Goldman Sachs, the investment bank, is scouting for financial technology start-ups and is looking at Bengaluru for new picks. The Principal Strategic Investment Group of the bank has a global portfolio of 75 firms, including a dozen investments in the Asia-Pacific. Two are in India — National Sto…
Start-ups eye car servicing, spare parts retailing business
To tap the growing market of out-of-warranty/second-hand cars, start-ups are getting active in the car servicing and spare parts retailing space. These new players are also tying up with manufacturers to sell original spare parts. These start-ups use technology to form a marketplace that will con…
Government classifies online sales to foreign buyers as exports
The government on April 12 said all sales by Indian sellers to foreign buyers through digital platforms would be classified as export. All domestic sellers who supply goods and services to foreign buyers would be classified as exporters. It will allow them to claim benefits under the Merchandise …
10 SME stocks rally up to 67% in a month; best BSE IPO stock gains 26%
The BSE SME IPO index may have convincingly under performed the BSE IPO index over the past one month, but as many as 10 SME stocks have rallied up to 67 per cent during this period, overshadowing up to 26 per cent rise in the shares of their larger peers. While data for all the […]
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Accenture launches Intelligent Automation Platform to improve business outcomes
Accenture announced the global rollout of an intelligent automation platform, Accenture myWizard, that enables smarter, more innovative and more efficient application services consisting of systems integration and application development and management. The platform combines Accenture’s industry …
Tech startups snap at the heels of Asian private bankers
Scanning a bank statement into a computer may not sound particularly high-tech, but it’s unsettling some of Asia’s private bankers. By aggregating all the monthly statements mailed to high net worth individuals on the multiple accounts they hold at different institutions, Singapore st…
DSG Consumer Partners makes first close of fund II at $35 million
Deepak Shahdadpuri-led investment firm DSG Consumer Partners (DSGCP) has made the first close of its second fund at $35 million. The consumer-focused investment firm was an early investor in online hotel aggregator OYO Rooms, mobile point-of-sale payment services provider MSwipe Technologies and …
With new services, Uber and Ola target value-conscious consumers
Uber and Ola are opening a new front in their ongoing battle for leadership in India’s cab aggregation business with specific services that target the value-conscious consumer. Uber aims to invest further in low cost riding options like carpooling, bike taxis and auto rickshaw services to s…
AskmeBazaar to launch marketplaces to deliver food and medicines
Online marketplace AskmeBazaar is launching AskmeFresh, a fresh food delivery marketplace and Askme-Meds, an online health marketplace, to take on established online players in the grocery and pharmacy space. Through these initiatives, which will go live in the next three months across 38 cities,…
Anil Kapoor backs video social network INDI.COM
Actor Anil Kapoor has invested an undisclosed amount in Indi.com, a global video social network that’s set to launch in India. Indi.com allows individuals and companies to create and monetise content by sharing videos while integrating multiple social networks. Artists, retailers, NGOs, cel…