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While these platforms have urged the government to allow deliveries as part of “essential services similar to the pandemic lockdowns”, sources said the city administration and police have alluded to potential security concerns with free movement of delivery personnel in the controlled areas.
Building lasting value as opposed to just pushing for near-term growth and ensuring sustainability even in turbulent times will be some traits the stellar jury members of the Economic Times Startup Awards 2023 will look for in the nominees.
It comes after China started to approve AI chatbots for public release last month. Other big tech companies in China including Baidu Inc and SenseTime Group released their AI chatbots last week.
The award will showcase a startup whose impact can be judged both by the idea and the execution. The founders should have been students whose aim was to build a commercial enterprise.
New-age online-first brands such as The Souled Store and Bewakoof have seen their online businesses expand 33% since 2019 to $2.4 billion; they are projected to grow at an annual rate of around 35% to hit $10 billion by FY28, the report said.