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Sandeep Soni

Articles By Sandeep Soni

1093 Articles

Now MSMEs can prepare, submit restructuring proposals to banks on their own with SIDBI’s new DIY portal

Ease of Doing Business for MSMEs: The proposals can be shared with up to three banks through the portal that has been developed in collaboration with the asset reconstruction firm India SME Asset Reconstruction Company.

The latest debt raising is Rs 1,200 crore more than the notified amount as Maharashtra and Jharkhand accepted an additional Rs 1,000 crore and Rs 200 crore, respectively.

Long term recovery for Covid-hit MSMEs to be uneven; hinges on these sectors in 6-12 months ahead

Ease of Doing Business for MSMEs: Covid-induced lockdown enforced by the government in March this year had disrupted operations of MSMEs that have been relatively less resilient than large firms to withstand the crisis.

Walmart’s Flipkart spins off digital payments arm PhonePe partially; valuation hits $5.5 billion

The partial spin-off would allow PhonePe to constitute a new Board of Directors to create a “tailor-made equity incentive or ESOP program for its employees," and access dedicated investment to fuel growth for the coming thr

ECLGS: Why Modi govt’s ambitious Rs 3 lakh cr credit scheme hasn’t grabbed MSMEs’ attention it warranted

Credit and Finance for MSMEs: According to a recent survey by NCGTC involving 1,857 respondents from MSMEs, ECLGS would help sustain needs only for up to three months for 59 per cent of them. The revised version may help bank

Covid blues shake off: More small businesses may employ people in Q3 as intent to hire doubles from H1

Skill, Labour, Talent for MSMEs: The Covid pandemic had triggered a barrage of job losses and layoffs among small businesses and startups in India in their fight to survive the downturn on a shoestring budget.

Other alternatives to hiring also exist, but with problems--one of them being staffing agencies that are too expensive.

GeM in 2020: 40k new sellers joined Amazon of govt buying per month; this many new categories added

Technology for MSMEs: The public procurement by government departments, CPSEs, and ministries from micro and small enterprises (MSEs) increased from 23.11 per cent in 2017-18 to 26.32 per cent in 2018-19, 30.95 per cent in 20

LTC Cash Voucher Scheme, Central Government Employees, EMI purchases, 12% GST, FAQ, e-commerce website

India would have 2-3 $1 billion revenue SaaS companies within few years: Bain & Company’s Arpan Sheth

Ease of Doing Business for MSMEs: Indian SaaS entities are increasingly tapping into new segments including small and medium enterprise (SME) and under-penetrated verticals that have been witnessing growth in software adoptio

Honeywell joins list of India’s corporate startup-backers; funds 6 IISc-incubated deep science startups

Google, Microsoft, Reliance, SoftBank Group, Samsung, Alibaba, Flipkart, Tencent, Reliance, Times Group, Qualcomm, Intel, Naspers, Target, etc., have been investing time, money, and resources in startups either in the form

Flipkart India revenue up 12% in FY20 even as losses drop 18%; expenses see marginal rise

Flipkart had in July this year announced the acquisition of Walmart India operations, which operated the 28 Best Price cash-and-carry wholesale stores, that offered nearly 5,000 items and also had two fulfillment centers base

Flipkart trumps amazon in festive sales, Amazon, Flipkart and other e-commerce companies clock 8.3 billion dollar in festive sales

2,000 women MSEs benefitted under public procurement in FY21 so far; purchase value nears FY20 level

Ease of Doing Business for MSMEs: While in FY19, procurement from women MSEs was only 0.15 per cent of the overall MSE procurement, in FY20 it improved marginally to 0.32 per cent. In FY21 so far, procurement from women MSEs

women lead microbusinesses, Global Alliance for Mass Entrepreneurship, LEAD, MSME, Mudra loan, Civid impct on micro enterprises, Coronavirus pandemoc

CAIT to PM Modi: E-commerce firms monopolising market by violating FDI policy; poor action hurting MSMEs

Ease of Doing Business for MSMEs: CAIT, which has been campaigning against Amazon and Flipkart for years now alleging unethical business practices by them, said that the absence of concrete action against e-commerce companies

Online cab rides improve to 30 million in October but new govt rules may impact market in long term

The ‘aggregator’ segment mainly controlled by Ola and Uber, according to the rule, is now allowed to charge fare “50% lower than the base fare and a maximum Surge pricing of 1.5 times the base fare.”

modi government issued guidelines for regulating aggregators like ola uber

Baby products unicorn FirstCry’s revenue jumps 66% in FY20 even as losses shrink whopping 82%

According to FirstCry, it has over 2 lakh unique products across 6,000 brands and more than 400 stores in Bengaluru, Hyderabad, Pune, and Delhi.

Flipkart pips Amazon to lead online festive sales this year; industry GMV up 65% from year-ago

The festive season saw 87 per cent growth in the number of customers to 88 million up from 47 million during last year's sales. Of these 88 million, around 57 per cent came from Tier-II and beyond cities.

Sonu Sood’s job search app Pravasi Rojgar to form JV with Temasek’s job matching service; gets Rs 250 cr

The joint venture will formally launch its product offerings in early 2021. Temasek is among leading investors in large Indian technology startups such as Zomato, Curefit, Ola, Pine Labs, etc.

Govt seeks comments on World Bank’s draft on social, environmental impact of its joint MSME programme

Ease of Doing Business for MSMEs: The five-year RAMP programme by World Bank is a $500 million operation to support the government towards enabling growth for MSMEs with a counterpart funding of $500 million to be contributed

Unacademy’s valuation soars to $2 billion with latest investment from Tiger Global, Dragoneer

The startup had raised $110 million from Facebook, General Atlantic and others in February this year at a valuation of around $510 million.

Nasscom: Over 50% tech startups see revenue reaching pre-Covid level in 6 months, cash in hand improves

Sectors particularly edtech, healthtech, software-as-a-service, and small businesses continue to attract investors' interest as Covid opened up opportunities to serve more customers who couldn’t move out due to the lockdown

The funds raised will be used for further scaling up production of Bandicoot and to develop new products and R&D to leverage the technology for the health care segment.

Amid WFH norm, this bus booking startup for office goers raised crores from Lightbox, India Quotient

The post-money valuation with the current round was around Rs 180 crore for the company that has recovered to 60 per cent of the pre-Covid level so far.

To improve the performance of the fleet, there is a need to improve the technology of vehicles, change fleet composition through purchase/hiring of buses.

Govt: Share of monthly pending MSME dues gets ‘normal’; drops to 20% in Oct while procurement doubles

Credit and Finance for MSMEs: While 25 ministries and 79 CPSEs had bought goods worth Rs 2,346.82 crore from MSMEs in May, the number of borrowers also went up to 26 ministries, and 100 CPSEs purchasing Rs 5,096.53 crore prod

‘Priority lending, urging FMCGs and e-commerce firms to lend may ease small retailers’ credit crisis’

Credit and Finance for MSMEs: The recommendations come days after the government had announced an extension to its Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) from October 31, 2020, to November 30 and furth

Cars24 is India’s latest unicorn with $200 million funding round led by DST Global

The investment will be deployed towards technology and product innovation apart from scaling new business verticals. Existing investors including Exor Seeds, Moore Strategic Ventures, and Unbound also participated in the roun

Infibeam eyes lion’s share of e-commerce payments in Oman; to process transactions for its biggest bank

Online (channel) is growing fast in that (Oman) market even as post-Covid online transactions across the world have picked up. As a result, merchants will always find the appetite to be able to sell products and services onli

LTC Cash Voucher Scheme, Central Government Employees, EMI purchases, 12% GST, FAQ, e-commerce website

SoftBank’s Manoj Kohli: E-commerce, education, healthcare, and fintech to transform faster post Covid

"The government is very sensitive to technology changes while a lot of policy evolution is taking place and we are happy with that. Atmanirbhar Bharat is an excellent slogan given by the PM," said SoftBank India Head.

Byju’s continues to amass capital; now raising $200 million two months after securing half a billion

Excluding the current round, Byju’s has raised $1.12 billion in 2020 and $2.1 billion so far in over 17 funding rounds, according to Crunchbase. The last round of $500 million counted BlackRock, Sands Capital, Alkeon Capita

Mudra Yojana: PM Modi’s pet scheme disburses 93% of sanctioned loan amount in FY21 so far to MSEs

Credit and Finance for MSMEs: Lenders including banks, non-banking financial companies, microfinance institutions, others had disbursed Rs 3,29,684.63 crore and Rs 3,11,811.38 crore during FY20 and FY19 respectively under the

Over 11 lakh MSMEs registered on Udyam online system since July Government data reveals and over 1 crore employment

Mastercard’s Porush Singh: Project Kirana to empower women-led shops, boost access to financial services

Ease of Doing Business for MSMEs: Singh said that the common thread that restrains progress for female business owners around the world is the perception of gender bias while their contribution in running businesses is dismis

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