Author: News Desk

https://youtu.be/Okmo9Jb7Hvw There is a saying in Malayalam tengu chadikilla, which roughly translates to ‘coconut trees don’t deceive’. Coconut products have high economic value. This Philippines-based agri-tech startup is making such products as an alternative to plastic. Coconut productsAcross the globe, supermarkets and food outlets use styrofoam containers for the packaging of food products. However, styrofoam is not good for nature. There came Fortuna Cools with an innovative idea of making a biodegradable product out of the coconut. The first product of the startup named Coconut cooler was a biodegradable one. This product acted as an alternative to the traditional styrofoam containers. The…

https://youtu.be/tdHY_iakrAU Union minister Nitin Gadkari has said the cost of electric vehicles will drop to that of petrol vehicles in two years. Already the GST on Electric vehicles is only 5% and the cost of lithium-ion batteries is also declining.EV charging stationsBesides, the government has framed a policy allowing petrol pumps to set up EV charging stations. “In two years, there will be a lot of charging points across India. As electric mobility is gaining momentum in India, no artificial push is required,” Gadkari said.”The per kilometre cost of the petrol-based vehicle is Rs 10, that of diesel is Rs7/km. For…

https://youtu.be/fgF7mF1rKK8 Ola’s first electric car will be launched in 2023. “Our ambitions in electrification are to make India the global electric vehicle hub,” said CEO Bhavish Aggarwal. Ola’s e-visionAggarwal said that the EV scooters were on track to be delivered from December 15Ola has got 1mn reservations for its electric scooter with first deliveries on track for December 15.Ola plans to go public in the first half of 2022, the CEO said. It has a growing presence in several global markets such as Australia and Britain. 

https://youtu.be/OpUq9QYqMoUFood delivery giant Swiggy will invest $700 million in Instamart. Instamart is its express grocery delivery service active in Gurugram and Bengaluru.Expansion plansCurrently, Swiggy Instamart serves customers across 18 cities. Recently, it onboarded more than one seller-run dark store every day. It aims to make deliveries in 15 minutes by January 2022. It will be done through a network of dark stores very close to the majority of its customers.FundraiseThe platform offers products across categories like fresh fruits, vegetables, eggs, and cooking essentials. In July this year, Swiggy closed a $1.25-billion fundraise. The investment helps accelerate Swiggy’s multi-year strategy of…

https://youtu.be/OU0E0Ns-l1k Nykaa is planning to expand its brick-and-mortar stores to 300. It is a way to significantly build the startups offline presence in the country.More outlets to openNykaa founder Falguni Nayar said the company targets 100 cities. Nykaa already has 84 retail outlets operating in 40 cities.”The store expansion had slowed down due to the (COVID-19). But, this year we have revived our store rollout,” she said.Nayar said the physical stores form a critical part of the business.

https://youtu.be/4GLdLQdUxLY Tata Power Solar Systems has received a Letter of Award from Solar Energy Corporation of India. The contract is to build a 100 MW EPC solar project. Solar powerThis will also have a 120 MWh utility-scale Battery Energy Storage System. The total contract value of the project is around Rs 945 crore. It will be completed in 18 months. Tata Power Solar will support engineering, design, supply, construction, erection, testing, O&M, and commissioning.

https://youtu.be/r6SYLCSnQ9o Zappyhire, an AI-powered recruitment platform, has raised Rs 3.71 crore. It was led by Kerala Angel Network and Alex K Babu, Founder, Hedge Equities.Strategic investorsThe seed funding round also had the participation of strategic investors such as Shihab Muhammed, Ex-Co-Founder of Freshservice (Freshdesk),  Navas Meeran, Chairman, Eastern Condiments Pvt. Ltd, M. I. Sahadulla – Chairman & Managing Director, KIMS, Rajesh Nair – Associate Partner EY and  K. Paul Thomas, Founder of ESAF Group of Social Enterprise. Jyothis KS and Deepu Xavier are the Co-founders of Zappyhire.“We are super excited to close the investment round and look forward to working with…

https://youtu.be/7BHff_wlKu8 ePlane Company is a venture incubated out of IIT-Madras. It is developing India’s first electric air taxi.Compact planesThe ‘e200’ will be one of the world’s most compact two-seater planes. It also works on cargo transport aircraft small enough for last-mile deliveryThe company is co-founded by IIT-M professor Satya Chakravarthy and his student Pranjal Mehta.They are currently testing a scaled-down prototype. They expect to have their first cargo plane ready by next year. They have raised $1 million in their series A round of funding.

https://youtu.be/zHtUHPk4FVM What will be the business opportunities and entrepreneurship ventures during the Covid? The TiEcon summit 2021 discussed the changes happening in entrepreneurship and business ideas. The summit set an example to the country to introduce the potential of networking opportunities during Covid. Entrepreneurs discussed the new normal for business in Covid, and there were speakers who shared their new business models and journeys.Panel discussionsThe minister of industries P.Rajeeve explained how the government’s entrepreneurship policy is changing. Changes that had to be brought in policies and Kerala’s entrepreneurial environment was discussed in the panel which had the participation of legislators and…

https://youtu.be/X8-hInRgwVo Now, WhatsApp can be used to order groceries from JioMart via a new “tap and chat” option. Delivery is free and there’s no minimum order value, say JioMart users.Competition with leading playersThe JioMart users will get a WhatsApp shopping invite with a 90-second tutorial and catalogue. The daily essentials on offer are fruits, vegetables, cereal, toothpaste, cooking staples etc.. Customers can fill their shopping baskets within the app and pay via JioMart or by COD. The JioMart-Whatsapp collaboration is a major competition to other leading grocery players like Amazon, BigBasket, Grofers etc. Strong user baseThe new move comes after Meta invested nearly…