B2B e-distribution startup CareOnGo has raised an undisclosed amount in pre-series A funding round led by Farooq Oomerbhoy of FAO Ventures. A consortium of investors including Anupam Mittal and Anand Mittal of People Group, Head of Flipkart’s ads Business Ravi Garikipati, Co-Founder of Unic…
To boost start-ups, CSIR plans incubation centres in 30 labs
To promote Start ups and commercially exploit technologies developed in its laboratories, India’s premier science institution CSIR has decided to start incubation centres in over 30 different labs across the country. The decision on this was taken at a meeting of the Directors of Council fo…
Set up panels to identify credit-worthy MSMEs | Bank of Maharashtra
As stressed assets mount and banks increasingly face questions about lending to sick units, credit challenges facing the MSME sector could mount. As it is, the sector accounts for 45 per cent of Non-Performing Assets (NPAs). At an Assocham event on ‘Financial Clinics for MSMEs’ here recently, Kal…
Rubber MSMEs voice concern on supply crunch, volatility in price
Rubber products manufacturing units in the Micro Small and Medium Enterprises (MSME) sector have expressed concern at sharp volatility in NR prices and its acute deficit in the domestic market. Quoting Rubber Board data , All India Rubber Industries Association (AIRIA) has stated that domestic na…
Housing.com Co-Founders to launch human resource management startup
Abhishek Anand, Sanat Ghosh and Ravish Naresh, all Co-Founders of Housing.com, are set to launch a product startup in the human resource management sector, a week after resigning from the Mumbai-based real estate portal. “We want to leverage technology to bring the process of ‘recruit…
MSMEs seek access to patented tech through licensing of SEP on FRAND terms
The Federation of Indian Micro and Small & Medium Enterprises (FISME), has told the Department of Industrial Promotion and Production (DIPP) that to realize Make in India, the setting-up of uniform standards, sustainability and access to patented technology are vital for technological advanc…
Venture fund for product start-ups launched in Bengaluru
Ideaspring Capital, an early- stage venture fund by entrepreneurs for entrepreneurs, announced its official launch in Bengaluru on April 25. The Rs. 125-crore fund will focus on early-stage product innovation start-ups in the country in key areas, including machine learning & deep learning, c…
Askme Grocery expands hyper-local business
AskMe Group, a consumer focused internet firm focusing on hyper local businesses, is doubling the reach of its grocery delivery arm to more than 80 cities and aims at a five-fold growth in deliveries this financial year. Askme Grocery, which claims to be the largest online grocery player with pr…
Government seeks industry’s views to improve ease of doing business
The government is seeking feedback from industry on the hurdles they face when dealing with regulatory bodies, a move aimed at making it easier to do business in the country. “We are working towards improving our rankings on the World Bank’s ease of doing business index, and also taki…
Digital India fillip for IT MSMEs
Micro, Small and Medium Enterprises (MSMEs) offering Information Technology (IT) and IT enabled services (ITeS) stand to gain significantly from Digital India, the government’s flagship programme for transforming the country into a digitally empowered society and knowledge economy. An analysis of…