Nextra Teleservices, which offers high speed internet services over broadband and WiFi in Delhi, plans to dilute up to 24% stake to raise funds from private equity for expanding services across India. The four-year old startup which competes with but trails broadband services providers Bharti Air…
Companies, Finance & Markets
Amadeus Capital eyes marketplaces, Ed-Tech and FinTech Firms
UK-based global technology investor Amadeus Capital is betting on marketplaces, EdTech, FinTech and product-based SaaS (software as a service) companies in India. Amadeus recently announced its first direct investment in the country, in maketplace IndiaMart. India investments will be made from th…
Truecaller plans alliances with e-commerce giants
In an effort to tap on the start-up system in India and open a new revenue stream, phone number identification app Truecaller is planning to get into tie-ups with e-commerce giants such as Snapdeal, Flipkart and other online players which require phone number verification on their customers and o…
India’s trade deficit with China increases to over Rs 3 lakh crore in 2015 | Nirmala Sitharaman
India’s trade deficit with China increased to $51.86 billion (Rs 3.47 lakh crore) in 2015, Parliament was informed on March 14. “Increasing trade deficit with China can primarily be attributed to the fact that Chinese exports to India rely strongly on manufactured items meeting the de…
India mulls joining International alliance of Pharma regulators
The government is contemplating joining a global alliance of pharmaceutical regulators, a move that could help local companies scale up to international standards. The development comes even as Indian drug producers are facing heightened scrutiny for quality related lapses. According to an offici…
Uber mentoring 50 startups via exchange programme
A clutch of startups on March 11 asked Uber’s global chief technical officer Thuan Pham how over-hiring could be avoided when building a company. “Ask what problem your company has to solve and find a person with the right skill-sets,” said Pham, who was addressing entrepreneurs…
FICCI’s FLO leads delegation of 60 women entrepreneurs to discover wine business
FLO, the Ladies Organisation of the Federation of Indian Chambers of Commerce & Industry (FICCI), Bengaluru Chapter, led a delegation of 60 city-based women entrepreneurs to a vineyard where wine experts will help them understand the business of wine and wine making, on March 11. FLO, a natio…
Regulators ahead of the curve for FinTech sector | Nandan Nilekani
Getting millions of rural Indians online, organizing sectors like pharma and logistics, and utilizing Jan Dhan Yojana, Aadhaar and mobile phones are three areas that entrepreneurs can tap into to build sustainable businesses, said former Unique Identification Authority of India (UIDAI) Chairman N…
Omaxe’s CEO Mohit Goel forays into e-commerce with supplified.com
Realty firm Omaxe’s promoter and CEO Mohit Goel has started an e-commerce portal, Supplified.com, in his personal capacity to market construction materials and will invest USD 1 million as seed funding. Supplified.com, founded by Goel along with SPR Buildtech Director Nalin Saluja, started …
HDFC Bank gets startups onboard to increase customer convenience
Very soon you might be able to make payments digitally at a retail outlet without any internet connection on your phone, get personalised banking options when you withdraw cash from an ATM, or even do phone banking over a chat session with a robot. India’s second largest private sector lend…