VST Travels, a startup at Kerala State Industrial Development Corporation (KSIDC) startup zone at Angamaly, has received Rs 1.8 crore in funding from Dubai-based Promatus Group. The funding will help the company to develop and market its application — VehicleST, through which the user can b…
BSE to see 200 listings on SME platform by FY17
The BSE SME exchange is expecting 200 listings on its platform by the fiscal-end and 150 by the end of this month itself. The stock exchange is looking to raise Rs 500 crore via forthcoming listings of more than 50 SMEs on its platform by the fiscal-end. “As of now, 146 SMEs have already go…
Luxury Quotient India acquires fashion portal Elitify
Luxury Quotient India, a 100 per cent owned subsidiary of Luxury Quotient International, based in Toronto, Canada has acquired fashion portal Elitify.com. Elitify was launched in 2012 by Amit Rawal and Anahat Rawal. “We are very pleased to welcome Elitify.com’s team under the continue…
South Africa’s Naspers set to buy Citrus Pay for $180m
South African media and internet conglomerate Naspers is set to acquire Citrus Pay for around $150-180 million, in an all-cash transaction, making it one of the largest deals in the Indian payments market, sources close to the development told. With the combined entity, Naspers, which runs PayU a…
After Pune, Nashik is emerging as latest hub for tech startups in India
The Pandavleni Caves on the outskirts of Maharashtra’s Nashik offers a great view of the city. At a height of 300 ft above the rest of Nashik, this 2,000-year-old Buddhist monastery provides a bird’s-eye view of the urban sprawl growing around this ancient city of Hindu mythology. Rou…
Startups welcome GST but wary of fine print
While there is a general buzz of approval over the passing of the GST Bill by the Upper House of the Indian Parliament, there are some murmurs of disquiet as well. The startup community has unanimously welcomed the decision of the legislators but there are certain provisions which have given caus…
InTandem advisors focusing on helping fintech firms, startups
Mumbai-based InTandem Advisors, an advisory firm launched by former Western Union Managing Director Anil Kapur, is focusing on enabling fintech players and other startups in the financial services space with business strategy, sales and distribution solutions. The startup, which launched its serv…
UpGrad ties up with PVR, Lenskart, Shopclues for scholarships in entrepreneurship
UpGrad, an online education platform for working professionals, has tied up with PVR, Lenskart and ShopClues to offer free scholarships for its entrepreneurship programme. Under this partnership, PVR, Lenskart and ShopClues will sponsor 50 candidates each. The applications are both online and in …
Infosys invests in second cloud computing start-up in Israel
Infosys Ltd has invested $4 million to pick up a minority stake in Cloudyn Ltd, an Israeli company that makes software for monitoring and optimizing cloud computing, marking the Bengaluru-headquartered firm’s second investment in an Israel-based cloud-computing start-up from the company’s $500 mi…
A myth that GST will negatively impact SMEs
With the passage of the uniform Goods and Services Tax in the Rajya Sabha, the Small and Medium Enterprises (SME) in the country are caught in a state of flux. The general perception is that GST may negatively impact SMEs as aspects like excise exemption will disappear when GST rolls out. Rajeev …