Business – The Cambay Post

MSMEs and Consumers from Tier 2 & Beyond drive festivities for India

October 19, 2020

Digital adoption grows by 60% through early access and 3 days of TBBD 2020 Essential categories continue to be demand across metros, tier 2 & beyond 36 million new app downloads in the run up to festive season Ahmedabad Over 3 lakh sellers out of which ~60% coming from Tier 2 and beyond have enabled festive cheers to 250mn + consumers across India this Big Billion Days. Fuelled by affordability and value purchasing, The Big Billions Days has seen…

This Festive Season, Flipkart Leverages Partnerships to Make Shopping More Affordable

October 14, 2020

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Ahmedabad Flipkart, India’s homegrown e-commerce marketplace, has announced partnerships with several banking, insurance and financial service entities, ahead of The Big Billion Days, to make shopping on the platform more affordable than ever before. With this, Flipkart is ramping up its fintech constructs so that consumers across the country can avail the benefits of easy accessibility to credit and affordability options. Through these partnerships, Flipkart aims to tap into the new-to-credit audience across different geographies and pin codes and…

Amway India promotes the spirit of entrepreneurship with the launch of project Nari Shakti

October 14, 2020

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Ahmedabad Committed to empower women by bringing them to the forefront and as part of making major strides towards strengthening the gig economy ecosystem in the country, Amway India, one of the country’s leading FMCG direct selling companies, announced the launch of project ‘Nari Shakti’. As part of its 10-year growth vision, Amway aims to continue to empower women and offer them the opportunity to own and operate their own business while living their passions for fitness, healthy living,…

Walmart and Flipkart Group make additional investment in Ninjacart

October 12, 2020

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Ahmedabad Walmart and the Flipkart Group today announced a fresh round of investment in Ninjacart, the innovative startup disrupting India’s fresh produce market with its made-for-India business-to-business (B2B) supply chain infrastructure and technology solutions. This follows the investment made by Walmart and the Flipkart Group in December 2019, as the companies continue to focus on ensuring access to high quality fresh produce for consumers and retailers while creating economic opportunities for farmers through the continued use of technology. For…

Microsoft and AICTE collaborate to skill students and educators in next generation technologies

October 12, 2020

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Ahmedabad With a vision to provide uninterrupted online learning to millions of students across the country, the Government of India’s All India Council For Technical Education (AICTE) has partnered with Microsoft to empower learners and educators with future-ready skills. As part of this partnership, over 1500 course modules from Microsoft will be made available to students and educators free of cost through AICTE’s e-learning portal, ELIS. Microsoft’s learning resource centre, Microsoft Learn, has been integrated with the ELIS platform…

JIO Announces First-Ever “Carry-Forward Your Credit Limit From Your Existing Operator To JIO”

October 10, 2020

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Ahmedabad Reliance Jio, after launching the best value for money Jio PostpaidPlus plans, has now announced first ever ‘carry forward’ of credit limit for postpaid customers of other operators joining Jio PostpaidPlus plans, at absolutely zero cost and without having to pay any security deposit. Making it easy for all existing users of other operators to join JioPostpaid Plus, Jio has launched this ‘carry-forward your credit limit’ feature, with which postpaid users of other operators can simply carry forward…

Treebo raises $6M from existing investors; to invest in technology, and strengthening defences against the pandemic

October 9, 2020

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Ahmedabad Treebo Hotels today announced that it has raised $6 Million (Rs 45 Cr) in a new round of investment from its existing investors. Matrix Partners India, SAIF Partners, Ward Ferry, and Bertelsmann India Investments participated in this round. The investment will help the company strengthen its defences against the COVID19 pandemic, which has had a severe impact on the economy, especially the travel sector. The company said that it would also use this money to continue building cutting-edge…

Flipkart brings festive cheer to Bharat with pan-India supply chain expansion

October 8, 2020

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Ahmedabad To cater to the growing needs of millions of new and existing consumers coming online and to support market access for lakhs of MSMEs, Sellers, Artisans & Kiranas, Flipkart, India’s homegrown e-commerce marketplace, has significantly expanded its supply chain across the country. This massive infrastructure investment is aimed at bringing the festive cheer to Bharat consumers’ doorstep ahead of the festive season and BBD (the Big Billion Days) festive event. As part of this process, it has increased…

ADIA To Invest ₹ 5,512.50 Cr. In Reliance Retail Ventures

October 7, 2020

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Ahmedabad Reliance Industries Limited (“Reliance Industries”) and Reliance Retail Ventures Limited (“RRVL”) announced today that a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) will invest ₹ 5,512.50 cr. into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of ₹ 4.285 lakh crore. ADIA’s investment will translate into a 1.20% equity stake in RRVL on a fully diluted basis. With this investment, RRVL has raised ₹ 37,710 crore from leading…

Flipkart and Paytm partner to provide a cracking offer to customers

October 6, 2020

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Ahmedabad Flipkart, India’s homegrown e-commerce marketplace has today announced its partnership with Paytm, India’s leading digital financial services platform, to provide customers a slew of offers and benefits as they prepare their wish lists for this festive season. This partnership will enable millions of Paytm users to conveniently pay through their Paytm Wallet and Paytm UPI while shopping on Flipkart during The Big Billion Days. From an experience point of view, paying with wallet balance will be the fastest…