Union Budget 2019 India: Enhancing credit guarantee for portfolio purchases will improve the flow of funds to healthy NBFCs. This will help NBFCs provide unsecured lending to MSMEs that struggle for capital.
SoftBank-backed online grocery venture Grofers, which announced $200 million in Series F round in May this year, has added modest $10 million to the existing round from Abu Dhabi-based Capital Investment LLC.
Budget 2019-20: This will also help enhance angel level funding. 2018 was a tough year for startups looking to raise angel or seed capital as only 484 deals happened in the entire year vis-a-vis 1,030 in 2016 and around 760 d
Union Budget 2019 India: On the lines of the Social Stock Exchange in the UK, SASIX in South Africa, Impact Investment Exchange in Singapore, SVX in Canada, the Indian government is planning to have its own stock exchange.
Paytm had launched QR-based payment service PayPay last year in Japan in partnership with SoftBank and Yahoo Japan to "promote the broader use of cashless payment in Japan and to provide highly convenient services to both con
Budget 2019-20: The demand for the number of roles in AI and big data in India stood at around 5.1 lakh in 2018 that is expected to grow at a CAGR of around 16 per cent to about 8 lakh to 2021, as per Nasscom.
Budget 2019-20: The government’s focus on building a digital India is again highlighted with its willingness to train people on AI, IoT and Big Data that will transform the supply chain and logistics industry
Budget 2019 India: Among many sops announced by the finance minister Nirmala Sitharaman in her maiden budget speech for startups -- a television channel was probably the least expected yet most interesting.
Union Budget 2019 India: Among the key steps taken by the government for traders has been extending the pension benefit to about 3 crore retail traders and small shopkeepers having less than 1.5 crores in annual turnover.
After Ola and Paytm, which is May had launched their credit cards, Walmart-owned e-commerce major Flipkart has launched its credit card in partnership with Axis Bank and Mastercard to boost cashless payments by giving its cus
Moglix, which competes with the latest publicly-listed internet company IndiaMART, has raised $60 million in series D round of funding led by Tiger Global and participation from Sequoia India and Composite Capital.
Samsung venture capital arm -- Samsung Venture Investment Corporation (SVIC) has joined a large number of foreign and domestic corporate such as SoftBank Group, Alibaba, Google, Microsoft, Amazon, Intel, etc., in backing Indi
Budget 2019-20: Finance minister Nirmala Sitharaman had announced on Friday about developing 17 “iconic tourism Sites into world-class tourist destinations and to serve as a model for other tourism sites."
Union Budget 2019 India: The health ministry saw a marginal increase in its outlay, in this year's budget, from Rs 52,800 crore last year to Rs 62,659 crore this year with Rs 6,400 crore earmarked for the government’s key h
Union Budget 2019 India: The launch of a television channel for startups “to promote them, discuss growth issues, matchmaking with venture capital (investors) for funding and also for tax planning” is expected to encourag