“The focus of the government is on Ease of Doing Business so that entrepreneurs, particularly in the MSME sector, are freed from all complications so that they are facilitated in their efforts to increase exports.” The government on January 28, said it is focusing on improving ease of…
Softbank picks Brocade fabric-based new IP network to help increase business agility
Japanese telecommunication service provider Softbank Corp is streamlining its data center operations by deploying BROCADE VDX SWITCHES (NASDAQ: BRCD) to provide Ethernet fabrics as part of the company’s group-wide common service infrastructure network. The new infrastructure will greatly re…
New MSME initiatives in the offing in Budget 2016 | MSME Secretary Anup Pujari
The General Budget in February end is likely to tweak Prime Minister Employment Generation Programme for more job creation in MSMEs, provide more access to formal finance to the sector and step up cluster development. The MSME Secretary Anup Pujari told SMEpost.com this will be in addition to e…
Buildzar raises $4 million from Puneet Dalmia
Buildzar.com, a Gurgaon based marketplace for home construction and home renovation, has raised $4 million from individual investor Puneet Dalmia in pre-series A funding. Puneet is the MD & CEO at Dalmia Bharat Limited and an MBA from IIM Bangalore. He was the Co-Founder of JobsAhead.com (lat…
50K Ventures invests in CodingLabs
50K Ventures invested an undisclosed amount in CodingLabs, a platform for aspiring technologists to showcase coding skills, eliminating paper resumes. The investment led by Vineel Nalla, CEO of NBOS Technologies and also Co-Founder of 50K Ventures. Established in 2015, CodingLabs provides a platf…
Piggybank – a $20-m walk in the Cloud4c awaits investors
Cloud4C, touted as the world’s only Tier-4 cloud solutions firm, promoted by Tier-4 data center services provider CtrlS is looking at raising around $20 million by divesting a minority stake. The cloud solutions firm that kicked off commercial operations in April 2015 would divest a maximu…
VC investments in Non-Tech firms surge in 2015
There is nothing new about Venture Capital (VC) funds globally investing outside technology businesses. But, this is now getting traction in India. When Sequoia invested in craft-beer company Bira91 this month, it only accentuated the trend that saw record investments of $1.9 billion in 2015 acro…
AskMe Grocery looks to expand operations to 70 cities
Although the food tech sector is grappling with slowing sales and high attrition, hyperlocal AskMe Grocery is looking to scale up. Ankit Jain, founder, AskMe said that the firm proposes to expand operations from 35 cities to 70 cities by March, 2016. “Expanding the business in tier II and tier II…
Punjab SMEs awaits better infrastructure facility
Despite being a big industrial hub, the infrastructure for Micro, Small and Medium Enterprises (MSMEs) in Punjab is yet to be improved, complained the local entrepreneurs. The MSMEs in Ludhiana cried that even though the government is charging them high Change of Land Use (CLU) and External Devel…
Mahindra Insurance to focus on SMEs, reinsurance
Mahindra Insurance Brokers (MIBL), an insurance broking company from the M&M group, said it will focus on SME and reinsurance businesses in a big way. The company will launch its online platform in two months. It is open to raise funds from PEs for technology and products, Managing Director J…