You are currently viewing Startup news and Updates: Daily roundup (October 13, 2023)

Startup news and Updates: Daily roundup (October 13, 2023)


Bobble AI appoints Ravi Shharma as its CBO

AI-powered Conversation Media Platform Bobble AIBobble AI appoints Ravi Shharma as its new Chief Business Officer.

As the CBO, Shharma will be responsible for driving B2B business growth for existing revenue streams–A&M (Advertising & Marketing), DaaS (Data as a Service), and TaaS (Technology as a Service) and future streams, overseeing sales and revenue generation strategies, and exploring new market opportunities to scale revenue.

He will work closely with the executive team to steer Bobble AI towards continued success and growth and report to Founder & CEO Ankit Prasad.

Bobble AI is a conversation media platform that offers mobile marketing and advertising solutions to brands, serving more than 700 global and Indian brands. With 85 million users in India and Indonesia, the company designs campaigns and solutions.

iThink Logistics and India Post unite to boost ecommerce deliveries

India Post has partnered with iThink Logistics, a logistics platform, to create a strategic tech integration that aims to provide significant advantages to Direct-to-Consumer startups and small and medium businesses in India.

The collaboration aims to empower D2C businesses to expand beyond urban hubs, with ecommerce penetration rates in Tier II and Tier III cities reaching 21.4% and 41.5%, respectively in 2022, despite marketplace giants like Flipkart, Myntra, and Meesho struggling with limited serviceability.

It also aims to create economical deliveries, particularly in rural areas with less developed logistics infrastructure.

iThink Logistics is a shipping platform for D2C brands in India, serving over 26,000 pin codes. Its online portal allows users to import orders, book parcel shipping services, print labels, and receive real-time shipment tracking updates.

The platform features a patented six-step NDR, an insightful dashboard, and a dedicated key account manager. It has 5,000 satisfied customers, a daily volume of over 25,000 shipments, and coverage in 180 countries.

IVCA Partners with ISB to launch a ‘Startup Board Member Training Programme’

The Indian Venture and Alternate Capital Association (IVCA) in partnership with the Centre for Business Innovation (CBI) at the Indian School of Business (ISB), has launched a training programme for PE/VC fund managers.

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The programme, sponsored by IVCA members like Accel, Ascent, Catamaran, Peak XV Ventures, Ski-Capital, T-Hub, and TMF Group, is designed for professionals appointed by private capital funds on the boards of early-to-growth companies.

It aims to enhance strategic thinking and critical analysis, focusing on economic drivers of business performance and valuation.

Its a two-day certification program that will be held in Mumbai, Bengaluru, and Delhi every quarter, covering 16 hours of classroom instruction. The program covers metrics like growth, profitability, and value creation, valuation, corporate governance, auditor collaboration, financials, valuation, industry leaders, equity analysts, and regulatory interactions.

Hitachi Payment Services launches HPX, an innovation program for fintech startups

Hitachi Payment Services announced the launch of its innovation program, HPX, aiming to revolutionise the payment industry by partnering with fintech startups for long-term investment.

Hitachi Payment Services is partnering with fintech and payments disruptors to provide innovative payment experiences for businesses and consumers.

The HPX initiative offers participants access to capital, expedited commercialization of innovative payment solutions, industry partnerships, and the opportunity to extend their influence beyond India.

The company will focus on key segments like Core Banking, Banking as a Service, Embedded Finance, Web 3.0/ CBDC, Issuance, Payments Compliance, and AI/GenAI.



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