India’s start-up ecosystem may have seen a fall in funding this year, but there’s been almost no let-up in the number of deals, highlighting that investor appetite is still strong. Start-ups have attracted roughly $4 billion in funds so far this year, down from a heady $7.55 billion in 2015, whic…
MSMEs want their own income disclosure scheme
Cash-starved Micro Small and Medium Enterprises (MSMEs) have sought a one- time “disclosure” scheme, which will allow them to declare their actual annual turnovers, with the promise that they will not be harassed for audit records of previous years. MSMEs sometimes under report their turnovers to…
Demonetisation Effect | India’s knitwear capital in tatters
The hum of hundreds of sewing machines at work nearly drowns the quiet laughter of the group of women, sorting through the striped orange-and-white jumpers piled high on their table. More garments in the same pattern are being knitted on the machines beyond, and the air is thick with cotton dust …
Demonetisation: Yes Bank, Grofers tie up to deliver cash at doorstep
Extending facility to deliver cash at doorstep, Yes Bank has now tied-up with e-grocer Grofers allowing customers to get cash of up to Rs 2,000 when they order grocery online. “Grofers, the on-demand e-commerce mobile and web application, is opening up a new avenue for people to get cash …
Founded in US, start-up 75F targets Rs 100 cr revenue in India
A startup founded by Indian duo Deepinder Singh and Pankaj Chawla in the US is now tapping the Indian market to offer solutions that harness the power of Internet of Things (IoT) and cloud computing to predict a building’s energy needs. Started in 2012, 75F uses IoT to control Heating Ventilation…
Kluber Lubrication brings new tribological solution for textile industry
Kluber Lubrication, manufacturer of speciality lubricants, brings in high-end tribological solutions by supplying tailor made speciality lubricants and services for textile industry. Christian Forster, Market Manager Textile Industry at Klüber Lubrication said that Klüber Lubrication is more than…
Wockhardt’s Huzaifa Khorakiwala to raise Rs 125 cr for healthcare start-up fund
Executive Director of Wockhardt Ltd Huzaifa Khorakiwala has launched a healthcare angel fund that is targeting to raise Rs 125 crore to be invested in start-ups. Health Passion Fund is targeting to raise Rs 125 crore corpus and will look at an investment up to Rs 5 crore in each start-up, a state…
Demonetisation has already affected the SMEs : Carnegie India
Carnegie India is a public policy think tank organization which was launched in April 2016. It is the sixth international center of the Carnegie Endowment for International Peace, Washington DC. The center’s research and programmatic focus includes the political & economic reforms in India, p…
Pune start-up Serv’d gets $1 lakh grant from Bill & Melinda Gates Foundation
Pune-based startup Serv’d, which aims to bring about financial inclusion in the unorganised sector has been given a $100,000-grant from Digital Financial Service (DFS) Lab, a fintech accelerator funded by the Bill and Melinda Gates Foundation. DFS Lab identifies startups that have the poten…
Japanese start-up can forecast India’s GDP by using satellite images of night lights
Tokyo: Nowcast Inc., a Japanese financial research and technology start-up, has developed a product that estimates economic growth in real time by using satellite images of night-time lights. Based on algorithms that examine changes in the intensity of illumination, as well as a range of publishe…