With most e-retailers unable to scale up quickly enough to turn profitable, investors are holding back on investments, reports Anushree Bhattacharya in New Delhi. Data released by Tracxn Technologies shows fund flows have slowed sharply with just $3.7 billion coming in between January and Novembe…
Demonetisation Effect | 400,000 jobs to suffer; e-Commerce to be worst hit
With demonetisation set to reduce India’s economic growth by 1% over the next one year, the job market is likely to see over 400,000 job cuts. You should worry if you work in the e-commerce sector, since firms could handover around 200,000 pink slips in the next one year. “Cash on delivery being …
New Report by The George Institute Urges the mHealth Community to go Beyond the “Quickfixes”
Scaling up pilot projects in the area of technology-enabled health care delivery requires a concerted effort that involves going beyond the quick-fixes and working towards a sustainable health solution that can help tackle the rising burden of communicable and non-communicable diseases in the cou…
Indian start-ups call for a level playing field against global peers: Flipkart co-founder
Bengaluru: India needs to create a level-playing field for start-ups to compete effectively against global companies with significantly larger capital, said Sachin Bansal, Co-Founder Flipkart Ltd, and Bhavish Aggarwal, Co-Founder Ola (run by ANI Technologies Pvt. Ltd). “There’s a fair way to comp…
Demonetisation Effect | Big gain for mobile wallets, e-Commerce suffers
Bengaluru/New Delhi: The withdrawal of high-value notes from circulation has had a mixed impact on the country’s online businesses. Sales at e-commerce companies, which are heavily dependent on cash payments, have suffered badly while digital payment start-ups have seen a sharp rise in daily tran…
Godaddy launches wordpress powered websites to help small businesses build professional websites with ease
Build powerful, scalable WordPress Websites starting at INR 99/month Includes startup wizard, 45,000+ feature plugins, responsive themes and in-built SEO GoDaddy WordPress bundle includes a free domain, website and professional email GoDaddy, the world’s largest cloud platform dedicated to small,…
Self-drive car rental Revv raises $9 mn via equity
New Delhi: Self-drive car rental service Revv on December 7th said it has raised a total of $9 million in equity from Edelweiss Private Equity and debt from Mahindra & Mahindra Financial Services Ltd and car leasing platform LeasePlan India Pvt. Ltd. It will use the funds to expand to new cit…
Wipro & Microsoft Accelerator to help start-ups with more go-to-market opportunities
Information technology major Wipro has said it will work with select start-ups in India that are associated with Microsoft Accelerator to help them scale their business and take them to customers globally. Wipro will also look at start-ups to identify innovative solutions and products they can bu…
ESAF to raise Rs 300 cr for small finance bank
Thrissur-based ESAF Microfinance is planning to raise around Rs 300 crore to support its Small Finance Bank operation, for which it has got a licence. The new SFB is expected to start operating by mid-February 2017. ESAF says the aim is to make profit in the first year itself; it will be listed o…
Start-up funding eases, but crunch is not over
Winter is here but the freeze in funding could be easing for start-ups. “Deal activity has picked up in the past few months. We are seeing consolidation in many sectors. The crunch has eased a bit,” says Anand Lunia, Founding Partner at venture capital firm India Quotient. In the past few months,…