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SME News

Swiggy raises $210 million in fresh round of funding led by Naspers and DST Global
PTI | June 21, 2018 12:57 PM
Food delivery platform Swiggy today said it has raised USD 210 million (over Rs 1,430 crore) in fresh round of funding led by Naspers and DST Global.
Credit exposure to MSMEs improving; impact of demonetisation, GST waning, says report
PTI | June 20, 2018 4:55 PM
The credit growth in the MSME sector is improving with the overall exposure reaching the highest level in over a year and impacts of demonetisation and the GST also seem to be subsiding, says a study.
Coverfox plans big for India, to create jobs for college students, housewives and unemployed youth
Arunava Biswas | June 14, 2018 6:52 PM
Devendra Rane of Coverfox.com says Modi government has been very supportive of startup eco-system and his company has benefitted from the schemes.
Ola continues to bleed as FY17 net loss swells to nearly Rs 5,000 crore, even while revenue surges
PTI | June 14, 2018 4:53 PM
Ride-hailing app Ola saw its losses widening to Rs 4,897.8 crore, even though its total income grew 70 per cent during FY2016-17 as compared to the previous fiscal, as per regulatory documents.
IBC ordinance 2018: Why it is a big relief for MSME promoters
FE Online | June 7, 2018 10:53 AM
In a big relief to MSME promoters, the latest amendments brought into the Insolvency and Bankruptcy Code (IBC) will allow them to bid for their enterprises which are undergoing Corporate Insolvency Resolution Process (CIPR).
Startup India a success? PM Modi says Indian youth transforming from job-seekers to job creators
FE Online | June 6, 2018 10:37 AM
Startup India: Pointing to the success of startups in India, Prime Minister Narendra Modi noted that Indian youth is transforming from job-seekers to job creators.
How industrial parks can help MSME sector reap benefits of ‘Make in India’
June 5, 2018 3:20 PM
The Indian MSME sector has been in the center of attention for economists, advisory council, the Ministry of MSME and multiple other stakeholders.
Drones to deliver your morning chai: IIT engineer takes doorstep delivery to a whole new level
Manas Tiwari | May 26, 2018 2:59 PM
In partnership with Online Kaka, a food delivery start-up, Tech Eagle invented a drone which will deliver tea up to 10 kms and has a capacity of holding 2 litres.
How Uber plans to take on Ola to gain leadership of Indian market
FE Online | May 24, 2018 5:53 PM
Cab-hailing firm Uber has a new plan to strengthen its base in India and take on its major rival Ola.
Follow ‘Eklavya’ to build your startup if there’s no mentor, Minister Suresh Prabhu tells entrepreneurs
FE Online | May 16, 2018 5:43 PM
In a live session to answer questions posed by aspiring entrepreneurs in the country, Commerce minister Suresh Prabhu spoke about a range of issues including the importance of mentorship in startups and propping up women particiaption in India’s startups.
Entrepreneurs pose questions on rules, innovative ideas ahead of Suresh Prabhu’s live Q&A session today
FE Online | May 16, 2018 12:07 PM
Aspiring entrepreneurs have sent in an interesting set of questions seeking answers from commerce minister Suresh Prabhu ahead of a live session organised on Startup India this evening. We take a closer look.
Why President Kovind bets on mobile phones, internet, digital payments for pushing services, startups
FE Online | May 16, 2018 10:59 AM
President Ram Nath Kovind is confident that start-ups will grow into giants in the years to come, backed by billion mobile phone users, 500 million citizens on the internet, and a determined push for financial inclusion using technology and digital payments.
Startup India live session: Get your questions answered by commerce minister Suresh Prabhu; check details
FE Online | May 16, 2018 11:02 AM
In a major step to boost entrepreneurship in India, the Narendra Modi-led government has planned a live session to take on questions from the public. Commerce and industry minister Suresh Prabhu will be taking questions live on Twitter.
NSE SME platform hits 150 companies mark; small and medium firms raise Rs 2,221 crore via IPOs
PTI | May 15, 2018 2:57 PM
Spurred by investor interest, the number of listed firms on NSE’s small and medium enterprise (SME) platform reached 150, raising Rs 2,221 crore via initial public offer.
Big startup investment push by IIM-Ahmedabad; To invest $25 million over 3-4 years
PTI | May 14, 2018 7:18 PM
Top management institute IIM-Ahmedabad today launched the Bharat Inclusion Initiative, which aims to invest about USD 25 million in startups.
Modi’s plan to boost startup struggles to make progress as funding dries up
FE Online | May 14, 2018 5:21 PM
With an aim to boost the startup ecosystem of the country, the Modi-led NDA government with much fanfare launched Rs 10,000-crore Fund-of-Funds for Start-ups (FFS) some 28 months back.
Why data security must be government’s top priority for Modi’s ‘Digital India’ to become reality
May 14, 2018 4:20 PM
According to the Ministry of Electronics and Information Technology, India witnessed more than 27,000 cyber security threats in the first six months of 2017.
Have a question on start-ups? Here’s how to ask commerce minister Suresh Prabhu directly
FE Online | May 14, 2018 2:52 PM
Want to start-up your business, but unsure about how to proceed? You can get all your doubts cleared by posing questions directly to Commerce Minister Suresh Prabhu.
Ola’s ‘My Ride. My Cause’ initiative: What it’s all about
FE Online | May 11, 2018 4:21 PM
With an aim to enable crowdsourcing of funds in support of various social causes and relief operations, homegrown cab aggregator Ola on Wednesday announced ‘My Ride. My Cause’ initiative.
Startup, SME sector is goldmine for India’s growth, says Dassault Systemes
FE Online | May 10, 2018 2:53 PM
The startups and small and medium enterprises (SMEs) are a goldmine for India’s growth and more opportunities can be created for entrepreneurs to build better products and catalyse innovation in manufacturing in these sectors, said a global software company.
Unitus Ventures, backed by Dell Foundation and Bill Gates, invests $1 million in AI-enabled healthtech startup i3systems
Gaurav Sangwani | May 9, 2018 5:34 PM
Founded by IIT Alumni Dr Mallesh Bommanahal, Varzavand Batliwala, and Ravi Chandibhamar, in 2016, i3Systems builds machine learning solutions for healthcare businesses.
Ronnie Screwvala’s Unilazer Ventures hikes stake in online insurance comparison platform Easypolicy
Gaurav Sangwani | May 9, 2018 2:16 PM
Unilazer additionally invested over $6.7 million in the Delhi-NCR based startup. The fund believes there’s space for more than one player in the online insurance market.
This Harvard startup is helping dogs get younger with its ‘Age Reversing’ gene therapy; Humans next?
Gaurav Sangwani | May 9, 2018 1:01 PM
Rejuvenate Bio, the company behind the innovation, tested its therapy on the Beagle breed dog and is now claiming that the therapy will make them younger by adding new DNA instructions to their genes.
AI-enabled Avaamo raises over $14 million from Intel Capital, Ericsson Ventures and others
Gaurav Sangwani | May 9, 2018 9:59 AM
The Avaamo platform enables enterprises to deploy omnichannel AI-powered assistants in the areas of supply chain, HR, sales support, claims processing and insurance advisory.
UK based Fintech firm GainCredit invests $2.25 million in B2C lending platform OYE Fintech
Gaurav Sangwani | May 4, 2018 12:46 PM
OYE Fintech will use the newly secured funds to strengthen its underwriting models aimed at new-to-credit consumers, scale-up operations, and enhance its footprint to cover multiple cities
With “no cap” on its investments, here’s what startups can expect from Google’s Assistant Fund
Gaurav Sangwani | May 3, 2018 12:51 PM
Google will be providing access to its cloud platform, their cloud computing suite that runs on a similar infrastructure as its search engine and YouTube
Humanoid Robotics maker Ubtech Robotics raises $820 million from Tencent Holdings, Haier Group and others
Gaurav Sangwani | May 3, 2018 10:35 AM
Founded in 2012 by Zhou Jian, Ubtech Robotics is a high-tech company engaging in the R&D, manufacture, as well as promoting and popularizing robots around the world. They claim to be the first company in China dedicated to commercialize humanoid robot

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Horoscope: By Peter Vidal

Today ( 21 Jun )This Week ( 17 Jun - 23 Jun )

SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more