Author: Priyanka Chauhan

New Delhi: The growth of India’s internet economy is expected to be driven by a continued shift in consumer behavior and the evolution of the business ecosystem, according to a report titled ‘The e-Conomy of a Billion Connected Indians’ released by Google, Temasek, and Bain & Company. The report predicts that the internet economy in India to grow from approximately $175 billion in 2022 to about $1 trillion by 2030. The report is based on surveys of consumers and investors, as well as analysis by Bain & Company. It highlights the key sectors of the internet economy that are driven by…

New Delhi: Novatr, a homegrown ed-tech startup transforming the Architecture, Engineering, and Construction (AEC) industry, has announced the appointment of two new members to their leadership team to accelerate their hyper-growth trajectory. Mishu Ahluwalia (Ex-founder of GoHive Coworking, KIWI & Roofpik.com) has been appointed as the Chief of Staff and Rajat Tiwari as the Vice President of Sales.       Mishu brings more than 22 years of experience in building and growing startups across the technology, real estate, and e-commerce domain. His expertise lies in driving scale for businesses across B2B and B2C verticals, and has a successful track record…

New Delhi: Sistema.bio, a social enterprise based in Mexico and specializing in advanced biogas technology, recently unveiled the world’s largest manufacturing facility for biogas plants in Chakan, Pune. Founded in 2010 by Alex Eaton and Camilo Pages, Sistema.bio has its headquarters in Mexico City. The newly established facility in India has an annual production capacity of 100,000 prefabricated biogas plants. Alex Eaton, CEO and co-founder of Sistema, stated that their bio-digesters are easier to install, have a longer lifespan, and are approximately 20% cheaper than traditional biogas plants constructed through civil engineering methods. He emphasized that existing technologies were primarily designed…

New Delhi: The disbursements of Paytm increased by 169% year-on-year (y-o-y) to reach Rs 9,618 crore during the months of April and May, the parent company, One97 Communications said in a release. In terms of loan volume, there was a 54% y-o-y rise, with a total of 8.5 million loans disbursed. The company reported a growth in the distribution of postpaid and personal loans, highlighting its partnerships with large non-banking financial companies (NBFCs) and banks. Paytm emphasized its commitment to maintaining the quality of loans distributed through its platform. At present, the company has seven lending partners, and it aims…

New Delhi: India’s largest branded intercity bus service provider, zingbus, and Sheru, a leading provider of innovative battery management and energy storage solutions, have joined forces in a ground-breaking partnership aimed at scaling e-mobility for intercity commutes. Under this strategic partnership, zingbus plans to add 2200 electric buses and 4000 electric cars to its fleet over the next 5 years. zingbus will utilize ScaleBat, Sheru’s cutting-edge battery management solution to ensure efficient battery management. ScaleBat offers advanced features for optimizing battery performance, reducing operational costs, and extending battery life, thereby enabling zingbus to maximize the potential of their electric vehicles. In…

                 The company aims to reach 500 employees by FY23 New Delhi: Moonshot, an Omni-channel Distribution as a Service (DaaS) platform, is expanding its workforce, intending to create a team of 500 professionals by the end of FY23. The platform provides emerging, regional, and established Direct-to-Consumer (D2C) brands with seamless access to various distribution channels, including general trade, modern trade, e-commerce, and quick commerce. With its technology-enabled plug & play solution and extensive distribution network, Moonshot is dedicated to achieving rapid growth and expanding its reach throughout the country. With a robust workforce of…

New Delhi: Puneet Chandok, who recently resigned as the President of Commercial Services for Amazon Web Services (AWS) India and South Asia, is reportedly planning to join Microsoft India, according to sources familiar with the matter. Both companies are vying for dominance in the country’s rapidly growing cloud services market, driven by increasing customer demand. Sources indicate that Chandok has internally indicated his intention to join a competitor, with rumors of him joining Microsoft circulating for several months. Chandok declined to provide details when approached for comment, while a Microsoft spokesperson also refrained from commenting on the matter in response to email…

New Delhi: Walmart’s stake in PhonePe, the digital payments giant, has reportedly decreased to approximately 85% by the end of April. This marks a decline from the previous ownership of 89% three months prior. PhonePe initiated a fundraising plan to raise funds amounting to USD 1 billion, during which it sold new shares. Walmart, the parent company of PhonePe, disclosed in its quarterly report to the US Securities and Exchange Commission that it raised USD 0.5 billion in fresh equity fundraising for its majority-owned subsidiary PhonePe during the three months ending on April 30, 2023. As a result, Walmart’s stake in…

Ahmedabad: The National Commission for Women (NCW) in collaboration with the Entrepreneurship Development Institute of India (EDII) has announced the launch of 100 Entrepreneurship Awareness Programmes (EAPs) for potential women entrepreneurs across the country. The first EAP out of the 100 to be organised across the country was launched in Ujjain on Friday, by Chief Guest, Shri Mangubhai Patel, Hon’ble Governor of Madhya Pradesh and Guest of Honour, Dr. Munjpara Mahendrabhai, Hon’ble Minister of State, Ministry of Women and Child Development, GoI, in the presence of dignitaries including Smt. Rekha Sharma, Chairperson, NCW; Dr. Sunil Shukla, Director General, EDII; and Smt.…

New Delhi: The WorldGrad, one of the leading study abroad programs platforms, has surveyed to understand students’ preferences for studying abroad in the coming year (23-24). According to the survey, 65% of undergraduate and 55% of postgraduate students are looking to go overseas within the next 12 months.  The survey also reveals that 65% of the respondents are planning to go overseas within the next 12 months, while the remaining 35% are planning to go beyond the 12-month timeframe. Apart from this, 55% of postgraduate students are looking to go overseas within the next 12 months. The survey reiterates that employment opportunities…