Mumbai: At a time when several companies and sectors are feeling a threat of digital economy, small and medium scale enterprises are set to ride on the technology and see a spurt in their growth according to a report by CII and KPMG. “Digital technology has opened a plethora of avenues for …
CreditMantri raises $7.6 mn in Series B round of funding
Chennai-based FinTech startup, CreditMantri has raised USD 7.6 million in Series B round of funding led by Quona Capital and Newid Capital along with existing investors, Elevar Equity, Accion and IDG Ventures India. Founded by three former Citibank executives, the company offers a proprietary tec…
Indian start-ups should focus on sustainability, stop chasing Unicorn tag
The next company that is being greenlighted to enter the prestigious Unicorn club of startups is Oyo Rooms, a SoftBank-backed budget hotel aggregator. Founded by 21-year-old Ritesh Agarwal in 2015, the company is reportedly in talks with the Japanese SoftBank to raise about US $300-500 million. I…
IECM all set to host DelhiWood 2017 with focus on skill development of SMEs, carpenters & craftsmen
The India Expo Centre and Mart (IECM) in Greater Noida is fast becoming a hub of large-scale industry specific fairs and exhibits in the Delhi-NCR region and touted as the next replacement of capital’s trade fair. After the successful hosting of Indian Gifts and Handicrafts Fair (IGHF) from…
महिलाओं के स्टार्टअप्स के लिए एक अप्रैल से शुरू होगा नया प्रोग्राम
वूमेन एंटरप्रेन्योर्स के स्टार्टअप्स को फंडिंग, मेन्टरिंग और इन्क्यूबेशन सपोर्ट के लिए सरकार एक अप्रैल को प्रोग्राम लॉन्च करेगी। यह जानकारी इन्फॉर्मेशन टैक्नोलॉजी सेक्रेट्री अरुणा सुंदराजन ने दी। तैयारी पूरी उन्होंने बताया कि इसकी तैयारियां फाइनल स्टेज पर हैं। सरकार वूमेन एंटरप्रेन्…
Sales tech start-ups in India are second to US in terms of funding
Funding for sales tech start-ups has been on the rise recently and India is second to the US in terms of funding. Outside the US, countries such as Canada, India and UK witnessed the largest number of sales tech start-ups funded between 2012 and 2016, together representing 14% of all non-US start…
Karnataka committed to creating start-up friendly environment: Priyank Kharge
Minister of State for Information Technology and Bio-Technology Priyank Kharge has reiterated Karnataka government’s commitment to create a conducive business atmosphere for start-ups better than any other State in the country. Addressing an international seminar on Internet of Things at Sharanab…
SMBs & start-ups would be responsible for much larger share of “corporate functions”
The 20th century was the era of the large corporations. It can be argued that the growth of the market economies of the West, and in recent decades the Asian Tigers and China, was closely correlated with, if not driven by, the growth of their business houses. Conglomerates such as General Electri…
To boost Khadi production, KVIC to upgrade all 6 cotton sliver plants
In a bid to increase cotton supply to khadi institutions, Khadi and Village Industries Commission (KVIC) is planning to upgrade its six cotton sliver plants under the Khadi Reform Development Program (KRDP) this year. The plants’ production capacity will be increased by 40 per cent from cur…
‘Rural Innovation & Start-up Conclave’ to strengthen cadre of young innovators from March 23
Hyderabad: The National Institute of Rural Development & Panchayati Raj (NIRDPR) will organise the ‘Rural Innovation and Startup Conclave’ (RISC2017) here from March 23. The focus of the two-day event is to build capacities and promote fresh talent by giving them a platform to dis…