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Yourstory
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RBI lowers FY26 inflation projection to 4%
- The Reserve Bank of India has lowered the inflation projection for the current fiscal to 4%.
- The decline in food inflation and falling crude oil prices have contributed to the reduction in inflation projection.
- Good agricultural output, including a record wheat production and higher pulse output, is expected to soften food inflation.
- Assuming a normal monsoon, RBI projects CPI inflation for FY2025-26 at 4%, with Q1 at 3.6%, Q2 at 3.9%, Q3 at 3.8%, and Q4 at 4.4%.
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Yourstory
6d
268
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5 Google Apps Supercharged by Gemini AI You Need to Use Now
- Gemini AI has supercharged five Google apps, enhancing functionality and user experience.
- Gmail: Automates tasks such as drafting emails and summarizing threads.
- Google Docs: Facilitates dynamic document creation from drafting to finalizing.
- Google Sheets: Suggests formulas and generates data visualizations for advanced data analysis.
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Yourstory
6d
480
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Ola Electric ropes in EY to bolster regional compliance amid retail expansion
- Ola Electric Mobility has partnered with Ernst & Young to enhance regional compliance across its expanded retail network.
- The company is transitioning to a direct-to-store retail model and phasing out its warehouse-based distribution system.
- The shift aims to improve inventory turnover, reduce delivery time, and enhance the overall customer experience.
- EY will support Ola Electric in ensuring compliance readiness and standardizing processes in regional markets.
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Inc42
6d
359
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Apple Exported iPhones Worth INR 1.5 Lakh Cr From India In FY25: Vaishnaw
- Apple exported iPhones worth over INR 1.5 Lakh Cr ($17.32 Bn) from India in FY25, marking a 76% YoY jump and doubling its committed target under the PLI scheme.
- In the calendar year 2024, Apple's iPhone exports from India reached a record $12.8 Bn (around INR 1.08 Lakh Cr).
- FY25 witnessed the highest ever INR 2 Lakh Cr smartphone exports, translating to a 54% increase from the previous fiscal year.
- India is projected to contribute 17-18% of global iPhone production volume and 14% of its value by the end of the fiscal year.
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Startup Pedia
6d
336
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“Indian Entrepreneurs Can Build Smart Cities But Are Busy Building Brain-Dead Startups": Vionix Biosciences CEO
- Vivek Wadhwa, CEO of Vionix Biosciences, supports the comments made by Union Minister of Commerce, Piyush Goyal, about the Indian startup ecosystem.
- Wadhwa believes that Indian entrepreneurs are too focused on food delivery and gig work, instead of using technology to solve real problems.
- He suggests using the advanced sensors in smartphones to build smart cities and tackle issues like pollution.
- Wadhwa highlights India's advantage in the global AI race due to its vast and diverse datasets, stating it as a trillion-dollar opportunity.
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Yourstory
6d
338
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The Day KFC Ran Out of Chicken — And Turned Crisis into a Comeback: A Genius Marketing Move
- In early 2018, KFC faced a crisis when over 750 outlets in the UK ran out of chicken due to supply chain issues with a new logistics provider, DHL.
- The crisis led to widespread closures, public outcries on social media, and even calls to emergency services over the chicken shortage.
- KFC responded by embracing the situation with humor and transparency, releasing an ad with a rearranged 'FCK' logo and a heartfelt apology.
- Their honest and funny approach was well-received, with brand perception recovering quickly and customer sentiment shifting from outrage to admiration.
- KFC utilized a microsite for real-time updates on open restaurants and rehired their previous logistics provider in some regions to patch the supply chain issues.
- Despite the crisis, KFC's business bounced back stronger, with increased market share and positive sentiment reflecting effective crisis management.
- Lessons from the KFC crisis include the importance of transparency, humility, and owning up to mistakes to win customer loyalty and trust.
- The 'FCK' ad became a case study in crisis management, showcasing the power of authenticity and humor in diffusing a PR disaster.
- KFC's handling of the chicken shortage highlighted the significance of admitting errors, maintaining brand values, and engaging with customers openly.
- The incident serves as a timeless reminder that customer relationships are built on honesty and authenticity, even in today's tech-driven business landscape.
- Through this crisis, KFC proved that resilience, transparency, and a human touch can turn a seemingly catastrophic situation into a marketing triumph.
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Inc42
6d
276
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AgroStar Bags INR 58 Cr From Accel India, Others
- Agritech startup AgroStar has raised INR 57.6 Cr (around $6.7 Mn) in a funding round led by Accel India.
- Existing investor Accel India led the round, with participation from Aavishkaar India, Bertelsmann, Evolvence India, Chiratae Ventures, and Hero Enterprises.
- AgroStar leverages data and technology to bridge the knowledge gap and provide access to good-quality agri-inputs for farmers.
- The company operates in 11 Indian states, serving over 9 million farmers with its digital farmer network and agri-input platform.
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Yourstory
6d
125
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NPCI to decide on UPI merchant transaction limits, says RBI Governor
- The Reserve Bank of India (RBI) will allow the National Payments Corporation of India (NPCI) to revise the transaction limits for UPI payments made to merchants.
- The move is aimed at making the digital payments system more responsive to the economy’s needs.
- The new policy framework gives NPCI greater flexibility in calibrating limits for person-to-merchant (P2M) payments.
- However, limits on person-to-person (P2P) UPI payments will remain unchanged.
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Fintechreview
6d
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Stripe’s Success Story: Redefining Online Payments for the Digital Economy
- Stripe, founded in 2010 by Patrick and John Collison, revolutionized online payments by simplifying the process for developers.
- Stripe's success was driven by offering clean APIs, targeting developers and focusing on solving the core issue of online payments efficiently.
- They expanded strategically with products like Stripe Connect, Atlas, and Stripe Terminal, catering to various business needs with precision.
- Key partnerships with tech giants like Amazon and Google helped Stripe scale globally and embed its infrastructure in major platforms.
- Acquiring Paystack in 2020 marked Stripe's entry into Africa, proving its intent to become a global fintech leader.
- Stripe's innovation continued with AI integration for fraud detection and reintroduction of crypto payments using stablecoins on various networks.
- Stripe's API architecture, designed for the web, has been a cornerstone of its success, ensuring speed, flexibility, and ease of integration for developers.
- The company's steady growth, processing $1.4 trillion in payments in 2024, solidified its position as one of the most valuable private fintech companies.
- Operating in over 40 countries and supporting various currencies and payment methods, Stripe's global presence and continuous innovation are key to its success.
- Stripe's role extends beyond payments as it shapes the infrastructure of digital commerce, becoming a trusted and integral part of the internet economy.
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Yourstory
6d
2
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Zepto gets close to $4 billion in annualised gross order value
- Quick commerce unicorn Zepto is nearing $4 billion in annualised gross order value (GOV), marking a 4x year-over-year growth and 30% rise since January.
- Zepto Co-founder and CEO Aadit Palicha expressed confidence in being close to achieving EBITDA and operating cash flow breakeven within a few months, with reduced losses and improved cash flow.
- Zepto's newly launched dark stores are moving towards EBITDA breakeven, while the company considers the GOV of fruits and vegetables, subscription, and advertising as part of its overall revenue.
- Zepto Cafe has achieved a significant milestone by crossing 100,000 orders per day, with a gross margin of about 50% and a growing annualized GMV run-rate of $100 million.
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Startup Pedia
6d
289
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Social Gaming Startup Eloelo Raises Rs. 114 Cr After Reporting Zero Revenue And Rs 99 Cr Loss In FY24
- Bengaluru-based social gaming startup Eloelo reported zero operating revenue and Rs. 99 Crore loss in FY24.
- The startup raised Rs 114 crore in a fresh Series B funding round led by Play Ventures, with participation from existing backers Westbridge and Kalaari.
- Eloelo blends interactive gaming with creator-led live content, targeting Gen Z audiences, and aims to make its presence in India's online gaming industry.
- The startup had previously raised over $50 million in total funding, including a $22 million pre-Series B round led by Courtside Ventures and Griffin Gaming Partners.
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Insider
6d
264
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Fintech startup Ryft just raised $7.3 million to help marketplaces split payments. Here's its pitch deck.
- UK fintech startup Ryft has raised $7.3 million in Series A funding to expand its payment-splitting platform into new markets.
- Ryft provides tools for marketplaces, booking apps, and food delivery services to manage multi-party payments for what the startup calls "commerce 2.0".
- The funding round was led by EdenBase and included participation from GPOS Investments, British Business Bank, and others.
- Ryft is planning expansion into the EU and the US, focusing on international growth, hiring, and launching omnichannel payments.
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Yourstory
6d
272
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How FinRight is making PF withdrawals easy and error-free
- FinRight, a fintech startup founded by Amey Kanekar, aims to simplify the process of PF withdrawals and transfers, addressing issues like high rejection rates and lack of transparency.
- The platform provides a seamless digital experience through AI-driven automation and expert guidance, streamlining PF claims and reducing dependency on traditional intermediaries.
- During FY23, around 25.8% of PF withdrawal and transfer claims were rejected, highlighting the need for a more efficient solution like FinRight.
- FinRight's AI-driven model facilitates real-time eligibility assessment, error flagging, and expedited approvals, aiming to reduce rejection rates caused by incorrect details and missing documents.
- The startup directly interfaces with government systems, allowing users to complete the process with minimal paperwork, real-time tracking, and transparent status updates.
- In addition to PF services, FinRight offers assistance in insurance claims, home loan transfers, and optimizing in-hand salary, focusing on solving underserved financial problems.
- Operating on a fixed-fee model, FinRight has helped over 7,000 customers withdraw their PF, assisting in over 15,000 claims valued at Rs 300 crore since its inception.
- The startup plans to expand its services beyond PF withdrawals, aiming to address broader financial challenges like taxation, investments, and estate planning.
- FinRight is in discussions to raise $1.5 million to support its growth and innovation in providing intelligent financial solutions to users within a holistic financial ecosystem.
- Founded by Kanekar and joined by Akash Shah, FinRight differentiates itself with a fixed-fee model and a focus on real, impactful solutions in the personal finance sector.
- With an emphasis on transparency, efficiency, and customer-centric solutions, FinRight aims to revolutionize the way individuals manage their savings and investments in the financial landscape.
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Inc42
6d
284
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Govt To Launch Incentive Scheme For Critical Minerals This Year
- The Indian government plans to launch an incentive scheme for the recycling of critical minerals, including lithium and cobalt.
- The scheme may offer subsidies on capital expenditure or production-linked incentives.
- It aims to scale up India's capacity to recycle lithium-ion batteries and meet the country's net-zero greenhouse gas emissions targets.
- The government has also proposed a policy shift to enable private entities to undertake large-scale early-stage exploration for critical minerals.
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Medium
6d
193
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Andreessen’s $20 Billion AI Mega fund Is More Than a Bet — It’s a Blueprint for the Future of…
- Venture capital firm Andreessen Horowitz is raising a $20 billion fund to invest in US-based AI companies.
- This move is a signal that the old scale of venture capital is no longer enough for the future of AI.
- Andreessen's fund aims to offer startups not only capital but also distribution, relationships, political proximity, and cultural cachet.
- This strategic fund may redefine the role of venture firms in the era of strategic capital.
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