Chennai-based Waycool Foods and Products Pvt. Ltd, which operates omni-channel fresh produce distribution platform Waycool.in, has raised $2.7 million (Rs 17.5 crore) from impact investor Aspada Investment Company. Waycool, which operates predominantly in Tamil Nadu via a distribution hub in Chen…
Proactive RBI can help people understand microcredit biz: Satin Creditcare
New Delhi: A proactive role from RBI is needed in helping people distinguish between micro finance and chit funds, which are often confused as one, according to NBFC outfit Satin Creditcare. Microfinance credit served by non-banking financial companies (NBFCs) is typically about looking at the bo…
BITS Pilani’s international start-up challenge ‘Conquest 2017’ is back
If you have a brilliant business idea and don’t know where to pitch it, BITS Pilani’s international student-startup challenge is for you. The college is back with its 13th edition of Conquest 2017, which serves as a launchpad for your startup and entrepreneurial dreams. Conquest offers one-on-one…
Fintech start-up perfios secures $6.1 mn in series A funding
Bengaluru-based fintech firm Perfios has reportedly raised $6.1 Mn (INR 40 Cr) in Series A funding round from Bessemer Venture Partners. This is Bessemer’s first deal in a pure play fintech platform. The raised funds will be used for team strengthening, international expansion to the UAE & So…
Pimco Japan’s Makoto Takano to invest Rs 30 cr in Indian start-ups
Bengaluru: Pimco Japan’s former Managing Director Makoto Takano has committed to invest Rs 30 crore in the Indian startup ecosystem through Gurgaon-based Green House Ventures (GHV) Accelerator. GHV , founded by Vikram Upadhyaya in 2014, funds and mentors startups between the incubation and …
GST के दायरे में आएंगे लीज औऱ सिक्युरिटाइजेशन बिजनेस, छोटे कारोबारियों को लगेगा झटका
लीज फाइनेंसिंग और सिक्युरिटाइजेशन ट्रेडिंग जुलाई से महंगा हो सकता है। ऐसा इसलिए है क्योंकि दोनो बिजनेस अब जीएसटी के दायरे में आएंगे। जीएसटी के नए प्रॉविजन को अगर लागू किया जाता है, तो इसका सीधा असर छोटे कारोबारियों पर कैपिटल इन्वेस्टमेंट जुटाने से लेकर एनबीएफसी पर भी होगा। क्या हैं नए प्रावधान फा…
Intercity truck aggregator Trukky to raise $500K in pre-Series A round
Intercity logistics marketplace Trukky is raising $500,000 (Rs 3.25 crore) in a pre-Series A funding round from existing as well as new angel investors, a top company executive told. Owned and operated by Trukky Logistics Pvt Ltd, the SME-focused, mobile-first intercity logistics services platfor…
Bangalore to host start-up festival
Bangalore: In a bid to put Bangalore amongst the top 10 startup places in the world, The Indus Entrepreneur (TiE) is organising a four-day Startup Festival in the city starting April 6. TiE is a non-profit global network of entrepreneurs and professionals dedicated to fostering entrepreneurship. …
Note ban woes over, SME credit growth picks up
Small businesses which were hit the hardest during demonestisation are bouncing back smartly, at least if their demand for credit is anything to go by. Bankers say that unsecured business loans portfolio, which is a lifeline for these small business entities, is showing a 15-18% growth over the p…
36 proposals selected under ‘Start Up Chhattisgarh’ to set up units
A total of 3,858 persons have shared their start-up ideas under ‘Start Up Chhattisgarh’ programme out of which 36 ideas have been selected for setting up units which will be provided refund of all taxes deposited by them. The State Government has provisioned Rs 3 crore in the budget of fiscal yea…