Online to offline real estate platform Square Yards has raised $10 million in the form of convertible notes from multiple individual investors primarily based outside India. The company said the $10 million mopped from multiple investors will be utilised for expansion into newer international geo…
Online learning portal Unacademy raises Rs 30 cr in funding
Bengaluru: Unacademy, the online learning platform, has raised $4.5 million (approx. Rs 30 crores) in a Series A funding led by Nexus Venture Partners and existing investor Blume Ventures. Girish Mathrubootham, CEO of Freshdesk and Ananth Narayanan, CEO of Myntra along with Stanford Angels have a…
Boeing launches skill development programme for front-line workers in MSMEs
New Delhi: US aircraft maker Boeing Inc launched a skill development programme in association with the aerospace manufacturing firm Jaivel to train front-line workers in the MSME segment in aerospace industry. The programme was announced in the presence of Defence Minister Manohar Parrikar and Gu…
China announces competition for Indian start-ups
The City Government of Shenzhen, China has brought to India the first ever China (Shenzhen) Innovation and Entrepreneurship International Competition. Touted as the biggest prize in startup competitions of its kind, the largest prize money for innovation and startup ideas will fetch the winner RM…
IoT start-up Roambee bags $4.1 mn funding
US headquartered Internet of Things (IoT) startup Roambee has bagged a second round of funding $4.1 million with participation from Silicon Valley investors and the investing arm of Deutsche Telekom. The three-year-old startup received its series A round of $2.5 million in May 2015 from a group …
Demonetisation: Uncertainty means MSMEs funding scenario hugely negative
As the shock of the demonetisation move wears off, businesses are now bracing themselves for the coming two-quarters that are forecast to see lower demand. Many business models that depended on the flow of hard cash may just have been rendered permanently unviable from a lender’s perspectiv…
नोटबंदी के दबाव में मोदी के लिए पॉजिटिव आंकड़े, इंडस्ट्रियल प्रोडक्शन बढ़ा, महंगाई दर गिरी
नोटबंदी के दबाव के बीच औद्योगिक उत्पादन और महंगाई के ताजा आंकड़े मोदी सरकार के लिए राहत लेकर आए हैं। नवंबर माह में औद्योगिक उत्पादन सूचकांक (Index of Industrial Production) यानी आईआईपी ने 5.7 फीसदी ग्रोथ दर्ज की है जबकि बीते साल नवंबर 2015 में आईआईपी ग्रोथ 3.4 फीसदी थी। वहीं दिसंबर माह में रिटेल …
Tech platform for SMEs to create 80 lakh jobs in UP: Assocham
Underscoring the need for creating a technology platform for growth and development of small and medium enterprises (SMEs) and startups, an Assocham pre-election agenda said that such an exercise can create 80 lakh new jobs in Uttar Pradesh over the next five years. “UP has recorded impress…
MSMEs still reeling from note ban impact: Kalraj Mishra
Ahmedabad: Union Minister for Micro, Small and Medium Enterprises (MSMEs), Kalraj Mishra, made a candid admission that payments to MSME workers after demonetisation remained a major problem for the sector. Mishra, however, said that the situation is “improving slowly”. He was speaking…
This time it’s Modi in place of Gandhi weaving Khadi on KVIC’s calendar
Mumbai: In a bid to promote Khadi across India, Prime Minister Narendra Modi has modelled for the 2017 wall calendar and table diary published by the Khadi Village Industries Commission (KVIC), replacing Mahatma Gandhi. Most employees and officials were pleasantly surprised to see the cover phot…