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Alibaba Launches First Cloud Data Center In India

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In an attempt to expand its fast and quickly growing economy, Alibaba launches its first cloud data center in India. According to reports, this China based firm will come online in January 2018 and will be based out of Mumbai.

Beyond offering the basic cloud based services, this new data center is also going to provide large scale computing, storage and big data capabilities. Further, this centre will give Indian customers access to elastic computing, database, storage and content delivery, networking, analytics and big data, containers, middleware, and security.

The new Alibaba data center will have 33 zones, spanning over regions like China, Hong Kong, Singapore, Japan, Australia, the Middle East, Europe and the United States. This move comes in a fight against the likes of AWS, Microsoft, Azure and Google Cloud.

To make the services more streamlined, Alibaba has employed a group of local professionals. Interestingly, this is going in line with Alibaba’s work in helping small and medium sized businesses grow and generate more revenue. In the past, Alibaba has made major investments in three different companies in India. These include Paytm, TicketNew and BigBasket. The totality of these investments come up to about $ 1 billion.

Established in 2009, Alibaba has partnered with Global Cloud Xchange (GCX,) a subsidiary of Reliance Communications and Tata Communications (TCS.) GCX enables direct access to Alibaba Cloud Express via GCX’s CLOUD X Fusion. On the other hand, Tata Communications provides direct access to Alibaba Cloud Express Connect through its  IZOTM Private Connect service.

Indian enterprises are innovative and operating in growth sectors, and we look forward to empowering them through our cloud computing and data technologies. As we build out the Alibaba Cloud network globally, India is another important piece that is now firmly in place,” Simon Hu, Senior Vice President of Alibaba Group and president of Alibaba Cloud, said in a statement.

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PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

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PhonePe

PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

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Piyush Anchliya Joins Cashfree as CFO Amid Fintech Boom

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Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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Flipkart’s Jeyandran Venugopal Likely to Join Reliance Retail as CEO

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Flipkart - StartupStories

Jeyandran Venugopal, the outgoing Chief Product and Technology Officer of Flipkart, is set to become the CEO of Reliance Retail Ventures (RRV), the retail arm of Reliance Industries. His appointment, expected to be finalized in May after his exit from Flipkart, signals Reliance’s push to strengthen its retail business with a technology-first approach.

Venugopal brings extensive experience from leading roles at Flipkart, Myntra, Yahoo, Snapdeal, and Amazon, where he focused on scaling technology platforms and driving innovation. At Flipkart, he managed product, engineering, data science, and more, helping build robust systems and improve user experience.

His move comes as Reliance Retail undergoes transformation, including cost-cutting and a renewed focus on digital growth. Venugopal’s leadership is expected to accelerate Reliance’s ambitions in omnichannel and tech-driven retail, positioning the company for continued dominance in India’s evolving market.

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