Tech Mahindra expects to spin-off three of its internal startups in the next 18 months, a move that will shine a much-needed light on the value IT companies derive from investments in employee ideas. For over the last five years, TechM has been building companies internally. Now, three of them ar…
Paytm expects to double its offline merchants to four million
Mobile payments and commerce platform Paytm plans to double its offline merchant and ‘kirana’ store network to reach four million merchants this year, as it looks to create more use cases for its wallet and payment bank business. “This year, we will be present offline in every n…
LoveCycles start-up gets funding, unveils app in hindi for women
LoveCycles, a start-up which enables women to keep a track of their menstrual and physiological health via a mobile app, has raised Rs.5 crore from seed-stage venture capital firm Prime Venture Partners. The funding round also marks the official unveiling of the app in India. The firm will use th…
Start-up world is finally seeing more women at the top
Amidst the euphoria over Start-up India, one fact stands out: only 9 per cent of the country’s 4,200-odd new-age start-ups are led by women. But the good news is that more women are jumping onto the bandwagon. According to Nasscom, there was a 50 per cent increase in women joining the start-up ec…
Indian MSME finance market expected to touch INR 46 trillion by FY 2020 | Ken Research
Ken Research announced its latest publication on “India MSME Finance Market Outlook to 2020 – Driven by Government’s Financial Inclusion Agenda and Newfound Profitability in Segment” which provides a comprehensive analysis of the MSME Finance Market in India. The future analysis of overall MSME m…
21 SMEs file IPO papers in 2016, target Rs 180 crore
To tap the upbeat investor sentiments, as many as 21 Small and Medium Enterprises (SMEs) have filed draft papers this year to raise funds totalling Rs 180 crore through their initial public offerings. The shares will be listed on the SME platforms of the BSE and National Stock Exchange (NSE). Sin…
Govt may form national hub for dalit MSME entrepreneurs | Minister Gehlot
Union Minister for Social Justice & Empowerment Thaawarchand Gehlot has said that this year being 125th Birth Anniversary of Dr. B R Ambedkar, it will also be the Year of Economic Empowerment for SC/ST entrepreneurs. In this regard, Rs 500 crore has been allotted in the budget for Stand Up In…
Budget strikes a fine balance between ‘Bharat’, the rural India and 21st century India | Jayant Sinha
NEW DELHI, 8 March, 2016: Jayant Sinha, Minister of State for Finance, today described the Union Budget 2016-17 as one which achieves a fine balance between ‘Bharat’, the informal rural economy and India, the modern 21st century India; between fiscal rectitude and economic growth imperatives an…
Online medical support platform Medidaili raises $100K
Medidaili, a medical support service platform, has raised $100,000 from a consortium of private investors. The funding will be used towards product development, increasing brand presence and tying up with more number of diagnostic centres pan India. “With new medicines, care technology and …
Dr Reddy’s to invest in startups
Dr Reddy’s Laboratories (DRL) will be investing in startups besides partnering with external entities for research and innovation. “You cannot expect people to focus on increasing market share, growth, and driving the business while also disrupting the world. So for the disrupt part, …