E-Commerce Rs 90K 🤑, Neobanking Hires 💼, iPhone 15 Pre-Booking 🔔

Catch up on the latest in 🇮🇳 Indian 🇮🇳 startups and tech landscape - all in 5 minutes. [Newsletter Banner] Daily 🇮🇳 IndiaTech 🇮🇳 Roundup Welcome to today's edition of the NextBigWhat Daily IndiaTech News! Today's top stories include e-commerce sales, Neobanking Platform Jupiter's new hire, and Apple's iPhone 15 pre-booking. 📰 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( Indian e-commerce platforms to witness Rs 90K crore sales in festive month this year 🇮🇳 IndiaTech - India is expected to see online gross merchandise value of Rs 90,000 crore during the holiday season this year, increasing 18–20% from last year’s festive month sales. This growth would be driven by roughly 140 million consumers. - The industry is anticipated to record a GMV of Rs 5,25,000 crore for the entire year, marking the tenth year of e-commerce holiday season sales. Anuj Rathi Joins Neobanking Platform Jupiter as Chief Product and Marketing Officer 🇮🇳 IndiaTech - Rathi, ex-senior VP at Swiggy, will lead product, design, growth, and marketing at Jupiter. - He will work closely with CEO Jitendra Gupta to enhance personal finance experience for Indian consumers. - Jupiter, with a $710 million valuation, has a NBFC license to lend on its own book. AI-powered eye scan can now detect cardiac issues [NBW Newsletter Ad]( TAKE A LOOK AT INSIGHTFUL VISUAL STORIES ON NEXTBIGWHAT AI tool RETFound can diagnose and predict risk of various health conditions, including heart failure. [Check out]( DigiCert Announces Advanced Digital Trust Solutions for Indian Market 🇮🇳 IndiaTech - DigiCert ONE, digital trust platform, has been deployed to secure corporate infrastructure and customer data in India. - The platform, aiding in mitigating the risks of cyberattacks and promoting innovation, focuses on enterprise trust, device trust, software trust, document trust and DNS trust. - Aiding digital trust strategies in India, DigiCert ONE has been integrated with Oracle Cloud Infrastructure and several third-party providers. Karnataka’s IT Minister Details Upcoming Fact Check Unit 🇮🇳 IndiaTech - The unit, targeting misinformation, disinformation, and ‘malinformation’, will soon be established, according to IT Minister Priyank Kharge. - The fact-checking process promises to be transparent, apolitical, and unbiased, fact-checking content in Kannada, regional languages, and English. - Enforcement against misinformation will be under the Information and Technology Act (2000), Indian Penal Code (1860), or the Disaster Management Act (2005), with unit staff including government and police officials, lawyers, civil society members, and academics. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( Apple iPhone 15 Series Pre-Booking Starts in India with Special Offers 🇮🇳 IndiaTech - The iPhone 15 line-up, consisting of four models, is scheduled for Indian pre-booking today, aligning with the global launch. - Prices for the new series disclosed earlier this week, starting from Rs 79,900 for iPhone 15 to Rs 1,99,900 for iPhone 15 Pro Max (1 TB). - Special launching offers include instant cashbacks and discounts to HDFC bank card members, as well as trade-in options for older iPhones. Infosys Lands 64th in TIME’s Top 100 ‘World’s Best Companies of 2023’ 🇮🇳 IndiaTech - Infosys is the only Indian company within the top 100 of TIME Magazine’s World’s Best Companies. - The Bengaluru-based company is also among the top three professional services companies in the list. - TIME and Statista considered dimensions such as employee satisfaction, revenue growth, and sustainability to identify top-performing companies. Fintech Firm OneCard Nears $100M Fund Raising Preparations at Unchanged Valuation 🇮🇳 IndiaTech - OneCard is initiating talks to raise $100 million from existing and potential investors in a Series E diverse financing round. - Current investors including Temasek, Peak XV Partners, QED Holdings will join this funding round, alongside possible new investors. - Despite the substantial funding, the firm’s valuation is anticipated to remain steady, in the range of $1.5 billion. Blockchain Firm New Street’s FY23 Revenue Soars 3.6X, Profits Spike 4.8X 🇮🇳 IndiaTech - New Street Technologies saw a three-fold growth and 4.8X profit rise in FY23. - Significant revenue growth was led by operations and its blockchain product MiFiX. - Despite this growth, potential funding constraints could hinder future investment in the fintech space. ‘Made in India’ iPhone 15 will be more expensive in India than in US or Dubai 🇮🇳 IndiaTech - When compared to the entry-level Pro versions, which are subject to a 22% import charge, the price difference is much more apparent. - The supply chain is one of the causes, as a number of components are sent following the settlement of import duties. Additionally, India’s economy is significantly smaller in scope than the robust economies of the US and Dubai. Aditya-L1 Completes Fourth Earth-Bound Manoeuvre, Prepares for Earth Departure 🇮🇳 IndiaTech - ISRO’s Aditya-L1 spacecraft successfully executed its fourth earth-bound manoeuvre, getting ready for Trans-Lagrangian Point 1 Insertion on September 19. - The mission is India’s first to study the Sun from a halo orbit around the Sun-Earth Lagrangian point, nearly 1.5 million kilometers from Earth. - Equipped with seven scientific payloads, Aditya-L1 aims to observe various layers of the Sun and study space weather dynamics. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](