Startpreneur News

Inc42 Media editor@newsletter.inc42.com

Thu, Nov 8, 5:57 PM (12 hours ago)

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Snapdeal’s Shift In Strategy Pays Off, Trims Losses By 87% In FY18
Snapdeal is back on track. In FY18, the company trimmed its losses by 87%, recording a loss of $84.7 Mn (INR 613 Cr) in comparison to $642 Mn (INR 4,647.1 Cr) in FY17, on a consolidated basis, as it scaled down operations and offloaded its payments and logistics units.
Amazon has launched its subscription-based audio book service called Audible, in India. The service while still in beta mode, will be available on iOS and android app stores. At present, Audible services are available on a 30-day trial for all users and a 90-day trial for the prime members. After the trial version, users can avail the service for a recurring payment of $2.74 (INR 199) per month.
The ministry of electronics and information technology (MeitY) has directed all ministries to tread carefully on Direct Benefit Transfers (DBT), after receiving many complaints related to fraudsters setting up fake government websites to dupe innocent people.
The programme known as the eFounders Fellowship was began as the first step toward completing the goal set by Alibaba founder Jack Ma. Ma who is also the special adviser for young entrepreneurs is aimed at empowering 1K entrepreneurs in the developing countries over the next five years.
Ecosystem Summit
Platinum jewellery, the market for which is currently estimated at INR 3,000 Cr and is growing at a rapid 25% CAGR intrigued Jaipur based Sambhav Karnawat, Khushboo Patwa, and Ruchika Beri who launched an online platform for authentic platinum jewellery, Jewelove, in January 2016. Jewelove offers minimalistic jewellery for people who prefer elegance over bling.
In this week’s Startup 101 series, Prasanna Krishnamoorthy, founder of Upekkha, a B2B SaaS accelerator, helps young startups understand the lifecycle of product development from ideation to release. Krishnamoorthy has simplified the process for startups. Here’s a step-by-step guide to ease the product development process.
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