British banking and financial services major Barclays on June 15 launched Rise, an innovative hub for fintech start-ups, in collaboration with 91 spring board in Mumbai. The new hub located in Lower Parel will provide a co-working location and a physical location for such start ups to use event s…
MSME Ministry approves revised guidelines of IC Scheme
The Ministry of Micro, Small and Medium Enterprises (MSME) has approved the revised guidelines of International Cooperation (IC) Scheme and it would be effective with immediate effect. “…in order to make IC Scheme more effective and beneficiary oriented, the guidelines have further been reviewed …
NASSCOM launches GPS attendance to help SMEs track their staff
A Mobile-based GPS Attendance for SME’s in the Unorganised Sector by a NASSCOM 10,000 Start-up Company A huge pain point for SME’s, particularly the small ones is how to track staff on the move as well as in the office. It is a major problem across the board for the estimated 51 milli…
Indian SMEs readying for INNOPROM 2016
India and Russia have set a challenging goal for bilateral trade to reach $ 30 billion by 2025, while the target for mutual direct investments between them is $15 billion. Compared to these ambitious targets, bilateral trade stood at $ 9.5 billion in 2014 and decreased by around 6 per cent to $ 9…
FICCI report on corporate governance seeks further amendments to the companies act
FICCI released a survey-based report today on the state of Corporate Governance in India. The report titled ‘Corporate Governance in India@2016: Where do we stand?’ takes an objective look at the reforms introduced by the Companies Act, 2013 and SEBI Listing Regulations and their collective impac…
Pepperfry ups ante with furniture at cost of pizza
Online furniture and home décor marketplace Pepperfry, which hit the 3-million shipment milestone last month, is widening its net to lure a new set of customers who choose to rent furniture instead of buying it. After studying the operating model of furniture rental firms such as Furlenco, RentoM…
Zomato among launch partners for apple’s new maps platform
Online restaurant guide and food delivery service Zomato is among the launch partners for Apple’s new maps platform that was unveiled at the company’s annual developers conference on June 13. This new platform, dubbed as Map extensions, will allow third party developers to integrate t…
Zoomcar changes track to marketplace model, aims for profitability by 2017
Self-drive car rental startup Zoomcar, which last year had raised $11million from various investors such as Nokia Growth Partners and Sequoia Capital, has pivoted to a marketplace model as part of a broader strategy to drive efficiencies in its business, as it aims to hit profitability by next ye…
Flea market gives Paytm, Shopclues a high
Online marketplaces ShopClues and Paytm have said consumers in small towns and cities are fuelling their weekly ‘flea market’ sales. Flea market gives Paytm, ShopClues a high; strategy helps them differentiate from larger firms The strategy of a Sunday ‘flea market’— where…
East Asia eyes Indian market to counter China slow down
It took Takahiro Suzuki multiple trips to India over a period of two years to be understand the nuances of the startup ecosystem in India. The head of CyberAgent Ventures (CA Ventures), Jakarta office is among the multiple legacy early-stage funds from east Asia which are testing the Indian marke…