Funds boost: Indian startups get $4.4 billion this year; Paytm, BigBasket, others raise over $100 million each

The year started with the fresh funding round by food delivery startup Zomato in February, raising about $200 million from Ant Financial Group, followed by Paytm, which raised about Rs 2,900 crore (ar

money, economy

Fintech startup CASHe targets Rs 800 cr loan book by fiscal end, backs Modi government’s Digital India

Backing Prime Minister Narendra Modi's Digital India, V Raman Kumar of CASHe says the government has taken several initiatives to boost the FinTech ecosystem.

CASHe, V Raman Kumar

Online food delivery platforms under government scanner: FSSAI to conduct large scale audit in September

According 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

Paytm acquires Bengaluru-based startup Balance Technology; deal size said to be $2 million

According 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.

Azim Premji pumps Rs 400 crore in glass manufacturing company, and for this reason

The family investment arm of Azim Premji -- Premji Invest -- has pumped Rs 400 crore in domestic floating glass manufacturer Gold Plus Glass Industry Ltd.

Azim Premji pumps Rs 400 crore in this glass manufacturing company, and for this reason

Ola’s latest threat to Uber: Indian cab aggregator drives into UK after speeding in Australian lanes

The 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.

Ola, OLA UK, Ola London, Ben Legg, OLA UK MD

Baring Private Equity invests Rs 150 crore in NBFC Capital Trust

Capital 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.

Edible cutlery, bamboo toothbrushes, paper straws! 5 innovative ideas by 5 startups to fight plastic pollution

Each 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.

Clovia takes on competitors, focuses on three pillars to win customers’ hearts and their wardrobes

Clovia’ online sales are about 80% of the total revenue, while 20% of the revenue comes from offline sales.

Pankaj Vermani, Clovia

Yumlane aims to double delivery to 10 million units by 2019, targets 40 cities: Hitesh Ahuja, Founder and CEO, Yumlane

In an exclusive conversation with Financial, 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 f

Allocation to SIDBI out of startup funds down at Rs 100 crore in FY17

The 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.

sidbi, start up, Funds of Funds for Startups, startup india, Small Industries Development Bank of India

After GST, demonetisation, SMEs face the brunt of rising interest costs, warns Moody’s

Interest 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 repo

GST, demonetisation, SME, Moody, loan against property, SME borrowers, asset backed securities

Madhya Pradesh’s turn now: ‘Startup India Yatra’ van to travel in 10 cities; promote entrepreneurship

With 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

Zomato Piggybank launched: Grab 10% cashback on orders; check details

Zomato 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.

OYO acquires AblePlus for undisclosed amount, to enhance and strengthen its technology portfolio

Hospitality 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 disc

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Ola Outstation second only to the Indian Railways in terms of network and scale: Vijay Ghadge – VP (Operations), Ola

In an exclusive conversation with, Vijay Ghadge, Vice President - Operations at Ola, speaks of the company's plans to expand across markets, its partnership with search giant Goog

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Relax artificial entry barriers for MSMEs, SC/ST enterprises, Government tells PSUs

The 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 procureme

artificial entry barriers, government, msme's, psu, tenders, sc, st, enterprises, narendra modi, artificial entry

Fitness consultation platform SQUATS ventures into offline space, targets 120 ‘Diet and Wellness’ centres by 2020

Pune-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.

Squats, squats india, squats funding, squats offline stores, offline stores of squats, sports news

Eruditus Executive Education raises 16 cr Venture Debt from InnoVen Capital for new programmes, business scaling

This 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 profess

eruditus executive education, innoven capital, venture debt, education programmes, global education, education funds, education funds, MOOC, B schools, startup venture, startup collaboration

Startup Alert! Angel funds need to disclose investments, ‘material changes’: SEBI

Angel 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.

World trade information provider Connect2India launches global trade helpline for SMEs

World 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.

Another e-commerce startup becomes unicorn: Policybazaar raises over $200 million, plans IPO, says report

The 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

To 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.

Big boost for ‘Khadi’ soon: Modi government plans to position it as ‘Indian brand’ with bigger play abroad

The 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 i

Khadi, narendra modi, MSME, khadi industry, Indian brand, KVIC,

Swiggy raises $210 million in fresh round of funding led by Naspers and DST Global

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.

Swiggy, WhatsApp solution, Food delivery 

Credit exposure to MSMEs improving; impact of demonetisation, GST waning, says report

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.

MSME, msme sector, Demonetisation, GST, credit, credit exposure

Coverfox plans big for India, to create jobs for college students, housewives and unemployed youth

Devendra Rane of says Modi government has been very supportive of startup eco-system and his company has benefitted from the schemes.

Devendra Rane,
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