The introduction of Udyog Aadhar Memorandum (UAM) is expected to boost MSME activities in the country, besides training a series of changes in the industrial sector, according to PM Mathew, Director, Institute of Small Enterprises and Development (ISED). Terming implementation of UAM as “progress…
REDSTONE CONSULTANCY PROMOTERS OF GROFFR DRAG GROFERS INDIA TO HC
Redstone Consultancy, the promoter of group-buying startup Groffr, has filed a case against online grocery delivery firm Grofers India Pvt Ltd for “passing off “ and using a similar sounding name to confuse consumers in the Delhi High Court. Mumbai-based Redstone, which helps consumers in big-tic…
OYO NOW FINDS ROOM FOR A CAFE UNDER ITS ROOF
Budget hotels aggregator OYO Rooms is piloting a food technology venture and an on-demand housekeeping service as it looks to offer its customers a better experience while creating a sustainable and standardised long-term brand. With OYO Cafe, the company will aggregate its listed hotels’ …
SKILL-TRAINING COMPANY ISTAR LEARNS TO RAISE RS 10 CRORE
iStar Skill Development, a skill-training company, has raised Rs 10 crore led by the Michael & Susan Dell Foundation. Unitus Seed Fund, an early investor in iSTAR, also participated in this round. This takes total funds raised by the company to Rs 13 crore. “iStar presents a great blend…
M&M TESTS START-UP WATERS WITH SMARTSHIFT
Want to move furniture to your new house? Have you started a packaged water business? In either case, you need to worry about logistics. To address this demand, Mahindra & Mahindra has launched a digital marketplace for intra-city cargo movers. This will connect transporters with users throug…
SHADOWFAX TO OPEN R&D CENTRE FOR DATA ANALYTICS
Mumbai-based on-demand hyperlocal logistics startup Shadowfax is opening a research and development centre, which will focus on new product launches and data analytics. The centre, to be set up in Bengaluru, will house more than 60 employees, making it the largest operations setup for the startu…
GOVT PLANS 5 IoT START-UP INCUBATION CENTRES
As part of Prime Minister Narendra Modi’s Digital India and Startup India campaign, the government is planning to develop five Internet of Things (IoT) – which allows a set of connected devices running on software and sensors to exchange data – start-up incubation centres. Conf…
INDONESIAN GOVT TO ASSIST 1000 SMEs TO ENTER E-COMMERCE PLATFORMS
The government will help local small and medium enterprises (SMEs) to enter the e-commerce industry in an attempt to boost economic growth. Sri Agustina, the Trade Ministry’s director general for domestic trade, said on Thursday that the ministry had teamed up with the Indonesia E-commerce …
MOVEINSYNC STARTS EMPLOYEE TRANSPORT SERVICE IN VADODARA
In a big relief to the employees and management of large corporates, including multi-national companies, located in Vadodara, commuting for office in the nearby industrial estates is set to become much easier. A Bengaluru-based enterprise transport service provider, MoveInSync,on Friday launched …
HEALTHASSURE IN TALKS WITH VC FUNDS TO RAISE $7 M
HealthAssure, a Mumbai-based primary healthcare services aggregator, is in talks with a clutch of Venture Capital (VC) firms to raise $7 million. The start-up, which counts serial entrepreneur Rajul Garg as mentor, intends to close the ‘Series A’ funding (first institutional fund-raising) by Febr…