We bring you the weekly dose of important Indian startup news of the week.
The country’s sole electric vehicle manufacturer Mahindra and Mahindra (M&M) is looking to join hands with Ford Motor to build a new electric sedan. The move is geared towards capturing the growing electric vehicles market in India. Also, recently, the Indian govt. hold talks with 50 companies to expedite its electric mobility mission, the Indian government is reportedly seeking investment from a number of companies, both domestic and foreign.
Further, having invested in over 39 startups, Ratan Tata believes that the domestic startups have a long journey to go, as far as disruptive ideas are concerned. One of the reasons he counts on is the lack of an encouraging startup ecosystem. He also said that the government should and could play a major role in (developing Indian startup ecosystem) provided they can embody the entrepreneurial spirit which would be necessary.
Important Indian Startup News Stories Of The Week
Flipkart Launches Third Fashion Private Label Anmi
Anmi will offer women shoppers a range of contemporary ethnic wear. Anmi is the sixth in-house brand Flipkart has launched this year. Targeted at 20-25-year-old urban women, Anmi is a complete data designed brand conceptualised on basis of collected data points such as desired colors, styles, fits, patterns, etc. As claimed by the company, all Anmi products have successfully surpassed quality related issues like the piling, color bleeding, garment construction, seam slippage etc.
Also, making it an interesting Indian startup news of the week, Flipkart announced that it has become first ecommerce app in the country to cross the 100 million downloads mark on Google Play store. In terms of ratings, Flipkart’s app holds a high average score of 4.4 from over 4 Mn users on Google Play Store, and claims to be the only ecommerce app to have reached that rating in India.