Samsung Venture invests $7 million in Magicpin
The e-commerce start-up said the funds will be used mainly for business expansion and development of new products.
Amazon enters Indian food delivery market
The e-commerce giant launched its food delivery service, called Amazon Food, in select parts of Bengaluru. Amazon forayed into food delivery segment in India to diversify its business. The e-commerce giant launched its food delivery service, called Amazon Food, in select parts of Bengaluru. The firm has been planning to enter the segment for a long time and piloted in few cities. With select pilots in Bengaluru, the company is looking to provide ‘contactless delivery’ of food from local restaurants, [...]
India sends out a loud message: Follow the law
Indian Commerce Minister Piyush Goyal’s rebuke of Amazon chief Jeff Bezos, during his recent visit to India, needs to be seen in the context of the e-commerce giant’s alleged predatory and anti-competitive practices that threaten the livelihoods of millions in India’s largely unorganised retail sector. Highlights: Indian Commerce Minister Piyush Goyal’s criticism of Amazon chief Jeff Bezos was an unprecedented move. The rebuff from the government and the traders’ protests come at a time when India’s anti-trust regulator, the Competition [...]
UPI – India’s innovation for the world
Rahul Chari is the Co-Founder and CTO of PhonePe, a leading Indian digital wallet company. In this interview, he gives an insight into the company’s plans...
India-UK cyber security cooperation: The way forward
A strategic expert points out areas that the UK and India can focus on to improve cyber security cooperation. Highlights: Cyber issues constitute an important aspect of the India-UK security relationship. Non-state entities based in Russia, China and the US are the main sources of cyberattacks against India due to their domination in areas including the smartphone market and fibre optic routes. UK and India need to engage more deeply on countering online radicalisation, extremism and terrorism. It is [...]
New payment opportunities fill in the e-commerce gap for small businesses in India
The head of a financial services company lays out the importance of new payment opportunities for India’s burgeoning small and medium business (SMB) sector. The number of small and medium businesses in India is growing by leaps and bounds, with a quick-evolving landscape estimated to have swelled to 48 million businesses over the past decade. With a long, local and cash-only history, many Indian SMBs are finally selling their products and services online, marketing to shoppers beyond their own area [...]
Digital economy boom is empowering SMEs in India
E-commerce has provided a plethora of unexplored possibilities for sellers to expand their business and scale greater heights, writes an Amazon India expert. One of the best parts of my job is that I get to travel across India quite frequently. Wherever I go I am struck by the fact that it is small businesses that are at the heart of the communities there. It is not a stretch to say that small businesses keep the giant Indian economy humming. [...]
India’s e-commerce policy caught between a rock and a hard place
India’s Draft E-Commerce Policy has set off a fierce debate in India about discounts, control and, most importantly, data security. The Indian government is reworking the Draft E-commerce Policy it had released earlier following criticism mainly from foreign players and several independent analysts. In particular, the draft drew criticism for its alleged bias in favour of protectionism and for making the domestic RuPay card, promoted by the National Payments Corporation of India (NPCI), the mandatory payments gateway. It had also [...]
2019 the Year for Indian Startups
With India busy with elections and the UK gearing up for Brexit, 2019 looks to be an eventful year for both for Indian and UK start ups. 2019 is going to be an eventful year both for India & UK. While India will get busy with elections and the UK gears up for Brexit and beyond. Amidst these events it’s not just going to be business as usual but it’s going to be a more eventful year as compared to [...]
Investments flow into India tech, auto
From Japanese to American companies, the Indian technology and automotive sectors attracted FDI in recent weeks. SoftBank, Alibaba to invest in Paytm Tokto-headquartered SoftBank Group is investing $400 million in India’s Paytm E-Commerce Pvt Ltd in a funding round that will value the online retailer at roughly $1.9 billion, a regulatory filing showed this week. Chinese conglomerate Alibaba, an existing investor in Paytm E-Commerce, is also putting in $45 million in the round. SoftBank, which is among major investors in [...]