Even after wooing the Indian front of customers by its services Amazon is not satiated yet. It has announced launch of its own brands to capture a share in the booming fashion and lifestyle segment as it was lacking here. Company’s CEO Jeff Bezos is all filled with enthusiasm and zeal with this development. It has established brands like Pinzon in US which sells batteries, bags etc. and is hope to do the same in the country.
Lets have a look at important developments of the week:
Reserve Bank Allocates INR 2000 Cr. For Startup Fund In FY’16
India is all flooded with startups and is attracting renowned tech giants who either mentor these startups or acquire them. In a bid to nurture and promote innovation among startups RBI has announced an allocation of INR 2000 Cr in 2015-16 to a startup focused fund. This is the second fund announced after Arun Jaitley proposed a INR 10000 Cr Fund in July last year. The fund will help in restricting the flight of startups overseas.
Facebook Launches Internet.Org In India To Make Internet Available To All
With ability of internet to connect anyone to everyone and realizing its prowess Facebook has announced Internet.org. This service will be available in six states namely Tamil Nadu, Maharashtra, Andhra Pradesh, Gujarat, Kerala, and Telangana which will be later available pan India. Following this launch, India becomes the first country in Asia to have Internet.org. This will make available services pertaining to news, health, travel, sports and local information which include Aaj Tak news, AccuWeather, AP Speaks, Babajob, BBC News among others.
Ratan Tata Will Mentor Startups, Joins Kalaari In An Advisory Role
Startups aim to get the best out of their mentors but wouldn’t it be great if the mentor was best already. Ratan Tata, the business tycoon has officially joined venture capital firm Kalaari Capital as an advisory. Being an icon and a role model to all entrepreneurs he is the eternal source of inspiration for startups.
Freecharge Launches Cheatz Coupon Aggregator App
All that quest and wasting hours for finding a discount coupon or deal is now over. With booming ecommerce space heavy competition, innovative marketing strategies is now common and the most popular is giving cashbacks and coupons. To eliminate the arduous task of finding a coupon Freecharge has come up with an Cheatz which aggregates all the deals and discounts of popular ecommerce websites in a single list.