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Business correspondents (BCs) are being roped into the governments financial inclusion plans in a big way. Besides providing traditional services such as account opening and payments, these last-mile banking intermediaries have now ventured into more complex areas like credit and insurance. This and more in todays Morning Dispatch.

Companies across all segments of ecommerce and logistics are planning to hire two-three times more people (pickers, packers, loaders and warehouse and delivery persons) every month from September to November compared with a year earlier.

Ecommerce Logistics: Companies across all segments of ecommerce and logistics are planning to hire two-three times more people (pickers, packers, loaders and warehouse and delivery persons) every month from September to November compared with a year earlier.

Lucknow has witnessed approximately Rs 400 crore of investment by leading players like Amazon, Mondelez, Flipkart in the last five years, and an additional Rs 70 crore investment is expected in the development of warehouses in the city, according to a report by CBRE.

Currently, the Lucknow region has a total of 5.2 million square feet of warehouse stock with about 1.4 million square feet of Grade A supply in the pipeline on the Lucknow-Kanpur highway cluster

After growth on steroids for many years, the logistics startup hit a roadblock in 2022-23

With an advanced pipeline of land parcels in key warehousing micro markets such as Mumbai Metropolitan Region (MMR), Chennai, Bengaluru, and Lucknow already in place, the fund is positioned to add 10-12 million sq ft of new projects to its existing portfolio of the company. This is the largest alternative investment fund (AIF) being raised for the warehousing and logistics sector in India and has raised the money from domestic high net-worth and family office investors.

YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Wednesday, June 28, 2023. WatchYourHealth raises $2.2 million from Global Health Ventures WatchYourHealth (WYH), a health tech SaaS platform has raised $2.2 million from Conquest Global

The company says it has reached an agreement to reduce its overall debt by $2.1 billion.

(This story has not been edited by THE WEEK and is auto-generated from a PTI