SME News
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Online food delivery platforms under government scanner: FSSAI to conduct large scale audit in September
FE Online | August 10, 2018 5:31 PMAccording to the FSSAI, despite guidelines operationalised for e-commerce food business operators in February 2018, several complaints were received by the food regulator with respect to sub-standard food being delivered through these platforms.
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Paytm acquires Bengaluru-based startup Balance Technology; deal size said to be $2 million
PTI | August 9, 2018 2:42 PMAccording to Balance Technology’s website, the company helps users invest as per goals that they have set, allowing them to earn up to 8.7% in returns without lock-in periods.
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Azim Premji pumps Rs 400 crore in glass manufacturing company, and for this reason
FE Online | August 9, 2018 12:40 PMThe family investment arm of Azim Premji — Premji Invest — has pumped Rs 400 crore in domestic floating glass manufacturer Gold Plus Glass Industry Ltd.
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Ola’s latest threat to Uber: Indian cab aggregator drives into UK after speeding in Australian lanes
Reuters | August 7, 2018 1:01 PMThe Bengaluru-based outfit appears to be executing Uber’s strategy in reverse, moving from emerging to developed markets in search for profit, as the cost of competing at home rises.
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Baring Private Equity invests Rs 150 crore in NBFC Capital Trust
FE Online | August 2, 2018 5:58 PMCapital Trust plans to use the fund to fuel its growth and expansion plans and cater to unbanked population, thus encouraging self-sufficiency and entrepreneurship in the country.
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Edible cutlery, bamboo toothbrushes, paper straws! 5 innovative ideas by 5 startups to fight plastic pollution
FE Online | July 28, 2018 11:09 AMEach passing year is getting hotter, and hotter! As climate change poses a big threat to this world, there’s no doubt that plastic is one of the most infamous contributors.
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Clovia takes on competitors, focuses on three pillars to win customers’ hearts and their wardrobes
Arunava Biswas | July 26, 2018 6:18 PMClovia’ online sales are about 80% of the total revenue, while 20% of the revenue comes from offline sales.
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Yumlane aims to double delivery to 10 million units by 2019, targets 40 cities: Hitesh Ahuja, Founder and CEO, Yumlane
Manas Tiwari | July 26, 2018 5:24 PMIn an exclusive conversation with Financial Express.com, Hitesh Ahuja, Founder and CEO, Yumlane spoke about the company’s journey in the last two years, the challenges it faces in the market and its future plans.
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Allocation to SIDBI out of startup funds down at Rs 100 crore in FY17
PTI | July 23, 2018 2:50 PMThe government said today that the allocation to SIDBI out of Funds of Funds for Startups (FFS) has come down to Rs 100 crore in FY17 from Rs 500 crore in the previous fiscal.
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After GST, demonetisation, SMEs face the brunt of rising interest costs, warns Moody’s
PTI | July 16, 2018 3:45 PMInterest costs on loan against property (LAP) are set to rise due to the hardening rates and will adversely affect small business, which are already reeling under note-ban and GST impact, warns a report.
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Madhya Pradesh’s turn now: ‘Startup India Yatra’ van to travel in 10 cities; promote entrepreneurship
FE Online | July 12, 2018 5:58 PMWith an aim to raise awareness about Startup India and Madhya Pradesh Startup Policy, the Startup India Yatra van will travel to 10 cities of Madhya Pradesh, beginning from the capital Bhopal. Suresh Prabhu, the commerce and industry ministry said ‘Startup India Yatra’ vehicle will spread awareness about the initiatives taken by the government to […]
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Zomato Piggybank launched: Grab 10% cashback on orders; check details
FE Online | July 11, 2018 4:17 PMZomato Piggybank: Food delivery app Zomato has launched yet another loyalty rewards program, ‘Zomato Piggybank,’ under which customers can get 10% value back on every order.
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OYO acquires AblePlus for undisclosed amount, to enhance and strengthen its technology portfolio
PTI | July 10, 2018 4:21 PMHospitality firm OYO today said it has acquired Mumbai-based Internet of Things (IoT) technology company AblePlus to enhance and strengthen its technology portfolio. The company, however, did not disclose financial details of the deal.
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Ola Outstation second only to the Indian Railways in terms of network and scale: Vijay Ghadge – VP (Operations), Ola
Manas Tiwari and Rishabh Chauhan | July 10, 2018 10:58 AMIn an exclusive conversation with FinancialExpress.com, Vijay Ghadge, Vice President – Operations at Ola, speaks of the company’s plans to expand across markets, its partnership with search giant Google and what makes Ola Outstation stand out among its competitors.
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Relax artificial entry barriers for MSMEs, SC/ST enterprises, Government tells PSUs
PTI | July 8, 2018 12:11 PMThe government has asked central PSUs and other government departments to relax ‘artificial entry barriers’ related to prior experience and turnover criteria in tenders, as it looks to boost procurement from MSMEs and SC/ST owned enterprises, a top official said
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Fitness consultation platform SQUATS ventures into offline space, targets 120 ‘Diet and Wellness’ centres by 2020
Manas Tiwari | July 7, 2018 10:10 AMPune-based online fitness consultation platform SQUATS is all set to give fitness enthusiasts an integrated platform to plan their customised diet, fitness and wellness regimens.
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Eruditus Executive Education raises 16 cr Venture Debt from InnoVen Capital for new programmes, business scaling
FE Online | July 5, 2018 3:35 PMThis firm offers global executive education programmes, collaborating with top global and Ivy League universities to deliver a unique mix of classroom, online and blended-learning education to professionals.
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Startup Alert! Angel funds need to disclose investments, ‘material changes’: SEBI
PTI | July 2, 2018 4:57 PMAngel funds will have to disclose details related to investment as well as venture capital undertakings and “material changes”, within 10 days of launching a scheme, markets regulator Sebi said.
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World trade information provider Connect2India launches global trade helpline for SMEs
PTI | June 26, 2018 7:18 PMWorld trade information provider Connect2India today said it has launched a platform for small and medium enterprises (SMEs) to provide relevant knowledge related to global commerce and barriers.
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Another e-commerce startup becomes unicorn: Policybazaar raises over $200 million, plans IPO, says report
FE Online | June 25, 2018 5:15 PMThe homegrown online insurance aggregator Policybazaar has raised over $200 million in a fresh investment round led by Softbank Vision Fund
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Startups will be listed on India’s stock market very soon! BSE to launch new platform next month
PTI | June 25, 2018 4:57 PMTo make stock market listing attractive for startups, leading stock exchange BSE has decided to launch a new platform next month to list the new-age companies.
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Big boost for ‘Khadi’ soon: Modi government plans to position it as ‘Indian brand’ with bigger play abroad
PTI | June 24, 2018 12:52 PMThe government is eyeing massive international exposure for khadi by positioning it as an “Indian brand” which only the KVIC is entitled to promote or claim as its own, along with a bigger footprint in foreign missions and exhibitions, a senior official has said.
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Swiggy raises $210 million in fresh round of funding led by Naspers and DST Global
PTI | June 21, 2018 12:57 PMFood 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.
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Credit exposure to MSMEs improving; impact of demonetisation, GST waning, says report
PTI | June 20, 2018 4:55 PMThe 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.
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Coverfox plans big for India, to create jobs for college students, housewives and unemployed youth
Arunava Biswas | June 14, 2018 6:52 PMDevendra Rane of Coverfox.com says Modi government has been very supportive of startup eco-system and his company has benefitted from the schemes.
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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 PMRide-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.
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IBC ordinance 2018: Why it is a big relief for MSME promoters
FE Online | June 7, 2018 10:53 AMIn 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).
Horoscope: By Peter Vidal
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
