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Should India regulate Google, Apple app stores? developers say yes
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Home News Should India regulate Google, Apple app stores? developers say yes
Should India regulate Google, Apple app stores? developers say yes
- Last month, the country set a global precedent by passing a legislation which forces Google and Apple to open their app stores to alternative payment systems.
- Apple and Google also said they would charge a lower 15% commission from developers with less than $1 million in yearly revenue from app payments.
- Now we have the South Korean legislation which directs Apple and Google to allow developers to have alternate payment methods within their app.
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Shoppers Stop onboards Accenture to boost digital space
- Mumbai-based fashion retail chain Shoppers Stop has onboarded Accenture to drive the company’s digital transformation needs across multiple retail channels as well as move into an omni-channel retail model.
- Shoppers Stop currently provides shopping through WhatsApp, website and phone applications.
- Shoppers Stop currently has 84 departmental stores in 44 cities, along with 11 home concept stores, 130 beauty stores for products such as M.A.C., Estee Lauder, Smash Box and the likes.
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Flipkart rolls out service-fee model to aid, help fund 100 D2C cos
- Ecommerce major Flipkart on Tuesday said it has launched Flipkart Boost, a service-fee modelled programme that aims at accelerating business growth of select digital consumer brands.
- Citing a report by Avendus Capital, Flipkart said that the D2C sector in India is worth $44.6 billion as of FY21 end.
- A majority shareholder in PhonePe, Flipkart brands include Flipkart, Myntra, Flipkart Wholesale and Cleartrip.
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Indian crypto exchange CoinSwitch Kuber in talks to raise funds at unicorn valuation
- If the talks materialize in a deal, CoinSwitch Kuber will become the second crypto startup in the world’s second largest internet market to attain the unicorn status.
- The investment talks come at a time when CoinSwitch Kuber has almost doubled its userbase in recent months – even as local authorities push back against crypto assets.
- B Capital backed CoinSwitch Kuber’s rival CoinDCX last month in a $90 million round that valued the Indian startup at about $1.1 billion.
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