Startup news and updates: daily roundup (October 18, 2022)

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Flipkart to host first-ever Reside Commerce occasion for two-wheelers on its app

Ecommerce market Flipkart has introduced its first-ever Reside Commerce occasion for two-wheelers to be held on October 18 at 5 pm on the Flipkart cellular app. 

The one-of-its-kind business occasion will likely be hosted by Rannvijay Singha of MTV Roadies fame and auto influencer Rachit Hirani, and can showcase a spread of electrical and petrol two-wheelers from high manufacturers to allow real-time buy.

Flipkart ventured into the two-wheeler section three months in the past with a variety of electrical and petrol two-wheelers out there in over 40 cities from 5 manufacturers.

The startup stated that it has been witnessing elevated buyer demand since its launch, notably throughout the just lately concluded Huge Billion Days.

Avaana Local weather and Sustainability Fund expands its management staff

Mumbai-based Avaana Local weather and Sustainability Fund has appointed Vishnu Rajeev as an Funding Principal and promoted Shruti Srivastava, former Principal, to the function of Funding Director.

Vishnu was beforehand employed because the Mobility and Local weather Tech Lead at Axilor Ventures. 

Along with investments, Vishnu and Shruti will work carefully with founders and the fund’s portfolio corporations within the focus sectors of power transition, useful resource administration, mobility, provide chain decarbonisation, and sustainable agriculture and meals programs. 

Earlier this yr, the fund had onboarded Swapna Gupta as a Associate. Swapna was beforehand at Qualcomm Ventures the place she invested in a number of class leaders together with Shadowfax and Ninjacart.

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Spice Cash appoints Usha Murali as Chief Compliance and Danger Officer

DiGiSPICE Applied sciences subsidiary Spice Cash has appointed Usha Murali as Chief Compliance and Danger Officer (CCRO).

The agricultural fintech startup stated that the appointment goals to strengthen the corporate’s regulatory compliance framework. Usha will likely be working carefully with the administration and the Board of Administrators to make sure that the organisation continues to stick to laws, and assess and mitigate important aggressive, regulatory and technological threats to the organisation.

Usha Murali has three many years of expertise in banking and monetary providers. She is a Licensed Affiliate of the Indian Institute of Bankers and an IIM Bangalore alumna. 

She has labored with Airtel Funds Financial institution, Fincare Small Finance Financial institution, ING Group, Amsterdam, Kotak Mahindra Financial institution, ING Vysya Financial institution, and Central Financial institution of India. Usha’s final project was with Airtel Fee Financial institution as their Chief Danger Officer.

(This story will likely be up to date with the newest information all through the day.)


Edited by Kanishk Singh

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