20 January 2022, Mumbai:

Urban Monkey Appeared in Shark Tank India Season 1 Episode 22 is an Indian fashion streetwear brand, its popularity is very high in India. This brand focuses on streetwear clothes, it carries products of every fashion trend. So this Shark Tank has demanded ₹1 crore in exchange for a 1% share of its company in India.

Streetwear is very much liked by teenagers, it is very popular in the western country. This is quite a fancy category, so let’s know whether this bard gets funding in Shark Tank India or not. sharktankindia.com

KEY HIGHLIGHTS

• Urban Monkey Appeared in Shark Tank India Season 1 Episode 22
• Brand ask was for  ₹1 crore in exchange for a 1% share of its company
• It is an Indian fashion streetwear brand, with very high popularity
• Management is passionate about the Underground street community of India

About Urban Monkey

At UrbanMonkey, we are passionate about the Underground street community of India.
And we pour our monkey hearts into our products for the world to wear, feel and share our passion.

The problem brand wants to solve

The entire world is awe-struck when they watch a street performer showcase their talent. We are talking about the street artists, musicians, and athletes that amaze us with their skill, leaving us with goosebumps and a desire to unleash our inner street kid.

Yet, the representation and awareness of this talented young community in our country are alarmingly low. We are determined to change that.

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15 January 2022, Mumbai:

Snapdeal, a multi-brand e-commerce company, has announced the launch of a new credit card in collaboration with Bank of Baroda's subsidiary BoB Financial Solutions and National Payments Corporation of India.

TNN stated that Snapdeal has offered RuPay credit cards, which are contactless and co-branded with BoB Financial and NPCI, as part of its new relationship.

Consumers in non-metro areas, particularly smaller cities, would benefit from the credit cards, which are meant to make internet buying easier. Customers will be able to apply for the new credit card in March of this year, and it will include incentives and bonuses for purchasing on Snapdeal.

According to TNN, Snapdeal's president Himanshu Chakrawarti stated, "The synergies of this cooperation would assist expedite the adoption of digital payments, especially among customers residing beyond India's metros and tier-1 cities.

" Snapdeal's consumer base is primarily non-metro because it concentrates on things such as fashion and leisure goods in the value sector of the market. Outside of metros, over 86 percent of Snapdeal's clients live, and many non-metro shoppers buy for value items online.

Snapdeal also just debuted a 'Style it Up' video series on its social media sites, including Facebook, to promote its fashion offers through entertaining video content.

The video series demonstrates how to dress everything from traditional to Western attire with Snapdeal's fashion section of its e-commerce store's merchandise.

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11 January 2022, Mumbai:

OFFERS SO GREAT...India karey celebrate!

TOP DEALS COMING YOUR WAY.

ICICI BANK: 10% Instant discounts

Fashion: 60-80% Discount

15 January 2022, Mumbai:

The Aura Blockchain Consortium has announced the debut of Aura SaaS, a "game-changing cloud-based SaaS" solution, according to the consortium. Some of the world's most prestigious luxury brands, including LVMH, Prada Group, Richemont's Cartier, and OTB Group, established the partnership.

The first blockchain-based platform for high-end businesses has been launched, with the goal of "helping the luxury industry integrate the blockchain in their day-to-day business operations."

A blockchain is essentially a distributed, secure digital database. It might be critical in this scenario for tracing the origins of luxury products purchased by customers. Supply chains, customer service, marketing, production, sustainability, buying, logistics, and legal challenges, according to the organisation, should all be affected.

Aura SaaS will enable member brands to "quickly and easily onboard, maximising value by focusing on the customer journey and digital innovation, and allowing for both upstream and downstream traceability in the supply chain for consumers making it one of the best direct to consumer offerings in the market," according to the group.

It is a "no-code solution that enables for a rapid and hassle-free installation" and is aimed at bringing smaller luxury enterprises into the blockchain realm. The SaaS launch would "make Aura more available to luxury businesses throughout the globe while boosting the industry's response to concerns such as counterfeiting and ethical sourcing," according to the organisation.

Aura SaaS will also provide a number of white-label front-end APIs and web pages that make it simple to publish, read, and display data from the Aura Blockchain.

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11 January 2022, Mumbai:

One97 Communications, the parent company of Paytm, a digital payments and e-commerce company, reported an increase in loan disbursals and gross merchandise value in the quarter that concluded in December 2021. In the most recent financial quarter, which concluded in December 2021, Paytm's GMV more than quadrupled to Rs 2.5 lakh crore ($37.6 billion).

TNN said that this sum was increased from Rs 1.1 lakh crore in the same period a year earlier. Loan disbursements increased fourfold year over year in the most recent quarter.

According to TNN, Paytm noted in an exchange filing, "Our monthly transacting users (MTUs) demonstrated sustained growth in FY21 and the first two quarters of FY22."

"The upward trend continued in the third quarter of FY22, with 64.4 million average MTUs, up 37 percent year over year from 47.1 million in Q3FY21." the company released its financial figures shortly after its stock reached a new low of Rs 1,151 per share, before closing at Rs 1,158 per share at the end of the day on January 10. 

This is a huge decline for the company, as its market capitalization is currently Rs 75,064 crore, down from about Rs 1.4 lakh crore at the time of its initial public offering. The Reserve Bank of India has suggested digital payments laws that might curb e-wallet costs, which is one reason for Paytm's recent share price decrease.

Paytm's payments sector accounts for a large portion of its income, thus any decrease in revenue from payment charges would have a significant impact on the company's overall revenue. As a result, some investors are concerned about the company's short-term growth prospects.

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17 January 2022, Mumbai:

Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Shri Piyush Goyal has called upon the Global Venture Capital (VC) Funds to focus more on Startups from Tier 2 and 3 cities.

Chairing the 4^th Roundtable with Global Venture Capital Funds, organised by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Shri Goyal invited the VCs to explore new sectors for investing, promote and protect the intellectual property created by the young Indian entrepreneurs, provide expertise to scale-up and explore greater capital infusion including risk capital.

The Government has already taken a number of steps to support the Startups and would do so in the future also, he added.

It was pointed out in the meeting that India is home to over 61,000 recognised Startups spread across 55 industries, with 45% of them emerging from Tier 2 and 3 cities and 45% of Startups having at least one Woman Director, a testimony of diversity, spread and inclusivity of the Indian Startup ecosystem.

It was also highlighted that specifically for the Startup ecosystem, 49 regulatory reforms have been undertaken by the Government to enhance Ease Of Doing Business, Ease Of Raising Capital, and Reduce Compliance Burden.

The Roundtable was held through video conference as part of the Startup India Innovation Week. Over 75 VC fund investors from across the United States, Japan, Korea, Singapore, and some Global Funds domiciled in India participated in the deliberations. These funds have a total Assets Under Management (AUM) of more than USD 30 billion in the Indian Region.

A number of suggestions were made by the Global VC funds, which they felt could further the investors’ sentiment in the sector.

The intent of this roundtable was to share a progress report of the current Indian Startup-VC Ecosystem, insights on impact investing, India’s global outlook, and the opportunities and interventions for the way ahead of VC investments in India.

The roundtable discussion covered topics like Building for the World from India, An Impact, SDG and Digital India Outlook, Regulatory updates for Global and Domestic Funds, India Opportunity - How policies have shaped up the Ecosystem and Way Forward and Vision for India @ 2047. The session also covered the top regulatory issues to be addressed with the Government of India.

The meeting was attended by Shri Anurag Jain, Secretary, DPIIT, and major Indian regulators, policymakers, along with Global VC Funds.

DPIIT is organizing Startup India Innovation Week from 10^th to 16^th January 2022. In the context of 'Azadi ka Amrit Mahotsav’, this virtual innovation celebration is designed to showcase the spread and depth of entrepreneurship across India.

The programme is bringing together top policymakers, industry, academia, investors, Startups, and all ecosystem enablers from across the globe.

PIB (The news article has not been edited by DFU Publications staff)

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15 January, Mumbai: 2022

The interaction between the PM and the startups held today aimed to understand how startups can successfully contribute to the nation’s needs.

This is the 6th momentous year of the government’s flagship initiative Startup India which has at large unleashed animal spirit & helped build a global ecosystem, so much so that today India boasts of being the 3rd biggest Start-Up eco-system.

India has for the 1st time come in the global innovation index in the first 50 nations. The system is brimming with confidence been mirrored by almost one unicorn per week been witnessed last year. Not only unicorns, soonicorns and decacorns are in the making today, which has only accelerated in the pandemic serving as fundamental to the universe of startups in India.

KEY HIGHLIGHTS

• Interaction aimed at understanding how startups can successfully contribute to the nation’s needs
• This is the 6th momentous year of the government’s flagship initiative Startup India
• The movement has led to a staggering growth of unicorns in the country
• The PM interaction today has involved broad-based divergence across sectors

India rapidly moving towards the 100-unicorn mark

Fact Sheet

With 42 new Indian startups joining the "unicorn club" last year. Hon'ble PM alluded during the interaction, "Our are startups changing the rules of the game. That's why I believe startups are going to be the backbone of new India, he further emphasises that the golden era of India's startups is starting now,".

The PM interaction today has involved broad-based divergence engaging startups from different sectors, viz agriculture, health, enterprise systems, space, industry 4.0, security, fintech, and environment.

Just to put it in quick perspective," More than 150 startups have been divided into six working groups dependent on the criteria of themes entailing something like Growing from Roots; Nudging the DNA; From Local to Global; Technology of Future; Building Champions in Manufacturing; and Sustainable Development,” enunciated by the Prime Minister’s Office (PMO) as in overarching objective.

The modus operandi as envisaged goes like this," Each group will make a pitch/ presentation to Hon'ble PM Modi.

The engagement/ interaction between the PM and the startups fundamentally aims to understand the underlying logic & logic of how startup/s can successfully contribute to the nation’s needs and how best the policy intervention at this juncture can catalyze harnessing this when we are sitting for the announcement of Union Budget 2022.

The PM’s Office alluded as has been over & over and again that," I am been a strong believer & advocate in the potential that startups hold in making valuable contributions to the growth and development of the nation and fuelling meaningful employment.

The reminiscing glory & success of the momentous past few years, the PMO added, “This has had a remarkable impact on the startup ecosystem in the country besides being economic growth multiplier, and has definitively led to a staggering growth of unicorns in the country helping it move up the global value chain.”

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10 January 2022, Mumbai:

Digital commerce platform Meesho on Thursday said 71 per cent of the new users coming to its platform were from tier III cities and beyond, including cities like Malkangiri, Baikunthpur, Munnar, and Mahua. Sharing trends seen during 2021 on its platform, Meesho said it had witnessed a 15x growth in direct-to-platform customers over the previous year.

"Meesho witnessed 15x growth in direct-to-platform customers over the previous year. In 2021, 71 per cent of all new users came from Tier 3+ regions like Malkangiri - Orissa, Baikunthpur - Chhattisgarh, Munnar - Kerala, Mankachar - Assam, Khalari - Jharkhand, Lalganj - Uttar Pradesh, and Mahua - Bihar," it said.

Meesho added that it now aims to reach 100 million monthly transacting users by December 2022 and increase its roster to over 50 million products.
Interestingly, people shopped the most on Wednesdays on the platform, driven by women shoppers. Men preferred Sundays. Also, 2 PM to 3 PM was the most preferred time to shop on Meesho throughout the week.

TOI 

17 January 2022, Mumbai:

Xpressbees, the new-age logistics services provider from Firstcry stable in advanced talks for raising $300 million.

KEY HIGHLIGHTS:

• Xpressbees in advanced talks for raising $300 mn
• Funding tap is open for a host of ventures
• Blackstone alone will be bringing in $180mn
• The deal is likely to be signed next week

In advanced talks with private equity funds led by Blackstone to raise $300 million (2,232 crores). Other PE funds likely participating in the new funding round include lude ChrysCapital and TPG Capital, four people with direct knowledge of the matter said.

SOURCE: ET dt 17-01-2022

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