Page 3 - Mayank Kumar News Today

Amazon has started onboarding sellers from across the country and is asking them to list unbranded products, priced at Rs 600 or less. The platform will offer products like apparel, watches, shoes, jewellery and luggage.

Upgrad cofounder Ronnie Screwvala huddled up with a group of founders and edtech leaders to discuss the way forward from the perception hit, which the sector has taken as a result of the doings of just one company.

The move is aimed at ensuring that millions of Paytm Fastag users do not face any hassle while using toll roads after the cut-off date, people aware of the matter told ET. The government is apprehensive of the inconvenience that will be caused to Paytm users, they said.

The upGrad co-founder further added that the focus will not be on investor appeasement because once they start to see something good, they will follow. “They want to be fair weather friends, they are fair weather friends,” he added.

The founders aimed to change the narrative around edtech, shifting it away from being seen as a predatory space to highlighting its positive aspects, according to a founder.

Online jeweller BlueStone and travel tech platform Ixigo are planning to list on the public bourses. Details of this and more in todays ETtech Top 5.

Indias central bank has asked Visa and Mastercard to stop card-based commercial payments made by corporations. This and more in todays ETtech Top 5.

Global brokerage Macquarie has downgraded Patyms stock and slashed its target price following the recent action by the central bank. This and more in todays ETtech Top 5.

Cofounder and managing director Mayank Kumar said the company will go for an IPO once it reaches milestones such as achieving $750 million in revenue, maintaining an 80% gross margin, and sustaining a 50% net margin.

Nyati has worked for more than two decades across domains like manufacturing, retail, e-commerce, and education. He has held leadership positions at ITC, Unilever, Flipkart, Ola, Ola UK, WhiteHat Jr, and The Manipal Group, among others, according to the press release.