Wipro Chairman Azim Premji’s family office, PremjiInvest, is in advanced talks to pick up a stake in Lenskart Solutions, which owns and operates eyewear-focused venture Lenskart, according to two people familiar with the development. The investment by PremjiInvest is part of the new round o…
Nykaa.com to raise Rs 80 cr, aims to double sales by fy18
Online beauty retailer Nykaa.com is in talks to raise Rs 80 crore by end of 2016 to push growth as it aims to double sales to Rs 720 crore by 2017-18. “We are in advanced talks to raise Rs 80 crore. We are looking at diluting 10 per cent equity and expect to close the funding […]
…
11th National Quality Conclave inaugurated by Suresh Prabhu and Jayant Sinha
Aviation sector witnessed a growth of 18% which was the highest in the world: Jayant Sinha (Minister of State, Civil Aviation) at the 11th National Conclave MoU between Quality Council of India and Food Industry Capacity & Skill Initiative (FICSI) New Delhi, 20 August, 2016: The Quality Cou…
Grofers makes a move towards retail trading
Grofers has filed an application with the department of industrial policy & promotion, seeking “approval to undertake trading, including through e-commerce in food products manufactured or produced in India” Grofers, the on-demand delivery service, has also applied for a retail trading licen…
CM Vijay Rupani kicks off third regional MSME conclave
Gujarat is providing job opportunities to 28.36 lakh people through 3.76 lakh Micro, Medium and Small Enterprises, said Chief Minister Vijay Rupani as he kicked off the 3rd regional MSME conclave for western India in the presence of Union MSME Minister Kalraj Mishra, Minister of State Haribhai Ch…
Metropolitan bourse to help SMEs, startups list
The Metropolitan Stock Exchange of India (MSEI) August 20, 2016 said it will provide a facility to help small and medium enterprises (SMEs) and startups access regulated financial markets. The move is in collaboration with the SME Chamber and would allow SMEs to access asset classes like currency…
Thrust on MSME sector for creating job opportunities: Amit Shah
BJP President Amit Shah, who was in the city on August 19, 2016 for a ground-breaking ceremony of the MSME Development Institute in Ahmedabad, said that post-independence the BJP government took a “holistic view” of industries and framed policies for “Khadi” as well as for big companies in India…
SMEs reluctant to list on bourses, notes SEBI
The Securities and Exchange Board of India (SEBI) has expressed concern over small and medium enterprises’ (SMEs’) growing preference for private equity (PE) investment over listing on a stock exchange platform. The markets regulator has introduced an SME platform to help smaller enterprises rais…
Fintech venture Digio raises Rs 2.5 crore from Zerodha
Bengaluru-based financial technology start-up Digio has raised Rs. 2.5 crore (approximately $400,000) from early-stage fund Rainmatter. Rainmatter is the in-house incubator run by discount broker Zerodha. Nithin Kamath, founder and CEO, Zerodha, will now be on the Board of Digio. Digio, Founded b…
Wipro puts $1.5 million in Israeli cybersecurity startup
Software exporter Wipro has picked up a minority stake in Israeli cybersecurity startup IntSights Cyber Intelligence for $1.5 million, months after the Bengaluru-based firm invested in Israeli venture capital firm TLV Ventures. In a statement to the stock exchanges, Wipro said that it has picked …