🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

DPIIT officials, Flipkart, toy makers to meet on Wednesday on ways to increase sourcing

YourStory

YourStory · 1y ago

DPIIT officials, Flipkart, toy makers to meet on Wednesday on ways to increase sourcing

Senior officials from the Commerce and Industry Ministry, Walmart-owned Flipkart, and domestic toy makers are set to meet to discuss ways to increase sourcing and onboarding of manufacturers on the ecommerce platform and upskilling. The Indian government and Flipkart aim to enhance India's position in the global toy supply chain and make the country a global manufacturing hub for toys. The workshop will provide an opportunity for domestic players to increase their presence on Flipkart's platform and explore opportunities for growth and exports. India's toy exports have seen a decline recently, and the government hopes to turn this around through these initiatives.

Related News

Govt steps help boost toy exports, manufacturing; more work needed: DPIIT Secy

YourStory

YourStory · 1y ago

Govt steps help boost toy exports, manufacturing; more work needed: DPIIT Secy

The Indian government has taken measures to boost toy exports, including mandatory quality control orders and increased customs duty. The Department for Promotion of Industry and Internal Trade (DPIIT) is also working on extending fiscal incentives under the Production Linked Incentive (PLI) scheme for the sector. The country's toy exports have risen from $96.17 million in 2014-15 to $325.72 million in 2022-23, while toy imports have decreased. The government aims to make India a global hub for toy manufacturing through initiatives such as the National Action Plan for Toys (NAPT) and collaborations with online platforms like Flipkart.

DPIIT inks pact with Hafele India to help startups in manufacturing sector

YourStory

YourStory · 1m ago

DPIIT inks pact with Hafele India to help startups in manufacturing sector

The Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with Hafele India to support startups in the manufacturing sector. This agreement focuses on product innovation, local sourcing, and entrepreneurship through investment, mentorship, and global value chain integration. Hafele will offer infrastructure access, supplier development, technical collaboration, and market opportunities to startups and MSMEs. DPIIT aims to empower startups through ecosystem access and partnerships aligned with the Make in India initiative.

Flipkart Ventures and DPIIT launch Flipkart Tourism Challenge

YourStory

YourStory · 2m ago

Flipkart Ventures and DPIIT launch Flipkart Tourism Challenge

Flipkart Ventures, in collaboration with DPIIT, has launched the Flipkart Tourism Challenge, part of India’s Startup India initiative. The program seeks innovative travel-tech solutions to enhance traveler experiences, focusing on areas like AI-enabled pricing tools and tech-integrated experiences. Open to DPIIT-recognised startups and Indian companies, the challenge aims to foster technology-driven solutions. Winners receive mentorship, prize money, and potential integration with Flipkart’s ecosystem, supporting the growth of India’s digital economy and startup landscape.

FM Nirmala Sitharaman To Meet Fintech Heads Amid Paytm Payments Bank Crisis

Inc42 · 1y ago

FM Nirmala Sitharaman To Meet Fintech Heads Amid Paytm Payments Bank Crisis

Finance Minister Nirmala Sitharaman is set to meet with heads of fintech startups on February 26 to address concerns and reassure the sector that it remains a priority for the government. The meeting will also be attended by a deputy governor of the Reserve Bank of India (RBI) and officials from the Ministry of Finance, Ministry of Information Technology, and Department for Promotion of Industry and Internal Trade (DPIIT). The RBI recently imposed restrictions on Paytm Payments Bank for non-compliance, prompting entrepreneurs to call for a review of the regulatory action. The RBI has since extended the deadline for the business restrictions.

Flipkart influencing prices for select sellers, funding discounts, alleges Madras HC lawyer

Economic Times

Economic Times · 9m ago

Flipkart influencing prices for select sellers, funding discounts, alleges Madras HC lawyer

A Madras High Court lawyer has filed a complaint with the DPIIT, alleging that e-commerce platform Flipkart is offering discounts to select sellers, creating a non-competitive environment. The lawyer claims that sellers on Flipkart have brought this practice to his attention, providing screenshot evidence of communication from Flipkart and its platform Shopsy. Flipkart has not responded to the complaint. The lawyer argues that these discounts, which are funded through waivers, influence the pricing of certain sellers and undermine fair trade principles. The Confederation of All India Traders has also urged the government to suspend festive sales events by Flipkart and Amazon due to anti-competitive practices.

Adani-owned Ambuja Cements buys south Indian rival for $1.25 bn

VCCircle

VCCircle · 1y ago

Adani-owned Ambuja Cements buys south Indian rival for $1.25 bn

Ambuja Cements, owned by the Adani group, has acquired Penna Cement Industries for $1.25 billion. This move is aimed at expanding their presence in South India and competing with market leader UltraTech Cement. The deal will increase Adani Cement's market share by 2% across India and 8% in South India. Ambuja Cements will fund the acquisition through internal accruals. Cement makers in India are focusing on increasing production to meet the growing demand in the construction sector.

Energising talk on AI, India: Bhavish on meeting SoftBank's Son

Inshorts · 7m ago

Energising talk on AI, India: Bhavish on meeting SoftBank's Son

Ola CEO Bhavish Aggarwal took to X to share pictures with SoftBank CEO Masayoshi Son after they met in Delhi on Wednesday. "Always amazing to meet Masayoshi Son...Such an energising discussion on AI, AGI, Energy and India," he wrote. Son will also reportedly meet Prime Minister Narendra Modi during his visit.

Flipkart-backed Ninjacart’s sales cross INR 1,000 Cr mark in FY23

Inc42 · 1y ago

Flipkart-backed Ninjacart’s sales cross INR 1,000 Cr mark in FY23

Flipkart-backed Ninjacart, a B2B agritech startup, reported sales of INR 1,153.4 Cr in FY23, a 19% increase from FY22. The company primarily sells fresh fruits and vegetables to retailers by sourcing directly from farmers. Total revenue, including other income, reached INR 1,212.3 Cr, up 22.3% from the previous fiscal year. While the operating revenue grew, the startup also experienced a 6% increase in losses. Total expenditure rose by 18%, with procurement costs accounting for the highest proportion. Ninjacart has raised over $350 Mn in funding and expanded to the Brazilian market.

Flipkart allegedly cancels smartphone orders after offering 99% discount; criticised

Inshorts · 9m ago

Flipkart allegedly cancels smartphone orders after offering 99% discount; criticised

Several customers accused Flipkart of "cheating" after the company allegedly cancelled their smartphone orders after making the devices available at a 99% discount. The hashtag "flipkartscam" was trending on X on Wednesday, with users sharing screenshots of their cancelled orders. "It was not a bug, glitch or price error. It was clearly a Flipkart FireDrops offer," a customer said.

Working with suppliers to achieve target of $10B sourcing from India: Walmart CEO

YourStory

YourStory · 8d ago

Working with suppliers to achieve target of $10B sourcing from India: Walmart CEO

Walmart aims to reach a $10 billion sourcing goal from India by 2027, focusing on categories like apparel, food, and toys. The company has made significant progress in sourcing with increased collaboration with Indian suppliers. During his India visit, Walmart CEO Doug McMillon emphasized the growth of their ecommerce platforms Flipkart and PhonePe, and highlighted Walmart Vriddhi’s role in empowering MSMEs. Walmart has sourced goods worth over $30 billion from India in the past two decades.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

'We are busy building Bhujia comp ...

JioBlackRock Broking receives SEB ...

Railways launches RailOne Super A ...

Download the medial app to read full posts, comements and news.