SME

Snapdeal waives off penalty on sellers for delayed, cancelled orders amid lockdown

While Snapdeal has also prioritized the sale of essential goods including personal, home hygiene, safety products etc. but unlike Amazon and Flipkart, it continues to accept orders for other categorie

Industry News

MSMEs welcome govt’s decision to bear EPF contribution; to help small businesses in these key areas

Ease of Doing Business for MSMEs: Businesses having up to 100 employees and 90 per cent of them earning less than Rs 15,000 per month would be able to avail this benefit.

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Covid-19: VC funds see growth-stage startup funding to be worst-hit; tell entrepreneurs ‘cash is king’

Among the areas likely to be impacted the most would be travel, hospitality, coworking/coliving, ride-sharing, in-venue entertainment etc. involving discretionary spending.

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Forget paying cash for your Amazon order amid lockdown as e-commerce company suspends COD option

Cash on delivery option is available on other online delivery platforms including Flipkart, Zomato, Swiggy, Grofers etc. even as they continue to suggest making online payments during order checkouts.

amazon, ecommerce sector News

Women in leadership: 4 reasons why world needs more women-led businesses than ever

In 2018, it was estimated that women contribute in excess of $40 trillion in global consumer spending every year. This figure has only grown since, with women driving between 70 and 80 per cent of all

Cafe SME News

Clearing Backlog: BigBasket, Grofers and Flipkart resume grocery deliveries

Online grocers BigBasket, Grofers and Flipkart resumed deliveries late on Wednesday after the authorities stepped in to facilitate the movement of delivery staff.

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Qure.ai develops virtual platform to tackle Covid-19

With operations in San Francisco and New York, Mumbai-based Qure.ai is into AI solution development that is disrupting the radiology status quo by enhancing imaging accuracy with the assistance of mac

This can be used by healthcare workers for screening Covid-19 patients who need to undergo further testing as well as to monitor the progression of patients. (Representative image/ PTI image) News

Grofers back in Delhi NCR after brief halt; BigBasket remains suspended in 16 out of 26 cities

Grofers services remained suspended in other cities including Bengaluru, Kolkata, Hyderabad, Mumbai etc. The company had closed operations on Wednesday due to restrictions amid Coronavirus lockdown.

Industry News

Flipkart to resume delivery of grocery, essential goods after govt’s clarification on e-commerce

Despite exemption to e-commerce deliveries of goods including food, pharmaceuticals, and medical equipment from the government, e-commerce and other online delivery companies like Zomato, Medlife, Mil

flipkart temporarily suspends its operations in india because of nationwide lockdown of coronavirus News

Deliveries of essential goods cancelled, delayed as Covid-19 lockdown hits availability

The problem for consumers buying goods online in days ahead might not change as leading e-commerce portals and grocery players have shut their services temporarily.

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Amitabh Kant ensures Grofers, BigBasket zero inconvenience by government authorities

The nationwide lockdown announced by PM Modi on Tuesday for three weeks has caused confusion on the ground as delivery personnel of healthcare products, food, daily essentials from companies including

niti aayog, amitabh kant News

Flipkart suspends all services, Amazon to deliver only ‘high priority’ products amid coronavirus lockdown

Homegrown e-commerce giant Flipkart has temporarily suspended all services while Amazon India has restricted delivery to products that are critical in the wake of the ongoing coronavirus crisis.

amazon and flipkart get big relief from karnataka high court stop on CCI investigation News

MakeMyTrip’s Deep kalra, Rajesh Magow to draw ‘zero salary’ due to COVID-19 impact

Group Executive Chairman Deep Kalra and its Group CEO Rajesh Magow have decided to take 'zero salary' from April 2020 as the company plans to undertake multiple "tough measures" to keep overall expens

MakeMyTrip, Deep kalra, Rajesh Magow, COVID-19 outbreak, COVID-19 in India, latest news on coronavirus, COVId 19 impact News

IBC: These 3 provisions can be potential threat to MSMEs unless government takes this key step

Ease of Doing Business for MSMEs: One may indisputably note that in the context of the prevailing mechanism under IBC, there are several inherent yet critical issues which would inevitably affect the

IBC deadline extended, insolvency and bankruptcy code, ibbi, insolvency and bankruptcy board of inida, threshold limit increased News

Ivanka Trump lauds Ritesh Agarwal’s OYO for offering free stays to doctors in US amid COVID-19 crisis

The OYO press release said that beginning March 24, medical first responders will receive free accommodations at any OYO Hotel in the United States so they can sleep, shower or just get off their feet

Ivanka Trump, Ritesh Agarwal, oyo rooms, donald trump, OYO Hotels, coronavirus, covid 19, OYO Hotels & Homes, latest news on ivanka trump News

Big Basket announces 100% acquisition of online milk delivery app DailyNinja

Co-founder and CEO Hari Menon said DailyNinja’s large network of milkman partners would enable the firm to expand its sales offerings under bbdaily.

The merger with BigBasket has the potential to allow DailyNinja to double its business within a month by leveraging bb’s supply chain capabilities. News

Ola gives respite to drivers impacted by lockdown; takes this step to reduce their ‘economic burden’

SoftBank-backed Ola said this will help in reducing the economic burden of its drivers even as it would continue to offer insurance benefits to them and their spouses if contracted.

Industry News

FM Sitharaman rescues MSMEs from insolvency proceedings amid Coronavirus; raises default threshold

Ease of Doing Business for MSMEs: Sitharaman said that if the current situation (due to Coronavirus) continued beyond April 30, 2020, the government may consider suspending section 7, 9 and 10 of the

Industry News

Startups, MSMEs having queries on Covid-19? Invest India sets up one-stop shop for all your questions

Ease of Doing Business for MSMEs: Setting up a stop-shop for businesses and investors to get updated information around Covid-19 gains importance as MSMEs and small businesses are likely to take maxim

Industry News

Alibaba-backed BigBasket ramps up subscription business; acquires smaller rival DailyNinja

BigBasket currently competes with SoftBank and Tiger Global backed Grofers, Amazon Fresh and Amazon Pantry, Flipkart Supermart etc in the grocery play. Swiggy and Dunzo have also been in the grocery s

Industry News

Startup India: How entrepreneurs can realise full potential of govt’s scheme, remain competitive

As the world’s economy transitions into one where economic value is created by bringing about disruption, and consequently behavioural change, governments know they have to create ample runway space

Cafe SME News

MSMEs may not survive if cash flow problem occurs amid lockdown, FICCI tells govt; suggests steps

Credit and Finance for MSMEs: FICCI requested SEBI to ask rating agencies not to downgrade SME sector from March onwards. It also sought to restore those downgraded by one notch to the ratings before

New Coronavirus Covid-19 LIVE updates in hindi here total number of death recoveries latest updates precautions directions News

India’s MSME sector swells, adds these many enterprises in FY20; micro businesses dominate

According to the MSME Ministry’s FY19 annual report, the MSME sector is dominated by micro-enterprises. India has 6.33 crore MSMEs out of which 6.30 crore -- 99.4 per cent are micro-enterprises.

coronavirus outbreak, coronavirus pandemic, coronavirus in India, coronavirus cases in India, coronavirus India stage, stages of coronavirus outbreak, local transmission coronavirus, community transmission coronavirus, covid-19 News

Coronavirus cripples funding in young startups as investors redirect focus on conserving cash

The Coronavirus may have a similar impact on startup funding that previous virus outbreaks like SARS and Zika had in the impacted regions.

Industry News

Learn, unlearn, relearn: What entrepreneurs need to stay competitive and fill widening skill gap

While established companies can bridge this need-gap by hiring top talent, budding entrepreneurs rarely possess enough capital to employ such resources.

Cafe SME News

Reaching for the stars: Artha Venture Fund invests Rs 3.6 crore in Agnikul

Artha Venture Fund (AVF), an early-stage micro-VC fund, has announced an investment of $500,000 ( Rs 3.6 crore) in space-tech company Agnikul in its Pre-Series A funding round.

Industry News

Raising funds remains a significant challenge for emerging businesses, says 9Unicorn Fund’s Co-Founder & MD

9Unicorn is an early-stage financing company and its co-founder and managing director, Apoorva Ranjan Sharma, is a seasoned veteran in the startup sector and a serial investor.

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