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Top news & stories of the startup ecosystem from India & around the world
After more than 10 months of speculations, Walmart-owned ecommerce unicorn Flipkart has finally made its move into mobile phone insurance – a $27 Bn worth industry globally. Flipkart will offer insurance on mobile phones under its Complete Mobile Protection programme, starting October 10th at the onset of Flipkart’s The Big Billion Days (TBBD).
Global hotel chain OYO, today announced to have inked a Memorandum of Understanding (MoU) with the Government of Uttarakhand. With this signing, OYO Hotels has committed an investment worth $67.5 Mn (INR 500 Cr) to expand its chain in the region.
While the centre and state governments are taking steps to boost the startup ecosystem in the country, Ramesh Abhishek, secretary at the Department of Industrial Policy and Promotion (DIPP) stated that there is a huge opportunity for Russian startups in India.
Inc42 sets out to answer such question in its upcoming annual report, The State Of Indian Startup Ecosystem Report 2018, to be launched at The Ecosystem Summit in November. Find out more here!
Fact sheet by Inc42 Datalabs.
Vishal Gondal believes that you will not get people simply by putting up ads on Naukri and LinkedIn, but rather on the field by networking. “You are more likely to find your early employees and early co-founders as I said not on Linkedin or naukri but they will be in conferences, events, or if you are in the health space, your co-founder might be running a marathon with you,” he says.
To understand the growing trend of freelancing in India, Inc42, in association with PayPal, is conducting a series of webinars titled —The Rising Freelance Economy. These webinars aim to throw light on the different trends in freelancing, whether it is breaking away from a regular job, or women taking up freelancing. Here are the excerpts from the latest webinar.
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Investors are pouring millions into the creation of a network of shared kitchens, storage facilities, and pickup counters that established chains and new food entrepreneurs can access to cut down on overhead and quickly spin up new concepts in fast food and casual dining.
SpaceX successfully launched and landed its Falcon 9 this evening, marking the 62nd flight of the vehicle. It was also the 12th ground landing for the company, and the first one on the California coast. SpaceX has two landing pads there, and has managed to touch down 11 Falcon 9 rockets on them. And each time the company has attempted to land on land, it’s been a success.
Ro Khanna (D-CA), whose congressional district includes the headquarters for Apple and Google. Khanna joined Swisher on a new bonus episode of Recode Decode to explain all ten of the potential regulations, which Democratic leader Nancy Pelosi tasked him with drafting after Facebook’s Cambridge Analytica affair.
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