Taxi-hailing app Uber signed a pact with the Haryana government, wherein it will invest Rs 120 crore in technology based ride-sharing services. The Memorandum of Understanding (MoU) was signed at the Happening Haryana Global Investors Summit 2016. Under the agreement, Uber will invest in technolo…
Companies, Finance & Markets
Paytm expects to double its offline merchants to four million
Mobile payments and commerce platform Paytm plans to double its offline merchant and ‘kirana’ store network to reach four million merchants this year, as it looks to create more use cases for its wallet and payment bank business. “This year, we will be present offline in every n…
21 SMEs file IPO papers in 2016, target Rs 180 crore
To tap the upbeat investor sentiments, as many as 21 Small and Medium Enterprises (SMEs) have filed draft papers this year to raise funds totalling Rs 180 crore through their initial public offerings. The shares will be listed on the SME platforms of the BSE and National Stock Exchange (NSE). Sin…
Online medical support platform Medidaili raises $100K
Medidaili, a medical support service platform, has raised $100,000 from a consortium of private investors. The funding will be used towards product development, increasing brand presence and tying up with more number of diagnostic centres pan India. “With new medicines, care technology and …
Dr Reddy’s to invest in startups
Dr Reddy’s Laboratories (DRL) will be investing in startups besides partnering with external entities for research and innovation. “You cannot expect people to focus on increasing market share, growth, and driving the business while also disrupting the world. So for the disrupt part, …
Tat Capital signs MoU with T-Hub
Tat Capital, an India-Australia/NZ corporate advisory firm, has signed a memorandum of understanding with start-up incubator T-Hub, a Telangana government initiative. According to an official release, the MoU will facilitate trade and investment between Australia, New Zealand and the Indian subco…
Investor queue gets longer outside micro loan startups
Startups helping college students and young adults get small loans, typically below Rs 1 lakh, are seeing early interest from investors as fin-tech, or financial technology, emerges as one of the hottest sectoral themes for this year. Finomena, a Bengaluru-based lending platform for students, rec…
Thomas Cook India partners with Western Union to assist SMEs
Thomas Cook (India) has announced a collaboration with Western Union Business Solutions to assist Small and Medium-sized Enterprises (SMEs) in India with their trade payments across borders. According to KPMG, SMEs have emerged as one of India’s largest growing sectors, with a significant G…
Customer is the ‘emperor’ at Sangeetha Mobiles
WhatsApp mobile application is the key mode of sales figure updates in Sangeetha mobiles. Amongst the never-ending green notifications from those WhatsApp groups, a busy Subhash Chandra, CEO of Sangeetha Mobiles, sits for an exclusive chat with SMEPost.com. A company in the business of retailing …
Tech Mahindra to launch startup garage for in-house entrepreneurs
In a first for a corporate entity, Tech Mahindra is all set to create a ‘startup garage’ for its in-house entrepreneurs. “Within our set-up, we have a number of companies that is working already. But we are about to launch a garage soon …ours will be the first corporate ga…