SME

Two top level executives quit Ola

Arun Srinivas, Chief Sales and Marketing Officer and Sanjiv Saddy, Senior Vice President - Corporate Affairs - have resigned from Ola.
Ola, Ola top executives resign

Flipkart goes vocal for local art, craft and handloom; partners with Karnataka govt to promote artisans

Homegrown e-commerce platform Flipkart has partnered with the Karnataka government to promote local arts, crafts and handloom sectors as Prime Minister Narendra Modi continues to push for boosting dom

Flipkart,

Flipkart picks stake in Flying Machine-owner Arvind Fashions; invests this much

Homegrown e-commerce portal Flipkart has picked a “significant” minority stake in Arvind Fashions which owns Flying Machine brand of apparels.

flipkart,

Mastercard to invest Rs 250 cr to help Indian SMEs amid COVID-19 crisis

He said the company is making the investment as part of a global commitment of USD 250 million (roughly Rs 1,875 crore) following the COVID-19 pandemic.

The company has hit a "pause" button in activities in India, in line with the global experience, as the value of transactions has decreased due to the pandemic, he said.

Myntra, Flipkart, Snapdeal, others begin showing country of origin even as DPIIT suggests Aug 1 deadline

Online retailers have sought a three-four month time period from DPIIT to update country of origin details for every product listed online. They had agreed to display the same during their first meeti

Sequoia, Accel lead startup investors’ funding tally in H1 2020 even as investment declines 29%

Funding in the first half of 2020 was led by $500 million raised by Byju’s from Tiger Global and General Atlantic (in two separate deals) and $300 million secured by FirstCry from SoftBank. Zomato,

Now shop for products handpicked by digital influencers on Flipkart’s refurbished goods vertical 2Gud

The company’s refurbished goods platform 2Gud has now forayed into social commerce space to allow users to track and follow the latest videos on fashion trends, gadgets review, beauty tips etc. by v

Atmanirbhar MSMEs: How Modi govt’s Make in India 2.0 is gateway to self-reliance for small businesses

Ease of Doing Business for MSMEs: The ‘Make in India’ strategy has been adopted by the Prime Minister to facilitate investment, foster innovation, enhance skill development, encourage employment,

For India, this presents a tremendous opportunity to enter the $1-trillion global manufacturing club.

Back from the brink: Unlock 1.0 puts MSMEs back on recovery path littered with manpower, capital issues

Ease of Doing Business for MSMEs: For MSMEs, it is critical to keep their expenses in check and remain solvent in the current scenario. Lack of solvency in the business would further not allow them to

TikTok loses, ‘desi’ Mitron wins as India declares war against Chinese apps

India has declared a full blown war against Chinese apps, giving Indian startups a moment to shine. The latest to make merry is homegrown short form video app Mitron.

mitron

Modi govt’s MSME credit scheme jumps over 1300% in disbursement; supported this many Covid-hit firms

Credit and Finance for MSMEs Public sector banks had a majority share of Rs 35,578.48 crore in the amount disbursed and Rs 65,863.63 crore in the amount sanctioned as of July 4 to Covid-hit MSMEs.

PE-VC capital piles up due to fewer deals by investors amid Covid; fundraising to stay muted this year

Due to Covid, exits from companies are likely to decline in the next six-12 months as investors are expected to remain invested in companies for a longer period to achieve desired returns.

Ola customers can now pay for rides with PhonePe; firm pitches for digital payments amid coronavirus

Ride aggregator Ola has partnered with payments platform PhonePe and now, customers of Ola can pay for their rides via the PhonePe platform.

Indian Army 89 apps ban

VC firm Sequoia looks to back world-beating startups in India, SEA; launches $1.35 billion mega fund

Sequoia has made 376 investments in India with the most recent one in contract manufacturing startup Zetwerk. The fund boasts of backing India’s top technology companies including Byju’s, JustDial

Funding on hold for nearly 33% start-ups: Ficci-IAN survey

Analysts said the next set of investments will hinge on how deftly companies are able to tweak their business models and processes to meet the evolving customer needs.

Defence start-up Big Bang Boom Solutions raises Rs 11 crore

Big Bang Boom Solutions was started in 2018 by Shivaraman Ramaswamy and Praveen Dwarakanath, who are both serial entrepreneurs.

Chennai-based beverage start-up Chai Waale bags funding of Rs 1.75 crore

Chai Waale is working towards expanding its product portfolio and store footprint and is open to talks with investors to secure the next round of funding.

Paytm enters general insurance sector, acquires Raheja QBE in Rs 568 crore deal

Raheja QBE reported a net loss of Rs 62.1 crore for the year ended March 2020, compared with Rs 20.3 crore in the previous financial year.

MSMEs to get loan worth $750 million from World Bank; deal signed to meet immediate cash requirements

Credit and Finance for MSMEs: The World Bank will provide loans worth $750 million to nearly 1.5 lakh micro, small, and medium enterprises in India.

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Paytm set to enter general insurance space; Vijay Shekar Sharma to acquire 100% stake in Raheja QBE

Vijay Shekhar Sharma-led Paytm plans to enter the general insurance space as the financial technology firm announced it is all set to acquire Mumbai based private sector general insurer Raheja QBE.

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SafeJob: A new job portal takes shape – how it is different from other such websites

Unlike some other job search engines, Safejob uses data analytics and artificial intelligence to help job-seekers connect to the right job.

Q4FY20: Restructuring of MSMEs benefits PSB bottomlines

With increasing talk of RBI coming up with a one-time restructuring scheme for stressed accounts, analysts wonder whether regulatory forbearance is coming back.

Frontiers of diagnostics: Booster dose for medtech startups

Indian startups with unique capabilities leverage GE Healthcare’s AI platform Edison X to co-develop modern healthcare solutions

Khatabook: Bookkeeping made easy for kiranas

The digital ledger helps small businesses keep a record of receivables even as it sends alerts to debtors to pay up.

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