Traditional hand weavers and textile printers, engaged in churning out a wealth of fabrics ranging from khadi to chanderi to kalamkari among others that take the shape of saris, dupattas and other garments, are now mulling marketing themselves as standalone brands. At Kairi 2016, 3-day exhibition…
Central Govt to review ceiling limit for MSMEs
The proposal to revise ceiling limits for Micro, Small and Medium Enterprises (MSMEs) is already before the Standing Committee of the Lok Sabha, said Giriraj Singh, Minister of State for Micro, Small and Medium Enterprises. He was speaking at an interaction meet held on March 11. Singh was respon…
Govt relaxes norms under public procurement for startup MSMEs
Government relaxed procurement norms related to experience and turnover for micro, small and medium startups with a view to enabling these ventures to be part of its public procurement. From April 2015, all PSUs, central government ministries and departments have been directed to procure at least…
Omaxe’s CEO Mohit Goel forays into e-commerce with supplified.com
Realty firm Omaxe’s promoter and CEO Mohit Goel has started an e-commerce portal, Supplified.com, in his personal capacity to market construction materials and will invest USD 1 million as seed funding. Supplified.com, founded by Goel along with SPR Buildtech Director Nalin Saluja, started …
IIIT-Delhi receives Rs 1.5 crore seed funding from Delhi Govt
The Indraprastha Institute of Information Technology, Delhi (IIIT-D) has received funding of Rs 1.5 Crore from the Delhi government as per its incubation policy to promote entrepreneurship in the Capital. “The fund will be used to assist students aspire to become entrepreneurs. We positivel…
HDFC Bank gets startups onboard to increase customer convenience
Very soon you might be able to make payments digitally at a retail outlet without any internet connection on your phone, get personalised banking options when you withdraw cash from an ATM, or even do phone banking over a chat session with a robot. India’s second largest private sector lend…
Icertis raises Rs 100 crore in series-b funding
ERP solutions firm Icertis has raised Rs 100 cr in Series B Funding led by Ignition Partners. Existing investors Greycroft Partners and Fidelity Growth Partners India also participated in this round. Following this, John Connors, managing partner at Ingition Partners will join the Icertis board o…
Online startup UpGrad ties up with LetsVenture to offer angel investing course
UpGrad, an online education startup co-founded by entrepreneur and private investor Ronnie Screwvala, has tied up with the online deal making platform LetsVenture to introduce an angel investing course. “In the discussions with LetsVenture, we realised that there are a large space of indivi…
VizExperts offers tech solution to defence
Gurgaon-based VizExperts’s startup story is that of a pivot from a software services company operating in the area of 3D graphics to that into a product company when it launched its revolutionary Digital Sand Model in 2011 after investing a couple of years into research and development. The…
Roadrunnr and Tinyowl in early stage of talks to merge in all-stock deal
Logistics player Roadrunnr and online food ordering platform Tinyowl are in early stages talks to merge in an all-stock deal, according to four people aware of the developments. The two startups–both backed by venture funds Sequoia Capital and Nexus Venture Partners–aim to create an i…