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In Boost For Start-Ups, RBI Plans Alternative Retail Payments System
India's central bank has proposed a draft framework to set up an alternative digital retail payments entity, along the lines of the not-for-profit NPCI.
India's Smartphone Growth Continues; Xiaomi Still On Top, Samsung Sees Decline
Chinese smartphone maker Xiaomi continued to have the largest market share with 43.6 million shipments in 2019, followed by Samsung which shipped 31 million units and Vivo at third with 23.8 million units.
Building For Digital Bharat: This Start-Up Wants To Help the Next 400 Mln Users Transact Online
Mall91 offers a social commerce platform that combines live videos, social gaming, social content, voice, and messaging to help users outside of big cities reap the benefits of e-commerce.
[Funding Alert] Soil-To-Sale Agritech Start-Up Raises $32 Mln, Plans Supply Chain Automation
Chennai-headquartered WayCool said it would use the fresh funds to automate its supply chain and build the next layer of data analytics required to strengthen supply chain efficiency.
Nirma Group Arm To Buy Emami's Cement Business In INR 5,500 Crore Deal
With the merger, Nuvoco said it would become one of the biggest players in the cement industry in India, especially in the east. The deal will expand its total cement capacity in eastern, northern and western India to 23.5 million tonnes.
[Funding Alert] Vernacular Audio Platform Raises Series A Round
Founded in 2018, Mumbai-based Kuku FM houses a wide range of content and has managed to garner a library of over 5,000 hours of content. With the fresh funds, it plans to increase the number of languages on its platform and enhance the production and marketing support to its creator base.
