SME
Amazon announces $250 m venture fund for startups; local traders launch Asmbhv event
“My request is for the RBI to investigate Fema violations wherever these have taken place so that the foreign platforms if they are defaulters, can be checked and stopped,” said Ashwani Mahajan fr
Nitin Gadkari: Opportunity for Indian MSMEs as countries look to diversify their supplies out of China
Ease of Doing Business for MSMEs: "With global supply chain undergoing significant restructuring and companies looking to diversify their supply out of china, our MSMEs have a great opportunity of bei
MSME invoice discounting platform M1xchange raises $10M from Amazon’s new $250M Smbhav Fund, others
Credit and Finance for MSMEs: M1xchange was among the three Trade Receivables Discounting Systems (TReDS) apart from RXIL and Invoicemart that received approval from the Reserve Bank of India (RBI) in
Amazon announces $250M venture fund focusing on SMEs; aims to bring 1M offline retailers online by 2025
Credit and Finance for MSMEs: Amazon also announced a 'Spotlight North East’ programme to get 50,000 artisans, weavers, and small businesses online from the eight states in the North East region of
Flipkart to acquire Cleartrip
Under the terms of the agreement, Cleartrip operations will be acquired by Flipkart and Cleartrip will continue to operate as a separate brand, it added.
Govt overachieves annual MSE procurement target for third straight year even as YoY growth rate falls
Ease of Doing Business for MSMEs: The number of MSEs benefitting from annual procurement contracted to 1.48 lakh in FY21 from 1.57 lakh in FY20.
Coinbase on Nasdaq: What the landmark listing means for Indian crypto startups, investors, ecosystem
The milestone would also allow crypto bulls to advocate even more affirmatively for digital assets' proliferation. Among the most prominent and largest crypto exchanges, Coinbase was launched in 2012
Interview | We want to double MSME loans under SIDBI’s 59-min scheme in 2021: Online PSB Loans’ Jinand Shah
Credit and Finance for MSMEs: "Around 60-65 per cent of sanctioned loan applications belong to MSMEs in the manufacturing and services sectors while trading vertical accounts for another 30-35 per cen
MSME jobs: Growth in small businesses’ intent to hire during Q1 FY22 drops amid Covid
Skill, Labour, Talent for MSMEs: The hiring intent among e-commerce and technology startups was high for the current quarter. From 41 per cent in Q4 FY21, the intent jumped to 51 per cent in Q1 FY22.
Stellaris, Omidyar Network, others back SME cashflow management startup Credflow
Credit and Finance for MSMEs: Stellaris Venture Partners had earlier backed startups including Vogo, Mamaearth, and Signzy while Omidyar had invested in enterprises such as Quikr, Dailyhunt, 1mg, Veda
Pine Labs acquires Fave in a $45-million deal
Merchant commerce platform Pine Labs has acquired Southeast Asian fintech platform Fave in a transaction valued at $45 million.
MSME exports: How fintech can catalyse cross-border transactions for small firms selling via e-commerce
Trade, import, and export for MSMEs: MSME exporters face the issue of a long payment cycle and often lose out because of currency fluctuation. These are small players who don’t have a financial cush
BIS certification: Govt offers 50% concession for micro enterprises, women entrepreneurs, startups
Ease of Doing Business for MSMEs: Existing BIS license holders including micro-enterprises and women entrepreneurs will be given an additional 10 per cent concession.
Delayed-payment cases by small businesses jump nearly 100% in 12 months; resolved cases double
Credit and Finance for MSMEs: The number of resolved delayed-payment cases has more than doubled from 3,145 involving Rs 598 crore to 6,643 involving Rs 1,075 crore.
Despite Gudi Padwa, jewelers hopes dim as showrooms remain shut amidst Maharashtra lockdown
Ease of Doing Business for MSMEs: With industry reports citing a stricter lockdown in the days to come, there is fear of a higher percentage of cancellations of made-to-order items that are now lying
Maharashtra: How MSMEs in India’s economic hub are left Covid-ravaged even as they stare at worst phase now
Ease of Doing Business for MSMEs: Maharashtra has been the biggest beneficiary of the Emergency Credit Line Guarantee Scheme (ECLGS) to offer loans to Covid-hit small businesses and other enterprises
WeWork India raises Rs 200 cr from investors to grow biz, become profitable in 2021
Coworking major WeWork India on Monday said it has raised Rs 200 crore from investors as equity and debt to grow its business and become profitable this year.
‘2.1M women at the center of India’s direct selling market have become successful entrepreneurs’
Ease of Doing Business for MSMEs: The direct selling industry has contributed phenomenally towards self-employment generation in the country. From selling at home parties to selling via social media c
SME lending, procurement startup OfBusiness gets $110M from Falcon Edge, Matrix Partners, others
Credit and Finance for MSMEs: Over the last year, OfBusiness secured $200 million in debt from over 40 lending partners including IDFC First, Kotak, SBI, Bank of Baroda, Bank of India, Punjab National
Amazon India launches mentorship programme for startups to connect with investors, mentors, others
Amazon Launchpad currently showcases over 2 lakh products offered by more than 800 emerging brands across 30 different product categories.
ECLGS: Extension of MSME refinancing scheme might add to banks’ exposure to stressed accounts, says Fitch
Credit and Finance for MSMEs: Under ECLGS, banks and non-banking financial companies (NBFCs) had already sanctioned 82 per cent or Rs 2.46 lakh crore of Rs 3 lakh crore corpus as of February 28, 2021.
Covid restrictions: 30% business loss in one week due to fresh curbs, says traders’ body CAIT
Ease of Doing Business for MSMEs: Inter-state movement of goods by traders contracted by around 15-20 per cent while consumer footfall in retail markets also witnessed a nearly 50 per cent drop, accor
Speciale Invest raises Rs 120 cr as part of new fund for early-stage startups
Speciale Invest, a seed-stage venture capital firm investing in deep technologies, on Friday said it has raised Rs 120 crore as part of its Rs 140 crore-Speciale Invest Continuity Fund I.
Mohalla Tech turns unicorn, valued at $2.1 bn
Other investors, including Snap, Twitter and India Quotient, also backed the financial round.
NCLAT stays insolvency proceedings against OYO
“Today (Thursday) NCLAT has admitted our plea and ordered a stay for the formation of CoC in IBC proceedings against OHHPL, an OYO subsidiary. The claimant has already drawn the Rs 16 lakh which we
Gupshup becomes latest unicorn, raises $100 million
The current funding will be followed by a “second close with significant additional funds raised from more investors,” the company said in a statement. The firm plans to use the fresh funds to sca
‘RBI’s Fair Practices Code to help eradicate digital lenders acting as agents for non-registered NBFCs’
The guidelines and regulatory code of conduct will help create an environment reverberating with trust and transparency in the sphere of financial services via digital lending platforms.
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Top News
- Corona Live: HC pulls up Centre over oxygen shortage; Kerala, Bihar, MP & Chhattisgarh announce free vaccine for all above 18 years
- Coinbase India plan: Acquire startups, hire 'hundreds' of employees in 2 yrs, says incoming country head
- Textile MSMEs see uncertainty in production capacity ahead after recovering to near pre-Covid levels
- MF Vs PMS: Which is a better investment option for retail investors?
- Why is Covaxin's final safety and efficacy report coming only in June? Bharat Biotech clarifies
- Covid-19 Virus Variants: Brazil, UK, South African and other Coronavirus strains in India — check details
- Hero MotoCorp, Gogoro to launch new electric scooters and bikes in India
- Over 21,000 tested positive for COVID after taking first dose of either Covishield or Covaxin: Govt
- Govt releases COVID data showing severity, demography of victims in 2nd wave same as 1st wave
- Nashik Hospital Oxygen leak: 22 COVID-19 patients die as leakage interrupts Oxygen supply
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