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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102271) | |
22511. Google and Snap in talks to invest in India’s ShareChat
Make in India / Atmanirbhar
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Tech Crunch
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- ShareChat, an Indian social network that added Twitter as an investor in 2019, may soon receive the backing of two more American firms.
- The new financing round — a Series E — is slated to be larger than $200 million, with Google alone financing more than $100 million of it, four sources said, requesting anonymity as the talks are private. The round values ShareChat at more than $1 billion, two of the sources said.
- ShareChat, Google and Snap did not immediately respond to a request for comment. ShareChat has raised about $264 million to date and was valued at nearly $700 million last year.
22512. कैसे MSMEs को डिजिटल कोर्ट के माध्यम से उनकी पेमेंट समस्याओं को हल करने में मदद कर रहा है चंडीगढ़ का यह स्टार्टअप
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- 1. MSMEs के बकाए पैसे के भुगतान में देरी या फिर भुगतान का न हो पाना एक गंभीर चिंता का विषय है।
- 2. रमन ने छोटे से मध्यम स्तर के व्यवसायों के बीच बढ़ते विवादों को तेजी से हल करने और प्राइवेट जस्टिस डिलीवरी मैकेनिज्म के माध्यम से सिविल और कॉमर्शियल विवादों में मदद करने के लिए भारत की पहली डिजिटल कोर्ट में से एक विकसित की है।
- 3. इसे हल करने के लिए, Jupitice ने 90 दिनों के भीतर MSME भुगतान के मुद्दों को तेजी से हल करने के लिए एक निजी डिजिटल कोर्ट विकसित किया है।
- 4. हालांकि सरकार केंद्र और राज्य के विभागों, सार्वजनिक उपक्रमों (PSUs) और अन्य से अपने एमएसएमई विलंबित भुगतान पोर्टल - एमएसएमई समाधान (MSME Samadhaan) के माध्यम से माल प्राप्त करने के 45 दिनों के भीतर एमएसएमई का बकाया चुकाने का आग्रह कर रही है लेकिन फिर भी समस्या केवल बढ़ी ही है।
22513. [Sustainability Agenda] This startup aims to make travel to Northeast India carbon neutral
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- 1. Through WhatsApp alone, Encamp Adventures has been able to create travel itineraries for over 6,000 travellers interested in exploring the Northeast.
- 2. The startup’s first initiative was the Ziro Music Festival, an outdoor event held in the Ziro Valley of Arunachal Pradesh
- 3. In 2019, Encamp ventured into building customised travel itineraries. WhatsApp has been the startup’s primary mode of connection through which it has been able to serve over 6,000 people so far.
- 4. Encamp has nearly 500 local partners. Located in extremely remote places, they are a key part of the company’s operations.
22514. This ecommerce startup delivers gifts anywhere in India in just two hours
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Startups in Bharat
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- 1. Chandigarh-based Winni, an online gifting portal, has made tremendous headway in this field in the past few years. It was launched in 2013 by Sujeet Kumar Mishra, Chander Pal, Sonali Gaur, and Abhishek Sharma.
- 2. Chandigarh-based Winni is an online gifting platform that offers a variety of gift items, which can be delivered pan-India in just two hours.
- 3. The team claims to have successfully completed 50,000 deliveries in the five days of Valentine’s Week this year, with 20,000 of these taking place on February 14 itself.
22515. Sterlite Tesla takes another step on road to launch in India
Make in India / Atmanirbhar
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Returers
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- Tesla Inc has moved a step closer to its launch in India later this year by registering a company in the country, a regulatory filing showed on Tuesday.
- Tesla Motors India and Energy Private Limited was incorporated on Jan. 8 with its registered office in the southern city of Bengaluru, a hub for several global technology companies.
- The filing shows the Indian unit has three directors including David Feinstein, who is currently a senior executive at Tesla, according to his LinkedIn profile.
22516. Kulmeet Bawa, MD & President, SAP Indian Subcontinent goes vocal on 'Project Nakshatra' for India and its long term impact on startups
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- 1. SAP India has launched its new initiative, 'Project Nakshatra' for Indian startups. Kulmeet Bawa, MD & President, SAP Indian Subcontinent, made an announcement about the project on Day 1 of TechSparks 2021.
- 2. SAP India’s Project Nakshatra aims to help propel the Indian startup ecosystem to further contribute towards India’s aspiration to become an economic
- 3. SAP is today serving about 450,000 customers globally across 26 Industries, which is phenomenal. Having recently completed 25 years of launch in India, SAP knows how to scale, understands what it means to take a business global, and what it means to arm that business for robustness, as well as agility.
22517. PE Firm Advent To Buy Controlling Stake In ZCL Chemicals At Enterprise Value Of Rs 1,700 Cr
Make in India / Atmanirbhar
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Business Today
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- Local Private equity fund Advent International will acquire a controlling stake in pharmaceutical company ZCL Chemicals for an enterprise value of Rs 1,700 crore, sources said on Monday. Advent announced that it has signed a definitive agreement to acquire a controlling stake in ZCL Chemicals, while sources said that the enterprise value at which the stake of over 51 per cent has been acquired is Rs 1,700 crore.
- ZCL manufactures specialty active pharmaceutical ingredients (APIs) and advanced intermediates, with a focus on niche therapeutic areas and has a US Food and Drug Administration (US FDA)-approved facility. In the past 12 months, Advent has committed over USD 1.2 billion globally across the healthcare sector and USD 600 million in four Indian companies into healthcare, consumer, and financial services, the statement said.
- Advent, which signed its first cheque for an Indian company in 2007, has deployed over USD 1.7 billion in the country across a dozen deals. Transactions over the past year include RA Chem, Bharat Serums and Vaccines and Aditya Birla Capital.
22518. This Pune-based startup improves livelihood of weavers by giving handcrafted silk sarees an online platform
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- 1. Founded in August 2020 by Priyanka Ghule Katkar, MySilkLove is an online portal for handcrafted silk sarees. Its USP, the founder says, lies in video-based shopping, Whatsapp support, and no-questions-asked refund and exchange policy.
- 2. which sources handcrafted silk sarees from weavers across the country, sells over 1,500 products per month. Sarees on the platform range between Rs 2,500 and Rs 80,000.
- 3. It presently works with more than 1000 artisans from Banaras (Uttar Pradesh), Bagalkot (Karnataka), Yeola (Maharashtra), and Kanchipuram (Tamil Nadu) and sources silk sarees.
- 4. The average income of the weavers at MySilkLove platform is around Rs 25,000 to Rs 30,000 per month.
22519. How a brick-and-mortar NBFC pivoted to become a tech-enabled finance-SaaS startup
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- 1. In 2014, Pavitra Walvekar launched Kudos Finance, a full-fledged NBFC providing loans to small businesses with branches across different cities in India. Until 2018, the Pune-based NBFC had three branches and had disbursed about Rs 100 crore in loans.
- 2. Kudos Finance has 11 lenders on its platform, which includes four banks and seven NBFCs.
- 3. The tenure of loans disbursed has to be of a short duration of 15 days to a year, ticket size should be of a few thousand rupees to Rs 10 lakh, the company should have end-user control, and lastly, it should be able to track the cash flow.
- 4. the startup claims that over Rs 2,600 crore has been disbursed through its platform to one million customers, who are present in 2,100 cities with just a 44 member team and a single branch.
22520. Gaming firm Nazara raises ₹100 crore from investors
Make in India / Atmanirbhar
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Mint
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- Nazara is one of the leading gaming companies in India with stakes in mobile gaming, eSports and sports media.
- In the last five years, the company has invested over ₹300 crore in Indian gaming ecosystem
- After filing for an initial public offer (IPO) last month, Mumbai-based gaming startup Nazara Technologies Ltd has raised fresh funding of Rs100 crore from Instant Growth Limited (IGL), the investment vehicle of North America-based limited partners (LPs) of Hornbill Orchid India Fund.