SME

India’s first P2P lending NBFC Faircent rapidly expanding presence in tier-3 cities

Online peer-to-peer (P2P) lending platform Faircent -- first such lending site to receive NBFC certification from the RBI -- has tripled its loan disbursements in tier-3 cities since the last financial year, CEO and Founder Rajat Gandhi told FE Online.

Soon, sell your startup products on govt’s e-commerce portal; here’s what Commerce Ministry plans

The commerce and industry ministry is working on a process to facilitate startups sell their goods on government's online platform GeM, an official statement said Thursday.

Bengaluru, Delhi NCR lose market share to Mumbai in early startup funding deals

While Bengaluru and Delhi NCR contributed 28% and 25% respectively this year to pre-series A funding, Mumbai’s share increased by almost four times to 23%.

Good news for start-ups! Sebi relaxes start-ups listing norms – what you need to know

In a major push to kickstart listing of startups in India in a big way, markets regulator Sebi on Wednesday relaxed norms for new-age ventures in sectors like e-commerce, data analytics and biotechnol

Tiger Global and Bertelsmann put $10 million in video app Roposo

Roposo will be deploying the capital towards product technology, talent acquisition, and acquiring more users to its 25 million user base.

OYO fights back on contract breach claims; says, hotels’ demand will raise prices by 40 per cent

OYO says complying to the hoteliers demands will not only make the category expensive for customers but will also lead to a drop in occupancy.

Zomato delivery boy eats into customers’ orders; company finds solution to avoid such cases

The delivery boy wearing Zomato t-shirt is seen replacing each box after resealing them, back into the delivery bag. The company claims the video to be from Madurai, Tamil Nadu.

Payment solutions firm Razorpay ventures into SME lending

The company has also announced the launch of The X Club, a subset of the Razorpay X.

The only second Indian startup to be acquired by Google; check what it does

Where is my Train allow users to check the train status without the internet or GPS access. The startup uses information from cell tower to get trains’ location.

VCs poured nearly $4 billion across 515 deals in Indian startups in 2018, highest since 2015

The fundraising momentum this year saw a steep rise to $2.3 billion raised by VCs across 22 funds from just $0.9 billion raised across 19 funds in 2017.

Lending startup CASHe crosses Rs 650-crore mark in loan disbursement

CASHe claims of reaching the mark in 33 months since its launch in 2016, with annual growth of more than 80% for unsecured loans.

Why Tiger Global is making a come back to early-stage startups

The investments by Tiger Global and SoftBank led to a flurry of deals in 2015 era in the early-stage ecosystem with multiple foreign investors started pouring capital.

Suresh Prabhu seeks investments from global funds in domestic startups

Commerce and Industry Minister Suresh Prabhu Friday sought investments from global funds in startups from different sectors including infrastructure, agriculture and healthcare.

Mega Startup India Venture Capital Summit to be held in Goa tomorrow

In a big push to attract global capital for promoting innovations in India, government is going to organise a mega venture capital summit for Indian start-ups in Goa tomorrow.

Oyo will be the world’s largest hotel chain by 2023, says founder Ritesh Agarwal

Oyo Hotels, the five-year-old startup for booking hotel rooms, is aiming to become the world's largest hotel chain by 2023 as it expands into newer countries in the Middle East, South East Asia and Eu

OYO extends corporate solution for business travellers amid reports of fundraising from Grab

OYO B Direct is targeted at employees where the company is not involved in setting up travel partners and authorises a traveller to make bookings.

Zomato explores food delivery via drones; acquires drone startup TechEagle

Online restaurant booking and food delivery company Zomato has acquired Lucknow-based drone startup TechEagle Innovations, it said in a statement.

Automobile marketplace Droom eyes Nasdaq listing in 2020; focus on global expansion

Droom is aiming at an annualized GMV of $3 billion and net revenue of $110-120 million before listing.

Travel marketplace ixigo overtakes MakeMyTrip; records more monthly active users

ixigo, which works on a similar model of UK-based travel and tour aggregator Skyscanner, recorded 126% year-over-year growth in its user base

Tiger Global-backed news app Inshorts doubles revenue rate in the last six months

Inshorts is currently testing short-form video-based news to tap vernacular user base and is expected to launch the service in January 2019

Grab in talks to invest around $100 million in OYO

Both OYO and Grab have earmarked Indonesia and Southeast Asia as their key markets.

Facebook does a YouTube; allow users to monetize their videos through ad breaks

Facebook also launched Brand Collabs Manager for companies to find and partner with content creators for branded content opportunities.

Innov 8: Startup aims to create best workspaces

This co-working start-up intends to scale from 4,000 seats to 10,000 by 2019.

India’s OYO now in China’s top five hotel chains with this many employees

Indian budget accommodation hotel chain OYO has emerged as one of the top five hotel chains in China after just one year of operations in the country.

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