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HDFC Launches SmartUp Zone In Bengaluru

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HDFC Launches SmartUp Zone In Bengaluru,Startup Stories,Inspirational Stories 2017,Latest Business News 2017,HDFC StartUp,Fintech Startups 2017,Top Engineering and Business Schools,HDFC Bank Opens SmartUp Zone,Bengaluru Latest News

India has taken to startups like fish take to water. In a move that attests to this fact, HDFC Bank, one of India’s largest private sector lender banks, is launching a $ 25 million to $ 30 million fund to invest in early stage ventures, called the SmartUp Zone in Bengaluru.

Apart from creating a fund, HDFC will also provide financial and legal services to the selected startups. The private sector lender announced early this week through HDFC StartUp, they would invest in about 65 startups across 30 cities in India.

The SmartUp zone is a sector that will be dedicated solely to help startups. Through this initiative, HDFC Bank is looking to tackle specific pain points of the startup community. For instance, the private sector bank is looking to help the investors demat their unlisted shares to make it easier for the investors to exit. HDFC aims to harness the potential of the startups and fintech ecosystem using a multi prolonged approach. In order to broaden their reach and cater to all startups located in Karnataka, the zones will be established in nine branches across Bengaluru.

Speaking about the launch of SmartUp Zones, Arun Mediratta, the Branch Banking Head of HDFC Bank said, “At HDFC Bank, we believe that startups need partners, who will be with them right from the start of their entrepreneurial journey, creating solutions that evolve as the company grows. With this in mind, we are working towards creating a complete ecosystem to nurture the spirit of innovation and enterprise in the startup space that will spur job creation and bring economic benefits to the country.”

Last month, the bank announced, through its Centre of Digital Excellence (CODE,) it will mentor and handhold fintech startups incubated at the country’s top engineering and business schools. Under their Industry Academia initiative, HDFC also partnered with over 50 institutes including IIT Bombay, IIT Roorkee and IIM Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship (CIIE.)

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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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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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