SME

‘Priority lending, urging FMCGs and e-commerce firms to lend may ease small retailers’ credit crisis’

Credit and Finance for MSMEs: The recommendations come days after the government had announced an extension to its Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) from October 31, 2020,

Cars24 is India’s latest unicorn with $200 million funding round led by DST Global

The investment will be deployed towards technology and product innovation apart from scaling new business verticals. Existing investors including Exor Seeds, Moore Strategic Ventures, and Unbound also

Infibeam eyes lion’s share of e-commerce payments in Oman; to process transactions for its biggest bank

Online (channel) is growing fast in that (Oman) market even as post-Covid online transactions across the world have picked up. As a result, merchants will always find the appetite to be able to sell p

LTC Cash Voucher Scheme, Central Government Employees, EMI purchases, 12% GST, FAQ, e-commerce website

‘Many MSMEs are still unaware of digital impact, they fail to build customer loyalty, retention’

Technology for MSMEs: The Coronavirus crisis and the lockdown was a phase of evolution for various MSME sectors. Digitization opened the gates for many local businesses to strengthen their operations

Tax holiday: Start-ups to not get extra relief

Currently, start-ups that are incorporated between April 1, 2016, and March 31, 2021, are allowed to apply for the I-T relief and the eligible ones get it for a block of three out of the first 10 year

SoftBank’s Manoj Kohli: E-commerce, education, healthcare, and fintech to transform faster post Covid

"The government is very sensitive to technology changes while a lot of policy evolution is taking place and we are happy with that. Atmanirbhar Bharat is an excellent slogan given by the PM," said Sof

Vocal for Local: Reliance Retail doubles down on local handicrafts; engages with this many artisans

Ease of Doing Business for MSMEs: Reliance Retail’s Indie by AJIO is an online artisan store on fashion marketplace AJIO for local artisans and handcrafted products in categories such as apparel, ho

Reliance Industries Ltd, Mukesh Ambani, Mubadala Investment Co, Abu Dhabi state fund, KKR & Co , Silver Lake Partners, Jio Platforms, latest news on reliance retail

Photonics startup LightSpeedAI Labs secures funding from YourNest, growX; to invest in building MVP

The startup had received its pre-seed funding from Entrepreneur First last year and was later a part of the Semiconductor Fabless Accelerator Lab – an initiative of the Karnataka government and Indi

Valued at $12 billion, Byju’s a class apart

The ed-tech sector has cornered the bulk of the start-up funding this year with students across the country signing up for ed-tech services to make up for lost school hours.

The Bengaluru-headquartered company, whose revenues have grown at a compounded 125% over the past three years to approximately $400 million, has mopped up some $2 billion so far.

Chqbook: Make your small business big

Chqbook works closely with credit bureaus and financial institutions to deliver tailormade financial products to small business owners

L-R Mohit Goel, Vipul Sharma, Sachin Arora, Rajat Kumar, cofounders, Chqbook

Crofarm: Fresh produce at your doorstep

This agri-tech startup recently launched its B2B2C platform Otipy to strengthen the supply chain of fresh products in the country.

Varun Khurana, CEO & co-founder, Crofarm

Byju’s continues to amass capital; now raising $200 million two months after securing half a billion

Excluding the current round, Byju’s has raised $1.12 billion in 2020 and $2.1 billion so far in over 17 funding rounds, according to Crunchbase. The last round of $500 million counted BlackRock, San

SoftBank’s Masayoshi Son says he was ‘so stupid’ to miss funding Amazon because of lack of money

"I would rather accept my stupidity and my ignorance for bad decisions so that I can learn from my mistake and not to repeat it so that I can become smarter," said SoftBank's Son.

OYO to focus on 5 core markets amid COVID crisis, says group CEO

The company, which saw its gross margins fall sharply after the outbreak of COVID-19, said its gross margins are now back to 85 per cent of the pre-pandemic levels.

We are broad enough to not have to expand any more," OYO founder and group CEO Ritesh Agarwal said at FICCI Global Young Leaders Summit.

Indian talent today touches almost every part of Amazon’s global offerings, says Amit Agarwal

Agarwal said Indian e-commerce is early in its evolution, with barely 3 per cent of total retail consumption, but is already ushering in faster digitization across the consumption value chain

Last month, the consumer affairs ministry had issued notices to e-commerce majors Flipkart and Amazon for not displaying such information.

Mudra Yojana: PM Modi’s pet scheme disburses 93% of sanctioned loan amount in FY21 so far to MSEs

Credit and Finance for MSMEs: Lenders including banks, non-banking financial companies, microfinance institutions, others had disbursed Rs 3,29,684.63 crore and Rs 3,11,811.38 crore during FY20 and FY

Over 11 lakh MSMEs registered on Udyam online system since July Government data reveals and over 1 crore employment

Mastercard’s Porush Singh: Project Kirana to empower women-led shops, boost access to financial services

Ease of Doing Business for MSMEs: Singh said that the common thread that restrains progress for female business owners around the world is the perception of gender bias while their contribution in run

Student loan NBFC Eduvanz buys mentoring app Klarity; gets access to mentors from Amazon, Google, others

The gross bank credit growth deployed by banks towards education loans in India declined 3.8 per cent to Rs 51,898 crore as of September 25, 2020, from Rs 53,921 crore as on September 27, 2019, accord

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Microsoft offers healthtech startups free Azure credits, unlimited tech support, more with new programme

Access to cloud computing for Azure Data and Artificial Intelligence services, Azure Internet-of-Things, Azure Healthcare Bot, Identify Management, and more would also be accessible to startups.

microsoft will allow some employees for work from home permanently

‘Poor leadership can cost 7% of a firm’s turnover, 4% lower revenue growth, lower customer satisfaction’

Micromanagement entails giving orders with dictatorial authority. This behaviour flies in the face of a flexible and agile work culture that is a prerequisite for enabling innovation as well as trust.

Fintech app True Balance raises $28 million in series D funding

A wholly-owned subsidiary of Korea-based Balancehero, the Seoul and Gurgaon headquartered fintech will deploy the funds to expand in India and strengthen its technological capabilities.

Our product design is made for MSMEs adopting technology for the first time: Tejas Goenka, MD, Tally Solutions

The current situation is difficult for everyone, cash flow has taken a hit, unsold stock lie in warehouses, labour is scarce and these are not problems that can be solved with just technology, says Te

Zomato makes its takeaway service free for all restaurant partners

“The overall foodservice industry is still far from full recovery. The sector will continue to need all the help to get back to pre-Covid levels,” Zomato said.

Zomato is in the process of issuing 34,873 series J preference shares to investors at an issue price of Rs 3,00,235, the company said in the filings.

SaaS unicorn Druva acquires US-based Salesforce cloud backup firm sfApex to ramp up data protection

Druva said its cloud platform allows data protection from “other leading SaaS applications including Microsoft365, Google Workspace, and Slack within a single platform,” to offer compliance visibi

‘Amazon seeking to exercise control over Future Retail without owning a stake’

FDI is permitted under automatic route in FCL. The FDI laws allow FCL to hold the shares of FRL only as long as FCL is owned and controlled by Indian residents namely Biyani, the sources said.

Amazon did not reply to a detailed email sent seeking comments.

Apple reduces App Store commission by half for ‘eligible’ small businesses, independent developers

Ease of Doing Business for MSMEs: The relief is part of the company’s new programme -- App Store Small Business Programme for developers who sell digital goods and services on the App Store that has

Piyush Goyal: Govt e-commerce portal GeM playing crucial role in MSME growth; orders up 88% in 12 months

Ease of Doing Business for MSMEs: Overall, the government buying from MSEs went up from 23.11 per cent in 2017-18 to 30.95 per cent in 2019-20 and 33.21 per cent in FY21 so far.

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