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Amazon Partners With Kickstarter and HAX

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Amazon Partners With Kickstarter and HAX,Startup Stories,2017 Business New Updates,Amazon Business News 2017,Amazon India Partners With Kickstarter,Amazon Brings Kickstarter and HAX to India,Amazon India launches startup challenge,Startup C-Cube Challenge,Amazon Launchpad first anniversary in India,Amazon India Launchpad program

Amazon India the Indian arm of the global ecommerce company Amazon, announced a new collaboration called Startup C-Cube, with crowdfunding platform Kickstarter and seed accelerator HAX. Amazon India, through this collaboration, is gearing towards creating a conducive environment for early stage product startups in the country.

On the occasion of Amazon Launchpad’s first anniversary in India, Amazon.in launched a special contest to identify and support product startups in India. One successful startup will receive funding and mentorship to scale its offerings in India. The winning startup would also be supported by the three companies throughout the entire “concept to customer” journey to launch their product across European and US markets as well as in India.

Speaking about the partnership, the Vice President of Category Management, Amazon India, Manish Tiwary said, “Business growth of some of the startups on Amazon Launchpad has elicited interest in these startups, from VCs as well as other funding agencies in the last one year. We are very happy to bring Kickstarter and HAX to India to give Indian startups an opportunity to get their ideas noticed at the global stage and arm them with resources to convert these into real business opportunities.

The collaboration aims to connect Indian startup communities with like minded people, showcase their ideas and grow them into real business opportunities while additionally supporting the Government’s ‘Startup India’ initiative. This partnership will also provide HAX and Kickstarter an introduction to the Indian startup ecosystem.

Amazon claims over 17,000 products across various categories by startups have made their way to through the Launchpad program which was launched in December last year. Launchpad provides a platform to help Indian startups increase their customer base in India and abroad. To reach the maximum number of startups across India, Amazon also partnered with the Department of Industrial Policy and Promotion’s Startup India Initiative, Nasscom 10,000 startups and Indian Angel Network.

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Piyush Anchliya Joins Cashfree Payments as CFO Amid Expansion in India’s Fintech Sector

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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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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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Delhivery’s Acquisition of Ecom Express: A Major Consolidation in Indian Logistics

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Delhivery, one of India’s leading logistics companies, has announced its acquisition of Ecom Express in an all-cash deal valued at ₹1,407 crore. This strategic move marks one of the largest consolidations in the logistics sector and is expected to enhance Delhivery’s scale, profitability, and operational efficiency.

Background

Ecom Express, founded in 2012 and headquartered in Gurugram, has faced significant financial challenges recently. The company canceled its IPO plans in 2024 and laid off hundreds of employees due to operational setbacks, including losing a major client, Meesho, which shifted to its in-house logistics service Valmo. These struggles led to a distressed sale, with private equity investors like Warburg Pincus and Partners Group exiting their stakes entirely.

Strategic Benefits for Delhivery

  1. Enhanced Scale: The acquisition will strengthen Delhivery’s network reach and infrastructure, enabling better service delivery across India.
  2. Operational Synergies: Combining operations with Ecom Express will improve efficiency and reduce costs through economies of scale.
  3. Competitive Edge: With Ecom Express as a subsidiary, Delhivery solidifies its leadership position in the logistics space by offering broader coverage and faster services.

Challenges Addressed

The acquisition mitigates risks from Ecom Express’ financial struggles while addressing past disputes between the two companies over inflated shipment volumes reported by Ecom Express during IPO filings.

Future Outlook

The deal is expected to close within six months after regulatory approval from the Competition Commission of India (CCI). Post-acquisition, Ecom Express will operate as a subsidiary of Delhivery, unlocking new growth opportunities such as advanced logistics technology integration and expanded customer reach.

With ₹5,488 crore in cash reserves as of September 2024, Delhivery is well-positioned to finance this acquisition without compromising financial stability. This move underscores Delhivery’s commitment to innovation and efficiency in India’s rapidly evolving logistics landscape.

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