Temasek-backed InnoVen Capital has struck deals worth Rs 87 crore, having signed venture debt transactions with a number of leading Indian startups, including test preparation firm Byju’s and on-demand logistics provider Shadowfax. The speciality finance firm, which is also backed by Singap…
13-Year-old Akshat Mittal creator of odd-even.com sells his company
Thirteen-year old Akshat Mittal creator of Oddeven.com, which matches individuals to potential ride-share or carpool in the direction of their commute, has sold his company to carpool app Orahi.com for an undisclosed amount. The site was developed and launched in December 2015 by the standard 9 s…
IndiaMART Celebrates 20 years of its mission of empowering SMEs
Marking the completion of 20 years of its mission of empowering millions of SMEs and MSMEs in doing business, IndiaMART, the largest online marketplace connecting buyers and sellers observed April first as Maker’s Day. To mark it as an official MSME day, IndiaMART’s brand ambassador, …
Arvind Panagariya expects light manufacturing sector to move out of China to India
Vice-chairman of the National Institution for Transforming India (NITI) Aayog Arvind Panagariya expressed hope that the so-called light manufacturing sector will relocate to India from China. “There is considerable scope for large firms in the light manufacturing sector to move out of China due t…
Small businesses are driving India’s mobile banking growth story
Mobile banking in India seems to have finally turned a corner. The value of transactions made from mobile phones in the country was the highest in December 2015, compared to a year ago. And corporate accounts—especially Small and Medium Enterprises (SMEs)—are bigger growth drivers than individual…
Quality Council of India to cover 1.25 million MSMEs with their ZED model in next five years
Hailed as Asia’s largest Defence exhibition, the recently concluded Defexpo 2016 saw participation from 1055 registered companies from 47 nations. Union Defence Minister Manohar Parrikar focused on the amended DPP aimed at empowering India’s target of ‘Make in India’ polic…
Catapooolt and Askme Group Enter into a strategic alliance to promote innovation in India
A first-of-its-kind initiative to crowdfund disruptive ideas in E-Commerce AskmePay to enable innovators to e-sell and market their products and collect payments In line with its commitment to support innovative business ideas, AskmePay, the integrated merchant solution by the AskMe Group, today …
Indonesia Animal health market is expected to reach USD 327 million in 2019 | Ken Research
The animal health industry in Indonesia is highly regulated. This concern stems not only from the public health, food safety and food security aspects but also from huge economic costs that those animal disease outbreaks. The Indonesian government has taken keen interest in the growth and develop…
Red Hat mulls more investments in startups to push growth
IT firm Red Hat is actively looking at investing in start-ups working on innovation, infrastructure and open source technologies to further accelerate its growth in the country. Red Hat, which has invested in start-ups in India and Israel, is also expanding its workforce in the country to cash in…
B2C e-commerce players to focus on reducing ‘cash burn rate’
For consumer internet companies used to spending their way to market leadership or otherwise, conserving cash has now become a priority to extend their runways. In the new regime, startups are shunning previously popular buzz-phrases such as ‘growth over profit’ and ‘winner take…