The Indian foundry industry expects $3 billion of investment in another 10 years to meet the potential demand of 30 million tonnes of castings in the country With the Central Government’s thrust on the manufacturing sector and the Make-in-India initiative, the Indian foundry industry expec…
HEALTHCARE DISCOVERY APP MEDINFI RAISES RS 2 CRORE IN ANGEL ROUND
Location-based app for finding patient-reviewed clinics in the vicinity and booking doctor appointments, Medinfi has raised an angel round of Rs 2 crore from a group of investors. The company founded by Ravi Krishna Mishra, former head of retailer marketing at Amazon late last year is currently l…
CARAVAN CRAFT RAISES RS 8.5 CRORE FROM UNITUS SEED FUND
Caravan Evolved Craft has raised a fresh round of funding of Rs 8.5 crore from existing investor Unitus Seed Fund and others. This takes the total amount of equity raised by the company to Rs 12 crore. Alongside, it has raised debt of Rs 14 crore from National Skill Development Corporation (NSDC)…
REGISTERED FIRMS HAVE BETTER ACCESS TO SHORT-TERM FINANCE
CRISIL has analysed 7,000 micro, small, and medium enterprises (MSMEs) established as partnership or proprietorship firms and rated on the basis of their 2013-14 financials (financial year April 1-March 31), with a view to understanding whether there is a correlation between their registration wi…
ONLINE PORTAL FOR FURNITURE RENTALS RENTMOJO RAISES $2 MN FROM IDG, ACCEL
Rentomojo, an online marketplace to rent furniture, home appliances and two-wheelers, has raised $2 million in Pre-Series-A funding from Accel Partners and IDG Ventures. The Bengaluru-based firm will now count Venkatesh Peddi from IDG Ventures and Prashanth Prakash from Accel Partners as members…
HELLO CURRY TIES UP WITH IRCTC TO PROVIDE MEALS ON TRAINS
Hello Curry, a Hyderabad-based fast food chain start-up, has entered into a partnership with Indian Railway Catering and Tourism Corporation (IRCTC) to supply meal options to railway passengers. “A majority of passengers do not have the time or the means to carry food for their journey dur…
NUMBERMALL ACQUIRES ANALYTICS START-UP BANKSMARTS SOLUTIONS
NumberMall, a Hyderabad-based merchant-engaged payment gateway services platform, has acquired all the businesses of Delhi-headquartered analytics start-up BankSmarts Solutions for an undisclosed sum. The acquisition will extend NumberMall’s analytics capabilities, customer reach and merchant of…
INDIA AIMS FOR AT LEAST 1,500 BIOTECH START-UPS
India aims to scale up start-ups in the biotechnology sector to at least 1,500 in the next two to three years to boost technological interventions in the health and agriculture sectors, a senior biotechnology department official said. “We presently have around 500 start-ups in the b…
Perfect Infraengineers lists on NSE SME platform
Air conditioning firm Perfect Infraengineers today became the 11th company to be listed on NSE’s Small and Medium Enterprises (SME) platform. The listing holds significance as it is the first time that Small Industries Development Bank of India (SIDBI), which finances small companies, acted as a …
SME PLATFORM LISTING HELPS SMALL FIRMS TAP BIG CLIENTS, BETTER BANKING
Listing on the small and medium-sized enterprise (SME) platforms of the BSE exchange and National Stock Exchange (NSE) has in the past year catapulted some small companies in Gujarat and Maharashtra to an altogether new league. Not only has listing brought in a fresh corporate identity for the SM…