Tat Capital, an India-Australia/NZ corporate advisory firm, has signed a memorandum of understanding with start-up incubator T-Hub, a Telangana government initiative. According to an official release, the MoU will facilitate trade and investment between Australia, New Zealand and the Indian subco…
Investor queue gets longer outside micro loan startups
Startups helping college students and young adults get small loans, typically below Rs 1 lakh, are seeing early interest from investors as fin-tech, or financial technology, emerges as one of the hottest sectoral themes for this year. Finomena, a Bengaluru-based lending platform for students, rec…
Clipbyte to raise $2 million to fund business needs
Start-up e-commerce portal – Clipbyte.com said it is looking at raising around $2 million to fund its business needs. “We are exploring equity infusion at regular intervals as e-commerce business needs a quantum and consistent flow of funds. We are in the process of raising close to $…
Now, a start-up to track radio cab drivers
Recently, there were reports that the Karnataka government had imposed strict rules on app-based taxi aggregators and radio cab operators. A web-based tech news portal also reported that drivers will have to be trained once a year on safe driving skills. The number of hours the drivers put in wil…
TPG Growth looks to invest in Indian consumer internet start-ups
TPG Growth, an early backer of ride-sharing app Uber and home rental service Airbnb, is looking to invest in Indian consumer Internet start-ups, a company executive said. The fund will also partner with venture capital funds to invest in these companies. “We are looking to partner with some of th…
CII Telangana & DRDL to hold a ‘Make in India’ meet
CII Telangana, in partnership with DRDL, are organising a two day conference on ‘Make in India: DRDL (DRDO) – CII Industry Meet on Opportunities and Challenges for SMEs in the Defence Sector at the DRDL campus, at DRDL Auditorium, Kanchanbag. The objective of the conference was to promote partner…
Thomas Cook India partners with Western Union to assist SMEs
Thomas Cook (India) has announced a collaboration with Western Union Business Solutions to assist Small and Medium-sized Enterprises (SMEs) in India with their trade payments across borders. According to KPMG, SMEs have emerged as one of India’s largest growing sectors, with a significant G…
Fintechs are likely to disrupt the market by aggregating financial services for MSMEs
Financial technology companies have gain mileage over the last 5 years. Globally, the investment in online MSME finance market has grown by about 45% y-o-y and many billion dollars has been ploughed into startups in the online MSME finance market space in FY’2015 alone. With the influx of investm…
Tech Mahindra to launch startup garage for in-house entrepreneurs
In a first for a corporate entity, Tech Mahindra is all set to create a ‘startup garage’ for its in-house entrepreneurs. “Within our set-up, we have a number of companies that is working already. But we are about to launch a garage soon …ours will be the first corporate ga…
Ninjacart raises Rs 20 Crore, to connect farmers & brands to retailers
Ninjacart, an online platform that connects farmers and brands to retailers, has raised Rs 20 crore in a funding round led by Accel Partners. The round also saw participation from Qualcomm Ventures, Singapore-based M&S Partners and ZopSmart, the parent of online grocer ZopNow. The Bengaluru-b…