e-commerce
FbStart, Amazon Launchpad nurture e-com startups
MUMBAI: In a worthwhile push towards the government’s ‘Startup India’ initiative, Amazon Launchpad saw around 250 plus applications within three days of its launch. The programme helps make it easier for Indian startups to launch, market and distribute their products to millions of Amazon customers across India and around the world.
Facebook meantime has picked up three more Indian startups — skill-based networking app Skillmate, rental platform SimplyMoveIn and social platform for investors and traders Talkoot – for FbStart startup mentorship programme.
The startups will receive credits up to US$40,000 and free tools and services from Facebook and its more than 30 partners including Amazon, Dropbox, UserTesting, and MailChimp. Besides partners, startups get free access to more than 25 services including open source tools like React Native, FB Login and Account Kit and App Analytics.
Amazon.in received over 400 applications within two weeks of the launch. Most of the applicants are young startups that are about one and half years old. Around 60 per cent applicants have never sold on Amazon.in before.
Electronics, grocery and health & personal care are among the major categories of applicants. While applications have mainly been received from metros, startups from tier 2 & 3 towns such as Hubli, Mehsana and Thissur have also applied.
Amazon Launchpad has partnered with various constituents in the ecosystem, such as DIPP’s Startup India initiative and offers startups a streamlined on-boarding experience.
Consumers benefit from a safe and secure ordering experience, convenient electronic payments, Cash on Delivery, Amazon’s 24×7 customer service support, and a globally recognized and comprehensive 100% purchase protection provided by Amazon’s A-to-Z Guarantee.
Over a dozen Indian startups have been inducted into the FB programme over the past year. These startups will get an opportunity to connect directly with the Facebook team and will be enrolled into the social media giant’s exclusive community of global startups that include Adobe, Coursera, Dropbox, and Salesforce.
Any developer who has launched a working mobile app in Google Play app stores or Apple is eligible to apply for FbStart.
e-commerce
American Express to acquire AI startup Hyper to boost automation
Deal targets expense management as AI reshapes corporate spending tools.
MUMBAI: From receipts to robots, the expense sheet is getting a brain upgrade as American Express moves to bring artificial intelligence into the heart of corporate spending. The company has announced plans to acquire Hyper, a relatively young but fast-rising startup founded in 2022 that builds AI-powered agents capable of organising expenses, generating reports, verifying compliance with budgets and policies, and nudging users with timely reminders. The deal, expected to close in the second quarter of 2026, underscores a growing shift among financial institutions to automate traditionally manual, time-heavy workflows.
Hyper counts Sam Altman among its backers, adding a layer of Silicon Valley credibility to the acquisition. While financial details remain undisclosed, the strategic intent is clear: deepen automation capabilities and sharpen American Express’s position in the competitive corporate spending ecosystem.
The two companies are not strangers. They previously collaborated in 2024 on a co-branded credit card product, suggesting that the acquisition is less a cold buy and more an extension of an existing relationship. With this move, American Express is effectively bringing that capability in-house, aiming to embed AI directly into its commercial services stack.
Chief executive Stephen Squeri had already signalled the direction of travel in a recent shareholder letter, describing AI as a “structural shift” in how businesses operate. The Hyper acquisition appears to be a direct response to that shift, particularly in expense management, where processes such as approvals, compliance checks and reporting remain ripe for automation.
Alongside the acquisition, the company is also expanding its product suite. A recently launched business credit card offers cashback and benefits at an annual fee of $295, with another card expected later this year moves that complement its broader push into commercial services.
Taken together, the strategy points to a future where managing expenses may require fewer spreadsheets and more algorithms. For American Express, the bet is simple, if businesses are rethinking how work gets done, the tools that power that work need to evolve just as quickly.
