SME

Flipkart strengthens fashion business; acquires stake in Flying Machine’s owner Arvind Youth Brands

The investment by Flipkart will add to its strengths in online fashion segment as it has already been leading the segment with the dominance of Myntra ahead of its rival Amazon.

Flipkart's new part payment system, customers can make payment for products in two parts

Nitin Gadkari’s mantra to uplift very small enterprises; says microfinancing is need of hour

Credit and Finance for MSMEs: Union Minister Nitin Gadkari said that a policy of micro-financing is need of the hour for micro-businesses in rural, agricultural, and tribal sector.

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Good start-ups are getting sold to foreign firms, Indian investors need to play greater role: Piyush Goyal

The minister expressed confidence that once investors recognise the "great role" of start-ups in strengthening women entrepreneurship, boosting self reliant India campaign, promoting innovation, they

Help Indian MSMEs market products globally: Nitin Gadkari to Amazon

Nitin Gadkari said the MSME sector accounts for 30 per cent of India's growth and about 48 per cent of the country's exports. 

New e-commerce policy with mandatory display of ‘country of origin’ on products by this week: Ram Vilas Paswan

The inventory e-commerce entities will also have to ensure that the advertisements for marketing of goods and services are consistent with the actual characteristics, access and usage conditions of su

Amazon boosts Indian exports: MSMEs, brands cross $2 billion in sales on global selling platform

Domestic MSMEs and brands which are listed on e-commerce platform Amazon’s Global Selling Programme (GSP) have crossed $2 billion in cumulative exports.

amazon launches skill development program will provide employment opportunities to youth in coronavirus crisis

99% goods sold are Made in India; focused on kiranas, SMEs via Vocal for Local, says Metro Cash & Carry

Ease of Doing Business for MSMEs: Metro Cash and Carry has 3 million customers in India including multiple kirana stores and small businesses. It had launched e-commerce app in April this year for cu

kirana, grocery shop, kirana stores, malls, kirana store

Retail trade suffers Rs 15.5 crore loss in 100 days; unlock 1.0 nearly fails to revive demand

Credit and Finance for MSMEs: Despite 45 days of unlock 1.0, demand has hardly picked up as retailers witnessed “very minimal footfall” apart from facing lack of manpower and financial crunch.

Information about Country of Origin of product by the sellers made mandatory on GeM to promote Make in India and Aatmanirbhar Bharat, Ministry of Commerce & Industry

Mukesh Ambani’s JioMart launches app for Android, iPhone users; offers free delivery, loyalty programme

While Amazon offers free delivery for Pantry orders above Rs 799, Flipkart has Rs 600 as minimum order value to place an order and Rs 1,200 for free delivery. Grofers, on the other hand, provides free

Insurance aggregator Policybazaar to raise $150 million in Q3

Insurance aggregator Policybazaar plans to raise USD 150 million (about Rs 1,100 crore) as buffer capital during the third quarter of current fiscal.

ECLGS for MSMEs: Disbursement jumps over 1600% under Modi govt’s pet scheme for small business credit

Credit and Finance for MSMEs: SBI remained the leading lender with Rs 14,362.68 crore disbursed followed by Rs 5,298.71 disbursed by Canara Bank, Rs 4,057.77 by Bank of Baroda, Rs 4,032.58 by PNB, an

Tiger Global-backed edtech startup Vedantu raises $100 million; valuation crosses $500 million

US-based Coatue Management led the round that valued the company at $600 million. This has made Vedantu among the most valued edtech startups in India.

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Future is now: 6 most critical things startups need to ensure while planning for a better tomorrow

Today, startups are in an early stage process and in a better position of being future-ready while the enterprises will have to go through a rigorous grind.

Online seller group AIOVA asks Chinese e-retailer Club Factory to clear dues in 48 hours; sends notice

Credit and Finance for MSMEs: Citing clause 8.4 of the RBI circular ‘Guidelines on Regulation Aggregators and Payment Gateways’, the notice by AIOVA said that no payment aggregator can defer the s

Now pay only partially while ordering on Flipkart as company launches new payment mode to reduce returns

The rate card, which includes different fee types such as fixed fee, commission, shipping fee and collection fee, will remain the same for sellers under the new payment mode by Walmart-owned Flipkart.

JioMart adds to its product range to compete with e-commerce majors Amazon and Flipkart

Reliance Retail whose growth model is ‘based on partnerships with small merchants and shopkeepers’ has also ‘successfully piloted’ the JioMart grocery model with kirana partners.

JioMart will cover more cities, customers and expand to more categories in the coming years besides strengthening collaboration with more brands, businesses and entrepreneurs.

Amazon asks sellers to display country of origin by August 10, or else listings will be ‘suppresed’

The move comes around a week after the DPIIT sought August 1 as the deadline for e-commerce companies to enable country of origin information for new listings and September-end for old listings.

Amazon India to hire 20,000 temporary staff in customer service to serve global customers

MobiKwik’s revenue up 133% in FY20 with strong growth in wallet, e-credit card, payment gateway segments

The wallet or consumer payments arm, which is the primary business for MobiKwik, registered growth of 159 per cent in net revenue from Rs 89 crore in FY19 to Rs 230 crore in FY20.

Mukesh Ambani invites startups to work with Jio; offers market access, tech development, capital, more

"Just a few decades back Reliance itself was a startup and Jio is still very much a startup and as such we have a very special place in our hearts for startups. I believe that there is no better partn

RIL 43rd AGM, Reliance Industries Limited, Mukesh Ambani, Jio Mart, Isha Ambani

Vocal for local: After UP, Jharkhand, Punjab, Karnataka, Flipkart to onboard artisans from this state

Technology for MSMEs: Flipkart has been partnering with different state governments and government organisations including Uttar Pradesh, Jharkhand, Punjab, and Gujarat under its Samarth initiative la

Walmart-led group to pump over Rs 9,000cr in Flipkart to give it extra firepower to compete with Amazon and JioMart

Staying relevant: Reskilling workforce for AI, ML, IoT, era must for MSMEs, startups to survive, scale

Technology for MSMEs: Pandemic induced lockdown and the consequent social distancing have given a chance for online learning to showcase its effectiveness as a primary learning model, rather than as a

Chinese e-commerce firm Club Factory finally suspends India operations; puts sellers’ payments on hold

Club Factory, which has over 30,000 sellers on its marketplace, informed them in an email that their payments have been “put on hold until the ban of the Club Factory app and website is lifted".

Startups diversifying to survive Covid may make U-turn; consolidation on anvil in crowded segments

The grocery segment has attracted maximum businesses. NoBroker, Perpule, Meesho, Snapdeal, ShopClues, Box8, Uber, CountLoot, Rapido, PhonePe and more have tapped into the vertical that is led by BigB

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Flipkart raises $1.2 billion funding led by parent Walmart; valuation nears $25 billion

The investment by Walmart is likely to give more firepower to Amazon’s arch-rival as the two remain the leading players in the fast-growing e-commerce market in India.

OYO, Unilever join hands to enhance ‘Sanitised Stays’ initiative

"This global partnership will begin in India and then go live across Indonesia, Vietnam, the US, LATAM and Europe,"the companies said in a joint statement on Tuesday.

OYO, Unilever, Sanitised Stays initiative, LATAM, Ritesh Agarwal, Hindustan Unilever Chairman, latest news on OYO

Bank credit to small businesses up marginally amid govt’s push; this much amount given in May

Credit and Finance for MSMEs: The growth in bank credit to MSEs had remained contracted since April FY20 till December while the decline was highest in July and August at minus 1.8 per cent.

"The government has chosen the credit and monetary policy route to boost the economic growth rather than the fiscal mode," he said.

Remote working: How small businesses can navigate through new normal to win customers, reduce cost, more

Ease of Doing Business for MSMEs: As the world tilts on the axis of the new normal, it becomes further imperative for small enterprises as well as startups to re-evaluate, retain and further recalibra

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