The Export-Import Bank of India has activated a $15 million credit line for Kenyan SMEs to finance imports. The Indian lender signed the financing agreement with the kenyan government in July last year during the visit of Indian Prime Minister Narendra Modi to the country. The $15 million is bein…
KVIC to promote banana-extract fibre with contemporary twist
Kolkata: The Khadi & Village Industries Commission (KVIC) will work towards promoting fibre extracted from banana in a big way, senior officials of KVIC said. “We are promoting and thus facilitating research in extracting fibre from banana leaves which are abundant in eastern region, for prod…
CherishX, Touchkin and mShipper selected for Facebook’s FbStart programme
Social media giant Facebook has selected express delivery platform mShipper, healthcare firm Touchkin and dating experiences platform CherishX for its FbStart programme, the companies told . The startups will receive up to $40,000 from Facebook and its 30 partners, including Amazon, UserTesting, …
Gadget repair service PICKmE secures $1.79 mn from SIDBI VC
Mumbai-based PICKmE e-Solutions India Pvt Ltd has raised Rs 12 crore ($1.79 million) from SIDBI Venture Capital Fund, according to a filing with the Registrar of Companies. SIDBI has bought 30,133 shares at Rs. 3,982.34 apiece. The gadget insurance and repair services startup will use the capital…
Accel Partners leads $10 mn Series B round in AgroStar
Pune-based ULink AgriTech Pvt. Ltd, which operates direct-to-farmer mobile-based retail platform AgroStar, has raised $10 million (around Rs 66.6 crore) in its Series B round led by Accel Partners, the company said in a statement. Existing investors IDG Ventures and Aavishkaar Venture Management …
Star India picks up stake in start-up Zapr
Mumbai: Television broadcaster Star India has picked up a minority stake in Bengaluru-based media-tech start-up Zapr Media Labs, which owns a proprietary technology that analyses television viewership with the help of audio recognition tool. Zapr has been looking to raise $8-10 million. Star Indi…
India’s first cybersecurity start-up hub set up by Amrita University
Amrita University has set up what it claimed was India’s first start-up hub to focus exclusively on cybersecurity. The Technology Business Incubator and the university’s Center for Cybersecurity Systems and Networks have come together for this initiative, which will bring together res…
Fashion discovery platform SummerLabel raises seed funding
Gurgaon-based fashion and lifestyle discovery platform SummerLabel has raised Rs 1 crore ($150,000) in seed funding from a clutch of high net worth individuals, the company said in a press statement. Aneesh Seth, director at web development firm 23 bytes, and Tushar Mittal, founder of design stud…
मैन्युफैक्चरिंग सेक्टर में आयी गिरावट, मैन्युफैक्चर्ड वस्तुओं की बिक्री 3.7 प्रतिशत कम हुयी
देश में अगले कुछ दिनों में नौकरियों में छंटनी की जा सकती है. देश में पिछले सात वर्षों में पहली बार मैन्युफैक्चर्ड वस्तुओं की बिक्री में 3.7 प्रतिशत की गिरावट दर्ज की गई है. विश्व में आर्थिक मंदी और मांग में कमी के कारण भारत के उद्योग धंधे पर सीधा असर पड़ रहा है. भारत […]
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Ex-Infosys CFO launches SME lender
A former CFO of Infosys, V. Balakrishnan, is entering India’s alternative lending market through the launch of his new company, billionloans. The company will target SMEs as well as consumers by linking borrowers to investors, reports said March 3. MicroGraam Executive Rangan Varadan is a joint f…