Flipkart launched its digital wallet, Flipkart Money, to take on rivals Freecharge and Paytm. With the digital wallet the company aims at cutting significant costs related to handling cash on product returns. User will be able to hold a balance between INR 10, 000 to INR 25, 000.
Baxi Drivers Goes On Protest
The bike taxi drivers turned against the company, after the terms on which they were on-boarded were abruptly changed. A number of these drivers are protesting the move and have stopped working.
Uber & Ola Enroll Bike Taxis On Road
Uber launched bike taxi service UberMOTO in Bangalore at the same time when Ola announced its Ola Bike in the city. The two are exploring the bike taxi market to add to their revenue.
Reliance Foray Fashion Ecommerce
Reliance Industries is extending the new brand ‘Jio’ to newer businesses. After its telecom unit Reliance Jio and its upcoming digital wallet Jio Money, the company has extended the brand to fashion ecommerce business AJIO.com. The portal has been tested among some employees since December, and will soon be opened to all employees by the end of this week.
Flipkart Launches Ad Platform
Flipkart launched an advertising platform Brand Story Ads on the mobile app to allow companies like Yes Bank, L’Oréal, Micromax, Gillette, Datsun among others to launch their ad campaigns. Apart from the brands that retail on Flipkart, the service will also be available to other non-retailing brands.
NASSCOM Signs MoU With Tamil Nadu Government
To open its first warehouse in Chennai, NASSCOM signed a MoU with Department of Information Technology, State of Tamil Nadu. The warehouse can house up to 50 startups allowing them to learn, work and accelerate their companies.