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    1. Business News
    2. Authors
    3. sandeep.soni

    Sandeep Soni

    open financial technologies, open neobank, msmes, sap, razorpay, reserve bank of india, rbi, payment aggregator, tally, hdfc bank, axis bank, credit, nbfc, banks
    MSME neobank Open eyes profitability in a year and a half: Interview | CEO Anish Achuthan

    “When you look at the larger market with 61-70 million MSMEs, which includes a lot of long-tailed businesses, even if…

    By Sandeep Soni
    May 6, 2024 19:48 IST
    rbi, reserve bank of India, bank credit, msme loans, small business loans, msme credit, priority sector lending, eclgs, mudra, pm svanidhi
    Banks deployed Rs 24.6 lakh crore credit to MSMEs in March: RBI data

    Total bank credit to MSMEs under priority sector lending in March was 15 per cent of Rs 164.11 lakh crore…

    By Sandeep Soni
    May 2, 2024 16:18 IST
    procmart, b2b, marketplace, procurement, supply chain, nandan nilekani, infosys, fundamentum, Edelweiss Discovery Fund, startup funding
    B2B marketplace ProcMart raises $30M from Nandan Nilekani’s Fundamentum, Edelweiss Discovery Fund

    “ProcMart’s ability to grow consistently and sustainably year on year was impressive,” Prateek Jain, Principal, Fundamentum told FE Aspire.

    By Sandeep Soni
    April 16, 2024 06:00 IST
    msme sambandh, public procurement, gem, government emarketplace, cpse, sc st entrepreneurs, women msmes, ecommerce, cpse, government departments
    Public procurement from micro, small enterprises declines in FY24 from previous year: Govt data

    Despite the decline, the share of procurement made by CPSEs from MSEs in FY24 remained well above the 25 per…

    By Sandeep Soni
    April 11, 2024 17:03 IST
    unicorn, hurun india, hurun global unicorn index, swiggy, razorpay, china unicorns, us unicorns, fintech, saas, blockchain, ai
    India’s unicorn count down for the first time since 2017: Hurun Global Unicorn Index 2024

    The US continued to lead the unicorn tally with 703 unicorns followed by China with 340 unicorns and India with 67…

    By Sandeep Soni
    April 9, 2024 16:53 IST
    India's merchandise trade deficit with these partners increased significantly more than its global trade deficit.
    Simpl expands one-tap checkout service on Zepto to membership programme Zepto Pass

    “On Zepto, nearly a fourth of all checkouts in the non-UPI and non-COD (cash on delivery) segment happen through Simpl,”…

    By Sandeep Soni
    April 9, 2024 12:00 IST
    filter capital, startup funding, venture capital, vc funds, private equity, capillary technologies, HDFC Fund of Funds, SIDBI, SRI Fund, Oister Global, DSP family office, Harsh Jain, Dream11, warburg pincus, startup bubble, funding winter
    Filter Capital closes first fund at Rs 800 crore from HDFC Fund of Funds, SIDBI, others

    Nitin Nayar, Co-founder and Managing Director at Filter Capital told FE Aspire that the fundraising stands out notably among first-time…

    By Sandeep Soni
    April 8, 2024 00:02 IST
    gem, government emarketplace, gem portal, public procurement, commerce minister, gem sellers, gem government buyers
    Govt procurement from GeM hits new high in FY24 as GMV doubles from previous fiscal

    In terms of order volume, GeM recorded 23.6 per cent growth in the current financial year from FY23. Total orders…

    By Sandeep Soni
    March 29, 2024 13:21 IST
    startup funding, tracxn, indian startup ecosystem, early stage, seed stage, late stage, credit saison, shadowfax, peak xv, capillary
    Capital crunch: 51% decline in Q1 2024 startup funding from year-ago period; 27% QoQ drop

    Stage-wise, late-stage funding saw the biggest drop this quarter, dropping by over 46 per cent to $0.67 billion in Q1…

    By Sandeep Soni
    March 26, 2024 14:30 IST
    sme ipo, bse, nse, sme listings, sme issue, primary capital markets, sme initial public offering, prime database, finance minister, monthly economic review
    SME IPOs: Capital raised hits new high in current fiscal

    In FY23, 272 companies were listed on stock exchanges, of which 125 were SMEs accounting for Rs 2,333 crore and…

    By Sandeep Soni
    March 26, 2024 12:22 IST
    zomato, deepinder goyal, blinkit, food delivery, quick commerce, covid, revenue, info edge, sanjeev bikhchandani, zepto, swiggy, instamart
    Blinkit to be bigger than Zomato’s food delivery business in a year: Deepinder Goyal

    Underscoring the challenge in building a generational company due to changing technology and business ecosystem in the country, Goyal, in…

    By Sandeep Soni
    March 18, 2024 14:35 IST
    udyam registration, msme registration online, cancel udyam registration, cancellation of udyam registration, msme registration,Steps to Cancel Udyam registration, how to cancel udyam registration online, cancel udyam license
    Udyam portal: India now has over 4 crore registered MSMEs

    The 4-crore mark was achieved in around five months from 3 crore registrations recorded till October last year while 2…

    By Sandeep Soni
    March 15, 2024 16:01 IST
    S&P BSE –SME IPO Index, BSE SME platform, sebi, securities and exhange board of india, madhabi puri buch, sebi, markets regulator, sme ipo, price manipulation, trading shares, speculative trading, gsm
    SEBI’s plans for more disclosures may complicate IPO process for resource-constrained SMEs: Experts

    The S&P BSE –SME IPO Index, which measures the performance of listed SMEs on the BSE SME platform, was down…

    By Sandeep Soni
    March 14, 2024 13:16 IST
    bain & company, India Venture Capital Report 2024, Indian Venture and Alternate Capital Association, IVCA, startups shutdown, inflation, gdp, funding winter, deals, layoffs, generative ai, investors, valuation, profitability
    Over 35,000 startups shut in 2023 as funding winter intensified: Bain & Company-IVCA report

    In terms of layoffs, over 20,000 employees were fired by leading startups with edtech comprising the largest share, according to…

    By Sandeep Soni
    March 14, 2024 06:00 IST
    oecd, sustainability, SMEs, sustainable finance, net zero, credit guarantees, emissions, regulations
    SMEs may not get sustainable finance due to limited ability to share sustainability performance data: OECD

    Financing conditions are becoming increasingly dependent on sustainability considerations, and financial institutions are facing non-financial reporting requirements, placing a reporting…

    By Sandeep Soni
    March 13, 2024 16:54 IST
    section 43b, income tax act, finance act, msmes, buyers, finance ministry, cmai, clothing manufacturers, cait, traders, delayed payments, iamsmeofindia, nirmala sitharaman
    Section 43B(h): Is Finance Ministry revising the new rule for payment to MSMEs within 45 days?

    The clause, to be effective from April 1, 2024, disallows expenses to buyers on invoices from micro and small enterprises…

    By Sandeep Soni
    February 29, 2024 12:47 IST
    vidyut startup, ev financing, electric vehicle, 3one4 capital, venture capital, startup funding, zephyr peacock, udaan, ev insurance, 3w, Mahindra, Piaggio, Altigreen, Murugappa Group’s Montra Electric, Euler Motors
    EV financing startup Vidyut raises $10 million in Series A funding from 3one4 Capital, Zephyr Peacock, others

    Right now, the startup makes revenues on the chassis loan and battery subscription. Vidyut also has an EV resale arm.…

    By Sandeep Soni
    February 20, 2024 13:59 IST
    gem, government emarketplace, gem portal, public procurement, gem sellers, gem government buyers, defence ministry, pk singh
    GeM portal: Purchase of MSME goods by govt in current FY surpasses FY23 volume

    Out of the total order value processed on GeM so far, a significant 49.6 per cent belonged to orders fulfilled…

    By Sandeep Soni
    February 20, 2024 12:57 IST
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