daily review (December 15, 2021)

by admin
daily review (December 15, 2021)


Amazon.in crosses a milestone of 10 lakh sellers

Amazon India has announced that over 10 lakh sellers are now selling on Amazon.in from across India. More than 90 percent of sellers on Amazon.in are said to be small and medium-sized local enterprises (SMBs) and over half of these sellers on the marketplace come from tier-II and tier-III cities.

The company says that since January 2020, more than 4.5 lakh new sellers have joined Amazon.in, and over one lakh of these new sellers are local offline retailers and neighborhood stores that have opted-in to the Amazon marketplace. through the Local Shops on Amazon program.

ANRA and Swiggy have successfully conducted over 300 drone food and medicine delivery trials

ANRA Technologies Private Limited and Swiggy conducted India’s first end-to-end drone delivery trials in support of a project commissioned by the Directorate General of Aviation (DGCA) and the Ministry of Civil Aviation (MOCA) to prepare the next set of drone rules for commercial Beyond Visual Line of Sight (BVLOS) operations.

A total of 352 drone trials were conducted for more than 100 flight hours covering 1,100 kilometers of incident-free operations. The flights consisted of multi-rotor drones operating on ANRA’s SmartSkies CTR and SmartSkies DELIVERY software platforms delivering products from Swiggy. The ANRA flight team conducted these tests at the Indian Institute of Technology Ropar campus, Punjab and in Eta district, Uttar Pradesh.

Signzi brings in ex-business head of PayPal India as chief growth officer

Activator of banking infrastructure Signs, announced the addition of Siddharth Dhamija as their Chief Growth Officer (CGO) to strengthen their global expansion in Europe, the Middle East and Africa (EMEA). and the Asia Pacific (APAC) regions. The announcement follows Signzy’s recent entry into the UAE and the continued expansion of C-suite leaders in the region.

Siddharth brings more than 25 years of experience growing the payments and enterprise businesses of leading fintech brands including PayPal and Razorpay. He has also spent significant time working with emerging markets during his tenure at Subex UAE.

Tarun Katial’s EVE WORLD acquires ‘Femcy’, a personalized menstrual health solution

Eve World — launched in October 2021 by Tarun Katial, Aparna Acharekar and Rajneel Kumar and backed by Jungle Ventures — announced that it has acquired Femcy, a femtech brand focused on personalized menstrual health solutions.

The move is in line with Eve World’s commitment to providing meaningful conversations, high-quality content and curated services to its users. Founded by Nandhini Gopal, Femcy has built a complete menstrual health and nutrition solution and has an engaged community that is a perfect fit for Eve World, the women-only platform built on the pillars of sisterhood and empowerment.

Eve World will use this acquisition to move closer to presenting its consumers with a complete experience in entertainment, infotainment, knowledge streams and much more on its technology-enabled utility platform.

Stellapps enters into a 5-year partnership with Nutreco to improve animal nutrition

Stellapps has announced a five-year partnership with Trouw Nutrition, the animal nutrition division of Nutreco. With this partnership, Trouw Nutrition’s products will impact Stellaps’ entire customer base of 2.8 million farmers across 36,000 villages.

The partnership follows a successful 10-month pilot project with 5,500 farmers in Uttar Pradesh and Kolar, Karnataka, which saw the use of Trouw Nutrition products, alongside mentoring and training, and led to improvements in farm output such as milk yield and profitability.

Plum partners with Razorpay Rize to sponsor health insurance for early-stage startup founders

Launch of employee health insurance, plum has partnered with Razorpay Rize, the recently announced startup startup platform, to offer exclusive group health benefits to early-stage founders. Plum aims to reach over 1,00,000 new businesses and entrepreneurs. This partnership with Razorpay Rize brings to fruition Plum’s vision to help startups create a culture of “employee health and wellness from day one.”

Through this association, Plum aims to take an industry-first approach to helping startups with less than 10 employees get insured and provide them with best-in-class health benefits.

Fisdom Stock Broking acquires one lakh customers within 45 days of its launch

fraudwealth technology platform, through its newly launched stock broking services has acquired one lakh customers in the first 45 days and aims to become one of the top five digital stock platforms in India by the end of 2022.

Fisdom aims to become one of the top players in the country, cemented on its unique proposition of the cheapest, widest and fastest digital brokerage solutions. This will be achieved through unlimited subscription deals, products across asset classes and best-in-class technology solutions to handle volume growth with a superior customer interface.

Plant-based meat startup GoodDot signs Neeraj Chopra as its brand ambassador

GoodDot, a plant-based meat startup in India, has appointed Olympic gold medalist Neeraj Chopra as its brand ambassador. Neeraj will be a key part of GoodDot’s mission to raise awareness of the new plant-based meat category and enable people to make healthier and more compassionate food choices.

The association will also strive to spread the message that small changes in lifestyle and food choices can go a long way in making the world a better place.

Image source: Shutterstock

WhatsApp enables financial inclusion in 500 villages in India with ‘Digital Payments Utsav’

To accelerate financial inclusion in India, WhatsApp has announced its pilot adoption program in 500 villages in Karnataka and Maharashtra, aiming to give villagers access to digital payments through ‘WhatsApp payments’.

The announcement was made at Fuel For India 2021 – Meta’s annual event in India that showcases the positive impact and socio-economic transformation delivered by the family of apps.

The pilot called ‘Digital Payments Utsav’ was launched on October 15, 2021 at Kyathanahalli village in Karnataka’s Mandya district, where field facilitators introduced villagers to various aspects of digital payments, including UPI registration, UPI account creation and the most good safety practices when using digital payments.

Teachmint acquires course sales platform Teachmore to expand its offerings for educators and creators

Edtech startup Teachmint acquired Teachmore, a course selling platform that allows teachers to sell educational products such as online courses, live classes, quizzes and more. This cash-plus-stock deal marks Teachmint’s first acquisition since its $78 million Series B funding round.

Following the acquisition, Teachmore will continue to operate independently while integrating into the Teachmint platform to deepen the company’s level of business support for its teachers.

The acquisition is in line with Teachmint’s goal of empowering educators around the world with world-class infrastructure that helps them digitize classrooms and future-proof them. With Teachmore on board, Teachmint will further expand its ed-infra offerings to enable teachers, freelancers and creators to build a global teaching business by sharing their knowledge and passion with ease.

Paytm has launched Paytm Wealth Academy, a technology-based education platform for traders and investors

A fintech giant Paytm, owned by One97 Communications Limited, has announced the launch of Paytm Wealth Academy, a technology-based education platform. The Wealth Academy launch is initially on the Paytm Money app, the wealth management app owned by Paytm’s wholly-owned subsidiary Paytm Money.

Paytm Wealth Academy will allow users to learn trading and financial concepts at their own pace and comfort level. The platform offers an extensive catalog of courses and webinars along with personalized recommendations for users, selected to complement their existing knowledge.

There are more than 70 courses and webinars available on a variety of topics and languages, with new courses added every week. These will be available through one-year subscriptions or paid individual webinars.

Flipkart partners with Sony Entertainment Television’s Shark Tank India, extends its commitment to foster entrepreneurship in the country

Flipkart announced its partnership with Sony Entertainment’s upcoming show Shark Tank India, a globally renowned business reality show. Shark Tank India will provide a platform for business ideas, business prototypes or active businesses to be evaluated by seasoned investors and business experts (aka the Sharks) for investment.

Produced by StudioNEXT, Shark Tank India will premiere on December 20 and will air every Monday-Friday at 9:00 PM on Sony Entertainment Television.

As part of this partnership, several Flipkart sellers will also be able to pitch their business ideas to the Sharks, giving them the opportunity to seek potential investment. Additionally, the products of many participants (entrepreneurs) of Shark Tank India will be featured on Flipkart, India’s local e-commerce marketplace, giving them access to millions of users across India.

Team CollegeDekho

CollegeDekho.com forays into ed-fintech

CollegeDehoIndia’s largest college admission and higher education services platform, has recently entered the ed-fintech vertical to offer end-to-end financial solutions at zero percent EMI for students studying in India or abroad.

It is a digital journey for students whose documentation is available online as the web based loan marketplace covers the entire loan sanctioning process and helps them get instant approval and disbursement within a day.

The company will strive to cater to the financial needs of students and parents across India to help them achieve their educational goals. Initially launched as a pilot, CollegeDekho works closely with colleges and students to make the solution inclusive and easy to apply. This service today covers almost 1000 partner colleges and aims to expand to 2500+ colleges by next academic year.


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