#TADSignals – Happenings in the business ecosystem you cannot miss- Weekly Report [08th-14th July 2018]

Startups News

# 1. 
E-vehicles are the future. Bloomberg’s recent New Energy Finance report has suggested that electric vehicles will form 7% of the new car sales in India by 2030. It further stated that “electric buses will surge even faster globally than electric cars as conventional vehicles fade.”

# 2. Govt To Set Up A Separate Wing To Monitor FDI In Ecommerce. The Special Group Will Comprise Of Officials From The Industry Department And Enforcement Directorate. The Enforcement Directorate (ED) will be handling violations, strengthening the implementation and enforcement of the guidelines.

# 3. Word of mouth is probably the most reliable form of advertising even today. Nearby Technologies is a fintech startup that empowers retailers through its mobile app, PayNearby and also helps retailers across the country earn additional revenues by offering digital financial services. This startup claims to have reached retailers in 5000 pincodes by just word of mouth.

#4. Facebook May Acquire Bloomsbury AI (To Combat Fake News )- which specialises in natural language processing (NLP) technology to help machines answer questions based on information gleaned from documents.

#5. Aadhaarcoin: India’s Own Crypotocurrency To Make Aadhaar Secure -India Can Leverage Its Rich Aadhaar Data To Launch Its Own Government-Backed Digital Currency

#6. Maharashtra Startup Week will help map innovations happening across the state, says government. The Startup Week was the Government of Maharashtra’s inaugural effort to provide a platform to the state’s vast entrepreneurial talent and saw pitches from 100 state startups in various sectors. 24 winners stand to receive work orders from the government.

#7. From Rs 240 to Rs 20 Cr, the story of Alkesh Agarwal of Re-Feel Cartridge Engineering is fascinating. Recently, Alkesh got featured I Yourstory for sharing his journey.

#8. Andhra Scores Highest In DIPP’s Ease Of Doing Business Index leaving behind the industry-focussed states such as Gujarat, Maharashtra, Tamil Nadu as well as Karnataka. Delhi Ranking Falls To 23rd. The next two spots for ease of doing business were grabbed by Telangana and Haryana respectively.

#9. Snapdeal And Shopclues Comes In Support Of  the government’s decision to reinforce Press Note 3 for FDI (foreign direct investment) implementation, stating that it will facilitate a level-playing field for marketplaces as well as sellers. 

#10.OYO Makes Its First Bet In IoT With Acquisition Of AblePlus – says AblePlus Will Help OYO Enhance And Strengthen Its Technology Portfolio

#11. BigBasket Aims To Reach $1 Bn Gross Sales Run Rate By FY19 End – is looking to touch $43.5 Mn in sales by September and $72.6 Mn by March 2019


#12. Alibaba-backed Chinese dockless bike rental company OFO has shut down its operations in India following the reports of the cash crunch as it fired most of its 30 employees team in India. Valued at $2 Bn, Ofo had a user base spread across 170 cities in China, Singapore, the US, Austria, Thailand, the UK, Russia, Italy, Australia and Kazakhstan.

#13. India Climbs To 57th Position In Global Innovation Index Rankings. India has climbed for the third year in a row, as it was ranked 66th in the year 2016. On the global front, Switzerland maintained its number one position in the Global Innovation Index rankings. Other countries that fell in the top 10 list were Netherlands, Sweden, the UK, the US, Finland, Denmark, and Germany.

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