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Deals RoundUp: Apple Plans to Set Up Startup Accelerator in Bangalore; Tata Group to Launch eCommerce Platform and More

PayU India announced the appointment of former Bharti Airtel’s executive, Sachin Singhal as its Head of Consumer Business and Snapdeal plans to scout for acquisitions that will boost its eCommerce and payments, as well as in the logistics space.

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Apple is planning to launch a startup accelerator in Bangalore, while Tata Group will open its online shopping platform to consumers from May 27. Also, PayU India announced the appointment of former Bharti Airtel’s executive, Sachin Singhal as its Head of Consumer Business and Snapdeal plans to scout for acquisitions that will boost its eCommerce and payments, as well as in the logistics space.

Apple Plans to Set Up Startup Accelerator in Bangalore

Apple is planning to launch a startup accelerator in Bangalore. Apple CEO Tim Cook, who landed in India late on Tuesday night, said that the new accelerator facility would help iOS developers create innovative apps for the company's customers globally and that the new facility would provide resources to support entrepreneurs.

The accelerator is expected to open in early 2017 and it would work closely with app developers to "hone their skills" and bring them up to speed with the company's global standards and best practices. Also, the accelerator would provide support and guidance on Apple's programming language Swift. "Swift enables developers to write safer, more reliable code, save time and create richer app experiences," Apple said.

Tata Group to Launch eCommerce Platform from May 27

Tata Group will open its online shopping platform to consumers from May 27, which will be named as Tata CLiQ. The portal will operate through website, mobile site and mobile apps. The venture is part of group company Tata Unistore and will initially offer apparel, electronics and footwear. It will add more categories over the next few months.

The Tata Group joins software-to-auto conglomerate Mahindra Group and metals-to-textiles house Aditya Birla Group in entering the eCommerce sector.

PayU India Names Former Bharti Airtel Executive, to Head Its Consumer Business


One of India’s paramount payment solution company, PayU India, announced the appointment of former Bharti Airtel’s executive, Sachin Singhal as its Head of Consumer Business. In the given role, Sachin will be responsible for designing effective business strategies and bring in growth by taking the company’s plans to diversify the consumer business to the next level.
Sachin joins PayU India with over a decade long experience in business and technology. During his last stint with Bharti Airtel, he led the channel marketing and mobile internet growth.

An alumnus of IIT Delhi and IIM Ahmedabad, Sachin started his post MBA journey as a consultant at PWC India (Performance Improvement practice), worked at One97, led marketing for PayTM at its launch, worked at Tradus.com as Head of products at India's first ecommerce marketplace.

Snapdeal Parent Jasper Infotech Scouts for More Acquisitions

The New Delhi-headquartered company Jasper Infotech, which owns and operates Indian online marketplace Snapdeal.com, plans to scout for acquisitions that will boost its eCommerce and payments, as well as in the logistics space.

The company announced six acquisitions in the financial year ended March 31. "The pace will be similar... We look for amazing, stellar teams, and we invest a lot of time and energy in getting to know them before we do a transaction....We are investing behind technologies, which we do not have," Kunal Bahl, chief executive of Jasper Infotech, told ET.



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