In quest of opportunities in the boundless space of digital arena where every business entity is striving hard to make its digital presence strong, are Indian Small and Medium Businesses (SMBs) are lagging behind in the race The MSME sector has driven its growth for years through its unaltered tr…
Sparks of another Street: SMEs outshine main companies
Mumbai: Companies listed on the exchange platform for smaller enterprises have outperformed those on the main board in the last one year as the stock market euphoria drove demand for the lesser-known names.While the BSE’s SME IPO Index -comprising shares that debuted on the Small and M…
Kalraj Mishra praises Haryana for expanding small enterprises
Union Minister Kalraj Mishra said that exemplary work undertaken in Haryana for expansion of small enterprises, technical education and digital literacy, has made the state a model for others to follow. The Union Minister for Micro, Small and Medium Enterprises was speaking at an event here.…
Laghu Udyog Bharti demands sops for sick units in UP’s industrial policy
The proposed industrial policy of the Uttar Pradesh government has not gone down well with Laghu Udyog Bharti, which has demanded that certain points in the draft be reconsidered. Throwing a spanner in the policy, Laghu Udyog Bharti, associated with small scale industries and having a network of …
Boxx.ai raises $500k from Unicorn India Ventures, angels
Bengaluru-based artificial intelligence-backed analytics startup Boxx.ai has raised $500K funding led by Unicorn India Ventures. Angel investors Venky Krishnakumar (Former COO and CFO, Citibank APAC); Suresh Shankar (Founder and CEO, CrayonData); and Vivek Bhargava (CEO, DAN Performance Group) al…
Small traders want penal norms delayed
With 60 per cent of the country’s small traders yet to be computerised, wholesalers and traders are demanding amnesty from penal provisions of GST for atleast nine months. A large number of small traders are still not educated about GST and there are expected to be teething problem for them in th…
It’s time for start-ups to move to the next level: NASSCOM
The Indian start-up ecosystem is evolving and it is time for stakeholders to move to the next level and collaborate with the external eco-system, said KS Vishwanathan, Vice President at Nasscom. “It is now time for the companies to move to the next level of mid-stage and growth,” Vish…
3rd edition of North East India fashion week to give platform to indigenous weavers
The third edition of North East India Fashion Week themed as ‘Khadi Movement’ will be held from October 27 to 29 at Arunachal’s Itanagar. The registration and audition of designers and models have started. Chief Operating Officer of North East India’s fashion week, Yana Ng…
Insurance platform Coverfox raises $15 m funding from Transamerica, others
Mumbai-based online insurance brokerage platform Coverfox has reportedly raised about $15 Mn (INR 96 Cr) in Series C round of funding. As per ET sources closer to the development, the round was led by US insurer Transamerica, along with the participation of existing investors. Glibberbug Technolo…
Fintech start-up Lendingkart raises $7.8 m in debt funding from Yes bank
Lendingkart Finance, a digital lending platform for small and medium enterprises (SMEs) in India, has raised US $7.8 million (INR 50 crore) in debt funding from YES Bank, India’s 4th largest private sector bank. The funds will be utilised to further build the loan book as Lendingkart ex…