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Uttar Pradesh To Launch Biggest Incubator In India

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Uttar Pradesh To Launch Biggest Incubator,Biggest Incubator In India,Chief Minister Yogi Adityanath,biggest incubator,Uttar Pradesh Latest News,Startup Policy 2017,Startup Stories,Latest Business News 2017,Inspirational Stories 2017

Lucknow, Uttar Pradesh, is gearing up to establish the biggest incubator in India to provide assistance and funding to new businesses and startups. The announcement comes just a month after Chief Minister Yogi Adityanath set up a Rs. 1000 crores startup fund to encourage startup schemes in the State.

The proposed incubator will be built near the Lucknow airport on a 40 acre space and can cost up to $ 615 million (Rs. 4,000 crores) to support companies registered in Uttar Pradesh The selected startups will be funded by the Small Industries Development Bank of India . 

Speaking about the incubator, the Additional Chief Secretary of IT and Electronics, Sanjeev Saran, said the State is looking to review their startup policy as well as the financial assistance policy to provide better assistance and funding to new businesses and startups. In an effort to promote entrepreneurship in the State in an extensive manner, CM Yogi announced the state would give about $39,000 (Rs. 25 lakhs) to educational institutions to encourage self employment through startup projects. The Uttar Pradesh Government is also looking to launch a dedicated mobile app for startups to further promote entrepreneurship in an extensive manner.

A number of states have begun promoting startups through various startup policies in line with Prime Minister Narendra Modi’s initiative Startup India, Standup India. The Government of Bihar also enforced a new Bihar Startup Policy 2017 in March and set up a startup fund as a trust to act as the nodal agency for the implementation of this policy.

Invest India, the parent organization of the Startup India initiative, also joined hands with the Government of Assam in July this year, to launch its first startup policy. The Karnataka government also selected 100 startups through their Elevate program for mentorship and funding. According to IT Minister of Karnataka, Priyank Kharge, nearly 60% or close to 4,200 out of 7,200 startups in the country have registered with their newly launched Startup Cell. The Telangana, Karnataka and Kerala governments have also launched similar programs in their respective states to help startups grow and develop.

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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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