजन से पहले ई-कॉमर्स कंपनियां लाईं लाखों चेहरे पर मुस्कान, केवल ऐमजॉन ने 1 लाख नौकरी दी
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- ऐमजॉन इंडिया ने इस साल मई में अपने परिचालन नेटवर्क और ग्राहक सेवा केंद्रों में रोजगार के लगभग 70,000 अस्थाई अवसरों का सृजन किया था। फेस्टिव सीजन में कुल 3 लाख अस्थाई नौकरी पैदा होने की संभावना है
- RedSeer की एक रिपोर्ट में यह दावा किया गया है कि इस साल के त्योहारी सीजन (festive season) में ई-कॉमर्स और लॉजिस्टिक्स क्षेत्र की कंपनियां 3 लाख लोगों को नौकरी दे सकती हैं। रिपोर्ट के मुताबिक, फेस्टिव सीजन को देखते हुए ई-कॉमर्स कंपनियां ज्यादातर अस्थाई नियुक्तियां कर रही हैं। त्योहारी सीजन के दौरान भारी मांग को पूरा करने के लिए कंपनियां बड़ी संख्या में लोगों को भर्ती कर रही हैं।
- RedSeer का कहना है कि इन अस्थाई कामगारों में से करीब 20 फीसदी को फेस्टिव सीजन खत्म होने के बाद नहीं निकाला जाएगा। इन 3 लाख नौकरियों में से करीब 70 फीसदी ऐमजॉन और फ्लिपकार्ट जैसी दिग्गज ऑनलाइन कंपनियां दे रही हैं। बाकी लोगों की भर्ती Ecom Express जैसी लॉजिस्टिक्स कंपनियां करेंगी। इन नौकरियों में से 60 फीसदी रोल लॉजिस्टिक्स कामकाज में रहने का अनुमान है। 20 फीसदी रोल वेयरहाउसिंग में और 20 फीसदी कस्टमर सर्विस फंक्शंस में रह सकते ह
22432. [Funding alert] Social video app Public raises Rs 260 Cr from Lee Fixel's Addition, SIG Global, Tanglin Venture Partners
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- Launched in December 2019 by news curator Inshorts, the video-led hyperlocal information platform is a fast-growing app which features information such as local updates and happenings to local commerce, jobs, classifieds and more in Indian languages.
- Homegrown location-based social network Public, which enables people in Tier I, II, and III cities to record and share happenings around them and provide real-time local updates, has secured funding of Rs 260 crore from venture capitalist Lee Fixel’s Addition, SIG Global, and Tanglin Venture Partners.
- The plan is to utilise the funding towards rapid scaling up of tech infrastructure, content offerings and employee base to further speed up the growth and continue improving on retention and engagement.
22433. Silver Lake to invest additional Rs 1,875 Cr in Reliance Retail
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- This brings the aggregate investment by Silver Lake and its co-investors in RRVL to Rs 9,375 crore, which will translate into a 2.13 percent equity stake in RRVL. "Reliance Industries Limited ('Reliance Industries') and Reliance Retail Ventures Limited ('RRVL') announced today that co-investors of Silver Lake will invest an additional Rs 1,875 crore into RRVL, a subsidiary of Reliance Industries," the statement said. "The latest investment values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore," the statement added.
- "Silver Lake and its co-investors are valued partners on our journey to transform Indian Retail for the benefit of all Indians. We are pleased to have their confidence and support, as well as the benefit of their leadership in global technology investing and their valued network of relationships for the Retail revolution in India."
- Silver Lake Co-CEO and Managing Partner Egon Durban said, "We are delighted to increase our exposure and bring more of our co-investors into this unmatched opportunity. The continued investment momentum over the last few weeks is proof of the compelling vision and business model of Reliance Retail - and underscores the tremendous potential of the transformative New Commerce initiative."
22434. [Funding alert] Fintech startup Uni raises $18.5M from Lightspeed India Partners and Accel India
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- Fintech startup Uni has raised $18.5 million in one of the largest seed rounds. The funding was led by Lightspeed India Partners and Accel India.
- The business model of Uni is new-age credit cards for the digital generation. The purpose of the fund raise is to build a team and once the product is launched, it will be used for marketing and working capital.
- The startup claims that there are just 34 million credit card users having 58 million credit cards whereas there are more than 100 million Indians today who pay digitally and electronically. Focused on filling this gap, Uni will aim to target the ecommerce and internet-savvy generation in India who are looking at leading aspirational lifestyles.
22435. [Funding alert] Walmart and Flipkart Group make additional investment in agritech startup Ninjacart
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- Walmart and the Flipkart Group have made a fresh round of investment into agritech startup Ninjacart in continuation of its earlier funding done in December,2019. The value of this investment was not disclosed.
- According to a statement, this second round of funding demonstrates Walmart and Flipkart Group’s continued commitment to invest in India’s agriculture & food supply chain and strong confidence in Ninjacart. It stated the follow-on investment further validates Ninjacart’s strong execution capabilities and its ability to innovate in the challenging fresh food supply chain space.
- Ninjacart CEO & Co-founder Thirukumaran Nagarajan said, “The fresh set of investments from Walmart and the Flipkart Group takes us one step closer to our vision of making food safe and accessible for the billion people and changing the way food reaches our plate. We are excited to have Walmart and the Flipkart Group show confidence in our capabilities around growth and profitability. We will continue to invest in areas that impact the lives of Customers and Farmers positively.”
22436. [Funding alert] AR platform Avataar raises $7M Series A investment led by Sequoia Capital India
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- Bengaluru-based 3D AI platform Avataar has raised $7 million in Series A funding led by Sequoia Capital India. The new funds will be deployed towards cutting-edge R&D product initiatives. 3D and Augmented Reality (AR) platform Avataar.me, which helps large enterprise customers create immersive shopping experiences for end users, has raised Series A funding of $7 million from Sequoia Capital India. The new funds will be deployed towards creating cutting edge R&D product initiatives.
- Sequoia Capital India said Avataar’s vision is to bridge the gap between offline-online experiences by replacing the current 2D visuals with life-size and hyper-realistic 3D XR/AR experiences. The opportunity the founders are going after is estimated to be worth $25 billion by 2023. Shailesh Lakhani, Managing Director, Sequoia Capital India, said: “In 2019, more than 300 million users were actively using AR. Spends on AR tools for creating social engagement for brands along with 'try-before-you-buy' experiences were $1.5 billion – this is expected to grow 10X by 2023. Undoubtedly, the time for AR/VR is now, with ecommerce being one of the broadest applications.
- “Using patented AI-based algorithms, the team at Avataar.me has developed the most comprehensive platform for enterprises to showcase their physical products and services digitally, driving better business outcomes. The Sequoia India team is thrilled to partner with Avataar.me and help power their vision of bridging the offline-online experience gap.”
22437. [Funding alert] Quiz-based learning platform Genius Teacher raises $2M from Indian and US investors
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- The Mumbai-based edtech startup will use the funding to create products for teachers and grow fast to million-plus students in the next 12 months.
- “Genius Teacher is all about transforming boring education to a learning adventure. We have a big vision to be the best quiz-based learning platform loved by millions of children in K-12. We will utilise our $2 million funds raised to create products for teachers and grow fast to million-plus students in the next 12 months," said Founder and CEO Advitiya Sharma.
- With over 100-plus schools, 2,000+ teachers, 70,000+ paid students, and a record 100 percent renewals, Genius Teacher said it is bringing about a paradigm shift in how students are being taught in school and at home. Its app is available for Android and iOS users.
22438. [Funding alert] Video creation platform InVideo raises $15M in Series A led by Sequoia Capital India
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- Mumbai-based video creation platform InVideo founder says capital injection will allow the startup to continue its mission to build a world-class technology solution, expand at scale, and help more individuals and businesses create unique videos.
- InVideo, the Mumbai-headquartered video creation platform that allows users to create high quality videos for any form of digital media, has raised a $15 million Series A funding round led by Sequoia Capital India.
- The round also saw participation from Tiger Global, Hummingbird, RTP Global, and Base Ventures.
22439. Procter & Gamble announces a Rs 400 Cr ‘India Growth Fund’ for innovation
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- Keeping in line with the Indian government’s vision to make an Aatmanirbhar Bharat, the FMCG major will localise the manufacturing of finished products and adopt go-to-market innovations and technology.
- Procter & Gamble (P&G) on Thursday announced a Rs 400 crore ‘India Growth Fund,’ which will focus on innovations and technology, keeping in line with the Indian government’s vision to make an Aatmanirbhar Bharat by driving inclusive growth in India through external partnerships.
- The fund is part of P&G India’s ‘vGROW’ programme that aims to collaborate with startups, small businesses, individuals, or large organisations, offering innovative industry-leading solutions. Speaking about the investment, Madhusudan Gopalan, CEO, P&G Indian Subcontinent, said,
22440. Epic Games investor and co-chairman of Bain Capital invests in Indian gaming startup WinZOI
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- WinZO has secured funding from Stephan Pagliuca, co-chairman of private equity firm Bain Capital.
- Pagliuca is also the co-owner of the NBA Basketball team, Boston Celtics, and is an investor in the American gaming company and Fortnite maker – Epic Games.
- Earlier in September, WinZO had raised $18 million from top global VCs – Singapore’s Makers Fund and New York-based Courtside Ventures.