SME

Mukesh Ambani’s Reliance helps salvage India’s 2020 PE-VC funding climate even as deal volume declines

$17.3 billion funding by US-based PE and other global sovereign wealth funds in Jio Platforms, Reliance Retail, and Reliance Digital Fibre Infrastructure Trust accounted for 44 per cent of the total P

Startups from the north-eastern region of India that will be worth watching out for in 2021

From adventure tourism and agritech to media and entertainment, there are a whole lot of startups that may see increased business in the new year.

From adventure tourism and agritech to media and entertainment, there are a whole lot of startups that may see increased business in the new year.

Social commerce emerging as a new model for small and medium businesses to transact

Apart from social media-led product discovery, business models like reselling and group-buying have also evolved within the space.

WhatsApp, Facebook and Instagram with a collective reach of over 400 million users allow businesses to tap into potential customers.

FDI ‘violations’: RBI, ED asked to take ‘necessary action’ on allegations against Amazon, Flipkart and Walmart

At present, while the DPIIT formulates and notifies FDI policies, any violation of such rules is dealt under the penal provisions of the Foreign Exchange Management Act (Fema). This Act is administere

For their part, the e-commerce players have denied the charges and maintained that they abide by the relevant rules.

PhonePe’s revenue from operations surges to Rs 372 crore from Rs 184 crore

Even as revenues increased considerably, the firm remained in the red

Zomato clocks 34% higher gross merchandise value this Christmas over last year: CEO

The company estimates GMV to exceed 50% on New Year’s eve compared to the previous year as curfews across various cities is expected to boost demand for food delivery. Zomato recorded as many as 2,5

“Surpassed India vs Pakistan day wala opm. And it’s only 6pm! I hope our tech lives through this,” the CEO said in a tweet.

There is no SME-focused end-to-end insurance buying platform in India: ICICI Lombard’s Sanjeev Mantri

Technology for MSMEs: For SMEs, ICICI Lombard had earlier launched its automated bot platform, MyRA (My Robotic Assistant) to get policy quotes via email and complete the transaction through the bot i

IRDAI DIRECTED GENERAL AND HEALTH INSURANCE COMPANIES TO OFFER Standard personal accident insurance policy AND NEXT YEAR YOU MAY OPT A COVER UPTO 1 CRORE

Expectations 2021: With Covid fallout in rearview mirror, fintech startups set to make up for 2020 losses

The startups are also looking to leverage the measures taken by the RBI and the government to address infrastructure and liquidity related concerns to streamline their growth in 2021.

Walmart’s PhonePe sees decline in losses first time since launch; revenue up 74% in FY20

Revenues for the Paytm and Google Pay rival continued to improve year-on-year. For FY20, Phonepe earned Rs 427 crore in total revenues, up from Rs 245 crore in FY19. Expenses were up marginally from t

‘MSMEs to decide whether India taps or loses opportunity to deliver what world maybe seeking’

Credit and Finance for MSMEs: MSMEs in India can truly thrive in 2021 only if they understand the need to adapt and embrace what a new-age world has in terms of the offering.

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

GigIndia raises Rs 7.6 crore in Pre-Series A from angel investors

GigIndia plans to use the freshly-raised funds in enhancing their technology platform for building a larger community of such workers to serve contracts signed with the largest enterprises from next y

GigIndia has seen growth in gig workers from Tier-II, -III and Tier-IV cities from 5.22% in March to 58.11% in September.

Unacademy ends 2020 with year’s fifth acquisition; buys NeoStencil to strengthen test prep stronghold

The latest acquisition will help fortify the growth of Unacademy -- an online learning platform for cracking competitive exams -- in the test prep segment of the edtech sector in India.

GeM in 2020: Govt’s purchase of goods from MSMEs crossed Rs 74.5k cr in value, says Commerce Ministry

Ease of Doing Business for MSMEs: Financial Express Online had recently reported that the average daily order value for GeM increased 282 per cent from Rs 34.12 crore in April 2020 to Rs 130.53 crore

MSME, dues clearance, ECLGS, credit guarantee scheme

Fashion marketplace Voonik turns profitable as expenses continued to narrow YoY; revenue up 109%

The company reported climbing out of red from Rs 17.63 crore in losses during FY19 to Rs 28.90 crore in net profit for FY20 – a 264 per cent jump. Sequoia, Beenext, Beenos Partners, RB Investments,

With online accounting for the majority of the sales currently, brands have begun to increase marketing spends on the platform

KVIC enters Amazon-Flipkart-BigBasket turf; to fully roll out e-commerce portal around New Year’s Day

Technology for MSMEs: The e-commerce marketplace is expected to cross Rs 2 crore in turnover by end of the current financial year 2020-21 with khadi masks, khadi fabric, and honey being the top-sellin

HPCL, FCI, Indian Oil, NSIC top buyers of SC/ST owned MSEs in FY21 so far amid 12% jump in govt buying

Ease of Doing Business for MSMEs: The government had revised the annual public procurement target for CPSEs in 2018 to 25 per cent from MSEs out of their total annual purchases. The 25 per cent procur

MSME Budget 2021 Expectations, Budget 2021 Expectations for MSME

‘Next decade belongs to small businesses but here’s how they can navigate ‘techade’ in new normal’

Ease of Doing Business for MSMEs: Black Swan moments disrupt the status quo but they also provide newer opportunities. SMEs would do well to be agile and resilient enough to pivot into new areas when

We Founder Circle plans to invest Rs 44 cr in start-ups in next fiscal

The entity claimed to have invested around USD 400,000 (around Rs 3 crore) in eight start-ups within 100 days.

startups, we founder circle

Now MSME customers of this bank can use SIDBI’s DIY portal to submit restructuring proposals

Ease of Doing Business for MSMEs: While the documents required for the proposal may vary as per the internal guidelines of the banks, MSMEs would have to upload soft copies of the signed application f

debt, credit card, asset allocation, asset allocation strategy, rebalancing portfolio, asset mix, mutual funds, asset classes, equity, debt, cash equivalents, gold, festive overspending, how to regain control of your finances, credit card debt, Tighten budget, Save first, spend later, festive spends

The year that was: The biggest newsmakers of India’s glamourous tech, startup ecosystem who defined 2020

2020 arguably saw it all – rising fast, falling fast, tweaking or pivoting to survive, rethinking business models, learning fast and acting on it, fixing problems, latching on to one or the other se

Amazon invests Rs 11,400 crore in India in FY20

Amazon Wholesale - which is the B2B unit - received Rs 360 crore funding, while Amazon Pay received Rs 2,705 crore in three tranches during FY20.

Amazon Wholesale (India), however, saw its revenue from operations falling from Rs 11,231.6 crore in FY19 to Rs 3,384.6 crore in FY20.

Enterprise risk management: How MSMEs can prepare for even smallest tremors of business instability

Ease of Doing Business for MSMEs: ERM should be a mandatory process for MSMEs, in order to improve their chances of sustained and successful longevity. However, it is often perceived simply as an adde

MSME Budget 2021 Expectations, Budget 2021 Expectations for MSME

Contract farming won’t lead to farmers losing land; ethanol-from-rice policy on the cards: Gadkari

As for crop diversification, the government has been considering a proposal to allow ethanol production from surplus rice, and not just from cane juice or molasses.

The Bills free farmers from various shackles and allow them to sell their crops wherever they want, just like any other producer, Gadkari stressed.

Startups in 2020: Byju’s, PhonePe, Zomato, Sequoia, Accel top dealmakers; funding falls 21% amid Covid

Venture capital (VC) investors, private equity (PE) players, corporates, accelerators, angel investors, etc., together put over $11.4 billion in startups this year (second highest annual deal value in

3-month old Flipkart’s B2B store for MSMEs see 75% monthly jump in customer base, 90% in transactions

Ease of Doing Business for MSMEs: Flipkart had launched the B2B marketplace with the acquisition of the wholesale business of its parent company Walmart in India that operated 28 Best Price cash-and-c

Monthly active users for Flipkart, PhonePe at all-time high said Walmart

Agri-tech startup Aqgromalin raises Rs 2 crore from angel investors

Aqgromalin supplements the income of small landholding farmers through ready to implement micro-farms mainly in the areas of Animal Husbandry and Aquaculture.

The agri-tech startup follows a comprehensive approach to help farmers utilise their existing farm assets and broaden their agricultural practices for better growth.

Traders’ body CAIT to FM Sitharaman: Defer Rule 86B in GST to ease compliance burden

Ease of Doing Business for MSMEs: The Central Board of Indirect Taxes and Customs (CBIC) has introduced Rule 86B in GST that restricts the use of input tax credit (ITC) for discharging GST liability t

GST Network , Goods and Services Tax Network, GST returnms, auto-piloted GST returns, input tax credits, EY Tax Partner Abhishek Jain, GSTN
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