When Browntape got to know that one of the online marketplaces was looking for sellers who retail colourful laptop bags priced between Rs 699 and Rs 999, it immediately passed on the information to its clients. Firms like Browntape and Sellerworx help small businesses manage their online operatio…
Microsoft to provide $120,000 Azure credits to start-ups working on smart cities
Microsoft has launched an initiative to help local startups working on solutions for smart cities, for which it will provide $120,000 worth of Azure credits, CEO Satya Nadella announced at the American technology company’s ‘Future Unleashed’ event in Mumbai. Azure is Microsoft&#…
CISCO ARM INVESTS IN TWO EARLY-STAGE START-UPS
Cisco Investments, the venture capital arm of networking major Cisco, has invested in two early-stage Indian start-ups under its India Innovation theme. The investments will be forked out from the $40 million allocation to the India Innovation theme, announced last June. As a part of this, Cisc…
QUINTYPE LAUNCHES SPEAKWRITE TO INVEST IN DIGITAL MEDIA START-UPS
Digital publishing company Quintype, backed by Indian media baron Raghav Bahl, has launched SpeakWrite, an accelerator programme through which it hopes to invest in digital media start-ups. The programme will look to mentor, develop and launch sites and apps developed by selected start-up compan…
CARE RATINGS TO ASSESS AND GRADE STARTUPS
Credit rating agency CARE has entered into an agreement with investment platform GREX to assess and grade startups & SMEs registered with the latter. The move is expected to benefit corporates and lenders who shy away from investing in startups due to weak disclosures and lack of infor…
START-UP POLICY TALKS AT THE PMO
Prime Minister Narendra Modi’s ‘Start-up India, Stand up India’ campaign has reached his office. Issues related to hurdles that start-ups face are learnt to have been discussed at a meeting held in the Prime Minister’s Office (PMO) on Wednesday. The matter came up during the PM’s seventh …
LIQUIDITY CRUNCH TAKES CENTRE STAGE ON SME PLATFORM
Small and medium enterprises (SMEs) platforms still lack liquidity and institutional participation. Three years ago, exchanges had started the platforms, for SMEs to list on them. “Institutional investors do not mostly go for small transactions,” Uday Patil, director, investment bank…
STARTUP ACT IN WORKS TO CRANK UP INNOVATION
The Narendra Modi government wants to provide a powerful launch pad for startups by drastically simplifying the rules and ensuring that innovators are able to take advantage of such an enabling environment, thus unleashing entrepreneurial energies and creating jobs. At the heart of the initiativ…
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 …
MAKE-IN-INDIA INITIATIVE SEEN AS GROWTH DRIVER FOR FOUNDRIES
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 expects $3 b…