Walmart CEO impressed by Flipkart ops; OYO launches 'Lite' app

Daily Capsule| 17th May Hello Did you know that 118 crore litres of water go down the drain in India every day - literally? At present, the country is facing its worst-ever water crisis with over 600 million people - nearly half the population - suffering from water stress. Almost 75 percent of Indian households do not have clean drinking water while 84 percent of rural households do not have access to safe piped water. Makes you think what you can do, right? Well, someone is... [Meet Diversey, a global cleaning and hygiene company, that has come up with an innovative solution to solve the water crisis of India through 'Flush-me-Not' - one urinal at a time.]( Cheers, Team YourStory Here's what you need to know to stay caught up on Indian startups, innovations and more. [Excited about opportunity with Flipkart and PhonePe: Walmart CEO]( Global retailer Walmart is excited about the market opportunity from Flipkart, its India ecommerce subsidiary. The Indian startup continues to positively contribute to the company's overall international sales, though it is a drag on its operating income. President & CEO Doug McMillon said that he is impressed with the teams in India and their 'ability to innovate for customers with speed'. [BLive is wheeling in change with e-cycles and India’s first EV tourism initiative]( [BLive is wheeling in change with e-cycles]( [India’s digital payments industry reacts to RBI’s Vision 2021]( The Reserve Bank of India has put out its vision document outlining its roadmap for the payments system for 2019-2021, aiming to enhance the foundation built over so far. While the pursuit towards a ‘less cash’ and a less-card India continues, RBI also wants to also ensure increased efficiency, and uninterrupted availability of safe, secure, accessible and affordable payment systems. [Shruthi Nithin is changing the game with a one-stop-shop for your pet’s needs]( [OYO launches 'Lite' app globally for low connectivity areas]( Hospitality unicorn OYO Hotels and Homes unveiled its 'OYO Lite' app, a lightweight version of its hotel-booking mobile app. This is aimed at users in areas that have low connectivity and bad network. The company claims that the app retains all the functionalities of the original OYO app and said that it is currently live and available on Android devices worldwide. [What's the emotional cost a founder pays when the startup shuts down?]( Failures in the startup ecosystem are a given. But what about the founder? How do they deal with the pressures and the emotional burden of the shutdown of their venture? While successful startup founders achieve hero status, who will talk about the others? Because, for every one successful founder, there are plenty who have failed. [Facebook, Google, Amazon sign global pact to fight extremist content online]( Two months after the horrifying attacks in Christchurch, Facebook, Google, Amazon, Microsoft, and Twitter have come together to address violent content on their platforms. The companies have signed the Christchurch Call to Action - a commitment by global governments and these tech corporations to eliminate hate speech online. If you’ve got a startup idea in the areas of edtech, skilltech, e-learning, edutainment, hobby, vocational training, corporate training, or training in emerging technologies, apply for the [UIncept Incubation programme.]( This is a once-in-a-lifetime opportunity to expand your learning curve, learn from renowned mentors, avail operational support, acquire funding, and get validation to take your idea to the market.[The last date to apply is June 15, 2019.]( Stockholm is looking for Indian tech founders with a clear interest and strategy to expand into the European market, investors looking to invest in the Nordic region and influencers/journalists having an impact on the tech startup world in India. [Read to know more and apply]( be a part of the exciting “Delhi-Stockholm startup-flight before June 20. Follow us on social media for more frequent updates [Facebook]( [Twitter]( [Instagram]( [Linkedin]( -- [Click Here]( to unsubscribe from this newsletter.