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Reliance Jio Helps India Save $10 Billion?

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Reliance Jio Helps India Save $10 Billion,Startup Stories,2018 Latest Business News,Startup News India,Reliance Jio Helps India,Reliance Jio Annual Savings for India,Reliance Jio Business News,Reliance Jio Entry in India Telecom,Mukesh Ambani Reliance Jio,Indian Economy

The Institute For Competitiveness, in a report, said Reliance Jio’s entry in India’s telecom market in 2016 led to $10 billion in annual savings for India and an unprecedented surge in data consumption.

According to the report, Jio made Internet and data affordable and accessible and this led to a $10 billion annual savings for India and an unprecedented surge in data consumption. This drop in cost brought the internet within the reach of a larger proportion of the Indian population. In a report released on Thursday, the International Finance Corporation said, “Within six months of Jio’s launch, India became the highest mobile data user in the world, consuming over 1 billion GB of data every month compared to 200 million GB earlier.”

IFC’s report further states assuming that every consumer uses 1 GB of data a month, this would translate to financial gains to the economy by estimating the benefit to all 350 million internet subscribers in the country. Changing the dynamic of the telecom industry completely, Jio triggered a tariff war unlike any other helping India dethrone the US in app downloads and coming in second only to China.

As per most recent estimates, the Mukesh Ambani led, Jio users on an average consume almost 10 GB of data, 700 minutes of voice and 134 hours of video every month. In a recent event, Mukesh Ambani, speaking about Jio, also said, “Today Jio is not the largest network in India, it is the largest network in the world. Jio has made voice free for life.” IFC also claims Jio will help expand India’s per capita GDP by about 5.65% in the coming years if everything else is kept constant in the economy.

Using data from 18 states for the period 2004 to 2014, IFC analyzed Jio’s entry to measure the impact of internet penetration on economic growth. The analysis showed a 10% increase in internet penetration that led to a per capita GDP growth by 3.9%.

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Swiggy Unveils Pyng: AI App Linking Users to Verified Pros

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Swiggy - StartupStories

Swiggy has launched Pyng, a new app aimed at connecting consumers with verified professionals across over 100 specializations, including yoga instructors, financial advisors, tutors, and event planners. Currently live in Bengaluru, Pyng uses AI to match users with trusted experts and offers a money-back guarantee for unsatisfactory services.

The app also provides professionals with tools to manage bookings, track payments, and schedule services efficiently. This marks Swiggy’s entry into the professional services marketplace, expanding beyond its core food delivery and quick commerce businesses. Pyng is available on both iOS and Android, with plans for a nationwide rollout.

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Eat Better Secures ₹17 Crore in Pre-Series A Funding

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Eat Better, a Jaipur-based D2C snacking brand, has raised ₹17 crore in a Pre-Series A funding round co-led by Prath Ventures and Spring Marketing Capital. Founded by Vidushi Kanoria, Mridula Kanoria, and Shaurya Kanoria in 2020, Eat Better specializes in healthy snacks like dry fruit ladoos and nuts.

Key Highlights:

  • Investment Use: Funds will expand Eat Better’s product line and enhance its presence on quick commerce platforms.
  • Market Position: Competes with brands like Happilo and Yoga Bar in the healthy snacking space.
  • Operational Milestones: Fulfills over 2 lakh orders monthly.
  • Financial Performance: Revenue grew nearly threefold to ₹14.47 crore in FY24, with a reduced net loss.

Market Opportunity:

The Indian food and beverages market is projected to reach $68 billion by 2030, positioning Eat Better favorably to capitalize on the demand for healthy snacks. With this funding, Eat Better aims to strengthen its market presence and product offerings.

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Outzidr Raises ₹30 Crore to Transform Gen Z Fashion

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Bengaluru-based D2C fashion startup Outzidr, co-founded by Nirmal Jain, Mani Kant Mani, and Justin Mario, has secured ₹30 crore in seed funding led by Stellaris Venture Partners, with participation from angel investors like Ramakant Sharma (Livspace) and Ghazal Alagh (Mamaearth).

Launched in February 2025, Outzidr targets Gen Z women aged 17–27 with affordable occasion-specific apparel such as partywear and travel outfits. The brand introduces over 2,000 new designs monthly and uses a “test-and-react” model to scale popular styles based on early sales data. With an agile inventory cycle of less than three weeks, it plans to shift 90% of manufacturing to India within two years for sustainability.

The funds will bolster supply chain efficiency, technology development, team expansion, and brand-building. Outzidr aims to achieve ₹100 crore annualized revenue within 6–8 months through its D2C platform and marketplaces like Myntra, Nykaa Fashion, and AJIO.

Led by industry veterans with expertise in fashion and logistics, Outzidr is poised to capitalize on India’s growing D2C market fueled by Gen Z’s demand for trendy and affordable fashion.

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