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SoftBank and Others Join Ecommerce Lobby Group Indiatech

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SOFTBANK AND OTHERS JOIN ECOMMERCE LOBBY GROUP INDIATECH,Startup Stories,SoftBank Group joins ecommerce lobby group Indiatech,E-commerce startups launch a lobby group Indiatech.org,Indian Internet companies set up Indiatech.org to lobby against global players,Indian E-Commerce Groups Plan to Launch Indiatech.org,Indian Startups Seek Protection From Foreign Firms Launch Their Lobby IndiaTech.Org

SoftBank, along with Matrix Partners and Kalaari Capital have joined the Indian industry lobby group Indiatech.org. Indiatech aims to represent local ventures seeking protection from resourceful global rivals.

The venture capital firms will reportedly provide financial and strategic expertise to the Indiatech member companies and help them fight against foreign rivals such as Amazon, Alibaba and Uber. Confirming the news, a spokesperson for SoftBank said, “Our intent is to work with the government to support the development of the rapidly evolving Internet ecosystem in the country and we hope the organization would facilitate this.

Japanese major SoftBank has significant stakes in Indian companies like Flipkart, Ola, OYO Rooms, Paytm, Grofers and Snapdeal among others. Notably, all these companies are facing fierce competition from global rivals like Amazon, Uber and Airbnb. However, SoftBank’s move to join the lobby group is of particular importance as the venture capital firm is on the cusp of closing a deal with San Francisco based cab hailing startup, Uber.

Speaking about SoftBank’s involvement with the lobby group, a source close to the development said, “SoftBank has got the highest stakes in all these major companies so it has decided to back the association as their portfolio companies have major foreign rivals.”

Headed by the founder of the ecommerce firm Flipkart, Sachin Bansal, the group will represent the interests of local ventures for favorable laws in the digital commerce market space. The group believes the Indian government should make policies favoring domestic startups as some of these companies are struggling to fight competition from global players. Former Indian Administrative Service (IAS) officer and economist, Gyanendra Badgaiyan, has been appointed as the chief executive officer of the nonprofit organization.

Sachin Bansal and Ola cofounder Bhavish Aggarwal were the first entrepreneurs to raise their voices against the aggressive spending by global companies. Along with SoftBank, investors such as Tiger Global Management, Steadview Capital and Accel India were also invited to be a part of the initiative. The lobby group will also focus on issues like job creation, skills training and providing resources to scale up Internet businesses.

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PayU Gets Final RBI Nod to Operate as Payment Aggregator Ahead of 2025 IPO

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PayU India, owned by Prosus, has received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator, a year after getting in-principle approval in April 2024. This authorization allows PayU to onboard new merchants and offer digital payment solutions, joining other major players like Razorpay, CCAvenue, and BillDesk.

The RBI’s nod comes as PayU prepares for its planned IPO in the second half of 2025, following a delay from its original 2024 timeline due to market conditions. The company, which serves over 450,000 merchants, reported $319 million in revenue from its core payments and credit business in the first half of FY25.

PayU stated that the approval will help it build a resilient, compliant, and innovation-driven institution, supporting merchants of all sizes and advancing the Digital India vision. The company has also strengthened its risk management and expanded its presence in real-time payments through a strategic stake in Mindgate Solutions.

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Google’s Iconic ‘G’ Logo Gets First Update in 10 Years

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Google has refreshed its iconic ‘G’ logo for the first time in nearly 10 years, replacing the familiar solid blocks of red, yellow, green, and blue with a smooth, vibrant gradient that blends these colors seamlessly. This subtle update gives the logo a softer, more fluid, and modern appearance, aligning with Google’s evolving digital identity and current design trends.

The new gradient transitions smoothly from red to yellow, yellow to green, and green to blue, making the logo more visually appealing and adaptable across various devices, especially on mobile platforms. This redesign also reflects Google’s growing emphasis on artificial intelligence, echoing the gradient style used in the branding of Google Gemini, the company’s AI-generative assistant.

The updated ‘G’ logo has started rolling out on iOS through the Google Search app and on some Android devices, particularly Pixel phones running the Google app beta version 16.18. However, most other platforms, including the web and non-Pixel Android devices, still display the classic solid-color logo. A wider rollout is expected in the coming weeks.

So far, Google’s main wordmark and other product logos like Chrome, Maps, and Gmail remain unchanged. Given the shift toward gradient designs and AI-inspired visuals, similar updates to other Google icons may follow in the future.

In summary, this first major update to the ‘G’ logo since 2015 signals a subtle but meaningful shift in Google’s branding strategy, blending tradition with innovation as the company deepens its focus on AI and modern design aesthetics.

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Ixigo Halts Bookings for Flights and Hotels to Turkey, China

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Indian online travel platform ixigo has suspended all flight and hotel bookings to Turkey, China, and Azerbaijan in response to these countries expressing support for Pakistan after India’s military strikes-dubbed ‘Operation Sindoor’-against terror bases in Pakistan and Pakistan-Occupied Kashmir. The move, announced by CEO Aloke Bajpai on X, was described as an act of solidarity with India during heightened diplomatic tensions following the Pahalgam terror attack.

ixigo’s decision aligns with similar actions by other Indian travel companies, including EaseMyTrip and Cox & Kings, which have also restricted travel services to Turkey, China, and Azerbaijan. The suspensions come amid widespread calls for boycotts after these countries condemned India’s military response and backed Pakistan.

The travel industry’s collective response underscores how geopolitical developments are influencing business decisions, with Indian companies emphasizing national interests and unity in the face of international criticism

 

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