Bhubaneswar: The International MSME Day was celebrated today jointly by Khadi & Village Industries Commission, Govt. of India and Department of MSME, Govt. of Odisha. Minister MSME, WCD & Mission Shakti, SSEPD Prafulla Samal inaugurated the said function. L.N. Gupta, Additional Chief Secr…
Fintech start-up Rubique raises $3 M bridge funding from Kalaari, Others
Mumbai-based fintech startup Rubique has raised $3 Mn in a bridge round of funding. The round was raised a few months ago but the company chose not to disclose it. Reportedly, it was a part of its $10 Mn-$15 Mn Series B round, the company announced mid 2016. The investment was led by existing inv…
Google India steps up programmes for small & medium business firms
Google India is set to expand its programmes that aimed at improving the digital penetration levels of small and medium businesses (SMB) through a range of separate initiatives. According to Google, which released a joint study with KPMG, rising penetration and greater uptake for digital solution…
FORMCEPT raises Series A funding from GVFL Ltd
FORMCEPT Technologies and Solutions Pvt. Ltd., an incubatee of Centre for Innovation Incubation and Entrepreneurship (CIIE) – IIM Ahmedabad, on June 27 said it has raised an undisclosed amount of Series A funding from GVFL Ltd. Co-founded by Suresh Srinivasan and Anuj Kumar, FORMCEPT is a d…
‘Leveraging Facebook can be one of the best bets for SME in Digital Environment’
Digital ecosystem today is in an exponential stage. Many small businesses are welcoming this change by leveraging the growth opportunities in this digitally driven world. A major component of this digitally driven world is the social media, especially Facebook. We all know how the recent travel o…
Naidu launches AP MSME Development Corporation with Rs 100 cr corpus
In a bid to encourage the micro, small and medium enterprises (MSME) sector, Chief Minister N Chandrababu Naidu on June 28 launched the logo of the Andhra Pradesh MSME Development Corporation. The corporation, with a corpus of Rs 100 crore, would help the MSME entrepreneurs in marketing, branding…
GST rollout: SMEs in a fix as major companies stop accepting products amid uncertainty
Ahead of the Goods and Services Tax (GST) rollout, small and medium scale enterprises (SMEs) in Pune find themselves in a tricky situation. Automobile manufacturers, the major customers of these companies, have stopped taking finished products from them amid the uncertainty over the GST slabs and…
Don’t wait for last day to file returns, cautions GSTN Chairman
New Delhi: Despite the GST Council giving a one-month extension in filing returns under the new indirect tax regime, businesses should start uploading invoices much earlier, says Goods and Services Tax Network (GSTN) Chairman Navin Kumar. He cautioned against delays on the portal near the deadlin…
World Bank clears $250 m loan for Skill India mission
The World Bank has cleared a $250 million loan for making Indian youth more employable through reskilling, in a move that is seen to aid the Skill India mission. The multi-lateral lender is keen to support the Indian government in its efforts to better equip the young workforce with employable sk…
Fintech start-up Stashfin raises $5 m funding from snow leopard ventures, others
Delhi-based fintech start-up Stashfin has raised $5 Mn Pre-Series A funding from Snow Leopard Ventures and Singapore-based Alto Partners. Snow Leopard Ventures is the VC arm of the Kirloskar Group. Managing Partners at executive search firm Positive Moves, Vibhav Dhawan and Praveen Malhotra; Aven…