Amazon India is considering an investment in online food delivery startup Swiggy and has held several rounds of discussions with the Bengaluru-based startup over the past three months, according to four people directly aware of the ongoing negotiations. Swiggy has also attracted the attention of …
Funding to be given to states for developing skill sets: Rajiv Pratap Rudy
Funding will be given to states for developing skill sets among the youth. The Union Ministry has already set up a corpus of ₹32,000 crore provided jointly by the World Bank, Pradhan Mantri Kaushal Vikas Yojana and similar other apprentice schemes, Rajiv Pratap Rudy, Minister of State (Independen…
InnoVen Capital extends loans worth $6 million to Capillary Technologies, Simplilearn
Venture debt firm InnoVen Capital India on Sep 6 said it has extended loans worth a total of $6 million to consumer analytics company Capillary Technologies Pvt. Ltd and education technology start-up Simplilearn Solutions Pvt. Ltd. Backed by Singapore’s sovereign wealth fund Temasek Holdings Pvt.…
YAAP Digital acquires Brand Planet Consultants for $3 million
Content marketing start-up YAAP Digital Pvt. Ltd has acquired branding and design company Brand Planet Consultants India Pvt. Ltd in an all-cash deal of $3 million, to expand its marketing technology tools into branding practices such as product packaging and logo designing. The founders of Brand…
Indian smartphone sales to double by 2020: Report
Smartphone sales in India will double to 200 million a year by 2020 but they will be less than half the number sold in China, according to Euromonitor International. The US smartphone market will shrink in the coming years, letting India overtake it in 2018. India will become the world’s second l…
Industrybuying, Capital Float tie-up for credit offering to SMEs in India
India’s leading B2B e-commerce startup Industrybuying has joined hands with Capital Float, the largest digital lending platform in the country, to offer a unique credit solution called ‘Pay Later’ to businesses across India. This cutting-edge loan product enables SMEs to procure industrial produc…
Centre tightens a noose on foreign tours on Govt subsidy
In a move to check the rising cases of misuse of Union government’s International Cooperation Scheme (ICS) by some businessmen, who avail subsidy numerous times during the year for participating in trade fairs and exhibitions in foreign countries against one-time rule under this scheme, the…
E-commerce committee meets to discuss sector-related issues
The e-commerce committee headed by NITI Aayog CEO Amitabh Kant held its first meeting to deliberate on issues related with the sector. In the meeting, the Department of Industrial Policy and Promotion (DIPP) and IT body NASSCOM gave detailed presentations to the members on fast the growing e-comm…
After consumer-centric startups, fund woes hit B2B ventures hard
Consumer-centric start-ups aren’t the only ones struggling to raise fresh funds these days. Business-to-Business (B2B) ventures too are finding it hard to convince investors to back them. Data from Tracxn Technologies show just $433.30 million was invested in B2Bs between January and August this …
Rajasthan partners with Cisco for connected learning solution
Rajasthan’s Education Department has partnered with US-based technology firm Cisco to promote digital learning across the state using virtual digital room solutions. “This initiative aims to enhance the quality of education through digital learning for academia to connect, collaborate…