NEW DELHI: US retail giant Walmart and Flipkart on Wednesday said they will jointly invest in Bengaluru-based business-to-business (B2B) supply chain company, Ninjacart The three partners aim to help ensure better access to high-quality fresh produce for retailers and consumers across India while also creating economic opportunities for farmers, a statement said.The company however did not disclose the financial details of the transaction.

It moves over 1,400 tonnes of fresh produce per day.It has over 44,000 farmer suppliers and a customer base of 60,000 kirana stores and restaurants across seven cities.

"Developing Flipkart Supermart over the past year, we have focused on creating the right infrastructure, supporting local farmers, producers and food processors, and building sustainability into the ecosystem," Flipkart Group CEO Kalyan Krishnamurthy said.Thirukumaran Nagarajan, CEO and Co-founder of Ninjacart, said with the support of Flipkart and Walmart, the company sees new possibilities to improve the lives of its farmers, retailers and restaurant partners.

The transaction is expected to close by the end of the month.

"Ninjacart's focus on direct-from-farm sourcing resonates well with Walmart's commitment to supporting farmers in India. | To read full story, visit https://startuparound.com/read/1576056606.421598/Walmart,-Flipkart-invest-in-Ninjacart?ref=audio_experience

The journey to being an expert begins hereSalesforce's Trailhead offers expertise in tech skills, business skills, presentation skills, writing skills and soft skills, among others, to upgrade for the future job market.

With a huge community of Trailblazers constantly growing in India, the TrailheaDX event will feature developer-focused content.

After the US, India is home to the second highest number of Trailblazers learning and earning Salesforce skills and badges on Trailhead.

While there are several reasons to pack your bags for TrailheaDX 2019, here are a few must-attend reasons:Get access to hundreds of hands-on workshops, technical sessions, keynotes and demos led by experts.

Click here to register for two action-packed days of Salesforce TrailheaDX 2019. | To read full story, visit https://startuparound.com/read/1576054808.2585356/It’s-time-for-India’s-youth-to-upskill-as-Salesforce's-Developer-Conference-TrailheaDX-2019-comes-to-Bengalur?ref=audio_experience

Amazon came up with the Fire TV edition smart TVs in 2018 in the US and CanadaAmazon partners with Onida to introduce Fire TV edition smart TVs in India.

Amazon came up with the Fire TV edition smart TVs in 2018 in the US and Canada.

“We have seen great momentum to the Fire TV edition smart TVs so far.

The Fire TV edition smart TV has the Fire TV experience built-in and will come in two variants, to begin with.

Smart TV category saw the maximum sales during festive season sale of Flipkart and Amazon. | To read full story, visit https://startuparound.com/read/1576053007.2190905/Amazon-Ties-Up-With-Onida-To-Launch-Fire-TV-Edition-Smart-TV-In-India?ref=audio_experience

As we gear up for the end of the year and examine the journey of the high profile exits and hires of the Indian startup ecosystem in 2019.

It has raised $112.8 Mn from investors such as Kalaari Capital, Steadview Capital, Trifecta Capital etc.

In April 2019, Rajan Anandan resigned as vice president for Google South East Asia and India, and joined Sequoia Capital India as managing director.

Gupta will be taking over the role from Mahesh Narayanan, who was country manager for India from January 2019 to June 2019.

As the year comes to a wrap, in one of the major senior management high profile reshuffles this year, OYO Hotels and Homes elevated its year-old India CEO Aditya Ghosh to the board. | To read full story, visit https://startuparound.com/read/1576051206.6052952/2019-In-Review:-High-Profile-Exits-And-Hires-At-Indian-Startups-This-Year?ref=audio_experience

Increasing the focus on the country even further, TikTok owner ByteDance is now testing a new music app in India and Indonesia.

The music app, called Resso, has been installed by about 27 K users in India and Indonesia across the iOS App Store and Google Play since an initial launch six months ago, according to data compiled by Sensor Tower.

The social video app TikTok touched 1.5 Bn downloads worldwide on the App Store and Google Play recently and India topped the chart with 466.8 Mn installs, which was about 31 percent of all installs.

Speculations about TikTok in talks with big music labels to enter the online music streaming space started in November 2019.

People are shifting from traditional methods to music streaming and thereby creating a big market for big scope for TikTok. | To read full story, visit https://startuparound.com/read/1576049405.4303708/TikTok-Owner-Tests-Music-App-Resso-In-India:-Should-Spotify,-Gaana-Be-Worried??ref=audio_experience

Delhi and UK-based online fashion marketplace Koovs has reportedly sold its assets and business operations to SGIK 3 Investments, according to media reports.

Notably, SGIK 3 Investments is owned by Koovs’ largest secured creditor and chairman Waheed Alli.

With this deal, Future Group became the largest shareholder in Koovs.

Indian billionaire Biyani’s Future Lifestyle Fashion is part of the country’s largest retail firm Future Group.

Earlier, the Future Group had also attempted to buy a significant stake in online fashion marketplace Jabong, however, it was acquired by Myntra. | To read full story, visit https://startuparound.com/read/1576047606.9698591/Koovs-Acquired-By-SGIK-3-Investments-As-Future-Group-Fails-In-Rescue?ref=audio_experience

As a result, the average ticket size of UPI transactions has more than halved from Rs 3,902 in FY17 to Rs 1,751 in FY20 till date.While the ticket size is getting smaller the frequency of use is increasing.

The decline in average ticket size has been secular in FY20.

From Rs 2,078 in May 2019, it dropped to Rs 1,942 in June, Rs 1,780 in July, and to Rs 1,552 in November.NPCI said more people are using UPI to shop.

“Increasing share of P2M is shrinking the average transaction size.

He added that the P2M transactions are on an average between Rs 450-700, while P2P transactions are largely above Rs 1,000. | To read full story, visit https://startuparound.com/read/1576045907.0531952/Autos-to-tea-stalls:-UPI-makes-inroads?ref=audio_experience

Ada Ventures is one of a small but growing group of funds in Europe focusing on underrepresented founders.

“It’s a massive relief,” says Warner, who is also cofounder of non-profit organisation Diversity VC.

That’s a lot to do.”Today, it finally launches — 17 months after founders Check Warner and Matt Penneycard began raising.

Ada Ventures, a new $34m London-based venture capital fund investing in overlooked founders, has been a badly kept secret for a while now.

It’s not the only VC to adopt this strategy: London-based fund Backed VC has also built a team of scouts. | To read full story, visit https://startuparound.com/read/1576044112.2796001/Ada-Ventures-launches-$34m-fund-for-overlooked-founders?ref=audio_experience

However, reiterating the importance of privacy, the draft, seen by Inc42, clearly states that except for any specific, clear and lawful purpose, no personal data shall be processed by any person.

Personal data can be processed without consent only after taking into consideration factors such as public interest.

If the users withdraws consent, the data has to be removed.

company or agency asking for the data and the data processor processing the data shall implement necessary security safeguards, including use of methods such as de-identification and encryption, steps necessary to protect the integrity of personal data; and steps necessary to prevent misuse, unauthorised access, modification, disclosure or destruction of personal data.

It also says that every data fiduciary and data processor shall undertake a review of its security safeguards periodically. | To read full story, visit https://startuparound.com/read/1576042207.4458146/Data-Protection-Bill-Allows-Law-Enforcement-To-Use-Personal-Data-Without-Consent?ref=audio_experience

Electric Vehicle Startups Driving India Towards A Sustainable FutureThe transition to electric vehicles will not happen overnight and will be similar to how cars with engines replaced horse-drawn carriages.

With the push from the government’s side, innovation is not coming primarily from the traditional automobile giants, but from India’s EV startup ecosystem.

India’s sustainability goals are dependent on electric mobility, and we have curated a list of EV startups that are supporting this drive for a greener future.

It builds electric vehicles and controls the entire electric vehicle supply chain from batteries to electric vehicles.

In addition, Emflux also provides electric mobility solutions to other businesses such as electric vehicle batteries, battery management system and much more. | To read full story, visit https://startuparound.com/read/1576040406.9096363/Electric-Revolution:-The-Startups-Driving-India’s-EV-Ambition?ref=audio_experience