Mobile payments and commerce platform Paytm said it has tied up with financial institutions to facilitate collateral-free working capital loans of up to Rs 1 lakh for small merchants and service providers like kirana store owners and auto drivers. Paytm will pass on the credit profile, which is b…
SIDBI readies money for more startup funds
The Small Industries Development Bank of India (Sidbi) is set to review ten proposals from alternative investment funds seeking a commitment of Rs 675 crore from the Fund of Funds for Startups (FFS) announced by PM Modi in the Startup India Action Plan. Sidbi’s Venture Capital Investment Co…
The travel industry boards the fintech revolution
Fintech. Much more than a buzzword, it is now spurring countless innovations that are disrupting financial services from banking to insurance. Last year alone, over $19b was invested in Fintech startups globally, cumulating in over $40b invested in the last five years. Fintech’s growth seems unst…
Amendments in cyber act on cards with new encryption and privacy policies, says JS, deity
Department of Electronics and Information Technology (DEITY) is contemplating amendments to the existing Indian cyber laws to make them align with prevailing realities of modern times as well bring about new encryption and privacy policies to cater to evolving cyber space, according to its Joint …
Retail consumer-focused online start-ups from India now expanding overseas
The retail consumer-focused online start-up companies from India are now expanding overseas and getting into markets where similar opportunities exist. The online companies from healthcare, financial services and education sectors after establishing their presence in India are now expanding into …
Nasscom opens internet of things start-up in Bangalore
The National Association of Software and Services Companies (Nasscom) has launched a Centre of Excellence — Internet of Things (CoE- IoT) at its start-ups warehouse in Bengaluru. The CoE will focus on leveraging IT strengths and creating a new age industry with the support of IoT-based ideas. Mul…
Cloud services high on Microsoft India priority list
Microsoft, the information technology multinational, is raising its focus on security, high-end computing applications and developer community building services on the cloud. Cloud computing is the term for using a network of remote servers, hosted on the internet, to store, manage and process da…
GoDaddy, the big daddy of 31-million small businesses
GoDaddy, one of the world’s largest web hosting firms, on July 7, said it would make its services available in three Indian languages – Hindi, Marathi and Tamil – to enable over 31 million small businesses (SMBs) build their online presence. The company said its SMB products, website,…
Policy initiative required for Indian app market to grow
Government policy needs to be aligned with the application development market in India so as to enable them to take a leadership position and maximize the revenue of this vertical. Currently, India is the world’s second largest user of applications and 2017-18, the country is expected to have the…
CapAleph Advisors plans to raise Rs 675 crore to back entrepreneurs
CapAleph Advisors, Founded by former India Value Fund (IVFA) partner George Thomas, is planning to raise a $100-million or Rs 675-crore debt fund to back food and agriculture entrepreneurs. The debt fund, which is now much larger as compared to what CapAleph was targeting, is looking to raise cap…