Venture capital firms have been active in India since 2006. Yet, even after pouring more than $19 billion into Indian start-ups over more than a decade, most venture capitalists (VCs) have struggled to get attractive returns on their investments. Now, VCs will have to increase their focus on comi…
BookMyShow to expand in Tier-II, Tier-III cities
Online ticket booking service provider BookMyShow is looking at expanding its reach to Tier-II and Tier-III cities in south India, as part of its efforts to increase its offers to more theatres. The company is also in talks with multiplex majors to bring in exclusive food and beverages (F&B) …
Will Reliance Jio revolutionise the start-up & SME sector in India?
One has to only log on to Twitter or drive past a Reliance store to get a sense of the excitement generated by the Reliance Jio launch. At one point, it seemed to be the only thing Indians were talking about. The promise of fast, affordable Internet access really seems to have struck a chord with…
GE Healthcare to fund up to USD 50 mn for global health start-ups
GE Healthcare, the USD 18-billion healthcare technology unit of GE, has announced USD 50-million funding aimed at improving services of healthcare startups in developing countries. GE Healthcare has set up an accelerator — five.eight — that will work with global health startups workin…
SME body demands separate Ministry in states for sector
Vadodara: An industry body of Micro and Small enterprises has sought for a separate ministry in states to address issues related to sector. The annual general meeting of the Laghu Udhyog Bharti (LUB) will be held on September 25 wherein issues related to the national MSME policy, GST and FDI will…
Tata Tele sees more business opportunities in SME segment
Tata Teleservices sees bright opportunities in SME enterprise solutions (ICT offerings), with the potential to nearly double its growth trajectory to 25-30 per cent in the coming years. The optimism for such high growth curve stems from the huge headroom available for growth in the Small and Medi…
Indus Net Tech to set up start-up incubation labs
Digital solutions provider Indus Net Technologies would open an incubation lab in its premises at Salt Lake electronics complex here for nurturing and mentoring startups, one of its top official has said. “We are launching the Indus Net Labs with the aim to mentor and guide start-ups having…
GST council sets exemption threshold for tax at Rs. 20 lakh
Giving relief to small businesses, the Goods & Services Tax (GST) Council has decided that threshold for exemption for businesses would be an annual turnover of Rs. 20 lakh, while the businesses in the Northeastern and hill states with annual turnover below Rs. 10 lakh would be out of the GST…
B2B e-Commerce platforms reduce inventory costs by 40% for SMEs
B2B e-commerce platforms inventory management services is gaining popularity among small and medium enterprises (SMEs). This has resulted in reducing inventory costs by 40 per cent for SMEs. SMEs who would earlier procure raw material from various sources and stock it for one month to three month…
Enhance credit absorption capacity of weaker sections, RBI tells financial intermediaries
The Reserve Bank of India wants financial intermediaries such as banks and non-banking finance companies to focus on a ‘3x3x3’ matrix so that small and marginal farmers, micro and small enterprises (MSEs), and low-income earners in the unorganised sector are financially included. Speaking at a BR…