#MarketWire: Indian Govt Plans to Set Up 100 Incubation Centres; Snapdeal Opens Office in California and More

Shown Above: 26 Delhi Indian Government North Block Secretariat Building

Shown Above: 26 Delhi Indian Government North Block Secretariat Building

#MarketWire is your daily roundup of notable business movements in the business and technology industry. This segment features news from the Indian Government, Snapdeal, Flipkart & Freshdesk

Indian Government Planning to Set Up 100 Incubation Centres

Under the new initiatives of Atal Innovation Mission (AIM), the Indian government is planning to set up close to 100 incubation centres, and 500 ‘Atal tinkering labs’ (ATL) for schools. It has committed an initial grant of Rs. 10 crore for establishing AICs over a period of 5 years, and an initial “establishment grant” of Rs 10 lakh to schools (grade VI–XII) across India.

The initiative has been launched by NITI Aayog, which has called for applications to be submitted online from eligible schools, organisations and individuals for the schemes by 27th June, 2016. Read More

Snapdeal Establishes Data Science Centre in California

eCommerce marketplace Snapdeal has announced the establishment of its data sciences centre in San Carlos, California, USA. The new center will focus on big-data and advanced analytics.

“We have a highly accomplished team which can distil key patterns, consumer preferences and hidden correlations by quickly analyzing huge quantities of data. We will bring fresh insights to the existing work and will enhance customer experience through better planning and forecasting,” said Nitin Sharma, Senior Vice President, Data Sciences at Snapdeal. Nitin will head the newly established data centre.

Freshdesk Opens Office in Berlin

Online customer service provider Freshdesk has opened up a new regional office in Berlin, Germany. The move is aimed at strengthening the operations in Europe. The Chennai based company, already has an office in UK.

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In over a year, Freshdesk has doubled its customer base in Europe from 40,000 to 80,000 customers. Read More

Flipkart Launches Zero Interest EMI Scheme for Boosting Sale of Costly Products

Flipkart has tied up with lender Bajaj Finserv Ltd and electronics brands to allow consumers to buy electronics costing over Rs.5000 and pay in equal monthly instalments (EMIs) without paying any interest or downpayment charges.

“According to our surveys, consumers are willing to pay more over time for essential things,” says Surojit Chatterjee, Senior Vice-President, Product, Flipkart. The company aims to boost its sales and increase the average ticket size of the goods purchased on its platform. Read More

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