Japan’s largest ecommerce company and Viber chat owner, Rakuten, is reportedly planning to open an online retail platform in India. It has opened a business office in Bangalore and is hiring mid-level managers from Flipkart and Amazon to set up the platform in India.
Exotel To Make International Foray
Cloud telephony company, Exotel, plans to foray into Singapore, Malaysia, and Indonesia. It has planned an initial investment of $10 Mn (about INR 66.5 Cr.) for the next two years, a majority of which will be used for operational and sales spends.
Anita Hassanandani & Shaan Enters Startup Space
TV actor Anita Hassanandani’s husband Rohit Reddy has picked up a large stake in an upcoming online startup called TheBagTalk.com. The portal has a partnership with High Spirit Commercial Ventures in Mumbai, a bag manufacturer, and exporter which retails its label, priority bags, through offline retail chains.
Singer Shaan launched an online startup named as Happydemic to bring performance artists and customers on a single platform. The startup will act as a platform for performance artists to get access to customers.
Govt. Of India To Monitor And Rank States
Under “Make In India” initiative, the Indian government has announced various steps to improve the ease of doing business and attract foreign direct investment into the country. To keep things intact, the Government has decided to closely monitor the promises made under ‘Make in India’ programme and State Level Business Reform Action Plan, and also rank all the states based on the performance.
India Ranks 44 On Global Connectivity Index
Huawei’s Global Connectivity Index (GCI) report indicated that with an average GDP of $3,000, 13 countries including India, Bangladesh, Pakistan, Kenya, Ghana, Philippines are in the early stage of ICT infrastructure build-out. India ranked 44 with a GCI score of 30, whereas, United States, Singapore, and Sweden topped the rankings.