The technology backbone which Infosys Co-Founder Nandan Nilekani’s team built ahead of the 2014 Lok Sabha election for his poll campaign is now available to parties and elected representatives across the political divide. FourthLion, the tech startup mentored by Nilekani, is offering the pl…
Companies, Finance & Markets
HDFC Bank launches dedicated product for start-ups
Country’s second largest private sector lender HDFC Bank launched a dedicated product for start-ups which will offer banking, payments and forex services. The product’s features include enhanced transaction limits with no minimum balance requirement for the first six months, customise…
MSwipe bets on SMEs for expansion
Mumbai-based mobile PoS player MSwipe, which competes with EzeTap and iKaaz among others, is betting on the varied lot of SMEs for expansion. Currently, the PoS player claims to work with banks like Axis Bank, Ratnakar Bank, Corporation Bank and others and caters to more than 75,000 merchants inc…
India Bills Payment market is expected to reach INR 9.4 trillion by 2020 | Ken Research
Future Growth of India Bills Payment Market is expected to be led by rising internet and Smartphone penetration, followed by emergence of mobile wallet and surging trend of online bills payment in India. The mobile bills payment, market leader Airtel is expected to maintain its dominant position …
Category winners like crown it and little catch fancy of startups investors
In the past 12 months, early-stage investors have closed over a dozen deals in the hyper local deal-discovery space in the search for a category winner, from Paytm-backed Little to Accel-backed Crown It and Lightspeed Ventures-backed MagicPin besides smaller outfits such as Shouut and GoYaNo. Wit…
Exotel sets up research division to spur innovation in voice space
Cloud telephony startup Exotel has set up a research division to spur innovation in the voice space. Called Exotel Labs, the division will have a team of researchers specialising in machine learning, data mining and signal processing. “Voice communication is at the core of most businesses i…
SMEs take big strides on bourses
Early four years after the equity exchanges launched trading platforms for small and medium enterprises (SMEs), the segment is showing signs of maturity, with institutional entities like banks and mutual funds investing in them. Some of the bigger brokerages, once focussed only on the larger comp…
Mahindra & Mahindra enters farm equipment rental business with Trringo
Mahindra & Mahindra’s (M&M) forayed into the agricultural equipment rental services with the launch of Trringo, an organised rental service, with plans to invest over Rs 10 crore on the startup enterprise. “Farm Equipment Sector (FES), a part of Mahindra group, has forayed int…
Eswasthya.in & Jolly Food Fellow raises angel funding
Online medicine delivery aggregator eSwasthya.in raised undisclosed angel fund from Lothal Angel Ventures while food tech focused analytic platform – Jolly Food Fellow has raised its pre-series A round of funding by angel investor Janak Parikh, MD of Malibu Group. Ahmedabad-based startup eS…
Wipro Ventures invests in US-based Emailage Corporation
Wipro Ventures, the $100-million venture capital arm of Wipro, has invested an undisclosed amount in US-based fraud prevention solution startup Emailage Corp for a minority stake, marking India’s third largest software exporter’s seventh such investment in early-stage ventures over th…