Home Craft Online, which owns home decor e-marketplace BedBathMore, has raised an undisclosed amount from investors including Swedish bank AB Kinnevik Group, Germany’s Rocket Internet and some backers of FabFurnish, the online furniture brand recently acquired by Future Group. Earlier this …
Varanasi weavers to be taught skills to sell products online
Coming June, weavers in Prime Minister Narendra Modi’s constituency Varanasi will be taught skills like photography, marketing, packaging and inventory control so that they can sell products directly through e-commerce , as part of a pilot programme. “We are going to do a pilot projec…
Chinese investors looking for Indian startups
Chinese investors and technology entrepreneurs are looking to invest in start-ups specialising in areas such as mobile gaming, education, healthcare, financial technology and Internet of Things (IoT) in India. This month, a delegation of investors from nine Chinese venture capital firms visited B…
IndoStar Capital Finance to focus on SME lending, eyes Rs 1,200-crore loan book
With a CAGR of 49 per cent in assets growth, NBFC IndoStar Capital Finance is looking to ramp up SME lending this year and grow its loan book five-times to Rs 1,200 crore. “We plan to ramp up our SME business this year and build an AUM of Rs 1,200 crore by geographical expansion. We [&helli…
MSME at a Glance 2016
MSME at a Glance Courtesy : MSME Ministry
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Wow Express raises Rs 15 crore in a pre-series round
E-commerce Logistics Start-up Wow Express, has raised Rs 15 crore in a pre-series A round of funding led by US-based investors. Existing investor Tamarind Family Private Trust also participated in this round. Co-founded by Jayesh Kamat, Mazhar Faruqi and Sandeep Padoshi, Wow Express started opera…
HDFC Bank begins SmartUp for start-ups in Kolkata
HDFC Bank Ltd on May 13 launched SmartUp, a first-of-its-kind dedicated solution for start-ups in Kolkata. SmartUp is HDFC Bank’s tailored solution to meet all the banking requirements of start-ups, and offers banking and payment solutions, along with advisory and forex services. Launched in asso…
C-Zentrix to endorse prestigious #ITForParivaran for MSME’s digital revolution
C-Zentrix, global leader in software products for contact center and enterprise level applications for voice and data announces its participation at the #ITForParivaran – Stakeholders Summit 2016 convened by AIM-IT. In view of the largely digital, Ministry of Shipping, Road Transport and Highways…
e-Commerce, tech start-ups seen creating 23% more jobs by Sept | Report
The e-commerce and tech start-ups domain will see 23.6 per cent growth in jobs between April and September this year, according to the Teamlease Employment Outlook Report. This is followed by the retail sector, which is set to generate 14.4 per cent more jobs over six months. The e-commerce secto…
NASSCOM says IPR policy welcome step for IT industry & startups
The software industry body National Association of Software and Services Companies (Nasscom) welcomed the National intellectual property rights policy, which was approved by the Cabinet on May 13. Nasscom said it “applauds it (policy) for encompassing the entire value chain spanning across …