Insights

Delhi’s EV Charging, Battery-Swapping Facilities To Cross 5,000-Mark By FY24 End: Discoms

Opportunity India Desk Dec 21, 2023 - 3 min read

Delhi is witnessing a rapid expansion of its electric vehicle (EV) charging infrastructure with power distribution companies setting up more than 4,500 charging points and battery-swapping facilities across the city. Officials from distribution companies have announced that the number of these facilities is expected to surpass the 5,000-mark in the coming months, with ...

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Innovation In Blockchain, Cyber Security On Display At Smart India Hackathon 2023

Opportunity India Desk Dec 21, 2023 - 3 min read

Seven teams were declared winners at the grand finale of the Smart India Hackathon (SIH-2023), a 36-hour non-stop Software Product Development event initiated by the Ministry of Education that successfully concluded at Amity University’s Noida campus. The winning teams were given cash prizes of INR 1 lakh each along with trophies ...

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Fintech Startup EnKash Gets RBI Consent To Operate As Payment Aggregator

Opportunity India Desk Dec 21, 2023 - 2 min read

Fintech startup EnKash has obtained regulatory approval from the Reserve Bank of India (RBI) to function as a payment aggregator, operating under the brand name Olympus. EnKash serves as a platform for spend management, providing businesses with the capability to automate payment processes, digitize incoming funds, oversee expenses, and perform additional functions. Spend ...

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E-Rickshaws: Paving Way For Sustainable Future In Public Transportation

Opportunity India Desk Dec 21, 2023 - 4 min read

In recent years, the e-rickshaw market in India has witnessed remarkable growth, reflecting a broader global shift towards sustainable transportation solutions. With a market size reaching USD 1.2 billion in 2022 and expected to reach USD 2.3 billion by 2028, the e-rickshaw sector is poised to play a pivotal role in shaping the ...

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Stanley Lifestyles Opens Flagship Store In Gurugram

Opportunity India Desk Dec 20, 2023 - 2 min read

Luxury furniture and home decor manufacturer Stanley Lifestyles has inaugurated its flagship store, Stanley Level Next, in Gurugram, offering a luxurious experience to homeowners, architects, and interior designers seeking opulent home furnishings. Currently, Stanley Level Next has a presence in major cities, including Bangalore, Cochin, Hyderabad, Mumbai, and Delhi. From bespoke ...

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Motovolt, Swobbee To launch 200 Battery Swapping Stations Countrywide in Next 24 Months

Opportunity India Desk Dec 20, 2023 - 3 min read

Motovolt Mobility has forged ties with German climate-tech company Swobbee to enhance battery charging efficiency, reduce costs, and extend the lifespan of electric vehicle batteries in the country. The collaboration aims to improve the overall user experience in the country by deploying 200 battery-swapping stations within the next 24 months. The ...

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Internovo Ventures Unveils Fintech Platform For MSMEs, Targets Onboarding 1 Lakh Merchants By FY26

Opportunity India Desk Dec 20, 2023 - 2 min read

Internovo Ventures, a collaboration between Interface Ventures and Novostack, has unveiled its cutting-edge fintech platform, Indibook, to streamline record-keeping, accounting, and lending for small businesses. Following the acquisition of Mera Cashier in February 2023, Internovo Ventures has undergone a comprehensive overhaul of the platform's UI/UX, functionality, and features, reintroducing it as Indibook. The ...

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MSME Lender U GRO Capital Secures USD 30 Million From Dutch Bank Through NCDs

Opportunity India Desk Dec 20, 2023 - 2 min read

U GRO Capital, a DataTech Non-Banking Financial Company (NBFC) specializing in micro, small, and medium enterprises (MSME) lending, has secured USD 30 million (around INR 250 crore) through the issuance of Non-Convertible Debentures (NCDs). The funding came from FMO, the Dutch entrepreneurial development bank, which fully subscribed to the INR-denominated NCDs.

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E-Bus Market Share Likely To Double Next Fiscal: CRISIL

Opportunity India Desk Dec 20, 2023 - 3 min read

In the upcoming fiscal year, the share of electric buses (e-buses) in new bus sales in India is anticipated to double to approximately 8 per cent, a notable increase from the current 4 per cent, as projected by CRISIL. This surge is attributed to two key factors: the Central Government's efforts to decarbonize ...

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Meta, ONDC Partner To Empower MSMEs With Digital Commerce Initiatives

Opportunity India Desk Dec 19, 2023 - 2 min read

Meta, the parent company of Facebook, and Open Network for Digital Commerce (ONDC) have jointly taken up the initiative to empower small businesses in harnessing the potential of digital commerce. The initiative aims to educate and enable small businesses to create seamless conversational experiences for both buyers and sellers on WhatsApp, leveraging a ...

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