Rubique, the one-stop online marketplace providing a technology-enabled end-to-end solution to financing needs of individuals & SMEs, endeavors to further ease the concerns of SMEs as well as acquire and retain a valuable set of customers for banks and FIs. With this objective in mind, it has…
SBI to organise ‘SME Sunday’ in Vijayawada to connect entrepreneurs & industrialists
The SBI will organise ‘SME Sunday’, a programme to connect with SME customers and prospective entrepreneurs and industrialists in Vijayawada on July 24. At a press conference here on July , SBI General Manager Rajiv Kohli said that the SBI was pioneer in Small and Medium size enterprises (SMEs). …
Government considering encouraging start ups to make EVMs
The government is considering encouraging start ups to produce electronic voting machines and paper trail equipment using latest technology provided the security aspect is cleared by the Election Commission. “There is a considered view in the government to encourage start ups to produce EVM…
Uber’s bid for peace with Didi has global ramifications: Gadfly
It seems like Uber’s investors want to bring a halt to the massive Chinese cash giveaway that’s creating jobs for unemployed steel and coal workers, but not making much money for shareholders. Several institutional fund managers are pushing the US ride-hailing giant to make peace with…
UrDoorstep raises bridge round of Rs 3 crore from CP Murali
Jupiter Capital-backed online hypermarket UrDoorstep.com has raised a bridge round of Rs 3 crore from CP Murali, former President and Chief Operating Officer of telecom software-maker Aricent Technologies. The company incorporated in October, 2015, plans to cover 92 pincodes for Bengaluru city ov…
Treebo Hotels raises Rs 112 crore in new funding round
Treebo Hotels, a technology-enabled budget hotel chain, has raised Rs 112 crore in a new funding round led by Bertelsmann India Investments (BII) with participation of existing investors, SAIF Partners and Matrix Partners India. Treebo, which competes with budget hotel room aggregator OYO Rooms, …
Small biz stress dulls; good show by HDFC Bank, Kotak
Two leading private banks – HDFC Bank and Kotak Mahindra – kicked off the earnings season with decent profits, but with a marginal increase in bad loans too. The results of these banks, which are considered among the best lenders in terms of asset quality, are seen as a pointer to ris…
Gurgaon-based Skrilo secures seed funding of $1.5 million
Gurgaon-based Skrilo, a mobile marketing and rewards platform, has raised $1.5 million (about Rs 10 Crore) from angel investors including Livspace CEO Anuj Srivastava and Arvind Tiku, Chairman of AT Capital Group. The company will use the money for marketing its rewards program, developing new pr…
IPOs on SME bourse too on a hot streak
The spectacular revival in the primary markets in the last few months is not limited to large IPOs such as Quess Corp or Mahanagar Gas. Public share sales of smaller companies on the dedicated SME boards of stock exchanges, too, have been on a hot streak. All 13 companies that have listed on the …
Govt asks top 50 companies to fund incubators as CSR spend
The government has asked the country’s top 50 companies to fund incubators as part of their corporate social responsibility (CSR) spend, a move meant to strengthen the startup ecosystem. Large companies have to allocate 2% of their profits towards CSR but have competing demands -from buildi…