From ShuruKar, billed as the first nationwide district-level movement of its kind that aims to help young Indians identify a problem worth solving in their district, to India’s ecommerce platforms recording around Rs 24,000 crore in sales during the first two days of festive shopping, here are the latest developments across sectors.
Featured Stories
ShuruKar: Your next business could start in your hometown
A big idea does not need a big city. That was the message from Patna, where The Bharat Project, an initiative by YourStory, launched ShuruKar at Dr. APJ Abdul Kalam Science City in Rajinder Nagar.
Developed in partnership with DPIIT and Startup India, ShuruKar is billed as the first nationwide district-level movement of its kind. It aims to help young Indians identify a problem worth solving in their district, build a business around it, and continue growing it.
The launch drew Shri Nitish Mishra, Minister, Urban Development and Housing Department, Government of Bihar, along with founders, students and young entrepreneurs from across the state.
Latest News
Ecommerce firms sell goods worth Rs 24k Cr in first two days of festive sales
Ecommerce firms are estimated to have sold goods worth around Rs 24,000 crore in the first two days of the festive season sale, driven by growth in order volumes, with mobile phones accounting for the biggest share in value terms, according to consultancy firm Redseer Strategy Consultants.
The consultancy firm estimated that shoppers placed about 8-9 crore orders across all platforms, including Amazon, Flipkart, Meesho, Ajio and many other marketplaces.
Redseer Strategy Consultants, Associate Partner, Nikhil Dalal told PTI that the first two days pointed to India's festive e-commerce basket getting wider. The growth is being led by order volumes, with consumers spreading spend beyond mobiles into fashion, electronics and appliances as well.
Funding News
Zetwerk sets IPO price band at Rs 143-151, aims to raise Rs 5,012 Cr
Zetwerk, the Bengaluru-headquartered manufacturing marketplace, has set a price band of Rs 143–151 per share for its initial public offering (IPO), targeting a valuation of Rs 25,583 crore.
The IPO comprises a fresh issue of shares and an offer for sale (OFS). The company has expanded the size of the public issue to Rs 5,012 crore.
The fresh issue has been increased from Rs 2,600 crore to Rs 2,830 crore, while the OFS component has been expanded from 9.68 crore shares to 14.45 crore shares.
Other News
Kyndryl and WPP Expand Strategic Partnership to Drive AI-Powered Transformation and Growth
Kyndryl and WPP have expanded their strategic partnership to drive business transformation, marketing growth, and joint go-to-market initiatives. WPP will deploy Kyndryl’s Agentic AI Framework and Kyndryl Bridge to modernize its IT applications, streamline cloud operations, and support its Elevate28 strategy for cost efficiency.
In turn, Kyndryl named WPP as its preferred global marketing partner, broadening their work across digital, experiential, and integrated marketing powered by WPP Open. Furthermore, Kyndryl Consult and WPP Enterprise Solutions will deepen joint go-to-market efforts to help enterprise clients transform customer engagement through AI, data, and emerging technology.
TimBuckDo and Hubble Partner to Deliver Exclusive Brand Rewards to Student Gig Workers
Bangalore-based consumer tech platform TimBuckDo has partnered with fintech rewards infrastructure provider Hubble to expand benefits for India’s student community. Through this collaboration, TimBuckDo's network of over 700,000 verified, educated college students—known as "Doers"—will gain access to relevant discounts and offers from more than 500 brands across 20+ categories.
While TimBuckDo enables students to find on-demand gig, household, and campaign opportunities to build the "Pink Collar Economy," the partnership with Hubble ensures students maximize the value of their earnings by connecting rewards directly to their active income moments.""