Shiprocket goes dwell on ONDC
Transport and logistics resolution supplier introduced that it has gone dwell on . The primary profitable transaction was fulfilled on October 22.
Shiprocket is the primary inter-city logistics supplier to plug into the ONDC community. The event expands ONDC’s footprint from hyperlocal logistics to inter-city transport throughout India, enabling merchandise to be picked up and delivered from all corners of India.
“ONDC’s mission is to allow an inclusive ecommerce ecosystem for all of India the place a enterprise in a small village in a distant nook of India can have the boldness and the chance to promote their merchandise to prospects anyplace within the nation. With Shiprocket and ONDC working in tandem, that is now a actuality,” ONDC CEO T Koshy mentioned in a media assertion.
ONDC and Shiprocket are additionally working to allow warehousing-as-a-service on ONDC. This may permit small and medium companies to offer same-day transport providers to their prospects.
SUGAR Cosmetics appoints Amit Aggarwal as new CFO
Premium magnificence model has introduced the appointment of Amit Aggarwal as its Chief Monetary Officer (CFO). He’ll oversee the agency’s monetary operations together with monetary planning and evaluation, reporting, taxation, threat administration and treasury operations.
Previous to becoming a member of SUGAR, Amit was main the finance staff at Marico Restricted as their Head of Finance – India Enterprise. With over 20 years of expertise, he has been related to giant multinational corporations akin to Nestle India and Worth Waterhouse Cooper.
“His (Amit) huge expertise and talent in dealing with monetary selections will assist us develop responsibly in the direction of our aim of an eventual IPO. We sit up for him working carefully with our quite a few enterprise items to implement the corporate’s imaginative and prescient of balancing aggressive growth with a watch on profitability,” SUGAR Cosmetics Co-founder and CEO Vineeta Singh,” mentioned in a media assertion.
Cashfree Funds launches lending resolution to assist NBFCs, LSPs
Fee and API banking options agency rolled out its disbursement and collections resolution for lending to allow Non-Banking Monetary Corporations (NBFCs) and Mortgage Service Suppliers (LSPs) to adjust to RBI’s new Digital Lending pointers.
The corporate mentioned it would facilitate each digital lending and co-lending use instances by way of its resolution.
“The digital lending and co-lending segments in India have grown very quickly pushed by the excessive fintech adoption within the nation. With the exponential progress, there’s a robust have to allow compliant and scalable options for mortgage disbursals, mortgage compensation, KYC verification amongst different issues,” Cashfree Funds Co-founder and CEO Akash Sinha, mentioned in a media assertion.
(This text might be up to date with the most recent information all through the day.)
Edited by Megha Reddy
