Debroop Roy | Page 9

While the government is pushing for EVs, problems around awareness and infrastructure must be tackled head-on

If approved, start-ups such as Dunzo and Zomato would be able to cut down costs and drive faster deliveries

With expectations that the number of start-ups in India will double, the government must make clear and consistent policies to help them scale and survive.

The funding for Dunzo comes at a time when the company is battling deep discounting from food delivery start-ups and the entry of e-commerce giant Amazon into the hyperlocal space.

The start-up intends to use the funds for brand building, launching new products and growing the management team.

A 6 per cent year-on-year rise in investments was led by Reliance Jio's deal with Brookfield and the overall IT sector.

Having grown more than five-fold in the last 10 years, the home-grown company is betting on country-wide expansion and rebranding to reach greater heights.

Facebook's intention to invest more in the country follows the footsteps of the likes of Amazon, Microsoft and Google.

As Amazon and Flipkart gear up for another discount war, Xiaomi and Samsung will battle it out for smartphone supremacy.