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The ETtech team has been neck-deep preparing for the past few months to bring to you the 10th edition of The Economic Times Startup Awards (ETSA). Today, we are unveiling the elite jury and nominees for the Bootstrap Champ and Top Innovator categories.
Zomato’s entry into the entertainment space has cast a cloud over KKR’s investment in BookMyShow. This and more in today’s ETtech Top 5.
Happy Thursday! Mobility startup Rapido has raised $200 million in funding. This and more in today’s ETtech Morning Dispatch.
Tech Bytes
India now leading in tech advancements, not playing catch-up: Nvidia South Asia MD
Vishal Dhupar, managing director of Nvidia South Asia, attributed this advancement to three factors: volume, diversity of languages, and the ability to collaborate. The size and breadth of India's culture, which spans 5,000 years, play a crucial role, he said.
How ULI, OCEN will redefine credit access to small companies, rural borrowers
The Unified Lending Interface (ULI), which will be rolled out soon nationwide and the Open Credit Enablement Network (OCEN) launched in 2020, both aim to enable credit access across India. ULI can do it for all sectors, but especially focusses on MSMEs and agricultural borrowers. OCEN does it strictly only for MSMEs, and is for cash-flow based short-tenor loans. ET explains similarities and differences between the two.
Operational expansion to 'Foxconn City': A look at Foxconn's India announcements
Foxconn chairman Young Liu said Taiwan can become India’s “most trusted and reliable partner” and that Foxconn is looking to position itself in that way. The company has dialled up investment in the country, as it looks to manufacture more than just iPhones and move up the value chain.