In the modern era of technology where most of the Indian users are very much concerned about the privacy and particularly Indian Government, which has given more or less strict warning to tech giants like Facebook, Google, and Twitter, the draft data protection bill has been under discussion since a long time.
Prior to that only, Google’s CEO Sundar Pichai has asked for free-cross border flow of data, in a letter to the Minister of Law & Justice and Electronics & Information Technology, Ravi Shankar Prasad. He stated in the letter as “Free flow of data across borders – with a focus on user privacy and security – will encourage startups to innovate and expand globally and encourage global companies to contribute to India’s digital economy.”
In the letter, Sundar Pichai also stated that Google shares the vision of creating a truly ‘Digital India’ and Google remains firmly committed to being part of the India growth story. He also thanked Ravi Shankar Prasad for this visit to Google’s headquarters in Mountain View, California.
Lastly, Pichai has also mentioned the company’s plan in India for enabling access, Indic language computing, artificial intelligence solutions for social good and capacity building of startups and small and midsize business. “The Google team in India will be in touch with your office to follow up on some of the specific topics we discussed during our meeting,” Sundar Pichai wrote.
Draft Data Protection Bill Causing chaos in India
Presently, the draft data protection law, approved by the Justice Srikrishna committee, suggests that every data reliable in India shall make sure the storage of minimum one serving a copy of personal data on a server or data center located in India. The government possesses the right to notify some categories of personal data as critical personal data which must be stored in a data center that belongs to India. Moreover, the draft e-commerce policy also requests for local storage of personally sensitive data. The reserve bank of India has made compulsory for payments companies to store data within the country only. This will ensure that the privacy details remain secure in any case of a hack.
The payment system firms have been provided a time period of 6 months to implement the new rules. As per RBI, currently, only a few of the payment system operators in India and their outsourcing partners store user data either partially or fully.
Lately, industry body Internet and Mobile Association of India (IAMAI) has shown concern regarding the data localization and information processing saying it “restrictive” and indicating it might hurt Indian startups. It has also advised that other countries, where Indian startups are expanding to, might avenge by demanding reciprocal data localization. Moreover, IAMAI has stated that the data localization forces Indian startups to choose more expensive and incompetent local solutions.
Delivery Startup DailyNinja acquires Hyderabad-based WakeUpBasket
Similar to DailyNinja, WakeUpBasket also offers early morning delivery of household products such as milk and groceries along with various other products. The latest acquisition comes just after DailyNinja has acquired 4amShop just a few months ago. From this, it seems that the firm is constantly thriving to expand its services in different cities across India.
WakeupBasket was founded by Satendra Pratap along with Sai Varaprasad in 2016. The startup completes around 2,500 orders per day in Hyderabad. WakeUpBasket has been functioning since last two & a half years in Hyderabad. After this acquisition, all the employees along with founders will shift to the DailyNinja platform.
Anurag Gupta, Co-founder of DailyNinja said, “Both of these acquisitions have helped us in scaling fast and understanding the local market. We loved the execution skills and passion of WakeUpBasket’s founding team, thus made them Hyderabad City heads and a part of our core team.”
DailyNinja was founded by Sagar Yarnalkar and Anurag Gupta. The firm offers early delivery of everyday products. The firm currently reaches to around 40,000 households daily and has 55,000 subscribers.
Anurag further said, “We are growing at 20% MoM. This has been made possible by launch in three new cities – Chennai, Mumbai and Pune where we are seeing excellent response. We are looking to reach 20,000 daily transactions from Hyderabad in the next six months, as we currently stand at 5000 transactions a day.”
The latest acquisition by DailyNinja has acquired by two sequential rounds of funding. One was $3M in June and then obtained undisclosed amount of funding from venture capital Matrix Partners. The firm main goal is to implement its business model in different cities across India and reach over 1.5 lakh people in the next six months.
Flipkart teams-up with Bajaj Allianz to provide mobile insurance
E-commerce giant Flipkart on Sunday said it entering into the insurance segment after securing a corporate agent license.
“Flipkart has teamed up with Bajaj Allianz General Insurance to provide customized insurance solutions to power our complete mobile protection programme for all leading mobile brands sold on our platform with Bajaj Allianz,” said Flipkart in a statement.
In the latest initiative, it will provide both cash payout or free pick up, service and drop convenience to customers.
The mobile insurance plan will be valid for a year. The plan will cover accidental screen, liquid damage, and theft for phones. For claims, customers will either have to return the phone for fixing or choosing for a cash payout which will be deposited in his/her bank account.
The complete mobile protection plan starts at Rs 99 and it will be activated from the day on which device is delivered. The insurance plan for the customers will be available from October 10, the same day on which The Big Billion Day starts.
“Insurance is the next initiative in offering customers with excellent after-sales care for their phones. The plan, from purchase to claim, will be completely incorporated into our online platform,” said Ravi Garikipati, who is the senior vice president and head of Fintech.
As per one report, there are about 36% of mobile phone users in India which possess smartphones. As per IDC, the smartphone market in India will reach double-digit growth in 2018.
Tapan Singhel, MD & CEO, Bajaj Allianz General Insurance said, “Bajaj Allianz General Insurance has always been at the forefront in exploring new avenues for our customers and being there for them wherever they are, and this partnership with Flipkart is a step in that direction.”
According to the financial year 2017-18, Flipkart’s Gross-Merchandise Value (GMV) is $7.5 billion and net sales of $4.6 billion, showing 50% year-on-year growth.
Flipkart consists of one-lakh sellers and it offers 80 million products in 80 categories, along with smartphones, electronics, sports goods, fashion, furniture, etc.
Gurgaon based Burger Singh plans to launch 40 new franchise stores
Burger Singh is one of the popular fast food restaurants in the New Delhi NCR. It is also the largest chain of homegrown Indian flavour burgers in the QSR category, declared today its plans to provide investment in forty franchises for shop owners across the country.
The investment model which is also referred to as franchise-owned-company-operated is simple and provides guaranteed returns for shop owners with just shop set-up investment. The branch is growing at a rate of 600% YoY with an effective presence in North and West India with 23 outlets is welcoming new franchises in order to expand its services.
Kabir Jeet Singh said, “We are looking to target shop owners only right now. The idea fits our vision to make Burger Singh synonymous with QSR globally. Having established a strong foothold in the Northern and Western region of the country, the franchise model makes sense to expand the business further. It is a win-win for all involved since we get the space, and the shop owners get guaranteed returns on their investment.”
He further added, “Along with the benefits to shop owners, Burger Singh will ensure the highest quality and standards are met and maintained in all upcoming franchises. Our customers are the top priority and there are no compromises there.”
About Burger Singh
Kabir Jeet Singh along with its partner Nitin Rana launched Burger Singh in 2014. The Gurgaon based startup has quickly expanded into a chain of quick service restaurants (QSR) with 25 outlets – 20 in Delhi NCR, one in Dehradun, Pune and Nagpur and 2 in the UK.
Burger Singh specialties include vegetarian Keema Pao, the Pao Bhaji Burger, Malabar Express Chicken Burger & Channa Burger for the vegetarians, Amritsari Murgh Makhani Burger, Jaatputt Chicken Burger, Udta Punjab Burger, Bunty Pappeh Da Aloo Burger and the United States of Punjab Burgers in both vegetarian & non-vegetarian options, amongst others.
It was launched with an investment of 1 Crore, put in by the founders, their families, and friends, the startup has obtained Rs 7.5 Crore in two rounds of funding, one in October 2015 and other in December 2016. Funding has helped the startup to launch new restaurants in different cities across India.
The main purpose of the company is to build the technology to manage the company’s supply chain, and fluent communication between vendors, employees, and customers were some of the main challenges of Burger Singh. Burger Singh was awarded the Most-admired Food Services Chain 2017 in QSR category by India Retail Forum and Best Emerging QSR Chain 2017 by the Indian Restaurant Congress.
What are the future plans of Burger Singh?
The Startup currently has a staff of 370 members, gained Rs 9 Crore in revenue in 2017-18 and it is optimistic to tripling its growth by 2018-19. Singh said, “We are expecting a three-fold growth and seek to increase Burger Singh’s outlet count to 38 by the end of this financial year. The idea is to do to the burger space what Domino’s did to the pizza market.” The firm has also signed a contract to launch 18 outlets in the UK, two of which are already started.
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