upGrad appoints Govind Kumar to lead Working Professionals B2C segment
Edtech firm upGrad has appointed Govind Kumar as President of the Working Professionals (B2C) segment to scale its operations in India.
In the new role, Kumar will lead sales, marketing and content for upGrad’s business of university-led long-format courses and expanding its operational footprint within the country, it said in a statement.
Kumar previously led kidswear brand Hopscotch’s India operations as the Vice President for nearly three years. Prior to that, Kumar spent over eight years at Walmart-backed Flipkart.
India SME Forum rolls out mass export development programme IndiaXports
India SME Forum—a not-for-profit organisation for small and medium businesses—has launched India’s first mass export development program ‘IndiaXports’ at the Regional MSME Exports Summit.
The program will help MSME exporters by providing training to make the most out of their product’s export potential. It will also guide them with basics of business like finding new export markets, understanding phytosanitary measures, obtaining international certifications, and meeting quality standards tailored for MSME products, according to a company statement.
“In our pursuit to elevate this contribution and empower MSMEs, the launch of IndiaXports marks a transformative milestone.” He further added, “MSMEs’ share of exports witnessed an upward trajectory, rising from 43.59% in FY22 to 45.03% in FY23. In tandem, the robust growth in the number of registered MSMEs, now totaling 3.16 crore, has contributed significantly to an impressive employment record of 15.5 crore as of December, 2023,” Vinod Kumar, President of India SME Forum, said.
SFLC.in partners with UNESCO to launch guide on online gender-based violence
Delhi-based legal not-for-profit organisation SFLC.in has joined hands with UNESCO to roll out a guide on how to deal with online gender-based violence.
Titled ‘How To Defend Your Online Spaces Against Online Gender-Based Violence’, the guide will help identify various types of online abuse that take place and takes the user through possible recourse available to them to combat this form of violence.
The guide is available in English, Hindi, Marathi, and Malayalam. It can be downloaded from the SFLC.in website.
“SFLC.in’s comprehensive guide, available in multiple languages, endeavors to empower users by shedding light on various forms of gender-based violence. Through accessible language and illustrations, the guide equips users with the knowledge to recognize and respond to these challenges. Our steadfast belief in a fair, open, and feminist internet is reflected in this resource,” Radhika Jhalani, Legal Counsel at SFLC.in, said.
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Blockchain company Finboot forges partnership with digital solutions firm MINDSPRINT
Technology firm Finboot—creator of the blockchain solution MARCOS—has tied up with global digital solutions services firm MINDSPRINT.
The collaboration will help Finboot strengthen MINDSPRINT’s digital portfolio by embedding its low code / no code blockchain ecosystem MARCO.
Finboot’s MARCO connects multiple ledgers simultaneously and will enable MINDSPRINT to incorporate blockchain across their various digital solutions.
Nish Kotecha, Executive Chair and Co-Founder, Finboot said, “We are thrilled to be partnering with MINDSPRINT. Finboot’s and MINDSPRINT’s values are very much aligned, and we believe in the power of technology to solve many of the key challenges humanity faces including accelerating the journey to net zero and the need for more secure and transparent supply chains to measure and ensure goods and services are net positive.”
LegalPay launches zero-interest credit line for business to settle legal disputes
LegalPay—Litigation funder and legal solutions provider—has rolled out a zero-interest credit line for enterprises, startups, business owners, and freelancers to settle legal disputes while preserving their working capital.
Named Quick Settle, the structured financing feature is designed to streamline the resolution of legal disputes with a flexible 6–12-month repayment plan, enabling parties to resolve conflicts without depleting their working capital, the Gurgaon-based firm said in a statement.
LegalPay aims to disburse Rs 200 crore in 2024 through its own NBFC Padmalaya Finserve along with other partner NBFCs.
CoinSwitch records over 200% rise in trade volumes in Q3 2023
Cryptocurrency trading platform CoinSwitch recorded a sequential growth of over 200% in trading volumes in Q3 2023.
To encourage responsible trading, the platform now offers a guaranteed cashback of 2% for crypto deposits to CoinSwitch PRO, an advanced trading platform where users can trade across multiple exchanges with a single account, it said in a statement.
“Bitcoin ETFs and Halving are two much-anticipated milestones for 2024. The market has rallied over the quarter due these tailwinds, and all our internal tracking metrics are going upward. The momentum is expected to continue as 2024 promises to break free from any remaining bearish sentiments,” Balaji Srihari, Business Head at CoinSwitch, said.
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Actor Rannvijay Singh achieves 10X return on partial exit from Burger Singh
Television actor Rannvijay Singh has achieved a 10x return on his partial exit from his investment in burger chain Burger Singh.
Singh’s investment was part of Burger Singh’s larger funding round.
“Investing in Burger Singh was a decision driven by my belief in the brand’s potential and its unique approach to the Indian fast-food market. The impressive growth of the company and the successful partial exit is a testament to the hard work of the Burger Singh team and the solid business model they have established,” Singh noted.
UK’s Tide onboards 2 lakh SMEs in India within a year of launch
UK-based financial platform Tide has onboarded over 2 lakh small and medium businesses in India within a year of launch in the country.
The company now plans to launch a credit marketplace platform for its members to help connect small businesses with the right set of lenders, streamlining the process of accessing credit, and significantly reducing the time involved. This solution aims to empower small businesses, offering them efficient, and easy access to formal credit, according to the company.
(The copy will be updated throughout the day with the latest news.)
Edited by Affirunisa Kankudti
