Connect with us

Latest News

Flipkart, Ola And Other Set Up Lobby Group Indiatech.org

Published

on

Flipkart, Ola And Other Set Up Lobby Group,Lobby Group Indiatech.org,E-commerce startups launch lobby group,Flipkart and Ola Launch Lobby Group,Flipkart founder Sachin Bansal,Ola founder Bhavishg Aggarwal,Home Grown Startups Indiatech,Startup Stories,Latest Business News 2017

Homegrown internet companies are coming together to launch an industry body, Indiatech.org, to solely fight for local companies and battle against ‘deep pocketed’ global competitors. Internet startups such as the ecommerce firm Flipkart, ride hailing startup Ola, travel portal MakeMyTrip and others are reportedly in talks to create a lobby group focused on weeding out competition from foreign players like Amazon and Uber. The formation of the lobby group has been in the works for over a year now and aims to provide a cohesive voice and structured platform to local players.

The lobby group, which will be led by Flipkart founder Sachin Bansal, will represent the interests of local ventures for favorable laws in the digital commerce market space. It will function as a  nonprofit organization which will also focus on issues like job creation, skills training and providing resources to scale up Internet businesses.

A news daily reported, online classifieds player Quikr and messaging application Hike are the other founding members of the group. Sachin Bansal, as the founding president and chairman, will appoint an ex-IAS officer as the CEO for the group by next month. The formation of the lobby group, which plans to become the Nasscom of the startup space, signals an aggressive stance by the country’s top Internet entrepreneurs in promoting homegrown companies.

The aim of the body will be to push the government to make policies favoring domestic startups as some of these companies are struggling to fight competition from global players. Ola founder Bhavishg Aggarwal and Sachin Bansal were the first entrepreneurs to raise their voice against the aggressive spending by overseas companies. The group has also invited investors such as SoftBank, Tiger Global Management, Steadview Capital, Accel India and Matrix Partners India, to be a part of the initiative.

In June this year, the All India Online Vendors Association (AIOVA) also asked the government to institute a regulator for the ecommerce sector.  AIOVA has reportedly requested for a grievance cell for online sellers and a set of accounting and auditing standards.
 

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Apple to Shift Entire US iPhone Assembly to India by 2026

Published

on

Apple - StartupStories

Apple is set to relocate all assembly of iPhones destined for the US market from China to India by the end of 2026, marking its biggest manufacturing shift in decades. The move is driven by escalating US-China trade tensions and steep tariffs—up to 145% on Chinese imports—making Chinese assembly increasingly costly for Apple. Although some smartphone imports are temporarily exempt, a 20% duty still applies to Chinese-made iPhones entering the US.

 

India, in contrast, offers a more favorable trade environment, with a paused 26% reciprocal tariff and ongoing negotiations for a bilateral trade deal with the US that could shield Indian exports from future levies. Apple plans to more than double its current iPhone output in India, aiming to assemble over 60 million units annually for the US market. The company already produces about 25% of its global iPhones in India, working with partners like Foxconn, Tata Electronics, and Pegatron.

 

This shift is part of Apple’s broader strategy to diversify its supply chain and reduce reliance on China amid geopolitical risks. However, the transition’s success will depend on how quickly India can scale up its manufacturing capabilities and the outcome of ongoing trade negotiations.


Continue Reading

Latest News

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

Published

on

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.

Continue Reading

Latest News

Piyush Anchliya Joins Cashfree as CFO Amid Fintech Boom

Published

on

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.

Continue Reading
Advertisement

Recent Posts

Advertisement