ShopClues, a managed marketplace has announced the launch of its Bulk Factory campaign for businesses and consumers alike. Shoppers can now buy products from a wide range of categories in larger quantities to avail wholesale rates starting from Rs 51 only. Last year, ShopClues had launched the &#…
Weddingz.in raises undisclosed funding from sixth sense ventures
Online marketplace for wedding vendors and services, Weddingz.in, has raised an undisclosed sum from consumer-focused venture capital firm Sixth Sense Ventures, the second such funding raised by the company in less than two months. Proceeds from the pre-Series a round will be used by the year-old…
Top 10 Angels give wing to 425 Startups
India’s top 10 angel investors — call them archangels — have supported and helped build 425 Indian startups over the past 10 years, according to estimates by startup database Xeler8. That’s a significant figure, given that the startup ecosystem is still in its infancy, and reflects th…
Make in India week to unveil 5 biz-friendly policies
Union minister of state (independent charge) for commerce and industries Nirmala Sitharaman and Chief Minister Devendra Fadnavis on February 8 announced that the Make in India Week from February 13 to 18 would offer access, insights and opportunities to bring together global industry leaders, vis…
Nirmala Sitharaman lauds chemicals and dyes industry
Government of India is making all out efforts to help growth of new generation of entrepreneurs to flourish, in every sector and in all parts of the country, Sitharaman said. Lauding the export performance of chemicals and dyes industries in India, Nirmala Sitharaman, Hon’ble Minister of State fo…
MIP on steel to jolt engineering exports | EEPC India
Engineering Exports Promotion Council (EEPC) demands a mechanism to compensate increased raw material cost to engineering products exporters as a result of Minimum Import Price (MIP) levied to prevent cheap steel imports. “The introduction of the Minimum Import Price on steel products will raise…
Sistema JSFC floats $50m Asia fund
Sistema JSFC, a Russian conglomerate with over $10 billion of annual revenue, has jumped onto the Indian startup bandwagon. It has floated a proprietary $50 million (Rs 340 crore) Asia Fund to support Indian startups operating in the technology and niche consumer retail segments. He declined to r…
Startups choose debt row over death by equity dilution
As private equity and venture capital investors are tightening and consolidating their investment portfolio in the startups space, an increasing number of startups are getting sensitised with the new emerging `funding climate’ and are too looking towards debt funding to avoid further equity…
B2B startups warm up to SMEs
Even as various e-commerce companies and organised retail run mega sales promotions in a bid to outdo each other, it’s the neighbourhood kirana store that’s been caught in the crossfire. This is what prompted Sahi Sani, a Traditional Distributor, to look into whether technology could …
CPSUs procure 20 per cent of products and services from MSEs
Central Public Sector Units (CPSUs) procure 20 per cent of products and services from Micro and Small Enterprises (MSEs) as per the 2012 audit. The statistics since then have been as follows: Procurement made by CPSUs from MSEs (Rs. in Crores) Year Total Procurement Procurement from MSEs (includi…