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India Israel Innovation Bridge – Applications Open

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India Israel Innovation Bridge India Israel Innovation BridgeRemove term: India and Israel India and IsraelRemove term: Israel Innovation Authority Israel Innovation AuthorityRemove term: Prime Minister Narendra Modi Prime Minister Narendra ModiRemove term: Startup Stories Startup StoriesRemove term: 2017 Latest Business News 2017 Latest Business NewsRemove term: PM Modi PM ModiRemove term: Prime Minister of Israel Prime Minister of Israel

India and Israel, during Prime Minister Narendra Modi’s visit to the country, launched a bilateral innovation challenge for startups in both the countries, called the India Israel Innovation Bridge.

The Israel Innovation Authority along with the Department of Industrial Policy and Promotion (DIPP) will be managing the online platform together to facilitate bilateral cooperation between startups, tech hubs, corporations and other key innovation ecosystem players. The initiative aims to host an innovation challenge for Israeli and Indian startups to combine forces and develop solutions for some of the world’s most critical challenges.

The Innovation bridge, launched by Indian Prime Minister Narendra Modi, along with the Prime Minister of Israel, Benjamin Netanyahu, aims at leveraging Israel’s strengths in technology with Indian market access to bring together both of the startup ecosystems. The challenge will be hosted on an online platform and will provide comprehensive guides and toolkits to help startups explore expansion opportunities.

A joint panel of judges will select entrepreneurs from India and Israel, as a part of the challenge to give an opportunity to further develop their solutions through a unique program managed by Invest India and Israel Innovation Authority. The selected startups will have access to cross border mentorship, incubation and acceleration prizes and the opportunity to interact with end users, investors, corporations and other potential partners in both the countries. iCreate from Ahmedabad and  T-Hub from Hyderabad along with Pears Program for Global Innovation (Israel,) have already committed to be the incubation partners for the program.

Along with the opportunity to participate in an exclusive co creation summit in India with industry leaders, experts and potential partners, the participating startups will also get a $ 7, 820 (Rs. 4.6 Lakhs) cash prize. The applications for the online challenge is now open and will close on November 10, 2017. The annual challenge will be conducted in three areas, namely health, agriculture and water.

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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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