Jeff Bezos' prediction for India (and other top stories of the day)

By Team YS|16th Jan 2020
The Indian arm of the Seattle-based ecommerce major has grown leaps and bounds since its entry, and CEO Jeff Bezos is of the opinion that India will own the 21st century.
Clap Icon0 claps
  • +0
    Clap Icon
Share on
close
Clap Icon0 claps
  • +0
    Clap Icon
Share on
close
Share on
close

The 21st century saw the advent of a revolutionary mode of business - ecommerce. It gave consumers the power to order all things under the sun, be it food or goods, without getting off one's seat, and it has changed the way the world operates now. 

 

Since we are talking about ecommerce, the first name that comes to our mind is of Amazon. What started as a platform for ordering books online in 1994, has now become a company with a valuation of more than $900 billion.

 

The Indian arm of the Seattle-based ecommerce major has grown leaps and bounds since its entry, and CEO Jeff Bezos is of the opinion that India will own the 21st century. 

 

While in India for the company’s SMBhav summit, Bezos announced that Amazon would be making an “incremental investment of $1 billion in digitising small and medium businesses” to a packed audience of SMB entrepreneurs.

 

Read more on what Jeff Bezos said at the first edition of SMBhav summit, here. 

 

Jeff Bezos, Amazon

Amazon invests Rs 1,715 Cr in India units

amazon

Ecommerce major Amazon has pumped over Rs 1,700 crore into its payments and wholesale business units in India, signalling opportunity that the US giant sees in the country.



Microsoft's Padma Priya Gaggara aims to drive new technologies

Padma Priya Gaggara Microsoft

Padma Priya Gaggara’s role at Microsoft is to identify where latest technologies can be used and to bridge gaps for users trying to find what they need from large volumes of data on the internet.



Why Tier II and III areas have become 'sweet spot' for cybercriminals

Cybercrime Tier II and III cities

Cybercrime in Tier II and III cities

Today, every consumer is a goldmine of data and information. And while users in metros may be familiar with cybercrimes and cybercriminals, what about the new internet users of Tier II and III India?



This organisation is helping farmers, tourists follow sustainable practices

Nag Tibba

The Goat Village at Nag Tibba

Uttarakhand-based Green People is working towards a new blend of agro-tourism, eco-tourism, and rural tourism, and is looking to bridge the gap between urban and rural India through initiatives like ‘Bakri Chhap’ and ‘The Goat Villages’.



Here’s why Chinese tech giants have not had a head start in Southeast Asia

GGV Podcast

In this week’s GGV Podcast, Hans Tung and Dimitra Taslim, Managing Partners at GGV Capital, spoke to Jenny Lee and Jixun Foo of GGV Capital, on the opportunities in Southeast Asia, the role of China’s tech giants in this fast-growing market, and the implications it has for local founders.



These sisters are disrupting the billion-dollar kidswear market 

Greendigo

Greendigo Cofounders - Barkha Bhatnagar Das (L) and Meghna Kishore (R)

Mumbai-based Greendigo is a GOTS certified organic clothing brand for kids up to the age of 12 years. Here’s how the brand is able to attract customers from across the country with its capsule-wardrobe friendly approach.



FMCG industry leader Rajeev Bakshi joins the board of Ola Foods

Rajeev Bakshi, Ola

Rajeev Bakshi

Cab hailing aggregator Ola today welcomed Rajeev Bakshi as an advisory member to the board of its food business Ola Foods. Rajeev carries over 40 years of leadership experience across food and FMCG businesses with the likes of Metro Cash and Carry, PepsiCo, and Cadbury.



Now get the Daily Capsule in your inbox. Subscribe to our newsletter today! 

Clap Icon0 Shares
  • +0
    Clap Icon
Share on
close
Clap Icon0 Shares
  • +0
    Clap Icon
Share on
close
Share on
close