Tata Sons chairman Emeritus Ratan Tata has invested an undisclosed amount in Singapore-based big data company Crayon Data. The investment was made in his personal capacity. Crayon, a portfolio company of Jungle Ventures, had previously raised 10 million Singapore dollars in seed and Series…
NUMA NAMES 11 START-UPS IN ITS FIRST ACCELERATOR PROGRAMME
France-based start-up accelerator NUMA named 11 start-ups it has accepted for its first accelerator programme in India. It also announced a partnership with plane maker Airbus SAS, as part of its programme to engage companies in setting up innovation labs. Present in Bengaluru, NUMA is among seve…
ONLINE LAUNDRIES HEADED FOR SHAKE-UP
The start-up ecosystem has in the past couple of years seen several online laundry businesses like PickMyLaundry, Laundrywala, Dirk Da Dhobi, Wassup, MyWash and Laundry Basket beginning operations. Laundry was a Rs 17,400-crore business in India in 2012 and is expected to grow to Rs 48,900 crore …
INDIAN RAILWAYS GIVES NEW MEANING TO FOOD ON THE GO WITH FOODPANDA; ZOMATO IN THE WORKS
Food lovers travelling by Indian Railways trains have reason to rejoice. After incessant complaints over poor-quality food provided by it over the years, the Indian Railways has decided to offer passengers the flexibility to choose meals of their choice, thanks to a tie-up between Indian R…
GOVT WORKING ON MANY INITIATIVES TO SIMPLIFY PROCESSES FOR MSMEs’
The government has initiated several measures to provide technology, training and finance to micro, small and medium enterprises (MSME), according to MSME Secretary Anup K Pujari. The sector is the single largest contributor to India’s gross domestic product and the second Largest provider …
INDIAN SMEs TO MAKE QUALITY THEIR USP FOR INDIAN AND GLOBAL MARKET: MINISTRY OF MSME
In continuation to the recently announced 3 percent interest subsidy scheme for exporters by the Government, Dr. Anup K Pujari, Secretary, Ministry of MSME, beckoned the industry to strive for quality on a continual basis at the inaugural of the 8th National Cluster Summit, New Delhi. A wave of t…
ENTREPRENEURS CONCERNED OVER AVAILABILITY OF LOANS ON TIME
Entrepreneurs in the Micro, Small and Medium Enterprises (MSME) are as prone to take loans from moneylenders as farmers. Reason: the delay in release of loans by financial institutions and failure of the government to rehabilitate sick industries. The Mysore Industries Association (MIA) has point…
START-UP INCUBATOR PLANS IPO
Kai-Fu Lee, former China head for Google, is planning an initial public offering at his venture firm, with a portfolio of hundreds of firms valued at over $2 billion. His start-up incubator, Innovation Works, is seeking to list its business management arm on China’s over-the-counter market.…
EARNEST TO RAISE $275 MILLION
Louis Beryl, founder of student-loan start-up Earnest, said his firm would receive $275 million (Rs 1,837 crore) in financing, comprising a $75-million equity stake led by Battery Ventures, along with $200 million in lending capital from New York Life and an unnamed institution. The sizable war c…
SMEs NEED SIMPLE PRODUCTS TO TRANSACT ONLINE
PayUmoney, an online payments solution, claims to be the number one player in the e-commerce category and the second-largest in the overall payments industry. In an interview with BusinessLine , Paritosh Sharma, Head, Channel Partnerships at PayUmoney, spoke about the payments market and t…