Homegrown e-commerce major Flipkart has bumped up the reserves earmarked for financing investments, making acquisitions and extending inter-corporate loans to Rs 8,000 crore ($1.25 billion), show its recent filings with the Ministry of Corporate Affairs. In a board meeting on 29 August, the compa…
Airtel forges strategic partnership with S K Telecom to create India’s finest telecom network
Bharti Airtel India’s largest telecommunications services provider and SK Telecom, Korea’s largest telecommunications company and a world leader in building cutting edge networks, today announced a strategic partnership under which, Airtel will leverage SK Telecom’s expertise to bu…
India Israel Innovation Bridge: Govt invites start-up proposals in Agri, Digital Health & Water
Earlier in July this year, when Prime Minister Narendra Modi visited Israel, among other agreements, the two countries also two countries also launched a bilateral innovation challenge for startups in Israel and India – India Israel Innovation Bridge. The India Israel Innovation Br…
Top executives of Indian firms come forward to lend a hand to cash-crunched SMEs
Y M Deosthalee, former CMD of L&T Finance Holdings Ltd, indicated on September 12 that over a dozen top executives of Indian firms are planning to create a fund that will lend exclusively to the small and medium enterprises (SMEs) in the country. “It is often difficult for SMEs to get funds f…
Startup India: 67 start-up receive tax benefits so far, says CR Chaudhary
The government has extended tax benefits to 67 startups so far with a view to promoting budding entrepreneurs in the country, Minister of State for Commerce & Industry C R Chaudhary said. In January 2016, Prime Minister Narendra Modi had unveiled a slew of incentives to boost …
Defence start-up Tonbo Imaging raises $17 m in Series B from WRV Capital, others
Bengaluru-based defence startup Tonbo Imaging has raised $17 Mn in Series B funding led by WRV Capital. Qualcomm Ventures and Edelweiss Private Equity also participated in this round. The company was reportedly valued at about $62.5 Mn (INR 400 Cr). With this round of investment, G…
Hyderabad based CallHealth Services raises Rs 40 cr from Sachin, Sindhu & existing investors
Chennai: The Hyderabad based CallHealth Services, a healthcare services aggregator, has raised Rs 40 crore in a funding round that saw participation from cricket legend Sachin Tendulkar, top badminton player PV Sindhu and existing investor and badminton player Pullela Gopichand. As per …
Fashion marketplace Zilingo raises $17 m in Series B from Sequoia India, others
Southeast Asian fashion marketplace Zilingo has raised $17 Mn in Series B funding round. The investment was led by Sequoia Capital India & Burda Principal Investments. Tim Draper, founder of DFJ also joined the Series B funding round along with the family office of Ma…
112 Start-ups recognised under Odisha Startup Initiative
Bhubaneswar: Altogether 112 Startups working in diverse areas have been recognised by the Startup Odisha Initiative during the last two months. This emerged during the 3rd meeting of the Task Force held under the Chairmanship of L.N. Gupta, IAS, Additional Chief Secretary, MSME. The Task Fo…
DMart of microcaps: 33 SME stocks of 2017 prove multibaggers, rise up to 180%
New Delhi: If 260 per cent post-listing return by Radhakishan Damani-led Avenue Supermarts (D-Mart) and 220 per cent return by Shankra Buildcon have made investors richer, there is no dearth of SME listings that have proved multibaggers for investors within a short time. Data show…