NSE, India’s leading stock exchange, has listed Fourth Dimension Solutions Limited (FDSL). FDSL offers information technology infrastructure, technical support services and range of information technology and consultancy services, including infrastructure services, end user IT support, IT asset l…
Companies, Finance & Markets
Industrybuying.com raises Rs 12 Cr venture debt from Trifecta capital
Delhi-based business-to-business e-commerce player industrybuying.com has raised Rs 12 crore from venture debt provider Trifecta Capital. Venture debt is an alternative form of finance often used by start-ups. “The investment would be used to finance working capital and drive growth in the enterp…
Murthy moots easing tax environment for PE, VCs
Pitching for significant changes in norms governing venture capital (VCs) and private equity (PE) funds, a Securities and Exchange Board of India (SEBI) panel has recommended favorable tax regime and steps to bring long-term funds from domestic and foreign investors. Apart from calling for favora…
Goodbox acquires SmartPocket to make SMEs e-commerce ready
Bangalore-headquartered Goodbox, a conversational m-commerce company enabling SMEs to become e-commerce ready, has now acquired SmartPocket for an undisclosed amount. Significantly, Goodbox had recently announced its Series A funding of $2.5 million from marquee investor Nexus Venture Partners. S…
GoDaddy launches personal domains to enable small businesses build online brand
Domain provider, GoDaddy Inc, on Tuesday said it has launched Personal Domains, an easier way for small businesses and consumers to redirect their domain name to their social media profile, which in turn will help build and control their brand and identities online. According to a statement a per…
Coupons website Cashkaro.com raises funds from Ratan Tata
Continuing his investment spree in Indian start-ups, Ratan Tata, chairman emeritus of Tata Sons, has invested an undisclosed amount in Gurgaon-based cashback and coupons start-up CashKaro.com. This is his third investment in start-ups this month — having invested in Tracxn, a startup intelligence…
Poultry industry is in consolidation mode, 5-7% growth expected | ICRA
ICRA’s research wing in its recent report expected that the domestic broiler meat demand would continue to grow at the rate of 5-7 per cent (value growth is expected to be higher at above 10 per cent) and table egg demand to grow at 4-5 per cent in long term. The transition from a predominantly […
NSIC inks MoU with South Indian bank for MSME credit
The National Small Industries Corporation (NSIC) has signed a MoU with South Indian Bank (SIB) on 11th January 2016 at the head office of South Indian Bank at Thrissur, Kerala. With this MoU, South Indian Bank becomes the 33rd bank to come under NSIC’s unique umbrella of tie up arrangements with …
Not so ROSY for Indian flower exporters
For flower exporters based in and around Bangalore, catering to Valentine’s Day and Chinese New Year demands in Europe and South East Asia is a big business. Since the Valentine’s Day falls on Sunday this year, flowers’ export from Bangalore-Hosur region is all set to take a hit. Spea…
250 Cr. Debt fund launched by IFMR Investments to finance SMEs
Offering high quality investment management services in asset classes that impact the financially excluded, IFMR Investments has now rolled out ‘IFMR FImpact Long Term Multi Asset Class Fund’– a debt fund of Rs 250 crore, dedicated to provide working capital for financial inclusion enterprises in…