Sheroes.in, a jobs and career platform for women has raised Rs 12 crore in a Series-A funding led by Lumis Partners as part of a larger commitment. The fund raising also saw participation from The HR Fund, angel investor Rajul Garg and existing investor Quintillion Media led by Raghav Bahl. Dexte…
Flipkart CEO Binny Bansal leads $1 million seed funding round in YumLane
Flipkart Chief Executive Binny Bansal has led a $1-million (about Rs 6.6 crore) seed funding round in Mumbai-based fast moving consumer goods startup QwikPik Technology, which owns and operates the YumLane brand of food products. Other investors that have also participated in the round, a first f…
Govt launches performance, credit rating scheme for MSMEs
A performance and credit rating scheme has been launched by the MSME Ministry to assess the capabilities and creditworthiness of the industries in the sector, Lok Sabha has been informed. “The Ministry of MSME through National Small Industry Corporation Limited is implementing Performance a…
Lack of finance & delayed payments hampering MSEs, says CRISIL study
Micro and small enterprises (MSEs) are typically promoter-driven, be it operations or financing. A CRISIL study of 6,000 MSEs shows that promoters contribute 50-60 per cent of the net working capital requirement – or twice what they are supposed to contribute – because of restricted a…
Relief for MSME pump makers as Andhra Pradesh HC stays tender
In a major relief for pumpset makers in the MSME (Micro, Small and Medium Enterprises) segment, the Andhra Pradesh High Court has stayed the tender by ‘Energy Efficiency Services’ (EESL) of the Union Power Ministry for buying 1.5 lakh submersible pumpsets in the state. EESL recently f…
SBI and Oracle India collaborate on Digital Skills Programme
In a first-of-its-kind joint corporate citizenship collaboration, two of India largest organizations, State Bank of India (SBI) and Oracle India have launched the D-Change; programme. The initiative supports Prime Minister Narendra Modi Skill India and Digital India plan and furthers Oracle commi…
Xerox unveils affordable device for SMBs
Xerox has launched an affordable colour multifunction device for Small and Medium size Businesses (SMBs). The DocuCentre SC2020 equipped with Xerox colour printing technologies is an A3 multifunction device designed to expedite print jobs. It has easy to understand touch screen and mobile access …
EarlySalary.com to raise $6mn, eyes expansion to smaller cities
EarlySalary.com, a fintech startup that offers personal loans, will raise $5-6 million in the coming months as it looks to expand its presence across cities like Hyderabad, Visakhapatnam and Jaipur. The Pune-based firm offers loans ranging from Rs 10,000 to Rs one lakh for a tenure of 7 to 30 day…
BollyWoo to make a foray into movie tourism
BollyWoo, a recently established e-commerce start-up that sells wardrobe replicas of what actors and actresses wear in Bollywood films, is foraying into tourism of a new kind. It says it plans to offer tours to the destinations featured in movies. Launched this April, it has already tied up with …
Bengaluru-based startup Blackbuck looks to disrupt B2B logistics market
With disruptive technology, BlackBuck is trying to redefine the business-to-business logistics landscape in India. This Bengaluru-based startup has created an online marketplace for inter-city freight services and has already made a mark. The startup, which is little over a year now, has attracte…