2023 | Pixr8 News

A joint study by Omidyar Network and Boston Consulting Group (BCG) has reported that digital lending to micro, small and medium enterprises (MSME) in India can grow upto 7 lakh crore by 2023, a 15x increase in annual disbursements. “As of 2018, most of the credit demand for $600 billion is being met through informal sources,” said Roopa Kudva, partner and managing director, India at Omidyar Network. “Digital lending has the potential to propel the productivity of India’s MSMEs, disrupt the status quo in financial services, and offer a meaningful market opportunity for both innovative startups as well as traditional lenders,” he added. India’s 60 million MSMEs - businesses with annual revenue up to Rs. 250 crore (approximately $35 million) –make an enormous contribution both to India’s...

With the ride-hailing services getting a major boost for a few months now, world’s largest cab aggregator Uber may now come up with flying taxi by the year 2023. It has been reported that Uber has shortlisted India and four other countries as potential markets where it may launch its air mobility services in the next five years. This has been done under the company’s ‘Uber Elevate’ project. Apart from the US, the countries that have been selected for the ambitious project include India, Japan, Australia, Brazil and France. “We are announcing a shortlist of five countries where Uber Air can immediately transform transportation and take our technology to new heights,” said Eric Allison, head of Uber Aviation Programs. “Starting in approximately five years, Uber customers in launch cities...

Tag: 2023

Digital Lending in India Expected to Grow to $100 Billion by 2023

Uber May Launch Air Taxis in Indian Metros under Uber Elevate Project