CURRENT AFFAIRS

Detailed explanation-1: -Bezos detailed Amazon’s Digitize India pledge in the first-ever Amazon SMBhav Summit.

Detailed explanation-2: -Zomato’s investment spree It had announced investments in fitness platform, Curefit, hyperlocal discovery business, Magicpin and logistics firm Shiprocket. Read our interview with Zomato CEO Deepinder Goyal for more on the company’s investment strategy.

Detailed explanation-3: -Byju’s, India’s most valuable startup, valued at $22 bn, has appointed an adviser to discuss tweaks in covenants of the term loan B with creditors.

Detailed explanation-4: -Google will invest as much as $1 billion in India’s second-largest mobile phone operator, as firms race to offer inexpensive data and digital offerings in the only billion-people-plus market still open to foreign companies.

Detailed explanation-5: -India’s startup economy has been growing since 2016 with businesses mushrooming rapidly across the country. To support and sustain its growth, the Indian government launched the Startup India initiative. As of 2022, a total of 80,152 startups had been officially recognized by DPIIT.