Recent developments in the Indian startup ecosystem you should be aware of

Swiggy has facilitated the disbursement of loans worth Rs 102 crore to its delivery partners in the last twelve months. The company said Rs 10.1 crore of this total was disbursed in November alone.

NSDC International (NSDCI) has partnered with The Adecco Group, a global workforce solutions company.

The partnership aims to enhance international mobility for skilled, certified Indian candidates, tapping into the potential of India's youth and leveraging the strengths of both organizations.

Swiggy recently introduced a 2% collection fee on all restaurant orders to facilitate online payments from customers on its platform. The company said The fee is intended to cover the costs incurred by Swiggy for smooth payment processing.

Manu Sharma, the Vice President and General Manager of Nothing India, has announced his resignation. Sharma, who has been instrumental in establishing and growing the London-based smartphone startup's presence in India since February 2021, will leave the company at the end of January 2024.

Mensa Brands' FY23 operating revenue soared to Rs 1,317 crore, marking a substantial growth from the previous fiscal year's Rs 339 crore revenue. Despite the impressive revenue growth, the company's losses reportedly nearly tripled, reaching Rs 329.1 crore in FY23.

Indore-based B2B ecommerce startup ShopKirana has reported a 51% increase in its gross merchandise value (GMV) in FY23. Its gross revenue soared to Rs 682 crore, up from Rs 452 crore in the previous fiscal year.

ah! Ventures has invested in Delta X Automotive, a startup incubated at the Indian Institute of Science (IISC). marking a significant step in advancing electric mobility, particularly in urban areas.