The Indian authorities has rejected Flipkart’s proposal to enter the meals retail enterprise in a setback for Walmart, which owns majority of the Indian e-commerce agency and which not too long ago counted its enterprise in Asia’s third-largest economic system as one of many worst impacted by the worldwide coronavirus pandemic.

The Division for Promotion of Trade and Inner Commerce (DPIIT), a wing of the nation’s Ministry of Commerce and Trade, instructed Flipkart, which competes with Amazon India, that its proposed plan to enter the meals retail enterprise doesn’t adjust to regulatory pointers — although it didn’t elaborate, in response to an individual acquainted with the matter.

Rajneesh Kumar, chief company affairs officer at Flipkart, instructed TechCrunch that the corporate was evaluating the company’s response and meant to re-apply.

“At Flipkart, we imagine that know-how and innovation pushed market can add vital worth to our nation’s farmers and meals processing sector by bringing worth chain effectivity and transparency. This may additional assist boosting farmers’ earnings & remodel Indian agriculture,” he added.

Whereas asserting the plan to enter the nation’s rising meals retail market, Kalyan Krishnamurthy, Flipkart Group CEO, mentioned in October final yr that the corporate deliberate to take a position $258 million within the new enterprise.

Flipkart deliberate to take a position deeply within the native agriculture-ecosystem, provide chain, and work with tens of 1000’s of small farmers, their associations, and the nation’s meals processing trade, Krishnamurthy mentioned. The meals retail unit would assist “multiply farmers’ earnings and produce reasonably priced, high quality meals for tens of millions of shoppers throughout the nation.”

A number of e-commerce and grocery companies in India, together with Amazon, Zomato, and Grofers, have beforehand secured approval from New Delhi, which presently permits 100% overseas direct funding in meals retail, for getting into the meals retail enterprise.

A Flipkart govt, who didn’t need to be recognized, mentioned they have been “at a lack of phrases” to evaluate on what floor their software was rejected.

Meals and grocery are compelling classes for e-commerce companies in India because it permits them to have interaction with their prospects extra continuously. In response to analysis agency Forrester, India’s on-line meals and grocery market stay considerably tiny, accounting for simply 1% of the general gross sales.

In the newest quarterly earnings name, Walmart mentioned restricted operations at Flipkart had negatively affected the group’s total progress. New Delhi introduced one of many world’s stringent lockdowns throughout the nation in late March that restricted Amazon and Flipkart from delivering in lots of states and solely promote “important gadgets” corresponding to grocery and hygienic merchandise.

India maintains the stay-at-home orders for its 1.Three billion residents, although it has eased some restrictions in latest weeks to resuscitate the economic system.

Correction: An earlier model of the story mentioned that India had revisited its guideline surrounding overseas direct funding for meals retail enterprise. That’s not the case.

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This has been an extremely robust week after a string of robust weeks. The killing of George Floyd confirmed but once more that…

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Posted by Mark Zuckerberg on Friday, May 29, 2020

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In a press release posted to Fb late Friday afternoon, Mark Zuckerberg provided up an evidence of why his firm didn't contextualize or take away posts from the accounts related to President Donald Trump that appeared to incite violence in opposition to Americans. “We seemed very intently on the publish that mentioned the protests in Minnesota to […]

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Jonathan is an editor at TechCrunch. Previously he worked as a senior reporter for Dow Jones & Co., covering venture capital and private equity investment from New York and Shanghai. He can be reached via email at [email protected]

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WASHINGTON, DC – MAY 21: U.S. President Donald Trump speaks to the press on the South Garden of the White Home previous to departing on Marine One Might 21, 2020 in Washington, DC. President Trump is scheduled to go to a Ford manufacturing plant that's presently producing ventilators in Michigan. (Picture by Alex Wong/Getty Pictures)

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After making use of a fact-checking labelu00a0Tuesday to a deceptive vote-by-mail tweet made by U.S. President Donald Trump, Twitter is on a roll and has labeled one other of the president’s tweets — this time screening his phrases from informal view with what it calls a “public curiosity discover” that states the tweet violated its guidelines about glorifying violence.u00a0

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Right here’s how the tweet seems with out additional interplay (second tweet within the under screengrab):

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The general public curiosity discover replaces the substance of what Trump wrote, that means a consumer has to actively click on by means of to view the offending tweet.

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Engagement choices are additionally restricted consequently by this label, that means customers can solely retweet the offending tweet with a remark; they can not prefer it, reply to it or vanilla retweet it.

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Twitter’s discover goes on to clarify why it has not eliminated the offending tweet solely — and that is the place the general public curiosity ingredient of the coverage kicks in — with the corporate writing: “Twitter has decided that it might be within the public’s curiosity for the Tweet to stay accessible.”u00a0

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Twitter seems to be shrugging off the president’s choice yesterday to signal an govt order focusing on the authorized protect that web corporations depend on to guard them from legal responsibility for user-created content material — doubling down on displeasing Trump, who has accused social media platforms usually of intentionally suppressing conservative views regardless of plenty of evidence that ad-targeting platform algorithms truly increase outrage-fuelled content material and views — which tends, conversely, to amplify conservative viewpoints.

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Within the newest conflict, Trump had tweeted in reference to violent demonstrations going down in Minneapolis sparked by the killing of a black man, George Floyd, by a white police officer — with the president claiming that “THUGS are dishonoring the reminiscence of George Floyd” earlier than threatening to ship within the “Army.”

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“Any problem and we'll assume management however, when the looting begins, the taking pictures begins. Thanks!” Trump added — making a bald risk to make use of army power in opposition to civilians.

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Twitter has wrestled with the problem of the best way to deal with world leaders who break its content material guidelines for years. Most frequently on account of Trump, who routinely makes use of its platform to bully all method of targets — from rival politicians to hated journalists, disobedient enterprise leaders and even actors who displease him — in addition to to dispense direct and typically violent threats.

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Since being elected, Trump has additionally used Twitter’s international platform as a overseas coverage weapon, firing army threats on the likes of North Korea and Iran in tweet kind.

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Again in 2018, for instance, he teased North Korean chief Kim Jong Un with button-pushing nuclear destruction (see under tweet) — earlier than happening to “fall in love” with the dictator when he met him in particular person.

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Twitter’s go-to defence for not taking offending Trump tweets down prior to now has been that, as U.S. president, the substance of what the person tweets — nonetheless mad, dangerous and harmful — is inherently newsworthy.

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Nevertheless, extra not too long ago, the corporate has created a coverage device that enables it to intervene — defining phrases final summer season around “public interest” content on Twitter.

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It warned then (nearly a full yr in the past, in June 2019) that it may place a public curiosity discover on tweets that may in any other case violate its guidelines (and subsequently advantage a takedown) — with the intention to “to supply further context and readability,” moderately than eradicating the offensive tweet.

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Quick ahead a yr and the tech large has began making use of labels to Trump’s tweets — starting with a fact-check label earlier this week, associated to the forthcoming U.S. election, and following up now with a public curiosity discover associated to Trump glorifying violence.

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So, lastly, the tech large appears to be inching towards drawing a limit-line round Trump in close to actual time.

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Explaining its choice to badge the U.S. president’s risk to order the army to shoot looters in Minneapolis, the corporate writes: “This Tweet violates our insurance policies concerning the glorification of violence primarily based on the historic context of the final line, its connection to violence, and the chance it might encourage related actions in the present day.”

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“We’ve taken motion within the curiosity of stopping others from being impressed to commit violent acts, however have stored the Tweet on Twitter as a result of it can be crucial that the general public nonetheless have the ability to see the Tweet given its relevance to ongoing issues of public significance,” Twitter goes on.

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It additionally hyperlinks to its policy against tweets that glorify violence — which states unequivocally [in bold]: “You might not threaten violence in opposition to a person or a gaggle of individuals.”

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Back in June, when Twitter introduced the “abusive habits” label, it additionally warned that tweets that get screened with a public curiosity discover won't profit from any algorithmic acceleration, writing: “Weu2019ll additionally take steps to verify the Tweet isn't algorithmically elevated on our service, to strike the fitting stability between enabling free expression, fostering accountability and lowering the potential hurt brought on by these Tweets.”

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Nevertheless the newsworthiness of Twitter’s choice to lastly apply its personal guidelines vis-a-vis Trump will guarantee there’s loads of non-algorithmic amplification (and no little irony).

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We reached out to the corporate with questions on its choice to use a public curiosity display screen on Trump’s newest tweet however on the time of writing it had not responded.

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On Wednesday night, Twitter CEO and co-founder, Jack Dorsey, put out a collection of tweets defending its choice to use a fact-check label to Trump’s earlier deceptive tweets about vote-by-mail.

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“This doesn't make us an ‘arbiter of reality,'” wrote Dorsey. “Our intention is to attach the dots of conflicting statements and present the data in dispute so folks can choose for themselves. Extra transparency from us is vital so people can clearly see the why behind our actions.”

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Dorsey’s remarks adopted pointed feedback made by Facebook CEO Mark Zuckerberg to Fox Information, searching for to distinction Fb’s claimed “neutrality” when policing its platform with Twitteru2019s coverage of taking a stance on points corresponding to political promoting (which Twitter does not allow).

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u201cI simply imagine strongly that Fb shouldnu2019t be the arbiter of reality of all the things that individuals say on-line,u201d Zuckerberg instructed the conservative information station. u201cPrivate corporations u2026 particularly these platform corporations, shouldnu2019t be within the place of doing that.u201d

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It’s notable that Dorsey used Zuckerberg’s actual flip of phrase — u201carbiter of truthu201d — to reject Fb’s assault on Twitter’s coverage as a straw man argument.

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Replace I, Trump reacts: In early response to Twitter’s transfer the Trump administration has now quote-retweeted the offending tweet from the official White Home Twitter account — reamplifying the president’s violent risk.

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Trump has additionally reiterated his risk to control social media by revoking Part 230 of the Communications Decency Act in a brand new collection of tweets this morning — accusing Twitter of ignoring “lies & propaganda being put out by China or the Radical Left Democrat Occasion.”

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Replace II, Whack-a-mole: Twitter has now screened the quote-tweeted copy of Trump’s tweet that the administration despatched from the White Home Twitter account.

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After making use of a fact-checking labelu00a0Tuesday to a deceptive vote-by-mail tweet made by U.S. President Donald Trump, Twitter is on a roll and has labeled one other of the president’s tweets — this time screening his phrases from informal view with what it calls a “public curiosity discover” that states the tweet violated its guidelines about glorifying […]

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WASHINGTON, DC – JANUARY 30: U.S. President Donald Trump delivers remarks firstly of a gathering with small enterprise folks within the Roosevelt Room on the White Home January 30, 2017 in Washington, DC. In the course of the assembly, Trump mentioned he'll announce his ‘unbelievably extremely revered’ decide to interchange the late Supreme Courtroom Antonin Scalia on Tuesday night. (Picture by Chip Somodevilla/Getty Pictures)

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Week in Apps: Facebook launches trio of app experiments, TikTok gets spammed, plus coronavirus impacts on app economy"},"content":{"rendered":"

Welcome back to Thisu00a0Weeku00a0in Apps, the Extra Crunch series that recaps the latest OS news, the applications they support and the money that flows through it all.

n

The app industry is as hot as ever, withu00a0a recordu00a0204 billion downloads and $120 billion in consumer spending in 2019. People are nowu00a0spendingu00a0three hours and 40 minutes per day using apps, rivaling TV. Apps arenu2019t just a way to pass idle hours u2014 theyu2019re a big business. In 2019, mobile-first companies had au00a0combinedu00a0$544 billion valuation, 6.5x higher than those without a mobile focus.

n

In this Extra Crunch series, we help you keep up with the latest news from the world of apps, delivered on a weekly basis.

n

This week weu2019re continuing to look at how the coronavirus outbreak is impacting the world of mobile applications, with fresh data from App Annie about trends playing out across app categories benefiting from the pandemic, lockdowns and societal changes. We’re also keeping up with the COVID-19 contact-tracing apps making headlines, and delving into the week’s other news.

n

We saw a few notable new apps launch this week, including HBO’s new streaming service HBO Max, plus three new app experiments from Facebook’s R&D group. Android Studio 4.0 also launched this week. Instagram is getting better AR tools and IGTV is getting ads. TikTok got spammed in India.

n

Meanwhile, what is going on with app review? A shady app rises to the top of the iPhone App Store. Google cracks down on conspiracy theory-spreading apps. And a TikTok clone uses a pyramid scheme-powered invite system to rise up the charts.

n

COVID-19 contact-tracing apps in the newsu00a0

n

    n

  • Latvia: Reuters this week reported that Latvia aims to become one of the first countries to launch a smartphone app, Stop Covid, using the new toolkit created by Apple and Alphabetu2019s Google to help trace coronavirus infections.
  • n

  • Australia: The role of the country’s Covidsafe app in the recovery appears to be marginal, The Guardian reports. In the month since its launch, only one person has been reported to have been identified using data from it. A survey even found that Australians were more supportive of using telecommunications metadata to track close contacts (79%) than they were of downloading an app (69.8%). In a second survey, their support for the app dropped to 64%. The app has been maligned by the public debate over it and technical issues.
  • n

  • France: The country’s data protection watchdog, CNIL, reviewed its contact-tracing app StopCovid, finding there were no major issues with the technical implementation and legal framework around StopCovid, with some caveats. France isn’t using Google and Apple’s contact-tracing API, but instead uses a controversial centralized contact-tracing protocol called ROBERT. This relies on a central server to assign a permanent ID and generate ephemeral IDs attached to this permanent ID. CNIL says the app will eventually be open-sourced and it will create a bug bounty. On Wednesday, the app passed its first vote in favor of its release.
  • n

  • Qatar: Serious security vulnerabilities in Qataru2019s mandatory contact-tracing app were uncovered by Amnesty International. An investigation by Amnestyu2019s Security Lab discovered a critical weakness in the configuration of Qataru2019s EHTERAZ contact-tracing app. Now fixed, the vulnerability would have allowed cyberattackers to access highly sensitive personal information, including the name, national ID, health status and location data of more than one million users.
  • n

  • India: India’s contact-tracing app, Aarogya Setu, is going open-source, according to Ministry of Electronics and Information Technology Secretary Ajay Prakash Sawhney on Tuesday. The code is being published on GitHub. Nearly 98% of the app’s more than 114 million users are on Android. The government will also offer a cash bounty of $1,325 to security experts who find bugs or vulnerabilities.
  • n

  • Switzerland: Several thousand people are now testing a pilot version of Switzerland’s contact-tracing app, SwissCovid. Like Lativia, the app is one of the first to use Apple and Google’s contact-tracing API. Employees at EPFL, ETH Zurich, the Army and select hospitals and government agencies will be the first to test the Swiss app before its public launch planned for mid-June.
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  • China: Chinau2019s health-tracking QR codes, embedded in popular WeChat and Alipay smartphone apps, are raising privacy concerns, Reuters reports. To walk around freely, people must have a green rating. They also now have to present their health QR codes to gain entry into restaurants, parks and other venues. These efforts have been met with little resistance. But the eastern city of Hangzhou has since proposed that users are given a color-coded health badge based on their medical records and lifestyle habits, including how much they exercised, their eating and drinking habits, whether they smoked and how much they slept the night before. This suggestion set off a storm of criticism on China’s Weibo, a Twitter-like platform.
  • n

n

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VCs share their bets on the way forward for work"},"content material":{"rendered":"

As tech corporations like Twitter and Facebook gear up for longer-term distant work options, the way forward for work is changing into one of many extra thrilling alternatives in enterprise capital, Charles River Ventures normal companion Saar Gur instructed TechCrunch.

n

And as loneliness mounts with shelter-in-place orders applied in numerous varieties the world over, traders are on the lookout for services that foster true connection amongst a distributed workforce, in addition to a distributed society.

n

However the way forward for work doesn’t simply entail spinning up dwelling places of work. It additionally includes gig staff, freelancers, hiring instruments, instruments for office organizing and automation. The final couple of years have significantly introduced tech organizing to the forefront. Whether or not it was the Google walkout in 2018 or gig staff’ ongoing actions in opposition to corporations like Uber, Lyft and Instacart for higher pay and protections, there are a lot of alternatives to assist staff higher arrange and obtain their objectives.

n

Under, we’ve gathered insights from:

n

n

Saar Gur, Charles River Venturesu00a0

n

What are you most enthusiastic about in the way forward for work?

n

Future of labor is among the most enjoyable alternatives in enterprise.u00a0u00a0

n

Pre-COVID, few tech corporations have been totally distant. Whereas it appears apparent looking back, the constructing blocks for totally distant know-how corporations now exist (e.g. high-speed web, SaaS and the cloud, dependable video streaming, real-time paperwork, and many others.). And whereas SIP could also be momentary, we really feel the TAM of totally distant corporations will develop considerably and produce various thrilling funding alternatives.

n

I donu2019t suppose we've totally grokked what it means to run an organization digitally. Immediately, most processes like interviewing, conferences and efficiency/exercise monitoring nonetheless dwell on the earth of atoms versus bits. For instance, think about each assembly is recorded, transcribed and searchable — how would that remodel how we work?u00a0u00a0u00a0

n

There is a chance to re-imagine how we work. And we're enthusiastic about merchandise that remedy significant issues within the areas of productiveness, brainstorming, communication instruments, workflows and extra. We additionally see plenty of potential in infrastructure required to facilitate distant and international groups.

n

We're additionally excited by corporations which can be enabling new varieties of work. Corporations like Etsy (based 2005), Shopify (2004), TaskTabbit (2008), Uber (2009), DoorDash (2013) and Patreon (2013) have helped create a brand new workforce of entrepreneurs. However many of those corporations are over a decade previous and we totally count on a brand new wave of corporations that give extra energy to the person.

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As tech corporations like Twitter and Fb gear up for longer-term distant work options, the way forward for work is changing into one of many extra thrilling alternatives in enterprise capital, Charles River Ventures normal companion Saar Gur instructed TechCrunch. And as loneliness mounts with shelter-in-place orders applied in numerous varieties the world over, traders are trying […]

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perfect funding each digital model could make in the course of the COVID-19 pandemic"},"content material":{"rendered":"

Intuitively, shops that promote on-line ought to be making a killing in the course of the COVID-19 pandemic. In any case, everyone seems to be caught at dwelling u2014 and understandably extra prepared to buy on-line as a substitute of at a standard retailer to keep away from placing themselves and others at medical danger. However the reality is, most smaller on-line shops have seen higher days.

n

The first problem is that smaller outlets typically donu2019t have the logistics networks that corporations like Amazon do. Consequently, theyu2019re seeing considerably delayed supply timelines, particularly in the event that they ship internationally. Prospects clearly arenu2019t thrilled about that actuality. And in lots of circumstances, theyu2019re requesting refunds at a staggering fee.

n

I noticed this play out firsthand in April. At that time, my shops have been down 20% or in some circumstances even 30% in income. Evidently, my workforce was freaking out. However thereu2019s one factor we did that helped us improve our income over 200% for the reason that pandemic, lower refund requests and even strengthen our current buyer relationships.

n

We applied a 24-hour dwell chat in all of our shops. Hereu2019s why it labored for us and why each digital model ought to be doing it too.

n

Keep away from the widespread u2018unreachabilityu2019 frustration

n

After I began my first on-line retailer in 2006, challenges that bogged my workforce down typically meant that my teamu2019s first precedence turned resolving these challenges in order that we might serve our prospects quicker. However admittedly, when these challenges got here up, it turned harder to stability speaking with our prospects and resolving the problems that prevented us from fulfilling their orders rapidly.

","protected":false},"excerpt":{"rendered":"

Prospects donu2019t simply neglect in regards to the corporations that handled them properly u2014 and post-crisis, theyu2019ll be extra prone to return to the distributors who gave them a great expertise.

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Attributable to COVID-19, enterprise continuity has been put to the check for a lot of corporations within the manufacturing, agriculture, transport, hospitality, power and retail sectors. Price discount is the first focus of corporations in these sectors on account of huge losses in income brought on by this pandemic. The opposite facet of the disaster is, nonetheless, considerably totally different.

n

Corporations in industries corresponding to medical, authorities and monetary companies, in addition to cloud-native tech startups which can be offering important companies, have skilled a substantial improve of their operational calls for — resulting in rising operational prices. Regardless of the trade your organization belongs to, and whether or not your organization is experiencing decreased or elevated operations, value optimization is a actuality for all corporations to make sure a sustained existence.

n

One of the dependable measures for value optimization at this stage is to leverage elastic companies designed to develop or shrink in response to demand, corresponding to cloud and managed companies. A contemporary product with a cloud-native structure can auto-scale cloud consumption to mitigate misplaced operational demand. What could not have been apparent to startup leaders is a method typically employed by incumbent, mature enterprises — attaining value optimization by leveraging managed companies suppliers (MSPs). MSPs allow organizations to repurpose full-time workers members from impacted operations to extra strategic product traces or initiatives.

n

Why corporations want value optimization in the long term

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The panorama shifts rapidly, however managed companies suppliers allow organizations to repurpose full-time workers members from impacted operations to extra strategic product traces or initiatives.

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views on the way forward for retail and the buying expertise"},"content material":{"rendered":"

The worldwide unfold of COVID-19 and ensuing orders to shelter in place have hit retailers laborious.

n

Because the pandemic drags on, momentary halts have gotten everlasting closures, whether or not itu2019s the espresso store subsequent door, a historic bar or a well-known lifestyle brand.

n

However whereas the current is basically bleak, making ready for the longer term has retailers adopting applied sciences quicker than ever. Their resilience and innovation means retail will look and payment totally different when the world reopens.

n

We gathered 4 views on the way forward for retail from the TechCrunch workforce:

n

    n

  • Natasha Mascarenhas says retailers might want to discover new methods to promote aspirational merchandise u2014 and what was as soon as cringe-worthy may now be thought of revolutionary.
  • n

  • Devin Coldewey sees companies adopting a slew of inventive digital companies to arrange for the longer term and empower them with out Amazonu2019s platform.
  • n

  • Greg Kumparak thinks the supply and curbside pickup tendencies will transfer from pandemic-essentials to on a regular basis occurrences. He thinks that retailers might want to discover new methods to enchantment to shoppers in a u201cshopping-by-proxyu201d world.
  • n

  • Lucas Matney views a revitalized curiosity in know-how across the checkout course of, as retailers search for methods to make the buying expertise extra seamless (and fewer high-touch).
  • n

n

Alexa, how do I look?

n

Natasha Mascarenhas

n

","protected":false},"excerpt":{"rendered":"

Whereas the current is basically bleak, making ready for the longer term has retailers adopting applied sciences quicker than ever. Their resilience and innovation means retail will look and payment totally different when the world reopens.

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Natasha Mascarenhas is a reporter at TechCrunch covering early stage startups and venture capital trends. She also tracks the different networks that play into founder success, from loneliness to immigration. Before TechCrunch, Natasha reported on the same beat for Crunchbase News. She also has bylines in the Boston Globe, The San Francisco Chronicle, BostInno, and is proudly from New Jersey.

nn

Reach Natasha via e-mail at [email protected] or through DM on Twitter @nmasc_.

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Devin Coldewey is a Seattle-based author and photographer. He first wrote for TechCrunch in 2007. He has additionally written for MSNBC.com, NBC Information, DPReview, The Economist/GE's Look Forward, and others.

nn

His private web site is coldewey.cc.

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Greg Kumparak is an editor at TechCrunch.

nn

Greg began at TechCrunch in Might of 2008. He led TechCrunch's sister web site MobileCrunch as editor till AOL acquired the corporate in 2010, at which level the editors of TechCrunch's 4 major websites (TechCrunch, CrunchGear, MobileCrunch, TechCrunch UK) merged the websites beneath one area.

nn

Greatest recognized for his gadget protection, Kumparak has damaged lots of of tales inside the area u2014 unearthing particulars on all the things from deserted Samsung smartphone prototypes to new Apple gadgets. He is additionally one of many Web's most prolific "dwell bloggers", having reported from the scene at dozens of worldwide occasions for dwell audiences within the lots of of 1000's.

nn

He was one of many earliest writers to focus on and report on various corporations which have since turn out to be "unicorns" (reaching a valuation of $1B or extra), together with Zenefits and Twilio.

nn

Kumparak is a frequent visitor on TechCrunch's Gadget, Apple, and Android podcasts, and infrequently seems on stage as an interviewer or choose at TechCrunch's meetups and Disrupt conferences.

nn

In 2012, Greg was featured on the BBC, Wired, Mashable, Engadget and plenty of different shops for a facet mission he referred to as the "tARdis", or the Augmented Actuality TARDIS. By combining augmented actuality with a hand-crafted bodily mannequin, Greg was in a position to replicate the in any other case bodily unimaginable "larger on the within" visible impact that generally seems on tv's Physician Who collection.

","cbAvatar":"https://crunchbase-production-res.cloudinary.com/picture/add/v1397184689/d45c9b9b954bcc0a697dae821253a36b.png","twitter":"grg","_links":{"self":[{"href":"https://techcrunch.com/wp-json/tc/v1/users/5188242"}],"assortment":[{"href":"https://techcrunch.com/wp-json/tc/v1/users"}]}},{"id":89192944,"title":"Lucas Matney","url":"","description":"","hyperlink":"https://techcrunch.com/creator/lucas-matney/","slug":"lucas-matney","avatar_urls":{"24":"https://safe.gravatar.com/avatar/ac0471089769c31246f411dc339104f8?s=24&d=identicon&r=g","48":"https://safe.gravatar.com/avatar/ac0471089769c31246f411dc339104f8?s=48&d=identicon&r=g","96":"https://safe.gravatar.com/avatar/ac0471089769c31246f411dc339104f8?s=96&d=identicon&r=g"},"hyperlinks":{"twitter":"https://twitter.com/lucasmtny","linkedin":"https://www.linkedin.com/in/lucasmatney/","crunchbase":"https://www.crunchbase.com/particular person/lucas-matney"},"place":"Author","cbDescription":"

Lucas Matney is a reporter at TechCrunch and has been protecting rising applied sciences and startups since 2015. He lives in San Francisco and may be reached through e mail at [email protected]

","cbAvatar":"https://crunchbase-production-res.cloudinary.com/picture/add/h5eslbyb5f1hwstm1wrt","twitter":"lucasmtny","_links":{"self":[{"href":"https://techcrunch.com/wp-json/tc/v1/users/89192944"}],"assortment":[{"href":"https://techcrunch.com/wp-json/tc/v1/users"}]}}],"creator":[{"id":133574362,"name":"Natasha Mascarenhas","url":"","description":"","link":"https://techcrunch.com/author/natasha-mascarenhas/","slug":"natasha-mascarenhas","avatar_urls":{"24":"https://secure.gravatar.com/avatar/2f10add080685bb138750d850afec5b4?s=24&d=identicon&r=g","48":"https://secure.gravatar.com/avatar/2f10add080685bb138750d850afec5b4?s=48&d=identicon&r=g","96":"https://secure.gravatar.com/avatar/2f10add080685bb138750d850afec5b4?s=96&d=identicon&r=g"},"links":{"twitter":"https://twitter.com/nmasc_","crunchbase":"https://www.crunchbase.com/person/natasha-mascarenhas-734f"},"position":null,"cbDescription":"

Natasha Mascarenhas is a reporter at TechCrunch covering early stage startups and venture capital trends. She also tracks the different networks that play into founder success, from loneliness to immigration. Before TechCrunch, Natasha reported on the same beat for Crunchbase News. She also has bylines in the Boston Globe, The San Francisco Chronicle, BostInno, and is proudly from New Jersey.

nn

Reach Natasha via e-mail at [email protected] or through DM on Twitter @nmasc_.

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The Indian government has rejected Flipkartu2019s proposal to enter the food retail business in a setback for Walmart, which owns majority of the Indian e-commerce firm and which recently counted its business in Asiau2019s third-largest economy as one of the worst impacted by the global coronavirus pandemic.

n

The Department for Promotion of Industry and Internal Trade (DPIIT), a wing of the nation’s Ministry of Commerce and Industry, told Flipkart, which competes with Amazon India, that its proposed plan to enter the food retail business does not comply with regulatory guidelines — though it did not elaborate, according to a person familiar with the matter.

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Rajneesh Kumar, chief corporate affairs officer at Flipkart, told TechCrunch that the company was evaluating the agency’s response and intended to re-apply.

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“At Flipkart, we believe that technology and innovation driven marketplace can add significant value to our countryu2019s farmers and food processing sector by bringing value chain efficiency and transparency. This will further aid boosting farmersu2019 income & transform Indian agriculture,u201d he added.

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While announcing the plan to enter the nation’s growing food retail market, Kalyan Krishnamurthy, Flipkart Group CEO, said in October last year that the company planned to invest $258 million in the new venture.

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Flipkart planned to invest deeply in the local agriculture-ecosystem, supply chain, and work with tens of thousands of small farmers, their associations, and the nationu2019s food processing industry, Krishnamurthy said.u00a0The food retail unit would help u201cmultiply farmersu2019 income and bring affordable, quality food for millions of customers across the country.u201d

n

Several e-commerce and grocery firms in India, including Amazon, Zomato, and Grofers, have previously secured approval from New Delhi, which currently permits 100% foreign direct investment in food retail, for entering the food retail business.

n

A Flipkart executive, who did not want to be identified, said they were “at a loss of words” to assess on what ground their application was rejected.

n

Food and grocery are compelling categories for e-commerce businesses in India as it enables them to engage with their customers more frequently. According to research firm Forrester, India’s online food and grocery market remain significantly tiny, accounting for just 1% of the overall sales.

n

In the most recent quarterly earnings call, Walmart said limited operations at Flipkart had negatively affected the group’s overall growth. New Delhi announced one of the world’s stringent lockdowns across the nation in late March that restricted Amazon and Flipkart from delivering in many states and only sell “essential items” such as grocery and hygienic products.

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India maintains the stay-at-home orders for its 1.3 billion citizens, though it has eased some restrictions in recent weeks to resuscitate the economy.

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Correction: An earlier version of the story said that India had revisited its guideline surrounding foreign direct investment for food retail business. That’s not the case.

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The Indian government has rejected Flipkartu2019s proposal to enter the food retail business in a setback for Walmart, which owns majority of the Indian e-commerce firm and which recently counted its business in Asiau2019s third-largest economy as one of the worst impacted by the global coronavirus pandemic. The Department for Promotion of Industry and Internal […]

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