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The Centre has asked Amazon and Flipkart to set up Open Network for Digital Commerce (ONDC) storefronts on their home pages to help the government-backed network scale up operations and assist with deliveries, said executives aware of the development. The aim is to boost operations and order efficiencies as well as iron out glitches and delays on ONDC, they said.
Sources told ET Ather Energy is also in the final stages of plans to raise $75-90 million (about Rs 750 crore) in primary funding from existing investors. This underscores increasing investor interest in the company and the mobility segment. The company is also approaching new investors.
This Bengaluru startup is rewriting the rules of the ride-hailing game. From three-wheelers, it is spreading wings to the four-wheeler category. And this has the potential to bring a massive disruption in app-based mobility. Are incumbents, Ola and Uber, ready for this new ride?